ARTHEMIS: 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.
ARTHEMIS
Largest movements
- Tangible fixed assets -€44,158
down €44,158 (-15.7%), from €281,323 to €237,165
of which Furniture and vehicles: -€24,491
- Deferred charges and accrued income -€23,579
down €23,579 (-55.2%), from €42,721 to €19,142
- Debts after one year -€69,600
down €69,600 (-39.1%), from €177,888 to €108,287
- Profit (loss) carried forward +€15,390
up €15,390 (+39.7%), from €38,782 to €54,172
- Trade debts -€14,168
down €14,168 (-15.0%), from €94,257 to €80,089
- Other debts -€12,799
down €12,799 (-11.9%), from €107,918 to €95,119
- Provisions +€8,839
new in 2024: €8,839
- Provisions +€35,239
up €35,239, from -€26,400 to €8,839
- Gross operating margin +€28,732
up €28,732 (+38.2%), from €75,215 to €103,947
- Depreciation -€24,658
down €24,658 (-32.7%), from €75,453 to €50,795
- Taxes +€3,024
up €3,024 (+66.4%), from €4,555 to €7,579
- Other operating charges +€2,729
up €2,729 (+84.7%), from €3,220 to €5,949
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,847 | €454,795 | -€65,052 | -12.5% |
| Fixed assets | 21/28 | €473,323 | €429,165 | -€44,158 | -9.3% |
| Tangible fixed assets | 22/27 | €281,323 | €237,165 | -€44,158 | -15.7% |
| Land and buildings | 22 | €231,005 | €211,400 | -€19,605 | -8.5% |
| Plant, machinery and equipment | 23 | €703 | €641 | -€62 | -8.8% |
| Furniture and vehicles | 24 | €49,615 | €25,124 | -€24,491 | -49.4% |
| Financial fixed assets | 28 | €192,000 | €192,000 | = | 0.0% |
| Current assets | 29/58 | €46,524 | €25,630 | -€20,894 | -44.9% |
| Amounts receivable within one year | 40/41 | €3,371 | €5,544 | +€2,173 | +64.5% |
| Trade receivables | 40 | €3,371 | €5,048 | +€1,677 | +49.8% |
| Other amounts receivable | 41 | - | €496 | +€496 | |
| Cash at bank and in hand | 54/58 | €432 | €944 | +€512 | +119% |
| Deferred charges and accrued income | 490/1 | €42,721 | €19,142 | -€23,579 | -55.2% |
| Total equity and liabilities | 10/49 | €519,847 | €454,795 | -€65,052 | -12.5% |
| Equity | 10/15 | €59,242 | €74,632 | +€15,390 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €38,782 | €54,172 | +€15,390 | +39.7% |
| Provisions and deferred taxes | 16 | - | €8,839 | +€8,839 | |
| Provisions for liabilities and charges | 160/5 | - | €8,839 | +€8,839 | |
| Other liabilities and charges | 164/5 | - | €8,839 | +€8,839 | |
| Amounts payable | 17/49 | €460,605 | €371,323 | -€89,282 | -19.4% |
| Amounts payable after more than one year | 17 | €177,888 | €108,287 | -€69,600 | -39.1% |
| Financial debts | 170/4 | €177,888 | €108,287 | -€69,600 | -39.1% |
| Amounts payable within one year | 42/48 | €277,135 | €259,868 | -€17,267 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €51,301 | €52,502 | +€1,201 | +2.3% |
| Financial debts | 43 | €2,248 | €6,699 | +€4,451 | +198% |
| Credit institutions | 430/8 | €2,248 | €6,699 | +€4,451 | +198% |
| Trade debts | 44 | €94,257 | €80,089 | -€14,168 | -15.0% |
| Suppliers | 440/4 | €94,257 | €80,089 | -€14,168 | -15.0% |
| Taxes, remuneration and social security | 45 | €21,412 | €25,459 | +€4,047 | +18.9% |
| Taxes | 450/3 | €21,412 | €25,459 | +€4,047 | +18.9% |
| Other amounts payable | 47/48 | €107,918 | €95,119 | -€12,799 | -11.9% |
| Accrued charges and deferred income | 492/3 | €5,582 | €3,168 | -€2,414 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,453 | €50,795 | -€24,658 | -32.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,400 | €8,839 | +€35,239 | |
| Other operating charges | 640/8 | €3,220 | €5,949 | +€2,729 | +84.7% |
| Gross operating margin | 9900 | €75,215 | €103,947 | +€28,732 | +38.2% |
| Operating profit (loss) | 9901 | €22,942 | €38,364 | +€15,422 | +67.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €12,997 | €15,396 | +€2,398 | +18.5% |
| Recurring financial charges | 65 | €12,997 | €15,396 | +€2,398 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €9,945 | €22,970 | +€13,025 | +131% |
| Income taxes | 67/77 | €4,555 | €7,579 | +€3,024 | +66.4% |
| Profit (loss) for the period | 9904 | €5,390 | €15,390 | +€10,000 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €5,390 | €15,390 | +€10,000 | +186% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.