Art de la Terrasse: what changed
Art de la Terrasse
Largest movements
- Current investments +€76,000
new in 2025: €76,000
- Tangible fixed assets -€37,808
down €37,808 (-74.0%), from €51,066 to €13,258
of which Land and buildings: -€31,900
- Cash +€17,043
up €17,043 (+50.6%), from €33,683 to €50,726
mainly Net result for the year (+€61,615) and Investment in fixed assets (net) (+€31,900)
- Reserves +€69,825
up €69,825 (+584%), from €11,960 to €81,785
of which Tax-exempt reserves: +€69,825
- Provisions +€23,275
new in 2025: €23,275
- Debts after one year -€16,544
down €16,544 (-67.6%), from €24,471 to €7,927
- Profit (loss) carried forward -€8,210
down €8,210 (-66.5%), from €12,337 to €4,127
- Trade debts -€7,120
no longer reported in 2025 (was €7,120)
- Financial income +€93,609
up €93,609 (+9,455,414%), from €1 to €93,610
of which Non-recurring financial income: +€93,100
- Gross operating margin -€26,816
down €26,816 (-99.8%), from €26,864 to €48
- Taxes -€4,025
no longer reported in 2025 (was €4,025)
- Depreciation -€2,679
down €2,679 (-31.2%), from €8,587 to €5,908
- Financial charges -€991
down €991 (-41.7%), from €2,378 to €1,386
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 | €91,535 | €146,638 | +€55,103 | +60.2% |
| Fixed assets | 21/28 | €51,066 | €13,258 | -€37,808 | -74.0% |
| Tangible fixed assets | 22/27 | €51,066 | €13,258 | -€37,808 | -74.0% |
| Land and buildings | 22 | €31,900 | - | -€31,900 | |
| Furniture and vehicles | 24 | €19,166 | €13,258 | -€5,908 | -30.8% |
| Current assets | 29/58 | €40,469 | €133,381 | +€92,912 | +230% |
| Amounts receivable within one year | 40/41 | €5,624 | €5,761 | +€136 | +2.4% |
| Trade receivables | 40 | €1,285 | €886 | -€399 | -31.1% |
| Other amounts receivable | 41 | €4,340 | €4,875 | +€535 | +12.3% |
| Current investments | 50/53 | - | €76,000 | +€76,000 | |
| Cash at bank and in hand | 54/58 | €33,683 | €50,726 | +€17,043 | +50.6% |
| Deferred charges and accrued income | 490/1 | €1,162 | €894 | -€267 | -23.0% |
| Total equity and liabilities | 10/49 | €91,535 | €146,638 | +€55,103 | +60.2% |
| Equity | 10/15 | €36,697 | €98,312 | +€61,615 | +168% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,960 | €81,785 | +€69,825 | +584% |
| Tax-exempt reserves | 132 | - | €69,825 | +€69,825 | |
| Distributable reserves | 133 | €11,960 | €11,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,337 | €4,127 | -€8,210 | -66.5% |
| Provisions and deferred taxes | 16 | - | €23,275 | +€23,275 | |
| Deferred taxes | 168 | - | €23,275 | +€23,275 | |
| Amounts payable | 17/49 | €54,838 | €25,051 | -€29,786 | -54.3% |
| Amounts payable after more than one year | 17 | €24,471 | €7,927 | -€16,544 | -67.6% |
| Financial debts | 170/4 | €24,471 | €7,927 | -€16,544 | -67.6% |
| Amounts payable within one year | 42/48 | €30,367 | €17,124 | -€13,242 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €9,758 | €6,073 | -€3,684 | -37.8% |
| Trade debts | 44 | €7,120 | - | -€7,120 | |
| Suppliers | 440/4 | €7,120 | - | -€7,120 | |
| Advances received on contracts in progress | 46 | €510 | €510 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,059 | €497 | -€2,562 | -83.7% |
| Taxes | 450/3 | €1,325 | €497 | -€828 | -62.5% |
| Remuneration and social security | 454/9 | €1,734 | - | -€1,734 | |
| Other amounts payable | 47/48 | €9,920 | €10,044 | +€123 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,587 | €5,908 | -€2,679 | -31.2% |
| Other operating charges | 640/8 | €980 | €1,473 | +€493 | +50.3% |
| Gross operating margin | 9900 | €26,864 | €48 | -€26,816 | -99.8% |
| Operating profit (loss) | 9901 | €17,297 | -€7,334 | -€24,630 | |
| Financial income | 75/76B | €1 | €93,610 | +€93,609 | +9,455,414% |
| Recurring financial income | 75 | €1 | €510 | +€509 | +51,376% |
| Non-recurring financial income | 76B | - | €93,100 | +€93,100 | |
| Financial charges | 65/66B | €2,378 | €1,386 | -€991 | -41.7% |
| Recurring financial charges | 65 | €2,378 | €1,386 | -€991 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €14,920 | €84,890 | +€69,970 | +469% |
| Transfer to deferred taxes | 680 | - | €23,275 | +€23,275 | |
| Income taxes | 67/77 | €4,025 | - | -€4,025 | |
| Profit (loss) for the period | 9904 | €10,895 | €61,615 | +€50,720 | +466% |
| Transfer to tax-exempt reserves | 689 | - | €69,825 | +€69,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,895 | -€8,210 | -€19,105 |
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.