ART INFIRMIER: 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 INFIRMIER
Largest movements
- Tangible fixed assets +€189,112
up €189,112 (+1,673%), from €11,301 to €200,413
of which Land and buildings: +€188,077
- Cash -€55,669
down €55,669 (-93.4%), from €59,588 to €3,920
mainly Investment in fixed assets (net) (-€219,428) and Receivables within one year (-€9,414)
- Receivables within one year +€9,414
up €9,414 (+13,698%), from €69 to €9,483
of which Other amounts receivable: +€7,159
- Deferred charges and accrued income +€5,554
up €5,554 (+106%), from €5,249 to €10,803
- Debts after one year +€156,650
new in 2025: €156,650
- Current portion of long-term debt +€8,350
new in 2025: €8,350
- Profit (loss) carried forward -€8,282
new in 2025: -€8,282
- Tax, wage and social debts -€7,891
down €7,891 (-97.8%), from €8,067 to €176
- Gross operating margin -€81,681
down €81,681 (-78.0%), from €104,776 to €23,095
- Taxes -€27,891
down €27,891 (-99.4%), from €28,067 to €176
- Depreciation +€17,795
up €17,795 (+142%), from €12,521 to €30,316
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 | €76,207 | €224,619 | +€148,412 | +195% |
| Fixed assets | 21/28 | €11,301 | €200,413 | +€189,112 | +1,673% |
| Tangible fixed assets | 22/27 | €11,301 | €200,413 | +€189,112 | +1,673% |
| Land and buildings | 22 | - | €188,077 | +€188,077 | |
| Plant, machinery and equipment | 23 | - | €708 | +€708 | |
| Furniture and vehicles | 24 | €11,301 | €11,628 | +€328 | +2.9% |
| Current assets | 29/58 | €64,906 | €24,206 | -€40,701 | -62.7% |
| Amounts receivable within one year | 40/41 | €69 | €9,483 | +€9,414 | +13,698% |
| Trade receivables | 40 | - | €2,256 | +€2,256 | |
| Other amounts receivable | 41 | €69 | €7,228 | +€7,159 | +10,416% |
| Cash at bank and in hand | 54/58 | €59,588 | €3,920 | -€55,669 | -93.4% |
| Deferred charges and accrued income | 490/1 | €5,249 | €10,803 | +€5,554 | +106% |
| Total equity and liabilities | 10/49 | €76,207 | €224,619 | +€148,412 | +195% |
| Equity | 10/15 | €67,189 | €58,907 | -€8,282 | -12.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €64,189 | €64,189 | = | 0.0% |
| Distributable reserves | 133 | €64,189 | €64,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,282 | -€8,282 | |
| Amounts payable | 17/49 | €9,018 | €165,712 | +€156,694 | +1,738% |
| Amounts payable after more than one year | 17 | - | €156,650 | +€156,650 | |
| Financial debts | 170/4 | - | €156,650 | +€156,650 | |
| Amounts payable within one year | 42/48 | €9,018 | €9,062 | +€44 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,350 | +€8,350 | |
| Trade debts | 44 | €951 | €536 | -€414 | -43.6% |
| Suppliers | 440/4 | €951 | €536 | -€414 | -43.6% |
| Taxes, remuneration and social security | 45 | €8,067 | €176 | -€7,891 | -97.8% |
| Taxes | 450/3 | €8,067 | €176 | -€7,891 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,521 | €30,316 | +€17,795 | +142% |
| Other operating charges | 640/8 | - | €1,021 | +€1,021 | |
| Gross operating margin | 9900 | €104,776 | €23,095 | -€81,681 | -78.0% |
| Operating profit (loss) | 9901 | €92,255 | -€8,242 | -€100,496 | |
| Financial income | 75/76B | €8 | €221 | +€213 | +2,630% |
| Recurring financial income | 75 | €8 | €221 | +€213 | +2,630% |
| Financial charges | 65/66B | €6 | €86 | +€80 | +1,246% |
| Recurring financial charges | 65 | €2 | €86 | +€84 | +4,641% |
| Non-recurring financial charges | 66B | €5 | - | -€5 | |
| Profit (loss) for the period before taxes | 9903 | €92,256 | -€8,107 | -€100,363 | |
| Income taxes | 67/77 | €28,067 | €176 | -€27,891 | -99.4% |
| Profit (loss) for the period | 9904 | €64,189 | -€8,282 | -€72,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,189 | -€8,282 | -€72,472 |
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 18 October 2026 via checked.be.