ART - CHASSIS: 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 - CHASSIS
Largest movements
- Receivables within one year +€48,788
up €48,788 (+32.4%), from €150,492 to €199,280
of which Trade receivables: +€54,799
- Tangible fixed assets -€5,792
down €5,792 (-32.8%), from €17,685 to €11,893
of which Furniture and vehicles: -€2,990
- Intangible fixed assets -€4,000
down €4,000 (-48.7%), from €8,208 to €4,208
- Short-term financial debts +€15,500
new in 2025: €15,500
- Reserves +€13,141
up €13,141 (+10.6%), from €123,425 to €136,566
- Profit (loss) carried forward +€7,878
no longer reported in 2025 (was -€7,878)
- Trade debts -€6,327
down €6,327 (-9.5%), from €66,281 to €59,954
- Tax, wage and social debts +€5,901
up €5,901 (+693.4%), from €851 to €6,752
of which Taxes: +€6,600
- Gross operating margin +€57,661
up €57,661 (+59.7%), from €96,533 to €154,194
- Staff costs +€16,784
up €16,784 (+16.7%), from €100,476 to €117,260
- Taxes +€6,600
new in 2025: €6,600
- Financial income -€3,201
down €3,201 (-43.3%), from €7,387 to €4,186
- Financial charges -€1,730
down €1,730 (-53.7%), from €3,220 to €1,490
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 | €192,984 | €232,788 | +€39,804 | +20.6% |
| Fixed assets | 21/28 | €30,457 | €20,665 | -€9,792 | -32.2% |
| Intangible fixed assets | 21 | €8,208 | €4,208 | -€4,000 | -48.7% |
| Tangible fixed assets | 22/27 | €17,685 | €11,893 | -€5,792 | -32.8% |
| Plant, machinery and equipment | 23 | €9,292 | €6,490 | -€2,802 | -30.2% |
| Furniture and vehicles | 24 | €8,393 | €5,403 | -€2,990 | -35.6% |
| Financial fixed assets | 28 | €4,564 | €4,564 | = | 0.0% |
| Current assets | 29/58 | €162,527 | €212,123 | +€49,596 | +30.5% |
| Stocks and contracts in progress | 3 | €5,869 | €6,049 | +€180 | +3.1% |
| Stocks | 30/36 | €5,869 | €6,049 | +€180 | +3.1% |
| Amounts receivable within one year | 40/41 | €150,492 | €199,280 | +€48,788 | +32.4% |
| Trade receivables | 40 | €137,618 | €192,417 | +€54,799 | +39.8% |
| Other amounts receivable | 41 | €12,874 | €6,863 | -€6,011 | -46.7% |
| Cash at bank and in hand | 54/58 | €5,641 | €5,269 | -€372 | -6.6% |
| Deferred charges and accrued income | 490/1 | €525 | €1,525 | +€1,000 | +190.5% |
| Total equity and liabilities | 10/49 | €192,984 | €232,788 | +€39,804 | +20.6% |
| Equity | 10/15 | €120,150 | €141,169 | +€21,019 | +17.5% |
| Contributions | 10/11 | €4,603 | €4,603 | = | 0.0% |
| Reserves | 13 | €123,425 | €136,566 | +€13,141 | +10.6% |
| Distributable reserves | 133 | €123,425 | €136,566 | +€13,141 | +10.6% |
| Profit (loss) carried forward | 14 | -€7,878 | - | +€7,878 | |
| Amounts payable | 17/49 | €72,834 | €91,619 | +€18,785 | +25.8% |
| Amounts payable within one year | 42/48 | €72,834 | €91,619 | +€18,785 | +25.8% |
| Financial debts | 43 | - | €15,500 | +€15,500 | |
| Credit institutions | 430/8 | - | €15,500 | +€15,500 | |
| Trade debts | 44 | €66,281 | €59,954 | -€6,327 | -9.5% |
| Suppliers | 440/4 | €66,281 | €59,954 | -€6,327 | -9.5% |
| Taxes, remuneration and social security | 45 | €851 | €6,752 | +€5,901 | +693.4% |
| Taxes | 450/3 | - | €6,600 | +€6,600 | |
| Remuneration and social security | 454/9 | €851 | €152 | -€699 | -82.1% |
| Other amounts payable | 47/48 | €5,702 | €9,413 | +€3,711 | +65.1% |
| Non-recurring operating income | 76A | €4,037 | - | -€4,037 | |
| Remuneration, social security and pensions | 62 | €100,476 | €117,260 | +€16,784 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €9,792 | +€1,057 | +12.1% |
| Other operating charges | 640/8 | €1,198 | €2,219 | +€1,021 | +85.2% |
| Gross operating margin | 9900 | €96,533 | €154,194 | +€57,661 | +59.7% |
| Operating profit (loss) | 9901 | -€13,876 | €24,923 | +€38,799 | |
| Financial income | 75/76B | €7,387 | €4,186 | -€3,201 | -43.3% |
| Recurring financial income | 75 | €7,387 | €4,186 | -€3,201 | -43.3% |
| Financial charges | 65/66B | €3,220 | €1,490 | -€1,730 | -53.7% |
| Recurring financial charges | 65 | €3,220 | €1,490 | -€1,730 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,709 | €27,619 | +€37,328 | |
| Transfer from deferred taxes | 780 | €1,831 | - | -€1,831 | |
| Income taxes | 67/77 | - | €6,600 | +€6,600 | |
| Profit (loss) for the period | 9904 | -€7,878 | €21,019 | +€28,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,878 | €21,019 | +€28,897 |
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 5 October 2026 via checked.be.