Art-Wod: 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-Wod
Largest movements
- Cash +€170,651
up €170,651 (+55.3%), from €308,712 to €479,363
mainly Debts after one year (+€167,505) and Net result for the year (+€157,393)
- Intangible fixed assets +€169,560
up €169,560 (+947%), from €17,896 to €187,455
- Receivables within one year -€15,182
down €15,182 (-44.2%), from €34,348 to €19,166
of which Trade receivables: -€22,906
- Debts after one year +€167,505
new in 2025: €167,505
- Other debts +€99,055
up €99,055 (+832%), from €11,909 to €110,964
- Trade debts -€48,658
down €48,658 (-65.1%), from €74,726 to €26,068
- Profit (loss) carried forward +€47,393
up €47,393 (+17.5%), from €271,388 to €318,781
- Tax, wage and social debts +€42,470
up €42,470, from €0 to €42,470
- Gross operating margin +€170,002
up €170,002 (+237%), from €71,654 to €241,657
- Depreciation +€35,480
up €35,480 (+262%), from €13,520 to €49,000
- Taxes +€25,316
new in 2025: €25,316
- Financial charges +€9,024
up €9,024 (+2,424%), from €372 to €9,396
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 | €364,325 | €691,449 | +€327,124 | +89.8% |
| Fixed assets | 21/28 | €19,464 | €192,920 | +€173,457 | +891% |
| Intangible fixed assets | 21 | €17,896 | €187,455 | +€169,560 | +947% |
| Tangible fixed assets | 22/27 | €218 | €3,590 | +€3,372 | +1,546% |
| Plant, machinery and equipment | 23 | €218 | €3,590 | +€3,372 | +1,546% |
| Financial fixed assets | 28 | €1,350 | €1,875 | +€525 | +38.9% |
| Current assets | 29/58 | €344,861 | €498,529 | +€153,668 | +44.6% |
| Amounts receivable within one year | 40/41 | €34,348 | €19,166 | -€15,182 | -44.2% |
| Trade receivables | 40 | €24,706 | €1,800 | -€22,906 | -92.7% |
| Other amounts receivable | 41 | €9,642 | €17,366 | +€7,724 | +80.1% |
| Cash at bank and in hand | 54/58 | €308,712 | €479,363 | +€170,651 | +55.3% |
| Deferred charges and accrued income | 490/1 | €1,802 | - | -€1,802 | |
| Total equity and liabilities | 10/49 | €364,325 | €691,449 | +€327,124 | +89.8% |
| Equity | 10/15 | €274,388 | €321,781 | +€47,393 | +17.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,388 | €318,781 | +€47,393 | +17.5% |
| Amounts payable | 17/49 | €89,937 | €369,668 | +€279,731 | +311% |
| Amounts payable after more than one year | 17 | - | €167,505 | +€167,505 | |
| Financial debts | 170/4 | - | €167,505 | +€167,505 | |
| Amounts payable within one year | 42/48 | €89,937 | €202,163 | +€112,226 | +125% |
| Current portion of amounts payable after more than one year | 42 | - | €15,495 | +€15,495 | |
| Financial debts | 43 | €3,301 | €5,031 | +€1,729 | +52.4% |
| Credit institutions | 430/8 | €3,301 | €5,031 | +€1,729 | +52.4% |
| Trade debts | 44 | €74,726 | €26,068 | -€48,658 | -65.1% |
| Suppliers | 440/4 | €74,726 | €26,068 | -€48,658 | -65.1% |
| Advances received on contracts in progress | 46 | - | €2,135 | +€2,135 | |
| Taxes, remuneration and social security | 45 | €0 | €42,470 | +€42,470 | |
| Taxes | 450/3 | €0 | €42,470 | +€42,470 | |
| Other amounts payable | 47/48 | €11,909 | €110,964 | +€99,055 | +832% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,520 | €49,000 | +€35,480 | +262% |
| Other operating charges | 640/8 | €502 | €631 | +€129 | +25.6% |
| Gross operating margin | 9900 | €71,654 | €241,657 | +€170,002 | +237% |
| Operating profit (loss) | 9901 | €57,632 | €192,025 | +€134,394 | +233% |
| Financial income | 75/76B | €10 | €80 | +€70 | +705% |
| Recurring financial income | 75 | €10 | €80 | +€70 | +705% |
| Financial charges | 65/66B | €372 | €9,396 | +€9,024 | +2,424% |
| Recurring financial charges | 65 | €372 | €9,396 | +€9,024 | +2,424% |
| Profit (loss) for the period before taxes | 9903 | €57,269 | €182,709 | +€125,440 | +219% |
| Income taxes | 67/77 | - | €25,316 | +€25,316 | |
| Profit (loss) for the period | 9904 | €57,269 | €157,393 | +€100,124 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €57,269 | €157,393 | +€100,124 | +175% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.