ART Solutions: 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 Solutions
Largest movements
- Financial fixed assets +€497,573
new in 2025: €497,573
- Cash -€114,133
down €114,133 (-57.2%), from €199,493 to €85,360
mainly Investment in fixed assets (net) (-€497,573) and Contributions, distributions and other (-€335,000)
- Receivables within one year +€11,086
up €11,086 (+69.0%), from €16,063 to €27,149
of which Trade receivables: +€11,084
- Deferred charges and accrued income -€7,614
down €7,614 (-80.9%), from €9,416 to €1,802
- Debts after one year +€263,143
new in 2025: €263,143
- Current portion of long-term debt +€116,253
new in 2025: €116,253
- Other debts -€12,657
down €12,657 (-8.5%), from €148,251 to €135,594
- Gross operating margin +€266,910
up €266,910 (+134%), from €199,760 to €466,670
- Taxes +€69,025
up €69,025 (+149%), from €46,430 to €115,456
- Financial charges +€4,685
up €4,685 (+3,783%), from €124 to €4,808
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 | €256,995 | €637,663 | +€380,668 | +148% |
| Fixed assets | 21/28 | €32,023 | €523,352 | +€491,329 | +1,534% |
| Tangible fixed assets | 22/27 | €32,023 | €25,779 | -€6,244 | -19.5% |
| Plant, machinery and equipment | 23 | €1,158 | €704 | -€455 | -39.3% |
| Furniture and vehicles | 24 | €30,864 | €25,075 | -€5,789 | -18.8% |
| Financial fixed assets | 28 | - | €497,573 | +€497,573 | |
| Current assets | 29/58 | €224,972 | €114,311 | -€110,661 | -49.2% |
| Amounts receivable within one year | 40/41 | €16,063 | €27,149 | +€11,086 | +69.0% |
| Trade receivables | 40 | €16,043 | €27,128 | +€11,084 | +69.1% |
| Other amounts receivable | 41 | €20 | €21 | +€2 | +8.0% |
| Cash at bank and in hand | 54/58 | €199,493 | €85,360 | -€114,133 | -57.2% |
| Deferred charges and accrued income | 490/1 | €9,416 | €1,802 | -€7,614 | -80.9% |
| Total equity and liabilities | 10/49 | €256,995 | €637,663 | +€380,668 | +148% |
| Equity | 10/15 | €62,005 | €66,598 | +€4,593 | +7.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,005 | €64,598 | +€4,593 | +7.7% |
| Distributable reserves | 133 | €60,005 | €64,598 | +€4,593 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €194,990 | €571,065 | +€376,075 | +193% |
| Amounts payable after more than one year | 17 | - | €263,143 | +€263,143 | |
| Financial debts | 170/4 | - | €263,143 | +€263,143 | |
| Amounts payable within one year | 42/48 | €194,990 | €307,922 | +€112,932 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | - | €116,253 | +€116,253 | |
| Trade debts | 44 | €28,227 | €32,039 | +€3,812 | +13.5% |
| Suppliers | 440/4 | €28,227 | €32,039 | +€3,812 | +13.5% |
| Taxes, remuneration and social security | 45 | €18,512 | €24,036 | +€5,524 | +29.8% |
| Taxes | 450/3 | €18,512 | €24,036 | +€5,524 | +29.8% |
| Other amounts payable | 47/48 | €148,251 | €135,594 | -€12,657 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,069 | €6,244 | +€1,175 | +23.2% |
| Other operating charges | 640/8 | €505 | €649 | +€144 | +28.4% |
| Gross operating margin | 9900 | €199,760 | €466,670 | +€266,910 | +134% |
| Operating profit (loss) | 9901 | €194,185 | €459,777 | +€265,592 | +137% |
| Financial income | 75/76B | €0 | €80 | +€80 | |
| Recurring financial income | 75 | €0 | €80 | +€80 | |
| Financial charges | 65/66B | €124 | €4,808 | +€4,685 | +3,783% |
| Recurring financial charges | 65 | €124 | €4,808 | +€4,685 | +3,783% |
| Profit (loss) for the period before taxes | 9903 | €194,062 | €455,049 | +€260,987 | +134% |
| Income taxes | 67/77 | €46,430 | €115,456 | +€69,025 | +149% |
| Profit (loss) for the period | 9904 | €147,631 | €339,593 | +€191,962 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €147,631 | €339,593 | +€191,962 | +130% |
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 14 October 2026 via checked.be.