ARTEMIS: 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.
ARTEMIS
Largest movements
- Receivables within one year +€8,247
up €8,247 (+48.6%), from €16,985 to €25,232
of which Trade receivables: +€14,020
- Cash -€3,983
down €3,983 (-98.7%), from €4,034 to €50
mainly Receivables within one year (-€8,247) and Investment in fixed assets (net) (-€3,258)
- Tangible fixed assets +€2,414
up €2,414 (+163.8%), from €1,474 to €3,887
- Trade debts +€3,438
up €3,438 (+10078.1%), from €34 to €3,472
- Profit (loss) carried forward +€3,083
up €3,083, from -€2,031 to €1,051
- Gross operating margin +€9,192
up €9,192, from -€3,572 to €5,619
- Financial charges +€578
up €578 (+213.4%), from €271 to €849
- Financial income -€396
down €396 (-34.2%), from €1,160 to €764
- Depreciation +€246
up €246 (+41.2%), from €598 to €845
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,552 | €29,230 | +€6,678 | +29.6% |
| Fixed assets | 21/28 | €1,534 | €3,947 | +€2,414 | +157.4% |
| Tangible fixed assets | 22/27 | €1,474 | €3,887 | +€2,414 | +163.8% |
| Plant, machinery and equipment | 23 | €1,474 | €3,887 | +€2,414 | +163.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €21,019 | €25,283 | +€4,264 | +20.3% |
| Amounts receivable within one year | 40/41 | €16,985 | €25,232 | +€8,247 | +48.6% |
| Trade receivables | 40 | - | €14,020 | +€14,020 | |
| Other amounts receivable | 41 | €16,985 | €11,212 | -€5,773 | -34.0% |
| Cash at bank and in hand | 54/58 | €4,034 | €50 | -€3,983 | -98.7% |
| Total equity and liabilities | 10/49 | €22,552 | €29,230 | +€6,678 | +29.6% |
| Equity | 10/15 | €21,329 | €24,411 | +€3,083 | +14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,768 | €4,768 | = | 0.0% |
| Distributable reserves | 133 | €4,768 | €4,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,031 | €1,051 | +€3,083 | |
| Amounts payable | 17/49 | €1,223 | €4,819 | +€3,595 | +293.9% |
| Amounts payable within one year | 42/48 | €1,223 | €4,819 | +€3,595 | +293.9% |
| Trade debts | 44 | €34 | €3,472 | +€3,438 | +10078.1% |
| Suppliers | 440/4 | €34 | €3,472 | +€3,438 | +10078.1% |
| Taxes, remuneration and social security | 45 | €1,189 | €1,347 | +€158 | +13.2% |
| Taxes | 450/3 | €1,189 | €1,347 | +€158 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €845 | +€246 | +41.2% |
| Other operating charges | 640/8 | €1,163 | €1,133 | -€30 | -2.6% |
| Gross operating margin | 9900 | -€3,572 | €5,619 | +€9,192 | |
| Operating profit (loss) | 9901 | -€5,334 | €3,642 | +€8,976 | |
| Financial income | 75/76B | €1,160 | €764 | -€396 | -34.2% |
| Recurring financial income | 75 | €1,160 | €764 | -€396 | -34.2% |
| Financial charges | 65/66B | €271 | €849 | +€578 | +213.4% |
| Recurring financial charges | 65 | €271 | €849 | +€578 | +213.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,445 | €3,556 | +€8,001 | |
| Income taxes | 67/77 | €474 | €474 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,918 | €3,083 | +€8,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,918 | €3,083 | +€8,001 |
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 4 October 2026 via checked.be.