ARTDRAPE: 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.
ARTDRAPE
Largest movements
- Cash +€33,407
up €33,407 (+123%), from €27,134 to €60,541
mainly Depreciation (+€58,425) and Net result for the year (+€46,374)
- Receivables within one year -€19,986
down €19,986 (-42.6%), from €46,938 to €26,952
of which Trade receivables: -€10,346
- Tangible fixed assets -€12,538
down €12,538 (-3.2%), from €393,235 to €380,697
of which Furniture and vehicles: -€22,134
- Stocks and contracts +€10,110
up €10,110 (+14.6%), from €69,124 to €79,234
- Debts after one year -€30,951
down €30,951 (-21.1%), from €146,685 to €115,734
- Reserves +€21,374
up €21,374 (+7.0%), from €307,077 to €328,451
of which Distributable reserves: +€21,374
- Tax, wage and social debts +€7,313
up €7,313 (+49.0%), from €14,933 to €22,247
of which Taxes: +€6,009
- Trade debts +€5,744
up €5,744 (+27.2%), from €21,128 to €26,871
- Gross operating margin +€53,833
up €53,833 (+48.5%), from €110,889 to €164,722
- Taxes +€12,658
up €12,658 (+180%), from €7,045 to €19,703
- Staff costs +€6,162
up €6,162 (+25.1%), from €24,527 to €30,689
- Depreciation +€5,147
up €5,147 (+9.7%), from €53,278 to €58,425
- Other operating charges -€3,718
down €3,718 (-48.1%), from €7,738 to €4,020
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 | €549,275 | €556,648 | +€7,373 | +1.3% |
| Fixed assets | 21/28 | €393,235 | €380,697 | -€12,538 | -3.2% |
| Tangible fixed assets | 22/27 | €393,235 | €380,697 | -€12,538 | -3.2% |
| Land and buildings | 22 | €349,120 | €365,276 | +€16,156 | +4.6% |
| Plant, machinery and equipment | 23 | €15,420 | €8,860 | -€6,560 | -42.5% |
| Furniture and vehicles | 24 | €28,695 | €6,561 | -€22,134 | -77.1% |
| Current assets | 29/58 | €156,040 | €175,951 | +€19,910 | +12.8% |
| Stocks and contracts in progress | 3 | €69,124 | €79,234 | +€10,110 | +14.6% |
| Stocks | 30/36 | €69,124 | €79,234 | +€10,110 | +14.6% |
| Amounts receivable within one year | 40/41 | €46,938 | €26,952 | -€19,986 | -42.6% |
| Trade receivables | 40 | €35,707 | €25,360 | -€10,346 | -29.0% |
| Other amounts receivable | 41 | €11,232 | €1,592 | -€9,639 | -85.8% |
| Cash at bank and in hand | 54/58 | €27,134 | €60,541 | +€33,407 | +123% |
| Deferred charges and accrued income | 490/1 | €12,845 | €9,224 | -€3,621 | -28.2% |
| Total equity and liabilities | 10/49 | €549,275 | €556,648 | +€7,373 | +1.3% |
| Equity | 10/15 | €330,540 | €351,914 | +€21,374 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,077 | €328,451 | +€21,374 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €305,217 | €326,591 | +€21,374 | +7.0% |
| Profit (loss) carried forward | 14 | €4,863 | €4,863 | = | 0.0% |
| Amounts payable | 17/49 | €218,736 | €204,734 | -€14,002 | -6.4% |
| Amounts payable after more than one year | 17 | €146,685 | €115,734 | -€30,951 | -21.1% |
| Financial debts | 170/4 | €146,685 | €115,734 | -€30,951 | -21.1% |
| Amounts payable within one year | 42/48 | €70,547 | €83,554 | +€13,007 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €33,476 | €33,618 | +€141 | +0.4% |
| Trade debts | 44 | €21,128 | €26,871 | +€5,744 | +27.2% |
| Suppliers | 440/4 | €21,128 | €26,871 | +€5,744 | +27.2% |
| Taxes, remuneration and social security | 45 | €14,933 | €22,247 | +€7,313 | +49.0% |
| Taxes | 450/3 | €7,723 | €13,732 | +€6,009 | +77.8% |
| Remuneration and social security | 454/9 | €7,211 | €8,515 | +€1,304 | +18.1% |
| Other amounts payable | 47/48 | €1,009 | €818 | -€191 | -18.9% |
| Accrued charges and deferred income | 492/3 | €1,504 | €5,446 | +€3,942 | +262% |
| Remuneration, social security and pensions | 62 | €24,527 | €30,689 | +€6,162 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,278 | €58,425 | +€5,147 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,614 | €1,076 | -€539 | -33.4% |
| Other operating charges | 640/8 | €7,738 | €4,020 | -€3,718 | -48.1% |
| Gross operating margin | 9900 | €110,889 | €164,722 | +€53,833 | +48.5% |
| Operating profit (loss) | 9901 | €23,730 | €70,512 | +€46,781 | +197% |
| Financial income | 75/76B | €1,056 | €192 | -€863 | -81.8% |
| Recurring financial income | 75 | €1,056 | €192 | -€863 | -81.8% |
| Financial charges | 65/66B | €5,518 | €4,627 | -€891 | -16.1% |
| Recurring financial charges | 65 | €5,518 | €4,627 | -€891 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €19,269 | €66,077 | +€46,809 | +243% |
| Income taxes | 67/77 | €7,045 | €19,703 | +€12,658 | +180% |
| Profit (loss) for the period | 9904 | €12,223 | €46,374 | +€34,151 | +279% |
| Profit (loss) for the period to be appropriated | 9905 | €12,223 | €46,374 | +€34,151 | +279% |
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 29 October 2026 via checked.be.