ART SCHEMA: what changed
Two fiscal 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 SCHEMA
Largest movements
- Stocks and contracts -€4,492
down €4,492 (-68.2%), from €6,582 to €2,090
- Receivables within one year +€501
up €501 (+149.1%), from €336 to €837
of which Trade receivables: +€470
- Profit (loss) carried forward +€18,071
up €18,071 (+43.9%), from -€41,190 to -€23,119
- Trade debts -€9,544
down €9,544 (-87.6%), from €10,892 to €1,348
- Advances received -€8,300
down €8,300 (-84.7%), from €9,800 to €1,500
- Other debts -€4,990
down €4,990 (-60.4%), from €8,257 to €3,267
- Short-term financial debts +€773
up €773 (+96.6%), from €800 to €1,573
- Write-downs -€15,689
new in 2025: -€15,689
- Gross operating margin +€12,212
up €12,212, from -€8,045 to €4,167
- Depreciation -€2,789
no longer reported in 2025 (was €2,789)
- Other operating charges -€614
down €614 (-35.7%), from €1,722 to €1,108
- Financial charges -€503
down €503 (-41.9%), from €1,200 to €697
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 | €7,159 | €3,169 | -€3,990 | -55.7% |
| Current assets | 29/58 | €7,159 | €3,169 | -€3,990 | -55.7% |
| Stocks and contracts in progress | 3 | €6,582 | €2,090 | -€4,492 | -68.2% |
| Stocks | 30/36 | €6,582 | €2,090 | -€4,492 | -68.2% |
| Amounts receivable within one year | 40/41 | €336 | €837 | +€501 | +149.1% |
| Trade receivables | 40 | €165 | €635 | +€470 | +284.8% |
| Other amounts receivable | 41 | €171 | €202 | +€31 | +18.1% |
| Cash at bank and in hand | 54/58 | €241 | €242 | +€1 | +0.4% |
| Total equity and liabilities | 10/49 | €7,159 | €3,169 | -€3,990 | -55.7% |
| Equity | 10/15 | -€22,590 | -€4,519 | +€18,071 | +80.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,190 | -€23,119 | +€18,071 | +43.9% |
| Amounts payable | 17/49 | €29,749 | €7,688 | -€22,061 | -74.2% |
| Amounts payable within one year | 42/48 | €29,749 | €7,688 | -€22,061 | -74.2% |
| Financial debts | 43 | €800 | €1,573 | +€773 | +96.6% |
| Credit institutions | 430/8 | €800 | €1,573 | +€773 | +96.6% |
| Trade debts | 44 | €10,892 | €1,348 | -€9,544 | -87.6% |
| Suppliers | 440/4 | €10,892 | €1,348 | -€9,544 | -87.6% |
| Advances received on contracts in progress | 46 | €9,800 | €1,500 | -€8,300 | -84.7% |
| Other amounts payable | 47/48 | €8,257 | €3,267 | -€4,990 | -60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,789 | - | -€2,789 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€15,689 | -€15,689 | |
| Other operating charges | 640/8 | €1,722 | €1,108 | -€614 | -35.7% |
| Gross operating margin | 9900 | -€8,045 | €4,167 | +€12,212 | |
| Operating profit (loss) | 9901 | -€12,556 | €18,748 | +€31,304 | |
| Financial income | 75/76B | €175 | €20 | -€155 | -88.6% |
| Recurring financial income | 75 | €175 | €20 | -€155 | -88.6% |
| Financial charges | 65/66B | €1,200 | €697 | -€503 | -41.9% |
| Recurring financial charges | 65 | €1,200 | €697 | -€503 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,581 | €18,071 | +€31,652 | |
| Profit (loss) for the period | 9904 | -€13,581 | €18,071 | +€31,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,581 | €18,071 | +€31,652 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.