Art Vision Services: 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 Vision Services
Largest movements
- Tangible fixed assets -€37,636
down €37,636 (-14.6%), from €258,555 to €220,920
of which Land and buildings: -€22,120
- Receivables within one year -€14,873
down €14,873 (-6.3%), from €235,904 to €221,031
of which Other amounts receivable: -€15,388
- Other debts -€50,404
down €50,404 (-25.6%), from €196,869 to €146,464
- Debts after one year -€26,108
down €26,108 (-12.2%), from €213,554 to €187,446
- Reserves +€24,037
up €24,037 (+84.5%), from €28,457 to €52,494
of which Distributable reserves: +€24,037
- Gross operating margin +€30,966
up €30,966 (+97.7%), from €31,707 to €62,673
- Depreciation -€6,572
down €6,572 (-18.5%), from €35,465 to €28,893
- Financial charges -€3,574
down €3,574 (-33.6%), from €10,632 to €7,058
- Taxes +€1,603
up €1,603 (+543%), from €296 to €1,899
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 | €496,718 | €442,944 | -€53,774 | -10.8% |
| Fixed assets | 21/28 | €258,555 | €220,920 | -€37,636 | -14.6% |
| Tangible fixed assets | 22/27 | €258,555 | €220,920 | -€37,636 | -14.6% |
| Land and buildings | 22 | €233,126 | €211,006 | -€22,120 | -9.5% |
| Furniture and vehicles | 24 | €9,576 | €343 | -€9,232 | -96.4% |
| Leasing and similar rights | 25 | €15,853 | €9,571 | -€6,283 | -39.6% |
| Current assets | 29/58 | €238,163 | €222,025 | -€16,138 | -6.8% |
| Stocks and contracts in progress | 3 | €207 | - | -€207 | |
| Stocks | 30/36 | €207 | - | -€207 | |
| Amounts receivable within one year | 40/41 | €235,904 | €221,031 | -€14,873 | -6.3% |
| Trade receivables | 40 | - | €515 | +€515 | |
| Other amounts receivable | 41 | €235,904 | €220,516 | -€15,388 | -6.5% |
| Cash at bank and in hand | 54/58 | €854 | €67 | -€787 | -92.2% |
| Deferred charges and accrued income | 490/1 | €1,197 | €927 | -€270 | -22.6% |
| Total equity and liabilities | 10/49 | €496,718 | €442,944 | -€53,774 | -10.8% |
| Equity | 10/15 | €47,057 | €71,094 | +€24,037 | +51.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,457 | €52,494 | +€24,037 | +84.5% |
| Tax-exempt reserves | 132 | €74 | €74 | = | 0.0% |
| Distributable reserves | 133 | €28,382 | €52,419 | +€24,037 | +84.7% |
| Amounts payable | 17/49 | €449,661 | €371,851 | -€77,811 | -17.3% |
| Amounts payable after more than one year | 17 | €213,554 | €187,446 | -€26,108 | -12.2% |
| Financial debts | 170/4 | €213,554 | €187,446 | -€26,108 | -12.2% |
| Amounts payable within one year | 42/48 | €230,357 | €175,904 | -€54,452 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €30,500 | €25,567 | -€4,933 | -16.2% |
| Financial debts | 43 | €1,014 | - | -€1,014 | |
| Credit institutions | 430/8 | €1,014 | - | -€1,014 | |
| Trade debts | 44 | €885 | €2,974 | +€2,089 | +236% |
| Suppliers | 440/4 | €885 | €2,974 | +€2,089 | +236% |
| Taxes, remuneration and social security | 45 | €1,089 | €899 | -€190 | -17.4% |
| Taxes | 450/3 | €1,089 | €899 | -€190 | -17.4% |
| Other amounts payable | 47/48 | €196,869 | €146,464 | -€50,404 | -25.6% |
| Accrued charges and deferred income | 492/3 | €5,750 | €8,500 | +€2,750 | +47.8% |
| Non-recurring operating income | 76A | - | €26,257 | +€26,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,465 | €28,893 | -€6,572 | -18.5% |
| Other operating charges | 640/8 | €1,299 | €787 | -€512 | -39.4% |
| Gross operating margin | 9900 | €31,707 | €62,673 | +€30,966 | +97.7% |
| Operating profit (loss) | 9901 | -€5,056 | €32,994 | +€38,050 | |
| Financial charges | 65/66B | €10,632 | €7,058 | -€3,574 | -33.6% |
| Recurring financial charges | 65 | €10,632 | €7,058 | -€3,574 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,689 | €25,936 | +€41,624 | |
| Income taxes | 67/77 | €296 | €1,899 | +€1,603 | +543% |
| Profit (loss) for the period | 9904 | -€15,984 | €24,037 | +€40,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,984 | €24,037 | +€40,021 |
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 18 October 2026 via checked.be.