ART NEO: 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 NEO
Largest movements
- Tangible fixed assets -€2,388
down €2,388 (-87.7%), from €2,724 to €336
of which Other tangible fixed assets: -€1,875
- Stocks and contracts +€1,751
up €1,751 (+7.3%), from €23,921 to €25,672
- Trade debts -€1,641
down €1,641 (-18.2%), from €9,016 to €7,375
- Reserves +€1,000
up €1,000 (+7.2%), from €13,860 to €14,860
of which Distributable reserves: +€1,000
- Gross operating margin -€25,340
down €25,340 (-19.0%), from €133,677 to €108,337
- Taxes -€4,947
down €4,947 (-73.7%), from €6,714 to €1,767
- Other operating charges -€2,605
down €2,605 (-60.7%), from €4,289 to €1,684
- Staff costs -€2,488
down €2,488 (-2.4%), from €101,731 to €99,243
- Financial charges +€1,554
up €1,554 (+187%), from €833 to €2,387
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 | €65,288 | €64,844 | -€444 | -0.7% |
| Fixed assets | 21/28 | €7,716 | €5,328 | -€2,388 | -30.9% |
| Tangible fixed assets | 22/27 | €2,724 | €336 | -€2,388 | -87.7% |
| Plant, machinery and equipment | 23 | €849 | €336 | -€513 | -60.4% |
| Other tangible fixed assets | 26 | €1,875 | - | -€1,875 | |
| Financial fixed assets | 28 | €4,992 | €4,992 | = | 0.0% |
| Current assets | 29/58 | €57,572 | €59,516 | +€1,944 | +3.4% |
| Stocks and contracts in progress | 3 | €23,921 | €25,672 | +€1,751 | +7.3% |
| Stocks | 30/36 | €23,921 | €25,672 | +€1,751 | +7.3% |
| Amounts receivable within one year | 40/41 | €128 | €134 | +€6 | +4.7% |
| Other amounts receivable | 41 | €128 | €134 | +€6 | +4.7% |
| Cash at bank and in hand | 54/58 | €32,967 | €32,966 | -€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €556 | €744 | +€188 | +33.8% |
| Total equity and liabilities | 10/49 | €65,288 | €64,844 | -€444 | -0.7% |
| Equity | 10/15 | €32,906 | €34,305 | +€1,399 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €14,860 | +€1,000 | +7.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €13,000 | +€1,000 | +8.3% |
| Profit (loss) carried forward | 14 | €446 | €845 | +€399 | +89.5% |
| Amounts payable | 17/49 | €32,382 | €30,539 | -€1,843 | -5.7% |
| Amounts payable within one year | 42/48 | €32,382 | €30,539 | -€1,843 | -5.7% |
| Trade debts | 44 | €9,016 | €7,375 | -€1,641 | -18.2% |
| Suppliers | 440/4 | €9,016 | €7,375 | -€1,641 | -18.2% |
| Taxes, remuneration and social security | 45 | €23,190 | €23,065 | -€125 | -0.5% |
| Taxes | 450/3 | €12,218 | €13,090 | +€872 | +7.1% |
| Remuneration and social security | 454/9 | €10,972 | €9,975 | -€997 | -9.1% |
| Other amounts payable | 47/48 | €176 | €99 | -€77 | -43.8% |
| Remuneration, social security and pensions | 62 | €101,731 | €99,243 | -€2,488 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727 | €2,388 | -€339 | -12.4% |
| Other operating charges | 640/8 | €4,289 | €1,684 | -€2,605 | -60.7% |
| Gross operating margin | 9900 | €133,677 | €108,337 | -€25,340 | -19.0% |
| Operating profit (loss) | 9901 | €24,930 | €5,022 | -€19,908 | -79.9% |
| Financial income | 75/76B | €268 | €531 | +€263 | +98.1% |
| Recurring financial income | 75 | €268 | €531 | +€263 | +98.1% |
| Financial charges | 65/66B | €833 | €2,387 | +€1,554 | +187% |
| Recurring financial charges | 65 | €833 | €2,387 | +€1,554 | +187% |
| Profit (loss) for the period before taxes | 9903 | €24,365 | €3,166 | -€21,199 | -87.0% |
| Income taxes | 67/77 | €6,714 | €1,767 | -€4,947 | -73.7% |
| Profit (loss) for the period | 9904 | €17,651 | €1,399 | -€16,252 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,651 | €1,399 | -€16,252 | -92.1% |
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 29 October 2026 via checked.be.