Art'dzif: 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'dzif
Largest movements
- Cash +€8,682
up €8,682 (+74.8%), from €11,607 to €20,290
mainly Debts after one year (+€18,400) and Depreciation (+€6,797)
- Receivables within one year -€5,271
down €5,271 (-22.3%), from €23,672 to €18,401
- Tangible fixed assets -€2,733
down €2,733 (-11.7%), from €23,269 to €20,536
- Profit (loss) carried forward -€20,598
down €20,598, from €4,296 to -€16,302
- Debts after one year +€18,400
new in 2025: €18,400
- Current portion of long-term debt +€4,800
new in 2025: €4,800
- Other debts -€3,748
down €3,748 (-18.6%), from €20,204 to €16,456
- Tax, wage and social debts +€3,207
up €3,207 (+36.4%), from €8,802 to €12,009
- Gross operating margin -€33,297
down €33,297, from €20,799 to -€12,498
- Financial income -€3,000
no longer reported in 2025 (was €3,000)
of which Financial income: -€3,000
- Depreciation +€2,346
up €2,346 (+52.7%), from €4,451 to €6,797
- Taxes -€1,969
down €1,969 (-79.4%), from €2,479 to €510
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 | €58,549 | €59,226 | +€678 | +1.2% |
| Fixed assets | 21/28 | €23,269 | €20,536 | -€2,733 | -11.7% |
| Tangible fixed assets | 22/27 | €23,269 | €20,536 | -€2,733 | -11.7% |
| Furniture and vehicles | 24 | €23,269 | €20,536 | -€2,733 | -11.7% |
| Current assets | 29/58 | €35,279 | €38,690 | +€3,411 | +9.7% |
| Amounts receivable within one year | 40/41 | €23,672 | €18,401 | -€5,271 | -22.3% |
| Trade receivables | 40 | €23,672 | €18,401 | -€5,271 | -22.3% |
| Cash at bank and in hand | 54/58 | €11,607 | €20,290 | +€8,682 | +74.8% |
| Total equity and liabilities | 10/49 | €58,549 | €59,226 | +€678 | +1.2% |
| Equity | 10/15 | €19,296 | -€1,302 | -€20,598 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,296 | -€16,302 | -€20,598 | |
| Amounts payable | 17/49 | €39,253 | €60,529 | +€21,276 | +54.2% |
| Amounts payable after more than one year | 17 | - | €18,400 | +€18,400 | |
| Financial debts | 170/4 | - | €18,400 | +€18,400 | |
| Amounts payable within one year | 42/48 | €38,905 | €42,129 | +€3,224 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,800 | +€4,800 | |
| Financial debts | 43 | €962 | €590 | -€373 | -38.7% |
| Other loans | 439 | €962 | €590 | -€373 | -38.7% |
| Trade debts | 44 | €8,938 | €8,275 | -€663 | -7.4% |
| Suppliers | 440/4 | €8,938 | €8,275 | -€663 | -7.4% |
| Taxes, remuneration and social security | 45 | €8,802 | €12,009 | +€3,207 | +36.4% |
| Taxes | 450/3 | €8,802 | €12,009 | +€3,207 | +36.4% |
| Other amounts payable | 47/48 | €20,204 | €16,456 | -€3,748 | -18.6% |
| Accrued charges and deferred income | 492/3 | €348 | - | -€348 | |
| Non-recurring operating income | 76A | €9,976 | €1,458 | -€8,518 | -85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,451 | €6,797 | +€2,346 | +52.7% |
| Other operating charges | 640/8 | €340 | €337 | -€2 | -0.7% |
| Non-recurring operating charges | 66A | - | €60 | +€60 | |
| Gross operating margin | 9900 | €20,799 | -€12,498 | -€33,297 | |
| Operating profit (loss) | 9901 | €16,008 | -€19,693 | -€35,701 | |
| Financial income | 75/76B | €3,000 | - | -€3,000 | |
| Recurring financial income | 75 | €3,000 | - | -€3,000 | |
| Non-recurring financial income | 76B | €3,000 | - | -€3,000 | |
| Financial charges | 65/66B | €485 | €396 | -€89 | -18.4% |
| Recurring financial charges | 65 | €485 | €396 | -€89 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €18,523 | -€20,089 | -€38,612 | |
| Income taxes | 67/77 | €2,479 | €510 | -€1,969 | -79.4% |
| Profit (loss) for the period | 9904 | €16,044 | -€20,598 | -€36,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,044 | -€20,598 | -€36,643 |
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.