ART & PASSION: 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 & PASSION
Largest movements
- Cash +€36,577
up €36,577 (+1,162%), from €3,149 to €39,726
mainly Receivables within one year (+€26,996) and Net result for the year (+€10,795)
- Receivables within one year -€26,996
down €26,996 (-95.1%), from €28,372 to €1,376
of which Trade receivables: -€18,202
- Tangible fixed assets +€8,317
up €8,317 (+230%), from €3,611 to €11,928
of which Furniture and vehicles: +€6,938
- Deferred charges and accrued income -€4,157
down €4,157 (-32.9%), from €12,630 to €8,473
- Profit (loss) carried forward +€10,795
up €10,795 (+76.6%), from €14,093 to €24,888
- Trade debts -€7,306
down €7,306 (-65.1%), from €11,220 to €3,914
- Tax, wage and social debts +€6,122
up €6,122 (+246%), from €2,485 to €8,607
of which Remuneration and social security: +€5,032
- Other debts +€4,022
up €4,022 (+16.0%), from €25,096 to €29,118
- Staff costs +€31,180
up €31,180 (+11.7%), from €267,084 to €298,263
- Gross operating margin +€28,896
up €28,896 (+10.1%), from €286,275 to €315,171
- Other operating charges -€11,815
down €11,815 (-90.5%), from €13,055 to €1,240
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 | €58,899 | €72,626 | +€13,727 | +23.3% |
| Fixed assets | 21/28 | €4,723 | €12,373 | +€7,650 | +162% |
| Intangible fixed assets | 21 | €1,111 | €445 | -€667 | -60.0% |
| Tangible fixed assets | 22/27 | €3,611 | €11,928 | +€8,317 | +230% |
| Plant, machinery and equipment | 23 | €3,611 | €4,991 | +€1,379 | +38.2% |
| Furniture and vehicles | 24 | €0 | €6,938 | +€6,938 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €54,177 | €60,253 | +€6,077 | +11.2% |
| Stocks and contracts in progress | 3 | €10,026 | €10,678 | +€652 | +6.5% |
| Stocks | 30/36 | €10,026 | €10,678 | +€652 | +6.5% |
| Amounts receivable within one year | 40/41 | €28,372 | €1,376 | -€26,996 | -95.1% |
| Trade receivables | 40 | €18,202 | €0 | -€18,202 | -100% |
| Other amounts receivable | 41 | €10,170 | €1,376 | -€8,794 | -86.5% |
| Cash at bank and in hand | 54/58 | €3,149 | €39,726 | +€36,577 | +1,162% |
| Deferred charges and accrued income | 490/1 | €12,630 | €8,473 | -€4,157 | -32.9% |
| Total equity and liabilities | 10/49 | €58,899 | €72,626 | +€13,727 | +23.3% |
| Equity | 10/15 | €17,093 | €27,888 | +€10,795 | +63.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,093 | €24,888 | +€10,795 | +76.6% |
| Amounts payable | 17/49 | €41,807 | €44,738 | +€2,932 | +7.0% |
| Amounts payable within one year | 42/48 | €38,800 | €41,638 | +€2,838 | +7.3% |
| Trade debts | 44 | €11,220 | €3,914 | -€7,306 | -65.1% |
| Suppliers | 440/4 | €11,220 | €3,914 | -€7,306 | -65.1% |
| Taxes, remuneration and social security | 45 | €2,485 | €8,607 | +€6,122 | +246% |
| Taxes | 450/3 | €600 | €1,690 | +€1,090 | +182% |
| Remuneration and social security | 454/9 | €1,885 | €6,917 | +€5,032 | +267% |
| Other amounts payable | 47/48 | €25,096 | €29,118 | +€4,022 | +16.0% |
| Accrued charges and deferred income | 492/3 | €3,006 | €3,100 | +€94 | +3.1% |
| Remuneration, social security and pensions | 62 | €267,084 | €298,263 | +€31,180 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €3,288 | +€1,872 | +132% |
| Other operating charges | 640/8 | €13,055 | €1,240 | -€11,815 | -90.5% |
| Gross operating margin | 9900 | €286,275 | €315,171 | +€28,896 | +10.1% |
| Operating profit (loss) | 9901 | €4,720 | €12,379 | +€7,659 | +162% |
| Financial income | 75/76B | €422 | €352 | -€70 | -16.6% |
| Recurring financial income | 75 | €422 | €352 | -€70 | -16.6% |
| Financial charges | 65/66B | €512 | €916 | +€404 | +78.9% |
| Recurring financial charges | 65 | €512 | €916 | +€404 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €4,630 | €11,815 | +€7,185 | +155% |
| Income taxes | 67/77 | - | €1,020 | +€1,020 | |
| Profit (loss) for the period | 9904 | €4,630 | €10,795 | +€6,165 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €4,630 | €10,795 | +€6,165 | +133% |
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 17 October 2026 via checked.be.