ART & ADVICE: 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 & ADVICE
Largest movements
- Cash +€20,984
up €20,984 (+483%), from €4,340 to €25,325
mainly Receivables within one year (+€14,219) and Stocks and contracts (+€14,077)
- Receivables within one year -€14,219
down €14,219 (-57.9%), from €24,570 to €10,350
of which Trade receivables: -€12,836
- Stocks and contracts -€14,077
down €14,077 (-12.1%), from €116,428 to €102,351
- Other debts -€5,370
down €5,370 (-9.0%), from €59,351 to €53,982
- Tax, wage and social debts +€4,651
up €4,651 (+23.6%), from €19,705 to €24,357
of which Taxes: +€4,651
- Trade debts -€4,455
down €4,455 (-80.7%), from €5,522 to €1,066
- Advances received -€2,542
down €2,542 (-100%), from €2,542 to €0
- Profit (loss) carried forward +€1,742
up €1,742 (+12.1%), from -€14,389 to -€12,647
- Gross operating margin +€16,765
up €16,765, from -€9,700 to €7,065
- Other operating charges -€1,283
down €1,283 (-50.4%), from €2,544 to €1,261
- Financial income +€304
new in 2025: €304
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 | €149,757 | €142,554 | -€7,203 | -4.8% |
| Fixed assets | 21/28 | €2,323 | €2,577 | +€254 | +10.9% |
| Tangible fixed assets | 22/27 | €2,323 | €2,577 | +€254 | +10.9% |
| Furniture and vehicles | 24 | €2,323 | €2,577 | +€254 | +10.9% |
| Current assets | 29/58 | €147,435 | €139,977 | -€7,457 | -5.1% |
| Stocks and contracts in progress | 3 | €116,428 | €102,351 | -€14,077 | -12.1% |
| Stocks | 30/36 | €116,428 | €102,351 | -€14,077 | -12.1% |
| Amounts receivable within one year | 40/41 | €24,570 | €10,350 | -€14,219 | -57.9% |
| Trade receivables | 40 | €22,785 | €9,949 | -€12,836 | -56.3% |
| Other amounts receivable | 41 | €1,785 | €402 | -€1,383 | -77.5% |
| Cash at bank and in hand | 54/58 | €4,340 | €25,325 | +€20,984 | +483% |
| Deferred charges and accrued income | 490/1 | €2,097 | €1,951 | -€145 | -6.9% |
| Total equity and liabilities | 10/49 | €149,757 | €142,554 | -€7,203 | -4.8% |
| Equity | 10/15 | €61,228 | €62,970 | +€1,742 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,017 | €57,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €49,517 | €49,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,389 | -€12,647 | +€1,742 | +12.1% |
| Amounts payable | 17/49 | €88,530 | €79,584 | -€8,945 | -10.1% |
| Amounts payable within one year | 42/48 | €87,121 | €79,404 | -€7,716 | -8.9% |
| Trade debts | 44 | €5,522 | €1,066 | -€4,455 | -80.7% |
| Suppliers | 440/4 | €5,522 | €1,066 | -€4,455 | -80.7% |
| Advances received on contracts in progress | 46 | €2,542 | €0 | -€2,542 | -100% |
| Taxes, remuneration and social security | 45 | €19,705 | €24,357 | +€4,651 | +23.6% |
| Taxes | 450/3 | €6,505 | €11,157 | +€4,651 | +71.5% |
| Remuneration and social security | 454/9 | €13,200 | €13,200 | = | 0.0% |
| Other amounts payable | 47/48 | €59,351 | €53,982 | -€5,370 | -9.0% |
| Accrued charges and deferred income | 492/3 | €1,409 | €180 | -€1,229 | -87.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €1,651 | +€81 | +5.1% |
| Other operating charges | 640/8 | €2,544 | €1,261 | -€1,283 | -50.4% |
| Non-recurring operating charges | 66A | - | €2,215 | +€2,215 | |
| Gross operating margin | 9900 | -€9,700 | €7,065 | +€16,765 | |
| Operating profit (loss) | 9901 | -€13,814 | €1,938 | +€15,753 | |
| Financial income | 75/76B | - | €304 | +€304 | |
| Recurring financial income | 75 | - | €304 | +€304 | |
| Financial charges | 65/66B | €233 | €151 | -€81 | -35.0% |
| Recurring financial charges | 65 | €233 | €151 | -€81 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,047 | €2,091 | +€16,138 | |
| Income taxes | 67/77 | €342 | €349 | +€7 | +2.0% |
| Profit (loss) for the period | 9904 | -€14,389 | €1,742 | +€16,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,389 | €1,742 | +€16,131 |
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 21 October 2026 via checked.be.