A.R.T. & C°: what changed
A.R.T. & C°
Largest movements
- Tangible fixed assets +€22,797
up €22,797 (+49.3%), from €46,203 to €69,000
of which Furniture and vehicles: +€23,278
- Cash +€7,074
up €7,074 (+3.2%), from €219,583 to €226,657
mainly Net result for the year (+€38,112) and Depreciation (+€14,627)
- Receivables within one year +€6,182
up €6,182 (+16.4%), from €37,739 to €43,921
of which Trade receivables: +€6,321
- Reserves +€38,112
up €38,112 (+21.7%), from €175,902 to €214,015
of which Distributable reserves: +€36,212
- Trade debts -€4,442
down €4,442 (-51.7%), from €8,591 to €4,149
- Gross operating margin +€12,393
up €12,393 (+20.9%), from €59,339 to €71,732
- Depreciation +€4,941
up €4,941 (+51.0%), from €9,686 to €14,627
- Taxes +€1,542
up €1,542 (+9.8%), from €15,757 to €17,299
- Financial charges +€1,394
up €1,394 (+100%), from €1,392 to €2,786
- Financial income -€1,020
down €1,020 (-37.8%), from €2,696 to €1,677
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 | €304,956 | €341,587 | +€36,630 | +12.0% |
| Fixed assets | 21/28 | €46,203 | €69,000 | +€22,797 | +49.3% |
| Tangible fixed assets | 22/27 | €46,203 | €69,000 | +€22,797 | +49.3% |
| Plant, machinery and equipment | 23 | €569 | €88 | -€481 | -84.6% |
| Furniture and vehicles | 24 | €45,635 | €68,912 | +€23,278 | +51.0% |
| Current assets | 29/58 | €258,753 | €272,586 | +€13,833 | +5.3% |
| Amounts receivable within one year | 40/41 | €37,739 | €43,921 | +€6,182 | +16.4% |
| Trade receivables | 40 | €4,643 | €10,964 | +€6,321 | +136% |
| Other amounts receivable | 41 | €33,096 | €32,957 | -€139 | -0.4% |
| Cash at bank and in hand | 54/58 | €219,583 | €226,657 | +€7,074 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,431 | €2,008 | +€578 | +40.4% |
| Total equity and liabilities | 10/49 | €304,956 | €341,587 | +€36,630 | +12.0% |
| Equity | 10/15 | €204,804 | €242,916 | +€38,112 | +18.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €175,902 | €214,015 | +€38,112 | +21.7% |
| Non-distributable reserves | 130/1 | - | €1,900 | +€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Distributable reserves | 133 | €175,902 | €212,115 | +€36,212 | +20.6% |
| Profit (loss) carried forward | 14 | €9,902 | €9,902 | = | 0.0% |
| Amounts payable | 17/49 | €100,152 | €98,670 | -€1,482 | -1.5% |
| Amounts payable within one year | 42/48 | €100,152 | €98,670 | -€1,482 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €87,786 | €89,930 | +€2,144 | +2.4% |
| Trade debts | 44 | €8,591 | €4,149 | -€4,442 | -51.7% |
| Suppliers | 440/4 | €8,591 | €4,149 | -€4,442 | -51.7% |
| Taxes, remuneration and social security | 45 | €3,775 | €4,591 | +€816 | +21.6% |
| Taxes | 450/3 | €3,775 | €4,591 | +€816 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,686 | €14,627 | +€4,941 | +51.0% |
| Other operating charges | 640/8 | €1,047 | €584 | -€463 | -44.2% |
| Gross operating margin | 9900 | €59,339 | €71,732 | +€12,393 | +20.9% |
| Operating profit (loss) | 9901 | €48,606 | €56,521 | +€7,915 | +16.3% |
| Financial income | 75/76B | €2,696 | €1,677 | -€1,020 | -37.8% |
| Recurring financial income | 75 | €2,696 | €1,677 | -€1,020 | -37.8% |
| Financial charges | 65/66B | €1,392 | €2,786 | +€1,394 | +100% |
| Recurring financial charges | 65 | €1,392 | €2,786 | +€1,394 | +100% |
| Profit (loss) for the period before taxes | 9903 | €49,910 | €55,411 | +€5,501 | +11.0% |
| Income taxes | 67/77 | €15,757 | €17,299 | +€1,542 | +9.8% |
| Profit (loss) for the period | 9904 | €34,153 | €38,112 | +€3,960 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,153 | €38,112 | +€3,960 | +11.6% |
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 3 November 2026 via checked.be.