ART-ELEC.BE: 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-ELEC.BE
Largest movements
- Cash -€8,103
down €8,103 (-30.5%), from €26,548 to €18,445
mainly Net result for the year (-€13,702) and Receivables within one year (-€6,862)
- Receivables within one year +€6,862
up €6,862 (+137%), from €5,011 to €11,873
of which Trade receivables: +€7,390
- Stocks and contracts -€1,947
down €1,947 (-15.1%), from €12,915 to €10,968
- Tangible fixed assets -€1,775
down €1,775 (-89.2%), from €1,989 to €214
- Reserves -€14,000
down €14,000 (-63.6%), from €22,000 to €8,000
- Trade debts +€7,314
up €7,314 (+597%), from €1,225 to €8,539
- Tax, wage and social debts +€1,067
up €1,067 (+51.3%), from €2,079 to €3,145
of which Remuneration and social security: +€1,676
- Other debts +€880
up €880, from €0 to €880
- Gross operating margin -€8,612
down €8,612 (-59.2%), from €14,542 to €5,930
- Staff costs +€6,550
up €6,550 (+65.4%), from €10,016 to €16,566
- Depreciation -€2,069
down €2,069 (-53.8%), from €3,844 to €1,775
- Financial charges +€796
up €796 (+580%), from €137 to €933
of which Non-recurring financial charges: +€809
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 | €46,463 | €42,021 | -€4,442 | -9.6% |
| Fixed assets | 21/28 | €1,989 | €424 | -€1,565 | -78.7% |
| Tangible fixed assets | 22/27 | €1,989 | €214 | -€1,775 | -89.2% |
| Furniture and vehicles | 24 | €1,989 | €214 | -€1,775 | -89.2% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €44,474 | €41,597 | -€2,877 | -6.5% |
| Stocks and contracts in progress | 3 | €12,915 | €10,968 | -€1,947 | -15.1% |
| Stocks | 30/36 | €12,915 | €10,968 | -€1,947 | -15.1% |
| Amounts receivable within one year | 40/41 | €5,011 | €11,873 | +€6,862 | +137% |
| Trade receivables | 40 | €3,294 | €10,684 | +€7,390 | +224% |
| Other amounts receivable | 41 | €1,717 | €1,189 | -€528 | -30.7% |
| Cash at bank and in hand | 54/58 | €26,548 | €18,445 | -€8,103 | -30.5% |
| Deferred charges and accrued income | 490/1 | - | €311 | +€311 | |
| Total equity and liabilities | 10/49 | €46,463 | €42,021 | -€4,442 | -9.6% |
| Equity | 10/15 | €43,160 | €29,458 | -€13,702 | -31.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €22,000 | €8,000 | -€14,000 | -63.6% |
| Distributable reserves | 133 | €22,000 | €8,000 | -€14,000 | -63.6% |
| Profit (loss) carried forward | 14 | €700 | €998 | +€298 | +42.5% |
| Amounts payable | 17/49 | €3,304 | €12,564 | +€9,260 | +280% |
| Amounts payable within one year | 42/48 | €3,304 | €12,564 | +€9,260 | +280% |
| Trade debts | 44 | €1,225 | €8,539 | +€7,314 | +597% |
| Suppliers | 440/4 | €1,225 | €8,539 | +€7,314 | +597% |
| Taxes, remuneration and social security | 45 | €2,079 | €3,145 | +€1,067 | +51.3% |
| Taxes | 450/3 | €1,239 | €630 | -€609 | -49.1% |
| Remuneration and social security | 454/9 | €839 | €2,515 | +€1,676 | +200% |
| Other amounts payable | 47/48 | €0 | €880 | +€880 | |
| Non-recurring operating income | 76A | - | €129 | +€129 | |
| Remuneration, social security and pensions | 62 | €10,016 | €16,566 | +€6,550 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,844 | €1,775 | -€2,069 | -53.8% |
| Other operating charges | 640/8 | €494 | €506 | +€12 | +2.5% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €14,542 | €5,930 | -€8,612 | -59.2% |
| Operating profit (loss) | 9901 | €62 | -€12,917 | -€12,979 | |
| Financial income | 75/76B | €216 | €211 | -€5 | -2.3% |
| Recurring financial income | 75 | €216 | €211 | -€5 | -2.3% |
| Financial charges | 65/66B | €137 | €933 | +€796 | +580% |
| Recurring financial charges | 65 | €103 | €90 | -€13 | -12.6% |
| Non-recurring financial charges | 66B | €34 | €843 | +€809 | +2,367% |
| Profit (loss) for the period before taxes | 9903 | €140 | -€13,639 | -€13,779 | |
| Income taxes | 67/77 | €55 | €63 | +€8 | +14.7% |
| Profit (loss) for the period | 9904 | €85 | -€13,702 | -€13,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €85 | -€13,702 | -€13,787 |
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 31 October 2026 via checked.be.