ART VEKA: what changed
ART VEKA
Largest movements
- Receivables within one year -€69,833
down €69,833 (-42.8%), from €163,128 to €93,295
of which Trade receivables: -€78,425
- Tangible fixed assets +€6,910
new in 2025: €6,910
- Cash -€4,531
down €4,531 (-49.3%), from €9,199 to €4,668
mainly Trade debts (-€61,390) and Other debts (-€37,785)
- Trade debts -€61,390
down €61,390 (-78.2%), from €78,454 to €17,065
- Other debts -€37,785
no longer reported in 2025 (was €37,785)
- Debts after one year +€23,863
new in 2025: €23,863
- Tax, wage and social debts +€11,893
up €11,893 (+109%), from €10,938 to €22,831
of which Remuneration and social security: +€10,975
- Profit (loss) carried forward -€4,035
down €4,035 (-9.2%), from €43,650 to €39,614
- Turnover +€136,490
new in 2025: €136,490
- Purchases and services +€111,341
new in 2025: €111,341
- Staff costs +€19,557
up €19,557 (+289%), from €6,771 to €26,328
- Gross operating margin -€9,812
down €9,812 (-28.1%), from €34,961 to €25,149
- Taxes -€5,883
no longer reported in 2025 (was €5,883)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,327 | €104,872 | -€67,454 | -39.1% |
| Fixed assets | 21/28 | - | €6,910 | +€6,910 | |
| Tangible fixed assets | 22/27 | - | €6,910 | +€6,910 | |
| Furniture and vehicles | 24 | - | €6,910 | +€6,910 | |
| Current assets | 29/58 | €172,327 | €97,962 | -€74,365 | -43.2% |
| Amounts receivable within one year | 40/41 | €163,128 | €93,295 | -€69,833 | -42.8% |
| Trade receivables | 40 | €158,907 | €80,482 | -€78,425 | -49.4% |
| Other amounts receivable | 41 | €4,220 | €12,813 | +€8,592 | +204% |
| Cash at bank and in hand | 54/58 | €9,199 | €4,668 | -€4,531 | -49.3% |
| Total equity and liabilities | 10/49 | €172,327 | €104,872 | -€67,454 | -39.1% |
| Equity | 10/15 | €45,150 | €41,114 | -€4,035 | -8.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,650 | €39,614 | -€4,035 | -9.2% |
| Amounts payable | 17/49 | €127,177 | €63,758 | -€63,419 | -49.9% |
| Amounts payable after more than one year | 17 | - | €23,863 | +€23,863 | |
| Financial debts | 170/4 | - | €23,863 | +€23,863 | |
| Amounts payable within one year | 42/48 | €127,177 | €39,895 | -€87,282 | -68.6% |
| Trade debts | 44 | €78,454 | €17,065 | -€61,390 | -78.2% |
| Suppliers | 440/4 | €78,454 | €17,065 | -€61,390 | -78.2% |
| Taxes, remuneration and social security | 45 | €10,938 | €22,831 | +€11,893 | +109% |
| Taxes | 450/3 | €5,883 | €6,800 | +€917 | +15.6% |
| Remuneration and social security | 454/9 | €5,055 | €16,031 | +€10,975 | +217% |
| Other amounts payable | 47/48 | €37,785 | - | -€37,785 | |
| Turnover | 70 | - | €136,490 | +€136,490 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €111,341 | +€111,341 | |
| Remuneration, social security and pensions | 62 | €6,771 | €26,328 | +€19,557 | +289% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,131 | +€1,131 | |
| Other operating charges | 640/8 | €1,058 | €1,002 | -€56 | -5.3% |
| Gross operating margin | 9900 | €34,961 | €25,149 | -€9,812 | -28.1% |
| Operating profit (loss) | 9901 | €27,132 | -€3,311 | -€30,443 | |
| Financial charges | 65/66B | €148 | €724 | +€576 | +389% |
| Recurring financial charges | 65 | €148 | €724 | +€576 | +389% |
| Profit (loss) for the period before taxes | 9903 | €26,984 | -€4,035 | -€31,019 | |
| Income taxes | 67/77 | €5,883 | - | -€5,883 | |
| Profit (loss) for the period | 9904 | €21,102 | -€4,035 | -€25,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,102 | -€4,035 | -€25,137 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.