Art & Estate: 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 & Estate
Largest movements
- Receivables within one year -€27,859
down €27,859 (-96.6%), from €28,825 to €966
of which Other amounts receivable: -€23,321
- Cash -€3,293
down €3,293 (-99.8%), from €3,299 to €6
mainly Other debts (-€19,773) and Net result for the year (-€9,044)
- Tangible fixed assets -€390
down €390 (-24.4%), from €1,599 to €1,209
- Other debts -€19,773
down €19,773 (-45.4%), from €43,563 to €23,790
- Profit (loss) carried forward -€9,044
down €9,044 (-28.8%), from -€31,363 to -€40,407
- Trade debts -€3,082
down €3,082 (-60.7%), from €5,075 to €1,993
- Short-term financial debts +€398
new in 2025: €398
- Other operating charges -€1,557
down €1,557 (-93.0%), from €1,675 to €118
- Gross operating margin -€1,494
down €1,494 (-21.6%), from -€6,929 to -€8,423
- Financial charges -€149
down €149 (-53.3%), from €279 to €130
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 | €34,623 | €3,082 | -€31,541 | -91.1% |
| Fixed assets | 21/28 | €2,499 | €2,109 | -€390 | -15.6% |
| Tangible fixed assets | 22/27 | €1,599 | €1,209 | -€390 | -24.4% |
| Furniture and vehicles | 24 | €1,599 | €1,209 | -€390 | -24.4% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €32,124 | €972 | -€31,152 | -97.0% |
| Amounts receivable within one year | 40/41 | €28,825 | €966 | -€27,859 | -96.6% |
| Trade receivables | 40 | €4,538 | €0 | -€4,538 | -100% |
| Other amounts receivable | 41 | €24,288 | €966 | -€23,321 | -96.0% |
| Cash at bank and in hand | 54/58 | €3,299 | €6 | -€3,293 | -99.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €34,623 | €3,082 | -€31,541 | -91.1% |
| Equity | 10/15 | -€14,264 | -€23,308 | -€9,044 | -63.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €16,599 | €16,599 | = | 0.0% |
| Distributable reserves | 133 | €16,599 | €16,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,363 | -€40,407 | -€9,044 | -28.8% |
| Amounts payable | 17/49 | €48,887 | €26,390 | -€22,497 | -46.0% |
| Amounts payable within one year | 42/48 | €48,887 | €26,390 | -€22,497 | -46.0% |
| Financial debts | 43 | - | €398 | +€398 | |
| Credit institutions | 430/8 | - | €398 | +€398 | |
| Trade debts | 44 | €5,075 | €1,993 | -€3,082 | -60.7% |
| Suppliers | 440/4 | €5,075 | €1,993 | -€3,082 | -60.7% |
| Taxes, remuneration and social security | 45 | €249 | €210 | -€39 | -15.8% |
| Taxes | 450/3 | €249 | €210 | -€39 | -15.8% |
| Other amounts payable | 47/48 | €43,563 | €23,790 | -€19,773 | -45.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349 | €390 | +€41 | +11.6% |
| Other operating charges | 640/8 | €1,675 | €118 | -€1,557 | -93.0% |
| Gross operating margin | 9900 | -€6,929 | -€8,423 | -€1,494 | -21.6% |
| Operating profit (loss) | 9901 | -€8,953 | -€8,930 | +€23 | +0.3% |
| Financial income | 75/76B | €10 | €16 | +€6 | +61.6% |
| Recurring financial income | 75 | €10 | €16 | +€6 | +61.6% |
| Financial charges | 65/66B | €279 | €130 | -€149 | -53.3% |
| Recurring financial charges | 65 | €279 | €130 | -€149 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,221 | -€9,044 | +€177 | +1.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,221 | -€9,044 | +€177 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,221 | -€9,044 | +€177 | +1.9% |
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 27 October 2026 via checked.be.