ART-NET: 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-NET
Largest movements
- Cash -€122,518
down €122,518 (-20.5%), from €598,933 to €476,415
mainly Trade debts (-€242,272) and Contributions, distributions and other (-€180,000)
- Receivables within one year +€50,659
up €50,659 (+56.0%), from €90,529 to €141,188
of which Trade receivables: +€106,841
- Tangible fixed assets +€19,529
up €19,529 (+14.0%), from €139,589 to €159,117
of which Furniture and vehicles: +€36,653
- Trade debts -€242,272
down €242,272 (-50.8%), from €477,339 to €235,067
- Other debts +€177,343
up €177,343 (+10433.3%), from €1,700 to €179,043
- Reserves +€11,820
up €11,820 (+4.2%), from €284,347 to €296,167
of which Distributable reserves: +€11,820
- Gross operating margin +€191,787
up €191,787 (+444.5%), from €43,142 to €234,929
- Other operating charges +€7,177
up €7,177 (+152.4%), from €4,710 to €11,887
- Financial income +€4,829
up €4,829 (+409.2%), from €1,180 to €6,009
- Depreciation +€4,250
up €4,250 (+17.7%), from €23,985 to €28,235
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.
Cash bridge derived
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 | €831,724 | €781,079 | -€50,645 | -6.1% |
| Fixed assets | 21/28 | €139,589 | €159,117 | +€19,529 | +14.0% |
| Tangible fixed assets | 22/27 | €139,589 | €159,117 | +€19,529 | +14.0% |
| Land and buildings | 22 | €118,244 | €104,140 | -€14,104 | -11.9% |
| Plant, machinery and equipment | 23 | €9,870 | €7,924 | -€1,946 | -19.7% |
| Furniture and vehicles | 24 | €2,686 | €39,339 | +€36,653 | +1364.5% |
| Other tangible fixed assets | 26 | €8,788 | €7,714 | -€1,074 | -12.2% |
| Current assets | 29/58 | €692,135 | €621,962 | -€70,173 | -10.1% |
| Amounts receivable within one year | 40/41 | €90,529 | €141,188 | +€50,659 | +56.0% |
| Trade receivables | 40 | €9,985 | €116,827 | +€106,841 | +1070.0% |
| Other amounts receivable | 41 | €80,544 | €24,361 | -€56,183 | -69.8% |
| Cash at bank and in hand | 54/58 | €598,933 | €476,415 | -€122,518 | -20.5% |
| Deferred charges and accrued income | 490/1 | €2,673 | €4,359 | +€1,686 | +63.1% |
| Total equity and liabilities | 10/49 | €831,724 | €781,079 | -€50,645 | -6.1% |
| Equity | 10/15 | €302,939 | €314,759 | +€11,820 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €284,347 | €296,167 | +€11,820 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,600 | €20,600 | = | 0.0% |
| Distributable reserves | 133 | €263,747 | €275,567 | +€11,820 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €528,785 | €466,320 | -€62,465 | -11.8% |
| Amounts payable after more than one year | 17 | €23,750 | €22,375 | -€1,374 | -5.8% |
| Financial debts | 170/4 | €19,750 | €18,375 | -€1,374 | -7.0% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €505,035 | €440,376 | -€64,659 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €25,291 | €25,084 | -€206 | -0.8% |
| Trade debts | 44 | €477,339 | €235,067 | -€242,272 | -50.8% |
| Suppliers | 440/4 | €477,339 | €235,067 | -€242,272 | -50.8% |
| Taxes, remuneration and social security | 45 | €706 | €1,182 | +€476 | +67.4% |
| Taxes | 450/3 | €706 | €1,182 | +€476 | +67.4% |
| Other amounts payable | 47/48 | €1,700 | €179,043 | +€177,343 | +10433.3% |
| Accrued charges and deferred income | 492/3 | €0 | €3,569 | +€3,569 | |
| Non-recurring operating income | 76A | €125 | €0 | -€125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,985 | €28,235 | +€4,250 | +17.7% |
| Other operating charges | 640/8 | €4,710 | €11,887 | +€7,177 | +152.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,142 | €234,929 | +€191,787 | +444.5% |
| Operating profit (loss) | 9901 | €14,447 | €194,807 | +€180,359 | +1248.4% |
| Financial income | 75/76B | €1,180 | €6,009 | +€4,829 | +409.2% |
| Recurring financial income | 75 | €1,180 | €6,009 | +€4,829 | +409.2% |
| Financial charges | 65/66B | €3,504 | €3,134 | -€370 | -10.6% |
| Recurring financial charges | 65 | €3,504 | €3,134 | -€370 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €12,123 | €197,682 | +€185,558 | +1530.6% |
| Income taxes | 67/77 | €5,063 | €5,861 | +€798 | +15.8% |
| Profit (loss) for the period | 9904 | €7,060 | €191,820 | +€184,760 | +2617.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,060 | €191,820 | +€184,760 | +2617.0% |
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 12 October 2026 via checked.be.