ARTEMIO: what changed
Two fiscal 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.
What changed
ARTEMIO
NACE 93.299, Other amusement and recreation activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€121,999
2024 · €316,897-€194,899
Equity
€1.2m
2024 · €1.2m+€9,298
Cash
€299,656
2024 · €279,638+€20,017
Balance sheet total
€4.4m
2024 · €5.1m-€675,539
Largest movements
Assets
- Receivables within one year -€254,993
down €254,993 (-15.9%), from €1.6m to €1.3m
of which Trade receivables: -€254,165
- Stocks and contracts -€231,862
down €231,862 (-19.4%), from €1.2m to €966,114
- Tangible fixed assets -€206,410
down €206,410 (-10.3%), from €2.0m to €1.8m
of which Leasing and similar rights: -€198,550
Equity and liabilities
- Short-term financial debts -€324,104
down €324,104 (-56.4%), from €574,266 to €250,161
- Other debts -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Debts after one year -€153,250
down €153,250 (-8.6%), from €1.8m to €1.6m
of which Financial debts: -€198,250
- Accrued charges and deferred income -€84,976
down €84,976 (-67.0%), from €126,807 to €41,831
- Advances received +€71,773
new in 2025: €71,773
Income statement
- Gross operating margin -€91,224
down €91,224 (-4.9%), from €1.9m to €1.8m
- Financial charges +€43,488
up €43,488 (+36.4%), from €119,422 to €162,910
of which Financial charges: +€36,755
- Staff costs +€33,060
up €33,060 (+2.7%), from €1.2m to €1.2m
- Taxes +€22,025
up €22,025 (+201.5%), from €10,932 to €32,958
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.
Result 2024
€316,897
Gross operating margin
-€91,224
Staff costs
-€33,060
Depreciation
-€701
Write-downs
-€361
Other operating charges
-€1,333
Other operating items
+€426
Financial income
-€3,132
Financial charges
-€43,488
Taxes
-€22,025
Result 2025
€121,999
Cash bridge derived
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.
From operations
+€629,061
Investment
-€25,099
Financing
-€583,944
Cash 2024
€279,638
From operations (derived)
+€629,061
Net result for the year
+€121,999
Depreciation
+€231,509
Stocks and contracts
+€231,862
Receivables within one year
+€254,993
Deferred charges and accrued income
+€2,291
Trade debts
+€48,379
Tax, wage and social debts
-€48,771
Advances received
+€71,773
Other debts
-€200,000
Accrued charges and deferred income
-€84,976
Investment (derived)
-€25,099
Investment in fixed assets (net)
-€25,099
Financing
-€583,944
Debts after one year
-€153,250
Current portion of long-term debt
+€6,110
Short-term financial debts
-€324,104
Contributions, distributions and other
-€112,701
Cash 2025
€299,656
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,104,906 | €4,429,367 | -€675,539 | -13.2% |
| Fixed assets | 21/28 | €1,999,284 | €1,792,874 | -€206,410 | -10.3% |
| Tangible fixed assets | 22/27 | €1,999,218 | €1,792,808 | -€206,410 | -10.3% |
| Land and buildings | 22 | €98,705 | €89,921 | -€8,784 | -8.9% |
| Plant, machinery and equipment | 23 | €7,166 | €3,903 | -€3,264 | -45.5% |
| Furniture and vehicles | 24 | €32,306 | €36,494 | +€4,187 | +13.0% |
| Leasing and similar rights | 25 | €1,861,040 | €1,662,491 | -€198,550 | -10.7% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €3,105,622 | €2,636,492 | -€469,129 | -15.1% |
| Stocks and contracts in progress | 3 | €1,197,976 | €966,114 | -€231,862 | -19.4% |
| Stocks | 30/36 | €1,197,976 | €966,114 | -€231,862 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,599,968 | €1,344,975 | -€254,993 | -15.9% |
| Trade receivables | 40 | €1,572,935 | €1,318,771 | -€254,165 | -16.2% |
