ABSOLUTE ART: what changed
Two fiscal 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.
ABSOLUTE ART
Largest movements
- Receivables within one year -€200,063
down €200,063 (-99.7%), from €200,618 to €555
of which Other amounts receivable: -€200,075
- Tangible fixed assets +€109,773
up €109,773 (+5.4%), from €2.0m to €2.1m
of which Land and buildings: +€139,258
- Cash -€40,992
down €40,992 (-14.3%), from €286,141 to €245,149
mainly Investment in fixed assets (net) (-€192,728) and Debts after one year (-€101,070)
- Debts after one year -€101,070
down €101,070 (-9.0%), from €1.1m to €1.0m
- Other debts -€67,762
down €67,762 (-26.6%), from €255,066 to €187,304
- Financial charges +€31,461
up €31,461 (+96.1%), from €32,747 to €64,208
- Gross operating margin -€16,489
down €16,489 (-8.0%), from €205,358 to €188,869
- Taxes -€11,187
down €11,187 (-35.6%), from €31,463 to €20,276
- Other operating charges +€4,862
up €4,862 (+148.5%), from €3,273 to €8,136
- Depreciation -€3,379
down €3,379 (-3.9%), from €86,397 to €83,018
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.
Cash bridge derived
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 | €3,338,424 | €3,205,245 | -€133,179 | -4.0% |
| Fixed assets | 21/28 | €2,821,215 | €2,930,925 | +€109,710 | +3.9% |
| Tangible fixed assets | 22/27 | €2,028,558 | €2,138,331 | +€109,773 | +5.4% |
| Land and buildings | 22 | €1,914,228 | €2,053,485 | +€139,258 | +7.3% |
| Plant, machinery and equipment | 23 | €1,287 | €1,673 | +€386 | +30.0% |
| Furniture and vehicles | 24 | €113,044 | €83,173 | -€29,871 | -26.4% |
| Financial fixed assets | 28 | €792,657 | €792,594 | -€63 | 0.0% |
| Current assets | 29/58 | €517,209 | €274,319 | -€242,890 | -47.0% |
| Stocks and contracts in progress | 3 | €18,250 | €18,250 | = | 0.0% |
| Stocks | 30/36 | €18,250 | €18,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €200,618 | €555 | -€200,063 | -99.7% |
| Trade receivables | 40 | €378 | €390 | +€12 | +3.2% |
| Other amounts receivable | 41 | €200,240 | €165 | -€200,075 | -99.9% |
| Cash at bank and in hand | 54/58 | €286,141 | €245,149 | -€40,992 | -14.3% |
| Deferred charges and accrued income | 490/1 | €12,199 | €10,365 | -€1,834 | -15.0% |
| Total equity and liabilities | 10/49 | €3,338,424 | €3,205,245 | -€133,179 | -4.0% |
| Equity | 10/15 | €1,357,993 | €1,380,516 | +€22,523 | +1.7% |
| Contributions | 10/11 | €197,000 | €197,000 | = | 0.0% |
| Capital | 10 | €197,000 | €197,000 | = | 0.0% |
| Issued capital | 100 | €197,000 | €197,000 | = | 0.0% |
| Reserves | 13 | €1,149,759 | €1,172,282 | +€22,523 | +2.0% |
| Non-distributable reserves | 130/1 | €19,700 | €19,700 | = | 0.0% |
| Legal reserve | 130 | €19,700 | €19,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €660,434 | €635,486 | -€24,948 | -3.8% |
| Distributable reserves | 133 | €469,624 | €517,096 | +€47,472 | +10.1% |
| Profit (loss) carried forward | 14 | €11,234 | €11,234 | = | 0.0% |
| Provisions and deferred taxes | 16 | €165,109 | €158,872 | -€6,237 | -3.8% |
| Deferred taxes | 168 | €165,109 | €158,872 | -€6,237 | -3.8% |
| Amounts payable | 17/49 | €1,815,323 | €1,665,857 | -€149,466 | -8.2% |
| Amounts payable after more than one year | 17 | €1,125,925 | €1,024,856 | -€101,070 | -9.0% |
| Financial debts | 170/4 | €1,125,925 | €1,024,856 | -€101,070 | -9.0% |
| Amounts payable within one year | 42/48 | €684,196 | €617,038 | -€67,158 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €101,849 | €105,057 | +€3,209 | +3.2% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Other loans | 439 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €10,807 | €6,425 | -€4,382 | -40.6% |
| Suppliers | 440/4 | €10,807 | €6,425 | -€4,382 | -40.6% |
| Taxes, remuneration and social security | 45 | €16,475 | €18,253 | +€1,778 | +10.8% |
| Taxes | 450/3 | €16,475 | €18,253 | +€1,778 | +10.8% |
| Other amounts payable | 47/48 | €255,066 | €187,304 | -€67,762 | -26.6% |
| Accrued charges and deferred income | 492/3 | €5,202 | €23,963 | +€18,762 | +360.7% |
| Non-recurring operating income | 76A | €93,582 | €0 | -€93,582 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,397 | €83,018 | -€3,379 | -3.9% |
| Other operating charges | 640/8 | €3,273 | €8,136 | +€4,862 | +148.5% |
| Non-recurring operating charges | 66A | - | €628 | +€628 | |
| Gross operating margin | 9900 | €205,358 | €188,869 | -€16,489 | -8.0% |
| Operating profit (loss) | 9901 | €115,687 | €97,087 | -€18,600 | -16.1% |
| Financial income | 75/76B | €5,073 | €3,683 | -€1,390 | -27.4% |
| Recurring financial income | 75 | €5,073 | €3,683 | -€1,390 | -27.4% |
| Financial charges | 65/66B | €32,747 | €64,208 | +€31,461 | +96.1% |
| Recurring financial charges | 65 | €32,747 | €64,208 | +€31,461 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €88,013 | €36,563 | -€51,451 | -58.5% |
| Transfer from deferred taxes | 780 | €4,110 | €6,237 | +€2,127 | +51.7% |
| Income taxes | 67/77 | €31,463 | €20,276 | -€11,187 | -35.6% |
| Profit (loss) for the period | 9904 | €60,661 | €22,523 | -€38,137 | -62.9% |
| Transfer from tax-exempt reserves | 789 | €16,441 | €24,948 | +€8,508 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,101 | €47,472 | -€29,630 | -38.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.