ART & LIGHT: 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 & LIGHT
Largest movements
- Receivables within one year +€155,332
up €155,332 (+166.9%), from €93,046 to €248,378
of which Other amounts receivable: +€225,800
- Cash +€28,381
up €28,381 (+3089.0%), from €919 to €29,299
mainly Trade debts (+€106,954) and Short-term financial debts (+€43,541)
- Trade debts +€106,954
new in 2025: €106,954
- Short-term financial debts +€43,541
new in 2025: €43,541
- Advances received +€38,231
new in 2025: €38,231
- Other debts -€3,860
down €3,860 (-20.7%), from €18,673 to €14,813
- Gross operating margin -€32,378
down €32,378 (-86.1%), from €37,600 to €5,222
- Taxes -€5,581
down €5,581 (-52.7%), from €10,581 to €5,000
- Financial charges -€3,613
no longer reported in 2025 (was €3,613)
- Other operating charges +€1,357
up €1,357 (+77.3%), from €1,754 to €3,111
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 | €101,569 | €285,282 | +€183,713 | +180.9% |
| Fixed assets | 21/28 | €205 | €205 | = | 0.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €101,364 | €285,078 | +€183,713 | +181.2% |
| Stocks and contracts in progress | 3 | €7,400 | €7,400 | = | 0.0% |
| Stocks | 30/36 | €7,400 | €7,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,046 | €248,378 | +€155,332 | +166.9% |
| Trade receivables | 40 | €70,468 | - | -€70,468 | |
| Other amounts receivable | 41 | €22,578 | €248,378 | +€225,800 | +1000.1% |
| Cash at bank and in hand | 54/58 | €919 | €29,299 | +€28,381 | +3089.0% |
| Total equity and liabilities | 10/49 | €101,569 | €285,282 | +€183,713 | +180.9% |
| Equity | 10/15 | €81,991 | €80,962 | -€1,029 | -1.3% |
| Profit (loss) carried forward | 14 | €81,991 | €80,962 | -€1,029 | -1.3% |
| Amounts payable | 17/49 | €19,579 | €204,321 | +€184,742 | +943.6% |
| Amounts payable within one year | 42/48 | €19,579 | €204,321 | +€184,742 | +943.6% |
| Current portion of amounts payable after more than one year | 42 | €906 | €782 | -€123 | -13.6% |
| Financial debts | 43 | - | €43,541 | +€43,541 | |
| Credit institutions | 430/8 | - | €43,541 | +€43,541 | |
| Trade debts | 44 | - | €106,954 | +€106,954 | |
| Suppliers | 440/4 | - | €106,954 | +€106,954 | |
| Advances received on contracts in progress | 46 | - | €38,231 | +€38,231 | |
| Other amounts payable | 47/48 | €18,673 | €14,813 | -€3,860 | -20.7% |
| Other operating charges | 640/8 | €1,754 | €3,111 | +€1,357 | +77.3% |
| Gross operating margin | 9900 | €37,600 | €5,222 | -€32,378 | -86.1% |
| Operating profit (loss) | 9901 | €35,846 | €2,111 | -€33,735 | -94.1% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €3,613 | - | -€3,613 | |
| Recurring financial charges | 65 | €3,613 | - | -€3,613 | |
| Profit (loss) for the period before taxes | 9903 | €32,255 | €2,111 | -€30,144 | -93.5% |
| Income taxes | 67/77 | €10,581 | €5,000 | -€5,581 | -52.7% |
| Profit (loss) for the period | 9904 | €21,674 | -€2,889 | -€24,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,674 | -€2,889 | -€24,563 |
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 9 October 2026 via checked.be.