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
- Tangible fixed assets -€8,778
down €8,778 (-36.7%), from €23,910 to €15,132
of which Furniture and vehicles: -€8,128
- Receivables within one year +€8,059
up €8,059 (+32.9%), from €24,477 to €32,537
of which Trade receivables: +€7,982
- Cash +€804
up €804 (+14.8%), from €5,426 to €6,230
mainly Depreciation (+€8,778) and Net result for the year (+€5,529)
- Debts after one year -€6,462
no longer reported in 2025 (was €6,462)
- Reserves +€4,699
new in 2025: €4,699
- Trade debts +€2,346
up €2,346 (+123.6%), from €1,897 to €4,243
- Other debts -€1,017
no longer reported in 2025 (was €1,017)
- Profit (loss) carried forward +€830
up €830 (+3.4%), from €24,460 to €25,290
- Taxes +€1,342
up €1,342 (+40.4%), from €3,320 to €4,663
- Financial charges -€452
down €452 (-37.6%), from €1,201 to €750
- Other operating charges -€353
down €353 (-26.6%), from €1,326 to €974
- Gross operating margin +€240
up €240 (+1.2%), from €20,453 to €20,693
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 | €55,550 | €55,716 | +€166 | +0.3% |
| Fixed assets | 21/28 | €23,910 | €15,132 | -€8,778 | -36.7% |
| Tangible fixed assets | 22/27 | €23,910 | €15,132 | -€8,778 | -36.7% |
| Plant, machinery and equipment | 23 | €997 | €346 | -€651 | -65.3% |
| Furniture and vehicles | 24 | €22,913 | €14,786 | -€8,128 | -35.5% |
| Current assets | 29/58 | €31,640 | €40,584 | +€8,945 | +28.3% |
| Amounts receivable within one year | 40/41 | €24,477 | €32,537 | +€8,059 | +32.9% |
| Trade receivables | 40 | €24,474 | €32,456 | +€7,982 | +32.6% |
| Other amounts receivable | 41 | €4 | €81 | +€77 | +2077.5% |
| Cash at bank and in hand | 54/58 | €5,426 | €6,230 | +€804 | +14.8% |
| Deferred charges and accrued income | 490/1 | €1,736 | €1,818 | +€81 | +4.7% |
| Total equity and liabilities | 10/49 | €55,550 | €55,716 | +€166 | +0.3% |
| Equity | 10/15 | €27,460 | €32,989 | +€5,529 | +20.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €4,699 | +€4,699 | |
| Distributable reserves | 133 | - | €4,699 | +€4,699 | |
| Profit (loss) carried forward | 14 | €24,460 | €25,290 | +€830 | +3.4% |
| Amounts payable | 17/49 | €28,089 | €22,727 | -€5,363 | -19.1% |
| Amounts payable after more than one year | 17 | €6,462 | - | -€6,462 | |
| Financial debts | 170/4 | €6,462 | - | -€6,462 | |
| Amounts payable within one year | 42/48 | €18,547 | €19,207 | +€660 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €6,692 | €6,462 | -€229 | -3.4% |
| Trade debts | 44 | €1,897 | €4,243 | +€2,346 | +123.6% |
| Suppliers | 440/4 | €1,897 | €4,243 | +€2,346 | +123.6% |
| Taxes, remuneration and social security | 45 | €8,942 | €8,502 | -€440 | -4.9% |
| Taxes | 450/3 | €8,942 | €8,502 | -€440 | -4.9% |
| Other amounts payable | 47/48 | €1,017 | - | -€1,017 | |
| Accrued charges and deferred income | 492/3 | €3,080 | €3,520 | +€440 | +14.3% |
| Remuneration, social security and pensions | 62 | €76 | - | -€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,778 | €8,778 | = | 0.0% |
| Other operating charges | 640/8 | €1,326 | €974 | -€353 | -26.6% |
| Gross operating margin | 9900 | €20,453 | €20,693 | +€240 | +1.2% |
| Operating profit (loss) | 9901 | €10,272 | €10,941 | +€669 | +6.5% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,201 | €750 | -€452 | -37.6% |
| Recurring financial charges | 65 | €1,201 | €750 | -€452 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €9,079 | €10,192 | +€1,113 | +12.3% |
| Income taxes | 67/77 | €3,320 | €4,663 | +€1,342 | +40.4% |
| Profit (loss) for the period | 9904 | €5,758 | €5,529 | -€230 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,758 | €5,529 | -€230 | -4.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.