ART & PLAFONNAGE: 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 & PLAFONNAGE
Largest movements
- Receivables within one year -€30,070
down €30,070 (-32.5%), from €92,651 to €62,581
of which Trade receivables: -€35,090
- Deferred charges and accrued income -€12,000
no longer reported in 2025 (was €12,000)
- Tangible fixed assets -€5,313
down €5,313 (-100%), from €5,313 to €0
- Tax, wage and social debts -€66,727
down €66,727 (-95.7%), from €69,733 to €3,006
of which Remuneration and social security: -€67,637
- Other debts +€30,165
up €30,165 (+562%), from €5,369 to €35,534
- Profit (loss) carried forward -€15,743
down €15,743 (-117%), from -€13,461 to -€29,204
- Short-term financial debts +€6,959
new in 2025: €6,959
- Trade debts -€6,135
down €6,135 (-29.5%), from €20,821 to €14,686
- Gross operating margin -€174,656
down €174,656 (-79.9%), from €218,591 to €43,935
- Purchases and services +€149,178
new in 2025: €149,178
- Staff costs -€91,413
down €91,413 (-63.8%), from €143,227 to €51,814
- Other operating charges -€65,408
down €65,408 (-95.2%), from €68,679 to €3,271
- Financial income -€12,571
down €12,571 (-99.5%), from €12,634 to €63
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,884 | €65,501 | -€47,383 | -42.0% |
| Fixed assets | 21/28 | €5,313 | - | -€5,313 | |
| Tangible fixed assets | 22/27 | €5,313 | €0 | -€5,313 | -100% |
| Furniture and vehicles | 24 | €5,313 | - | -€5,313 | |
| Current assets | 29/58 | €107,571 | €65,501 | -€42,070 | -39.1% |
| Stocks and contracts in progress | 3 | €2,920 | €2,920 | = | 0.0% |
| Stocks | 30/36 | €2,920 | €2,920 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,651 | €62,581 | -€30,070 | -32.5% |
| Trade receivables | 40 | €90,484 | €55,394 | -€35,090 | -38.8% |
| Other amounts receivable | 41 | €2,167 | €7,187 | +€5,020 | +232% |
| Deferred charges and accrued income | 490/1 | €12,000 | - | -€12,000 | |
| Total equity and liabilities | 10/49 | €112,884 | €65,501 | -€47,383 | -42.0% |
| Equity | 10/15 | €10,205 | -€5,538 | -€15,743 | |
| Contributions | 10/11 | €12,923 | €12,923 | +€0 | 0.0% |
| Reserves | 13 | €10,743 | €10,743 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €743 | €743 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €743 | €743 | -€0 | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,461 | -€29,204 | -€15,743 | -117% |
| Amounts payable | 17/49 | €102,679 | €71,039 | -€31,640 | -30.8% |
| Amounts payable after more than one year | 17 | €597 | €5,412 | +€4,815 | +807% |
| Financial debts | 170/4 | €597 | €5,412 | +€4,815 | +807% |
| Amounts payable within one year | 42/48 | €102,082 | €65,627 | -€36,455 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €6,159 | €5,441 | -€718 | -11.7% |
| Financial debts | 43 | - | €6,959 | +€6,959 | |
| Credit institutions | 430/8 | - | €6,959 | +€6,959 | |
| Trade debts | 44 | €20,821 | €14,686 | -€6,135 | -29.5% |
| Suppliers | 440/4 | €20,821 | €14,686 | -€6,135 | -29.5% |
| Taxes, remuneration and social security | 45 | €69,733 | €3,006 | -€66,727 | -95.7% |
| Taxes | 450/3 | - | €910 | +€910 | |
| Remuneration and social security | 454/9 | €69,733 | €2,096 | -€67,637 | -97.0% |
| Other amounts payable | 47/48 | €5,369 | €35,534 | +€30,165 | +562% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €149,178 | +€149,178 | |
| Remuneration, social security and pensions | 62 | €143,227 | €51,814 | -€91,413 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | - | -€744 | |
| Other operating charges | 640/8 | €68,679 | €3,271 | -€65,408 | -95.2% |
| Gross operating margin | 9900 | €218,591 | €43,935 | -€174,656 | -79.9% |
| Operating profit (loss) | 9901 | €5,941 | -€11,150 | -€17,091 | |
| Financial income | 75/76B | €12,634 | €63 | -€12,571 | -99.5% |
| Recurring financial income | 75 | €12,634 | €63 | -€12,571 | -99.5% |
| Financial charges | 65/66B | €9,063 | €998 | -€8,065 | -89.0% |
| Recurring financial charges | 65 | €3,124 | €998 | -€2,126 | -68.0% |
| Non-recurring financial charges | 66B | €5,939 | - | -€5,939 | |
| Profit (loss) for the period before taxes | 9903 | €9,512 | -€12,086 | -€21,598 | |
| Income taxes | 67/77 | - | €3,657 | +€3,657 | |
| Profit (loss) for the period | 9904 | €9,512 | -€15,742 | -€25,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,512 | -€15,742 | -€25,254 |
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.