ART - CASTING: what changed
Two fiscal 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 - CASTING
Largest movements
- Current investments +€350,000
up €350,000 (+140.0%), from €250,000 to €600,000
- Cash -€198,574
down €198,574 (-32.3%), from €615,208 to €416,634
mainly Current investments (-€350,000) and Investment in fixed assets (net) (-€159,770)
- Receivables within one year -€66,109
down €66,109 (-5.5%), from €1.2m to €1.1m
of which Trade receivables: -€130,657
- Advances received +€172,843
up €172,843 (+27.7%), from €623,176 to €796,019
- Reserves -€95,397
down €95,397 (-9.8%), from €976,557 to €881,160
of which Distributable reserves: -€95,397
- Other debts +€94,929
up €94,929 (+12553.7%), from €756 to €95,685
- Trade debts -€65,714
down €65,714 (-29.1%), from €225,920 to €160,206
- Debts after one year -€52,571
down €52,571 (-29.4%), from €178,836 to €126,265
- Gross operating margin -€424,448
down €424,448 (-15.5%), from €2.7m to €2.3m
- Taxes -€129,573
down €129,573 (-89.9%), from €144,126 to €14,553
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.
Cash bridge derived
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 | €3,004,061 | €3,103,054 | +€98,993 | +3.3% |
| Fixed assets | 21/28 | €471,659 | €483,644 | +€11,985 | +2.5% |
| Intangible fixed assets | 21 | €2,591 | €30,434 | +€27,842 | +1074.4% |
| Tangible fixed assets | 22/27 | €468,867 | €453,010 | -€15,857 | -3.4% |
| Plant, machinery and equipment | 23 | €280,574 | €222,230 | -€58,343 | -20.8% |
| Furniture and vehicles | 24 | €143,344 | €158,365 | +€15,021 | +10.5% |
| Other tangible fixed assets | 26 | €44,949 | €72,415 | +€27,465 | +61.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,532,403 | €2,619,411 | +€87,008 | +3.4% |
| Stocks and contracts in progress | 3 | €446,229 | €430,804 | -€15,424 | -3.5% |
| Stocks | 30/36 | €446,229 | €430,804 | -€15,424 | -3.5% |
| Amounts receivable within one year | 40/41 | €1,208,059 | €1,141,950 | -€66,109 | -5.5% |
| Trade receivables | 40 | €1,169,043 | €1,038,386 | -€130,657 | -11.2% |
| Other amounts receivable | 41 | €39,016 | €103,564 | +€64,548 | +165.4% |
| Current investments | 50/53 | €250,000 | €600,000 | +€350,000 | +140.0% |
| Cash at bank and in hand | 54/58 | €615,208 | €416,634 | -€198,574 | -32.3% |
| Deferred charges and accrued income | 490/1 | €12,907 | €30,022 | +€17,115 | +132.6% |
| Total equity and liabilities | 10/49 | €3,004,061 | €3,103,054 | +€98,993 | +3.3% |
| Equity | 10/15 | €1,606,758 | €1,543,739 | -€63,019 | -3.9% |
| Contributions | 10/11 | €26,162 | €26,162 | = | 0.0% |
| Reserves | 13 | €976,557 | €881,160 | -€95,397 | -9.8% |
| Tax-exempt reserves | 132 | €41,493 | €41,493 | = | 0.0% |
| Distributable reserves | 133 | €935,065 | €839,668 | -€95,397 | -10.2% |
| Profit (loss) carried forward | 14 | €604,038 | €636,416 | +€32,378 | +5.4% |
| Amounts payable | 17/49 | €1,397,304 | €1,559,316 | +€162,012 | +11.6% |
| Amounts payable after more than one year | 17 | €178,836 | €126,265 | -€52,571 | -29.4% |
| Financial debts | 170/4 | €178,836 | €126,265 | -€52,571 | -29.4% |
| Amounts payable within one year | 42/48 | €1,195,195 | €1,424,223 | +€229,028 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €96,457 | €126,171 | +€29,714 | +30.8% |
| Trade debts | 44 | €225,920 | €160,206 | -€65,714 | -29.1% |
| Suppliers | 440/4 | €225,920 | €160,206 | -€65,714 | -29.1% |
| Advances received on contracts in progress | 46 | €623,176 | €796,019 | +€172,843 | +27.7% |
| Taxes, remuneration and social security | 45 | €248,886 | €246,142 | -€2,744 | -1.1% |
| Taxes | 450/3 | €87,656 | €81,451 | -€6,205 | -7.1% |
| Remuneration and social security | 454/9 | €161,230 | €164,690 | +€3,461 | +2.1% |
| Other amounts payable | 47/48 | €756 | €95,685 | +€94,929 | +12553.7% |
| Accrued charges and deferred income | 492/3 | €23,272 | €8,828 | -€14,444 | -62.1% |
| Remuneration, social security and pensions | 62 | €2,131,752 | €2,117,995 | -€13,757 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,440 | €147,785 | +€13,346 | +9.9% |
| Other operating charges | 640/8 | €8,516 | €8,283 | -€233 | -2.7% |
| Gross operating margin | 9900 | €2,741,313 | €2,316,865 | -€424,448 | -15.5% |
| Operating profit (loss) | 9901 | €466,605 | €42,802 | -€423,803 | -90.8% |
| Financial income | 75/76B | €26,518 | €13,546 | -€12,972 | -48.9% |
| Recurring financial income | 75 | €26,518 | €13,546 | -€12,972 | -48.9% |
| Financial charges | 65/66B | €9,081 | €9,417 | +€336 | +3.7% |
| Recurring financial charges | 65 | €9,081 | €9,417 | +€336 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €484,041 | €46,931 | -€437,111 | -90.3% |
| Income taxes | 67/77 | €144,126 | €14,553 | -€129,573 | -89.9% |
| Profit (loss) for the period | 9904 | €339,916 | €32,378 | -€307,538 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €339,916 | €32,378 | -€307,538 | -90.5% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.