ART CHAPE: 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 CHAPE
Largest movements
- Receivables within one year +€39,311
up €39,311 (+160%), from €24,520 to €63,830
of which Trade receivables: +€37,629
- Cash +€17,195
up €17,195 (+61.7%), from €27,858 to €45,054
mainly Trade debts (+€38,271) and Net result for the year (+€19,668)
- Tangible fixed assets -€11,306
down €11,306 (-38.6%), from €29,262 to €17,955
of which Leasing and similar rights: -€8,120
- Stocks and contracts +€2,545
up €2,545 (+45.8%), from €5,561 to €8,106
- Trade debts +€38,271
up €38,271 (+1,366%), from €2,801 to €41,072
of which Bills of exchange payable: +€34,833
- Profit (loss) carried forward +€19,668
up €19,668 (+68.7%), from €28,639 to €48,307
- Debts after one year -€8,591
down €8,591 (-47.1%), from €18,225 to €9,635
- Tax, wage and social debts -€3,827
down €3,827 (-40.7%), from €9,404 to €5,576
of which Taxes: -€3,942
- Advances received +€2,722
new in 2025: €2,722
- Gross operating margin +€30,283
up €30,283 (+52.2%), from €58,045 to €88,328
- Taxes +€4,985
new in 2025: €4,985
- Staff costs -€1,661
down €1,661 (-3.4%), from €48,888 to €47,226
- Financial income +€1,364
up €1,364 (+25,121%), from €5 to €1,370
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 | €94,796 | €143,967 | +€49,171 | +51.9% |
| Fixed assets | 21/28 | €35,878 | €24,572 | -€11,306 | -31.5% |
| Tangible fixed assets | 22/27 | €29,262 | €17,955 | -€11,306 | -38.6% |
| Plant, machinery and equipment | 23 | €1,587 | €1,190 | -€397 | -25.0% |
| Furniture and vehicles | 24 | €3,805 | €1,015 | -€2,790 | -73.3% |
| Leasing and similar rights | 25 | €23,870 | €15,750 | -€8,120 | -34.0% |
| Financial fixed assets | 28 | €6,617 | €6,617 | = | 0.0% |
| Current assets | 29/58 | €58,918 | €119,395 | +€60,477 | +103% |
| Stocks and contracts in progress | 3 | €5,561 | €8,106 | +€2,545 | +45.8% |
| Stocks | 30/36 | €5,561 | €8,106 | +€2,545 | +45.8% |
| Amounts receivable within one year | 40/41 | €24,520 | €63,830 | +€39,311 | +160% |
| Trade receivables | 40 | €18,680 | €56,309 | +€37,629 | +201% |
| Other amounts receivable | 41 | €5,840 | €7,521 | +€1,681 | +28.8% |
| Cash at bank and in hand | 54/58 | €27,858 | €45,054 | +€17,195 | +61.7% |
| Deferred charges and accrued income | 490/1 | €979 | €2,405 | +€1,426 | +146% |
| Total equity and liabilities | 10/49 | €94,796 | €143,967 | +€49,171 | +51.9% |
| Equity | 10/15 | €47,239 | €66,907 | +€19,668 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,639 | €48,307 | +€19,668 | +68.7% |
| Amounts payable | 17/49 | €47,557 | €77,060 | +€29,503 | +62.0% |
| Amounts payable after more than one year | 17 | €18,225 | €9,635 | -€8,591 | -47.1% |
| Financial debts | 170/4 | €18,225 | €9,635 | -€8,591 | -47.1% |
| Amounts payable within one year | 42/48 | €29,112 | €66,918 | +€37,806 | +130% |
| Current portion of amounts payable after more than one year | 42 | €7,997 | €8,591 | +€594 | +7.4% |
| Trade debts | 44 | €2,801 | €41,072 | +€38,271 | +1,366% |
| Suppliers | 440/4 | €2,801 | €6,240 | +€3,438 | +123% |
| Bills of exchange payable | 441 | - | €34,833 | +€34,833 | |
| Advances received on contracts in progress | 46 | - | €2,722 | +€2,722 | |
| Taxes, remuneration and social security | 45 | €9,404 | €5,576 | -€3,827 | -40.7% |
| Taxes | 450/3 | €8,927 | €4,985 | -€3,942 | -44.2% |
| Remuneration and social security | 454/9 | €476 | €591 | +€115 | +24.1% |
| Other amounts payable | 47/48 | €8,910 | €8,957 | +€47 | +0.5% |
| Accrued charges and deferred income | 492/3 | €220 | €507 | +€287 | +131% |
| Remuneration, social security and pensions | 62 | €48,888 | €47,226 | -€1,661 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,498 | €11,306 | -€192 | -1.7% |
| Other operating charges | 640/8 | €1,284 | €1,770 | +€486 | +37.8% |
| Gross operating margin | 9900 | €58,045 | €88,328 | +€30,283 | +52.2% |
| Operating profit (loss) | 9901 | -€3,625 | €28,026 | +€31,650 | |
| Financial income | 75/76B | €5 | €1,370 | +€1,364 | +25,121% |
| Recurring financial income | 75 | €5 | €1,370 | +€1,364 | +25,121% |
| Financial charges | 65/66B | €5,570 | €4,742 | -€828 | -14.9% |
| Recurring financial charges | 65 | €5,570 | €4,742 | -€828 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,189 | €24,653 | +€33,842 | |
| Income taxes | 67/77 | - | €4,985 | +€4,985 | |
| Profit (loss) for the period | 9904 | -€9,189 | €19,668 | +€28,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,189 | €19,668 | +€28,857 |
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 28 October 2026 via checked.be.