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
- Tangible fixed assets +€314,525
up €314,525 (+134.5%), from €233,915 to €548,440
of which Land and buildings: +€310,153
- Cash +€96,145
up €96,145 (+2380.1%), from €4,040 to €100,184
mainly Debts after one year (+€224,819) and Net result for the year (+€153,891)
- Receivables within one year +€17,395
up €17,395 (+1204.2%), from €1,445 to €18,840
of which Trade receivables: +€18,840
- Current investments -€11,819
no longer reported in 2025 (was €11,819)
- Debts after one year +€224,819
new in 2025: €224,819
- Reserves +€153,891
new in 2025: €153,891
- Tax, wage and social debts +€52,092
up €52,092 (+789.8%), from €6,595 to €58,688
- Other debts -€46,807
down €46,807 (-19.5%), from €239,690 to €192,882
- Current portion of long-term debt +€21,642
new in 2025: €21,642
- Gross operating margin +€183,731
up €183,731 (+186.1%), from €98,720 to €282,451
- Taxes +€53,029
up €53,029 (+303.6%), from €17,466 to €70,495
- Depreciation +€16,597
up €16,597 (+55.7%), from €29,805 to €46,401
- Financial charges +€9,022
up €9,022 (+1125.6%), from €802 to €9,824
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 | €251,218 | €667,780 | +€416,562 | +165.8% |
| Fixed assets | 21/28 | €233,915 | €548,440 | +€314,525 | +134.5% |
| Tangible fixed assets | 22/27 | €233,915 | €548,440 | +€314,525 | +134.5% |
| Land and buildings | 22 | €233,794 | €543,947 | +€310,153 | +132.7% |
| Furniture and vehicles | 24 | €121 | €4,493 | +€4,372 | +3625.0% |
| Current assets | 29/58 | €17,303 | €119,340 | +€102,037 | +589.7% |
| Amounts receivable within one year | 40/41 | €1,445 | €18,840 | +€17,395 | +1204.2% |
| Trade receivables | 40 | - | €18,840 | +€18,840 | |
| Other amounts receivable | 41 | €1,445 | - | -€1,445 | |
| Current investments | 50/53 | €11,819 | - | -€11,819 | |
| Cash at bank and in hand | 54/58 | €4,040 | €100,184 | +€96,145 | +2380.1% |
| Deferred charges and accrued income | 490/1 | - | €316 | +€316 | |
| Total equity and liabilities | 10/49 | €251,218 | €667,780 | +€416,562 | +165.8% |
| Equity | 10/15 | €2,500 | €156,391 | +€153,891 | +6155.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €153,891 | +€153,891 | |
| Distributable reserves | 133 | - | €153,891 | +€153,891 | |
| Amounts payable | 17/49 | €248,718 | €511,389 | +€262,671 | +105.6% |
| Amounts payable after more than one year | 17 | - | €224,819 | +€224,819 | |
| Financial debts | 170/4 | - | €224,819 | +€224,819 | |
| Amounts payable within one year | 42/48 | €247,409 | €277,768 | +€30,359 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | - | €21,642 | +€21,642 | |
| Trade debts | 44 | €1,124 | €4,556 | +€3,432 | +305.2% |
| Suppliers | 440/4 | €1,124 | €4,556 | +€3,432 | +305.2% |
| Taxes, remuneration and social security | 45 | €6,595 | €58,688 | +€52,092 | +789.8% |
| Taxes | 450/3 | €6,595 | €58,688 | +€52,092 | +789.8% |
| Other amounts payable | 47/48 | €239,690 | €192,882 | -€46,807 | -19.5% |
| Accrued charges and deferred income | 492/3 | €1,309 | €8,802 | +€7,493 | +572.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,805 | €46,401 | +€16,597 | +55.7% |
| Other operating charges | 640/8 | €1,478 | €2,102 | +€623 | +42.2% |
| Gross operating margin | 9900 | €98,720 | €282,451 | +€183,731 | +186.1% |
| Operating profit (loss) | 9901 | €67,437 | €233,948 | +€166,511 | +246.9% |
| Financial income | 75/76B | €2,904 | €262 | -€2,642 | -91.0% |
| Recurring financial income | 75 | €2,904 | €262 | -€2,642 | -91.0% |
| Financial charges | 65/66B | €802 | €9,824 | +€9,022 | +1125.6% |
| Recurring financial charges | 65 | €802 | €9,824 | +€9,022 | +1125.6% |
| Profit (loss) for the period before taxes | 9903 | €69,539 | €224,386 | +€154,847 | +222.7% |
| Income taxes | 67/77 | €17,466 | €70,495 | +€53,029 | +303.6% |
| Profit (loss) for the period | 9904 | €52,073 | €153,891 | +€101,818 | +195.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,073 | €153,891 | +€101,818 | +195.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.