art & imagerie: what changed
What changed
art & imagerie
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€80,585
2024 · €68,217+€12,368
Equity
€314,358
2024 · €233,773+€80,585
Cash
€81,558
2024 · €78,146+€3,412
Balance sheet total
€440,984
2024 · €423,908+€17,076
Largest movements
Assets
- Current investments +€31,041
up €31,041 (+19.2%), from €161,967 to €193,008
- Deferred charges and accrued income -€19,714
down €19,714 (-77.9%), from €25,318 to €5,603
Equity and liabilities
- Reserves +€80,000
up €80,000 (+37.8%), from €211,860 to €291,860
of which Distributable reserves: +€81,860
- Other debts -€33,054
down €33,054 (-81.1%), from €40,763 to €7,708
- Debts after one year -€14,722
down €14,722 (-17.0%), from €86,435 to €71,713
- Accrued charges and deferred income -€14,105
no longer reported in 2025 (was €14,105)
Income statement
- Gross operating margin +€29,843
up €29,843 (+26.5%), from €112,799 to €142,642
- Taxes +€12,020
up €12,020 (+52.9%), from €22,711 to €34,730
- Other operating charges +€3,239
up €3,239 (+119%), from €2,723 to €5,962
- Depreciation +€2,543
up €2,543 (+14.2%), from €17,931 to €20,474
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.
Result 2024
€68,217
Gross operating margin
+€29,843
Depreciation
-€2,543
Other operating charges
-€3,239
Financial income
-€143
Financial charges
+€470
Taxes
-€12,020
Result 2025
€80,585
raises the resultlowers the result
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.
From operations
+€69,778
Investment
-€51,969
Financing
-€14,397
Cash 2024
€78,146
From operations (derived)
+€69,778
Net result for the year
+€80,585
Depreciation
+€20,474
Receivables within one year
-€1,883
Deferred charges and accrued income
+€19,714
Trade debts
+€1,034
Tax, wage and social debts
-€2,987
Other debts
-€33,054
Accrued charges and deferred income
-€14,105
Investment (derived)
-€51,969
Investment in fixed assets (net)
-€20,927
Current investments
-€31,041
Financing
-€14,397
Debts after one year
-€14,722
Current portion of long-term debt
+€325
Cash 2025
€81,558
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,908 | €440,984 | +€17,076 | +4.0% |
| Fixed assets | 21/28 | €149,194 | €149,648 | +€454 | +0.3% |
| Tangible fixed assets | 22/27 | €149,194 | €149,648 | +€454 | +0.3% |
| Land and buildings | 22 | €89,044 | €74,827 | -€14,217 | -16.0% |
| Plant, machinery and equipment | 23 | €3,269 | €3,064 | -€206 | -6.3% |
| Furniture and vehicles | 24 | €7,913 | €21,389 | +€13,476 | +170% |
| Other tangible fixed assets | 26 | €48,968 | €50,368 | +€1,400 | +2.9% |
| Current assets | 29/58 | €274,714 | €291,336 | +€16,622 | +6.1% |
| Amounts receivable within one year | 40/41 | €9,284 | €11,167 | +€1,883 | +20.3% |
| Trade receivables | 40 | €9,284 | €11,167 | +€1,883 | +20.3% |
| Current investments | 50/53 | €161,967 | €193,008 | +€31,041 | +19.2% |
| Cash at bank and in hand | 54/58 | €78,146 | €81,558 | +€3,412 | +4.4% |
| Deferred charges and accrued income | 490/1 | €25,318 | €5,603 | -€19,714 | -77.9% |
| Total equity and liabilities | 10/49 | €423,908 | €440,984 | +€17,076 | +4.0% |
| Equity | 10/15 | €233,773 | €314,358 | +€80,585 | +34.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €211,860 | €291,860 | +€80,000 | +37.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €210,000 | €291,860 | +€81,860 | +39.0% |
| Profit (loss) carried forward | 14 | €9,513 | €10,098 | +€585 | +6.1% |
| Amounts payable | 17/49 | €190,134 | €126,625 | -€63,509 | -33.4% |
| Amounts payable after more than one year | 17 | €86,435 | €71,713 | -€14,722 | -17.0% |
| Financial debts | 170/4 | €86,435 | €71,713 | -€14,722 | -17.0% |
| Amounts payable within one year | 42/48 | €89,595 | €54,912 | -€34,682 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €14,390 | €14,715 | +€325 | +2.3% |
| Trade debts | 44 | €2,003 | €3,037 | +€1,034 | +51.6% |
| Suppliers | 440/4 | €2,003 | €3,037 | +€1,034 | +51.6% |
| Taxes, remuneration and social security | 45 | €32,439 | €29,452 | -€2,987 | -9.2% |
| Taxes | 450/3 | €32,439 | €29,452 | -€2,987 | -9.2% |
| Other amounts payable | 47/48 | €40,763 | €7,708 | -€33,054 | -81.1% |
| Accrued charges and deferred income | 492/3 | €14,105 | - | -€14,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,931 | €20,474 | +€2,543 | +14.2% |
| Other operating charges | 640/8 | €2,723 | €5,962 | +€3,239 | +119% |
| Gross operating margin | 9900 | €112,799 | €142,642 | +€29,843 | +26.5% |
| Operating profit (loss) | 9901 | €92,145 | €116,205 | +€24,060 | +26.1% |
| Financial income | 75/76B | €1,453 | €1,310 | -€143 | -9.8% |
| Recurring financial income | 75 | €1,453 | €1,310 | -€143 | -9.8% |
| Financial charges | 65/66B | €2,671 | €2,201 | -€470 | -17.6% |
| Recurring financial charges | 65 | €2,671 | €2,201 | -€470 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €90,927 | €115,315 | +€24,388 | +26.8% |
| Income taxes | 67/77 | €22,711 | €34,730 | +€12,020 | +52.9% |
| Profit (loss) for the period | 9904 | €68,217 | €80,585 | +€12,368 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,217 | €80,585 | +€12,368 | +18.1% |
Next steps
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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 2 November 2026 via checked.be.