ARTEMIS: 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.
ARTEMIS
Largest movements
- Cash -€10,229
down €10,229 (-92.6%), from €11,043 to €813
mainly Net result for the year (-€12,570) and Current portion of long-term debt (-€5,873)
- Tangible fixed assets -€4,467
down €4,467 (-3.2%), from €137,866 to €133,399
of which Land and buildings: -€4,277
- Profit (loss) carried forward -€12,570
down €12,570 (-315%), from -€3,990 to -€16,560
- Current portion of long-term debt -€5,873
no longer reported in 2024 (was €5,873)
- Tax, wage and social debts +€3,739
up €3,739 (+48.7%), from €7,683 to €11,422
of which Remuneration and social security: +€3,500
- Gross operating margin -€4,173
down €4,173 (-6,429%), from -€65 to -€4,238
- Depreciation -€3,124
down €3,124 (-41.2%), from €7,591 to €4,467
- Financial charges -€429
down €429 (-11.7%), from €3,662 to €3,233
- Taxes -€217
no longer reported in 2024 (was €217)
- Financial income +€193
new in 2024: €193
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 | €167,854 | €152,568 | -€15,286 | -9.1% |
| Fixed assets | 21/28 | €137,866 | €133,399 | -€4,467 | -3.2% |
| Tangible fixed assets | 22/27 | €137,866 | €133,399 | -€4,467 | -3.2% |
| Land and buildings | 22 | €137,676 | €133,399 | -€4,277 | -3.1% |
| Plant, machinery and equipment | 23 | €190 | - | -€190 | |
| Current assets | 29/58 | €29,988 | €19,169 | -€10,819 | -36.1% |
| Amounts receivable within one year | 40/41 | €18,946 | €18,356 | -€590 | -3.1% |
| Trade receivables | 40 | €14,720 | €18,356 | +€3,636 | +24.7% |
| Other amounts receivable | 41 | €4,226 | - | -€4,226 | |
| Cash at bank and in hand | 54/58 | €11,043 | €813 | -€10,229 | -92.6% |
| Total equity and liabilities | 10/49 | €167,854 | €152,568 | -€15,286 | -9.1% |
| Equity | 10/15 | €20,803 | €8,233 | -€12,570 | -60.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €18,596 | €18,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €16,736 | €16,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,990 | -€16,560 | -€12,570 | -315% |
| Amounts payable | 17/49 | €147,051 | €144,335 | -€2,716 | -1.8% |
| Amounts payable after more than one year | 17 | €121,708 | €121,427 | -€281 | -0.2% |
| Financial debts | 170/4 | €121,708 | €121,427 | -€281 | -0.2% |
| Amounts payable within one year | 42/48 | €25,343 | €22,908 | -€2,435 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €5,873 | - | -€5,873 | |
| Trade debts | 44 | €1,174 | €800 | -€374 | -31.9% |
| Suppliers | 440/4 | €1,174 | €800 | -€374 | -31.9% |
| Taxes, remuneration and social security | 45 | €7,683 | €11,422 | +€3,739 | +48.7% |
| Taxes | 450/3 | €2,183 | €2,422 | +€239 | +11.0% |
| Remuneration and social security | 454/9 | €5,500 | €9,000 | +€3,500 | +63.6% |
| Other amounts payable | 47/48 | €10,613 | €10,685 | +€72 | +0.7% |
| Remuneration, social security and pensions | 62 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,591 | €4,467 | -€3,124 | -41.2% |
| Other operating charges | 640/8 | €868 | €800 | -€68 | -7.8% |
| Gross operating margin | 9900 | -€65 | -€4,238 | -€4,173 | -6,429% |
| Operating profit (loss) | 9901 | -€8,524 | -€9,530 | -€1,006 | -11.8% |
| Financial income | 75/76B | - | €193 | +€193 | |
| Recurring financial income | 75 | - | €193 | +€193 | |
| Financial charges | 65/66B | €3,662 | €3,233 | -€429 | -11.7% |
| Recurring financial charges | 65 | €3,662 | €3,233 | -€429 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,186 | -€12,570 | -€384 | -3.1% |
| Income taxes | 67/77 | €217 | - | -€217 | |
| Profit (loss) for the period | 9904 | -€12,403 | -€12,570 | -€167 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,403 | -€12,570 | -€167 | -1.3% |
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.