ART FINDER: 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 FINDER
Largest movements
- Receivables within one year -€7,081
down €7,081 (-58.9%), from €12,025 to €4,943
of which Trade receivables: -€9,400
- Cash -€6,369
down €6,369 (-92.7%), from €6,867 to €499
mainly Net result for the year (-€27,062)
- Tangible fixed assets -€1,178
down €1,178 (-20.9%), from €5,638 to €4,460
of which Land and buildings: -€800
- Profit (loss) carried forward -€27,062
down €27,062 (-56.0%), from -€48,331 to -€75,394
- Other debts +€6,599
up €6,599 (+5.9%), from €112,271 to €118,870
- Trade debts +€5,836
up €5,836 (+4,512%), from €129 to €5,965
- Gross operating margin -€4,985
down €4,985 (-25.3%), from -€19,708 to -€24,693
- Financial income -€351
no longer reported in 2025 (was €351)
- Financial charges +€260
up €260 (+112%), from €232 to €493
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 | €77,538 | €62,910 | -€14,628 | -18.9% |
| Fixed assets | 21/28 | €5,638 | €4,460 | -€1,178 | -20.9% |
| Tangible fixed assets | 22/27 | €5,638 | €4,460 | -€1,178 | -20.9% |
| Land and buildings | 22 | €5,260 | €4,460 | -€800 | -15.2% |
| Furniture and vehicles | 24 | €378 | €0 | -€378 | -100% |
| Current assets | 29/58 | €71,900 | €58,450 | -€13,450 | -18.7% |
| Stocks and contracts in progress | 3 | €53,008 | €53,008 | = | 0.0% |
| Stocks | 30/36 | €53,008 | €53,008 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,025 | €4,943 | -€7,081 | -58.9% |
| Trade receivables | 40 | €9,400 | - | -€9,400 | |
| Other amounts receivable | 41 | €2,625 | €4,943 | +€2,319 | +88.3% |
| Cash at bank and in hand | 54/58 | €6,867 | €499 | -€6,369 | -92.7% |
| Total equity and liabilities | 10/49 | €77,538 | €62,910 | -€14,628 | -18.9% |
| Equity | 10/15 | -€34,863 | -€61,925 | -€27,062 | -77.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,069 | €1,069 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,069 | €1,069 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,069 | €1,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,331 | -€75,394 | -€27,062 | -56.0% |
| Amounts payable | 17/49 | €112,401 | €124,835 | +€12,434 | +11.1% |
| Amounts payable within one year | 42/48 | €112,401 | €124,835 | +€12,434 | +11.1% |
| Trade debts | 44 | €129 | €5,965 | +€5,836 | +4,512% |
| Suppliers | 440/4 | €129 | €5,965 | +€5,836 | +4,512% |
| Other amounts payable | 47/48 | €112,271 | €118,870 | +€6,599 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,249 | €1,178 | -€71 | -5.7% |
| Other operating charges | 640/8 | €759 | €699 | -€60 | -7.9% |
| Gross operating margin | 9900 | -€19,708 | -€24,693 | -€4,985 | -25.3% |
| Operating profit (loss) | 9901 | -€21,716 | -€26,570 | -€4,854 | -22.4% |
| Financial income | 75/76B | €351 | - | -€351 | |
| Recurring financial income | 75 | €351 | - | -€351 | |
| Financial charges | 65/66B | €232 | €493 | +€260 | +112% |
| Recurring financial charges | 65 | €232 | €493 | +€260 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€21,597 | -€27,062 | -€5,466 | -25.3% |
| Profit (loss) for the period | 9904 | -€21,597 | -€27,062 | -€5,466 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,597 | -€27,062 | -€5,466 | -25.3% |
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 19 October 2026 via checked.be.