ARTEMIS FINANCE: 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 FINANCE
Largest movements
- Current investments +€24,086
up €24,086 (+321%), from €7,500 to €31,586
- Tangible fixed assets +€17,445
up €17,445 (+821%), from €2,125 to €19,571
- Cash +€2,042
up €2,042 (+7.4%), from €27,420 to €29,463
mainly Net result for the year (+€26,036) and Debts after one year (+€10,003)
- Profit (loss) carried forward +€26,036
up €26,036 (+98.3%), from €26,490 to €52,526
- Debts after one year +€10,003
new in 2025: €10,003
- Current portion of long-term debt +€6,793
new in 2025: €6,793
- Other debts -€5,460
no longer reported in 2025 (was €5,460)
- Tax, wage and social debts +€4,744
up €4,744 (+39.7%), from €11,944 to €16,687
- Depreciation +€4,556
up €4,556 (+452%), from €1,009 to €5,565
- Other operating charges +€1,076
new in 2025: €1,076
- Financial charges +€469
up €469 (+575%), from €82 to €551
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 | €44,894 | €87,938 | +€43,045 | +95.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,125 | €19,571 | +€17,445 | +821% |
| Tangible fixed assets | 22/27 | €2,125 | €19,571 | +€17,445 | +821% |
| Furniture and vehicles | 24 | €2,125 | €19,571 | +€17,445 | +821% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €42,768 | €68,367 | +€25,599 | +59.9% |
| Amounts receivable within one year | 40/41 | €7,848 | €7,222 | -€626 | -8.0% |
| Trade receivables | 40 | €7,837 | €5,830 | -€2,006 | -25.6% |
| Other amounts receivable | 41 | €11 | €1,392 | +€1,381 | +12,440% |
| Current investments | 50/53 | €7,500 | €31,586 | +€24,086 | +321% |
| Cash at bank and in hand | 54/58 | €27,420 | €29,463 | +€2,042 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €97 | +€97 | |
| Total equity and liabilities | 10/49 | €44,894 | €87,938 | +€43,045 | +95.9% |
| Equity | 10/15 | €27,490 | €53,526 | +€26,036 | +94.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,490 | €52,526 | +€26,036 | +98.3% |
| Amounts payable | 17/49 | €17,404 | €34,412 | +€17,008 | +97.7% |
| Amounts payable after more than one year | 17 | - | €10,003 | +€10,003 | |
| Financial debts | 170/4 | - | €10,003 | +€10,003 | |
| Amounts payable within one year | 42/48 | €17,404 | €24,409 | +€7,005 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,793 | +€6,793 | |
| Trade debts | 44 | - | €929 | +€929 | |
| Suppliers | 440/4 | - | €929 | +€929 | |
| Taxes, remuneration and social security | 45 | €11,944 | €16,687 | +€4,744 | +39.7% |
| Taxes | 450/3 | €11,944 | €16,687 | +€4,744 | +39.7% |
| Other amounts payable | 47/48 | €5,460 | - | -€5,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,009 | €5,565 | +€4,556 | +452% |
| Other operating charges | 640/8 | - | €1,076 | +€1,076 | |
| Gross operating margin | 9900 | €40,805 | €40,610 | -€195 | -0.5% |
| Operating profit (loss) | 9901 | €39,796 | €33,969 | -€5,828 | -14.6% |
| Financial income | 75/76B | €23 | €215 | +€192 | +822% |
| Recurring financial income | 75 | €23 | €215 | +€192 | +822% |
| Financial charges | 65/66B | €82 | €551 | +€469 | +575% |
| Recurring financial charges | 65 | €82 | €551 | +€469 | +575% |
| Profit (loss) for the period before taxes | 9903 | €39,738 | €33,633 | -€6,105 | -15.4% |
| Income taxes | 67/77 | €7,284 | €7,597 | +€313 | +4.3% |
| Profit (loss) for the period | 9904 | €32,454 | €26,036 | -€6,418 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,454 | €26,036 | -€6,418 | -19.8% |
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 18 October 2026 via checked.be.