ART-BE: 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-BE
Largest movements
- Receivables within one year -€18,972
down €18,972 (-49.8%), from €38,116 to €19,144
of which Trade receivables: -€13,063
- Stocks and contracts +€14,700
up €14,700 (+84.7%), from €17,350 to €32,050
- Cash +€2,710
up €2,710 (+199%), from €1,360 to €4,070
mainly Receivables within one year (+€18,972) and Net result for the year (+€958)
- Trade debts -€2,092
down €2,092 (-69.0%), from €3,032 to €940
- Other debts -€1,228
down €1,228 (-51.2%), from €2,400 to €1,172
- Profit (loss) carried forward +€958
up €958 (+3.1%), from €31,299 to €32,257
- Tax, wage and social debts +€806
new in 2025: €806
- Gross operating margin -€4,592
down €4,592 (-69.1%), from €6,645 to €2,053
- Depreciation -€1,885
no longer reported in 2025 (was €1,885)
- Other operating charges +€283
up €283 (+37.7%), from €751 to €1,034
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 | €57,191 | €55,635 | -€1,555 | -2.7% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €57,041 | €55,485 | -€1,555 | -2.7% |
| Stocks and contracts in progress | 3 | €17,350 | €32,050 | +€14,700 | +84.7% |
| Stocks | 30/36 | €17,350 | €32,050 | +€14,700 | +84.7% |
| Amounts receivable within one year | 40/41 | €38,116 | €19,144 | -€18,972 | -49.8% |
| Trade receivables | 40 | €30,751 | €17,688 | -€13,063 | -42.5% |
| Other amounts receivable | 41 | €7,366 | €1,456 | -€5,909 | -80.2% |
| Cash at bank and in hand | 54/58 | €1,360 | €4,070 | +€2,710 | +199% |
| Deferred charges and accrued income | 490/1 | €214 | €221 | +€7 | +3.3% |
| Total equity and liabilities | 10/49 | €57,191 | €55,635 | -€1,555 | -2.7% |
| Equity | 10/15 | €51,759 | €52,717 | +€958 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,299 | €32,257 | +€958 | +3.1% |
| Amounts payable | 17/49 | €5,432 | €2,918 | -€2,513 | -46.3% |
| Amounts payable within one year | 42/48 | €5,432 | €2,918 | -€2,513 | -46.3% |
| Trade debts | 44 | €3,032 | €940 | -€2,092 | -69.0% |
| Suppliers | 440/4 | €3,032 | €940 | -€2,092 | -69.0% |
| Taxes, remuneration and social security | 45 | - | €806 | +€806 | |
| Remuneration and social security | 454/9 | - | €806 | +€806 | |
| Other amounts payable | 47/48 | €2,400 | €1,172 | -€1,228 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,885 | - | -€1,885 | |
| Other operating charges | 640/8 | €751 | €1,034 | +€283 | +37.7% |
| Gross operating margin | 9900 | €6,645 | €2,053 | -€4,592 | -69.1% |
| Operating profit (loss) | 9901 | €4,008 | €1,018 | -€2,990 | -74.6% |
| Financial charges | 65/66B | €103 | €60 | -€43 | -41.6% |
| Recurring financial charges | 65 | €103 | €60 | -€43 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €3,905 | €958 | -€2,947 | -75.5% |
| Profit (loss) for the period | 9904 | €3,905 | €958 | -€2,947 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,905 | €958 | -€2,947 | -75.5% |
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 13 October 2026 via checked.be.