ART 4 DESIGN: 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.
ART 4 DESIGN
Largest movements
- Receivables within one year +€15,910
up €15,910, from €0 to €15,910
of which Trade receivables: +€15,730
- Cash +€14,370
up €14,370 (+55.3%), from €26,008 to €40,378
mainly Net result for the year (+€53,401) and Depreciation (+€15,923)
- Tangible fixed assets -€7,723
down €7,723 (-14.0%), from €54,967 to €47,244
- Deferred charges and accrued income -€2,719
down €2,719 (-30.7%), from €8,855 to €6,136
- Reserves +€53,401
up €53,401 (+74.5%), from €71,719 to €125,120
of which Distributable reserves: +€53,401
- Debts after one year -€20,804
down €20,804 (-100%), from €20,804 to €0
- Current portion of long-term debt -€19,989
down €19,989 (-100%), from €19,989 to €0
- Tax, wage and social debts +€7,840
up €7,840 (+29.6%), from €26,507 to €34,347
of which Taxes: +€7,040
- Gross operating margin +€22,956
up €22,956 (+31.3%), from €73,277 to €96,233
- Taxes +€8,746
up €8,746 (+39.5%), from €22,166 to €30,912
- Financial charges -€2,276
down €2,276 (-87.8%), from €2,591 to €315
- Financial income +€2,109
up €2,109 (+53.5%), from €3,939 to €6,047
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 | €217,329 | €237,168 | +€19,839 | +9.1% |
| Fixed assets | 21/28 | €54,967 | €47,244 | -€7,723 | -14.0% |
| Tangible fixed assets | 22/27 | €54,967 | €47,244 | -€7,723 | -14.0% |
| Furniture and vehicles | 24 | €54,967 | €47,244 | -€7,723 | -14.0% |
| Current assets | 29/58 | €162,363 | €189,924 | +€27,561 | +17.0% |
| Amounts receivable after more than one year | 29 | €127,500 | €127,500 | = | 0.0% |
| Other amounts receivable | 291 | €127,500 | €127,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €15,910 | +€15,910 | |
| Trade receivables | 40 | - | €15,730 | +€15,730 | |
| Other amounts receivable | 41 | €0 | €180 | +€180 | |
| Cash at bank and in hand | 54/58 | €26,008 | €40,378 | +€14,370 | +55.3% |
| Deferred charges and accrued income | 490/1 | €8,855 | €6,136 | -€2,719 | -30.7% |
| Total equity and liabilities | 10/49 | €217,329 | €237,168 | +€19,839 | +9.1% |
| Equity | 10/15 | €147,445 | €200,846 | +€53,401 | +36.2% |
| Contributions | 10/11 | €7,653 | €7,653 | = | 0.0% |
| Reserves | 13 | €71,719 | €125,120 | +€53,401 | +74.5% |
| Tax-exempt reserves | 132 | €1,944 | €1,944 | = | 0.0% |
| Distributable reserves | 133 | €69,774 | €123,176 | +€53,401 | +76.5% |
| Profit (loss) carried forward | 14 | €68,074 | €68,074 | = | 0.0% |
| Amounts payable | 17/49 | €69,884 | €36,322 | -€33,563 | -48.0% |
| Amounts payable after more than one year | 17 | €20,804 | €0 | -€20,804 | -100% |
| Financial debts | 170/4 | €20,804 | €0 | -€20,804 | -100% |
| Amounts payable within one year | 42/48 | €49,080 | €36,322 | -€12,759 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €19,989 | €0 | -€19,989 | -100% |
| Trade debts | 44 | €1,748 | €1,975 | +€227 | +13.0% |
| Suppliers | 440/4 | €1,748 | €1,975 | +€227 | +13.0% |
| Taxes, remuneration and social security | 45 | €26,507 | €34,347 | +€7,840 | +29.6% |
| Taxes | 450/3 | €26,507 | €33,547 | +€7,040 | +26.6% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €836 | €0 | -€836 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,191 | €15,923 | +€731 | +4.8% |
| Other operating charges | 640/8 | €1,145 | €1,729 | +€584 | +51.0% |
| Gross operating margin | 9900 | €73,277 | €96,233 | +€22,956 | +31.3% |
| Operating profit (loss) | 9901 | €56,940 | €78,581 | +€21,641 | +38.0% |
| Financial income | 75/76B | €3,939 | €6,047 | +€2,109 | +53.5% |
| Recurring financial income | 75 | €3,939 | €6,047 | +€2,109 | +53.5% |
| Financial charges | 65/66B | €2,591 | €315 | -€2,276 | -87.8% |
| Recurring financial charges | 65 | €2,591 | €315 | -€2,276 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €58,288 | €84,313 | +€26,025 | +44.6% |
| Income taxes | 67/77 | €22,166 | €30,912 | +€8,746 | +39.5% |
| Profit (loss) for the period | 9904 | €36,121 | €53,401 | +€17,280 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,121 | €53,401 | +€17,280 | +47.8% |
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 31 October 2026 via checked.be.