Ars & artes: 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.
Ars & artes
Largest movements
- Tangible fixed assets +€3,235
new in 2025: €3,235
- Deferred charges and accrued income -€941
down €941 (-87.1%), from €1,080 to €140
- Financial fixed assets -€300
down €300 (-92.3%), from €325 to €25
- Cash +€264
up €264 (+6.0%), from €4,415 to €4,679
mainly Other debts (+€4,217) and Deferred charges and accrued income (+€941)
- Receivables within one year +€120
up €120 (+7.0%), from €1,711 to €1,831
- Other debts +€4,217
up €4,217 (+22.5%), from €18,767 to €22,984
- Profit (loss) carried forward -€1,717
down €1,717 (-7.0%), from -€24,654 to -€26,370
- Tax, wage and social debts -€163
down €163 (-30.0%), from €545 to €382
- Gross operating margin +€1,344
up €1,344 (+71.9%), from -€1,870 to -€526
- Depreciation +€369
new in 2025: €369
- Taxes +€20
up €20 (+11.1%), from €181 to €202
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 | €7,532 | €9,910 | +€2,378 | +31.6% |
| Fixed assets | 21/28 | €325 | €3,260 | +€2,935 | +903.0% |
| Tangible fixed assets | 22/27 | - | €3,235 | +€3,235 | |
| Furniture and vehicles | 24 | - | €3,235 | +€3,235 | |
| Financial fixed assets | 28 | €325 | €25 | -€300 | -92.3% |
| Current assets | 29/58 | €7,207 | €6,650 | -€557 | -7.7% |
| Amounts receivable within one year | 40/41 | €1,711 | €1,831 | +€120 | +7.0% |
| Trade receivables | 40 | €1,711 | €1,831 | +€120 | +7.0% |
| Cash at bank and in hand | 54/58 | €4,415 | €4,679 | +€264 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,080 | €140 | -€941 | -87.1% |
| Total equity and liabilities | 10/49 | €7,532 | €9,910 | +€2,378 | +31.6% |
| Equity | 10/15 | -€12,254 | -€13,970 | -€1,717 | -14.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,654 | -€26,370 | -€1,717 | -7.0% |
| Amounts payable | 17/49 | €19,786 | €23,880 | +€4,095 | +20.7% |
| Amounts payable within one year | 42/48 | €19,786 | €23,880 | +€4,095 | +20.7% |
| Trade debts | 44 | €473 | €515 | +€41 | +8.7% |
| Suppliers | 440/4 | €473 | €515 | +€41 | +8.7% |
| Taxes, remuneration and social security | 45 | €545 | €382 | -€163 | -30.0% |
| Taxes | 450/3 | €545 | €382 | -€163 | -30.0% |
| Other amounts payable | 47/48 | €18,767 | €22,984 | +€4,217 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €369 | +€369 | |
| Other operating charges | 640/8 | €565 | €583 | +€18 | +3.1% |
| Gross operating margin | 9900 | -€1,870 | -€526 | +€1,344 | +71.9% |
| Operating profit (loss) | 9901 | -€2,436 | -€1,478 | +€958 | +39.3% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €40 | €42 | +€3 | +6.3% |
| Recurring financial charges | 65 | €40 | €42 | +€3 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,476 | -€1,515 | +€961 | +38.8% |
| Income taxes | 67/77 | €181 | €202 | +€20 | +11.1% |
| Profit (loss) for the period | 9904 | -€2,657 | -€1,717 | +€940 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,657 | -€1,717 | +€940 | +35.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.