ART HAPPENS: 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 HAPPENS
Largest movements
- Current investments +€150,205
new in 2025: €150,205
- Cash -€64,529
down €64,529 (-25.2%), from €255,822 to €191,293
mainly Current investments (-€150,205) and Contributions, distributions and other (-€23,921)
- Receivables after one year -€18,458
down €18,458 (-24.6%), from €75,000 to €56,542
- Reserves +€56,253
up €56,253 (+19.2%), from €293,650 to €349,904
of which Distributable reserves: +€56,253
- Tax, wage and social debts +€16,978
up €16,978 (+96.6%), from €17,582 to €34,560
of which Taxes: +€16,286
- Gross operating margin +€49,848
up €49,848 (+50.1%), from €99,467 to €149,315
- Taxes +€21,707
up €21,707 (+115%), from €18,927 to €40,634
- Financial income +€4,751
up €4,751 (+612%), from €777 to €5,528
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 | €350,394 | €417,969 | +€67,575 | +19.3% |
| Fixed assets | 21/28 | €12,744 | €12,737 | -€7 | -0.1% |
| Intangible fixed assets | 21 | €2,703 | €1,843 | -€860 | -31.8% |
| Tangible fixed assets | 22/27 | €8,614 | €9,466 | +€853 | +9.9% |
| Furniture and vehicles | 24 | €6,996 | €5,164 | -€1,832 | -26.2% |
| Other tangible fixed assets | 26 | €1,618 | €4,303 | +€2,685 | +166% |
| Financial fixed assets | 28 | €1,428 | €1,428 | = | 0.0% |
| Current assets | 29/58 | €337,650 | €405,232 | +€67,582 | +20.0% |
| Amounts receivable after more than one year | 29 | €75,000 | €56,542 | -€18,458 | -24.6% |
| Other amounts receivable | 291 | €75,000 | €56,542 | -€18,458 | -24.6% |
| Amounts receivable within one year | 40/41 | €5,283 | €6,807 | +€1,525 | +28.9% |
| Trade receivables | 40 | €4,409 | €2,455 | -€1,954 | -44.3% |
| Other amounts receivable | 41 | €874 | €4,352 | +€3,478 | +398% |
| Current investments | 50/53 | - | €150,205 | +€150,205 | |
| Cash at bank and in hand | 54/58 | €255,822 | €191,293 | -€64,529 | -25.2% |
| Deferred charges and accrued income | 490/1 | €1,546 | €385 | -€1,160 | -75.1% |
| Total equity and liabilities | 10/49 | €350,394 | €417,969 | +€67,575 | +19.3% |
| Equity | 10/15 | €312,250 | €368,504 | +€56,253 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,650 | €349,904 | +€56,253 | +19.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €293,650 | €349,904 | +€56,253 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,144 | €49,465 | +€11,322 | +29.7% |
| Amounts payable within one year | 42/48 | €37,756 | €49,065 | +€11,309 | +30.0% |
| Trade debts | 44 | €5,815 | €2,011 | -€3,804 | -65.4% |
| Suppliers | 440/4 | €5,815 | €2,011 | -€3,804 | -65.4% |
| Taxes, remuneration and social security | 45 | €17,582 | €34,560 | +€16,978 | +96.6% |
| Taxes | 450/3 | €7,238 | €23,524 | +€16,286 | +225% |
| Remuneration and social security | 454/9 | €10,344 | €11,035 | +€692 | +6.7% |
| Other amounts payable | 47/48 | €14,359 | €12,495 | -€1,864 | -13.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €29,980 | €29,679 | -€302 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,799 | €3,495 | +€696 | +24.9% |
| Other operating charges | 640/8 | €728 | €725 | -€2 | -0.3% |
| Gross operating margin | 9900 | €99,467 | €149,315 | +€49,848 | +50.1% |
| Operating profit (loss) | 9901 | €65,959 | €115,416 | +€49,457 | +75.0% |
| Financial income | 75/76B | €777 | €5,528 | +€4,751 | +612% |
| Recurring financial income | 75 | €777 | €5,528 | +€4,751 | +612% |
| Financial charges | 65/66B | €293 | €135 | -€157 | -53.8% |
| Recurring financial charges | 65 | €293 | €135 | -€157 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €66,444 | €120,809 | +€54,365 | +81.8% |
| Income taxes | 67/77 | €18,927 | €40,634 | +€21,707 | +115% |
| Profit (loss) for the period | 9904 | €47,516 | €80,174 | +€32,658 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,516 | €80,174 | +€32,658 | +68.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.