ART - DECO: 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 - DECO
Largest movements
- Cash -€15,311
down €15,311 (-30.8%), from €49,681 to €34,370
mainly Investment in fixed assets (net) (-€41,911) and Receivables within one year (-€9,024)
- Receivables within one year +€9,024
up €9,024 (+68.7%), from €13,144 to €22,168
of which Trade receivables: +€10,590
- Tangible fixed assets +€7,150
up €7,150 (+3.2%), from €220,887 to €228,037
of which Furniture and vehicles: +€16,438
- Debts after one year -€7,409
down €7,409 (-8.8%), from €84,207 to €76,798
of which Financial debts: -€7,409
- Reserves +€6,846
up €6,846 (+6.3%), from €108,953 to €115,799
of which Distributable reserves: +€6,846
- Gross operating margin -€10,317
down €10,317 (-16.3%), from €63,140 to €52,823
- Other operating charges -€3,296
down €3,296 (-47.5%), from €6,934 to €3,638
- Depreciation +€2,904
up €2,904 (+9.1%), from €31,857 to €34,761
- Staff costs -€2,654
no longer reported in 2025 (was €2,654)
- Taxes -€1,103
down €1,103 (-22.5%), from €4,911 to €3,808
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 | €285,285 | €286,214 | +€929 | +0.3% |
| Fixed assets | 21/28 | €220,887 | €228,037 | +€7,150 | +3.2% |
| Tangible fixed assets | 22/27 | €220,887 | €228,037 | +€7,150 | +3.2% |
| Land and buildings | 22 | €141,978 | €134,202 | -€7,776 | -5.5% |
| Plant, machinery and equipment | 23 | €11,727 | €10,215 | -€1,512 | -12.9% |
| Furniture and vehicles | 24 | €67,182 | €83,620 | +€16,438 | +24.5% |
| Current assets | 29/58 | €64,398 | €58,177 | -€6,221 | -9.7% |
| Stocks and contracts in progress | 3 | €1,030 | €1,140 | +€110 | +10.7% |
| Stocks | 30/36 | €1,030 | €1,140 | +€110 | +10.7% |
| Amounts receivable within one year | 40/41 | €13,144 | €22,168 | +€9,024 | +68.7% |
| Trade receivables | 40 | €296 | €10,886 | +€10,590 | +3,577% |
| Other amounts receivable | 41 | €12,848 | €11,281 | -€1,566 | -12.2% |
| Cash at bank and in hand | 54/58 | €49,681 | €34,370 | -€15,311 | -30.8% |
| Deferred charges and accrued income | 490/1 | €543 | €499 | -€44 | -8.1% |
| Total equity and liabilities | 10/49 | €285,285 | €286,214 | +€929 | +0.3% |
| Equity | 10/15 | €156,617 | €163,463 | +€6,846 | +4.4% |
| Contributions | 10/11 | €19,900 | €19,900 | = | 0.0% |
| Reserves | 13 | €108,953 | €115,799 | +€6,846 | +6.3% |
| Non-distributable reserves | 130/1 | €1,990 | €1,990 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,990 | €1,990 | = | 0.0% |
| Distributable reserves | 133 | €106,963 | €113,809 | +€6,846 | +6.4% |
| Profit (loss) carried forward | 14 | €27,763 | €27,763 | = | 0.0% |
| Amounts payable | 17/49 | €128,669 | €122,751 | -€5,918 | -4.6% |
| Amounts payable after more than one year | 17 | €84,207 | €76,798 | -€7,409 | -8.8% |
| Financial debts | 170/4 | €82,544 | €75,135 | -€7,409 | -9.0% |
| Other amounts payable | 178/9 | €1,663 | €1,663 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,824 | €45,953 | +€2,129 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €37,943 | €38,901 | +€958 | +2.5% |
| Trade debts | 44 | €697 | €1,240 | +€543 | +78.0% |
| Suppliers | 440/4 | €697 | €1,240 | +€543 | +78.0% |
| Taxes, remuneration and social security | 45 | €3,771 | €5,714 | +€1,943 | +51.5% |
| Taxes | 450/3 | €3,751 | €5,714 | +€1,963 | +52.3% |
| Remuneration and social security | 454/9 | €20 | - | -€20 | |
| Other amounts payable | 47/48 | €1,413 | €98 | -€1,315 | -93.1% |
| Accrued charges and deferred income | 492/3 | €637 | - | -€637 | |
| Non-recurring operating income | 76A | €14,200 | €5,002 | -€9,199 | -64.8% |
| Remuneration, social security and pensions | 62 | €2,654 | - | -€2,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,857 | €34,761 | +€2,904 | +9.1% |
| Other operating charges | 640/8 | €6,934 | €3,638 | -€3,296 | -47.5% |
| Gross operating margin | 9900 | €63,140 | €52,823 | -€10,317 | -16.3% |
| Operating profit (loss) | 9901 | €21,695 | €14,424 | -€7,271 | -33.5% |
| Financial income | 75/76B | €51 | €73 | +€21 | +41.5% |
| Recurring financial income | 75 | €51 | €73 | +€21 | +41.5% |
| Financial charges | 65/66B | €3,511 | €3,843 | +€332 | +9.5% |
| Recurring financial charges | 65 | €3,511 | €3,843 | +€332 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €18,236 | €10,654 | -€7,582 | -41.6% |
| Income taxes | 67/77 | €4,911 | €3,808 | -€1,103 | -22.5% |
| Profit (loss) for the period | 9904 | €13,325 | €6,846 | -€6,479 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,325 | €6,846 | -€6,479 | -48.6% |
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 24 October 2026 via checked.be.