Art.Tien: 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.Tien
Largest movements
- Cash -€33,696
down €33,696 (-39.8%), from €84,709 to €51,014
mainly Contributions, distributions and other (-€64,774) and Current investments (-€15,610)
- Current investments +€15,610
up €15,610 (+17.4%), from €89,755 to €105,365
- Reserves -€21,769
down €21,769 (-12.1%), from €179,179 to €157,410
- Tax, wage and social debts +€6,622
up €6,622 (+44.7%), from €14,811 to €21,432
- Gross operating margin +€13,033
up €13,033 (+28.2%), from €46,141 to €59,173
- Taxes +€7,726
up €7,726 (+67.7%), from €11,414 to €19,139
- Financial income +€6,482
up €6,482, from €0 to €6,482
of which Financial income: +€6,482
- Financial charges -€2,152
down €2,152 (-54.5%), from €3,950 to €1,798
- Depreciation -€639
down €639 (-37.0%), from €1,727 to €1,088
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 | €202,745 | €187,359 | -€15,386 | -7.6% |
| Fixed assets | 21/28 | €2,092 | €2,917 | +€825 | +39.4% |
| Tangible fixed assets | 22/27 | €2,092 | €2,917 | +€825 | +39.4% |
| Plant, machinery and equipment | 23 | €0 | €1,517 | +€1,517 | |
| Furniture and vehicles | 24 | €2,092 | €1,400 | -€693 | -33.1% |
| Current assets | 29/58 | €200,652 | €184,442 | -€16,210 | -8.1% |
| Amounts receivable within one year | 40/41 | €22,604 | €24,153 | +€1,549 | +6.9% |
| Trade receivables | 40 | €22,604 | €24,153 | +€1,549 | +6.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €89,755 | €105,365 | +€15,610 | +17.4% |
| Cash at bank and in hand | 54/58 | €84,709 | €51,014 | -€33,696 | -39.8% |
| Deferred charges and accrued income | 490/1 | €3,584 | €3,910 | +€326 | +9.1% |
| Total equity and liabilities | 10/49 | €202,745 | €187,359 | -€15,386 | -7.6% |
| Equity | 10/15 | €185,779 | €164,010 | -€21,769 | -11.7% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €179,179 | €157,410 | -€21,769 | -12.1% |
| Distributable reserves | 133 | €179,179 | €157,410 | -€21,769 | -12.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,966 | €23,349 | +€6,383 | +37.6% |
| Amounts payable within one year | 42/48 | €16,966 | €23,349 | +€6,383 | +37.6% |
| Trade debts | 44 | €1,117 | €1,015 | -€103 | -9.2% |
| Suppliers | 440/4 | €1,117 | €1,015 | -€103 | -9.2% |
| Taxes, remuneration and social security | 45 | €14,811 | €21,432 | +€6,622 | +44.7% |
| Taxes | 450/3 | €14,811 | €21,432 | +€6,622 | +44.7% |
| Other amounts payable | 47/48 | €1,038 | €902 | -€136 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,727 | €1,088 | -€639 | -37.0% |
| Other operating charges | 640/8 | €514 | €624 | +€110 | +21.4% |
| Gross operating margin | 9900 | €46,141 | €59,173 | +€13,033 | +28.2% |
| Operating profit (loss) | 9901 | €43,900 | €57,461 | +€13,561 | +30.9% |
| Financial income | 75/76B | €0 | €6,482 | +€6,482 | |
| Recurring financial income | 75 | €0 | €6,482 | +€6,482 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,950 | €1,798 | -€2,152 | -54.5% |
| Recurring financial charges | 65 | €3,950 | €1,798 | -€2,152 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €39,950 | €62,145 | +€22,195 | +55.6% |
| Income taxes | 67/77 | €11,414 | €19,139 | +€7,726 | +67.7% |
| Profit (loss) for the period | 9904 | €28,536 | €43,006 | +€14,470 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,536 | €43,006 | +€14,470 | +50.7% |
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 30 October 2026 via checked.be.