ART PROJEKT: what changed
ART PROJEKT
Largest movements
- Cash +€81,614
up €81,614 (+13,324%), from €613 to €82,226
mainly Short-term financial debts (+€40,773) and Net result for the year (+€31,954)
- Receivables after one year +€15,000
new in 2025: €15,000
- Tangible fixed assets -€3,844
down €3,844 (-18.4%), from €20,893 to €17,048
of which Furniture and vehicles: -€3,561
- Short-term financial debts +€40,773
up €40,773 (+373%), from €10,929 to €51,703
- Profit (loss) carried forward +€31,954
up €31,954, from -€20,445 to €11,509
- Tax, wage and social debts +€16,933
up €16,933 (+292%), from €5,794 to €22,726
of which Remuneration and social security: +€14,835
- Trade debts +€15,775
up €15,775 (+562%), from €2,806 to €18,581
- Debts after one year -€8,740
down €8,740 (-79.6%), from €10,982 to €2,242
- Gross operating margin +€30,214
up €30,214 (+53.6%), from €56,328 to €86,542
- Depreciation -€4,219
down €4,219 (-20.2%), from €20,888 to €16,669
- Financial charges +€3,865
up €3,865 (+14.2%), from €27,220 to €31,085
- Taxes +€2,098
up €2,098 (+1,055%), from €199 to €2,297
- Other operating charges +€1,180
up €1,180 (+27.9%), from €4,231 to €5,412
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,196 | €121,746 | +€93,549 | +332% |
| Fixed assets | 21/28 | €20,893 | €17,048 | -€3,844 | -18.4% |
| Tangible fixed assets | 22/27 | €20,893 | €17,048 | -€3,844 | -18.4% |
| Plant, machinery and equipment | 23 | €773 | €490 | -€283 | -36.6% |
| Furniture and vehicles | 24 | €20,119 | €16,558 | -€3,561 | -17.7% |
| Current assets | 29/58 | €7,304 | €104,697 | +€97,394 | +1,333% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €3,057 | €3,885 | +€828 | +27.1% |
| Other amounts receivable | 41 | €3,057 | €3,885 | +€828 | +27.1% |
| Cash at bank and in hand | 54/58 | €613 | €82,226 | +€81,614 | +13,324% |
| Deferred charges and accrued income | 490/1 | €3,634 | €3,586 | -€48 | -1.3% |
| Total equity and liabilities | 10/49 | €28,196 | €121,746 | +€93,549 | +332% |
| Equity | 10/15 | -€15,445 | €16,509 | +€31,954 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,445 | €11,509 | +€31,954 | |
| Amounts payable | 17/49 | €43,641 | €105,237 | +€61,596 | +141% |
| Amounts payable after more than one year | 17 | €10,982 | €2,242 | -€8,740 | -79.6% |
| Financial debts | 170/4 | €10,982 | €2,242 | -€8,740 | -79.6% |
| Amounts payable within one year | 42/48 | €32,659 | €102,995 | +€70,336 | +215% |
| Current portion of amounts payable after more than one year | 42 | €8,389 | €8,740 | +€351 | +4.2% |
| Financial debts | 43 | €10,929 | €51,703 | +€40,773 | +373% |
| Credit institutions | 430/8 | €10,929 | €51,703 | +€40,773 | +373% |
| Trade debts | 44 | €2,806 | €18,581 | +€15,775 | +562% |
| Suppliers | 440/4 | €2,806 | €18,581 | +€15,775 | +562% |
| Taxes, remuneration and social security | 45 | €5,794 | €22,726 | +€16,933 | +292% |
| Taxes | 450/3 | €199 | €2,297 | +€2,098 | +1,055% |
| Remuneration and social security | 454/9 | €5,595 | €20,430 | +€14,835 | +265% |
| Other amounts payable | 47/48 | €4,741 | €1,245 | -€3,497 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,888 | €16,669 | -€4,219 | -20.2% |
| Other operating charges | 640/8 | €4,231 | €5,412 | +€1,180 | +27.9% |
| Gross operating margin | 9900 | €56,328 | €86,542 | +€30,214 | +53.6% |
| Operating profit (loss) | 9901 | €31,209 | €64,461 | +€33,252 | +107% |
| Financial income | 75/76B | - | €874 | +€874 | |
| Recurring financial income | 75 | - | €874 | +€874 | |
| Financial charges | 65/66B | €27,220 | €31,085 | +€3,865 | +14.2% |
| Recurring financial charges | 65 | €27,220 | €31,085 | +€3,865 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €3,989 | €34,250 | +€30,262 | +759% |
| Income taxes | 67/77 | €199 | €2,297 | +€2,098 | +1,055% |
| Profit (loss) for the period | 9904 | €3,790 | €31,954 | +€28,164 | +743% |
| Profit (loss) for the period to be appropriated | 9905 | €3,790 | €31,954 | +€28,164 | +743% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.