ART EAU GREEN: 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 EAU GREEN
Largest movements
- Cash -€27,362
down €27,362 (-50.9%), from €53,754 to €26,392
mainly Net result for the year (-€32,575) and Trade debts (-€12,056)
- Receivables within one year -€19,797
down €19,797 (-76.8%), from €25,789 to €5,992
of which Trade receivables: -€10,771
- Tangible fixed assets -€14,435
down €14,435 (-72.0%), from €20,057 to €5,622
of which Furniture and vehicles: -€13,545
- Profit (loss) carried forward -€32,575
down €32,575 (-63.7%), from -€51,157 to -€83,732
- Trade debts -€12,056
down €12,056 (-13.8%), from €87,279 to €75,222
- Current portion of long-term debt -€11,712
down €11,712 (-100%), from €11,712 to €0
- Tax, wage and social debts -€5,024
down €5,024 (-57.1%), from €8,799 to €3,776
of which Remuneration and social security: -€4,703
- Gross operating margin -€77,254
down €77,254 (-76.9%), from €100,423 to €23,169
- Staff costs -€48,873
down €48,873 (-59.1%), from €82,647 to €33,774
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 | €99,624 | €38,257 | -€61,367 | -61.6% |
| Fixed assets | 21/28 | €20,057 | €5,622 | -€14,435 | -72.0% |
| Tangible fixed assets | 22/27 | €20,057 | €5,622 | -€14,435 | -72.0% |
| Plant, machinery and equipment | 23 | €2,880 | €1,990 | -€889 | -30.9% |
| Furniture and vehicles | 24 | €17,177 | €3,632 | -€13,545 | -78.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €79,567 | €32,635 | -€46,932 | -59.0% |
| Amounts receivable within one year | 40/41 | €25,789 | €5,992 | -€19,797 | -76.8% |
| Trade receivables | 40 | €15,760 | €4,989 | -€10,771 | -68.3% |
| Other amounts receivable | 41 | €10,029 | €1,003 | -€9,026 | -90.0% |
| Cash at bank and in hand | 54/58 | €53,754 | €26,392 | -€27,362 | -50.9% |
| Deferred charges and accrued income | 490/1 | €24 | €251 | +€227 | +960% |
| Total equity and liabilities | 10/49 | €99,624 | €38,257 | -€61,367 | -61.6% |
| Equity | 10/15 | -€12,357 | -€44,932 | -€32,575 | -264% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €32,200 | €32,200 | = | 0.0% |
| Distributable reserves | 133 | €32,200 | €32,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,157 | -€83,732 | -€32,575 | -63.7% |
| Amounts payable | 17/49 | €111,981 | €83,189 | -€28,792 | -25.7% |
| Amounts payable after more than one year | 17 | €1,938 | €1,938 | = | 0.0% |
| Financial debts | 170/4 | €1,938 | €1,938 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,043 | €81,250 | -€28,792 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €11,712 | €0 | -€11,712 | -100% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €87,279 | €75,222 | -€12,056 | -13.8% |
| Suppliers | 440/4 | €87,279 | €75,222 | -€12,056 | -13.8% |
| Advances received on contracts in progress | 46 | €1,800 | €1,800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,799 | €3,776 | -€5,024 | -57.1% |
| Taxes | 450/3 | €321 | €0 | -€321 | -100% |
| Remuneration and social security | 454/9 | €8,479 | €3,776 | -€4,703 | -55.5% |
| Other amounts payable | 47/48 | €453 | €453 | = | 0.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €82,647 | €33,774 | -€48,873 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,270 | €14,435 | +€165 | +1.2% |
| Other operating charges | 640/8 | €607 | €646 | +€38 | +6.3% |
| Gross operating margin | 9900 | €100,423 | €23,169 | -€77,254 | -76.9% |
| Operating profit (loss) | 9901 | €2,899 | -€25,685 | -€28,584 | |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.9% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.9% |
| Financial charges | 65/66B | €1,008 | €890 | -€118 | -11.7% |
| Recurring financial charges | 65 | €1,008 | €890 | -€118 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €1,929 | -€26,575 | -€28,504 | |
| Income taxes | 67/77 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,071 | -€32,575 | -€28,504 | -700% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,071 | -€32,575 | -€28,504 | -700% |
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.