ART AND MOVE: 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 AND MOVE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year +€100,290
up €100,290 (+20.6%), from €486,117 to €586,407
- Trade debts -€100,003
no longer reported in 2025 (was €100,003)
- Other operating charges -€48,010
no longer reported in 2025 (was €48,010)
- Gross operating margin -€62
new in 2025: -€62
- Financial charges -€5
down €5 (-2.0%), from €229 to €225
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,242 | €788,242 | = | 0.0% |
| Current assets | 29/58 | €788,242 | €788,242 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €788,242 | €788,242 | = | 0.0% |
| Trade receivables | 40 | €39,325 | €39,325 | = | 0.0% |
| Other amounts receivable | 41 | €748,917 | €748,917 | = | 0.0% |
| Total equity and liabilities | 10/49 | €788,242 | €788,242 | = | 0.0% |
| Equity | 10/15 | €89,622 | €89,335 | -€287 | -0.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €58,635 | €58,348 | -€287 | -0.5% |
| Non-distributable reserves | 130/1 | €3,633 | €3,633 | = | 0.0% |
| Legal reserve | 130 | €3,633 | €3,633 | = | 0.0% |
| Distributable reserves | 133 | €55,002 | €54,715 | -€287 | -0.5% |
| Amounts payable | 17/49 | €698,620 | €698,907 | +€287 | 0.0% |
| Amounts payable after more than one year | 17 | €486,117 | €586,407 | +€100,290 | +20.6% |
| Other amounts payable | 178/9 | €486,117 | €586,407 | +€100,290 | +20.6% |
| Amounts payable within one year | 42/48 | €212,503 | €112,500 | -€100,003 | -47.1% |
| Trade debts | 44 | €100,003 | - | -€100,003 | |
| Suppliers | 440/4 | €100,003 | - | -€100,003 | |
| Other amounts payable | 47/48 | €112,500 | €112,500 | = | 0.0% |
| Other operating charges | 640/8 | €48,010 | - | -€48,010 | |
| Gross operating margin | 9900 | - | -€62 | -€62 | |
| Operating profit (loss) | 9901 | -€48,010 | -€62 | +€47,948 | +99.9% |
| Financial charges | 65/66B | €229 | €225 | -€5 | -2.0% |
| Recurring financial charges | 65 | €229 | €225 | -€5 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€48,239 | -€287 | +€47,952 | +99.4% |
| Profit (loss) for the period | 9904 | -€48,239 | -€287 | +€47,952 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,239 | -€287 | +€47,952 | +99.4% |
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 25 October 2026 via checked.be.