ARTEMUZ: 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.
ARTEMUZ
Largest movements
- Cash -€2,438
down €2,438 (-2.5%), from €99,220 to €96,782
mainly Contributions, distributions and other (-€12,632) and Tax, wage and social debts (-€1,661)
- Tangible fixed assets -€1,303
down €1,303 (-66.4%), from €1,963 to €660
of which Plant, machinery and equipment: -€657
- Receivables within one year -€1,251
down €1,251 (-22.9%), from €5,467 to €4,216
- Reserves -€9,735
down €9,735 (-9.8%), from €99,253 to €89,518
- Other debts +€6,683
new in 2025: €6,683
- Tax, wage and social debts -€1,661
no longer reported in 2025 (was €1,661)
- Gross operating margin -€29,082
down €29,082 (-84.2%), from €34,528 to €5,446
- Taxes -€9,677
down €9,677 (-85.4%), from €11,326 to €1,649
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 | €107,353 | €102,398 | -€4,955 | -4.6% |
| Fixed assets | 21/28 | €1,963 | €660 | -€1,303 | -66.4% |
| Tangible fixed assets | 22/27 | €1,963 | €660 | -€1,303 | -66.4% |
| Land and buildings | 22 | €1,306 | €660 | -€646 | -49.5% |
| Plant, machinery and equipment | 23 | €657 | - | -€657 | |
| Current assets | 29/58 | €105,390 | €101,738 | -€3,652 | -3.5% |
| Amounts receivable within one year | 40/41 | €5,467 | €4,216 | -€1,251 | -22.9% |
| Other amounts receivable | 41 | €5,467 | €4,216 | -€1,251 | -22.9% |
| Cash at bank and in hand | 54/58 | €99,220 | €96,782 | -€2,438 | -2.5% |
| Deferred charges and accrued income | 490/1 | €703 | €740 | +€37 | +5.3% |
| Total equity and liabilities | 10/49 | €107,353 | €102,398 | -€4,955 | -4.6% |
| Equity | 10/15 | €105,450 | €95,715 | -€9,735 | -9.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €99,253 | €89,518 | -€9,735 | -9.8% |
| Distributable reserves | 133 | €99,253 | €89,518 | -€9,735 | -9.8% |
| Amounts payable | 17/49 | €1,903 | €6,683 | +€4,780 | +251% |
| Amounts payable within one year | 42/48 | €1,903 | €6,683 | +€4,780 | +251% |
| Trade debts | 44 | €242 | - | -€242 | |
| Suppliers | 440/4 | €242 | - | -€242 | |
| Taxes, remuneration and social security | 45 | €1,661 | - | -€1,661 | |
| Taxes | 450/3 | €1,661 | - | -€1,661 | |
| Other amounts payable | 47/48 | - | €6,683 | +€6,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €1,303 | -€257 | -16.5% |
| Gross operating margin | 9900 | €34,528 | €5,446 | -€29,082 | -84.2% |
| Operating profit (loss) | 9901 | €32,968 | €4,143 | -€28,825 | -87.4% |
| Financial income | 75/76B | €322 | €516 | +€194 | +60.2% |
| Recurring financial income | 75 | €322 | €516 | +€194 | +60.2% |
| Financial charges | 65/66B | €109 | €113 | +€4 | +3.7% |
| Recurring financial charges | 65 | €109 | €113 | +€4 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €33,181 | €4,546 | -€28,635 | -86.3% |
| Income taxes | 67/77 | €11,326 | €1,649 | -€9,677 | -85.4% |
| Profit (loss) for the period | 9904 | €21,855 | €2,897 | -€18,958 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,855 | €2,897 | -€18,958 | -86.7% |
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 17 October 2026 via checked.be.