Art & Design: 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 & Design
Largest movements
- Tangible fixed assets +€314,054
up €314,054 (+806%), from €38,945 to €353,000
of which Land and buildings: +€321,161
- Receivables within one year -€29,292
down €29,292 (-62.8%), from €46,670 to €17,378
of which Trade receivables: -€34,038
- Cash -€13,418
down €13,418 (-45.2%), from €29,699 to €16,281
mainly Investment in fixed assets (net) (-€328,904) and Debts after one year (-€11,103)
- Current portion of long-term debt +€277,334
up €277,334 (+2,941%), from €9,429 to €286,763
- Debts after one year -€11,103
down €11,103 (-39.9%), from €27,838 to €16,735
- Other debts +€4,678
up €4,678 (+110%), from €4,272 to €8,951
- Other operating charges +€22,356
up €22,356 (+2,836%), from €788 to €23,144
- Staff costs -€8,944
down €8,944 (-100%), from €8,944 to €0
- Gross operating margin +€8,041
up €8,041 (+22.2%), from €36,237 to €44,278
- Depreciation +€2,907
up €2,907 (+24.3%), from €11,943 to €14,850
- Taxes -€1,636
down €1,636 (-58.0%), from €2,823 to €1,187
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 | €120,314 | €391,659 | +€271,344 | +226% |
| Fixed assets | 21/28 | €38,945 | €353,000 | +€314,054 | +806% |
| Tangible fixed assets | 22/27 | €38,945 | €353,000 | +€314,054 | +806% |
| Land and buildings | 22 | - | €321,161 | +€321,161 | |
| Plant, machinery and equipment | 23 | €1,872 | €6,159 | +€4,287 | +229% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €37,073 | €25,679 | -€11,394 | -30.7% |
| Current assets | 29/58 | €81,369 | €38,659 | -€42,710 | -52.5% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,670 | €17,378 | -€29,292 | -62.8% |
| Trade receivables | 40 | €44,196 | €10,159 | -€34,038 | -77.0% |
| Other amounts receivable | 41 | €2,474 | €7,219 | +€4,745 | +192% |
| Cash at bank and in hand | 54/58 | €29,699 | €16,281 | -€13,418 | -45.2% |
| Total equity and liabilities | 10/49 | €120,314 | €391,659 | +€271,344 | +226% |
| Equity | 10/15 | €63,560 | €66,411 | +€2,851 | +4.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €57,560 | €60,411 | +€2,851 | +5.0% |
| Distributable reserves | 133 | €57,560 | €60,411 | +€2,851 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,755 | €325,248 | +€268,493 | +473% |
| Amounts payable after more than one year | 17 | €27,838 | €16,735 | -€11,103 | -39.9% |
| Financial debts | 170/4 | €27,838 | €16,735 | -€11,103 | -39.9% |
| Amounts payable within one year | 42/48 | €28,917 | €308,513 | +€279,596 | +967% |
| Current portion of amounts payable after more than one year | 42 | €9,429 | €286,763 | +€277,334 | +2,941% |
| Trade debts | 44 | €14,402 | €11,612 | -€2,790 | -19.4% |
| Suppliers | 440/4 | €14,402 | €11,612 | -€2,790 | -19.4% |
| Taxes, remuneration and social security | 45 | €814 | €1,187 | +€373 | +45.8% |
| Taxes | 450/3 | €814 | €1,187 | +€373 | +45.8% |
| Other amounts payable | 47/48 | €4,272 | €8,951 | +€4,678 | +110% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,944 | €0 | -€8,944 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,943 | €14,850 | +€2,907 | +24.3% |
| Other operating charges | 640/8 | €788 | €23,144 | +€22,356 | +2,836% |
| Gross operating margin | 9900 | €36,237 | €44,278 | +€8,041 | +22.2% |
| Operating profit (loss) | 9901 | €14,561 | €6,284 | -€8,278 | -56.8% |
| Financial income | 75/76B | €3 | €5 | +€2 | +68.8% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +68.8% |
| Financial charges | 65/66B | €1,821 | €2,251 | +€430 | +23.6% |
| Recurring financial charges | 65 | €1,821 | €2,251 | +€430 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €12,743 | €4,038 | -€8,705 | -68.3% |
| Income taxes | 67/77 | €2,823 | €1,187 | -€1,636 | -58.0% |
| Profit (loss) for the period | 9904 | €9,920 | €2,851 | -€7,069 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,920 | €2,851 | -€7,069 | -71.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.