ART & FINITION: 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 & FINITION
Largest movements
- Tangible fixed assets -€10,159
down €10,159 (-34.3%), from €29,606 to €19,447
of which Furniture and vehicles: -€8,661
- Deferred charges and accrued income -€1,772
down €1,772 (-68.3%), from €2,592 to €820
- Stocks and contracts -€1,229
down €1,229 (-4.0%), from €30,653 to €29,424
- Other debts -€10,362
no longer reported in 2025 (was €10,362)
- Debts after one year -€6,606
down €6,606 (-9.2%), from €71,644 to €65,038
of which Financial debts: -€6,606
- Profit (loss) carried forward +€2,614
up €2,614 (+3.9%), from -€66,740 to -€64,126
- Trade debts -€1,805
down €1,805 (-10.4%), from €17,352 to €15,547
- Short-term financial debts +€1,646
up €1,646 (+10.1%), from €16,234 to €17,880
- Gross operating margin +€3,307
up €3,307 (+22.3%), from €14,798 to €18,105
- Depreciation +€820
up €820 (+8.8%), from €9,339 to €10,159
- Other operating charges +€230
up €230 (+31.9%), from €721 to €951
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,555 | €61,984 | -€13,571 | -18.0% |
| Fixed assets | 21/28 | €30,221 | €20,062 | -€10,159 | -33.6% |
| Tangible fixed assets | 22/27 | €29,606 | €19,447 | -€10,159 | -34.3% |
| Plant, machinery and equipment | 23 | €1,042 | €664 | -€377 | -36.2% |
| Furniture and vehicles | 24 | €23,808 | €15,147 | -€8,661 | -36.4% |
| Other tangible fixed assets | 26 | €4,755 | €3,635 | -€1,120 | -23.6% |
| Financial fixed assets | 28 | €615 | €615 | = | 0.0% |
| Current assets | 29/58 | €45,335 | €41,922 | -€3,413 | -7.5% |
| Stocks and contracts in progress | 3 | €30,653 | €29,424 | -€1,229 | -4.0% |
| Stocks | 30/36 | €30,653 | €29,424 | -€1,229 | -4.0% |
| Amounts receivable within one year | 40/41 | €12,090 | €11,678 | -€412 | -3.4% |
| Trade receivables | 40 | €9,730 | €671 | -€9,059 | -93.1% |
| Other amounts receivable | 41 | €2,360 | €11,007 | +€8,647 | +366% |
| Deferred charges and accrued income | 490/1 | €2,592 | €820 | -€1,772 | -68.3% |
| Total equity and liabilities | 10/49 | €75,555 | €61,984 | -€13,571 | -18.0% |
| Equity | 10/15 | -€48,140 | -€45,526 | +€2,614 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,740 | -€64,126 | +€2,614 | +3.9% |
| Amounts payable | 17/49 | €123,695 | €107,510 | -€16,185 | -13.1% |
| Amounts payable after more than one year | 17 | €71,644 | €65,038 | -€6,606 | -9.2% |
| Financial debts | 170/4 | €42,731 | €36,125 | -€6,606 | -15.5% |
| Trade debts | 175 | €28,913 | €28,913 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,051 | €42,472 | -€9,579 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €6,045 | €6,606 | +€561 | +9.3% |
| Financial debts | 43 | €16,234 | €17,880 | +€1,646 | +10.1% |
| Credit institutions | 430/8 | €16,234 | €17,880 | +€1,646 | +10.1% |
| Trade debts | 44 | €17,352 | €15,547 | -€1,805 | -10.4% |
| Suppliers | 440/4 | €17,352 | €15,547 | -€1,805 | -10.4% |
| Taxes, remuneration and social security | 45 | €2,058 | €2,439 | +€381 | +18.5% |
| Taxes | 450/3 | €370 | €743 | +€373 | +101% |
| Remuneration and social security | 454/9 | €1,688 | €1,695 | +€8 | +0.4% |
| Other amounts payable | 47/48 | €10,362 | - | -€10,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,339 | €10,159 | +€820 | +8.8% |
| Other operating charges | 640/8 | €721 | €951 | +€230 | +31.9% |
| Gross operating margin | 9900 | €14,798 | €18,105 | +€3,307 | +22.3% |
| Operating profit (loss) | 9901 | €4,738 | €6,995 | +€2,257 | +47.6% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €4,513 | €4,481 | -€33 | -0.7% |
| Recurring financial charges | 65 | €4,513 | €4,481 | -€33 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €225 | €2,614 | +€2,389 | +1,062% |
| Profit (loss) for the period | 9904 | €225 | €2,614 | +€2,389 | +1,062% |
| Profit (loss) for the period to be appropriated | 9905 | €225 | €2,614 | +€2,389 | +1,062% |
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.