Art SUD: 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 SUD
Largest movements
- Receivables within one year -€9,979
down €9,979 (-11.5%), from €86,953 to €76,974
of which Trade receivables: -€9,269
- Cash -€8,207
no longer reported in 2025 (was €8,207)
mainly Net result for the year (-€47,001) and Advances received (-€4,256)
- Tangible fixed assets -€7,712
down €7,712 (-49.5%), from €15,591 to €7,879
of which Furniture and vehicles: -€7,333
- Profit (loss) carried forward -€47,001
down €47,001 (-63.1%), from €74,459 to €27,458
- Trade debts +€21,702
up €21,702 (+84.9%), from €25,573 to €47,276
- Short-term financial debts +€5,363
new in 2025: €5,363
- Advances received -€4,256
no longer reported in 2025 (was €4,256)
- Tax, wage and social debts -€2,097
down €2,097 (-85.2%), from €2,463 to €366
of which Remuneration and social security: -€2,097
- Gross operating margin -€81,251
down €81,251, from €47,573 to -€33,678
- Staff costs -€7,533
no longer reported in 2025 (was €7,533)
- Taxes -€4,122
down €4,122 (-57.9%), from €7,122 to €3,000
- Other operating charges +€1,502
up €1,502 (+234%), from €641 to €2,143
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 | €110,751 | €84,853 | -€25,898 | -23.4% |
| Fixed assets | 21/28 | €15,591 | €7,879 | -€7,712 | -49.5% |
| Tangible fixed assets | 22/27 | €15,591 | €7,879 | -€7,712 | -49.5% |
| Plant, machinery and equipment | 23 | €757 | €379 | -€379 | -50.0% |
| Furniture and vehicles | 24 | €14,833 | €7,500 | -€7,333 | -49.4% |
| Current assets | 29/58 | €95,160 | €76,974 | -€18,186 | -19.1% |
| Amounts receivable within one year | 40/41 | €86,953 | €76,974 | -€9,979 | -11.5% |
| Trade receivables | 40 | €85,312 | €76,043 | -€9,269 | -10.9% |
| Other amounts receivable | 41 | €1,641 | €931 | -€709 | -43.2% |
| Cash at bank and in hand | 54/58 | €8,207 | - | -€8,207 | |
| Total equity and liabilities | 10/49 | €110,751 | €84,853 | -€25,898 | -23.4% |
| Equity | 10/15 | €78,459 | €31,458 | -€47,001 | -59.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,459 | €27,458 | -€47,001 | -63.1% |
| Amounts payable | 17/49 | €32,292 | €53,395 | +€21,103 | +65.3% |
| Amounts payable within one year | 42/48 | €32,292 | €53,395 | +€21,103 | +65.3% |
| Financial debts | 43 | - | €5,363 | +€5,363 | |
| Credit institutions | 430/8 | - | €5,363 | +€5,363 | |
| Trade debts | 44 | €25,573 | €47,276 | +€21,702 | +84.9% |
| Suppliers | 440/4 | €25,573 | €47,276 | +€21,702 | +84.9% |
| Advances received on contracts in progress | 46 | €4,256 | - | -€4,256 | |
| Taxes, remuneration and social security | 45 | €2,463 | €366 | -€2,097 | -85.2% |
| Taxes | 450/3 | €217 | €217 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,245 | €148 | -€2,097 | -93.4% |
| Other amounts payable | 47/48 | - | €391 | +€391 | |
| Non-recurring operating income | 76A | €3,275 | - | -€3,275 | |
| Remuneration, social security and pensions | 62 | €7,533 | - | -€7,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,712 | €7,712 | +€0 | 0.0% |
| Other operating charges | 640/8 | €641 | €2,143 | +€1,502 | +234% |
| Non-recurring operating charges | 66A | €7,775 | - | -€7,775 | |
| Gross operating margin | 9900 | €47,573 | -€33,678 | -€81,251 | |
| Operating profit (loss) | 9901 | €23,912 | -€43,533 | -€67,445 | |
| Financial charges | 65/66B | €252 | €468 | +€216 | +85.7% |
| Recurring financial charges | 65 | €252 | €468 | +€216 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €23,660 | -€44,001 | -€67,661 | |
| Income taxes | 67/77 | €7,122 | €3,000 | -€4,122 | -57.9% |
| Profit (loss) for the period | 9904 | €16,538 | -€47,001 | -€63,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,538 | -€47,001 | -€63,539 |
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.