ART UPKOT: 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 UPKOT
Largest movements
- Receivables within one year +€338,191
up €338,191 (+45.1%), from €750,486 to €1.1m
of which Other amounts receivable: +€340,917
- Cash -€213,731
down €213,731 (-81.3%), from €262,910 to €49,179
mainly Receivables within one year (-€338,191) and Other debts (-€34,083)
- Tangible fixed assets -€143,350
down €143,350 (-1.7%), from €8.7m to €8.5m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€19,299
up €19,299 (+27.4%), from €70,447 to €89,745
- Other operating charges +€10,146
up €10,146 (+27.5%), from €36,862 to €47,008
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 | €9,694,381 | €9,684,677 | -€9,704 | -0.1% |
| Fixed assets | 21/28 | €8,679,380 | €8,536,029 | -€143,350 | -1.7% |
| Tangible fixed assets | 22/27 | €8,679,380 | €8,536,029 | -€143,350 | -1.7% |
| Land and buildings | 22 | €8,679,380 | €8,536,029 | -€143,350 | -1.7% |
| Current assets | 29/58 | €1,015,001 | €1,148,648 | +€133,647 | +13.2% |
| Amounts receivable within one year | 40/41 | €750,486 | €1,088,678 | +€338,191 | +45.1% |
| Trade receivables | 40 | €6,055 | €3,330 | -€2,725 | -45.0% |
| Other amounts receivable | 41 | €744,431 | €1,085,348 | +€340,917 | +45.8% |
| Cash at bank and in hand | 54/58 | €262,910 | €49,179 | -€213,731 | -81.3% |
| Deferred charges and accrued income | 490/1 | €1,605 | €10,791 | +€9,186 | +573% |
| Total equity and liabilities | 10/49 | €9,694,381 | €9,684,677 | -€9,704 | -0.1% |
| Equity | 10/15 | €4,782,704 | €4,822,456 | +€39,752 | +0.8% |
| Contributions | 10/11 | €6,143,629 | €6,143,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,360,925 | -€1,321,173 | +€39,752 | +2.9% |
| Amounts payable | 17/49 | €4,911,677 | €4,862,222 | -€49,455 | -1.0% |
| Amounts payable after more than one year | 17 | €4,800,000 | €4,800,000 | = | 0.0% |
| Financial debts | 170/4 | €4,800,000 | €4,800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,258 | €48,871 | -€56,387 | -53.6% |
| Trade debts | 44 | €35,727 | €13,423 | -€22,304 | -62.4% |
| Suppliers | 440/4 | €35,727 | €13,423 | -€22,304 | -62.4% |
| Other amounts payable | 47/48 | €69,531 | €35,448 | -€34,083 | -49.0% |
| Accrued charges and deferred income | 492/3 | €6,418 | €13,351 | +€6,932 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,350 | €143,350 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€92 | €0 | +€92 | |
| Other operating charges | 640/8 | €36,862 | €47,008 | +€10,146 | +27.5% |
| Gross operating margin | 9900 | €314,368 | €314,395 | +€27 | 0.0% |
| Operating profit (loss) | 9901 | €134,247 | €124,036 | -€10,211 | -7.6% |
| Financial income | 75/76B | €4,522 | €5,460 | +€938 | +20.7% |
| Recurring financial income | 75 | €4,522 | €5,460 | +€938 | +20.7% |
| Financial charges | 65/66B | €70,447 | €89,745 | +€19,299 | +27.4% |
| Recurring financial charges | 65 | €70,447 | €89,745 | +€19,299 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €68,323 | €39,752 | -€28,571 | -41.8% |
| Profit (loss) for the period | 9904 | €68,323 | €39,752 | -€28,571 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,323 | €39,752 | -€28,571 | -41.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.