Art Devo: what changed
Two fiscal 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 Devo
Largest movements
- Cash +€42,927
up €42,927 (+259.0%), from €16,576 to €59,503
mainly Net result for the year (+€34,761) and Depreciation (+€8,249)
- Tangible fixed assets -€8,249
down €8,249 (-30.4%), from €27,171 to €18,922
of which Leasing and similar rights: -€7,175
- Reserves +€34,761
up €34,761 (+68.4%), from €50,816 to €85,577
- Debts after one year -€5,275
down €5,275 (-33.9%), from €15,576 to €10,300
- Tax, wage and social debts +€5,124
up €5,124 (+47.8%), from €10,722 to €15,846
- Gross operating margin +€18,407
up €18,407 (+52.7%), from €34,956 to €53,364
- Taxes +€3,805
up €3,805 (+67.7%), from €5,623 to €9,428
- Financial income +€902
up €902 (+2255900.0%), from €0 to €902
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.
Cash bridge derived
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 | €87,890 | €122,658 | +€34,768 | +39.6% |
| Fixed assets | 21/28 | €27,171 | €18,922 | -€8,249 | -30.4% |
| Tangible fixed assets | 22/27 | €27,171 | €18,922 | -€8,249 | -30.4% |
| Furniture and vehicles | 24 | €1,586 | €512 | -€1,074 | -67.7% |
| Leasing and similar rights | 25 | €25,585 | €18,410 | -€7,175 | -28.0% |
| Current assets | 29/58 | €60,719 | €103,736 | +€43,016 | +70.8% |
| Amounts receivable within one year | 40/41 | €11,776 | €12,016 | +€240 | +2.0% |
| Trade receivables | 40 | €11,616 | €11,616 | = | 0.0% |
| Other amounts receivable | 41 | €160 | €400 | +€240 | +150.0% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,576 | €59,503 | +€42,927 | +259.0% |
| Deferred charges and accrued income | 490/1 | €2,367 | €2,216 | -€151 | -6.4% |
| Total equity and liabilities | 10/49 | €87,890 | €122,658 | +€34,768 | +39.6% |
| Equity | 10/15 | €53,816 | €88,577 | +€34,761 | +64.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,816 | €85,577 | +€34,761 | +68.4% |
| Distributable reserves | 133 | €50,816 | €85,577 | +€34,761 | +68.4% |
| Amounts payable | 17/49 | €34,074 | €34,081 | +€7 | 0.0% |
| Amounts payable after more than one year | 17 | €15,576 | €10,300 | -€5,275 | -33.9% |
| Financial debts | 170/4 | €15,576 | €10,300 | -€5,275 | -33.9% |
| Amounts payable within one year | 42/48 | €18,498 | €23,780 | +€5,282 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €4,973 | €5,217 | +€244 | +4.9% |
| Trade debts | 44 | €2,803 | €2,718 | -€86 | -3.1% |
| Suppliers | 440/4 | €2,803 | €2,718 | -€86 | -3.1% |
| Taxes, remuneration and social security | 45 | €10,722 | €15,846 | +€5,124 | +47.8% |
| Taxes | 450/3 | €10,722 | €15,846 | +€5,124 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,249 | €8,249 | -€0 | 0.0% |
| Other operating charges | 640/8 | €585 | €831 | +€246 | +42.0% |
| Gross operating margin | 9900 | €34,956 | €53,364 | +€18,407 | +52.7% |
| Operating profit (loss) | 9901 | €26,123 | €44,284 | +€18,162 | +69.5% |
| Financial income | 75/76B | €0 | €902 | +€902 | +2255900.0% |
| Recurring financial income | 75 | €0 | €902 | +€902 | +2255900.0% |
| Financial charges | 65/66B | €1,287 | €998 | -€289 | -22.5% |
| Recurring financial charges | 65 | €1,287 | €998 | -€289 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €24,836 | €44,189 | +€19,353 | +77.9% |
| Income taxes | 67/77 | €5,623 | €9,428 | +€3,805 | +67.7% |
| Profit (loss) for the period | 9904 | €19,212 | €34,761 | +€15,548 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,212 | €34,761 | +€15,548 | +80.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.