ART'BOIS: 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'BOIS
Largest movements
- Cash -€51,522
down €51,522 (-64.9%), from €79,403 to €27,881
mainly Trade debts (-€29,189) and Tax, wage and social debts (-€14,882)
- Receivables within one year +€11,087
up €11,087 (+57.6%), from €19,254 to €30,341
of which Other amounts receivable: +€8,189
- Tangible fixed assets -€1,987
down €1,987 (-3.7%), from €53,036 to €51,049
of which Land and buildings: -€1,698
- Trade debts -€29,189
down €29,189 (-74.1%), from €39,387 to €10,198
- Tax, wage and social debts -€14,882
down €14,882 (-86.4%), from €17,226 to €2,344
of which Taxes: -€15,327
- Other debts +€13,496
new in 2025: €13,496
- Current portion of long-term debt -€6,742
down €6,742 (-59.2%), from €11,385 to €4,643
- Debts after one year -€4,643
down €4,643 (-19.5%), from €23,767 to €19,124
- Gross operating margin -€13,706
down €13,706 (-59.6%), from €22,984 to €9,278
- Staff costs -€7,029
down €7,029 (-84.7%), from €8,301 to €1,272
- Other operating charges -€6,007
down €6,007 (-74.5%), from €8,066 to €2,059
- Taxes -€3,294
down €3,294 (-81.3%), from €4,051 to €757
- Financial charges -€940
down €940 (-22.3%), from €4,206 to €3,266
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 | €152,062 | €109,971 | -€42,091 | -27.7% |
| Fixed assets | 21/28 | €53,116 | €51,129 | -€1,987 | -3.7% |
| Tangible fixed assets | 22/27 | €53,036 | €51,049 | -€1,987 | -3.7% |
| Land and buildings | 22 | €50,582 | €48,884 | -€1,698 | -3.4% |
| Plant, machinery and equipment | 23 | €1,160 | €1,031 | -€129 | -11.1% |
| Furniture and vehicles | 24 | €1,294 | €1,134 | -€160 | -12.3% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €98,946 | €58,842 | -€40,104 | -40.5% |
| Amounts receivable within one year | 40/41 | €19,254 | €30,341 | +€11,087 | +57.6% |
| Trade receivables | 40 | €15,425 | €18,323 | +€2,898 | +18.8% |
| Other amounts receivable | 41 | €3,829 | €12,018 | +€8,189 | +214% |
| Cash at bank and in hand | 54/58 | €79,403 | €27,881 | -€51,522 | -64.9% |
| Deferred charges and accrued income | 490/1 | €289 | €620 | +€331 | +115% |
| Total equity and liabilities | 10/49 | €152,062 | €109,971 | -€42,091 | -27.7% |
| Equity | 10/15 | €60,297 | €60,166 | -€131 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,237 | €52,106 | -€131 | -0.3% |
| Amounts payable | 17/49 | €91,765 | €49,805 | -€41,960 | -45.7% |
| Amounts payable after more than one year | 17 | €23,767 | €19,124 | -€4,643 | -19.5% |
| Financial debts | 170/4 | €23,767 | €19,124 | -€4,643 | -19.5% |
| Amounts payable within one year | 42/48 | €67,998 | €30,681 | -€37,317 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €11,385 | €4,643 | -€6,742 | -59.2% |
| Trade debts | 44 | €39,387 | €10,198 | -€29,189 | -74.1% |
| Suppliers | 440/4 | €39,387 | €10,198 | -€29,189 | -74.1% |
| Taxes, remuneration and social security | 45 | €17,226 | €2,344 | -€14,882 | -86.4% |
| Taxes | 450/3 | €17,226 | €1,899 | -€15,327 | -89.0% |
| Remuneration and social security | 454/9 | - | €445 | +€445 | |
| Other amounts payable | 47/48 | - | €13,496 | +€13,496 | |
| Remuneration, social security and pensions | 62 | €8,301 | €1,272 | -€7,029 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,915 | €1,986 | -€929 | -31.9% |
| Other operating charges | 640/8 | €8,066 | €2,059 | -€6,007 | -74.5% |
| Non-recurring operating charges | 66A | - | €68 | +€68 | |
| Gross operating margin | 9900 | €22,984 | €9,278 | -€13,706 | -59.6% |
| Operating profit (loss) | 9901 | €3,702 | €3,892 | +€190 | +5.1% |
| Financial income | 75/76B | €1 | €1 | -€0 | -47.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -47.0% |
| Financial charges | 65/66B | €4,206 | €3,266 | -€940 | -22.3% |
| Recurring financial charges | 65 | €4,206 | €3,266 | -€940 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€503 | €627 | +€1,130 | |
| Income taxes | 67/77 | €4,051 | €757 | -€3,294 | -81.3% |
| Profit (loss) for the period | 9904 | -€4,554 | -€131 | +€4,423 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,554 | -€131 | +€4,423 | +97.1% |
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 29 October 2026 via checked.be.