A.D. ART: 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.
A.D. ART
Largest movements
- Cash +€33,273
up €33,273 (+52.3%), from €63,603 to €96,875
mainly Net result for the year (+€26,886) and Deferred charges and accrued income (+€7,098)
- Receivables within one year +€9,611
up €9,611 (+59.5%), from €16,156 to €25,767
of which Other amounts receivable: +€7,735
- Deferred charges and accrued income -€7,098
down €7,098 (-85.6%), from €8,291 to €1,193
- Tangible fixed assets -€4,069
down €4,069 (-25.1%), from €16,224 to €12,156
- Reserves +€26,886
up €26,886 (+27.8%), from €96,590 to €123,475
- Tax, wage and social debts +€5,883
up €5,883 (+120%), from €4,901 to €10,784
- Gross operating margin +€22,257
up €22,257 (+93.0%), from €23,937 to €46,193
- Taxes +€6,008
up €6,008 (+69.8%), from €8,607 to €14,615
- Financial income +€595
up €595 (+314%), from €190 to €784
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 | €104,275 | €135,992 | +€31,717 | +30.4% |
| Fixed assets | 21/28 | €16,224 | €12,156 | -€4,069 | -25.1% |
| Tangible fixed assets | 22/27 | €16,224 | €12,156 | -€4,069 | -25.1% |
| Land and buildings | 22 | €663 | €459 | -€204 | -30.8% |
| Plant, machinery and equipment | 23 | €2,815 | €2,074 | -€741 | -26.3% |
| Furniture and vehicles | 24 | €3,970 | €1,994 | -€1,975 | -49.8% |
| Other tangible fixed assets | 26 | €8,777 | €7,629 | -€1,149 | -13.1% |
| Current assets | 29/58 | €88,051 | €123,836 | +€35,786 | +40.6% |
| Amounts receivable within one year | 40/41 | €16,156 | €25,767 | +€9,611 | +59.5% |
| Trade receivables | 40 | €7,971 | €9,847 | +€1,876 | +23.5% |
| Other amounts receivable | 41 | €8,186 | €15,921 | +€7,735 | +94.5% |
| Cash at bank and in hand | 54/58 | €63,603 | €96,875 | +€33,273 | +52.3% |
| Deferred charges and accrued income | 490/1 | €8,291 | €1,193 | -€7,098 | -85.6% |
| Total equity and liabilities | 10/49 | €104,275 | €135,992 | +€31,717 | +30.4% |
| Equity | 10/15 | €96,590 | €123,475 | +€26,886 | +27.8% |
| Reserves | 13 | €96,590 | €123,475 | +€26,886 | +27.8% |
| Distributable reserves | 133 | €96,590 | €123,475 | +€26,886 | +27.8% |
| Amounts payable | 17/49 | €7,685 | €12,516 | +€4,831 | +62.9% |
| Amounts payable within one year | 42/48 | €7,685 | €12,516 | +€4,831 | +62.9% |
| Trade debts | 44 | €2,784 | €1,732 | -€1,052 | -37.8% |
| Suppliers | 440/4 | €2,784 | €1,732 | -€1,052 | -37.8% |
| Taxes, remuneration and social security | 45 | €4,901 | €10,784 | +€5,883 | +120% |
| Taxes | 450/3 | €4,901 | €10,784 | +€5,883 | +120% |
| Non-recurring operating income | 76A | €4,643 | - | -€4,643 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €4,069 | -€116 | -2.8% |
| Other operating charges | 640/8 | €1,048 | €1,299 | +€251 | +23.9% |
| Gross operating margin | 9900 | €23,937 | €46,193 | +€22,257 | +93.0% |
| Operating profit (loss) | 9901 | €18,704 | €40,826 | +€22,122 | +118% |
| Financial income | 75/76B | €190 | €784 | +€595 | +314% |
| Recurring financial income | 75 | €190 | €784 | +€595 | +314% |
| Financial charges | 65/66B | €55 | €110 | +€54 | +98.4% |
| Recurring financial charges | 65 | €55 | €110 | +€54 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €18,838 | €41,500 | +€22,662 | +120% |
| Income taxes | 67/77 | €8,607 | €14,615 | +€6,008 | +69.8% |
| Profit (loss) for the period | 9904 | €10,231 | €26,886 | +€16,654 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €10,231 | €26,886 | +€16,654 | +163% |
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.