ART'DENTE: 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'DENTE
Largest movements
- Cash +€63,412
up €63,412 (+52.3%), from €121,197 to €184,608
mainly Depreciation (+€65,926) and Net result for the year (+€49,602)
- Receivables within one year -€17,571
down €17,571 (-87.9%), from €20,000 to €2,429
- Tangible fixed assets +€8,208
up €8,208 (+3.0%), from €277,226 to €285,434
of which Land and buildings: +€12,266
- Deferred charges and accrued income -€5,019
down €5,019 (-60.4%), from €8,308 to €3,289
- Reserves +€49,500
up €49,500 (+52.2%), from €94,860 to €144,360
of which Distributable reserves: +€49,500
- Debts after one year +€7,803
up €7,803 (+3.3%), from €237,690 to €245,493
- Other debts -€6,515
down €6,515 (-19.1%), from €34,122 to €27,607
- Gross operating margin -€86,867
down €86,867 (-30.8%), from €281,705 to €194,838
- Depreciation -€43,656
down €43,656 (-39.8%), from €109,583 to €65,926
- Staff costs -€15,472
down €15,472 (-24.8%), from €62,451 to €46,979
- Financial charges -€10,603
down €10,603 (-46.3%), from €22,904 to €12,301
- Taxes -€6,352
down €6,352 (-26.2%), from €24,221 to €17,869
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 | €426,731 | €475,761 | +€49,030 | +11.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €277,226 | €285,434 | +€8,208 | +3.0% |
| Tangible fixed assets | 22/27 | €277,226 | €285,434 | +€8,208 | +3.0% |
| Land and buildings | 22 | €159,580 | €171,846 | +€12,266 | +7.7% |
| Plant, machinery and equipment | 23 | €94,360 | €101,723 | +€7,363 | +7.8% |
| Furniture and vehicles | 24 | €8,890 | €11,865 | +€2,975 | +33.5% |
| Other tangible fixed assets | 26 | €14,397 | €0 | -€14,397 | -100% |
| Current assets | 29/58 | €149,505 | €190,326 | +€40,822 | +27.3% |
| Amounts receivable within one year | 40/41 | €20,000 | €2,429 | -€17,571 | -87.9% |
| Other amounts receivable | 41 | €20,000 | €2,429 | -€17,571 | -87.9% |
| Cash at bank and in hand | 54/58 | €121,197 | €184,608 | +€63,412 | +52.3% |
| Deferred charges and accrued income | 490/1 | €8,308 | €3,289 | -€5,019 | -60.4% |
| Total equity and liabilities | 10/49 | €426,731 | €475,761 | +€49,030 | +11.5% |
| Equity | 10/15 | €111,525 | €161,126 | +€49,602 | +44.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €94,860 | €144,360 | +€49,500 | +52.2% |
| 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 | €93,000 | €142,500 | +€49,500 | +53.2% |
| Profit (loss) carried forward | 14 | €4,265 | €4,366 | +€102 | +2.4% |
| Amounts payable | 17/49 | €315,206 | €314,634 | -€572 | -0.2% |
| Amounts payable after more than one year | 17 | €237,690 | €245,493 | +€7,803 | +3.3% |
| Financial debts | 170/4 | €237,690 | €245,493 | +€7,803 | +3.3% |
| Amounts payable within one year | 42/48 | €73,854 | €67,532 | -€6,322 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €26,082 | €29,780 | +€3,699 | +14.2% |
| Trade debts | 44 | €3,407 | €2,825 | -€582 | -17.1% |
| Suppliers | 440/4 | €3,407 | €2,825 | -€582 | -17.1% |
| Taxes, remuneration and social security | 45 | €10,244 | €7,320 | -€2,923 | -28.5% |
| Taxes | 450/3 | €7,268 | €4,238 | -€3,030 | -41.7% |
| Remuneration and social security | 454/9 | €2,976 | €3,082 | +€106 | +3.6% |
| Other amounts payable | 47/48 | €34,122 | €27,607 | -€6,515 | -19.1% |
| Accrued charges and deferred income | 492/3 | €3,661 | €1,609 | -€2,053 | -56.1% |
| Non-recurring operating income | 76A | - | €506 | +€506 | |
| Remuneration, social security and pensions | 62 | €62,451 | €46,979 | -€15,472 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,583 | €65,926 | -€43,656 | -39.8% |
| Other operating charges | 640/8 | €5,621 | €3,026 | -€2,595 | -46.2% |
| Non-recurring operating charges | 66A | - | €132 | +€132 | |
| Gross operating margin | 9900 | €281,705 | €194,838 | -€86,867 | -30.8% |
| Operating profit (loss) | 9901 | €104,050 | €78,774 | -€25,275 | -24.3% |
| Financial income | 75/76B | €464 | €998 | +€534 | +115% |
| Recurring financial income | 75 | €464 | €998 | +€534 | +115% |
| Financial charges | 65/66B | €22,904 | €12,301 | -€10,603 | -46.3% |
| Recurring financial charges | 65 | €22,904 | €12,301 | -€10,603 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €81,609 | €67,471 | -€14,138 | -17.3% |
| Income taxes | 67/77 | €24,221 | €17,869 | -€6,352 | -26.2% |
| Profit (loss) for the period | 9904 | €57,388 | €49,602 | -€7,786 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,388 | €49,602 | -€7,786 | -13.6% |
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 26 October 2026 via checked.be.