ART CONCEPT CREATION: 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 CONCEPT CREATION
Largest movements
- Stocks and contracts -€17,227
down €17,227 (-6.9%), from €248,339 to €231,112
- Cash -€5,972
down €5,972 (-11.8%), from €50,489 to €44,517
mainly Contributions, distributions and other (-€15,000) and Trade debts (-€11,036)
- Receivables within one year +€5,209
up €5,209 (+21.1%), from €24,706 to €29,914
of which Other amounts receivable: +€6,159
- Trade debts -€11,036
down €11,036 (-40.6%), from €27,200 to €16,164
- Other debts -€9,174
down €9,174 (-19.0%), from €48,167 to €38,993
- Tax, wage and social debts +€6,327
new in 2025: €6,327
- Accrued charges and deferred income -€3,382
down €3,382 (-98.5%), from €3,433 to €51
- Provisions +€22,359
no longer reported in 2025 (was -€22,359)
- Depreciation -€6,604
down €6,604 (-79.8%), from €8,280 to €1,676
- Financial charges -€4,367
down €4,367 (-71.7%), from €6,087 to €1,720
- Gross operating margin -€1,624
down €1,624 (-9.1%), from €17,878 to €16,255
- Write-downs -€623
no longer reported in 2025 (was €623)
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 | €329,759 | €312,616 | -€17,143 | -5.2% |
| Fixed assets | 21/28 | €1,958 | €3,401 | +€1,443 | +73.7% |
| Tangible fixed assets | 22/27 | €1,933 | €3,376 | +€1,443 | +74.7% |
| Furniture and vehicles | 24 | €1,933 | €2,260 | +€327 | +16.9% |
| Other tangible fixed assets | 26 | - | €1,116 | +€1,116 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €327,801 | €309,215 | -€18,586 | -5.7% |
| Stocks and contracts in progress | 3 | €248,339 | €231,112 | -€17,227 | -6.9% |
| Stocks | 30/36 | €248,339 | €231,112 | -€17,227 | -6.9% |
| Amounts receivable within one year | 40/41 | €24,706 | €29,914 | +€5,209 | +21.1% |
| Trade receivables | 40 | €15,583 | €14,632 | -€951 | -6.1% |
| Other amounts receivable | 41 | €9,123 | €15,282 | +€6,159 | +67.5% |
| Cash at bank and in hand | 54/58 | €50,489 | €44,517 | -€5,972 | -11.8% |
| Deferred charges and accrued income | 490/1 | €4,268 | €3,672 | -€596 | -14.0% |
| Total equity and liabilities | 10/49 | €329,759 | €312,616 | -€17,143 | -5.2% |
| Equity | 10/15 | €248,293 | €246,410 | -€1,882 | -0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,293 | €224,410 | -€1,882 | -0.8% |
| Amounts payable | 17/49 | €81,467 | €66,206 | -€15,261 | -18.7% |
| Amounts payable within one year | 42/48 | €78,034 | €66,156 | -€11,878 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €2,667 | €2,554 | -€113 | -4.2% |
| Trade debts | 44 | €27,200 | €16,164 | -€11,036 | -40.6% |
| Suppliers | 440/4 | €27,200 | €16,164 | -€11,036 | -40.6% |
| Advances received on contracts in progress | 46 | - | €2,118 | +€2,118 | |
| Taxes, remuneration and social security | 45 | - | €6,327 | +€6,327 | |
| Taxes | 450/3 | - | €6,327 | +€6,327 | |
| Other amounts payable | 47/48 | €48,167 | €38,993 | -€9,174 | -19.0% |
| Accrued charges and deferred income | 492/3 | €3,433 | €51 | -€3,382 | -98.5% |
| Non-recurring operating income | 76A | €6,840 | €3,420 | -€3,420 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,280 | €1,676 | -€6,604 | -79.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €623 | - | -€623 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,359 | - | +€22,359 | |
| Other operating charges | 640/8 | €899 | €948 | +€50 | +5.5% |
| Non-recurring operating charges | 66A | €16,470 | - | -€16,470 | |
| Gross operating margin | 9900 | €17,878 | €16,255 | -€1,624 | -9.1% |
| Operating profit (loss) | 9901 | €13,966 | €13,630 | -€336 | -2.4% |
| Financial income | 75/76B | €2,170 | €1,593 | -€578 | -26.6% |
| Recurring financial income | 75 | €2,170 | €1,593 | -€578 | -26.6% |
| Financial charges | 65/66B | €6,087 | €1,720 | -€4,367 | -71.7% |
| Recurring financial charges | 65 | €6,087 | €1,720 | -€4,367 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €10,050 | €13,503 | +€3,453 | +34.4% |
| Income taxes | 67/77 | €335 | €385 | +€50 | +15.0% |
| Profit (loss) for the period | 9904 | €9,715 | €13,118 | +€3,403 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,715 | €13,118 | +€3,403 | +35.0% |
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 11 October 2026 via checked.be.