ART 'E PLUS: 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 'E PLUS
Largest movements
- Tangible fixed assets +€22,061
new in 2025: €22,061
- Current investments -€21,472
down €21,472 (-61.3%), from €35,000 to €13,528
- Receivables within one year -€12,902
down €12,902 (-30.9%), from €41,807 to €28,905
of which Trade receivables: -€29,858
- Cash +€6,607
up €6,607 (+133.4%), from €4,953 to €11,560
mainly Current investments (+€21,472) and Net result for the year (+€15,100)
- Profit (loss) carried forward +€15,100
up €15,100 (+59.1%), from €25,534 to €40,634
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Tax, wage and social debts -€7,056
down €7,056 (-38.9%), from €18,149 to €11,093
of which Taxes: -€6,863
- Trade debts -€1,776
down €1,776 (-30.4%), from €5,843 to €4,066
- Gross operating margin -€27,637
down €27,637 (-54.1%), from €51,064 to €23,427
- Depreciation -€11,063
down €11,063 (-98.3%), from €11,250 to €187
- Taxes -€3,845
down €3,845 (-35.9%), from €10,719 to €6,873
- Other operating charges +€697
up €697 (+116.3%), from €599 to €1,296
- Financial income -€585
down €585 (-79.3%), from €739 to €153
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 | €81,985 | €76,253 | -€5,732 | -7.0% |
| Fixed assets | 21/28 | - | €22,061 | +€22,061 | |
| Tangible fixed assets | 22/27 | - | €22,061 | +€22,061 | |
| Land and buildings | 22 | - | €22,061 | +€22,061 | |
| Current assets | 29/58 | €81,985 | €54,192 | -€27,793 | -33.9% |
| Stocks and contracts in progress | 3 | €225 | €199 | -€26 | -11.6% |
| Stocks | 30/36 | €225 | €199 | -€26 | -11.6% |
| Amounts receivable within one year | 40/41 | €41,807 | €28,905 | -€12,902 | -30.9% |
| Trade receivables | 40 | €29,858 | - | -€29,858 | |
| Other amounts receivable | 41 | €11,949 | €28,905 | +€16,956 | +141.9% |
| Current investments | 50/53 | €35,000 | €13,528 | -€21,472 | -61.3% |
| Cash at bank and in hand | 54/58 | €4,953 | €11,560 | +€6,607 | +133.4% |
| Total equity and liabilities | 10/49 | €81,985 | €76,253 | -€5,732 | -7.0% |
| Equity | 10/15 | €45,994 | €61,094 | +€15,100 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,534 | €40,634 | +€15,100 | +59.1% |
| Amounts payable | 17/49 | €35,991 | €15,159 | -€20,832 | -57.9% |
| Amounts payable within one year | 42/48 | €35,991 | €15,159 | -€20,832 | -57.9% |
| Trade debts | 44 | €5,843 | €4,066 | -€1,776 | -30.4% |
| Suppliers | 440/4 | €5,843 | €4,066 | -€1,776 | -30.4% |
| Taxes, remuneration and social security | 45 | €18,149 | €11,093 | -€7,056 | -38.9% |
| Taxes | 450/3 | €17,956 | €11,093 | -€6,863 | -38.2% |
| Remuneration and social security | 454/9 | €193 | - | -€193 | |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Non-recurring operating income | 76A | €5,135 | €2,000 | -€3,135 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,250 | €187 | -€11,063 | -98.3% |
| Other operating charges | 640/8 | €599 | €1,296 | +€697 | +116.3% |
| Gross operating margin | 9900 | €51,064 | €23,427 | -€27,637 | -54.1% |
| Operating profit (loss) | 9901 | €39,215 | €21,944 | -€17,271 | -44.0% |
| Financial income | 75/76B | €739 | €153 | -€585 | -79.3% |
| Recurring financial income | 75 | €739 | €153 | -€585 | -79.3% |
| Financial charges | 65/66B | €115 | €124 | +€8 | +7.2% |
| Recurring financial charges | 65 | €115 | €124 | +€8 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €39,838 | €21,973 | -€17,865 | -44.8% |
| Income taxes | 67/77 | €10,719 | €6,873 | -€3,845 | -35.9% |
| Profit (loss) for the period | 9904 | €29,119 | €15,100 | -€14,019 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,119 | €15,100 | -€14,019 | -48.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.