ARTEMIS BENELUX: 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 BENELUX
Largest movements
- Cash -€20,058
down €20,058 (-46.7%), from €42,950 to €22,892
mainly Net result for the year (-€30,698) and Investment in fixed assets (net) (-€3,954)
- Tangible fixed assets -€4,945
down €4,945 (-10.1%), from €49,046 to €44,101
of which Furniture and vehicles: -€4,679
- Profit (loss) carried forward -€30,698
down €30,698 (-35.4%), from -€86,827 to -€117,525
- Tax, wage and social debts +€5,033
new in 2025: €5,033
- Depreciation -€23,698
down €23,698 (-72.7%), from €32,597 to €8,899
- Other operating charges +€9,291
up €9,291 (+6,093%), from €152 to €9,443
- Gross operating margin +€6,545
up €6,545 (+35.0%), from -€18,683 to -€12,138
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 | €97,306 | €71,786 | -€25,520 | -26.2% |
| Fixed assets | 21/28 | €49,046 | €44,101 | -€4,945 | -10.1% |
| Tangible fixed assets | 22/27 | €49,046 | €44,101 | -€4,945 | -10.1% |
| Furniture and vehicles | 24 | €48,780 | €44,101 | -€4,679 | -9.6% |
| Other tangible fixed assets | 26 | €267 | - | -€267 | |
| Current assets | 29/58 | €48,259 | €27,685 | -€20,574 | -42.6% |
| Stocks and contracts in progress | 3 | €3,190 | €3,190 | = | 0.0% |
| Stocks | 30/36 | €3,190 | €3,190 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,069 | €601 | -€468 | -43.8% |
| Other amounts receivable | 41 | €1,069 | €601 | -€468 | -43.8% |
| Cash at bank and in hand | 54/58 | €42,950 | €22,892 | -€20,058 | -46.7% |
| Deferred charges and accrued income | 490/1 | €1,051 | €1,002 | -€48 | -4.6% |
| Total equity and liabilities | 10/49 | €97,306 | €71,786 | -€25,520 | -26.2% |
| Equity | 10/15 | -€16,166 | -€46,864 | -€30,698 | -190% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,662 | €8,662 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,462 | €2,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,827 | -€117,525 | -€30,698 | -35.4% |
| Amounts payable | 17/49 | €113,472 | €118,650 | +€5,178 | +4.6% |
| Amounts payable after more than one year | 17 | €113,260 | €113,012 | -€248 | -0.2% |
| Financial debts | 170/4 | €113,260 | €113,012 | -€248 | -0.2% |
| Amounts payable within one year | 42/48 | €212 | €5,638 | +€5,426 | +2,563% |
| Trade debts | 44 | €212 | €605 | +€393 | +186% |
| Suppliers | 440/4 | €212 | €605 | +€393 | +186% |
| Taxes, remuneration and social security | 45 | - | €5,033 | +€5,033 | |
| Taxes | 450/3 | - | €5,033 | +€5,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,597 | €8,899 | -€23,698 | -72.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €159 | - | -€159 | |
| Other operating charges | 640/8 | €152 | €9,443 | +€9,291 | +6,093% |
| Gross operating margin | 9900 | -€18,683 | -€12,138 | +€6,545 | +35.0% |
| Operating profit (loss) | 9901 | -€51,591 | -€30,480 | +€21,111 | +40.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €239 | €218 | -€21 | -8.6% |
| Recurring financial charges | 65 | €239 | €218 | -€21 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€51,830 | -€30,698 | +€21,132 | +40.8% |
| Profit (loss) for the period | 9904 | -€51,830 | -€30,698 | +€21,132 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,830 | -€30,698 | +€21,132 | +40.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.