ART MATERIAL TRADE: 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.
What changed
ART MATERIAL TRADE
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,423
2024 · €47,882-€459
Equity
-
not filed
Cash
€20,269
2024 · €35,568-€15,299
Balance sheet total
€1.5m
2024 · €1.6m-€92,852
Largest movements
Assets
- Receivables within one year -€77,311
down €77,311 (-5.9%), from €1.3m to €1.2m
of which Trade receivables: -€78,633
Equity and liabilities
- Trade debts -€125,200
down €125,200 (-45.7%), from €273,761 to €148,561
- Profit (loss) carried forward +€47,423
up €47,423 (+6.6%), from €718,925 to €766,348
Income statement
- Turnover -€33,059
down €33,059 (-1.3%), from €2.5m to €2.4m
- Purchases and services -€31,358
down €31,358 (-1.4%), from €2.3m to €2.3m
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.
Result 2024
€47,882
Gross operating margin
-€3,549
Staff costs
-€2,512
Depreciation
-€1,011
Other operating charges
-€1,803
Financial income
+€1,644
Financial charges
+€5,966
Taxes
+€805
Deferred taxes and other
+€1
Result 2025
€47,423
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€18,131
Investment
-€18,432
Financing
-€15,000
Cash 2024
€35,568
From operations (derived)
+€18,131
Net result for the year
+€47,423
Depreciation
+€14,793
Receivables within one year
+€77,311
Deferred charges and accrued income
+€3,880
Trade debts
-€125,200
Tax, wage and social debts
+€671
Other debts
-€1,776
Accrued charges and deferred income
+€1,029
Investment (derived)
-€18,432
Investment in fixed assets (net)
-€18,432
Financing
-€15,000
Debts after one year
-€15,000
Not broken down
+€2
Cash 2025
€20,269
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,615,395 | €1,522,543 | -€92,852 | -5.7% |
| Fixed assets | 21/28 | €258,390 | €262,029 | +€3,639 | +1.4% |
| Tangible fixed assets | 22/27 | €244,870 | €248,509 | +€3,639 | +1.5% |
| Land and buildings | 22 | €138,075 | €153,506 | +€15,431 | +11.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €106,794 | €95,002 | -€11,792 | -11.0% |
| Financial fixed assets | 28 | €13,520 | €13,520 | = | 0.0% |
| Current assets | 29/58 | €1,357,005 | €1,260,514 | -€96,491 | -7.1% |
| Amounts receivable within one year | 40/41 | €1,311,517 | €1,234,206 | -€77,311 | -5.9% |
| Trade receivables | 40 | €1,311,517 | €1,232,884 | -€78,633 | -6.0% |
| Other amounts receivable | 41 | - | €1,322 | +€1,322 | |
| Cash at bank and in hand | 54/58 | €35,568 | €20,269 | -€15,299 | -43.0% |
| Deferred charges and accrued income | 490/1 | €9,919 | €6,039 | -€3,880 | -39.1% |
| Total equity and liabilities | 10/49 | €1,615,395 | €1,522,543 | -€92,852 | -5.7% |
| Contributions | 10/11 | €380,916 | €380,916 | = | 0.0% |
| Capital | 10 | €380,000 | €380,000 | = | 0.0% |
| Issued capital | 100 | €380,000 | €380,000 | = | 0.0% |
| Contributions outside capital | 11 | €916 | €916 | = | 0.0% |
| Share premium | 1100/10 | €916 | €916 | = | 0.0% |
| Reserves | 13 | €41,172 | €41,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,000 | €38,000 | = | 0.0% |
| Legal reserve | 130 | €38,000 | €38,000 | = | 0.0% |
| Distributable reserves | 133 | €3,172 | €3,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €718,925 | €766,348 | +€47,423 | +6.6% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €474,382 | €334,107 | -€140,275 | -29.6% |
| Amounts payable after more than one year | 17 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Financial debts | 170/4 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Amounts payable within one year | 42/48 | €418,344 | €292,039 | -€126,305 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €273,761 | €148,561 | -€125,200 | -45.7% |
| Suppliers | 440/4 | €273,761 | €148,561 | -€125,200 | -45.7% |
| Taxes, remuneration and social security | 45 | €26,407 | €27,078 | +€671 | +2.5% |
| Taxes | 450/3 | €10,869 | €7,178 | -€3,691 | -34.0% |
| Remuneration and social security | 454/9 | €15,538 | €19,900 | +€4,362 | +28.1% |
| Other amounts payable | 47/48 | €3,176 | €1,400 | -€1,776 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,039 | €2,068 | +€1,029 | +99.0% |
| Turnover | 70 | €2,475,306 | €2,442,247 | -€33,059 | -1.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,295,804 | €2,264,446 | -€31,358 | -1.4% |
| Remuneration, social security and pensions | 62 | €103,743 | €106,255 | +€2,512 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,782 | €14,793 | +€1,011 | +7.3% |
| Other operating charges | 640/8 | €34,368 | €36,171 | +€1,803 | +5.2% |
| Gross operating margin | 9900 | €232,010 | €228,461 | -€3,549 | -1.5% |
| Operating profit (loss) | 9901 | €80,118 | €71,243 | -€8,875 | -11.1% |
| Financial income | 75/76B | €2,963 | €4,607 | +€1,644 | +55.5% |
| Recurring financial income | 75 | €2,963 | €4,607 | +€1,644 | +55.5% |
| Financial charges | 65/66B | €14,300 | €8,334 | -€5,966 | -41.7% |
| Recurring financial charges | 65 | €14,300 | €8,334 | -€5,966 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €68,781 | €67,516 | -€1,265 | -1.8% |
| Income taxes | 67/77 | €20,899 | €20,094 | -€805 | -3.9% |
| Profit (loss) for the period | 9904 | €47,882 | €47,423 | -€459 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,882 | €47,423 | -€459 | -1.0% |
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 23 October 2026 via checked.be.