ARTCADE: what changed
Two fiscal 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.
ARTCADE
Largest movements
- Current investments -€33,934
down €33,934 (-50.0%), from €67,867 to €33,933
- Tangible fixed assets -€28,136
down €28,136 (-17.6%), from €160,154 to €132,018
- Cash +€16,696
up €16,696 (+3393.5%), from €492 to €17,188
mainly Current portion of long-term debt (+€50,252) and Current investments (+€33,934)
- Other debts -€93,755
down €93,755 (-21.6%), from €433,207 to €339,452
- Current portion of long-term debt +€50,252
new in 2025: €50,252
- Financial charges +€1,621
up €1,621 (+4.7%), from €34,127 to €35,748
- Gross operating margin -€1,610
down €1,610 (-2.3%), from €70,468 to €68,858
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.
Cash bridge derived
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 | €369,443 | €322,161 | -€47,282 | -12.8% |
| Fixed assets | 21/28 | €160,886 | €132,750 | -€28,136 | -17.5% |
| Tangible fixed assets | 22/27 | €160,154 | €132,018 | -€28,136 | -17.6% |
| Land and buildings | 22 | €160,154 | €132,018 | -€28,136 | -17.6% |
| Financial fixed assets | 28 | €732 | €732 | = | 0.0% |
| Current assets | 29/58 | €208,557 | €189,411 | -€19,146 | -9.2% |
| Stocks and contracts in progress | 3 | €136,915 | €136,915 | = | 0.0% |
| Stocks | 30/36 | €136,915 | €136,915 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,553 | €624 | -€1,929 | -75.6% |
| Trade receivables | 40 | €2,070 | - | -€2,070 | |
| Other amounts receivable | 41 | €483 | €624 | +€141 | +29.2% |
| Current investments | 50/53 | €67,867 | €33,933 | -€33,934 | -50.0% |
| Cash at bank and in hand | 54/58 | €492 | €17,188 | +€16,696 | +3393.5% |
| Deferred charges and accrued income | 490/1 | €730 | €751 | +€21 | +2.9% |
| Total equity and liabilities | 10/49 | €369,443 | €322,161 | -€47,282 | -12.8% |
| Equity | 10/15 | -€73,020 | -€74,860 | -€1,840 | -2.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€629,825 | -€631,665 | -€1,840 | -0.3% |
| Amounts payable | 17/49 | €442,463 | €397,021 | -€45,442 | -10.3% |
| Amounts payable within one year | 42/48 | €435,663 | €390,221 | -€45,442 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | - | €50,252 | +€50,252 | |
| Trade debts | 44 | €2,456 | €517 | -€1,939 | -78.9% |
| Suppliers | 440/4 | €2,456 | €517 | -€1,939 | -78.9% |
| Other amounts payable | 47/48 | €433,207 | €339,452 | -€93,755 | -21.6% |
| Accrued charges and deferred income | 492/3 | €6,800 | €6,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,313 | €28,136 | -€177 | -0.6% |
| Other operating charges | 640/8 | €7,004 | €6,814 | -€190 | -2.7% |
| Gross operating margin | 9900 | €70,468 | €68,858 | -€1,610 | -2.3% |
| Operating profit (loss) | 9901 | €35,151 | €33,908 | -€1,243 | -3.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €34,127 | €35,748 | +€1,621 | +4.7% |
| Recurring financial charges | 65 | €34,127 | €35,748 | +€1,621 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €1,025 | -€1,840 | -€2,865 | |
| Profit (loss) for the period | 9904 | €1,025 | -€1,840 | -€2,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,025 | -€1,840 | -€2,865 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.