ARTHEMILIA: 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.
ARTHEMILIA
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+1,530%), from €66,725 to €1.1m
of which Land and buildings: +€1.0m
- Receivables within one year -€18,727
down €18,727 (-15.0%), from €124,793 to €106,065
of which Other amounts receivable: -€18,279
- Debts after one year +€1.2m
new in 2025: €1.2m
- Profit (loss) carried forward -€142,505
down €142,505, from €0 to -€142,505
- Tax, wage and social debts -€28,659
down €28,659 (-99.8%), from €28,727 to €68
of which Taxes: -€27,879
- Accrued charges and deferred income +€12,871
new in 2025: €12,871
- Depreciation +€149,937
up €149,937 (+801%), from €18,719 to €168,656
- Gross operating margin -€24,460
down €24,460 (-37.5%), from €65,183 to €40,724
- Financial charges +€12,871
up €12,871 (+14,705%), from €88 to €12,959
- Taxes -€10,111
down €10,111 (-98.1%), from €10,311 to €200
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 | €226,939 | €1,234,152 | +€1.0m | +444% |
| Fixed assets | 21/28 | €79,325 | €1,100,187 | +€1.0m | +1,287% |
| Tangible fixed assets | 22/27 | €66,725 | €1,087,587 | +€1.0m | +1,530% |
| Land and buildings | 22 | - | €1,032,485 | +€1.0m | |
| Furniture and vehicles | 24 | €57,754 | €42,121 | -€15,633 | -27.1% |
| Other tangible fixed assets | 26 | €8,971 | €12,981 | +€4,010 | +44.7% |
| Financial fixed assets | 28 | €12,600 | €12,600 | = | 0.0% |
| Current assets | 29/58 | €147,614 | €133,966 | -€13,648 | -9.2% |
| Amounts receivable within one year | 40/41 | €124,793 | €106,065 | -€18,727 | -15.0% |
| Trade receivables | 40 | €8,531 | €8,082 | -€448 | -5.3% |
| Other amounts receivable | 41 | €116,262 | €97,983 | -€18,279 | -15.7% |
| Cash at bank and in hand | 54/58 | €21,319 | €26,315 | +€4,995 | +23.4% |
| Deferred charges and accrued income | 490/1 | €1,502 | €1,586 | +€84 | +5.6% |
| Total equity and liabilities | 10/49 | €226,939 | €1,234,152 | +€1.0m | +444% |
| Equity | 10/15 | €196,022 | €52,390 | -€143,631 | -73.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €193,522 | €192,396 | -€1,126 | -0.6% |
| Distributable reserves | 133 | €193,522 | €192,396 | -€1,126 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | -€142,505 | -€142,505 | |
| Amounts payable | 17/49 | €30,917 | €1,181,762 | +€1.2m | +3,722% |
| Amounts payable after more than one year | 17 | - | €1,166,765 | +€1.2m | |
| Financial debts | 170/4 | - | €1,166,765 | +€1.2m | |
| Amounts payable within one year | 42/48 | €30,917 | €2,126 | -€28,791 | -93.1% |
| Trade debts | 44 | €1,043 | €933 | -€110 | -10.6% |
| Suppliers | 440/4 | €1,043 | €933 | -€110 | -10.6% |
| Taxes, remuneration and social security | 45 | €28,727 | €68 | -€28,659 | -99.8% |
| Taxes | 450/3 | €27,947 | €68 | -€27,879 | -99.8% |
| Remuneration and social security | 454/9 | €780 | €0 | -€780 | -100% |
| Other amounts payable | 47/48 | €1,147 | €1,126 | -€21 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €12,871 | +€12,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,719 | €168,656 | +€149,937 | +801% |
| Other operating charges | 640/8 | €1,128 | €1,424 | +€296 | +26.2% |
| Gross operating margin | 9900 | €65,183 | €40,724 | -€24,460 | -37.5% |
| Operating profit (loss) | 9901 | €45,337 | -€129,356 | -€174,693 | |
| Financial income | 75/76B | €10 | €10 | -€0 | -1.8% |
| Recurring financial income | 75 | €10 | €10 | -€0 | -1.8% |
| Financial charges | 65/66B | €88 | €12,959 | +€12,871 | +14,705% |
| Recurring financial charges | 65 | €88 | €12,959 | +€12,871 | +14,705% |
| Profit (loss) for the period before taxes | 9903 | €45,259 | -€142,305 | -€187,564 | |
| Income taxes | 67/77 | €10,311 | €200 | -€10,111 | -98.1% |
| Profit (loss) for the period | 9904 | €34,948 | -€142,505 | -€177,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,948 | -€142,505 | -€177,453 |
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 18 October 2026 via checked.be.