ARTEMISIANA: 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.
ARTEMISIANA
Largest movements
- Cash +€43,573
up €43,573 (+94.0%), from €46,344 to €89,917
mainly Net result for the year (+€88,598) and Depreciation (+€5,217)
- Stocks and contracts +€20,150
up €20,150 (+40.3%), from €49,966 to €70,116
- Receivables within one year +€2,865
up €2,865 (+16.7%), from €17,139 to €20,005
of which Trade receivables: +€2,868
- Profit (loss) carried forward +€88,598
up €88,598 (+226%), from €39,142 to €127,740
- Other debts -€12,849
down €12,849 (-36.6%), from €35,074 to €22,225
- Trade debts -€11,819
down €11,819 (-75.5%), from €15,647 to €3,827
- Tax, wage and social debts +€3,482
up €3,482 (+68.3%), from €5,096 to €8,577
- Accrued charges and deferred income -€2,475
down €2,475 (-100%), from €2,475 to €0
- Gross operating margin +€78,377
up €78,377 (+151%), from €52,031 to €130,407
- Write-downs +€11,993
up €11,993, from €0 to €11,993
- Taxes +€11,138
up €11,138 (+93.6%), from €11,893 to €23,031
- Financial charges -€2,123
down €2,123 (-74.3%), from €2,857 to €734
- Depreciation +€1,529
up €1,529 (+41.4%), from €3,689 to €5,217
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 | €134,472 | €200,259 | +€65,787 | +48.9% |
| Fixed assets | 21/28 | €20,319 | €19,014 | -€1,305 | -6.4% |
| Tangible fixed assets | 22/27 | €20,319 | €19,014 | -€1,305 | -6.4% |
| Land and buildings | 22 | €9,840 | €8,761 | -€1,079 | -11.0% |
| Plant, machinery and equipment | 23 | €1,299 | €898 | -€401 | -30.8% |
| Furniture and vehicles | 24 | €5,949 | €4,673 | -€1,276 | -21.5% |
| Other tangible fixed assets | 26 | €3,232 | €4,683 | +€1,451 | +44.9% |
| Current assets | 29/58 | €114,153 | €181,244 | +€67,092 | +58.8% |
| Stocks and contracts in progress | 3 | €49,966 | €70,116 | +€20,150 | +40.3% |
| Stocks | 30/36 | €49,966 | €70,116 | +€20,150 | +40.3% |
| Amounts receivable within one year | 40/41 | €17,139 | €20,005 | +€2,865 | +16.7% |
| Trade receivables | 40 | €17,019 | €19,887 | +€2,868 | +16.8% |
| Other amounts receivable | 41 | €120 | €118 | -€2 | -1.7% |
| Cash at bank and in hand | 54/58 | €46,344 | €89,917 | +€43,573 | +94.0% |
| Deferred charges and accrued income | 490/1 | €703 | €1,206 | +€503 | +71.6% |
| Total equity and liabilities | 10/49 | €134,472 | €200,259 | +€65,787 | +48.9% |
| Equity | 10/15 | €69,142 | €157,740 | +€88,598 | +128% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,142 | €127,740 | +€88,598 | +226% |
| Amounts payable | 17/49 | €65,330 | €42,519 | -€22,811 | -34.9% |
| Amounts payable within one year | 42/48 | €62,855 | €42,519 | -€20,336 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €6,037 | €7,832 | +€1,795 | +29.7% |
| Financial debts | 43 | €1,002 | €58 | -€944 | -94.3% |
| Credit institutions | 430/8 | €1,002 | €58 | -€944 | -94.3% |
| Trade debts | 44 | €15,647 | €3,827 | -€11,819 | -75.5% |
| Suppliers | 440/4 | €15,647 | €3,827 | -€11,819 | -75.5% |
| Taxes, remuneration and social security | 45 | €5,096 | €8,577 | +€3,482 | +68.3% |
| Taxes | 450/3 | €5,096 | €8,577 | +€3,482 | +68.3% |
| Other amounts payable | 47/48 | €35,074 | €22,225 | -€12,849 | -36.6% |
| Accrued charges and deferred income | 492/3 | €2,475 | €0 | -€2,475 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,689 | €5,217 | +€1,529 | +41.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €11,993 | +€11,993 | |
| Other operating charges | 640/8 | €604 | €904 | +€300 | +49.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,031 | €130,407 | +€78,377 | +151% |
| Operating profit (loss) | 9901 | €47,738 | €112,294 | +€64,555 | +135% |
| Financial income | 75/76B | €72 | €70 | -€2 | -3.4% |
| Recurring financial income | 75 | €72 | €70 | -€2 | -3.4% |
| Financial charges | 65/66B | €2,857 | €734 | -€2,123 | -74.3% |
| Recurring financial charges | 65 | €2,857 | €734 | -€2,123 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €44,953 | €111,629 | +€66,676 | +148% |
| Income taxes | 67/77 | €11,893 | €23,031 | +€11,138 | +93.6% |
| Profit (loss) for the period | 9904 | €33,060 | €88,598 | +€55,538 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €33,060 | €88,598 | +€55,538 | +168% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.