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
- Receivables within one year +€12,016
up €12,016 (+73.7%), from €16,297 to €28,313
- Tangible fixed assets +€1,474
up €1,474 (+74.0%), from €1,992 to €3,466
of which Plant, machinery and equipment: +€1,107
- Trade debts +€16,305
up €16,305 (+1,175%), from €1,388 to €17,694
- Other debts -€16,148
down €16,148 (-50.8%), from €31,778 to €15,629
- Profit (loss) carried forward +€9,965
up €9,965 (+24.5%), from -€40,740 to -€30,775
- Tax, wage and social debts +€5,055
up €5,055 (+86.0%), from €5,881 to €10,936
- Current portion of long-term debt -€1,743
down €1,743 (-100%), from €1,743 to €0
- Depreciation -€12,716
down €12,716 (-89.1%), from €14,278 to €1,562
- Gross operating margin +€5,786
up €5,786 (+36.9%), from €15,669 to €21,455
- Taxes +€2,153
up €2,153 (+79.9%), from €2,693 to €4,846
- Financial charges +€1,939
up €1,939 (+212%), from €912 to €2,851
- Other operating charges +€1,461
up €1,461 (+190%), from €770 to €2,232
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 | €18,600 | €32,107 | +€13,508 | +72.6% |
| Fixed assets | 21/28 | €1,992 | €3,466 | +€1,474 | +74.0% |
| Tangible fixed assets | 22/27 | €1,992 | €3,466 | +€1,474 | +74.0% |
| Plant, machinery and equipment | 23 | €1,992 | €3,099 | +€1,107 | +55.6% |
| Furniture and vehicles | 24 | - | €367 | +€367 | |
| Current assets | 29/58 | €16,607 | €28,641 | +€12,034 | +72.5% |
| Amounts receivable within one year | 40/41 | €16,297 | €28,313 | +€12,016 | +73.7% |
| Trade receivables | 40 | €16,297 | €28,313 | +€12,016 | +73.7% |
| Cash at bank and in hand | 54/58 | €38 | €0 | -€38 | -100% |
| Deferred charges and accrued income | 490/1 | €272 | €328 | +€56 | +20.6% |
| Total equity and liabilities | 10/49 | €18,600 | €32,107 | +€13,508 | +72.6% |
| Equity | 10/15 | -€22,190 | -€12,225 | +€9,965 | +44.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,740 | -€30,775 | +€9,965 | +24.5% |
| Amounts payable | 17/49 | €40,790 | €44,332 | +€3,543 | +8.7% |
| Amounts payable within one year | 42/48 | €40,790 | €44,332 | +€3,543 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €1,743 | €0 | -€1,743 | -100% |
| Financial debts | 43 | - | €73 | +€73 | |
| Credit institutions | 430/8 | - | €73 | +€73 | |
| Trade debts | 44 | €1,388 | €17,694 | +€16,305 | +1,175% |
| Suppliers | 440/4 | €1,388 | €17,694 | +€16,305 | +1,175% |
| Taxes, remuneration and social security | 45 | €5,881 | €10,936 | +€5,055 | +86.0% |
| Taxes | 450/3 | €5,881 | €10,936 | +€5,055 | +86.0% |
| Other amounts payable | 47/48 | €31,778 | €15,629 | -€16,148 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,278 | €1,562 | -€12,716 | -89.1% |
| Other operating charges | 640/8 | €770 | €2,232 | +€1,461 | +190% |
| Gross operating margin | 9900 | €15,669 | €21,455 | +€5,786 | +36.9% |
| Operating profit (loss) | 9901 | €621 | €17,661 | +€17,041 | +2,746% |
| Financial charges | 65/66B | €912 | €2,851 | +€1,939 | +212% |
| Recurring financial charges | 65 | €912 | €2,851 | +€1,939 | +212% |
| Profit (loss) for the period before taxes | 9903 | -€292 | €14,811 | +€15,102 | |
| Income taxes | 67/77 | €2,693 | €4,846 | +€2,153 | +79.9% |
| Profit (loss) for the period | 9904 | -€2,985 | €9,965 | +€12,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,985 | €9,965 | +€12,950 |
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 16 October 2026 via checked.be.