A.R.T. Services: 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.R.T. Services
Largest movements
- Cash -€48,924
down €48,924 (-72.6%), from €67,346 to €18,422
mainly Investment in fixed assets (net) (-€26,452) and Debts after one year (-€18,583)
- Financial fixed assets +€25,000
up €25,000 (+82.9%), from €30,150 to €55,150
- Tangible fixed assets -€15,373
down €15,373 (-3.2%), from €481,705 to €466,332
of which Land and buildings: -€14,396
- Debts after one year -€18,583
down €18,583 (-4.5%), from €408,742 to €390,160
of which Financial debts: -€18,583
- Gross operating margin -€167,631
down €167,631 (-85.1%), from €197,031 to €29,400
- Financial charges -€5,219
down €5,219 (-22.0%), from €23,703 to €18,484
of which Financial charges: -€2,719
- Financial income +€4,014
up €4,014 (+295%), from €1,358 to €5,372
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 | €679,136 | €647,513 | -€31,624 | -4.7% |
| Fixed assets | 21/28 | €512,378 | €521,501 | +€9,123 | +1.8% |
| Intangible fixed assets | 21 | €523 | €19 | -€504 | -96.3% |
| Tangible fixed assets | 22/27 | €481,705 | €466,332 | -€15,373 | -3.2% |
| Land and buildings | 22 | €476,621 | €462,225 | -€14,396 | -3.0% |
| Furniture and vehicles | 24 | €5,083 | €4,107 | -€977 | -19.2% |
| Financial fixed assets | 28 | €30,150 | €55,150 | +€25,000 | +82.9% |
| Current assets | 29/58 | €166,759 | €126,012 | -€40,747 | -24.4% |
| Amounts receivable within one year | 40/41 | €96,562 | €102,217 | +€5,656 | +5.9% |
| Trade receivables | 40 | €39,516 | €51,412 | +€11,896 | +30.1% |
| Other amounts receivable | 41 | €57,046 | €50,805 | -€6,241 | -10.9% |
| Cash at bank and in hand | 54/58 | €67,346 | €18,422 | -€48,924 | -72.6% |
| Deferred charges and accrued income | 490/1 | €2,851 | €5,372 | +€2,521 | +88.4% |
| Total equity and liabilities | 10/49 | €679,136 | €647,513 | -€31,624 | -4.7% |
| Equity | 10/15 | €185,818 | €179,879 | -€5,939 | -3.2% |
| Contributions | 10/11 | €42,500 | €42,500 | = | 0.0% |
| Reserves | 13 | €143,318 | €137,379 | -€5,939 | -4.1% |
| Tax-exempt reserves | 132 | €126,079 | €126,049 | -€31 | 0.0% |
| Distributable reserves | 133 | €17,238 | €11,330 | -€5,908 | -34.3% |
| Provisions and deferred taxes | 16 | €42,004 | €41,994 | -€10 | 0.0% |
| Deferred taxes | 168 | €42,004 | €41,994 | -€10 | 0.0% |
| Amounts payable | 17/49 | €451,315 | €425,641 | -€25,674 | -5.7% |
| Amounts payable after more than one year | 17 | €408,742 | €390,160 | -€18,583 | -4.5% |
| Financial debts | 170/4 | €408,192 | €389,610 | -€18,583 | -4.6% |
| Other amounts payable | 178/9 | €550 | €550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,540 | €34,621 | -€3,919 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €25,274 | €22,033 | -€3,241 | -12.8% |
| Trade debts | 44 | €6,153 | €5,831 | -€322 | -5.2% |
| Suppliers | 440/4 | €6,153 | €5,831 | -€322 | -5.2% |
| Taxes, remuneration and social security | 45 | €7,113 | €6,757 | -€356 | -5.0% |
| Taxes | 450/3 | €7,113 | €6,757 | -€356 | -5.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €4,033 | €860 | -€3,173 | -78.7% |
| Non-recurring operating income | 76A | €168,033 | - | -€168,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,285 | €17,329 | +€44 | +0.3% |
| Other operating charges | 640/8 | €4,337 | €4,469 | +€132 | +3.0% |
| Gross operating margin | 9900 | €197,031 | €29,400 | -€167,631 | -85.1% |
| Operating profit (loss) | 9901 | €175,409 | €7,602 | -€167,807 | -95.7% |
| Financial income | 75/76B | €1,358 | €5,372 | +€4,014 | +295% |
| Recurring financial income | 75 | €1,358 | €5,372 | +€4,014 | +295% |
| Financial charges | 65/66B | €23,703 | €18,484 | -€5,219 | -22.0% |
| Recurring financial charges | 65 | €21,203 | €18,484 | -€2,719 | -12.8% |
| Non-recurring financial charges | 66B | €2,500 | - | -€2,500 | |
| Profit (loss) for the period before taxes | 9903 | €153,064 | -€5,510 | -€158,574 | |
| Transfer from deferred taxes | 780 | €5 | €10 | +€6 | +124% |
| Transfer to deferred taxes | 680 | €42,008 | - | -€42,008 | |
| Income taxes | 67/77 | -€401 | €439 | +€840 | |
| Profit (loss) for the period | 9904 | €111,462 | -€5,939 | -€117,401 | |
| Transfer from tax-exempt reserves | 789 | €14 | €31 | +€17 | +123% |
| Transfer to tax-exempt reserves | 689 | €126,025 | - | -€126,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,550 | -€5,908 | +€8,641 | +59.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.