ARTEMINO: 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.
ARTEMINO
Largest movements
- Tangible fixed assets +€5,321
up €5,321 (+1,130%), from €471 to €5,792
- Cash +€4,838
up €4,838 (+2.2%), from €222,293 to €227,131
mainly Net result for the year (+€59,759) and Tax, wage and social debts (+€6,555)
- Tax, wage and social debts +€6,555
up €6,555 (+26.3%), from €24,957 to €31,512
of which Remuneration and social security: +€8,269
- Reserves +€3,974
up €3,974 (+2.2%), from €181,963 to €185,937
- Gross operating margin -€1,861
down €1,861 (-2.2%), from €83,521 to €81,660
- Financial income +€1,690
up €1,690 (+184%), from €916 to €2,606
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,988 | €233,323 | +€9,335 | +4.2% |
| Fixed assets | 21/28 | €511 | €5,832 | +€5,321 | +1,041% |
| Tangible fixed assets | 22/27 | €471 | €5,792 | +€5,321 | +1,130% |
| Furniture and vehicles | 24 | €471 | €5,792 | +€5,321 | +1,130% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €223,477 | €227,491 | +€4,014 | +1.8% |
| Amounts receivable within one year | 40/41 | €824 | - | -€824 | |
| Trade receivables | 40 | €824 | - | -€824 | |
| Cash at bank and in hand | 54/58 | €222,293 | €227,131 | +€4,838 | +2.2% |
| Deferred charges and accrued income | 490/1 | €360 | €360 | = | 0.0% |
| Total equity and liabilities | 10/49 | €223,988 | €233,323 | +€9,335 | +4.2% |
| Equity | 10/15 | €194,363 | €198,337 | +€3,974 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €181,963 | €185,937 | +€3,974 | +2.2% |
| Distributable reserves | 133 | €181,963 | €185,937 | +€3,974 | +2.2% |
| Amounts payable | 17/49 | €29,625 | €34,986 | +€5,361 | +18.1% |
| Amounts payable within one year | 42/48 | €29,625 | €34,986 | +€5,361 | +18.1% |
| Trade debts | 44 | €4,668 | €3,474 | -€1,194 | -25.6% |
| Suppliers | 440/4 | €4,668 | €3,474 | -€1,194 | -25.6% |
| Taxes, remuneration and social security | 45 | €24,957 | €31,512 | +€6,555 | +26.3% |
| Taxes | 450/3 | €24,957 | €23,243 | -€1,714 | -6.9% |
| Remuneration and social security | 454/9 | - | €8,269 | +€8,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €1,147 | +€676 | +144% |
| Other operating charges | 640/8 | €1,614 | €1,529 | -€85 | -5.3% |
| Gross operating margin | 9900 | €83,521 | €81,660 | -€1,861 | -2.2% |
| Operating profit (loss) | 9901 | €81,436 | €78,984 | -€2,452 | -3.0% |
| Financial income | 75/76B | €916 | €2,606 | +€1,690 | +184% |
| Recurring financial income | 75 | €916 | €2,606 | +€1,690 | +184% |
| Financial charges | 65/66B | €1,889 | €1,658 | -€231 | -12.2% |
| Recurring financial charges | 65 | €1,889 | €1,658 | -€231 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €80,463 | €79,932 | -€531 | -0.7% |
| Income taxes | 67/77 | €20,364 | €20,173 | -€191 | -0.9% |
| Profit (loss) for the period | 9904 | €60,099 | €59,759 | -€340 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,099 | €59,759 | -€340 | -0.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.