ART D'ECO: 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 D'ECO
Largest movements
- Receivables within one year +€18,902
up €18,902 (+53.0%), from €35,677 to €54,579
of which Other amounts receivable: +€13,500
- Cash -€874
down €874 (-19.6%), from €4,452 to €3,577
mainly Receivables within one year (-€18,902) and Trade debts (-€1,110)
- Profit (loss) carried forward +€16,234
up €16,234 (+54.1%), from -€29,993 to -€13,759
- Other debts +€2,500
up €2,500 (+9.6%), from €26,037 to €28,537
- Trade debts -€1,110
down €1,110 (-73.0%), from €1,520 to €410
- Gross operating margin +€16,522
up €16,522 (+2,008%), from €823 to €17,345
- Taxes +€263
up €263 (+46,216%), from €1 to €264
- Other operating charges -€203
down €203 (-22.8%), from €893 to €689
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 | €49,675 | €67,265 | +€17,590 | +35.4% |
| Fixed assets | 21/28 | €97 | - | -€97 | |
| Tangible fixed assets | 22/27 | €97 | - | -€97 | |
| Furniture and vehicles | 24 | €97 | - | -€97 | |
| Current assets | 29/58 | €49,578 | €67,265 | +€17,688 | +35.7% |
| Stocks and contracts in progress | 3 | €9,165 | €8,534 | -€631 | -6.9% |
| Stocks | 30/36 | €9,165 | €8,534 | -€631 | -6.9% |
| Amounts receivable within one year | 40/41 | €35,677 | €54,579 | +€18,902 | +53.0% |
| Trade receivables | 40 | €35,677 | €41,079 | +€5,402 | +15.1% |
| Other amounts receivable | 41 | - | €13,500 | +€13,500 | |
| Cash at bank and in hand | 54/58 | €4,452 | €3,577 | -€874 | -19.6% |
| Deferred charges and accrued income | 490/1 | €284 | €575 | +€291 | +103% |
| Total equity and liabilities | 10/49 | €49,675 | €67,265 | +€17,590 | +35.4% |
| Equity | 10/15 | -€11,393 | €4,841 | +€16,234 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,993 | -€13,759 | +€16,234 | +54.1% |
| Amounts payable | 17/49 | €61,068 | €62,424 | +€1,356 | +2.2% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,004 | €47,361 | +€1,356 | +2.9% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Other loans | 439 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €1,520 | €410 | -€1,110 | -73.0% |
| Suppliers | 440/4 | €1,520 | €410 | -€1,110 | -73.0% |
| Taxes, remuneration and social security | 45 | €3,447 | €3,414 | -€33 | -1.0% |
| Taxes | 450/3 | €2,211 | €2,178 | -€33 | -1.5% |
| Remuneration and social security | 454/9 | €1,236 | €1,236 | = | 0.0% |
| Other amounts payable | 47/48 | €26,037 | €28,537 | +€2,500 | +9.6% |
| Accrued charges and deferred income | 492/3 | €64 | €64 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135 | €97 | -€37 | -27.7% |
| Other operating charges | 640/8 | €893 | €689 | -€203 | -22.8% |
| Gross operating margin | 9900 | €823 | €17,345 | +€16,522 | +2,008% |
| Operating profit (loss) | 9901 | -€204 | €16,559 | +€16,763 | |
| Financial income | 75/76B | €2 | €62 | +€60 | +3,034% |
| Recurring financial income | 75 | €2 | €62 | +€60 | +3,034% |
| Financial charges | 65/66B | €126 | €123 | -€3 | -2.2% |
| Recurring financial charges | 65 | €126 | €123 | -€3 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€328 | €16,498 | +€16,826 | |
| Income taxes | 67/77 | €1 | €264 | +€263 | +46,216% |
| Profit (loss) for the period | 9904 | -€329 | €16,234 | +€16,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€329 | €16,234 | +€16,563 |
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 26 October 2026 via checked.be.