ART METAL WORKSHOP: 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 METAL WORKSHOP
Largest movements
- Cash +€35,465
up €35,465 (+170%), from €20,824 to €56,289
mainly Trade debts (+€34,548) and Receivables within one year (+€25,268)
- Receivables within one year -€25,268
down €25,268 (-43.8%), from €57,718 to €32,450
of which Trade receivables: -€21,132
- Tangible fixed assets +€6,766
up €6,766 (+27.7%), from €24,462 to €31,228
of which Furniture and vehicles: +€27,685
- Stocks and contracts +€3,066
up €3,066 (+299%), from €1,025 to €4,091
- Trade debts +€34,548
up €34,548 (+581%), from €5,951 to €40,499
- Other debts -€20,938
down €20,938 (-61.6%), from €34,017 to €13,079
- Short-term financial debts +€18,607
up €18,607 (+372%), from €5,000 to €23,607
- Debts after one year -€12,489
no longer reported in 2025 (was €12,489)
- Gross operating margin -€6,020
down €6,020 (-26.0%), from €23,140 to €17,120
- Depreciation +€3,833
up €3,833 (+65.0%), from €5,901 to €9,734
- Taxes +€2,998
new in 2025: €2,998
- Other operating charges +€2,025
up €2,025 (+219%), from €926 to €2,951
- Financial charges +€542
up €542 (+91.2%), from €594 to €1,136
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 | €104,029 | €124,058 | +€20,029 | +19.3% |
| Fixed assets | 21/28 | €24,462 | €31,228 | +€6,766 | +27.7% |
| Tangible fixed assets | 22/27 | €24,462 | €31,228 | +€6,766 | +27.7% |
| Land and buildings | 22 | €4,048 | €3,543 | -€505 | -12.5% |
| Plant, machinery and equipment | 23 | €20,414 | - | -€20,414 | |
| Furniture and vehicles | 24 | - | €27,685 | +€27,685 | |
| Current assets | 29/58 | €79,567 | €92,830 | +€13,263 | +16.7% |
| Stocks and contracts in progress | 3 | €1,025 | €4,091 | +€3,066 | +299% |
| Stocks | 30/36 | €1,025 | €4,091 | +€3,066 | +299% |
| Amounts receivable within one year | 40/41 | €57,718 | €32,450 | -€25,268 | -43.8% |
| Trade receivables | 40 | €51,134 | €30,002 | -€21,132 | -41.3% |
| Other amounts receivable | 41 | €6,584 | €2,448 | -€4,136 | -62.8% |
| Cash at bank and in hand | 54/58 | €20,824 | €56,289 | +€35,465 | +170% |
| Total equity and liabilities | 10/49 | €104,029 | €124,058 | +€20,029 | +19.3% |
| Equity | 10/15 | €46,572 | €46,873 | +€301 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,512 | €28,813 | +€301 | +1.1% |
| Amounts payable | 17/49 | €57,457 | €77,185 | +€19,728 | +34.3% |
| Amounts payable after more than one year | 17 | €12,489 | - | -€12,489 | |
| Financial debts | 170/4 | €12,489 | - | -€12,489 | |
| Amounts payable within one year | 42/48 | €44,968 | €77,185 | +€32,217 | +71.6% |
| Financial debts | 43 | €5,000 | €23,607 | +€18,607 | +372% |
| Credit institutions | 430/8 | €5,000 | €23,607 | +€18,607 | +372% |
| Trade debts | 44 | €5,951 | €40,499 | +€34,548 | +581% |
| Suppliers | 440/4 | €5,951 | €40,499 | +€34,548 | +581% |
| Other amounts payable | 47/48 | €34,017 | €13,079 | -€20,938 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,901 | €9,734 | +€3,833 | +65.0% |
| Other operating charges | 640/8 | €926 | €2,951 | +€2,025 | +219% |
| Gross operating margin | 9900 | €23,140 | €17,120 | -€6,020 | -26.0% |
| Operating profit (loss) | 9901 | €16,313 | €4,435 | -€11,878 | -72.8% |
| Financial charges | 65/66B | €594 | €1,136 | +€542 | +91.2% |
| Recurring financial charges | 65 | €594 | €1,136 | +€542 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €15,719 | €3,299 | -€12,420 | -79.0% |
| Income taxes | 67/77 | - | €2,998 | +€2,998 | |
| Profit (loss) for the period | 9904 | €15,719 | €301 | -€15,418 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,719 | €301 | -€15,418 | -98.1% |
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 28 October 2026 via checked.be.