Art-uur Brussels: 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-uur Brussels
Largest movements
- Intangible fixed assets +€323,969
new in 2025: €323,969
- Receivables within one year +€157,584
up €157,584 (+105%), from €149,831 to €307,415
of which Other amounts receivable: +€84,956
- Stocks and contracts +€64,593
new in 2025: €64,593
- Cash -€10,647
down €10,647 (-60.4%), from €17,629 to €6,982
mainly Investment in fixed assets (net) (-€333,537) and Receivables within one year (-€157,584)
- Other debts +€323,811
up €323,811 (+1,108%), from €29,212 to €353,023
- Trade debts +€73,534
up €73,534 (+67.8%), from €108,533 to €182,067
- Profit (loss) carried forward +€73,451
up €73,451 (+227%), from €32,420 to €105,871
- Tax, wage and social debts +€40,867
up €40,867 (+148%), from €27,555 to €68,421
of which Taxes: +€39,367
- Current portion of long-term debt +€12,678
new in 2025: €12,678
- Gross operating margin +€72,898
up €72,898 (+147%), from €49,461 to €122,359
- Taxes +€18,858
up €18,858 (+150%), from €12,613 to €31,472
- Depreciation +€9,595
up €9,595 (+397%), from €2,420 to €12,014
- Financial income +€4,846
up €4,846 (+7,585%), from €64 to €4,910
- Financial charges +€4,611
up €4,611 (+226%), from €2,044 to €6,656
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 | €199,747 | €732,800 | +€533,053 | +267% |
| Fixed assets | 21/28 | €32,288 | €353,810 | +€321,522 | +996% |
| Intangible fixed assets | 21 | - | €323,969 | +€323,969 | |
| Tangible fixed assets | 22/27 | €32,288 | €27,721 | -€4,567 | -14.1% |
| Land and buildings | 22 | €4,429 | €4,202 | -€227 | -5.1% |
| Plant, machinery and equipment | 23 | €6,190 | €6,593 | +€403 | +6.5% |
| Furniture and vehicles | 24 | €21,669 | €16,926 | -€4,743 | -21.9% |
| Financial fixed assets | 28 | - | €2,120 | +€2,120 | |
| Current assets | 29/58 | €167,459 | €378,990 | +€211,531 | +126% |
| Stocks and contracts in progress | 3 | - | €64,593 | +€64,593 | |
| Stocks | 30/36 | - | €64,593 | +€64,593 | |
| Amounts receivable within one year | 40/41 | €149,831 | €307,415 | +€157,584 | +105% |
| Trade receivables | 40 | €93,930 | €166,558 | +€72,628 | +77.3% |
| Other amounts receivable | 41 | €55,901 | €140,857 | +€84,956 | +152% |
| Cash at bank and in hand | 54/58 | €17,629 | €6,982 | -€10,647 | -60.4% |
| Total equity and liabilities | 10/49 | €199,747 | €732,800 | +€533,053 | +267% |
| Equity | 10/15 | €34,420 | €107,871 | +€73,451 | +213% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,420 | €105,871 | +€73,451 | +227% |
| Amounts payable | 17/49 | €165,327 | €624,929 | +€459,602 | +278% |
| Amounts payable after more than one year | 17 | - | €8,741 | +€8,741 | |
| Financial debts | 170/4 | - | €8,741 | +€8,741 | |
| Amounts payable within one year | 42/48 | €165,300 | €616,188 | +€450,888 | +273% |
| Current portion of amounts payable after more than one year | 42 | - | €12,678 | +€12,678 | |
| Trade debts | 44 | €108,533 | €182,067 | +€73,534 | +67.8% |
| Suppliers | 440/4 | €108,533 | €182,067 | +€73,534 | +67.8% |
| Taxes, remuneration and social security | 45 | €27,555 | €68,421 | +€40,867 | +148% |
| Taxes | 450/3 | €27,555 | €66,921 | +€39,367 | +143% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €29,212 | €353,023 | +€323,811 | +1,108% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,420 | €12,014 | +€9,595 | +397% |
| Other operating charges | 640/8 | €27 | €3,677 | +€3,650 | +13,291% |
| Gross operating margin | 9900 | €49,461 | €122,359 | +€72,898 | +147% |
| Operating profit (loss) | 9901 | €47,014 | €106,668 | +€59,654 | +127% |
| Financial income | 75/76B | €64 | €4,910 | +€4,846 | +7,585% |
| Recurring financial income | 75 | €64 | €4,910 | +€4,846 | +7,585% |
| Financial charges | 65/66B | €2,044 | €6,656 | +€4,611 | +226% |
| Recurring financial charges | 65 | €2,044 | €6,656 | +€4,611 | +226% |
| Profit (loss) for the period before taxes | 9903 | €45,034 | €104,922 | +€59,889 | +133% |
| Income taxes | 67/77 | €12,613 | €31,472 | +€18,858 | +150% |
| Profit (loss) for the period | 9904 | €32,420 | €73,451 | +€41,030 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €32,420 | €73,451 | +€41,030 | +127% |
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 20 October 2026 via checked.be.