ARTEMIS ONE: 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 ONE
Largest movements
- Receivables within one year -€39,563
down €39,563 (-35.9%), from €110,050 to €70,487
- Cash -€12,150
down €12,150 (-30.0%), from €40,550 to €28,400
mainly Net result for the year (-€35,184) and Tax, wage and social debts (-€14,460)
- Deferred charges and accrued income -€3,017
down €3,017 (-67.8%), from €4,448 to €1,431
- Tangible fixed assets -€1,953
down €1,953 (-52.9%), from €3,688 to €1,735
- Profit (loss) carried forward -€35,184
down €35,184 (-469.5%), from -€7,493 to -€42,677
- Tax, wage and social debts -€14,460
down €14,460 (-57.3%), from €25,245 to €10,784
of which Taxes: -€14,460
- Trade debts -€11,552
down €11,552 (-66.1%), from €17,473 to €5,921
- Other debts +€4,515
up €4,515 (+375.1%), from €1,204 to €5,718
- Contributions +€2,200
up €2,200 (+15.0%), from €14,667 to €16,867
- Gross operating margin -€26,670
down €26,670 (-648.7%), from -€4,111 to -€30,781
- Depreciation +€917
up €917 (+88.6%), from €1,035 to €1,953
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.
Cash bridge derived
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 | €158,810 | €102,128 | -€56,682 | -35.7% |
| Fixed assets | 21/28 | €3,763 | €1,810 | -€1,953 | -51.9% |
| Tangible fixed assets | 22/27 | €3,688 | €1,735 | -€1,953 | -52.9% |
| Furniture and vehicles | 24 | €3,688 | €1,735 | -€1,953 | -52.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €155,048 | €100,318 | -€54,729 | -35.3% |
| Amounts receivable within one year | 40/41 | €110,050 | €70,487 | -€39,563 | -35.9% |
| Trade receivables | 40 | €110,050 | €70,487 | -€39,563 | -35.9% |
| Cash at bank and in hand | 54/58 | €40,550 | €28,400 | -€12,150 | -30.0% |
| Deferred charges and accrued income | 490/1 | €4,448 | €1,431 | -€3,017 | -67.8% |
| Total equity and liabilities | 10/49 | €158,810 | €102,128 | -€56,682 | -35.7% |
| Equity | 10/15 | €114,889 | €79,705 | -€35,184 | -30.6% |
| Contributions | 10/11 | €14,667 | €16,867 | +€2,200 | +15.0% |
| Reserves | 13 | €107,715 | €105,515 | -€2,200 | -2.0% |
| Distributable reserves | 133 | €107,715 | €105,515 | -€2,200 | -2.0% |
| Profit (loss) carried forward | 14 | -€7,493 | -€42,677 | -€35,184 | -469.5% |
| Amounts payable | 17/49 | €43,922 | €22,423 | -€21,498 | -48.9% |
| Amounts payable within one year | 42/48 | €43,922 | €22,423 | -€21,498 | -48.9% |
| Trade debts | 44 | €17,473 | €5,921 | -€11,552 | -66.1% |
| Suppliers | 440/4 | €17,473 | €5,921 | -€11,552 | -66.1% |
| Taxes, remuneration and social security | 45 | €25,245 | €10,784 | -€14,460 | -57.3% |
| Taxes | 450/3 | €22,745 | €8,284 | -€14,460 | -63.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,204 | €5,718 | +€4,515 | +375.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,035 | €1,953 | +€917 | +88.6% |
| Other operating charges | 640/8 | €959 | €1,135 | +€176 | +18.3% |
| Gross operating margin | 9900 | -€4,111 | -€30,781 | -€26,670 | -648.7% |
| Operating profit (loss) | 9901 | -€6,106 | -€33,869 | -€27,763 | -454.7% |
| Financial income | 75/76B | €20 | €269 | +€249 | +1246.4% |
| Recurring financial income | 75 | €20 | €269 | +€249 | +1246.4% |
| Financial charges | 65/66B | €601 | €811 | +€210 | +35.0% |
| Recurring financial charges | 65 | €601 | €811 | +€210 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,687 | -€34,411 | -€27,725 | -414.6% |
| Income taxes | 67/77 | €809 | €772 | -€36 | -4.5% |
| Profit (loss) for the period | 9904 | -€7,496 | -€35,184 | -€27,688 | -369.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,496 | -€35,184 | -€27,688 | -369.4% |
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 10 October 2026 via checked.be.