ART CHAUFFAGE: what changed
ART CHAUFFAGE
Largest movements
- Cash +€67,959
up €67,959 (+75.7%), from €89,824 to €157,782
mainly Other debts (+€146,361) and Net result for the year (+€67,586)
- Current investments +€65,397
up €65,397 (+26.2%), from €250,000 to €315,396
- Tangible fixed assets -€10,835
down €10,835 (-20.4%), from €53,175 to €42,340
of which Furniture and vehicles: -€9,028
- Other debts +€146,361
up €146,361 (+1,222%), from €11,981 to €158,342
- Accrued charges and deferred income +€64,543
up €64,543 (+196,120%), from €33 to €64,576
- Profit (loss) carried forward -€62,200
down €62,200 (-63.9%), from €97,335 to €35,135
- Reserves -€40,759
down €40,759 (-18.2%), from €223,514 to €182,755
- Tax, wage and social debts +€16,085
up €16,085 (+1,046%), from €1,539 to €17,624
- Taxes +€6,734
up €6,734 (+26.3%), from €25,584 to €32,318
- Depreciation -€5,268
down €5,268 (-26.2%), from €20,104 to €14,835
- Financial income +€5,241
up €5,241 (+295%), from €1,776 to €7,017
- Gross operating margin -€3,323
down €3,323 (-2.9%), from €113,128 to €109,804
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,419 | €539,505 | +€124,086 | +29.9% |
| Fixed assets | 21/28 | €57,983 | €43,148 | -€14,835 | -25.6% |
| Intangible fixed assets | 21 | €4,809 | €809 | -€4,000 | -83.2% |
| Tangible fixed assets | 22/27 | €53,175 | €42,340 | -€10,835 | -20.4% |
| Land and buildings | 22 | €22,251 | €20,927 | -€1,324 | -6.0% |
| Plant, machinery and equipment | 23 | €1,657 | €1,173 | -€483 | -29.2% |
| Furniture and vehicles | 24 | €29,267 | €20,239 | -€9,028 | -30.8% |
| Current assets | 29/58 | €357,436 | €496,357 | +€138,921 | +38.9% |
| Stocks and contracts in progress | 3 | €5,964 | €10,894 | +€4,930 | +82.7% |
| Stocks | 30/36 | €5,964 | €10,894 | +€4,930 | +82.7% |
| Amounts receivable within one year | 40/41 | €9,043 | €10,593 | +€1,550 | +17.1% |
| Trade receivables | 40 | €4,530 | €6,621 | +€2,091 | +46.1% |
| Other amounts receivable | 41 | €4,513 | €3,972 | -€541 | -12.0% |
| Current investments | 50/53 | €250,000 | €315,396 | +€65,397 | +26.2% |
| Cash at bank and in hand | 54/58 | €89,824 | €157,782 | +€67,959 | +75.7% |
| Deferred charges and accrued income | 490/1 | €2,605 | €1,691 | -€914 | -35.1% |
| Total equity and liabilities | 10/49 | €415,419 | €539,505 | +€124,086 | +29.9% |
| Equity | 10/15 | €397,289 | €294,330 | -€102,959 | -25.9% |
| Contributions | 10/11 | €76,440 | €76,440 | = | 0.0% |
| Reserves | 13 | €223,514 | €182,755 | -€40,759 | -18.2% |
| Distributable reserves | 133 | €223,514 | €182,755 | -€40,759 | -18.2% |
| Profit (loss) carried forward | 14 | €97,335 | €35,135 | -€62,200 | -63.9% |
| Amounts payable | 17/49 | €18,130 | €245,175 | +€227,045 | +1,252% |
| Amounts payable within one year | 42/48 | €18,097 | €180,599 | +€162,502 | +898% |
| Current portion of amounts payable after more than one year | 42 | €800 | - | -€800 | |
| Trade debts | 44 | €3,777 | €4,633 | +€856 | +22.7% |
| Suppliers | 440/4 | €3,777 | €4,633 | +€856 | +22.7% |
| Taxes, remuneration and social security | 45 | €1,539 | €17,624 | +€16,085 | +1,046% |
| Taxes | 450/3 | €1,539 | €17,624 | +€16,085 | +1,046% |
| Other amounts payable | 47/48 | €11,981 | €158,342 | +€146,361 | +1,222% |
| Accrued charges and deferred income | 492/3 | €33 | €64,576 | +€64,543 | +196,120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,104 | €14,835 | -€5,268 | -26.2% |
| Other operating charges | 640/8 | €1,646 | €1,907 | +€261 | +15.8% |
| Gross operating margin | 9900 | €113,128 | €109,804 | -€3,323 | -2.9% |
| Operating profit (loss) | 9901 | €91,378 | €93,063 | +€1,684 | +1.8% |
| Financial income | 75/76B | €1,776 | €7,017 | +€5,241 | +295% |
| Recurring financial income | 75 | €1,776 | €7,017 | +€5,241 | +295% |
| Financial charges | 65/66B | €175 | €176 | +€1 | +0.7% |
| Recurring financial charges | 65 | €175 | €176 | +€1 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €92,979 | €99,903 | +€6,924 | +7.4% |
| Income taxes | 67/77 | €25,584 | €32,318 | +€6,734 | +26.3% |
| Profit (loss) for the period | 9904 | €67,396 | €67,586 | +€190 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,396 | €67,586 | +€190 | +0.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.