ART - ISTICA: 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 - ISTICA
Largest movements
- Tangible fixed assets -€14,856
down €14,856 (-23.5%), from €63,092 to €48,236
of which Furniture and vehicles: -€15,077
- Cash +€7,008
up €7,008 (+41.6%), from €16,847 to €23,855
mainly Depreciation (+€16,465) and Tax, wage and social debts (+€4,008)
- Debts after one year -€11,916
down €11,916 (-30.7%), from €38,845 to €26,929
- Other debts -€4,375
down €4,375 (-10.0%), from €43,719 to €39,344
- Tax, wage and social debts +€4,008
up €4,008 (+45.8%), from €8,758 to €12,766
of which Taxes: +€3,544
- Trade debts +€2,979
up €2,979 (+661%), from €451 to €3,429
- Profit (loss) carried forward +€2,362
up €2,362 (+12.1%), from -€19,508 to -€17,146
- Gross operating margin +€9,591
up €9,591 (+25.8%), from €37,242 to €46,832
- Staff costs +€4,141
up €4,141 (+24.6%), from €16,809 to €20,949
- Financial charges +€1,648
up €1,648 (+39.4%), from €4,187 to €5,835
- Depreciation +€1,059
up €1,059 (+6.9%), from €15,407 to €16,465
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 | €100,928 | €92,811 | -€8,118 | -8.0% |
| Fixed assets | 21/28 | €68,986 | €53,581 | -€15,405 | -22.3% |
| Intangible fixed assets | 21 | €3,129 | €2,580 | -€549 | -17.5% |
| Tangible fixed assets | 22/27 | €63,092 | €48,236 | -€14,856 | -23.5% |
| Plant, machinery and equipment | 23 | €1,876 | €2,097 | +€221 | +11.8% |
| Furniture and vehicles | 24 | €61,217 | €46,140 | -€15,077 | -24.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,765 | €2,765 | = | 0.0% |
| Current assets | 29/58 | €31,942 | €39,229 | +€7,287 | +22.8% |
| Stocks and contracts in progress | 3 | €14,911 | €14,911 | = | 0.0% |
| Stocks | 30/36 | €14,911 | €14,911 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,847 | €23,855 | +€7,008 | +41.6% |
| Deferred charges and accrued income | 490/1 | €184 | €463 | +€279 | +152% |
| Total equity and liabilities | 10/49 | €100,928 | €92,811 | -€8,118 | -8.0% |
| Equity | 10/15 | -€7,108 | -€4,746 | +€2,362 | +33.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,508 | -€17,146 | +€2,362 | +12.1% |
| Amounts payable | 17/49 | €108,036 | €97,557 | -€10,480 | -9.7% |
| Amounts payable after more than one year | 17 | €38,845 | €26,929 | -€11,916 | -30.7% |
| Financial debts | 170/4 | €38,845 | €26,929 | -€11,916 | -30.7% |
| Amounts payable within one year | 42/48 | €67,232 | €70,454 | +€3,222 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €11,305 | €11,916 | +€611 | +5.4% |
| Financial debts | 43 | €3,000 | €3,000 | = | 0.0% |
| Other loans | 439 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €451 | €3,429 | +€2,979 | +661% |
| Suppliers | 440/4 | €451 | €3,429 | +€2,979 | +661% |
| Taxes, remuneration and social security | 45 | €8,758 | €12,766 | +€4,008 | +45.8% |
| Taxes | 450/3 | €5,302 | €8,846 | +€3,544 | +66.8% |
| Remuneration and social security | 454/9 | €3,456 | €3,920 | +€464 | +13.4% |
| Other amounts payable | 47/48 | €43,719 | €39,344 | -€4,375 | -10.0% |
| Accrued charges and deferred income | 492/3 | €1,959 | €173 | -€1,786 | -91.2% |
| Remuneration, social security and pensions | 62 | €16,809 | €20,949 | +€4,141 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,407 | €16,465 | +€1,059 | +6.9% |
| Other operating charges | 640/8 | €1,296 | €1,146 | -€150 | -11.6% |
| Gross operating margin | 9900 | €37,242 | €46,832 | +€9,591 | +25.8% |
| Operating profit (loss) | 9901 | €3,731 | €8,272 | +€4,541 | +122% |
| Financial income | 75/76B | €236 | €155 | -€81 | -34.2% |
| Recurring financial income | 75 | €236 | €155 | -€81 | -34.2% |
| Financial charges | 65/66B | €4,187 | €5,835 | +€1,648 | +39.4% |
| Recurring financial charges | 65 | €4,187 | €5,835 | +€1,648 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | -€220 | €2,592 | +€2,812 | |
| Income taxes | 67/77 | €240 | €230 | -€10 | -4.0% |
| Profit (loss) for the period | 9904 | -€460 | €2,362 | +€2,822 | |
| Profit (loss) for the period to be appropriated | 9905 | -€460 | €2,362 | +€2,822 |
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 14 October 2026 via checked.be.