ART’FINITÉS: 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’FINITÉS
Largest movements
- Receivables within one year +€44,000
up €44,000 (+601%), from €7,326 to €51,326
of which Other amounts receivable: +€28,550
- Deferred charges and accrued income +€18,400
new in 2025: €18,400
- Tangible fixed assets -€13,256
down €13,256 (-56.0%), from €23,688 to €10,432
- Cash -€4,211
down €4,211 (-45.2%), from €9,307 to €5,096
mainly Receivables within one year (-€44,000) and Deferred charges and accrued income (-€18,400)
- Profit (loss) carried forward +€24,692
up €24,692 (+89.8%), from €27,482 to €52,174
- Trade debts +€22,333
up €22,333 (+2,468%), from €905 to €23,238
- Tax, wage and social debts -€2,091
down €2,091 (-17.8%), from €11,729 to €9,637
- Gross operating margin -€11,121
down €11,121 (-18.1%), from €61,440 to €50,319
- Depreciation -€6,066
down €6,066 (-28.4%), from €21,352 to €15,286
- Taxes -€2,170
down €2,170 (-19.6%), from €11,079 to €8,909
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 | €42,116 | €87,050 | +€44,934 | +107% |
| Fixed assets | 21/28 | €23,688 | €10,432 | -€13,256 | -56.0% |
| Tangible fixed assets | 22/27 | €23,688 | €10,432 | -€13,256 | -56.0% |
| Furniture and vehicles | 24 | €23,688 | €10,432 | -€13,256 | -56.0% |
| Current assets | 29/58 | €18,428 | €76,618 | +€58,190 | +316% |
| Stocks and contracts in progress | 3 | €1,795 | €1,795 | = | 0.0% |
| Stocks | 30/36 | €1,795 | €1,795 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,326 | €51,326 | +€44,000 | +601% |
| Trade receivables | 40 | €4,500 | €19,951 | +€15,451 | +343% |
| Other amounts receivable | 41 | €2,826 | €31,376 | +€28,550 | +1,010% |
| Cash at bank and in hand | 54/58 | €9,307 | €5,096 | -€4,211 | -45.2% |
| Deferred charges and accrued income | 490/1 | - | €18,400 | +€18,400 | |
| Total equity and liabilities | 10/49 | €42,116 | €87,050 | +€44,934 | +107% |
| Equity | 10/15 | €29,482 | €54,174 | +€24,692 | +83.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,482 | €52,174 | +€24,692 | +89.8% |
| Amounts payable | 17/49 | €12,634 | €32,876 | +€20,242 | +160% |
| Amounts payable within one year | 42/48 | €12,634 | €32,876 | +€20,242 | +160% |
| Trade debts | 44 | €905 | €23,238 | +€22,333 | +2,468% |
| Suppliers | 440/4 | €905 | €23,238 | +€22,333 | +2,468% |
| Taxes, remuneration and social security | 45 | €11,729 | €9,637 | -€2,091 | -17.8% |
| Taxes | 450/3 | €11,729 | €9,637 | -€2,091 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,352 | €15,286 | -€6,066 | -28.4% |
| Other operating charges | 640/8 | €1,360 | €1,214 | -€146 | -10.8% |
| Gross operating margin | 9900 | €61,440 | €50,319 | -€11,121 | -18.1% |
| Operating profit (loss) | 9901 | €38,728 | €33,820 | -€4,908 | -12.7% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100% |
| Financial charges | 65/66B | €190 | €219 | +€30 | +15.6% |
| Recurring financial charges | 65 | €190 | €219 | +€30 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €38,561 | €33,600 | -€4,961 | -12.9% |
| Income taxes | 67/77 | €11,079 | €8,909 | -€2,170 | -19.6% |
| Profit (loss) for the period | 9904 | €27,482 | €24,692 | -€2,790 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,482 | €24,692 | -€2,790 | -10.2% |
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.