ARTEMIS TRAINING: 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 TRAINING
Largest movements
- Tangible fixed assets -€20,334
down €20,334 (-85.8%), from €23,708 to €3,375
of which Furniture and vehicles: -€19,245
- Cash +€4,475
up €4,475 (+65.6%), from €6,823 to €11,298
mainly Investment in fixed assets (net) (+€19,109) and Tax, wage and social debts (+€1,251)
- Stocks and contracts +€1,518
up €1,518 (+31.8%), from €4,770 to €6,288
- Deferred charges and accrued income +€547
up €547 (+235%), from €233 to €780
- Profit (loss) carried forward -€13,822
down €13,822 (-62.8%), from -€22,016 to -€35,839
- Other debts -€2,481
down €2,481 (-7.1%), from €34,864 to €32,383
- Tax, wage and social debts +€1,251
up €1,251 (+59.4%), from €2,105 to €3,356
- Accrued charges and deferred income +€1,154
new in 2025: €1,154
- Gross operating margin -€3,283
down €3,283 (-146%), from -€2,248 to -€5,531
- Depreciation -€3,106
down €3,106 (-71.7%), from €4,330 to €1,224
- Other operating charges -€601
down €601 (-34.1%), from €1,763 to €1,162
- Taxes +€130
up €130 (+116%), from €112 to €242
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 | €35,609 | €21,815 | -€13,793 | -38.7% |
| Fixed assets | 21/28 | €23,783 | €3,450 | -€20,334 | -85.5% |
| Tangible fixed assets | 22/27 | €23,708 | €3,375 | -€20,334 | -85.8% |
| Plant, machinery and equipment | 23 | €4,464 | €3,375 | -€1,089 | -24.4% |
| Furniture and vehicles | 24 | €19,245 | - | -€19,245 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €11,826 | €18,366 | +€6,540 | +55.3% |
| Stocks and contracts in progress | 3 | €4,770 | €6,288 | +€1,518 | +31.8% |
| Stocks | 30/36 | €4,770 | €6,288 | +€1,518 | +31.8% |
| Cash at bank and in hand | 54/58 | €6,823 | €11,298 | +€4,475 | +65.6% |
| Deferred charges and accrued income | 490/1 | €233 | €780 | +€547 | +235% |
| Total equity and liabilities | 10/49 | €35,609 | €21,815 | -€13,793 | -38.7% |
| Equity | 10/15 | -€1,556 | -€15,379 | -€13,822 | -888% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,016 | -€35,839 | -€13,822 | -62.8% |
| Amounts payable | 17/49 | €37,165 | €37,194 | +€29 | +0.1% |
| Amounts payable within one year | 42/48 | €37,165 | €36,040 | -€1,124 | -3.0% |
| Trade debts | 44 | €196 | €302 | +€106 | +53.9% |
| Suppliers | 440/4 | €196 | €302 | +€106 | +53.9% |
| Taxes, remuneration and social security | 45 | €2,105 | €3,356 | +€1,251 | +59.4% |
| Taxes | 450/3 | €2,105 | €3,356 | +€1,251 | +59.4% |
| Other amounts payable | 47/48 | €34,864 | €32,383 | -€2,481 | -7.1% |
| Accrued charges and deferred income | 492/3 | - | €1,154 | +€1,154 | |
| Non-recurring operating income | 76A | €1,081 | €2,386 | +€1,305 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,330 | €1,224 | -€3,106 | -71.7% |
| Other operating charges | 640/8 | €1,763 | €1,162 | -€601 | -34.1% |
| Non-recurring operating charges | 66A | - | €5,609 | +€5,609 | |
| Gross operating margin | 9900 | -€2,248 | -€5,531 | -€3,283 | -146% |
| Operating profit (loss) | 9901 | -€8,342 | -€13,527 | -€5,185 | -62.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €45 | €54 | +€9 | +20.0% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,387 | -€13,581 | -€5,194 | -61.9% |
| Income taxes | 67/77 | €112 | €242 | +€130 | +116% |
| Profit (loss) for the period | 9904 | -€8,498 | -€13,822 | -€5,324 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,498 | -€13,822 | -€5,324 | -62.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.