ART430: 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.
ART430
Largest movements
- Tangible fixed assets -€13,416
down €13,416 (-2.1%), from €643,655 to €630,240
- Profit (loss) carried forward +€43,045
up €43,045 (+29.1%), from €148,175 to €191,220
- Debts after one year -€40,532
down €40,532 (-12.8%), from €315,702 to €275,169
- Current portion of long-term debt -€20,793
down €20,793 (-23.7%), from €87,769 to €66,976
- Tax, wage and social debts +€16,936
up €16,936 (+99.0%), from €17,111 to €34,047
- Trade debts -€11,384
down €11,384 (-99.6%), from €11,431 to €47
- Gross operating margin -€7,173
down €7,173 (-7.2%), from €99,891 to €92,718
- Financial charges -€2,540
down €2,540 (-18.9%), from €13,458 to €10,918
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 | €676,937 | €661,222 | -€15,716 | -2.3% |
| Fixed assets | 21/28 | €643,655 | €630,240 | -€13,416 | -2.1% |
| Tangible fixed assets | 22/27 | €643,655 | €630,240 | -€13,416 | -2.1% |
| Land and buildings | 22 | €643,655 | €630,240 | -€13,416 | -2.1% |
| Current assets | 29/58 | €33,282 | €30,982 | -€2,300 | -6.9% |
| Amounts receivable within one year | 40/41 | €12,000 | €12,000 | = | 0.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,012 | €9,712 | -€2,300 | -19.1% |
| Deferred charges and accrued income | 490/1 | €9,270 | €9,270 | = | 0.0% |
| Total equity and liabilities | 10/49 | €676,937 | €661,222 | -€15,716 | -2.3% |
| Equity | 10/15 | €239,775 | €282,820 | +€43,045 | +18.0% |
| Contributions | 10/11 | €91,600 | €91,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,175 | €191,220 | +€43,045 | +29.1% |
| Amounts payable | 17/49 | €437,162 | €378,402 | -€58,761 | -13.4% |
| Amounts payable after more than one year | 17 | €315,702 | €275,169 | -€40,532 | -12.8% |
| Financial debts | 170/4 | €315,702 | €275,169 | -€40,532 | -12.8% |
| Amounts payable within one year | 42/48 | €121,461 | €103,232 | -€18,228 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €87,769 | €66,976 | -€20,793 | -23.7% |
| Trade debts | 44 | €11,431 | €47 | -€11,384 | -99.6% |
| Suppliers | 440/4 | €11,431 | €47 | -€11,384 | -99.6% |
| Taxes, remuneration and social security | 45 | €17,111 | €34,047 | +€16,936 | +99.0% |
| Taxes | 450/3 | €17,111 | €34,047 | +€16,936 | +99.0% |
| Other amounts payable | 47/48 | €5,150 | €2,161 | -€2,988 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,984 | €13,416 | -€568 | -4.1% |
| Other operating charges | 640/8 | €9,657 | €9,670 | +€12 | +0.1% |
| Gross operating margin | 9900 | €99,891 | €92,718 | -€7,173 | -7.2% |
| Operating profit (loss) | 9901 | €76,250 | €69,633 | -€6,618 | -8.7% |
| Financial charges | 65/66B | €13,458 | €10,918 | -€2,540 | -18.9% |
| Recurring financial charges | 65 | €13,458 | €10,918 | -€2,540 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €62,792 | €58,714 | -€4,078 | -6.5% |
| Income taxes | 67/77 | €15,856 | €15,669 | -€186 | -1.2% |
| Profit (loss) for the period | 9904 | €46,936 | €43,045 | -€3,891 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,936 | €43,045 | -€3,891 | -8.3% |
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 14 October 2026 via checked.be.