ARTEMIA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ARTEMIA
Largest movements
- Tangible fixed assets -€87,646
down €87,646 (-7.2%), from €1.2m to €1.1m
of which Land and buildings: -€46,667
- Cash +€23,387
up €23,387 (+13.9%), from €168,087 to €191,474
mainly Depreciation (+€165,230) and Tax, wage and social debts (+€89,229)
- Intangible fixed assets -€22,787
down €22,787 (-31.4%), from €72,662 to €49,875
- Stocks and contracts -€17,936
down €17,936 (-26.2%), from €68,406 to €50,469
- Profit (loss) carried forward -€310,384
down €310,384 (-23.9%), from -€1.3m to -€1.6m
- Tax, wage and social debts +€89,229
up €89,229 (+75.5%), from €118,184 to €207,413
of which Remuneration and social security: +€81,226
- Other debts +€80,342
up €80,342 (+6.3%), from €1.3m to €1.4m
- Trade debts +€59,438
up €59,438 (+39.2%), from €151,760 to €211,198
- Gross operating margin -€65,953
down €65,953 (-8.0%), from €822,587 to €756,634
- Staff costs +€32,858
up €32,858 (+3.8%), from €857,690 to €890,548
- Depreciation -€15,049
down €15,049 (-8.3%), from €180,279 to €165,230
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,536,657 | €1,440,826 | -€95,831 | -6.2% |
| Fixed assets | 21/28 | €1,289,838 | €1,179,406 | -€110,432 | -8.6% |
| Intangible fixed assets | 21 | €72,662 | €49,875 | -€22,787 | -31.4% |
| Tangible fixed assets | 22/27 | €1,215,035 | €1,127,389 | -€87,646 | -7.2% |
| Land and buildings | 22 | €1,059,591 | €1,012,924 | -€46,667 | -4.4% |
| Plant, machinery and equipment | 23 | €19,153 | €17,282 | -€1,871 | -9.8% |
| Furniture and vehicles | 24 | €60,690 | €55,227 | -€5,463 | -9.0% |
| Other tangible fixed assets | 26 | €75,600 | €41,956 | -€33,644 | -44.5% |
| Financial fixed assets | 28 | €2,142 | €2,142 | = | 0.0% |
| Current assets | 29/58 | €246,819 | €261,420 | +€14,601 | +5.9% |
| Stocks and contracts in progress | 3 | €68,406 | €50,469 | -€17,936 | -26.2% |
| Stocks | 30/36 | €68,406 | €50,469 | -€17,936 | -26.2% |
| Amounts receivable within one year | 40/41 | €4,231 | €10,218 | +€5,987 | +141% |
| Trade receivables | 40 | €1,694 | €8,494 | +€6,800 | +401% |
| Other amounts receivable | 41 | €2,537 | €1,724 | -€813 | -32.1% |
| Cash at bank and in hand | 54/58 | €168,087 | €191,474 | +€23,387 | +13.9% |
| Deferred charges and accrued income | 490/1 | €6,096 | €9,259 | +€3,164 | +51.9% |
| Total equity and liabilities | 10/49 | €1,536,657 | €1,440,826 | -€95,831 | -6.2% |
| Equity | 10/15 | -€1,013,543 | -€1,338,384 | -€324,841 | -32.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,298,350 | -€1,608,735 | -€310,384 | -23.9% |
| Investment grants | 15 | €222,808 | €208,351 | -€14,457 | -6.5% |
| Amounts payable | 17/49 | €2,550,200 | €2,779,210 | +€229,009 | +9.0% |
| Amounts payable after more than one year | 17 | €997,186 | €997,186 | = | 0.0% |
| Other amounts payable | 178/9 | €997,186 | €997,186 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,553,015 | €1,782,024 | +€229,009 | +14.7% |
| Trade debts | 44 | €151,760 | €211,198 | +€59,438 | +39.2% |
| Suppliers | 440/4 | €151,760 | €211,198 | +€59,438 | +39.2% |
| Taxes, remuneration and social security | 45 | €118,184 | €207,413 | +€89,229 | +75.5% |
| Taxes | 450/3 | €36,536 | €44,539 | +€8,003 | +21.9% |
| Remuneration and social security | 454/9 | €81,648 | €162,873 | +€81,226 | +99.5% |
| Other amounts payable | 47/48 | €1,283,071 | €1,363,413 | +€80,342 | +6.3% |
| Remuneration, social security and pensions | 62 | €857,690 | €890,548 | +€32,858 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,279 | €165,230 | -€15,049 | -8.3% |
| Other operating charges | 640/8 | €3,725 | €4,622 | +€897 | +24.1% |
| Non-recurring operating charges | 66A | €1,926 | - | -€1,926 | |
| Gross operating margin | 9900 | €822,587 | €756,634 | -€65,953 | -8.0% |
| Operating profit (loss) | 9901 | -€221,032 | -€303,765 | -€82,734 | -37.4% |
| Financial income | 75/76B | €14,457 | €14,457 | = | 0.0% |
| Recurring financial income | 75 | €14,457 | €14,457 | = | 0.0% |
| Financial charges | 65/66B | €16,973 | €21,075 | +€4,102 | +24.2% |
| Recurring financial charges | 65 | €16,973 | €21,075 | +€4,102 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€223,549 | -€310,384 | -€86,835 | -38.8% |
| Profit (loss) for the period | 9904 | -€223,549 | -€310,384 | -€86,835 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€223,549 | -€310,384 | -€86,835 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.