ARTCADEMIA: 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.
ARTCADEMIA
Largest movements
- Tangible fixed assets -€5,626
down €5,626 (-18.1%), from €31,104 to €25,477
of which Furniture and vehicles: -€5,626
- Stocks and contracts +€5,513
up €5,513 (+15.2%), from €36,262 to €41,775
- Cash +€4,242
up €4,242 (+12.1%), from €35,177 to €39,419
mainly Net result for the year (+€15,209) and Depreciation (+€6,835)
- Deferred charges and accrued income -€3,320
down €3,320 (-36.1%), from €9,193 to €5,872
- Reserves +€15,209
up €15,209 (+55.1%), from €27,624 to €42,834
- Trade debts -€12,814
down €12,814 (-74.4%), from €17,218 to €4,403
- Debts after one year -€4,903
down €4,903 (-32.1%), from €15,277 to €10,374
- Tax, wage and social debts +€4,697
up €4,697 (+33.8%), from €13,880 to €18,577
of which Taxes: +€7,156
- Depreciation +€5,904
up €5,904 (+634%), from €931 to €6,835
- Staff costs +€1,358
up €1,358 (+4.3%), from €31,597 to €32,955
- Taxes -€1,323
down €1,323 (-17.2%), from €7,711 to €6,388
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 | €114,547 | €114,148 | -€400 | -0.3% |
| Fixed assets | 21/28 | €31,823 | €26,077 | -€5,746 | -18.1% |
| Intangible fixed assets | 21 | €120 | - | -€120 | |
| Tangible fixed assets | 22/27 | €31,104 | €25,477 | -€5,626 | -18.1% |
| Furniture and vehicles | 24 | €30,484 | €24,857 | -€5,626 | -18.5% |
| Assets under construction and advance payments | 27 | €620 | €620 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €82,724 | €88,070 | +€5,346 | +6.5% |
| Stocks and contracts in progress | 3 | €36,262 | €41,775 | +€5,513 | +15.2% |
| Stocks | 30/36 | €36,262 | €41,775 | +€5,513 | +15.2% |
| Amounts receivable within one year | 40/41 | €2,092 | €1,004 | -€1,088 | -52.0% |
| Trade receivables | 40 | €1,425 | €337 | -€1,088 | -76.4% |
| Other amounts receivable | 41 | €667 | €667 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,177 | €39,419 | +€4,242 | +12.1% |
| Deferred charges and accrued income | 490/1 | €9,193 | €5,872 | -€3,320 | -36.1% |
| Total equity and liabilities | 10/49 | €114,547 | €114,148 | -€400 | -0.3% |
| Equity | 10/15 | €49,523 | €63,900 | +€14,376 | +29.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,624 | €42,834 | +€15,209 | +55.1% |
| Distributable reserves | 133 | €27,624 | €42,834 | +€15,209 | +55.1% |
| Profit (loss) carried forward | 14 | €1,899 | €1,066 | -€833 | -43.9% |
| Amounts payable | 17/49 | €65,024 | €50,248 | -€14,776 | -22.7% |
| Amounts payable after more than one year | 17 | €15,277 | €10,374 | -€4,903 | -32.1% |
| Financial debts | 170/4 | €15,277 | €10,374 | -€4,903 | -32.1% |
| Amounts payable within one year | 42/48 | €49,747 | €39,874 | -€9,873 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €4,723 | €4,903 | +€180 | +3.8% |
| Trade debts | 44 | €17,218 | €4,403 | -€12,814 | -74.4% |
| Suppliers | 440/4 | €17,218 | €4,403 | -€12,814 | -74.4% |
| Advances received on contracts in progress | 46 | €9,000 | €8,000 | -€1,000 | -11.1% |
| Taxes, remuneration and social security | 45 | €13,880 | €18,577 | +€4,697 | +33.8% |
| Taxes | 450/3 | €3,178 | €10,335 | +€7,156 | +225% |
| Remuneration and social security | 454/9 | €10,702 | €8,243 | -€2,459 | -23.0% |
| Other amounts payable | 47/48 | €4,926 | €3,990 | -€936 | -19.0% |
| Remuneration, social security and pensions | 62 | €31,597 | €32,955 | +€1,358 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €6,835 | +€5,904 | +634% |
| Other operating charges | 640/8 | €804 | €635 | -€168 | -20.9% |
| Gross operating margin | 9900 | €64,550 | €64,227 | -€324 | -0.5% |
| Operating profit (loss) | 9901 | €31,218 | €23,801 | -€7,417 | -23.8% |
| Financial income | 75/76B | €20 | €20 | +€0 | +0.4% |
| Recurring financial income | 75 | €20 | €20 | +€0 | +0.4% |
| Financial charges | 65/66B | €2,346 | €2,224 | -€122 | -5.2% |
| Recurring financial charges | 65 | €2,346 | €2,224 | -€122 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €28,892 | €21,598 | -€7,295 | -25.2% |
| Income taxes | 67/77 | €7,711 | €6,388 | -€1,323 | -17.2% |
| Profit (loss) for the period | 9904 | €21,181 | €15,209 | -€5,972 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,181 | €15,209 | -€5,972 | -28.2% |
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 23 October 2026 via checked.be.