ART EN CRAFT: what changed
ART EN CRAFT
Largest movements
- Cash -€19,984
no longer reported in 2025 (was €19,984)
mainly Investment in fixed assets (net) (-€24,960) and Trade debts (-€24,656)
- Receivables within one year +€5,482
up €5,482 (+9.7%), from €56,665 to €62,147
of which Other amounts receivable: +€5,331
- Tangible fixed assets -€3,127
down €3,127 (-1.8%), from €170,130 to €167,003
of which Land and buildings: -€10,633
- Trade debts -€24,656
down €24,656 (-68.7%), from €35,877 to €11,221
- Reserves +€8,136
up €8,136 (+6.0%), from €136,223 to €144,359
of which Distributable reserves: +€13,857
- Short-term financial debts +€3,270
new in 2025: €3,270
- Provisions -€2,947
down €2,947 (-11.1%), from €26,485 to €23,538
- Tax, wage and social debts -€2,924
down €2,924 (-31.7%), from €9,220 to €6,296
- Gross operating margin +€15,462
up €15,462 (+22.8%), from €67,870 to €83,332
- Other operating charges +€15,284
up €15,284 (+34.2%), from €44,718 to €60,002
- Taxes -€5,219
down €5,219 (-48.2%), from €10,833 to €5,614
- Depreciation +€5,129
up €5,129 (+22.3%), from €22,958 to €28,087
- Financial income -€971
down €971 (-5.5%), from €17,726 to €16,755
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,816 | €248,485 | -€16,331 | -6.2% |
| Fixed assets | 21/28 | €170,130 | €167,003 | -€3,127 | -1.8% |
| Tangible fixed assets | 22/27 | €170,130 | €167,003 | -€3,127 | -1.8% |
| Land and buildings | 22 | €110,444 | €99,811 | -€10,633 | -9.6% |
| Plant, machinery and equipment | 23 | €49,655 | €49,003 | -€652 | -1.3% |
| Furniture and vehicles | 24 | €10,031 | €18,189 | +€8,158 | +81.3% |
| Current assets | 29/58 | €94,686 | €81,482 | -€13,204 | -13.9% |
| Stocks and contracts in progress | 3 | €16,210 | €17,508 | +€1,298 | +8.0% |
| Stocks | 30/36 | €16,210 | €17,508 | +€1,298 | +8.0% |
| Amounts receivable within one year | 40/41 | €56,665 | €62,147 | +€5,482 | +9.7% |
| Trade receivables | 40 | €29,226 | €29,377 | +€151 | +0.5% |
| Other amounts receivable | 41 | €27,439 | €32,770 | +€5,331 | +19.4% |
| Cash at bank and in hand | 54/58 | €19,984 | - | -€19,984 | |
| Deferred charges and accrued income | 490/1 | €1,827 | €1,827 | = | 0.0% |
| Total equity and liabilities | 10/49 | €264,816 | €248,485 | -€16,331 | -6.2% |
| Equity | 10/15 | €148,618 | €156,754 | +€8,136 | +5.5% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €136,223 | €144,359 | +€8,136 | +6.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,413 | €45,692 | -€5,721 | -11.1% |
| Distributable reserves | 133 | €82,951 | €96,808 | +€13,857 | +16.7% |
| Provisions and deferred taxes | 16 | €26,485 | €23,538 | -€2,947 | -11.1% |
| Deferred taxes | 168 | €26,485 | €23,538 | -€2,947 | -11.1% |
| Amounts payable | 17/49 | €89,713 | €68,193 | -€21,520 | -24.0% |
| Amounts payable after more than one year | 17 | €38,351 | €41,141 | +€2,790 | +7.3% |
| Financial debts | 170/4 | €38,351 | €41,141 | +€2,790 | +7.3% |
| Amounts payable within one year | 42/48 | €51,362 | €27,052 | -€24,310 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €765 | €765 | = | 0.0% |
| Financial debts | 43 | - | €3,270 | +€3,270 | |
| Credit institutions | 430/8 | - | €3,270 | +€3,270 | |
| Trade debts | 44 | €35,877 | €11,221 | -€24,656 | -68.7% |
| Suppliers | 440/4 | €35,877 | €11,221 | -€24,656 | -68.7% |
| Taxes, remuneration and social security | 45 | €9,220 | €6,296 | -€2,924 | -31.7% |
| Taxes | 450/3 | €9,220 | €6,296 | -€2,924 | -31.7% |
| Other amounts payable | 47/48 | €5,500 | €5,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,958 | €28,087 | +€5,129 | +22.3% |
| Other operating charges | 640/8 | €44,718 | €60,002 | +€15,284 | +34.2% |
| Gross operating margin | 9900 | €67,870 | €83,332 | +€15,462 | +22.8% |
| Operating profit (loss) | 9901 | €194 | -€4,757 | -€4,951 | |
| Financial income | 75/76B | €17,726 | €16,755 | -€971 | -5.5% |
| Recurring financial income | 75 | €17,726 | €16,755 | -€971 | -5.5% |
| Financial charges | 65/66B | €1,128 | €1,195 | +€67 | +5.9% |
| Recurring financial charges | 65 | €1,128 | €1,195 | +€67 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €16,792 | €10,803 | -€5,989 | -35.7% |
| Transfer from deferred taxes | 780 | €2,986 | €2,947 | -€39 | -1.3% |
| Income taxes | 67/77 | €10,833 | €5,614 | -€5,219 | -48.2% |
| Profit (loss) for the period | 9904 | €8,945 | €8,136 | -€809 | -9.0% |
| Transfer from tax-exempt reserves | 789 | €5,795 | €5,721 | -€74 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,740 | €13,857 | -€883 | -6.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.