ART'N WINDOW: 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'N WINDOW
Largest movements
- Cash +€51,166
up €51,166 (+137%), from €37,368 to €88,535
mainly Net result for the year (+€31,814) and Receivables within one year (+€17,645)
- Receivables within one year -€17,645
down €17,645 (-13.9%), from €126,889 to €109,244
of which Trade receivables: -€16,568
- Tangible fixed assets -€5,211
down €5,211 (-22.7%), from €22,916 to €17,705
of which Land and buildings: -€3,832
- Deferred charges and accrued income -€4,735
down €4,735 (-25.4%), from €18,670 to €13,935
- Reserves +€31,814
up €31,814 (+76.7%), from €41,502 to €73,316
of which Distributable reserves: +€31,814
- Short-term financial debts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Tax, wage and social debts +€5,725
up €5,725 (+61.0%), from €9,391 to €15,116
of which Taxes: +€5,223
- Trade debts -€3,676
down €3,676 (-4.2%), from €87,338 to €83,661
- Gross operating margin +€44,488
up €44,488 (+71.9%), from €61,918 to €106,406
- Taxes +€13,251
up €13,251 (+1,824%), from €727 to €13,977
- Other operating charges -€3,013
down €3,013 (-66.6%), from €4,521 to €1,509
- Depreciation +€2,148
up €2,148 (+29.5%), from €7,270 to €9,419
- Financial charges -€1,169
down €1,169 (-32.1%), from €3,644 to €2,475
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 | €248,139 | €273,759 | +€25,620 | +10.3% |
| Fixed assets | 21/28 | €22,916 | €17,705 | -€5,211 | -22.7% |
| Tangible fixed assets | 22/27 | €22,916 | €17,705 | -€5,211 | -22.7% |
| Land and buildings | 22 | €7,401 | €3,569 | -€3,832 | -51.8% |
| Plant, machinery and equipment | 23 | €9,363 | €6,524 | -€2,839 | -30.3% |
| Furniture and vehicles | 24 | €6,153 | €7,613 | +€1,460 | +23.7% |
| Current assets | 29/58 | €225,223 | €256,054 | +€30,831 | +13.7% |
| Stocks and contracts in progress | 3 | €42,295 | €44,340 | +€2,045 | +4.8% |
| Stocks | 30/36 | €42,295 | €44,340 | +€2,045 | +4.8% |
| Amounts receivable within one year | 40/41 | €126,889 | €109,244 | -€17,645 | -13.9% |
| Trade receivables | 40 | €123,122 | €106,554 | -€16,568 | -13.5% |
| Other amounts receivable | 41 | €3,767 | €2,690 | -€1,077 | -28.6% |
| Cash at bank and in hand | 54/58 | €37,368 | €88,535 | +€51,166 | +137% |
| Deferred charges and accrued income | 490/1 | €18,670 | €13,935 | -€4,735 | -25.4% |
| Total equity and liabilities | 10/49 | €248,139 | €273,759 | +€25,620 | +10.3% |
| Equity | 10/15 | €128,416 | €160,230 | +€31,814 | +24.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €41,502 | €73,316 | +€31,814 | +76.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,502 | €73,316 | +€31,814 | +76.7% |
| Profit (loss) carried forward | 14 | €68,164 | €68,164 | = | 0.0% |
| Amounts payable | 17/49 | €119,723 | €113,529 | -€6,194 | -5.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €119,723 | €113,529 | -€6,194 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Credit institutions | 430/8 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Trade debts | 44 | €87,338 | €83,661 | -€3,676 | -4.2% |
| Suppliers | 440/4 | €87,338 | €83,661 | -€3,676 | -4.2% |
| Advances received on contracts in progress | 46 | - | €1,470 | +€1,470 | |
| Taxes, remuneration and social security | 45 | €9,391 | €15,116 | +€5,725 | +61.0% |
| Taxes | 450/3 | €5,001 | €10,224 | +€5,223 | +104% |
| Remuneration and social security | 454/9 | €4,390 | €4,892 | +€503 | +11.4% |
| Other amounts payable | 47/48 | €2,994 | €3,281 | +€287 | +9.6% |
| Remuneration, social security and pensions | 62 | €47,240 | €47,552 | +€312 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,270 | €9,419 | +€2,148 | +29.5% |
| Other operating charges | 640/8 | €4,521 | €1,509 | -€3,013 | -66.6% |
| Gross operating margin | 9900 | €61,918 | €106,406 | +€44,488 | +71.9% |
| Operating profit (loss) | 9901 | €2,886 | €47,927 | +€45,041 | +1,561% |
| Financial income | 75/76B | €244 | €339 | +€95 | +39.0% |
| Recurring financial income | 75 | €244 | €339 | +€95 | +39.0% |
| Financial charges | 65/66B | €3,644 | €2,475 | -€1,169 | -32.1% |
| Recurring financial charges | 65 | €3,644 | €2,475 | -€1,169 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€514 | €45,791 | +€46,305 | |
| Income taxes | 67/77 | €727 | €13,977 | +€13,251 | +1,824% |
| Profit (loss) for the period | 9904 | -€1,240 | €31,814 | +€33,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,240 | €31,814 | +€33,054 |
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.