ART ET BOIS: 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 ET BOIS
Largest movements
- Tangible fixed assets +€14,142
up €14,142 (+98.0%), from €14,432 to €28,575
of which Furniture and vehicles: +€17,609
- Cash +€8,706
up €8,706 (+41.2%), from €21,122 to €29,828
mainly Net result for the year (+€29,398) and Debts after one year (+€16,349)
- Receivables within one year -€3,880
down €3,880 (-17.6%), from €21,997 to €18,117
of which Trade receivables: -€5,000
- Current investments +€2,812
up €2,812 (+2.6%), from €107,777 to €110,588
- Reserves +€17,498
up €17,498 (+15.2%), from €115,340 to €132,838
- Debts after one year +€16,349
new in 2025: €16,349
- Other debts -€15,909
down €15,909 (-57.9%), from €27,468 to €11,559
- Current portion of long-term debt +€4,730
up €4,730 (+162%), from €2,916 to €7,647
- Purchases and services -€25,595
down €25,595 (-16.6%), from €154,582 to €128,987
- Gross operating margin +€24,817
up €24,817 (+75.3%), from €32,947 to €57,764
- Write-downs +€6,932
new in 2025: €6,932
- Taxes +€4,682
up €4,682 (+57.4%), from €8,161 to €12,843
- Turnover -€1,904
down €1,904 (-1.0%), from €185,590 to €183,687
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 | €174,486 | €195,378 | +€20,892 | +12.0% |
| Fixed assets | 21/28 | €14,432 | €28,575 | +€14,142 | +98.0% |
| Tangible fixed assets | 22/27 | €14,432 | €28,575 | +€14,142 | +98.0% |
| Plant, machinery and equipment | 23 | €8,066 | €4,646 | -€3,420 | -42.4% |
| Furniture and vehicles | 24 | €6,320 | €23,929 | +€17,609 | +279% |
| Other tangible fixed assets | 26 | €46 | - | -€46 | |
| Current assets | 29/58 | €160,053 | €166,803 | +€6,750 | +4.2% |
| Stocks and contracts in progress | 3 | €5,794 | €5,290 | -€504 | -8.7% |
| Stocks | 30/36 | €5,794 | €5,290 | -€504 | -8.7% |
| Amounts receivable within one year | 40/41 | €21,997 | €18,117 | -€3,880 | -17.6% |
| Trade receivables | 40 | €15,828 | €10,828 | -€5,000 | -31.6% |
| Other amounts receivable | 41 | €6,169 | €7,289 | +€1,120 | +18.2% |
| Current investments | 50/53 | €107,777 | €110,588 | +€2,812 | +2.6% |
| Cash at bank and in hand | 54/58 | €21,122 | €29,828 | +€8,706 | +41.2% |
| Deferred charges and accrued income | 490/1 | €3,364 | €2,980 | -€384 | -11.4% |
| Total equity and liabilities | 10/49 | €174,486 | €195,378 | +€20,892 | +12.0% |
| Equity | 10/15 | €137,821 | €154,460 | +€16,639 | +12.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Contributions outside capital | 11 | €18,750 | €18,750 | = | 0.0% |
| Other | 1109/19 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €115,340 | €132,838 | +€17,498 | +15.2% |
| Distributable reserves | 133 | €115,340 | €132,838 | +€17,498 | +15.2% |
| Profit (loss) carried forward | 14 | €3,731 | €2,872 | -€859 | -23.0% |
| Amounts payable | 17/49 | €36,664 | €40,917 | +€4,253 | +11.6% |
| Amounts payable after more than one year | 17 | - | €16,349 | +€16,349 | |
| Financial debts | 170/4 | - | €16,349 | +€16,349 | |
| Amounts payable within one year | 42/48 | €36,664 | €24,568 | -€12,096 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €2,916 | €7,647 | +€4,730 | +162% |
| Trade debts | 44 | €1,764 | €1,958 | +€194 | +11.0% |
| Suppliers | 440/4 | €1,764 | €1,958 | +€194 | +11.0% |
| Taxes, remuneration and social security | 45 | €4,516 | €3,404 | -€1,112 | -24.6% |
| Taxes | 450/3 | €4,516 | €3,404 | -€1,112 | -24.6% |
| Other amounts payable | 47/48 | €27,468 | €11,559 | -€15,909 | -57.9% |
| Turnover | 70 | €185,590 | €183,687 | -€1,904 | -1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,582 | €128,987 | -€25,595 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,276 | €8,249 | +€973 | +13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,932 | +€6,932 | |
| Other operating charges | 640/8 | €235 | €262 | +€27 | +11.5% |
| Gross operating margin | 9900 | €32,947 | €57,764 | +€24,817 | +75.3% |
| Operating profit (loss) | 9901 | €25,436 | €42,321 | +€16,885 | +66.4% |
| Financial income | 75/76B | €1,100 | €1,160 | +€60 | +5.5% |
| Recurring financial income | 75 | €1,100 | €1,160 | +€60 | +5.5% |
| Financial charges | 65/66B | €1,032 | €1,240 | +€208 | +20.1% |
| Recurring financial charges | 65 | €1,032 | €1,240 | +€208 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €25,504 | €42,241 | +€16,737 | +65.6% |
| Income taxes | 67/77 | €8,161 | €12,843 | +€4,682 | +57.4% |
| Profit (loss) for the period | 9904 | €17,343 | €29,398 | +€12,055 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,343 | €29,398 | +€12,055 | +69.5% |
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.