Art2Learn: what changed
Art2Learn
Largest movements
- Cash +€9,998
up €9,998 (+204%), from €4,897 to €14,894
mainly Other debts (+€5,216) and Depreciation (+€2,605)
- Receivables within one year -€1,385
down €1,385 (-72.6%), from €1,909 to €524
of which Trade receivables: -€1,385
- Tangible fixed assets -€1,382
down €1,382 (-35.1%), from €3,931 to €2,549
of which Plant, machinery and equipment: -€1,148
- Deferred charges and accrued income -€842
down €842 (-69.7%), from €1,208 to €366
- Formation expenses -€379
down €379 (-100%), from €379 to €0
- Other debts +€5,216
up €5,216 (+133%), from €3,929 to €9,145
- Trade debts +€482
up €482 (+1,232%), from €39 to €521
- Depreciation -€1,036
down €1,036 (-28.4%), from €3,641 to €2,605
- Gross operating margin -€990
down €990 (-21.8%), from €4,533 to €3,543
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 | €13,096 | €19,106 | +€6,010 | +45.9% |
| Formation expenses | 20 | €379 | €0 | -€379 | -100% |
| Fixed assets | 21/28 | €3,931 | €2,549 | -€1,382 | -35.1% |
| Tangible fixed assets | 22/27 | €3,931 | €2,549 | -€1,382 | -35.1% |
| Plant, machinery and equipment | 23 | €2,716 | €1,569 | -€1,148 | -42.3% |
| Furniture and vehicles | 24 | €1,214 | €981 | -€234 | -19.2% |
| Current assets | 29/58 | €8,786 | €16,556 | +€7,770 | +88.4% |
| Stocks and contracts in progress | 3 | €772 | €772 | = | 0.0% |
| Stocks | 30/36 | €772 | €772 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,909 | €524 | -€1,385 | -72.6% |
| Trade receivables | 40 | €1,909 | €524 | -€1,385 | -72.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,897 | €14,894 | +€9,998 | +204% |
| Deferred charges and accrued income | 490/1 | €1,208 | €366 | -€842 | -69.7% |
| Total equity and liabilities | 10/49 | €13,096 | €19,106 | +€6,010 | +45.9% |
| Equity | 10/15 | €8,717 | €8,868 | +€151 | +1.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,717 | €5,868 | +€151 | +2.6% |
| Distributable reserves | 133 | €5,717 | €5,868 | +€151 | +2.6% |
| Amounts payable | 17/49 | €4,379 | €10,238 | +€5,859 | +134% |
| Amounts payable within one year | 42/48 | €4,379 | €10,238 | +€5,859 | +134% |
| Trade debts | 44 | €39 | €521 | +€482 | +1,232% |
| Suppliers | 440/4 | €39 | €521 | +€482 | +1,232% |
| Taxes, remuneration and social security | 45 | €411 | €572 | +€161 | +39.3% |
| Taxes | 450/3 | €411 | €572 | +€161 | +39.3% |
| Other amounts payable | 47/48 | €3,929 | €9,145 | +€5,216 | +133% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,641 | €2,605 | -€1,036 | -28.4% |
| Other operating charges | 640/8 | €675 | €710 | +€34 | +5.1% |
| Gross operating margin | 9900 | €4,533 | €3,543 | -€990 | -21.8% |
| Operating profit (loss) | 9901 | €217 | €228 | +€11 | +5.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €76 | €77 | +€1 | +1.3% |
| Recurring financial charges | 65 | €76 | €77 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €141 | €151 | +€10 | +7.1% |
| Profit (loss) for the period | 9904 | €141 | €151 | +€10 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141 | €151 | +€10 | +7.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.