ARTEMISIA: what changed
Two fiscal 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.
ARTEMISIA
Largest movements
- Tangible fixed assets -€5,462
down €5,462 (-10.1%), from €54,154 to €48,692
of which Furniture and vehicles: -€10,851
- Cash +€4,349
up €4,349 (+19.3%), from €22,538 to €26,887
mainly Depreciation (+€12,962) and Other debts (+€4,939)
- Receivables within one year -€2,942
down €2,942 (-51.3%), from €5,731 to €2,789
of which Other amounts receivable: -€2,942
- Deferred charges and accrued income -€1,461
no longer reported in 2025 (was €1,461)
- Other debts +€4,939
up €4,939 (+27.9%), from €17,707 to €22,645
- Profit (loss) carried forward -€4,320
down €4,320, from €2,279 to -€2,042
- Debts after one year -€2,462
down €2,462 (-33.1%), from €7,428 to €4,966
- Trade debts -€1,489
down €1,489 (-67.3%), from €2,212 to €722
- Gross operating margin -€17,820
down €17,820 (-63.6%), from €28,012 to €10,192
- Depreciation +€10,085
up €10,085 (+350.5%), from €2,877 to €12,962
- Taxes -€1,590
down €1,590 (-77.6%), from €2,050 to €460
- Other operating charges -€975
down €975 (-48.4%), from €2,013 to €1,038
- Financial income -€363
down €363 (-42.8%), from €848 to €486
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.
Cash bridge derived
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 | €102,229 | €98,058 | -€4,171 | -4.1% |
| Fixed assets | 21/28 | €54,154 | €48,692 | -€5,462 | -10.1% |
| Tangible fixed assets | 22/27 | €54,154 | €48,692 | -€5,462 | -10.1% |
| Land and buildings | 22 | €1,885 | €7,274 | +€5,389 | +285.9% |
| Furniture and vehicles | 24 | €52,270 | €41,418 | -€10,851 | -20.8% |
| Current assets | 29/58 | €48,075 | €49,366 | +€1,291 | +2.7% |
| Stocks and contracts in progress | 3 | €345 | €690 | +€345 | +99.9% |
| Stocks | 30/36 | €345 | €690 | +€345 | +99.9% |
| Amounts receivable within one year | 40/41 | €5,731 | €2,789 | -€2,942 | -51.3% |
| Trade receivables | 40 | €735 | €735 | = | 0.0% |
| Other amounts receivable | 41 | €4,996 | €2,054 | -€2,942 | -58.9% |
| Current investments | 50/53 | €18,000 | €19,000 | +€1,000 | +5.6% |
| Cash at bank and in hand | 54/58 | €22,538 | €26,887 | +€4,349 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,461 | - | -€1,461 | |
| Total equity and liabilities | 10/49 | €102,229 | €98,058 | -€4,171 | -4.1% |
| Equity | 10/15 | €70,449 | €66,129 | -€4,320 | -6.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,279 | -€2,042 | -€4,320 | |
| Amounts payable | 17/49 | €31,780 | €31,929 | +€149 | +0.5% |
| Amounts payable after more than one year | 17 | €7,428 | €4,966 | -€2,462 | -33.1% |
| Financial debts | 170/4 | €7,428 | €4,966 | -€2,462 | -33.1% |
| Amounts payable within one year | 42/48 | €24,352 | €26,964 | +€2,612 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €2,378 | €2,462 | +€84 | +3.5% |
| Trade debts | 44 | €2,212 | €722 | -€1,489 | -67.3% |
| Suppliers | 440/4 | €2,212 | €722 | -€1,489 | -67.3% |
| Taxes, remuneration and social security | 45 | €2,056 | €1,134 | -€922 | -44.8% |
| Taxes | 450/3 | €2,056 | €1,134 | -€922 | -44.8% |
| Other amounts payable | 47/48 | €17,707 | €22,645 | +€4,939 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,877 | €12,962 | +€10,085 | +350.5% |
| Other operating charges | 640/8 | €2,013 | €1,038 | -€975 | -48.4% |
| Gross operating margin | 9900 | €28,012 | €10,192 | -€17,820 | -63.6% |
| Operating profit (loss) | 9901 | €23,122 | -€3,809 | -€26,930 | |
| Financial income | 75/76B | €848 | €486 | -€363 | -42.8% |
| Recurring financial income | 75 | €848 | €486 | -€363 | -42.8% |
| Financial charges | 65/66B | €404 | €538 | +€134 | +33.1% |
| Recurring financial charges | 65 | €404 | €538 | +€134 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €23,566 | -€3,861 | -€27,426 | |
| Income taxes | 67/77 | €2,050 | €460 | -€1,590 | -77.6% |
| Profit (loss) for the period | 9904 | €21,516 | -€4,320 | -€25,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,516 | -€4,320 | -€25,836 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.