ART ET FAÇADE: what changed
ART ET FAÇADE
Largest movements
- Receivables within one year +€59,461
up €59,461 (+24.5%), from €242,281 to €301,743
of which Other amounts receivable: +€66,659
- Cash +€35,493
up €35,493 (+17.3%), from €205,277 to €240,770
mainly Net result for the year (+€74,262) and Tax, wage and social debts (+€20,313)
- Profit (loss) carried forward +€74,262
up €74,262 (+18.9%), from €393,611 to €467,873
- Tax, wage and social debts +€20,313
up €20,313 (+54.2%), from €37,483 to €57,796
of which Remuneration and social security: +€19,049
- Gross operating margin +€82,944
up €82,944 (+92.2%), from €89,939 to €172,883
- Taxes +€30,971
up €30,971 (+253%), from €12,232 to €43,202
- Staff costs +€8,036
up €8,036 (+17.8%), from €45,264 to €53,300
- Depreciation -€3,787
down €3,787 (-77.9%), from €4,864 to €1,076
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 | €450,034 | €545,117 | +€95,083 | +21.1% |
| Fixed assets | 21/28 | €2,475 | €2,604 | +€129 | +5.2% |
| Tangible fixed assets | 22/27 | €2,475 | €2,604 | +€129 | +5.2% |
| Plant, machinery and equipment | 23 | €1,206 | €815 | -€390 | -32.4% |
| Furniture and vehicles | 24 | €1,270 | €1,788 | +€519 | +40.9% |
| Current assets | 29/58 | €447,559 | €542,513 | +€94,954 | +21.2% |
| Amounts receivable within one year | 40/41 | €242,281 | €301,743 | +€59,461 | +24.5% |
| Trade receivables | 40 | €233,654 | €226,457 | -€7,198 | -3.1% |
| Other amounts receivable | 41 | €8,627 | €75,286 | +€66,659 | +773% |
| Cash at bank and in hand | 54/58 | €205,277 | €240,770 | +€35,493 | +17.3% |
| Total equity and liabilities | 10/49 | €450,034 | €545,117 | +€95,083 | +21.1% |
| Equity | 10/15 | €412,211 | €486,473 | +€74,262 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,611 | €467,873 | +€74,262 | +18.9% |
| Amounts payable | 17/49 | €37,823 | €58,643 | +€20,820 | +55.0% |
| Amounts payable within one year | 42/48 | €37,823 | €58,643 | +€20,820 | +55.0% |
| Trade debts | 44 | €250 | €847 | +€597 | +239% |
| Suppliers | 440/4 | €250 | €847 | +€597 | +239% |
| Taxes, remuneration and social security | 45 | €37,483 | €57,796 | +€20,313 | +54.2% |
| Taxes | 450/3 | €36,087 | €37,351 | +€1,264 | +3.5% |
| Remuneration and social security | 454/9 | €1,397 | €20,445 | +€19,049 | +1,364% |
| Other amounts payable | 47/48 | €89 | - | -€89 | |
| Remuneration, social security and pensions | 62 | €45,264 | €53,300 | +€8,036 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,864 | €1,076 | -€3,787 | -77.9% |
| Other operating charges | 640/8 | €1,439 | €700 | -€738 | -51.3% |
| Gross operating margin | 9900 | €89,939 | €172,883 | +€82,944 | +92.2% |
| Operating profit (loss) | 9901 | €38,372 | €117,806 | +€79,434 | +207% |
| Financial charges | 65/66B | €195 | €342 | +€147 | +75.4% |
| Recurring financial charges | 65 | €195 | €342 | +€147 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €38,177 | €117,464 | +€79,287 | +208% |
| Income taxes | 67/77 | €12,232 | €43,202 | +€30,971 | +253% |
| Profit (loss) for the period | 9904 | €25,946 | €74,262 | +€48,316 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €25,946 | €74,262 | +€48,316 | +186% |
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.