ART INTER BENELUX: 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 INTER BENELUX
Largest movements
- Receivables within one year -€45,844
down €45,844 (-39.9%), from €114,790 to €68,946
of which Trade receivables: -€40,668
- Profit (loss) carried forward -€27,555
down €27,555, from €18,217 to -€9,338
- Trade debts -€7,560
down €7,560 (-65.0%), from €11,625 to €4,065
- Current portion of long-term debt -€5,109
down €5,109 (-100%), from €5,109 to €0
- Tax, wage and social debts -€3,098
down €3,098 (-20.6%), from €15,026 to €11,928
- Gross operating margin -€20,040
down €20,040 (-64.6%), from €30,999 to €10,960
- Other operating charges +€16,726
up €16,726 (+92.2%), from €18,136 to €34,863
- Financial charges -€1,467
down €1,467 (-62.8%), from €2,338 to €870
- Taxes -€1,102
down €1,102 (-28.2%), from €3,901 to €2,799
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 | €123,333 | €77,899 | -€45,434 | -36.8% |
| Fixed assets | 21/28 | €255 | €127 | -€127 | -50.0% |
| Tangible fixed assets | 22/27 | €255 | €127 | -€127 | -50.0% |
| Furniture and vehicles | 24 | €255 | €127 | -€127 | -50.0% |
| Current assets | 29/58 | €123,079 | €77,772 | -€45,307 | -36.8% |
| Stocks and contracts in progress | 3 | €7,800 | €7,800 | = | 0.0% |
| Stocks | 30/36 | €7,800 | €7,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,790 | €68,946 | -€45,844 | -39.9% |
| Trade receivables | 40 | €105,146 | €64,478 | -€40,668 | -38.7% |
| Other amounts receivable | 41 | €9,644 | €4,468 | -€5,176 | -53.7% |
| Cash at bank and in hand | 54/58 | €150 | €173 | +€24 | +15.8% |
| Deferred charges and accrued income | 490/1 | €339 | €853 | +€514 | +151% |
| Total equity and liabilities | 10/49 | €123,333 | €77,899 | -€45,434 | -36.8% |
| Equity | 10/15 | €85,867 | €58,312 | -€27,555 | -32.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,217 | -€9,338 | -€27,555 | |
| Amounts payable | 17/49 | €37,466 | €19,587 | -€17,879 | -47.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,466 | €19,518 | -€17,949 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €5,109 | €0 | -€5,109 | -100% |
| Financial debts | 43 | €1,365 | €259 | -€1,105 | -81.0% |
| Credit institutions | 430/8 | €1,365 | €259 | -€1,105 | -81.0% |
| Trade debts | 44 | €11,625 | €4,065 | -€7,560 | -65.0% |
| Suppliers | 440/4 | €11,625 | €4,065 | -€7,560 | -65.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,026 | €11,928 | -€3,098 | -20.6% |
| Taxes | 450/3 | €15,026 | €11,928 | -€3,098 | -20.6% |
| Other amounts payable | 47/48 | €4,341 | €3,265 | -€1,076 | -24.8% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Non-recurring operating income | 76A | €4,114 | €0 | -€4,114 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €127 | -€22 | -14.6% |
| Other operating charges | 640/8 | €18,136 | €34,863 | +€16,726 | +92.2% |
| Gross operating margin | 9900 | €30,999 | €10,960 | -€20,040 | -64.6% |
| Operating profit (loss) | 9901 | €12,714 | -€24,030 | -€36,744 | |
| Financial income | 75/76B | €217 | €145 | -€72 | -33.3% |
| Recurring financial income | 75 | €217 | €145 | -€72 | -33.3% |
| Financial charges | 65/66B | €2,338 | €870 | -€1,467 | -62.8% |
| Recurring financial charges | 65 | €2,338 | €870 | -€1,467 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €10,593 | -€24,756 | -€35,349 | |
| Income taxes | 67/77 | €3,901 | €2,799 | -€1,102 | -28.2% |
| Profit (loss) for the period | 9904 | €6,692 | -€27,555 | -€34,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,692 | -€27,555 | -€34,247 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.