ART TECHNIC MODELISME MUSIQUE: what changed
What changed
ART TECHNIC MODELISME MUSIQUE
NACE 47.640, Retail sale of games and toys
filed annual accounts (NBB)
Net result for the year
€10,897
2024 · -€21,375+€32,272
Equity
€47,729
2024 · €36,831+€10,897
Cash
€8,631
2024 · €16,610-€7,979
Balance sheet total
€308,546
2024 · €316,407-€7,861
Largest movements
Assets
- Tangible fixed assets -€11,647
down €11,647 (-15.0%), from €77,531 to €65,884
of which Land and buildings: -€12,504
- Stocks and contracts +€11,624
up €11,624 (+5.2%), from €221,771 to €233,396
- Cash -€7,979
down €7,979 (-48.0%), from €16,610 to €8,631
mainly Debts after one year (-€12,399) and Stocks and contracts (-€11,624)
Equity and liabilities
- Debts after one year -€12,399
no longer reported in 2025 (was €12,399)
- Reserves +€11,000
up €11,000 (+91.7%), from €12,000 to €23,000
- Trade debts -€6,239
down €6,239 (-43.8%), from €14,257 to €8,018
Income statement
- Gross operating margin +€30,873
up €30,873, from -€3,646 to €27,227
- Financial charges -€1,856
down €1,856 (-54.1%), from €3,433 to €1,576
- Financial income -€518
down €518 (-30.9%), from €1,679 to €1,161
- Write-downs +€380
no longer reported in 2025 (was -€380)
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.
Result 2024
-€21,375
Gross operating margin
+€30,873
Depreciation
+€264
Write-downs
-€380
Other operating charges
+€177
Financial income
-€518
Financial charges
+€1,856
Taxes
-€0
Result 2025
€10,897
raises the resultlowers the result
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.
From operations
+€5,136
Investment
-€1,239
Financing
-€11,877
Cash 2024
€16,610
From operations (derived)
+€5,136
Net result for the year
+€10,897
Depreciation
+€12,886
Stocks and contracts
-€11,624
Receivables within one year
-€136
Deferred charges and accrued income
-€4
Trade debts
-€6,239
Tax, wage and social debts
-€1,645
Other debts
+€1,002
Investment (derived)
-€1,239
Investment in fixed assets (net)
-€1,239
Financing
-€11,877
Debts after one year
-€12,399
Current portion of long-term debt
+€522
Cash 2025
€8,631
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,407 | €308,546 | -€7,861 | -2.5% |
| Fixed assets | 21/28 | €77,751 | €66,104 | -€11,647 | -15.0% |
| Tangible fixed assets | 22/27 | €77,531 | €65,884 | -€11,647 | -15.0% |
| Land and buildings | 22 | €77,481 | €64,977 | -€12,504 | -16.1% |
| Furniture and vehicles | 24 | €50 | €907 | +€858 | +1,723% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €238,656 | €242,442 | +€3,786 | +1.6% |
| Stocks and contracts in progress | 3 | €221,771 | €233,396 | +€11,624 | +5.2% |
| Stocks | 30/36 | €221,771 | €233,396 | +€11,624 | +5.2% |
| Amounts receivable within one year | 40/41 | - | €136 | +€136 | |
| Trade receivables | 40 | - | €35 | +€35 | |
| Other amounts receivable | 41 | - | €101 | +€101 | |
| Cash at bank and in hand | 54/58 | €16,610 | €8,631 | -€7,979 | -48.0% |
| Deferred charges and accrued income | 490/1 | €275 | €279 | +€4 | +1.4% |
| Total equity and liabilities | 10/49 | €316,407 | €308,546 | -€7,861 | -2.5% |
| Equity | 10/15 | €36,831 | €47,729 | +€10,897 | +29.6% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €23,000 | +€11,000 | +91.7% |
| Distributable reserves | 133 | €12,000 | €23,000 | +€11,000 | +91.7% |
| Profit (loss) carried forward | 14 | €831 | €729 | -€103 | -12.4% |
| Amounts payable | 17/49 | €279,576 | €260,817 | -€18,758 | -6.7% |
| Amounts payable after more than one year | 17 | €12,399 | - | -€12,399 | |
| Financial debts | 170/4 | €12,399 | - | -€12,399 | |
| Amounts payable within one year | 42/48 | €267,177 | €260,817 | -€6,360 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €11,877 | €12,399 | +€522 | +4.4% |
| Trade debts | 44 | €14,257 | €8,018 | -€6,239 | -43.8% |
| Suppliers | 440/4 | €14,257 | €8,018 | -€6,239 | -43.8% |
| Taxes, remuneration and social security | 45 | €8,517 | €6,872 | -€1,645 | -19.3% |
| Taxes | 450/3 | €8,517 | €6,872 | -€1,645 | -19.3% |
| Other amounts payable | 47/48 | €232,527 | €233,529 | +€1,002 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,149 | €12,886 | -€264 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€380 | - | +€380 | |
| Other operating charges | 640/8 | €3,206 | €3,029 | -€177 | -5.5% |
| Gross operating margin | 9900 | -€3,646 | €27,227 | +€30,873 | |
| Operating profit (loss) | 9901 | -€19,622 | €11,312 | +€30,934 | |
| Financial income | 75/76B | €1,679 | €1,161 | -€518 | -30.9% |
| Recurring financial income | 75 | €1,679 | €1,161 | -€518 | -30.9% |
| Financial charges | 65/66B | €3,433 | €1,576 | -€1,856 | -54.1% |
| Recurring financial charges | 65 | €3,433 | €1,576 | -€1,856 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,375 | €10,897 | +€32,272 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€21,375 | €10,897 | +€32,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,375 | €10,897 | +€32,272 |
Next steps
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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 6 November 2026 via checked.be.