Artemis 95: 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 95
Largest movements
- Tangible fixed assets -€7,687
down €7,687 (-20.6%), from €37,288 to €29,601
of which Leasing and similar rights: -€7,284
- Cash -€3,881
down €3,881 (-17.0%), from €22,827 to €18,946
mainly Tax, wage and social debts (-€5,907) and Debts after one year (-€5,482)
- Receivables within one year +€1,153
up €1,153 (+61.2%), from €1,885 to €3,038
of which Other amounts receivable: +€913
- Tax, wage and social debts -€5,907
down €5,907 (-100.0%), from €5,907 to €0
- Debts after one year -€5,482
down €5,482 (-23.2%), from €23,675 to €18,193
- Current portion of long-term debt -€4,795
down €4,795 (-37.6%), from €12,763 to €7,968
- Reserves +€4,454
up €4,454 (+32.4%), from €13,764 to €18,218
- Trade debts +€1,785
up €1,785 (+82.8%), from €2,154 to €3,939
- Depreciation +€7,326
up €7,326 (+2026.1%), from €362 to €7,687
- Gross operating margin -€2,722
down €2,722 (-13.2%), from €20,644 to €17,921
- Taxes -€1,782
down €1,782 (-31.5%), from €5,656 to €3,874
- Financial charges +€1,023
up €1,023 (+1111.0%), from €92 to €1,115
- Other operating charges +€894
new in 2025: €894
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 | €64,174 | €53,489 | -€10,686 | -16.7% |
| Fixed assets | 21/28 | €37,288 | €29,601 | -€7,687 | -20.6% |
| Tangible fixed assets | 22/27 | €37,288 | €29,601 | -€7,687 | -20.6% |
| Plant, machinery and equipment | 23 | €870 | €467 | -€404 | -46.4% |
| Leasing and similar rights | 25 | €36,418 | €29,134 | -€7,284 | -20.0% |
| Current assets | 29/58 | €26,886 | €23,888 | -€2,998 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,885 | €3,038 | +€1,153 | +61.2% |
| Trade receivables | 40 | €250 | €490 | +€240 | +96.1% |
| Other amounts receivable | 41 | €1,635 | €2,548 | +€913 | +55.8% |
| Cash at bank and in hand | 54/58 | €22,827 | €18,946 | -€3,881 | -17.0% |
| Deferred charges and accrued income | 490/1 | €2,175 | €1,903 | -€271 | -12.5% |
| Total equity and liabilities | 10/49 | €64,174 | €53,489 | -€10,686 | -16.7% |
| Equity | 10/15 | €18,764 | €23,218 | +€4,454 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,764 | €18,218 | +€4,454 | +32.4% |
| Distributable reserves | 133 | €13,764 | €18,218 | +€4,454 | +32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,410 | €30,271 | -€15,139 | -33.3% |
| Amounts payable after more than one year | 17 | €23,675 | €18,193 | -€5,482 | -23.2% |
| Financial debts | 170/4 | €23,675 | €18,193 | -€5,482 | -23.2% |
| Amounts payable within one year | 42/48 | €21,593 | €12,078 | -€9,515 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €12,763 | €7,968 | -€4,795 | -37.6% |
| Financial debts | 43 | €683 | €171 | -€511 | -74.9% |
| Credit institutions | 430/8 | €683 | €171 | -€511 | -74.9% |
| Trade debts | 44 | €2,154 | €3,939 | +€1,785 | +82.8% |
| Suppliers | 440/4 | €2,154 | €3,939 | +€1,785 | +82.8% |
| Taxes, remuneration and social security | 45 | €5,907 | €0 | -€5,907 | -100.0% |
| Taxes | 450/3 | €5,907 | €0 | -€5,907 | -100.0% |
| Other amounts payable | 47/48 | €86 | €0 | -€86 | -100.0% |
| Accrued charges and deferred income | 492/3 | €142 | €0 | -€142 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €7,687 | +€7,326 | +2026.1% |
| Other operating charges | 640/8 | - | €894 | +€894 | |
| Gross operating margin | 9900 | €20,644 | €17,921 | -€2,722 | -13.2% |
| Operating profit (loss) | 9901 | €20,282 | €9,340 | -€10,942 | -53.9% |
| Financial income | 75/76B | €63 | €103 | +€40 | +63.1% |
| Recurring financial income | 75 | €63 | €103 | +€40 | +63.1% |
| Financial charges | 65/66B | €92 | €1,115 | +€1,023 | +1111.0% |
| Recurring financial charges | 65 | €92 | €1,115 | +€1,023 | +1111.0% |
| Profit (loss) for the period before taxes | 9903 | €20,253 | €8,327 | -€11,926 | -58.9% |
| Income taxes | 67/77 | €5,656 | €3,874 | -€1,782 | -31.5% |
| Profit (loss) for the period | 9904 | €14,597 | €4,454 | -€10,144 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,597 | €4,454 | -€10,144 | -69.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.