ART MATURE: 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 MATURE
Largest movements
- Receivables within one year -€29,878
down €29,878 (-59.7%), from €50,049 to €20,171
of which Trade receivables: -€29,314
- Cash +€12,050
up €12,050 (+166%), from €7,256 to €19,306
mainly Receivables within one year (+€29,878) and Depreciation (+€11,421)
- Tangible fixed assets -€5,401
down €5,401 (-2.9%), from €189,454 to €184,053
of which Land and buildings: -€4,470
- Trade debts -€18,007
down €18,007 (-74.7%), from €24,096 to €6,089
- Debts after one year -€13,875
down €13,875 (-10.6%), from €130,706 to €116,831
of which Financial debts: -€10,927
- Other debts +€7,390
up €7,390 (+123%), from €6,017 to €13,406
- Tax, wage and social debts +€4,354
up €4,354 (+347%), from €1,255 to €5,608
- Gross operating margin -€19,631
down €19,631 (-56.8%), from €34,562 to €14,931
- Taxes -€4,404
down €4,404 (-83.8%), from €5,255 to €851
- Depreciation -€3,644
down €3,644 (-24.2%), from €15,064 to €11,421
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 | €250,875 | €228,304 | -€22,571 | -9.0% |
| Fixed assets | 21/28 | €189,454 | €184,053 | -€5,401 | -2.9% |
| Tangible fixed assets | 22/27 | €189,454 | €184,053 | -€5,401 | -2.9% |
| Land and buildings | 22 | €177,332 | €172,863 | -€4,470 | -2.5% |
| Plant, machinery and equipment | 23 | €121 | €542 | +€421 | +348% |
| Furniture and vehicles | 24 | €11,389 | €8,965 | -€2,424 | -21.3% |
| Other tangible fixed assets | 26 | €611 | €1,683 | +€1,071 | +175% |
| Current assets | 29/58 | €61,421 | €44,251 | -€17,170 | -28.0% |
| Amounts receivable within one year | 40/41 | €50,049 | €20,171 | -€29,878 | -59.7% |
| Trade receivables | 40 | €48,335 | €19,022 | -€29,314 | -60.6% |
| Other amounts receivable | 41 | €1,714 | €1,149 | -€565 | -33.0% |
| Cash at bank and in hand | 54/58 | €7,256 | €19,306 | +€12,050 | +166% |
| Deferred charges and accrued income | 490/1 | €4,116 | €4,775 | +€659 | +16.0% |
| Total equity and liabilities | 10/49 | €250,875 | €228,304 | -€22,571 | -9.0% |
| Equity | 10/15 | €72,255 | €71,300 | -€955 | -1.3% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €45,015 | €45,015 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €38,315 | €38,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,040 | €18,085 | -€955 | -5.0% |
| Amounts payable | 17/49 | €178,621 | €157,004 | -€21,617 | -12.1% |
| Amounts payable after more than one year | 17 | €130,706 | €116,831 | -€13,875 | -10.6% |
| Financial debts | 170/4 | €125,900 | €114,973 | -€10,927 | -8.7% |
| Other amounts payable | 178/9 | €4,806 | €1,858 | -€2,948 | -61.3% |
| Amounts payable within one year | 42/48 | €47,914 | €40,173 | -€7,742 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €16,546 | €15,069 | -€1,477 | -8.9% |
| Trade debts | 44 | €24,096 | €6,089 | -€18,007 | -74.7% |
| Suppliers | 440/4 | €24,096 | €6,089 | -€18,007 | -74.7% |
| Taxes, remuneration and social security | 45 | €1,255 | €5,608 | +€4,354 | +347% |
| Taxes | 450/3 | €1,255 | €5,608 | +€4,354 | +347% |
| Other amounts payable | 47/48 | €6,017 | €13,406 | +€7,390 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,064 | €11,421 | -€3,644 | -24.2% |
| Other operating charges | 640/8 | €1,307 | €1,461 | +€154 | +11.8% |
| Non-recurring operating charges | 66A | €431 | - | -€431 | |
| Gross operating margin | 9900 | €34,562 | €14,931 | -€19,631 | -56.8% |
| Operating profit (loss) | 9901 | €17,759 | €2,049 | -€15,710 | -88.5% |
| Financial income | 75/76B | €100 | €29 | -€71 | -70.8% |
| Recurring financial income | 75 | €100 | €29 | -€71 | -70.8% |
| Financial charges | 65/66B | €2,503 | €2,182 | -€322 | -12.9% |
| Recurring financial charges | 65 | €2,503 | €2,182 | -€322 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €15,355 | -€104 | -€15,459 | |
| Income taxes | 67/77 | €5,255 | €851 | -€4,404 | -83.8% |
| Profit (loss) for the period | 9904 | €10,101 | -€955 | -€11,055 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,101 | -€955 | -€11,055 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.