ART NUMBERS: 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 NUMBERS
Largest movements
- Tangible fixed assets -€32,583
down €32,583 (-6.0%), from €546,054 to €513,470
of which Land and buildings: -€24,064
- Receivables after one year +€25,281
up €25,281 (+7.1%), from €357,078 to €382,359
- Debts after one year -€10,156
down €10,156 (-0.7%), from €1.4m to €1.4m
of which Financial debts: -€10,156
- Depreciation -€2,693
down €2,693 (-7.6%), from €35,276 to €32,583
- Financial income -€2,109
down €2,109 (-7.7%), from €27,390 to €25,281
- Gross operating margin +€652
up €652 (+3.9%), from €16,748 to €17,400
- Financial charges -€529
down €529 (-29.0%), from €1,825 to €1,296
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 | €906,714 | €900,010 | -€6,704 | -0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €546,054 | €513,470 | -€32,583 | -6.0% |
| Tangible fixed assets | 22/27 | €546,054 | €513,470 | -€32,583 | -6.0% |
| Land and buildings | 22 | €520,849 | €496,785 | -€24,064 | -4.6% |
| Plant, machinery and equipment | 23 | €2,634 | €691 | -€1,944 | -73.8% |
| Furniture and vehicles | 24 | €1,367 | €560 | -€807 | -59.0% |
| Other tangible fixed assets | 26 | €21,203 | €15,435 | -€5,768 | -27.2% |
| Current assets | 29/58 | €360,660 | €386,539 | +€25,879 | +7.2% |
| Amounts receivable after more than one year | 29 | €357,078 | €382,359 | +€25,281 | +7.1% |
| Other amounts receivable | 291 | €357,078 | €382,359 | +€25,281 | +7.1% |
| Amounts receivable within one year | 40/41 | €3,134 | €1,530 | -€1,604 | -51.2% |
| Trade receivables | 40 | €3,134 | €1,402 | -€1,733 | -55.3% |
| Other amounts receivable | 41 | - | €128 | +€128 | |
| Cash at bank and in hand | 54/58 | - | €2,176 | +€2,176 | |
| Deferred charges and accrued income | 490/1 | €447 | €474 | +€26 | +5.9% |
| Total equity and liabilities | 10/49 | €906,714 | €900,010 | -€6,704 | -0.7% |
| Equity | 10/15 | -€583,228 | -€578,449 | +€4,779 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€589,428 | -€584,649 | +€4,779 | +0.8% |
| Amounts payable | 17/49 | €1,489,941 | €1,478,459 | -€11,483 | -0.8% |
| Amounts payable after more than one year | 17 | €1,431,535 | €1,421,379 | -€10,156 | -0.7% |
| Financial debts | 170/4 | €1,429,535 | €1,419,379 | -€10,156 | -0.7% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,352 | €54,888 | -€3,464 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €40,357 | €37,975 | -€2,382 | -5.9% |
| Financial debts | 43 | €229 | - | -€229 | |
| Credit institutions | 430/8 | €229 | - | -€229 | |
| Trade debts | 44 | €17,743 | €16,913 | -€830 | -4.7% |
| Suppliers | 440/4 | €17,743 | €16,913 | -€830 | -4.7% |
| Taxes, remuneration and social security | 45 | €23 | - | -€23 | |
| Taxes | 450/3 | €23 | - | -€23 | |
| Accrued charges and deferred income | 492/3 | €54 | €2,192 | +€2,138 | +3940.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,276 | €32,583 | -€2,693 | -7.6% |
| Other operating charges | 640/8 | €3,974 | €4,023 | +€49 | +1.2% |
| Gross operating margin | 9900 | €16,748 | €17,400 | +€652 | +3.9% |
| Operating profit (loss) | 9901 | -€22,502 | -€19,206 | +€3,296 | +14.6% |
| Financial income | 75/76B | €27,390 | €25,281 | -€2,109 | -7.7% |
| Recurring financial income | 75 | €27,390 | €25,281 | -€2,109 | -7.7% |
| Financial charges | 65/66B | €1,825 | €1,296 | -€529 | -29.0% |
| Recurring financial charges | 65 | €1,825 | €1,296 | -€529 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €3,063 | €4,779 | +€1,716 | +56.0% |
| Profit (loss) for the period | 9904 | €3,063 | €4,779 | +€1,716 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,063 | €4,779 | +€1,716 | +56.0% |
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 11 October 2026 via checked.be.