ARTEMIDE BELGIUM: what changed
ARTEMIDE BELGIUM
Largest movements
- Receivables within one year +€115,932
up €115,932 (+138%), from €84,217 to €200,149
of which Trade receivables: +€119,383
- Cash +€39,278
up €39,278 (+57.7%), from €68,073 to €107,351
mainly Debts after one year (+€100,000) and Depreciation (+€33,940)
- Intangible fixed assets -€28,940
down €28,940 (-12.5%), from €231,518 to €202,578
- Stocks and contracts -€13,201
down €13,201 (-27.4%), from €48,110 to €34,909
- Debts after one year +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Trade debts +€27,851
up €27,851 (+14.8%), from €188,277 to €216,128
- Tax, wage and social debts -€19,242
down €19,242 (-50.3%), from €38,255 to €19,013
of which Remuneration and social security: -€17,001
- Gross operating margin +€372,178
up €372,178, from -€137,336 to €234,842
- Staff costs -€27,901
down €27,901 (-14.9%), from €187,494 to €159,593
- Financial charges +€17,017
up €17,017 (+90.3%), from €18,844 to €35,861
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,408 | €562,688 | +€109,280 | +24.1% |
| Fixed assets | 21/28 | €251,987 | €218,048 | -€33,940 | -13.5% |
| Intangible fixed assets | 21 | €231,518 | €202,578 | -€28,940 | -12.5% |
| Tangible fixed assets | 22/27 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Furniture and vehicles | 24 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Financial fixed assets | 28 | €469 | €469 | = | 0.0% |
| Current assets | 29/58 | €201,420 | €344,640 | +€143,220 | +71.1% |
| Stocks and contracts in progress | 3 | €48,110 | €34,909 | -€13,201 | -27.4% |
| Stocks | 30/36 | €48,110 | €34,909 | -€13,201 | -27.4% |
| Amounts receivable within one year | 40/41 | €84,217 | €200,149 | +€115,932 | +138% |
| Trade receivables | 40 | €72,872 | €192,255 | +€119,383 | +164% |
| Other amounts receivable | 41 | €11,344 | €7,894 | -€3,451 | -30.4% |
| Cash at bank and in hand | 54/58 | €68,073 | €107,351 | +€39,278 | +57.7% |
| Deferred charges and accrued income | 490/1 | €1,020 | €2,231 | +€1,211 | +119% |
| Total equity and liabilities | 10/49 | €453,408 | €562,688 | +€109,280 | +24.1% |
| Equity | 10/15 | -€78,598 | -€73,900 | +€4,698 | +6.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€378,598 | -€373,900 | +€4,698 | +1.2% |
| Amounts payable | 17/49 | €532,006 | €636,588 | +€104,582 | +19.7% |
| Amounts payable after more than one year | 17 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Other amounts payable | 178/9 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Amounts payable within one year | 42/48 | €231,689 | €236,588 | +€4,899 | +2.1% |
| Trade debts | 44 | €188,277 | €216,128 | +€27,851 | +14.8% |
| Suppliers | 440/4 | €188,277 | €216,128 | +€27,851 | +14.8% |
| Advances received on contracts in progress | 46 | €5,157 | €1,446 | -€3,711 | -72.0% |
| Taxes, remuneration and social security | 45 | €38,255 | €19,013 | -€19,242 | -50.3% |
| Taxes | 450/3 | €6,293 | €4,052 | -€2,241 | -35.6% |
| Remuneration and social security | 454/9 | €31,962 | €14,961 | -€17,001 | -53.2% |
| Accrued charges and deferred income | 492/3 | €317 | - | -€317 | |
| Remuneration, social security and pensions | 62 | €187,494 | €159,593 | -€27,901 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,940 | €33,940 | +€0 | 0.0% |
| Other operating charges | 640/8 | €820 | €571 | -€248 | -30.3% |
| Gross operating margin | 9900 | -€137,336 | €234,842 | +€372,178 | |
| Operating profit (loss) | 9901 | -€359,589 | €40,738 | +€400,328 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €18,844 | €35,861 | +€17,017 | +90.3% |
| Recurring financial charges | 65 | €18,844 | €35,861 | +€17,017 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | -€378,433 | €4,877 | +€383,310 | |
| Income taxes | 67/77 | €165 | €179 | +€14 | +8.6% |
| Profit (loss) for the period | 9904 | -€378,598 | €4,698 | +€383,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€378,598 | €4,698 | +€383,296 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.