ART EVASION: 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 EVASION
Largest movements
- Cash -€14,109
down €14,109 (-39.0%), from €36,196 to €22,087
mainly Debts after one year (-€14,056) and Investment in fixed assets (net) (-€6,990)
- Receivables within one year +€5,449
up €5,449 (+13.5%), from €40,252 to €45,701
of which Trade receivables: +€6,944
- Stocks and contracts -€3,256
down €3,256 (-9.3%), from €34,867 to €31,611
- Tangible fixed assets -€2,129
down €2,129 (-6.6%), from €32,501 to €30,372
of which Plant, machinery and equipment: -€3,086
- Debts after one year -€14,056
no longer reported in 2025 (was €14,056)
- Other debts +€6,418
new in 2025: €6,418
- Current portion of long-term debt -€2,883
down €2,883 (-17.5%), from €16,488 to €13,605
- Tax, wage and social debts -€2,281
down €2,281 (-8.0%), from €28,499 to €26,218
of which Taxes: -€2,526
- Profit (loss) carried forward -€1,928
down €1,928 (-9.0%), from €21,342 to €19,414
- Turnover -€300,836
down €300,836 (-47.1%), from €638,513 to €337,677
- Purchases and services -€213,809
down €213,809 (-45.0%), from €474,749 to €260,940
- Gross operating margin -€86,964
down €86,964 (-53.1%), from €163,767 to €76,803
- Financial income +€26,460
up €26,460 (+660%), from €4,010 to €30,470
of which Financial income: +€18,137
- Staff costs -€20,007
down €20,007 (-19.7%), from €101,658 to €81,651
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 | €145,859 | €132,491 | -€13,368 | -9.2% |
| Fixed assets | 21/28 | €34,106 | €31,977 | -€2,129 | -6.2% |
| Tangible fixed assets | 22/27 | €32,501 | €30,372 | -€2,129 | -6.6% |
| Plant, machinery and equipment | 23 | €24,801 | €21,715 | -€3,086 | -12.4% |
| Furniture and vehicles | 24 | €7,700 | €8,657 | +€957 | +12.4% |
| Financial fixed assets | 28 | €1,605 | €1,605 | = | 0.0% |
| Current assets | 29/58 | €111,753 | €100,514 | -€11,239 | -10.1% |
| Stocks and contracts in progress | 3 | €34,867 | €31,611 | -€3,256 | -9.3% |
| Stocks | 30/36 | €34,867 | €31,611 | -€3,256 | -9.3% |
| Amounts receivable within one year | 40/41 | €40,252 | €45,701 | +€5,449 | +13.5% |
| Trade receivables | 40 | €38,757 | €45,701 | +€6,944 | +17.9% |
| Other amounts receivable | 41 | €1,495 | - | -€1,495 | |
| Cash at bank and in hand | 54/58 | €36,196 | €22,087 | -€14,109 | -39.0% |
| Deferred charges and accrued income | 490/1 | €438 | €1,115 | +€677 | +155% |
| Total equity and liabilities | 10/49 | €145,859 | €132,491 | -€13,368 | -9.2% |
| Equity | 10/15 | €84,816 | €82,888 | -€1,928 | -2.3% |
| Contributions | 10/11 | €49,540 | €49,540 | = | 0.0% |
| Reserves | 13 | €4,184 | €4,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,184 | €4,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,342 | €19,414 | -€1,928 | -9.0% |
| Investment grants | 15 | €9,750 | €9,750 | = | 0.0% |
| Amounts payable | 17/49 | €61,043 | €49,603 | -€11,440 | -18.7% |
| Amounts payable after more than one year | 17 | €14,056 | - | -€14,056 | |
| Financial debts | 170/4 | €14,056 | - | -€14,056 | |
| Amounts payable within one year | 42/48 | €46,987 | €49,603 | +€2,616 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €16,488 | €13,605 | -€2,883 | -17.5% |
| Trade debts | 44 | €2,000 | €3,362 | +€1,362 | +68.1% |
| Suppliers | 440/4 | €2,000 | €3,362 | +€1,362 | +68.1% |
| Taxes, remuneration and social security | 45 | €28,499 | €26,218 | -€2,281 | -8.0% |
| Taxes | 450/3 | €12,230 | €9,704 | -€2,526 | -20.7% |
| Remuneration and social security | 454/9 | €16,269 | €16,514 | +€245 | +1.5% |
| Other amounts payable | 47/48 | - | €6,418 | +€6,418 | |
| Turnover | 70 | €638,513 | €337,677 | -€300,836 | -47.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €474,749 | €260,940 | -€213,809 | -45.0% |
| Remuneration, social security and pensions | 62 | €101,658 | €81,651 | -€20,007 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,267 | €9,119 | -€2,148 | -19.1% |
| Other operating charges | 640/8 | €19,577 | €16,321 | -€3,256 | -16.6% |
| Gross operating margin | 9900 | €163,767 | €76,803 | -€86,964 | -53.1% |
| Operating profit (loss) | 9901 | €31,265 | -€30,288 | -€61,553 | |
| Financial income | 75/76B | €4,010 | €30,470 | +€26,460 | +660% |
| Recurring financial income | 75 | €4,010 | €22,147 | +€18,137 | +452% |
| Non-recurring financial income | 76B | - | €8,323 | +€8,323 | |
| Financial charges | 65/66B | €682 | €1,039 | +€357 | +52.3% |
| Recurring financial charges | 65 | €682 | €1,039 | +€357 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €34,593 | -€857 | -€35,450 | |
| Income taxes | 67/77 | - | €1,071 | +€1,071 | |
| Profit (loss) for the period | 9904 | €34,593 | -€1,928 | -€36,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,593 | -€1,928 | -€36,521 |
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 27 October 2026 via checked.be.