ARTEMIS REAL ESTATES: 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 REAL ESTATES
Largest movements
- Receivables after one year -€10,000
down €10,000 (-8.7%), from €115,000 to €105,000
- Receivables within one year -€7,147
down €7,147 (-18.9%), from €37,720 to €30,574
- Deferred charges and accrued income +€3,637
up €3,637 (+163%), from €2,226 to €5,863
- Trade debts -€17,787
down €17,787 (-31.1%), from €57,105 to €39,318
- Advances received +€7,231
up €7,231 (+133%), from €5,445 to €12,676
- Tax, wage and social debts -€5,620
down €5,620 (-23.7%), from €23,733 to €18,113
- Reserves +€1,989
up €1,989 (+17.5%), from €11,352 to €13,340
- Gross operating margin -€9,938
down €9,938 (-35.5%), from €28,033 to €18,095
- Other operating charges +€4,371
up €4,371 (+123%), from €3,550 to €7,921
- Taxes -€4,351
down €4,351 (-55.5%), from €7,837 to €3,486
- Financial income +€1,838
up €1,838 (+91.3%), from €2,013 to €3,850
- Depreciation +€618
up €618 (+61.0%), from €1,013 to €1,631
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 | €160,947 | €145,681 | -€15,266 | -9.5% |
| Fixed assets | 21/28 | €4,496 | €3,649 | -€847 | -18.8% |
| Tangible fixed assets | 22/27 | €4,496 | €3,649 | -€847 | -18.8% |
| Furniture and vehicles | 24 | €4,496 | €3,649 | -€847 | -18.8% |
| Current assets | 29/58 | €156,451 | €142,032 | -€14,419 | -9.2% |
| Amounts receivable after more than one year | 29 | €115,000 | €105,000 | -€10,000 | -8.7% |
| Other amounts receivable | 291 | €115,000 | €105,000 | -€10,000 | -8.7% |
| Amounts receivable within one year | 40/41 | €37,720 | €30,574 | -€7,147 | -18.9% |
| Trade receivables | 40 | €37,720 | €30,574 | -€7,147 | -18.9% |
| Cash at bank and in hand | 54/58 | €1,505 | €596 | -€910 | -60.4% |
| Deferred charges and accrued income | 490/1 | €2,226 | €5,863 | +€3,637 | +163% |
| Total equity and liabilities | 10/49 | €160,947 | €145,681 | -€15,266 | -9.5% |
| Equity | 10/15 | €72,517 | €74,505 | +€1,989 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €11,352 | €13,340 | +€1,989 | +17.5% |
| Distributable reserves | 133 | €11,352 | €13,340 | +€1,989 | +17.5% |
| Profit (loss) carried forward | 14 | €41,165 | €41,165 | = | 0.0% |
| Amounts payable | 17/49 | €88,430 | €71,176 | -€17,254 | -19.5% |
| Amounts payable within one year | 42/48 | €88,430 | €71,176 | -€17,254 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €1,490 | - | -€1,490 | |
| Trade debts | 44 | €57,105 | €39,318 | -€17,787 | -31.1% |
| Suppliers | 440/4 | €57,105 | €39,318 | -€17,787 | -31.1% |
| Advances received on contracts in progress | 46 | €5,445 | €12,676 | +€7,231 | +133% |
| Taxes, remuneration and social security | 45 | €23,733 | €18,113 | -€5,620 | -23.7% |
| Taxes | 450/3 | €23,733 | €18,113 | -€5,620 | -23.7% |
| Other amounts payable | 47/48 | €657 | €1,069 | +€412 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €1,631 | +€618 | +61.0% |
| Other operating charges | 640/8 | €3,550 | €7,921 | +€4,371 | +123% |
| Gross operating margin | 9900 | €28,033 | €18,095 | -€9,938 | -35.5% |
| Operating profit (loss) | 9901 | €23,471 | €8,544 | -€14,927 | -63.6% |
| Financial income | 75/76B | €2,013 | €3,850 | +€1,838 | +91.3% |
| Recurring financial income | 75 | €2,013 | €3,850 | +€1,838 | +91.3% |
| Financial charges | 65/66B | €6,294 | €6,086 | -€209 | -3.3% |
| Recurring financial charges | 65 | €6,294 | €6,086 | -€209 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €19,189 | €6,308 | -€12,881 | -67.1% |
| Income taxes | 67/77 | €7,837 | €3,486 | -€4,351 | -55.5% |
| Profit (loss) for the period | 9904 | €11,352 | €2,822 | -€8,530 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,352 | €2,822 | -€8,530 | -75.1% |
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 16 October 2026 via checked.be.