ARTEMIS F.U.: 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 F.U.
Largest movements
- Cash +€44,599
up €44,599 (+38.9%), from €114,741 to €159,339
mainly Depreciation (+€24,881) and Net result for the year (+€15,249)
- Tangible fixed assets -€23,253
down €23,253 (-31.3%), from €74,310 to €51,057
- Receivables within one year -€3,419
down €3,419 (-15.1%), from €22,622 to €19,203
of which Other amounts receivable: -€5,715
- Reserves +€40,460
up €40,460 (+103%), from €39,225 to €79,685
- Profit (loss) carried forward -€25,211
down €25,211 (-100%), from €25,211 to €0
- Trade debts +€12,855
up €12,855 (+21.6%), from €59,388 to €72,243
- Current portion of long-term debt -€6,295
down €6,295 (-56.8%), from €11,076 to €4,781
- Debts after one year -€4,781
down €4,781 (-51.3%), from €9,321 to €4,540
- Gross operating margin -€9,202
down €9,202 (-2.7%), from €334,671 to €325,468
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 | €243,204 | €261,671 | +€18,467 | +7.6% |
| Fixed assets | 21/28 | €74,710 | €51,259 | -€23,451 | -31.4% |
| Intangible fixed assets | 21 | €401 | €202 | -€198 | -49.5% |
| Tangible fixed assets | 22/27 | €74,310 | €51,057 | -€23,253 | -31.3% |
| Land and buildings | 22 | €21,816 | €19,117 | -€2,699 | -12.4% |
| Plant, machinery and equipment | 23 | €10,039 | €6,077 | -€3,962 | -39.5% |
| Furniture and vehicles | 24 | €36,790 | €25,864 | -€10,926 | -29.7% |
| Leasing and similar rights | 25 | €5,666 | €0 | -€5,666 | -100% |
| Current assets | 29/58 | €168,493 | €210,411 | +€41,918 | +24.9% |
| Stocks and contracts in progress | 3 | €28,035 | €28,110 | +€75 | +0.3% |
| Stocks | 30/36 | €28,035 | €28,110 | +€75 | +0.3% |
| Amounts receivable within one year | 40/41 | €22,622 | €19,203 | -€3,419 | -15.1% |
| Trade receivables | 40 | €6,928 | €9,224 | +€2,296 | +33.1% |
| Other amounts receivable | 41 | €15,694 | €9,979 | -€5,715 | -36.4% |
| Cash at bank and in hand | 54/58 | €114,741 | €159,339 | +€44,599 | +38.9% |
| Deferred charges and accrued income | 490/1 | €3,095 | €3,758 | +€663 | +21.4% |
| Total equity and liabilities | 10/49 | €243,204 | €261,671 | +€18,467 | +7.6% |
| Equity | 10/15 | €83,037 | €98,285 | +€15,249 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,225 | €79,685 | +€40,460 | +103% |
| Distributable reserves | 133 | €39,225 | €79,685 | +€40,460 | +103% |
| Profit (loss) carried forward | 14 | €25,211 | €0 | -€25,211 | -100% |
| Amounts payable | 17/49 | €160,167 | €163,385 | +€3,218 | +2.0% |
| Amounts payable after more than one year | 17 | €9,321 | €4,540 | -€4,781 | -51.3% |
| Financial debts | 170/4 | €9,321 | €4,540 | -€4,781 | -51.3% |
| Amounts payable within one year | 42/48 | €150,846 | €158,845 | +€7,999 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €11,076 | €4,781 | -€6,295 | -56.8% |
| Trade debts | 44 | €59,388 | €72,243 | +€12,855 | +21.6% |
| Suppliers | 440/4 | €59,388 | €72,243 | +€12,855 | +21.6% |
| Taxes, remuneration and social security | 45 | €41,147 | €42,586 | +€1,439 | +3.5% |
| Taxes | 450/3 | €2,704 | €3,378 | +€674 | +24.9% |
| Remuneration and social security | 454/9 | €38,442 | €39,208 | +€765 | +2.0% |
| Other amounts payable | 47/48 | €39,236 | €39,236 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €268,788 | €271,777 | +€2,989 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,867 | €24,881 | +€15 | +0.1% |
| Other operating charges | 640/8 | €3,576 | €891 | -€2,685 | -75.1% |
| Gross operating margin | 9900 | €334,671 | €325,468 | -€9,202 | -2.7% |
| Operating profit (loss) | 9901 | €37,440 | €27,919 | -€9,521 | -25.4% |
| Financial income | 75/76B | €30 | €50 | +€20 | +67.7% |
| Recurring financial income | 75 | €30 | €50 | +€20 | +67.7% |
| Financial charges | 65/66B | €5,966 | €5,678 | -€288 | -4.8% |
| Recurring financial charges | 65 | €5,966 | €5,678 | -€288 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €31,503 | €22,290 | -€9,213 | -29.2% |
| Income taxes | 67/77 | €5,480 | €7,041 | +€1,562 | +28.5% |
| Profit (loss) for the period | 9904 | €26,023 | €15,249 | -€10,775 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,023 | €15,249 | -€10,775 | -41.4% |
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 27 October 2026 via checked.be.