Miss Artemis: 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.
Miss Artemis
Largest movements
- Cash -€36,776
down €36,776 (-81.6%), from €45,060 to €8,284
mainly Investment in fixed assets (net) (-€12,766) and Receivables within one year (-€9,692)
- Tangible fixed assets +€11,223
up €11,223 (+817%), from €1,373 to €12,596
of which Other tangible fixed assets: +€11,683
- Receivables within one year +€9,692
up €9,692 (+256%), from €3,788 to €13,480
of which Trade receivables: +€9,676
- Deferred charges and accrued income +€6,045
up €6,045 (+728%), from €830 to €6,875
- Reserves -€8,070
down €8,070 (-31.4%), from €25,705 to €17,635
- Tax, wage and social debts -€4,991
down €4,991 (-51.4%), from €9,708 to €4,717
- Other debts +€1,710
up €1,710 (+31.0%), from €5,520 to €7,230
- Trade debts +€1,535
up €1,535 (+30.0%), from €5,118 to €6,653
- Write-downs -€18,019
down €18,019 (-100%), from €18,019 to €0
- Gross operating margin -€16,414
down €16,414, from €12,736 to -€3,677
- Depreciation +€1,536
up €1,536 (+24,385%), from €6 to €1,543
- Financial charges +€762
up €762 (+251%), from €303 to €1,065
- Other operating charges +€174
up €174 (+11.9%), from €1,462 to €1,636
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 | €51,051 | €41,235 | -€9,816 | -19.2% |
| Fixed assets | 21/28 | €1,373 | €12,596 | +€11,223 | +817% |
| Tangible fixed assets | 22/27 | €1,373 | €12,596 | +€11,223 | +817% |
| Furniture and vehicles | 24 | €1,373 | €913 | -€460 | -33.5% |
| Other tangible fixed assets | 26 | - | €11,683 | +€11,683 | |
| Current assets | 29/58 | €49,678 | €28,639 | -€21,039 | -42.4% |
| Amounts receivable within one year | 40/41 | €3,788 | €13,480 | +€9,692 | +256% |
| Trade receivables | 40 | €3,788 | €13,464 | +€9,676 | +255% |
| Other amounts receivable | 41 | €0 | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €45,060 | €8,284 | -€36,776 | -81.6% |
| Deferred charges and accrued income | 490/1 | €830 | €6,875 | +€6,045 | +728% |
| Total equity and liabilities | 10/49 | €51,051 | €41,235 | -€9,816 | -19.2% |
| Equity | 10/15 | €30,705 | €22,635 | -€8,070 | -26.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,705 | €17,635 | -€8,070 | -31.4% |
| Distributable reserves | 133 | €25,705 | €17,635 | -€8,070 | -31.4% |
| Amounts payable | 17/49 | €20,346 | €18,601 | -€1,745 | -8.6% |
| Amounts payable within one year | 42/48 | €20,346 | €18,601 | -€1,745 | -8.6% |
| Trade debts | 44 | €5,118 | €6,653 | +€1,535 | +30.0% |
| Suppliers | 440/4 | €5,118 | €6,653 | +€1,535 | +30.0% |
| Taxes, remuneration and social security | 45 | €9,708 | €4,717 | -€4,991 | -51.4% |
| Taxes | 450/3 | €9,708 | €4,717 | -€4,991 | -51.4% |
| Other amounts payable | 47/48 | €5,520 | €7,230 | +€1,710 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | €1,543 | +€1,536 | +24,385% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,019 | €0 | -€18,019 | -100% |
| Other operating charges | 640/8 | €1,462 | €1,636 | +€174 | +11.9% |
| Gross operating margin | 9900 | €12,736 | -€3,677 | -€16,414 | |
| Operating profit (loss) | 9901 | -€6,750 | -€6,855 | -€105 | -1.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €303 | €1,065 | +€762 | +251% |
| Recurring financial charges | 65 | €303 | €1,065 | +€762 | +251% |
| Profit (loss) for the period before taxes | 9903 | -€7,053 | -€7,920 | -€867 | -12.3% |
| Income taxes | 67/77 | €156 | €150 | -€6 | -3.8% |
| Profit (loss) for the period | 9904 | -€7,209 | -€8,070 | -€861 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,209 | -€8,070 | -€861 | -11.9% |
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 27 October 2026 via checked.be.