ART & GREEN: 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 & GREEN
Largest movements
- Receivables within one year -€139,222
down €139,222 (-38.4%), from €362,810 to €223,588
of which Trade receivables: -€133,018
- Cash +€20,490
up €20,490 (+1,494%), from €1,372 to €21,861
mainly Receivables within one year (+€139,222) and Trade debts (+€4,461)
- Tangible fixed assets +€4,356
up €4,356 (+73.6%), from €5,922 to €10,278
of which Other tangible fixed assets: +€3,261
- Other debts -€84,617
down €84,617 (-28.7%), from €294,393 to €209,776
- Tax, wage and social debts -€18,409
down €18,409 (-95.2%), from €19,330 to €921
- Profit (loss) carried forward -€15,718
down €15,718 (-80.7%), from €19,480 to €3,762
- Trade debts +€4,461
up €4,461 (+12.4%), from €36,049 to €40,510
- Gross operating margin -€16,081
down €16,081, from €4,046 to -€12,034
- Depreciation +€1,067
up €1,067 (+101%), from €1,060 to €2,127
- Other operating charges +€543
up €543 (+72.7%), from €748 to €1,291
- Taxes -€448
down €448 (-88.1%), from €509 to €61
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 | €370,652 | €256,369 | -€114,283 | -30.8% |
| Fixed assets | 21/28 | €5,922 | €10,278 | +€4,356 | +73.6% |
| Tangible fixed assets | 22/27 | €5,922 | €10,278 | +€4,356 | +73.6% |
| Plant, machinery and equipment | 23 | €4,964 | €4,837 | -€127 | -2.6% |
| Furniture and vehicles | 24 | €958 | €2,180 | +€1,221 | +127% |
| Other tangible fixed assets | 26 | - | €3,261 | +€3,261 | |
| Current assets | 29/58 | €364,730 | €246,091 | -€118,639 | -32.5% |
| Amounts receivable within one year | 40/41 | €362,810 | €223,588 | -€139,222 | -38.4% |
| Trade receivables | 40 | €354,208 | €221,190 | -€133,018 | -37.6% |
| Other amounts receivable | 41 | €8,602 | €2,398 | -€6,204 | -72.1% |
| Cash at bank and in hand | 54/58 | €1,372 | €21,861 | +€20,490 | +1,494% |
| Deferred charges and accrued income | 490/1 | €549 | €642 | +€93 | +16.9% |
| Total equity and liabilities | 10/49 | €370,652 | €256,369 | -€114,283 | -30.8% |
| Equity | 10/15 | €20,880 | €5,162 | -€15,718 | -75.3% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,480 | €3,762 | -€15,718 | -80.7% |
| Amounts payable | 17/49 | €349,772 | €251,207 | -€98,565 | -28.2% |
| Amounts payable within one year | 42/48 | €349,772 | €251,207 | -€98,565 | -28.2% |
| Trade debts | 44 | €36,049 | €40,510 | +€4,461 | +12.4% |
| Suppliers | 440/4 | €36,049 | €40,510 | +€4,461 | +12.4% |
| Taxes, remuneration and social security | 45 | €19,330 | €921 | -€18,409 | -95.2% |
| Taxes | 450/3 | €19,330 | €921 | -€18,409 | -95.2% |
| Other amounts payable | 47/48 | €294,393 | €209,776 | -€84,617 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | €2,127 | +€1,067 | +101% |
| Other operating charges | 640/8 | €748 | €1,291 | +€543 | +72.7% |
| Gross operating margin | 9900 | €4,046 | -€12,034 | -€16,081 | |
| Operating profit (loss) | 9901 | €2,239 | -€15,452 | -€17,691 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.5% |
| Financial charges | 65/66B | €191 | €205 | +€14 | +7.3% |
| Recurring financial charges | 65 | €191 | €205 | +€14 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €2,048 | -€15,658 | -€17,706 | |
| Income taxes | 67/77 | €509 | €61 | -€448 | -88.1% |
| Profit (loss) for the period | 9904 | €1,539 | -€15,718 | -€17,257 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,539 | -€15,718 | -€17,257 |
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.