ART DESIGN CREATION: 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.
What changed
ART DESIGN CREATION
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€437
2024 · €3,736-€4,173
Equity
€222,898
2024 · €224,530-€1,632
Cash
€35,326
2024 · €10,473+€24,853
Balance sheet total
€612,991
2024 · €659,293-€46,302
Largest movements
Assets
- Tangible fixed assets -€72,945
down €72,945 (-12.5%), from €581,682 to €508,737
- Cash +€24,853
up €24,853 (+237%), from €10,473 to €35,326
mainly Depreciation (+€87,424) and Trade debts (+€16,104)
Equity and liabilities
- Debts after one year -€60,580
down €60,580 (-22.3%), from €271,894 to €211,314
- Trade debts +€16,104
up €16,104 (+176%), from €9,167 to €25,272
- Tax, wage and social debts -€10,178
down €10,178 (-29.8%), from €34,147 to €23,969
of which Remuneration and social security: -€8,617
Income statement
- Gross operating margin -€23,554
down €23,554 (-8.1%), from €289,425 to €265,871
- Staff costs -€18,520
down €18,520 (-10.3%), from €179,992 to €161,472
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.
Result 2024
€3,736
Gross operating margin
-€23,554
Staff costs
+€18,520
Depreciation
-€2,199
Other operating charges
+€2,442
Financial income
+€140
Financial charges
-€442
Taxes
+€921
Result 2025
-€437
raises the resultlowers the result
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.
From operations
+€95,839
Investment
-€14,479
Financing
-€56,506
Cash 2024
€10,473
From operations (derived)
+€95,839
Net result for the year
-€437
Depreciation
+€87,424
Stocks and contracts
-€5,900
Receivables within one year
+€4,126
Deferred charges and accrued income
-€16
Trade debts
+€16,104
Tax, wage and social debts
-€10,178
Other debts
+€4,715
Investment (derived)
-€14,479
Investment in fixed assets (net)
-€14,479
Financing
-€56,506
Debts after one year
-€60,580
Current portion of long-term debt
+€5,270
Contributions, distributions and other
-€1,196
Cash 2025
€35,326
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €659,293 | €612,991 | -€46,302 | -7.0% |
| Fixed assets | 21/28 | €583,449 | €510,504 | -€72,945 | -12.5% |
| Tangible fixed assets | 22/27 | €581,682 | €508,737 | -€72,945 | -12.5% |
| Land and buildings | 22 | €371,230 | €345,973 | -€25,256 | -6.8% |
| Plant, machinery and equipment | 23 | €32,076 | €21,437 | -€10,639 | -33.2% |
| Furniture and vehicles | 24 | €145,775 | €119,229 | -€26,546 | -18.2% |
| Leasing and similar rights | 25 | €32,601 | €22,097 | -€10,504 | -32.2% |
| Financial fixed assets | 28 | €1,768 | €1,768 | = | 0.0% |
| Current assets | 29/58 | €75,844 | €102,487 | +€26,643 | +35.1% |
| Stocks and contracts in progress | 3 | €31,655 | €37,555 | +€5,900 | +18.6% |
| Stocks | 30/36 | €31,655 | €37,555 | +€5,900 | +18.6% |
| Amounts receivable within one year | 40/41 | €24,621 | €20,495 | -€4,126 | -16.8% |
| Trade receivables | 40 | €19,104 | €20,439 | +€1,336 | +7.0% |
| Other amounts receivable | 41 | €5,518 | €56 | -€5,462 | -99.0% |
| Cash at bank and in hand | 54/58 | €10,473 | €35,326 | +€24,853 | +237% |
| Deferred charges and accrued income | 490/1 | €9,094 | €9,110 | +€16 | +0.2% |
| Total equity and liabilities | 10/49 | €659,293 | €612,991 | -€46,302 | -7.0% |
| Equity | 10/15 | €224,530 | €222,898 | -€1,632 | -0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €190,365 | €190,365 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €185,365 | €185,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,631 | €5,195 | -€437 | -7.8% |
| Investment grants | 15 | €9,942 | €8,747 | -€1,196 | -12.0% |
| Amounts payable | 17/49 | €434,762 | €390,093 | -€44,669 | -10.3% |
| Amounts payable after more than one year | 17 | €271,894 | €211,314 | -€60,580 | -22.3% |
| Financial debts | 170/4 | €271,894 | €211,314 | -€60,580 | -22.3% |
| Amounts payable within one year | 42/48 | €162,868 | €178,779 | +€15,911 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €70,054 | €75,324 | +€5,270 | +7.5% |
| Trade debts | 44 | €9,167 | €25,272 | +€16,104 | +176% |
| Suppliers | 440/4 | €9,167 | €25,272 | +€16,104 | +176% |
| Taxes, remuneration and social security | 45 | €34,147 | €23,969 | -€10,178 | -29.8% |
| Taxes | 450/3 | €14,461 | €12,900 | -€1,561 | -10.8% |
| Remuneration and social security | 454/9 | €19,686 | €11,069 | -€8,617 | -43.8% |
| Other amounts payable | 47/48 | €49,500 | €54,215 | +€4,715 | +9.5% |
| Remuneration, social security and pensions | 62 | €179,992 | €161,472 | -€18,520 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,225 | €87,424 | +€2,199 | +2.6% |
| Other operating charges | 640/8 | €9,552 | €7,110 | -€2,442 | -25.6% |
| Gross operating margin | 9900 | €289,425 | €265,871 | -€23,554 | -8.1% |
| Operating profit (loss) | 9901 | €14,657 | €9,866 | -€4,791 | -32.7% |
| Financial income | 75/76B | €1,497 | €1,637 | +€140 | +9.3% |
| Recurring financial income | 75 | €1,497 | €1,637 | +€140 | +9.3% |
| Financial charges | 65/66B | €8,890 | €9,332 | +€442 | +5.0% |
| Recurring financial charges | 65 | €8,890 | €9,332 | +€442 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €7,264 | €2,171 | -€5,094 | -70.1% |
| Income taxes | 67/77 | €3,528 | €2,607 | -€921 | -26.1% |
| Profit (loss) for the period | 9904 | €3,736 | -€437 | -€4,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,736 | -€437 | -€4,173 |
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 30 October 2026 via checked.be.