Art Emoi: 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 Emoi
Largest movements
- Current investments -€69,726
no longer reported in 2025 (was €69,726)
- Intangible fixed assets -€54,618
down €54,618 (-52.7%), from €103,736 to €49,118
- Cash +€49,074
new in 2025: €49,074
mainly Current investments (+€69,726) and Investment in fixed assets (net) (+€45,754)
- Receivables within one year -€14,000
down €14,000 (-99.8%), from €14,033 to €33
of which Trade receivables: -€12,888
- Tangible fixed assets -€4,806
down €4,806 (-14.8%), from €32,486 to €27,680
of which Other tangible fixed assets: -€4,066
- Other debts -€81,927
down €81,927 (-57.6%), from €142,283 to €60,356
- Tax, wage and social debts -€9,665
down €9,665 (-53.2%), from €18,166 to €8,501
- Trade debts -€9,290
down €9,290 (-80.1%), from €11,598 to €2,309
of which Suppliers: -€9,676
- Profit (loss) carried forward +€7,362
new in 2025: €7,362
- Gross operating margin -€24,446
down €24,446 (-48.3%), from €50,629 to €26,183
- Depreciation -€5,853
down €5,853 (-30.0%), from €19,522 to €13,669
- Taxes -€5,166
down €5,166 (-67.0%), from €7,710 to €2,544
- Financial charges -€884
down €884 (-30.0%), from €2,943 to €2,059
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 | €220,128 | €125,906 | -€94,222 | -42.8% |
| Fixed assets | 21/28 | €136,222 | €76,799 | -€59,423 | -43.6% |
| Intangible fixed assets | 21 | €103,736 | €49,118 | -€54,618 | -52.7% |
| Tangible fixed assets | 22/27 | €32,486 | €27,680 | -€4,806 | -14.8% |
| Furniture and vehicles | 24 | €2,629 | €1,890 | -€739 | -28.1% |
| Other tangible fixed assets | 26 | €29,857 | €25,791 | -€4,066 | -13.6% |
| Current assets | 29/58 | €83,906 | €49,107 | -€34,799 | -41.5% |
| Amounts receivable within one year | 40/41 | €14,033 | €33 | -€14,000 | -99.8% |
| Trade receivables | 40 | €12,888 | - | -€12,888 | |
| Other amounts receivable | 41 | €1,145 | €33 | -€1,112 | -97.1% |
| Current investments | 50/53 | €69,726 | - | -€69,726 | |
| Cash at bank and in hand | 54/58 | - | €49,074 | +€49,074 | |
| Deferred charges and accrued income | 490/1 | €147 | - | -€147 | |
| Total equity and liabilities | 10/49 | €220,128 | €125,906 | -€94,222 | -42.8% |
| Equity | 10/15 | €47,378 | €54,740 | +€7,362 | +15.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,378 | €42,378 | +€0 | 0.0% |
| Distributable reserves | 133 | €42,378 | €42,378 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €7,362 | +€7,362 | |
| Amounts payable | 17/49 | €172,750 | €71,166 | -€101,584 | -58.8% |
| Amounts payable within one year | 42/48 | €172,750 | €71,166 | -€101,584 | -58.8% |
| Trade debts | 44 | €11,598 | €2,309 | -€9,290 | -80.1% |
| Suppliers | 440/4 | €11,598 | €1,922 | -€9,676 | -83.4% |
| Bills of exchange payable | 441 | - | €387 | +€387 | |
| Advances received on contracts in progress | 46 | €703 | - | -€703 | |
| Taxes, remuneration and social security | 45 | €18,166 | €8,501 | -€9,665 | -53.2% |
| Taxes | 450/3 | €18,166 | €8,501 | -€9,665 | -53.2% |
| Other amounts payable | 47/48 | €142,283 | €60,356 | -€81,927 | -57.6% |
| Non-recurring operating income | 76A | - | €19,342 | +€19,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,522 | €13,669 | -€5,853 | -30.0% |
| Other operating charges | 640/8 | €762 | €340 | -€422 | -55.4% |
| Non-recurring operating charges | 66A | - | €210 | +€210 | |
| Gross operating margin | 9900 | €50,629 | €26,183 | -€24,446 | -48.3% |
| Operating profit (loss) | 9901 | €30,345 | €11,964 | -€18,381 | -60.6% |
| Financial income | 75/76B | €76 | €1 | -€75 | -98.9% |
| Recurring financial income | 75 | €76 | €1 | -€75 | -98.9% |
| Financial charges | 65/66B | €2,943 | €2,059 | -€884 | -30.0% |
| Recurring financial charges | 65 | €2,943 | €2,059 | -€884 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €27,478 | €9,905 | -€17,573 | -64.0% |
| Income taxes | 67/77 | €7,710 | €2,544 | -€5,166 | -67.0% |
| Profit (loss) for the period | 9904 | €19,768 | €7,362 | -€12,406 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,768 | €7,362 | -€12,406 | -62.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.