| Other amounts receivable | 41 | €27,033 | €26,204 | -€829 | -3.1% |
| Cash at bank and in hand | 54/58 | €279,638 | €299,656 | +€20,017 | +7.2% |
| Deferred charges and accrued income | 490/1 | €28,039 | €25,748 | -€2,291 | -8.2% |
| Total equity and liabilities | 10/49 | €5,104,906 | €4,429,367 | -€675,539 | -13.2% |
| Equity | 10/15 | €1,206,609 | €1,215,907 | +€9,298 | +0.8% |
| Contributions | 10/11 | €562,000 | €562,000 | = | 0.0% |
| Capital | 10 | €562,000 | €562,000 | = | 0.0% |
| Issued capital | 100 | €562,000 | €562,000 | = | 0.0% |
| Reserves | 13 | €356,200 | €356,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €356,200 | €356,200 | = | 0.0% |
| Legal reserve | 130 | €56,200 | €56,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €300,000 | +€300,000 | |
| Other | 1319 | €300,000 | - | -€300,000 | |
| Profit (loss) carried forward | 14 | €169,182 | €191,181 | +€21,999 | +13.0% |
| Investment grants | 15 | €119,227 | €106,526 | -€12,701 | -10.7% |
| Amounts payable | 17/49 | €3,898,297 | €3,213,460 | -€684,837 | -17.6% |
| Amounts payable after more than one year | 17 | €1,782,791 | €1,629,541 | -€153,250 | -8.6% |
| Financial debts | 170/4 | €1,662,791 | €1,464,541 | -€198,250 | -11.9% |
| Other amounts payable | 178/9 | €120,000 | €165,000 | +€45,000 | +37.5% |
| Amounts payable within one year | 42/48 | €1,988,699 | €1,542,087 | -€446,612 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €198,250 | €204,360 | +€6,110 | +3.1% |
| Financial debts | 43 | €574,266 | €250,161 | -€324,104 | -56.4% |
| Credit institutions | 430/8 | €574,266 | €250,161 | -€324,104 | -56.4% |
| Trade debts | 44 | €725,143 | €773,522 | +€48,379 | +6.7% |
| Suppliers | 440/4 | €725,143 | €773,522 | +€48,379 | +6.7% |
| Advances received on contracts in progress | 46 | - | €71,773 | +€71,773 | |
| Taxes, remuneration and social security | 45 | €191,041 | €142,271 | -€48,771 | -25.5% |
| Taxes | 450/3 | €41,639 | €34,758 | -€6,882 | -16.5% |
| Remuneration and social security | 454/9 | €149,402 | €107,513 | -€41,889 | -28.0% |
| Other amounts payable | 47/48 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Accrued charges and deferred income | 492/3 | €126,807 | €41,831 | -€84,976 | -67.0% |
| Non-recurring operating income | 76A | €1,288 | €0 | -€1,288 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,203,217 | €1,236,277 | +€33,060 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,808 | €231,509 | +€701 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €361 | +€361 | |
| Other operating charges | 640/8 | €38,453 | €39,786 | +€1,333 | +3.5% |
| Non-recurring operating charges | 66A | €426 | €0 | -€426 | -100.0% |
| Gross operating margin | 9900 | €1,874,439 | €1,783,215 | -€91,224 | -4.9% |
| Operating profit (loss) | 9901 | €401,535 | €275,282 | -€126,253 | -31.4% |
| Financial income | 75/76B | €45,717 | €42,584 | -€3,132 | -6.9% |
| Recurring financial income | 75 | €45,717 | €42,584 | -€3,132 | -6.9% |
| Financial charges | 65/66B | €119,422 | €162,910 | +€43,488 | +36.4% |
| Recurring financial charges | 65 | €119,422 | €156,177 | +€36,755 | +30.8% |
| Non-recurring financial charges | 66B | - | €6,733 | +€6,733 | |
| Profit (loss) for the period before taxes | 9903 | €327,830 | €154,956 | -€172,873 | -52.7% |
| Income taxes | 67/77 | €10,932 | €32,958 | +€22,025 | +201.5% |
| Profit (loss) for the period | 9904 | €316,897 | €121,999 | -€194,899 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €316,897 | €121,999 | -€194,899 | -61.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.