ART + DEAL: 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 + DEAL
Largest movements
- Receivables within one year -€701
down €701 (-14.4%), from €4,877 to €4,176
of which Other amounts receivable: -€701
- Short-term financial debts +€3,695
up €3,695 (+52.8%), from €7,000 to €10,696
- Profit (loss) carried forward -€2,543
down €2,543 (-0.9%), from -€289,302 to -€291,845
- Other debts -€1,872
down €1,872 (-1.8%), from €104,697 to €102,825
- Gross operating margin -€1,307
no longer reported in 2025 (was €1,307)
- Other operating charges -€1,035
down €1,035 (-59.0%), from €1,755 to €720
- Financial charges +€333
up €333 (+22.3%), from €1,490 to €1,823
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,877 | €4,176 | -€701 | -14.4% |
| Current assets | 29/58 | €4,877 | €4,176 | -€701 | -14.4% |
| Amounts receivable within one year | 40/41 | €4,877 | €4,176 | -€701 | -14.4% |
| Trade receivables | 40 | €2,191 | €2,191 | = | 0.0% |
| Other amounts receivable | 41 | €2,686 | €1,986 | -€701 | -26.1% |
| Total equity and liabilities | 10/49 | €4,877 | €4,176 | -€701 | -14.4% |
| Equity | 10/15 | -€270,702 | -€273,245 | -€2,543 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,302 | -€291,845 | -€2,543 | -0.9% |
| Amounts payable | 17/49 | €275,579 | €277,421 | +€1,842 | +0.7% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €124,038 | €125,861 | +€1,823 | +1.5% |
| Financial debts | 43 | €7,000 | €10,696 | +€3,695 | +52.8% |
| Credit institutions | 430/8 | €7,000 | €10,696 | +€3,695 | +52.8% |
| Trade debts | 44 | €12,340 | €12,340 | = | 0.0% |
| Suppliers | 440/4 | €12,340 | €12,340 | = | 0.0% |
| Other amounts payable | 47/48 | €104,697 | €102,825 | -€1,872 | -1.8% |
| Accrued charges and deferred income | 492/3 | €11,541 | €11,560 | +€19 | +0.2% |
| Other operating charges | 640/8 | €1,755 | €720 | -€1,035 | -59.0% |
| Gross operating margin | 9900 | €1,307 | - | -€1,307 | |
| Operating profit (loss) | 9901 | -€448 | -€720 | -€272 | -60.7% |
| Financial charges | 65/66B | €1,490 | €1,823 | +€333 | +22.3% |
| Recurring financial charges | 65 | €1,490 | €1,823 | +€333 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,938 | -€2,543 | -€605 | -31.2% |
| Profit (loss) for the period | 9904 | -€1,938 | -€2,543 | -€605 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,938 | -€2,543 | -€605 | -31.2% |
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 15 October 2026 via checked.be.