Art Khan: 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 Khan
Largest movements
- Receivables within one year +€1,857
up €1,857 (+10,878%), from €17 to €1,874
of which Trade receivables: +€1,857
- Tangible fixed assets -€744
no longer reported in 2025 (was €744)
- Cash -€615
down €615 (-15.8%), from €3,893 to €3,278
mainly Other debts (-€2,245) and Receivables within one year (-€1,857)
- Other debts -€2,245
down €2,245 (-17.4%), from €12,922 to €10,677
- Trade debts +€1,653
up €1,653 (+4,977%), from €33 to €1,686
- Profit (loss) carried forward +€922
up €922 (+4.9%), from -€18,767 to -€17,845
- Tax, wage and social debts +€168
up €168 (+36.1%), from €466 to €634
- Gross operating margin +€2,386
up €2,386 (+1,412%), from €169 to €2,555
- Other operating charges +€352
up €352 (+90.9%), from €387 to €739
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 | €4,654 | €5,152 | +€498 | +10.7% |
| Fixed assets | 21/28 | €744 | - | -€744 | |
| Tangible fixed assets | 22/27 | €744 | - | -€744 | |
| Furniture and vehicles | 24 | €744 | - | -€744 | |
| Current assets | 29/58 | €3,910 | €5,152 | +€1,242 | +31.8% |
| Amounts receivable within one year | 40/41 | €17 | €1,874 | +€1,857 | +10,878% |
| Trade receivables | 40 | - | €1,857 | +€1,857 | |
| Other amounts receivable | 41 | €17 | €17 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,893 | €3,278 | -€615 | -15.8% |
| Total equity and liabilities | 10/49 | €4,654 | €5,152 | +€498 | +10.7% |
| Equity | 10/15 | -€8,767 | -€7,845 | +€922 | +10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,767 | -€17,845 | +€922 | +4.9% |
| Amounts payable | 17/49 | €13,421 | €12,997 | -€424 | -3.2% |
| Amounts payable within one year | 42/48 | €13,421 | €12,997 | -€424 | -3.2% |
| Trade debts | 44 | €33 | €1,686 | +€1,653 | +4,977% |
| Suppliers | 440/4 | €33 | €1,686 | +€1,653 | +4,977% |
| Taxes, remuneration and social security | 45 | €466 | €634 | +€168 | +36.1% |
| Taxes | 450/3 | €466 | €634 | +€168 | +36.1% |
| Other amounts payable | 47/48 | €12,922 | €10,677 | -€2,245 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €759 | €744 | -€15 | -2.0% |
| Other operating charges | 640/8 | €387 | €739 | +€352 | +90.9% |
| Gross operating margin | 9900 | €169 | €2,555 | +€2,386 | +1,412% |
| Operating profit (loss) | 9901 | -€977 | €1,072 | +€2,049 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.9% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.9% |
| Financial charges | 65/66B | €143 | €150 | +€7 | +4.8% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,112 | €922 | +€2,034 | |
| Profit (loss) for the period | 9904 | -€1,112 | €922 | +€2,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,112 | €922 | +€2,034 |
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 15 October 2026 via checked.be.