Art Bishop: 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 Bishop
Largest movements
- Tangible fixed assets -€14,244
down €14,244 (-29.7%), from €48,021 to €33,777
of which Land and buildings: -€8,240
- Receivables within one year -€5,073
down €5,073 (-37.2%), from €13,641 to €8,568
of which Trade receivables: -€3,569
- Cash -€4,390
down €4,390 (-19.2%), from €22,837 to €18,447
mainly Net result for the year (-€19,227) and Investment in fixed assets (net) (-€5,545)
- Stocks and contracts +€1,256
up €1,256 (+42.1%), from €2,984 to €4,240
- Profit (loss) carried forward -€19,227
down €19,227 (-23.2%), from €83,015 to €63,787
- Trade debts -€2,803
no longer reported in 2025 (was €2,803)
- Gross operating margin -€12,684
down €12,684 (-85.7%), from €14,809 to €2,124
- Turnover -€5,484
down €5,484 (-6.4%), from €86,230 to €80,746
- Purchases and services +€5,223
up €5,223 (+6.6%), from €78,847 to €84,070
- Depreciation -€3,266
down €3,266 (-14.2%), from €23,054 to €19,788
- Taxes -€1,827
no longer reported in 2025 (was €1,827)
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 | €87,520 | €65,288 | -€22,232 | -25.4% |
| Fixed assets | 21/28 | €48,021 | €33,777 | -€14,244 | -29.7% |
| Tangible fixed assets | 22/27 | €48,021 | €33,777 | -€14,244 | -29.7% |
| Land and buildings | 22 | €23,339 | €15,100 | -€8,240 | -35.3% |
| Plant, machinery and equipment | 23 | €24,435 | €18,678 | -€5,757 | -23.6% |
| Furniture and vehicles | 24 | €247 | - | -€247 | |
| Current assets | 29/58 | €39,499 | €31,510 | -€7,988 | -20.2% |
| Stocks and contracts in progress | 3 | €2,984 | €4,240 | +€1,256 | +42.1% |
| Stocks | 30/36 | €2,984 | €4,240 | +€1,256 | +42.1% |
| Amounts receivable within one year | 40/41 | €13,641 | €8,568 | -€5,073 | -37.2% |
| Trade receivables | 40 | €6,531 | €2,962 | -€3,569 | -54.7% |
| Other amounts receivable | 41 | €7,111 | €5,607 | -€1,504 | -21.2% |
| Cash at bank and in hand | 54/58 | €22,837 | €18,447 | -€4,390 | -19.2% |
| Deferred charges and accrued income | 490/1 | €36 | €255 | +€218 | +601% |
| Total equity and liabilities | 10/49 | €87,520 | €65,288 | -€22,232 | -25.4% |
| Equity | 10/15 | €83,015 | €63,787 | -€19,227 | -23.2% |
| Profit (loss) carried forward | 14 | €83,015 | €63,787 | -€19,227 | -23.2% |
| Amounts payable | 17/49 | €4,505 | €1,500 | -€3,005 | -66.7% |
| Amounts payable within one year | 42/48 | €3,370 | - | -€3,370 | |
| Trade debts | 44 | €2,803 | - | -€2,803 | |
| Suppliers | 440/4 | €2,803 | - | -€2,803 | |
| Taxes, remuneration and social security | 45 | €567 | - | -€567 | |
| Taxes | 450/3 | €567 | - | -€567 | |
| Accrued charges and deferred income | 492/3 | €1,135 | €1,500 | +€365 | +32.2% |
| Turnover | 70 | €86,230 | €80,746 | -€5,484 | -6.4% |
| Non-recurring operating income | 76A | €5,264 | €3,736 | -€1,528 | -29.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,847 | €84,070 | +€5,223 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,054 | €19,788 | -€3,266 | -14.2% |
| Other operating charges | 640/8 | €478 | €1,250 | +€772 | +162% |
| Non-recurring operating charges | 66A | - | €52 | +€52 | |
| Gross operating margin | 9900 | €14,809 | €2,124 | -€12,684 | -85.7% |
| Operating profit (loss) | 9901 | -€8,724 | -€18,967 | -€10,243 | -117% |
| Financial income | 75/76B | €0 | €3 | +€3 | +17,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +17,200% |
| Financial charges | 65/66B | €281 | €264 | -€17 | -6.1% |
| Recurring financial charges | 65 | €281 | €264 | -€17 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,005 | -€19,227 | -€10,222 | -114% |
| Income taxes | 67/77 | €1,827 | - | -€1,827 | |
| Profit (loss) for the period | 9904 | -€10,831 | -€19,227 | -€8,396 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,831 | -€19,227 | -€8,396 | -77.5% |
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 14 October 2026 via checked.be.