ART ET GESTION: 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 GESTION
Largest movements
- Cash +€34,127
up €34,127 (+26.0%), from €131,144 to €165,271
mainly Depreciation (+€18,267) and Net result for the year (+€15,745)
- Tangible fixed assets -€18,267
down €18,267 (-9.0%), from €203,838 to €185,571
- Profit (loss) carried forward +€15,745
up €15,745 (+19.1%), from -€82,272 to -€66,527
- Gross operating margin +€352
up €352 (+1.0%), from €34,118 to €34,470
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 | €337,837 | €353,697 | +€15,860 | +4.7% |
| Fixed assets | 21/28 | €206,693 | €188,426 | -€18,267 | -8.8% |
| Tangible fixed assets | 22/27 | €203,838 | €185,571 | -€18,267 | -9.0% |
| Land and buildings | 22 | €203,838 | €185,571 | -€18,267 | -9.0% |
| Financial fixed assets | 28 | €2,855 | €2,855 | = | 0.0% |
| Current assets | 29/58 | €131,144 | €165,271 | +€34,127 | +26.0% |
| Cash at bank and in hand | 54/58 | €131,144 | €165,271 | +€34,127 | +26.0% |
| Total equity and liabilities | 10/49 | €337,837 | €353,697 | +€15,860 | +4.7% |
| Equity | 10/15 | €334,525 | €350,270 | +€15,745 | +4.7% |
| Contributions | 10/11 | €411,555 | €411,555 | = | 0.0% |
| Capital | 10 | €411,555 | €411,555 | = | 0.0% |
| Issued capital | 100 | €411,555 | €411,555 | = | 0.0% |
| Reserves | 13 | €5,242 | €5,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,429 | €4,429 | = | 0.0% |
| Legal reserve | 130 | €4,429 | €4,429 | = | 0.0% |
| Distributable reserves | 133 | €813 | €813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,272 | -€66,527 | +€15,745 | +19.1% |
| Amounts payable | 17/49 | €3,312 | €3,427 | +€115 | +3.5% |
| Amounts payable within one year | 42/48 | €3,312 | €3,427 | +€115 | +3.5% |
| Financial debts | 43 | €75 | €75 | = | 0.0% |
| Other loans | 439 | €75 | €75 | = | 0.0% |
| Trade debts | 44 | €3,237 | €3,352 | +€115 | +3.6% |
| Suppliers | 440/4 | €3,237 | €3,352 | +€115 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,102 | €18,267 | +€165 | +0.9% |
| Other operating charges | 640/8 | €411 | €400 | -€11 | -2.7% |
| Gross operating margin | 9900 | €34,118 | €34,470 | +€352 | +1.0% |
| Operating profit (loss) | 9901 | €15,605 | €15,803 | +€198 | +1.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €74 | €70 | -€4 | -5.4% |
| Recurring financial charges | 65 | €74 | €70 | -€4 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €15,531 | €15,745 | +€214 | +1.4% |
| Profit (loss) for the period | 9904 | €15,531 | €15,745 | +€214 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,531 | €15,745 | +€214 | +1.4% |
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 23 October 2026 via checked.be.