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 +€205,224
up €205,224 (+49.6%), from €413,930 to €619,154
of which Land and buildings: +€167,806
- Cash -€113,022
down €113,022 (-67.3%), from €167,834 to €54,812
mainly Other debts (-€254,045) and Investment in fixed assets (net) (-€248,720)
- Receivables within one year +€34,737
up €34,737 (+15.8%), from €219,544 to €254,281
of which Other amounts receivable: +€39,237
- Reserves +€331,996
up €331,996 (+125%), from €266,371 to €598,367
- Other debts -€254,045
down €254,045 (-95.5%), from €266,131 to €12,085
- Tax, wage and social debts +€76,997
up €76,997 (+287%), from €26,782 to €103,779
- Debts after one year -€23,691
down €23,691 (-12.0%), from €197,566 to €173,875
- Gross operating margin +€346,310
up €346,310 (+237%), from €146,018 to €492,328
- Taxes +€79,958
up €79,958 (+332%), from €24,095 to €104,053
- Depreciation +€20,473
up €20,473 (+88.9%), from €23,024 to €43,497
- Other operating charges +€5,561
up €5,561 (+1,446%), from €384 to €5,945
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 | €801,308 | €928,247 | +€126,939 | +15.8% |
| Fixed assets | 21/28 | €413,930 | €619,154 | +€205,224 | +49.6% |
| Tangible fixed assets | 22/27 | €413,930 | €619,154 | +€205,224 | +49.6% |
| Land and buildings | 22 | €411,122 | €578,928 | +€167,806 | +40.8% |
| Furniture and vehicles | 24 | €2,808 | €3,148 | +€340 | +12.1% |
| Assets under construction and advance payments | 27 | - | €37,078 | +€37,078 | |
| Current assets | 29/58 | €387,378 | €309,093 | -€78,285 | -20.2% |
| Amounts receivable within one year | 40/41 | €219,544 | €254,281 | +€34,737 | +15.8% |
| Trade receivables | 40 | €4,500 | - | -€4,500 | |
| Other amounts receivable | 41 | €215,044 | €254,281 | +€39,237 | +18.2% |
| Cash at bank and in hand | 54/58 | €167,834 | €54,812 | -€113,022 | -67.3% |
| Total equity and liabilities | 10/49 | €801,308 | €928,247 | +€126,939 | +15.8% |
| Equity | 10/15 | €270,371 | €602,367 | +€331,996 | +123% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €266,371 | €598,367 | +€331,996 | +125% |
| Distributable reserves | 133 | €266,371 | €598,367 | +€331,996 | +125% |
| Amounts payable | 17/49 | €530,937 | €325,880 | -€205,057 | -38.6% |
| Amounts payable after more than one year | 17 | €197,566 | €173,875 | -€23,691 | -12.0% |
| Financial debts | 170/4 | €197,566 | €173,875 | -€23,691 | -12.0% |
| Amounts payable within one year | 42/48 | €333,370 | €152,005 | -€181,366 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €22,862 | €23,691 | +€830 | +3.6% |
| Trade debts | 44 | €17,596 | €12,449 | -€5,147 | -29.3% |
| Suppliers | 440/4 | €17,596 | €12,449 | -€5,147 | -29.3% |
| Taxes, remuneration and social security | 45 | €26,782 | €103,779 | +€76,997 | +287% |
| Taxes | 450/3 | €26,782 | €103,779 | +€76,997 | +287% |
| Other amounts payable | 47/48 | €266,131 | €12,085 | -€254,045 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,024 | €43,497 | +€20,473 | +88.9% |
| Other operating charges | 640/8 | €384 | €5,945 | +€5,561 | +1,446% |
| Gross operating margin | 9900 | €146,018 | €492,328 | +€346,310 | +237% |
| Operating profit (loss) | 9901 | €122,609 | €442,886 | +€320,277 | +261% |
| Financial income | 75/76B | €2,552 | €916 | -€1,637 | -64.1% |
| Recurring financial income | 75 | €2,552 | €916 | -€1,637 | -64.1% |
| Financial charges | 65/66B | €8,421 | €7,753 | -€668 | -7.9% |
| Recurring financial charges | 65 | €8,421 | €7,753 | -€668 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €116,741 | €436,049 | +€319,308 | +274% |
| Income taxes | 67/77 | €24,095 | €104,053 | +€79,958 | +332% |
| Profit (loss) for the period | 9904 | €92,646 | €331,996 | +€239,350 | +258% |
| Profit (loss) for the period to be appropriated | 9905 | €92,646 | €331,996 | +€239,350 | +258% |
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 25 October 2026 via checked.be.