ART'FOOD: what changed
ART'FOOD
Largest movements
- Tangible fixed assets -€12,859
down €12,859 (-25.3%), from €50,871 to €38,012
of which Furniture and vehicles: -€11,255
- Receivables within one year -€2,957
down €2,957 (-33.0%), from €8,967 to €6,011
of which Other amounts receivable: -€4,761
- Intangible fixed assets -€1,304
down €1,304 (-11.9%), from €10,956 to €9,652
- Profit (loss) carried forward -€26,493
down €26,493 (-24.5%), from -€108,019 to -€134,512
- Debts after one year -€25,652
down €25,652 (-40.7%), from €63,041 to €37,389
- Other debts +€20,209
up €20,209 (+61.3%), from €32,974 to €53,183
- Trade debts +€4,907
up €4,907 (+22.1%), from €22,168 to €27,075
- Tax, wage and social debts +€4,739
up €4,739 (+17.5%), from €27,128 to €31,866
of which Remuneration and social security: +€8,141
- Gross operating margin +€16,556
up €16,556 (+35.2%), from €47,054 to €63,611
- Financial charges -€3,544
down €3,544 (-40.0%), from €8,855 to €5,312
- Staff costs -€2,478
down €2,478 (-3.5%), from €71,325 to €68,846
- Other operating charges +€1,395
up €1,395 (+360%), from €387 to €1,782
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,502 | €63,194 | -€17,307 | -21.5% |
| Fixed assets | 21/28 | €63,872 | €49,709 | -€14,163 | -22.2% |
| Intangible fixed assets | 21 | €10,956 | €9,652 | -€1,304 | -11.9% |
| Tangible fixed assets | 22/27 | €50,871 | €38,012 | -€12,859 | -25.3% |
| Furniture and vehicles | 24 | €38,521 | €27,267 | -€11,255 | -29.2% |
| Other tangible fixed assets | 26 | €12,350 | €10,745 | -€1,605 | -13.0% |
| Financial fixed assets | 28 | €2,045 | €2,045 | = | 0.0% |
| Current assets | 29/58 | €16,630 | €13,486 | -€3,144 | -18.9% |
| Stocks and contracts in progress | 3 | €633 | €633 | = | 0.0% |
| Stocks | 30/36 | €633 | €633 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,967 | €6,011 | -€2,957 | -33.0% |
| Trade receivables | 40 | €4,206 | €6,011 | +€1,804 | +42.9% |
| Other amounts receivable | 41 | €4,761 | - | -€4,761 | |
| Cash at bank and in hand | 54/58 | €1,513 | €1,326 | -€188 | -12.4% |
| Deferred charges and accrued income | 490/1 | €5,516 | €5,516 | = | 0.0% |
| Total equity and liabilities | 10/49 | €80,502 | €63,194 | -€17,307 | -21.5% |
| Equity | 10/15 | -€88,019 | -€114,512 | -€26,493 | -30.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,019 | -€134,512 | -€26,493 | -24.5% |
| Amounts payable | 17/49 | €168,521 | €177,706 | +€9,186 | +5.5% |
| Amounts payable after more than one year | 17 | €63,041 | €37,389 | -€25,652 | -40.7% |
| Financial debts | 170/4 | €63,041 | €37,389 | -€25,652 | -40.7% |
| Amounts payable within one year | 42/48 | €105,480 | €139,776 | +€34,296 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €23,210 | €27,652 | +€4,441 | +19.1% |
| Trade debts | 44 | €22,168 | €27,075 | +€4,907 | +22.1% |
| Suppliers | 440/4 | €22,168 | €27,075 | +€4,907 | +22.1% |
| Taxes, remuneration and social security | 45 | €27,128 | €31,866 | +€4,739 | +17.5% |
| Taxes | 450/3 | €5,453 | €2,051 | -€3,402 | -62.4% |
| Remuneration and social security | 454/9 | €21,675 | €29,816 | +€8,141 | +37.6% |
| Other amounts payable | 47/48 | €32,974 | €53,183 | +€20,209 | +61.3% |
| Accrued charges and deferred income | 492/3 | - | €542 | +€542 | |
| Non-recurring operating income | 76A | - | €1,309 | +€1,309 | |
| Remuneration, social security and pensions | 62 | €71,325 | €68,846 | -€2,478 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,524 | €14,163 | -€360 | -2.5% |
| Other operating charges | 640/8 | €387 | €1,782 | +€1,395 | +360% |
| Gross operating margin | 9900 | €47,054 | €63,611 | +€16,556 | +35.2% |
| Operating profit (loss) | 9901 | -€39,181 | -€21,181 | +€18,000 | +45.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €8,855 | €5,312 | -€3,544 | -40.0% |
| Recurring financial charges | 65 | €8,855 | €5,312 | -€3,544 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€48,035 | -€26,493 | +€21,542 | +44.8% |
| Profit (loss) for the period | 9904 | -€48,035 | -€26,493 | +€21,542 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,035 | -€26,493 | +€21,542 | +44.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.