ART & LAW: 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 & LAW
Largest movements
- Cash -€36
down €36 (-39.8%), from €89 to €54
mainly Other debts (-€15,035)
- Other debts -€15,035
down €15,035 (-19.1%), from €78,529 to €63,494
- Profit (loss) carried forward +€14,999
up €14,999 (+15.5%), from -€96,839 to -€81,840
- Gross operating margin -€1,156
down €1,156 (-6.5%), from €17,855 to €16,698
- Financial charges -€522
down €522 (-28.7%), from €1,822 to €1,299
- Other operating charges +€400
new in 2025: €400
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 | €89 | €54 | -€36 | -39.8% |
| Current assets | 29/58 | €89 | €54 | -€36 | -39.8% |
| Cash at bank and in hand | 54/58 | €89 | €54 | -€36 | -39.8% |
| Total equity and liabilities | 10/49 | €89 | €54 | -€36 | -39.8% |
| Equity | 10/15 | -€78,439 | -€63,440 | +€14,999 | +19.1% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,839 | -€81,840 | +€14,999 | +15.5% |
| Amounts payable | 17/49 | €78,529 | €63,494 | -€15,035 | -19.1% |
| Amounts payable within one year | 42/48 | €78,529 | €63,494 | -€15,035 | -19.1% |
| Other amounts payable | 47/48 | €78,529 | €63,494 | -€15,035 | -19.1% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €17,855 | €16,698 | -€1,156 | -6.5% |
| Operating profit (loss) | 9901 | €17,855 | €16,299 | -€1,556 | -8.7% |
| Financial charges | 65/66B | €1,822 | €1,299 | -€522 | -28.7% |
| Recurring financial charges | 65 | €1,822 | €1,299 | -€522 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €16,033 | €14,999 | -€1,034 | -6.4% |
| Profit (loss) for the period | 9904 | €16,033 | €14,999 | -€1,034 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,033 | €14,999 | -€1,034 | -6.4% |
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 26 October 2026 via checked.be.