ART et PASSION: 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 PASSION
Largest movements
- Tangible fixed assets -€15,461
down €15,461 (-13.8%), from €112,237 to €96,776
of which Furniture and vehicles: -€10,035
- Receivables within one year -€1,921
down €1,921 (-77.8%), from €2,470 to €549
of which Other amounts receivable: -€1,150
- Other debts -€8,040
down €8,040 (-25.4%), from €31,607 to €23,567
- Debts after one year -€6,646
down €6,646 (-53.8%), from €12,357 to €5,710
- Profit (loss) carried forward -€2,614
down €2,614 (-5.7%), from €45,820 to €43,206
- Gross operating margin -€2,534
down €2,534 (-12.0%), from €21,172 to €18,638
- Depreciation -€2,270
down €2,270 (-12.3%), from €18,434 to €16,164
- Financial charges -€950
down €950 (-59.6%), from €1,594 to €645
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 | €117,387 | €99,581 | -€17,806 | -15.2% |
| Fixed assets | 21/28 | €112,326 | €96,865 | -€15,461 | -13.8% |
| Tangible fixed assets | 22/27 | €112,237 | €96,776 | -€15,461 | -13.8% |
| Land and buildings | 22 | €85,670 | €80,318 | -€5,352 | -6.2% |
| Plant, machinery and equipment | 23 | €269 | €195 | -€74 | -27.5% |
| Furniture and vehicles | 24 | €26,299 | €16,263 | -€10,035 | -38.2% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €5,061 | €2,716 | -€2,345 | -46.3% |
| Amounts receivable within one year | 40/41 | €2,470 | €549 | -€1,921 | -77.8% |
| Trade receivables | 40 | €771 | €0 | -€771 | -100.0% |
| Other amounts receivable | 41 | €1,699 | €549 | -€1,150 | -67.7% |
| Cash at bank and in hand | 54/58 | €2,411 | €1,391 | -€1,020 | -42.3% |
| Deferred charges and accrued income | 490/1 | €180 | €776 | +€596 | +331% |
| Total equity and liabilities | 10/49 | €117,387 | €99,581 | -€17,806 | -15.2% |
| Equity | 10/15 | €66,271 | €63,657 | -€2,614 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €45,820 | €43,206 | -€2,614 | -5.7% |
| Amounts payable | 17/49 | €51,116 | €35,924 | -€15,192 | -29.7% |
| Amounts payable after more than one year | 17 | €12,357 | €5,710 | -€6,646 | -53.8% |
| Financial debts | 170/4 | €12,357 | €5,710 | -€6,646 | -53.8% |
| Amounts payable within one year | 42/48 | €38,759 | €30,213 | -€8,545 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €6,429 | €6,646 | +€218 | +3.4% |
| Trade debts | 44 | €507 | €0 | -€507 | -100.0% |
| Suppliers | 440/4 | €507 | €0 | -€507 | -100.0% |
| Taxes, remuneration and social security | 45 | €216 | - | -€216 | |
| Taxes | 450/3 | €216 | - | -€216 | |
| Other amounts payable | 47/48 | €31,607 | €23,567 | -€8,040 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,434 | €16,164 | -€2,270 | -12.3% |
| Other operating charges | 640/8 | €3,306 | €3,416 | +€110 | +3.3% |
| Non-recurring operating charges | 66A | - | €567 | +€567 | |
| Gross operating margin | 9900 | €21,172 | €18,638 | -€2,534 | -12.0% |
| Operating profit (loss) | 9901 | -€568 | -€1,510 | -€942 | -166% |
| Financial income | 75/76B | €1 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €1,594 | €645 | -€950 | -59.6% |
| Recurring financial charges | 65 | €1,594 | €645 | -€950 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,162 | -€2,155 | +€8 | +0.3% |
| Income taxes | 67/77 | €454 | €460 | +€6 | +1.3% |
| Profit (loss) for the period | 9904 | -€2,616 | -€2,614 | +€2 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,616 | -€2,614 | +€2 | +0.1% |
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 26 October 2026 via checked.be.