ART MANAGEMENT SYSTEMS: 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 MANAGEMENT SYSTEMS
Largest movements
- Cash +€20,651
up €20,651 (+170%), from €12,182 to €32,833
mainly Net result for the year (+€24,713) and Deferred charges and accrued income (+€4,143)
- Tangible fixed assets +€5,227
up €5,227 (+146%), from €3,574 to €8,800
- Deferred charges and accrued income -€4,143
down €4,143 (-82.4%), from €5,025 to €883
- Receivables within one year +€3,242
up €3,242 (+11.9%), from €27,320 to €30,562
of which Trade receivables: +€1,933
- Profit (loss) carried forward +€24,713
up €24,713 (+205%), from €12,075 to €36,788
- Trade debts -€3,675
down €3,675 (-80.7%), from €4,556 to €881
- Debts after one year +€2,724
up €2,724 (+21.8%), from €12,500 to €15,224
- Current portion of long-term debt +€1,969
new in 2025: €1,969
- Tax, wage and social debts -€1,657
down €1,657 (-19.8%), from €8,347 to €6,691
- Gross operating margin -€16,324
down €16,324 (-31.7%), from €51,487 to €35,162
- Depreciation +€1,259
up €1,259 (+133%), from €946 to €2,205
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 | €48,101 | €73,078 | +€24,977 | +51.9% |
| Fixed assets | 21/28 | €3,574 | €8,800 | +€5,227 | +146% |
| Tangible fixed assets | 22/27 | €3,574 | €8,800 | +€5,227 | +146% |
| Furniture and vehicles | 24 | €3,574 | €8,800 | +€5,227 | +146% |
| Current assets | 29/58 | €44,527 | €64,277 | +€19,750 | +44.4% |
| Amounts receivable within one year | 40/41 | €27,320 | €30,562 | +€3,242 | +11.9% |
| Trade receivables | 40 | €21,870 | €23,803 | +€1,933 | +8.8% |
| Other amounts receivable | 41 | €5,450 | €6,759 | +€1,309 | +24.0% |
| Cash at bank and in hand | 54/58 | €12,182 | €32,833 | +€20,651 | +170% |
| Deferred charges and accrued income | 490/1 | €5,025 | €883 | -€4,143 | -82.4% |
| Total equity and liabilities | 10/49 | €48,101 | €73,078 | +€24,977 | +51.9% |
| Equity | 10/15 | €13,075 | €37,788 | +€24,713 | +189% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,075 | €36,788 | +€24,713 | +205% |
| Amounts payable | 17/49 | €35,026 | €35,290 | +€264 | +0.8% |
| Amounts payable after more than one year | 17 | €12,500 | €15,224 | +€2,724 | +21.8% |
| Financial debts | 170/4 | €12,500 | €15,224 | +€2,724 | +21.8% |
| Amounts payable within one year | 42/48 | €22,526 | €19,900 | -€2,626 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | - | €1,969 | +€1,969 | |
| Trade debts | 44 | €4,556 | €881 | -€3,675 | -80.7% |
| Suppliers | 440/4 | €4,556 | €881 | -€3,675 | -80.7% |
| Taxes, remuneration and social security | 45 | €8,347 | €6,691 | -€1,657 | -19.8% |
| Taxes | 450/3 | €8,347 | €6,691 | -€1,657 | -19.8% |
| Other amounts payable | 47/48 | €9,623 | €10,359 | +€736 | +7.7% |
| Accrued charges and deferred income | 492/3 | - | €166 | +€166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €946 | €2,205 | +€1,259 | +133% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,164 | €1,061 | -€103 | -8.8% |
| Gross operating margin | 9900 | €51,487 | €35,162 | -€16,324 | -31.7% |
| Operating profit (loss) | 9901 | €49,377 | €31,897 | -€17,480 | -35.4% |
| Financial income | 75/76B | €16 | €1 | -€15 | -94.0% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -94.0% |
| Financial charges | 65/66B | €453 | €538 | +€85 | +18.8% |
| Recurring financial charges | 65 | €453 | €538 | +€85 | +18.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €48,940 | €31,360 | -€17,580 | -35.9% |
| Income taxes | 67/77 | €6,768 | €6,646 | -€122 | -1.8% |
| Profit (loss) for the period | 9904 | €42,172 | €24,713 | -€17,458 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,172 | €24,713 | -€17,458 | -41.4% |
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.