ART - TOIT: 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 - TOIT
Largest movements
- Receivables after one year +€21,250
up €21,250 (+18.6%), from €114,000 to €135,250
- Receivables within one year +€12,413
up €12,413 (+129%), from €9,659 to €22,072
of which Other amounts receivable: +€12,408
- Tangible fixed assets +€2,745
up €2,745 (+186%), from €1,478 to €4,223
- Tax, wage and social debts +€45,030
up €45,030 (+296%), from €15,237 to €60,267
of which Remuneration and social security: +€23,177
- Trade debts -€13,553
down €13,553 (-23.0%), from €58,846 to €45,293
- Profit (loss) carried forward +€7,369
up €7,369 (+18.7%), from -€39,395 to -€32,025
- Other debts -€3,790
down €3,790 (-9.7%), from €39,061 to €35,271
- Staff costs +€21,717
up €21,717 (+16.9%), from €128,249 to €149,966
- Gross operating margin -€21,656
down €21,656 (-10.9%), from €198,128 to €176,472
- Financial charges -€3,586
down €3,586 (-49.3%), from €7,272 to €3,686
- Taxes -€2,022
down €2,022 (-21.8%), from €9,281 to €7,259
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 | €158,115 | €193,851 | +€35,736 | +22.6% |
| Fixed assets | 21/28 | €1,478 | €4,223 | +€2,745 | +186% |
| Tangible fixed assets | 22/27 | €1,478 | €4,223 | +€2,745 | +186% |
| Furniture and vehicles | 24 | €1,478 | €4,223 | +€2,745 | +186% |
| Current assets | 29/58 | €156,638 | €189,628 | +€32,991 | +21.1% |
| Amounts receivable after more than one year | 29 | €114,000 | €135,250 | +€21,250 | +18.6% |
| Other amounts receivable | 291 | €114,000 | €135,250 | +€21,250 | +18.6% |
| Amounts receivable within one year | 40/41 | €9,659 | €22,072 | +€12,413 | +129% |
| Trade receivables | 40 | €6,659 | €6,663 | +€5 | +0.1% |
| Other amounts receivable | 41 | €3,001 | €15,409 | +€12,408 | +414% |
| Cash at bank and in hand | 54/58 | €30,408 | €30,123 | -€286 | -0.9% |
| Deferred charges and accrued income | 490/1 | €2,570 | €2,184 | -€386 | -15.0% |
| Total equity and liabilities | 10/49 | €158,115 | €193,851 | +€35,736 | +22.6% |
| Equity | 10/15 | €34,755 | €42,125 | +€7,369 | +21.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €12,650 | €12,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,395 | -€32,025 | +€7,369 | +18.7% |
| Amounts payable | 17/49 | €123,360 | €151,727 | +€28,367 | +23.0% |
| Amounts payable within one year | 42/48 | €123,056 | €151,727 | +€28,671 | +23.3% |
| Financial debts | 43 | €9,912 | €10,895 | +€984 | +9.9% |
| Credit institutions | 430/8 | €9,912 | €10,895 | +€984 | +9.9% |
| Trade debts | 44 | €58,846 | €45,293 | -€13,553 | -23.0% |
| Suppliers | 440/4 | €58,846 | €45,293 | -€13,553 | -23.0% |
| Taxes, remuneration and social security | 45 | €15,237 | €60,267 | +€45,030 | +296% |
| Taxes | 450/3 | €9,175 | €31,028 | +€21,852 | +238% |
| Remuneration and social security | 454/9 | €6,062 | €29,239 | +€23,177 | +382% |
| Other amounts payable | 47/48 | €39,061 | €35,271 | -€3,790 | -9.7% |
| Accrued charges and deferred income | 492/3 | €304 | - | -€304 | |
| Remuneration, social security and pensions | 62 | €128,249 | €149,966 | +€21,717 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €1,606 | +€1,354 | +537% |
| Other operating charges | 640/8 | €2,166 | €3,095 | +€929 | +42.9% |
| Non-recurring operating charges | 66A | €1,847 | €5,840 | +€3,993 | +216% |
| Gross operating margin | 9900 | €198,128 | €176,472 | -€21,656 | -10.9% |
| Operating profit (loss) | 9901 | €65,613 | €15,965 | -€49,648 | -75.7% |
| Financial income | 75/76B | €399 | €2,349 | +€1,951 | +489% |
| Recurring financial income | 75 | €399 | €2,349 | +€1,951 | +489% |
| Financial charges | 65/66B | €7,272 | €3,686 | -€3,586 | -49.3% |
| Recurring financial charges | 65 | €7,272 | €3,686 | -€3,586 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €58,740 | €14,628 | -€44,112 | -75.1% |
| Income taxes | 67/77 | €9,281 | €7,259 | -€2,022 | -21.8% |
| Profit (loss) for the period | 9904 | €49,459 | €7,369 | -€42,090 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,459 | €7,369 | -€42,090 | -85.1% |
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 26 October 2026 via checked.be.