ART CONCEPT SERVICES: what changed
ART CONCEPT SERVICES
Largest movements
- Receivables within one year -€41,883
down €41,883 (-28.2%), from €148,310 to €106,427
of which Trade receivables: -€31,749
- Cash -€2,953
down €2,953 (-65.4%), from €4,515 to €1,562
mainly Net result for the year (-€26,945) and Debts after one year (-€10,548)
- Deferred charges and accrued income -€2,221
down €2,221 (-98.9%), from €2,245 to €24
- Profit (loss) carried forward -€26,945
down €26,945 (-40.9%), from €65,863 to €38,918
- Debts after one year -€10,548
down €10,548 (-21.7%), from €48,587 to €38,039
- Tax, wage and social debts -€9,746
down €9,746 (-40.6%), from €24,018 to €14,272
- Gross operating margin -€72,128
down €72,128, from €50,052 to -€22,076
- Taxes -€12,335
down €12,335 (-92.4%), from €13,349 to €1,014
- Depreciation -€1,636
down €1,636 (-91.8%), from €1,782 to €146
- Other operating charges -€968
down €968 (-24.3%), from €3,984 to €3,016
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 | €163,213 | €116,544 | -€46,669 | -28.6% |
| Fixed assets | 21/28 | €146 | - | -€146 | |
| Tangible fixed assets | 22/27 | €146 | - | -€146 | |
| Furniture and vehicles | 24 | €146 | - | -€146 | |
| Current assets | 29/58 | €163,067 | €116,544 | -€46,523 | -28.5% |
| Stocks and contracts in progress | 3 | €7,997 | €8,531 | +€534 | +6.7% |
| Stocks | 30/36 | €7,997 | €8,531 | +€534 | +6.7% |
| Amounts receivable within one year | 40/41 | €148,310 | €106,427 | -€41,883 | -28.2% |
| Trade receivables | 40 | €43,478 | €11,729 | -€31,749 | -73.0% |
| Other amounts receivable | 41 | €104,832 | €94,698 | -€10,134 | -9.7% |
| Cash at bank and in hand | 54/58 | €4,515 | €1,562 | -€2,953 | -65.4% |
| Deferred charges and accrued income | 490/1 | €2,245 | €24 | -€2,221 | -98.9% |
| Total equity and liabilities | 10/49 | €163,213 | €116,544 | -€46,669 | -28.6% |
| Equity | 10/15 | €70,863 | €43,918 | -€26,945 | -38.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,863 | €38,918 | -€26,945 | -40.9% |
| Amounts payable | 17/49 | €92,350 | €72,626 | -€19,724 | -21.4% |
| Amounts payable after more than one year | 17 | €48,587 | €38,039 | -€10,548 | -21.7% |
| Financial debts | 170/4 | €48,587 | €38,039 | -€10,548 | -21.7% |
| Amounts payable within one year | 42/48 | €43,763 | €34,387 | -€9,376 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €11,123 | €11,440 | +€317 | +2.8% |
| Trade debts | 44 | €5,622 | €5,675 | +€53 | +0.9% |
| Suppliers | 440/4 | €5,622 | €5,675 | +€53 | +0.9% |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,018 | €14,272 | -€9,746 | -40.6% |
| Taxes | 450/3 | €24,018 | €14,272 | -€9,746 | -40.6% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,782 | €146 | -€1,636 | -91.8% |
| Other operating charges | 640/8 | €3,984 | €3,016 | -€968 | -24.3% |
| Gross operating margin | 9900 | €50,052 | -€22,076 | -€72,128 | |
| Operating profit (loss) | 9901 | €44,286 | -€25,238 | -€69,524 | |
| Financial income | 75/76B | €2,190 | €1,748 | -€442 | -20.2% |
| Recurring financial income | 75 | €2,190 | €1,748 | -€442 | -20.2% |
| Financial charges | 65/66B | €2,916 | €2,441 | -€475 | -16.3% |
| Recurring financial charges | 65 | €2,916 | €2,441 | -€475 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €43,560 | -€25,931 | -€69,491 | |
| Income taxes | 67/77 | €13,349 | €1,014 | -€12,335 | -92.4% |
| Profit (loss) for the period | 9904 | €30,211 | -€26,945 | -€57,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,211 | -€26,945 | -€57,156 |
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 3 November 2026 via checked.be.