Artdeco: 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.
Artdeco
Largest movements
- Financial fixed assets -€4.8m
down €4.8m (-93.9%), from €5.1m to €310,000
- Stocks and contracts +€300,318
new in 2025: €300,318
- Intangible fixed assets +€298,597
new in 2025: €298,597
- Receivables within one year -€191,636
down €191,636 (-80.2%), from €238,930 to €47,294
of which Other amounts receivable: -€182,882
- Profit (loss) carried forward -€5.4m
down €5.4m (-304.9%), from -€1.8m to -€7.2m
- Contributions +€4.9m
up €4.9m (+391.5%), from €1.2m to €6.1m
- Debts after one year -€2.9m
down €2.9m (-85.7%), from €3.4m to €477,577
of which Financial debts: -€2.1m
- Accrued charges and deferred income -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Trade debts +€311,852
up €311,852 (+1494.4%), from €20,868 to €332,720
- Financial charges +€6.2m
up €6.2m (+3413.9%), from €181,377 to €6.4m
of which Non-recurring financial charges: +€6.4m
- Financial income +€1.9m
new in 2025: €1.9m
- Provisions -€1.3m
new in 2025: -€1.3m
- Other operating charges +€857,099
up €857,099 (+610034.7%), from €141 to €857,239
- Gross operating margin -€72,134
down €72,134 (-925.6%), from -€7,793 to -€79,927
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,306,244 | €994,198 | -€4.3m | -81.3% |
| Fixed assets | 21/28 | €5,063,145 | €618,597 | -€4.4m | -87.8% |
| Intangible fixed assets | 21 | - | €298,597 | +€298,597 | |
| Tangible fixed assets | 22/27 | - | €10,000 | +€10,000 | |
| Furniture and vehicles | 24 | - | €10,000 | +€10,000 | |
| Financial fixed assets | 28 | €5,063,145 | €310,000 | -€4.8m | -93.9% |
| Current assets | 29/58 | €243,099 | €375,601 | +€132,503 | +54.5% |
| Stocks and contracts in progress | 3 | - | €300,318 | +€300,318 | |
| Stocks | 30/36 | - | €300,318 | +€300,318 | |
| Amounts receivable within one year | 40/41 | €238,930 | €47,294 | -€191,636 | -80.2% |
| Trade receivables | 40 | €8,754 | €0 | -€8,754 | -100.0% |
| Other amounts receivable | 41 | €230,176 | €47,294 | -€182,882 | -79.5% |
| Cash at bank and in hand | 54/58 | €3,684 | €27,504 | +€23,821 | +646.7% |
| Deferred charges and accrued income | 490/1 | €485 | €485 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,306,244 | €994,198 | -€4.3m | -81.3% |
| Equity | 10/15 | €384,851 | -€173,575 | -€558,426 | |
| Contributions | 10/11 | €1,245,000 | €6,118,632 | +€4.9m | +391.5% |
| Reserves | 13 | €921,393 | €921,393 | = | 0.0% |
| Distributable reserves | 133 | €921,393 | €921,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,781,543 | -€7,213,600 | -€5.4m | -304.9% |
| Amounts payable | 17/49 | €4,921,393 | €1,167,773 | -€3.8m | -76.3% |
| Amounts payable after more than one year | 17 | €3,350,212 | €477,577 | -€2.9m | -85.7% |
| Financial debts | 170/4 | €2,550,212 | €477,577 | -€2.1m | -81.3% |
| Other amounts payable | 178/9 | €800,000 | - | -€800,000 | |
| Amounts payable within one year | 42/48 | €228,858 | €690,196 | +€461,338 | +201.6% |
| Trade debts | 44 | €20,868 | €332,720 | +€311,852 | +1494.4% |
| Suppliers | 440/4 | €20,868 | €332,720 | +€311,852 | +1494.4% |
| Taxes, remuneration and social security | 45 | €2,990 | €8,232 | +€5,242 | +175.3% |
| Taxes | 450/3 | €2,990 | €8,232 | +€5,242 | +175.3% |
| Other amounts payable | 47/48 | €205,000 | €349,244 | +€144,244 | +70.4% |
| Accrued charges and deferred income | 492/3 | €1,342,323 | €0 | -€1.3m | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,309,524 | -€1.3m | |
| Other operating charges | 640/8 | €141 | €857,239 | +€857,099 | +610034.7% |
| Non-recurring operating charges | 66A | - | €1,342,323 | +€1.3m | |
| Gross operating margin | 9900 | -€7,793 | -€79,927 | -€72,134 | -925.6% |
| Operating profit (loss) | 9901 | -€7,933 | -€969,965 | -€962,031 | -12126.4% |
| Financial income | 75/76B | - | €1,911,225 | +€1.9m | |
| Recurring financial income | 75 | - | €1,911,225 | +€1.9m | |
| Financial charges | 65/66B | €181,377 | €6,373,319 | +€6.2m | +3413.9% |
| Recurring financial charges | 65 | €181,377 | €651 | -€180,726 | -99.6% |
| Non-recurring financial charges | 66B | - | €6,372,668 | +€6.4m | |
| Profit (loss) for the period before taxes | 9903 | -€189,310 | -€5,432,058 | -€5.2m | -2769.4% |
| Profit (loss) for the period | 9904 | -€189,310 | -€5,432,058 | -€5.2m | -2769.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,310 | -€5,432,058 | -€5.2m | -2769.4% |
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 9 October 2026 via checked.be.