ART DE VUE: what changed
What changed
ART DE VUE
NACE 47.742, Retail sale of prescription glasses, lenses and sunglasses
filed annual accounts (NBB)
Net result for the year
€22,430
2024 · €42,128-€19,698
Equity
€97,344
2024 · €105,026-€7,682
Cash
€119,312
2024 · €59,296+€60,016
Balance sheet total
€291,639
2024 · €254,372+€37,266
Largest movements
Assets
- Cash +€60,016
up €60,016 (+101%), from €59,296 to €119,312
mainly Provisions (+€33,974) and Stocks and contracts (+€33,358)
- Stocks and contracts -€33,358
down €33,358 (-28.6%), from €116,796 to €83,439
- Tangible fixed assets +€11,151
up €11,151 (+22.0%), from €50,750 to €61,902
of which Other tangible fixed assets: +€9,314
- Deferred charges and accrued income -€4,569
down €4,569 (-45.7%), from €10,004 to €5,435
- Receivables within one year +€4,026
up €4,026 (+25.9%), from €15,526 to €19,552
of which Other amounts receivable: +€4,998
Equity and liabilities
- Provisions +€33,974
new in 2025: €33,974
- Current portion of long-term debt +€15,265
up €15,265 (+71.9%), from €21,242 to €36,506
- Debts after one year -€13,949
down €13,949 (-91.5%), from €15,246 to €1,297
- Reserves -€7,682
down €7,682 (-7.8%), from €98,826 to €91,144
of which Distributable reserves: -€7,682
- Other debts +€3,539
up €3,539 (+11.9%), from €29,747 to €33,286
Income statement
- Gross operating margin +€111,142
up €111,142 (+46.2%), from €240,532 to €351,674
- Write-downs +€47,654
new in 2025: €47,654
- Staff costs +€38,736
up €38,736 (+24.3%), from €159,543 to €198,279
- Provisions +€33,974
new in 2025: €33,974
- Depreciation +€7,823
up €7,823 (+66.5%), from €11,760 to €19,583
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.
Result 2024
€42,128
Gross operating margin
+€111,142
Staff costs
-€38,736
Depreciation
-€7,823
Write-downs
-€47,654
Provisions
-€33,974
Other operating charges
-€391
Financial income
+€83
Financial charges
-€1,274
Taxes
-€1,071
Result 2025
€22,430
raises the resultlowers the result
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.
From operations
+€119,545
Investment
-€30,734
Financing
-€28,796
Cash 2024
€59,296
From operations (derived)
+€119,545
Net result for the year
+€22,430
Depreciation
+€19,583
Stocks and contracts
+€33,358
Receivables within one year
-€4,026
Deferred charges and accrued income
+€4,569
Provisions
+€33,974
Trade debts
+€3,447
Tax, wage and social debts
+€2,655
Other debts
+€3,539
Accrued charges and deferred income
+€18
Investment (derived)
-€30,734
Investment in fixed assets (net)
-€30,734
Financing
-€28,796
Debts after one year
-€13,949
Current portion of long-term debt
+€15,265
Contributions, distributions and other
-€30,112
Cash 2025
€119,312
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,372 | €291,639 | +€37,266 | +14.7% |
| Fixed assets | 21/28 | €52,750 | €63,902 | +€11,151 | +21.1% |
| Tangible fixed assets | 22/27 | €50,750 | €61,902 | +€11,151 | +22.0% |
| Plant, machinery and equipment | 23 | €25,425 | €20,068 | -€5,357 | -21.1% |
| Furniture and vehicles | 24 | €1,124 | €8,318 | +€7,194 | +640% |
| Other tangible fixed assets | 26 | €24,201 | €33,515 | +€9,314 | +38.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €201,622 | €227,737 | +€26,115 | +13.0% |
| Stocks and contracts in progress | 3 | €116,796 | €83,439 | -€33,358 | -28.6% |
| Stocks | 30/36 | €116,796 | €83,439 | -€33,358 | -28.6% |
| Amounts receivable within one year | 40/41 | €15,526 | €19,552 | +€4,026 | +25.9% |
| Trade receivables | 40 | €14,555 | €13,583 | -€972 | -6.7% |
| Other amounts receivable | 41 | €971 | €5,970 | +€4,998 | +515% |
| Cash at bank and in hand | 54/58 | €59,296 | €119,312 | +€60,016 | +101% |
| Deferred charges and accrued income | 490/1 | €10,004 | €5,435 | -€4,569 | -45.7% |
| Total equity and liabilities | 10/49 | €254,372 | €291,639 | +€37,266 | +14.7% |
| Equity | 10/15 | €105,026 | €97,344 | -€7,682 | -7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,826 | €91,144 | -€7,682 | -7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,966 | €89,284 | -€7,682 | -7.9% |
| Provisions and deferred taxes | 16 | - | €33,974 | +€33,974 | |
| Provisions for liabilities and charges | 160/5 | - | €33,974 | +€33,974 | |
| Other liabilities and charges | 164/5 | - | €33,974 | +€33,974 | |
| Amounts payable | 17/49 | €149,347 | €160,321 | +€10,974 | +7.3% |
| Amounts payable after more than one year | 17 | €15,246 | €1,297 | -€13,949 | -91.5% |
| Financial debts | 170/4 | €15,246 | €1,297 | -€13,949 | -91.5% |
| Amounts payable within one year | 42/48 | €134,050 | €158,956 | +€24,905 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €21,242 | €36,506 | +€15,265 | +71.9% |
| Trade debts | 44 | €52,337 | €55,784 | +€3,447 | +6.6% |
| Suppliers | 440/4 | €52,337 | €55,784 | +€3,447 | +6.6% |
| Taxes, remuneration and social security | 45 | €30,724 | €33,379 | +€2,655 | +8.6% |
| Taxes | 450/3 | €21,025 | €21,138 | +€113 | +0.5% |
| Remuneration and social security | 454/9 | €9,699 | €12,241 | +€2,542 | +26.2% |
| Other amounts payable | 47/48 | €29,747 | €33,286 | +€3,539 | +11.9% |
| Accrued charges and deferred income | 492/3 | €51 | €69 | +€18 | +34.5% |
| Remuneration, social security and pensions | 62 | €159,543 | €198,279 | +€38,736 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,760 | €19,583 | +€7,823 | +66.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,654 | +€47,654 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €33,974 | +€33,974 | |
| Other operating charges | 640/8 | €905 | €1,297 | +€391 | +43.2% |
| Gross operating margin | 9900 | €240,532 | €351,674 | +€111,142 | +46.2% |
| Operating profit (loss) | 9901 | €68,325 | €50,888 | -€17,437 | -25.5% |
| Financial income | 75/76B | €153 | €237 | +€83 | +54.4% |
| Recurring financial income | 75 | €153 | €237 | +€83 | +54.4% |
| Financial charges | 65/66B | €7,127 | €8,401 | +€1,274 | +17.9% |
| Recurring financial charges | 65 | €7,127 | €8,401 | +€1,274 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €61,351 | €42,724 | -€18,627 | -30.4% |
| Income taxes | 67/77 | €19,223 | €20,294 | +€1,071 | +5.6% |
| Profit (loss) for the period | 9904 | €42,128 | €22,430 | -€19,698 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,128 | €22,430 | -€19,698 | -46.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.