ARTIMIS: what changed
ARTIMIS
Largest movements
- Cash -€25,858
down €25,858 (-84.1%), from €30,759 to €4,901
mainly Net result for the year (-€10,801) and Receivables within one year (-€8,536)
- Receivables within one year +€8,536
up €8,536 (+39.5%), from €21,634 to €30,170
of which Other amounts receivable: +€8,502
- Stocks and contracts +€6,199
up €6,199 (+16.9%), from €36,706 to €42,904
- Financial fixed assets -€3,900
down €3,900 (-97.5%), from €4,000 to €100
- Tangible fixed assets -€3,825
down €3,825 (-28.5%), from €13,402 to €9,576
of which Furniture and vehicles: -€3,636
- Profit (loss) carried forward -€10,801
down €10,801 (-82.2%), from -€13,137 to -€23,938
- Debts after one year -€5,867
down €5,867 (-27.1%), from €21,643 to €15,776
- Trade debts -€2,693
down €2,693 (-87.4%), from €3,082 to €390
- Financial charges -€4,800
down €4,800 (-62.8%), from €7,646 to €2,846
- Depreciation +€1,194
up €1,194 (+45.4%), from €2,631 to €3,825
- Gross operating margin +€817
up €817 (+33.9%), from -€2,409 to -€1,592
- Financial income -€428
down €428 (-97.1%), from €441 to €13
- Other operating charges +€214
up €214 (+9.8%), from €2,194 to €2,408
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,501 | €87,652 | -€18,848 | -17.7% |
| Fixed assets | 21/28 | €17,402 | €9,676 | -€7,725 | -44.4% |
| Tangible fixed assets | 22/27 | €13,402 | €9,576 | -€3,825 | -28.5% |
| Plant, machinery and equipment | 23 | €189 | - | -€189 | |
| Furniture and vehicles | 24 | €13,213 | €9,576 | -€3,636 | -27.5% |
| Financial fixed assets | 28 | €4,000 | €100 | -€3,900 | -97.5% |
| Current assets | 29/58 | €89,099 | €77,976 | -€11,123 | -12.5% |
| Stocks and contracts in progress | 3 | €36,706 | €42,904 | +€6,199 | +16.9% |
| Stocks | 30/36 | €36,706 | €42,904 | +€6,199 | +16.9% |
| Amounts receivable within one year | 40/41 | €21,634 | €30,170 | +€8,536 | +39.5% |
| Trade receivables | 40 | €14,395 | €14,430 | +€34 | +0.2% |
| Other amounts receivable | 41 | €7,239 | €15,741 | +€8,502 | +117% |
| Cash at bank and in hand | 54/58 | €30,759 | €4,901 | -€25,858 | -84.1% |
| Total equity and liabilities | 10/49 | €106,501 | €87,652 | -€18,848 | -17.7% |
| Equity | 10/15 | €75,088 | €64,287 | -€10,801 | -14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,025 | €82,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25 | €25 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €82,000 | €82,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,137 | -€23,938 | -€10,801 | -82.2% |
| Amounts payable | 17/49 | €31,413 | €23,365 | -€8,048 | -25.6% |
| Amounts payable after more than one year | 17 | €21,643 | €15,776 | -€5,867 | -27.1% |
| Financial debts | 170/4 | €21,643 | €15,776 | -€5,867 | -27.1% |
| Amounts payable within one year | 42/48 | €9,770 | €7,589 | -€2,181 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €5,629 | €5,867 | +€238 | +4.2% |
| Trade debts | 44 | €3,082 | €390 | -€2,693 | -87.4% |
| Suppliers | 440/4 | €3,082 | €390 | -€2,693 | -87.4% |
| Taxes, remuneration and social security | 45 | €1,059 | €1,332 | +€274 | +25.9% |
| Taxes | 450/3 | €1,059 | €1,332 | +€274 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,631 | €3,825 | +€1,194 | +45.4% |
| Other operating charges | 640/8 | €2,194 | €2,408 | +€214 | +9.8% |
| Gross operating margin | 9900 | -€2,409 | -€1,592 | +€817 | +33.9% |
| Operating profit (loss) | 9901 | -€7,234 | -€7,826 | -€592 | -8.2% |
| Financial income | 75/76B | €441 | €13 | -€428 | -97.1% |
| Recurring financial income | 75 | €441 | €13 | -€428 | -97.1% |
| Financial charges | 65/66B | €7,646 | €2,846 | -€4,800 | -62.8% |
| Recurring financial charges | 65 | €7,646 | €2,846 | -€4,800 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,439 | -€10,659 | +€3,780 | +26.2% |
| Income taxes | 67/77 | €152 | €141 | -€10 | -6.7% |
| Profit (loss) for the period | 9904 | -€14,591 | -€10,801 | +€3,790 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,591 | -€10,801 | +€3,790 | +26.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.