ART TRANS KAR: 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 TRANS KAR
Largest movements
- Cash +€26,833
up €26,833 (+53.5%), from €50,114 to €76,948
mainly Other debts (+€61,558) and Net result for the year (+€25,721)
- Tangible fixed assets -€10,704
down €10,704 (-31.4%), from €34,054 to €23,350
- Receivables within one year +€5,364
up €5,364 (+5.0%), from €106,261 to €111,626
of which Other amounts receivable: +€6,949
- Deferred charges and accrued income +€2,614
up €2,614 (+213%), from €1,227 to €3,840
- Other debts +€61,558
up €61,558 (+191%), from €32,286 to €93,844
- Profit (loss) carried forward -€36,279
down €36,279 (-37.9%), from €95,623 to €59,345
- Trade debts +€12,532
up €12,532 (+102%), from €12,254 to €24,786
- Debts after one year -€7,770
down €7,770 (-56.1%), from €13,853 to €6,083
- Tax, wage and social debts -€6,307
down €6,307 (-27.8%), from €22,683 to €16,376
of which Taxes: -€6,208
- Gross operating margin +€15,652
up €15,652 (+30.8%), from €50,829 to €66,481
- Taxes +€3,951
up €3,951 (+63.6%), from €6,215 to €10,166
- Staff costs -€2,665
down €2,665 (-72.2%), from €3,691 to €1,026
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 | €192,157 | €216,264 | +€24,107 | +12.5% |
| Fixed assets | 21/28 | €34,554 | €23,850 | -€10,704 | -31.0% |
| Tangible fixed assets | 22/27 | €34,054 | €23,350 | -€10,704 | -31.4% |
| Furniture and vehicles | 24 | €34,054 | €23,350 | -€10,704 | -31.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €157,602 | €192,414 | +€34,811 | +22.1% |
| Amounts receivable within one year | 40/41 | €106,261 | €111,626 | +€5,364 | +5.0% |
| Trade receivables | 40 | €106,261 | €104,676 | -€1,585 | -1.5% |
| Other amounts receivable | 41 | - | €6,949 | +€6,949 | |
| Cash at bank and in hand | 54/58 | €50,114 | €76,948 | +€26,833 | +53.5% |
| Deferred charges and accrued income | 490/1 | €1,227 | €3,840 | +€2,614 | +213% |
| Total equity and liabilities | 10/49 | €192,157 | €216,264 | +€24,107 | +12.5% |
| Equity | 10/15 | €103,683 | €67,405 | -€36,279 | -35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,623 | €59,345 | -€36,279 | -37.9% |
| Amounts payable | 17/49 | €88,473 | €148,859 | +€60,386 | +68.3% |
| Amounts payable after more than one year | 17 | €13,853 | €6,083 | -€7,770 | -56.1% |
| Financial debts | 170/4 | €13,853 | €6,083 | -€7,770 | -56.1% |
| Amounts payable within one year | 42/48 | €74,620 | €142,776 | +€68,156 | +91.3% |
| Current portion of amounts payable after more than one year | 42 | €7,397 | €7,770 | +€373 | +5.0% |
| Trade debts | 44 | €12,254 | €24,786 | +€12,532 | +102% |
| Suppliers | 440/4 | €12,254 | €24,786 | +€12,532 | +102% |
| Taxes, remuneration and social security | 45 | €22,683 | €16,376 | -€6,307 | -27.8% |
| Taxes | 450/3 | €22,584 | €16,376 | -€6,208 | -27.5% |
| Remuneration and social security | 454/9 | €99 | - | -€99 | |
| Other amounts payable | 47/48 | €32,286 | €93,844 | +€61,558 | +191% |
| Remuneration, social security and pensions | 62 | €3,691 | €1,026 | -€2,665 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,600 | €21,247 | -€352 | -1.6% |
| Other operating charges | 640/8 | €3,070 | €2,985 | -€86 | -2.8% |
| Non-recurring operating charges | 66A | €4,967 | €2,798 | -€2,168 | -43.7% |
| Gross operating margin | 9900 | €50,829 | €66,481 | +€15,652 | +30.8% |
| Operating profit (loss) | 9901 | €17,502 | €38,425 | +€20,923 | +120% |
| Financial income | 75/76B | €70 | €325 | +€255 | +367% |
| Recurring financial income | 75 | €70 | €325 | +€255 | +367% |
| Financial charges | 65/66B | €2,710 | €2,862 | +€153 | +5.6% |
| Recurring financial charges | 65 | €2,710 | €2,862 | +€153 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €14,862 | €35,887 | +€21,026 | +141% |
| Income taxes | 67/77 | €6,215 | €10,166 | +€3,951 | +63.6% |
| Profit (loss) for the period | 9904 | €8,646 | €25,721 | +€17,075 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €8,646 | €25,721 | +€17,075 | +197% |
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.