ART Kitchen: what changed
Two fiscal 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 Kitchen
Largest movements
- Receivables within one year +€152,302
up €152,302 (+30.4%), from €500,748 to €653,050
of which Trade receivables: +€156,708
- Current investments -€109,604
down €109,604 (-84.1%), from €130,385 to €20,780
- Cash +€107,358
up €107,358 (+49.9%), from €215,234 to €322,591
mainly Net result for the year (+€221,481) and Current investments (+€109,604)
- Stocks and contracts -€30,367
down €30,367 (-11.0%), from €274,831 to €244,464
- Advances received +€75,948
up €75,948 (+8.7%), from €872,850 to €948,798
- Other debts +€30,480
up €30,480 (+15.9%), from €191,520 to €222,000
- Tax, wage and social debts +€19,586
up €19,586 (+40.2%), from €48,692 to €68,279
of which Remuneration and social security: +€14,634
- Gross operating margin +€51,596
up €51,596 (+9.2%), from €560,356 to €611,952
- Staff costs +€39,748
up €39,748 (+13.7%), from €289,954 to €329,702
- Other operating charges -€28,479
down €28,479 (-84.1%), from €33,879 to €5,400
- Taxes +€13,037
up €13,037 (+19.5%), from €66,883 to €79,920
- Depreciation -€10,913
down €10,913 (-16.0%), from €68,240 to €57,327
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.
Cash bridge derived
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 | €1,403,869 | €1,514,287 | +€110,419 | +7.9% |
| Fixed assets | 21/28 | €277,044 | €263,191 | -€13,853 | -5.0% |
| Tangible fixed assets | 22/27 | €277,044 | €263,191 | -€13,853 | -5.0% |
| Plant, machinery and equipment | 23 | €5,494 | €3,079 | -€2,415 | -44.0% |
| Furniture and vehicles | 24 | €33,944 | €63,016 | +€29,072 | +85.6% |
| Other tangible fixed assets | 26 | €237,606 | €197,096 | -€40,509 | -17.0% |
| Current assets | 29/58 | €1,126,825 | €1,251,097 | +€124,271 | +11.0% |
| Stocks and contracts in progress | 3 | €274,831 | €244,464 | -€30,367 | -11.0% |
| Stocks | 30/36 | €274,831 | €244,464 | -€30,367 | -11.0% |
| Amounts receivable within one year | 40/41 | €500,748 | €653,050 | +€152,302 | +30.4% |
| Trade receivables | 40 | €496,342 | €653,050 | +€156,708 | +31.6% |
| Other amounts receivable | 41 | €4,406 | - | -€4,406 | |
| Current investments | 50/53 | €130,385 | €20,780 | -€109,604 | -84.1% |
| Cash at bank and in hand | 54/58 | €215,234 | €322,591 | +€107,358 | +49.9% |
| Deferred charges and accrued income | 490/1 | €5,627 | €10,210 | +€4,583 | +81.4% |
| Total equity and liabilities | 10/49 | €1,403,869 | €1,514,287 | +€110,419 | +7.9% |
| Equity | 10/15 | €173,282 | €172,763 | -€519 | -0.3% |
| Contributions | 10/11 | €156,173 | €156,173 | = | 0.0% |
| Capital | 10 | €156,173 | €156,173 | = | 0.0% |
| Issued capital | 100 | €156,173 | €156,173 | = | 0.0% |
| Reserves | 13 | €15,617 | €15,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,617 | €15,617 | = | 0.0% |
| Legal reserve | 130 | €15,617 | €15,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,492 | €973 | -€519 | -34.8% |
| Amounts payable | 17/49 | €1,230,587 | €1,341,524 | +€110,937 | +9.0% |
| Amounts payable after more than one year | 17 | €10,591 | - | -€10,591 | |
| Financial debts | 170/4 | €10,591 | - | -€10,591 | |
| Amounts payable within one year | 42/48 | €1,219,996 | €1,341,524 | +€121,528 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €18,696 | €10,591 | -€8,105 | -43.4% |
| Trade debts | 44 | €88,238 | €91,856 | +€3,618 | +4.1% |
| Suppliers | 440/4 | €88,238 | €91,856 | +€3,618 | +4.1% |
| Advances received on contracts in progress | 46 | €872,850 | €948,798 | +€75,948 | +8.7% |
| Taxes, remuneration and social security | 45 | €48,692 | €68,279 | +€19,586 | +40.2% |
| Taxes | 450/3 | €12,581 | €17,533 | +€4,952 | +39.4% |
| Remuneration and social security | 454/9 | €36,111 | €50,745 | +€14,634 | +40.5% |
| Other amounts payable | 47/48 | €191,520 | €222,000 | +€30,480 | +15.9% |
| Non-recurring operating income | 76A | €4,320 | €16,533 | +€12,213 | +282.7% |
| Remuneration, social security and pensions | 62 | €289,954 | €329,702 | +€39,748 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,240 | €57,327 | -€10,913 | -16.0% |
| Other operating charges | 640/8 | €33,879 | €5,400 | -€28,479 | -84.1% |
| Gross operating margin | 9900 | €560,356 | €611,952 | +€51,596 | +9.2% |
| Operating profit (loss) | 9901 | €168,283 | €219,523 | +€51,240 | +30.4% |
| Financial income | 75/76B | €90,010 | €85,179 | -€4,831 | -5.4% |
| Recurring financial income | 75 | €90,010 | €85,179 | -€4,831 | -5.4% |
| Financial charges | 65/66B | €4,191 | €3,301 | -€891 | -21.2% |
| Recurring financial charges | 65 | €4,191 | €3,220 | -€971 | -23.2% |
| Non-recurring financial charges | 66B | - | €80 | +€80 | |
| Profit (loss) for the period before taxes | 9903 | €254,101 | €301,401 | +€47,300 | +18.6% |
| Income taxes | 67/77 | €66,883 | €79,920 | +€13,037 | +19.5% |
| Profit (loss) for the period | 9904 | €187,219 | €221,481 | +€34,263 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €187,219 | €221,481 | +€34,263 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.