ART-CHI-MADE: 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-CHI-MADE
Largest movements
- Tangible fixed assets -€25,722
down €25,722 (-33.4%), from €77,075 to €51,353
- Deferred charges and accrued income +€17,398
up €17,398 (+103%), from €16,866 to €34,265
- Receivables within one year -€10,194
down €10,194 (-70.6%), from €14,448 to €4,253
of which Trade receivables: -€10,194
- Cash -€4,071
down €4,071 (-4.4%), from €91,552 to €87,481
mainly Deferred charges and accrued income (-€17,398) and Debts after one year (-€14,262)
- Debts after one year -€14,262
down €14,262 (-47.5%), from €30,032 to €15,770
- Other debts -€11,506
down €11,506 (-61.6%), from €18,688 to €7,182
- Profit (loss) carried forward +€8,748
up €8,748 (+11.4%), from €76,472 to €85,220
- Trade debts -€3,455
down €3,455 (-11.1%), from €31,201 to €27,746
- Tax, wage and social debts -€2,690
down €2,690 (-14.5%), from €18,592 to €15,902
- Gross operating margin +€3,600
up €3,600 (+8.5%), from €42,443 to €46,043
- Taxes +€1,253
up €1,253 (+19.6%), from €6,381 to €7,633
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 | €203,736 | €180,170 | -€23,566 | -11.6% |
| Fixed assets | 21/28 | €80,870 | €54,171 | -€26,699 | -33.0% |
| Intangible fixed assets | 21 | €3,745 | €2,768 | -€978 | -26.1% |
| Tangible fixed assets | 22/27 | €77,075 | €51,353 | -€25,722 | -33.4% |
| Furniture and vehicles | 24 | €77,075 | €51,353 | -€25,722 | -33.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €122,866 | €125,999 | +€3,133 | +2.6% |
| Amounts receivable within one year | 40/41 | €14,448 | €4,253 | -€10,194 | -70.6% |
| Trade receivables | 40 | €14,444 | €4,250 | -€10,194 | -70.6% |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,552 | €87,481 | -€4,071 | -4.4% |
| Deferred charges and accrued income | 490/1 | €16,866 | €34,265 | +€17,398 | +103% |
| Total equity and liabilities | 10/49 | €203,736 | €180,170 | -€23,566 | -11.6% |
| Equity | 10/15 | €84,532 | €93,280 | +€8,748 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,472 | €85,220 | +€8,748 | +11.4% |
| Amounts payable | 17/49 | €119,204 | €86,890 | -€32,314 | -27.1% |
| Amounts payable after more than one year | 17 | €30,032 | €15,770 | -€14,262 | -47.5% |
| Financial debts | 170/4 | €30,032 | €15,770 | -€14,262 | -47.5% |
| Amounts payable within one year | 42/48 | €83,701 | €66,342 | -€17,360 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €15,220 | €15,512 | +€292 | +1.9% |
| Trade debts | 44 | €31,201 | €27,746 | -€3,455 | -11.1% |
| Suppliers | 440/4 | €31,201 | €27,746 | -€3,455 | -11.1% |
| Taxes, remuneration and social security | 45 | €18,592 | €15,902 | -€2,690 | -14.5% |
| Taxes | 450/3 | €18,592 | €15,902 | -€2,690 | -14.5% |
| Other amounts payable | 47/48 | €18,688 | €7,182 | -€11,506 | -61.6% |
| Accrued charges and deferred income | 492/3 | €5,471 | €4,778 | -€693 | -12.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,400 | €26,699 | +€299 | +1.1% |
| Other operating charges | 640/8 | €2,146 | €1,905 | -€240 | -11.2% |
| Gross operating margin | 9900 | €42,443 | €46,043 | +€3,600 | +8.5% |
| Operating profit (loss) | 9901 | €13,897 | €17,438 | +€3,541 | +25.5% |
| Financial income | 75/76B | €220 | €117 | -€104 | -47.1% |
| Recurring financial income | 75 | €220 | €117 | -€104 | -47.1% |
| Financial charges | 65/66B | €1,455 | €1,173 | -€282 | -19.4% |
| Recurring financial charges | 65 | €1,455 | €1,173 | -€282 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €12,662 | €16,382 | +€3,720 | +29.4% |
| Income taxes | 67/77 | €6,381 | €7,633 | +€1,253 | +19.6% |
| Profit (loss) for the period | 9904 | €6,281 | €8,748 | +€2,467 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,281 | €8,748 | +€2,467 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.