ART AVENUE: 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 AVENUE
Largest movements
- Cash -€6,131
down €6,131 (-50.4%), from €12,167 to €6,036
mainly Trade debts (-€6,600) and Short-term financial debts (-€4,804)
- Receivables within one year -€3,376
down €3,376 (-82.0%), from €4,119 to €743
of which Trade receivables: -€3,925
- Deferred charges and accrued income +€3,187
up €3,187 (+2,841%), from €112 to €3,299
- Tangible fixed assets +€1,251
up €1,251, from €0 to €1,251
- Trade debts -€6,600
down €6,600 (-94.3%), from €7,002 to €402
- Short-term financial debts -€4,804
down €4,804 (-100%), from €4,804 to €0
- Tax, wage and social debts +€4,078
up €4,078 (+8.7%), from €46,710 to €50,788
- Other debts +€1,885
up €1,885 (+265%), from €711 to €2,596
- Gross operating margin +€6,595
up €6,595, from -€667 to €5,928
- Financial charges +€2,296
up €2,296 (+86.4%), from €2,657 to €4,953
- Other operating charges -€596
down €596 (-40.7%), from €1,463 to €867
- Financial income -€90
down €90 (-99.6%), from €90 to €0
- Depreciation +€71
up €71, from €0 to €71
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 | €41,983 | €36,580 | -€5,403 | -12.9% |
| Fixed assets | 21/28 | €0 | €1,251 | +€1,251 | |
| Tangible fixed assets | 22/27 | €0 | €1,251 | +€1,251 | |
| Furniture and vehicles | 24 | €0 | €1,251 | +€1,251 | |
| Current assets | 29/58 | €41,983 | €35,329 | -€6,654 | -15.8% |
| Stocks and contracts in progress | 3 | €25,585 | €25,252 | -€333 | -1.3% |
| Stocks | 30/36 | €25,585 | €25,252 | -€333 | -1.3% |
| Amounts receivable within one year | 40/41 | €4,119 | €743 | -€3,376 | -82.0% |
| Trade receivables | 40 | €3,925 | €0 | -€3,925 | -100% |
| Other amounts receivable | 41 | €195 | €743 | +€548 | +282% |
| Cash at bank and in hand | 54/58 | €12,167 | €6,036 | -€6,131 | -50.4% |
| Deferred charges and accrued income | 490/1 | €112 | €3,299 | +€3,187 | +2,841% |
| Total equity and liabilities | 10/49 | €41,983 | €36,580 | -€5,403 | -12.9% |
| Equity | 10/15 | -€17,244 | -€17,206 | +€38 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,844 | -€35,806 | +€38 | +0.1% |
| Amounts payable | 17/49 | €59,226 | €53,786 | -€5,441 | -9.2% |
| Amounts payable within one year | 42/48 | €59,226 | €53,786 | -€5,441 | -9.2% |
| Financial debts | 43 | €4,804 | €0 | -€4,804 | -100% |
| Credit institutions | 430/8 | €4,804 | €0 | -€4,804 | -100% |
| Trade debts | 44 | €7,002 | €402 | -€6,600 | -94.3% |
| Suppliers | 440/4 | €7,002 | €402 | -€6,600 | -94.3% |
| Taxes, remuneration and social security | 45 | €46,710 | €50,788 | +€4,078 | +8.7% |
| Taxes | 450/3 | €46,710 | €50,788 | +€4,078 | +8.7% |
| Other amounts payable | 47/48 | €711 | €2,596 | +€1,885 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €71 | +€71 | |
| Other operating charges | 640/8 | €1,463 | €867 | -€596 | -40.7% |
| Gross operating margin | 9900 | -€667 | €5,928 | +€6,595 | |
| Operating profit (loss) | 9901 | -€2,130 | €4,990 | +€7,121 | |
| Financial income | 75/76B | €90 | €0 | -€90 | -99.6% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -99.6% |
| Financial charges | 65/66B | €2,657 | €4,953 | +€2,296 | +86.4% |
| Recurring financial charges | 65 | €2,657 | €4,953 | +€2,296 | +86.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,697 | €38 | +€4,735 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€4,697 | €38 | +€4,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,697 | €38 | +€4,735 |
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.