ARTE E GUSTO M: 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.
ARTE E GUSTO M
Largest movements
- Tangible fixed assets -€11,311
down €11,311 (-88.4%), from €12,799 to €1,488
of which Furniture and vehicles: -€11,265
- Receivables within one year -€1,092
down €1,092 (-29.5%), from €3,701 to €2,610
of which Trade receivables: -€786
- Profit (loss) carried forward -€7,794
down €7,794 (-54.1%), from -€14,415 to -€22,209
- Debts after one year -€4,338
down €4,338 (-42.3%), from €10,248 to €5,910
- Trade debts -€2,120
down €2,120 (-19.7%), from €10,782 to €8,662
- Other debts +€1,194
up €1,194 (+146%), from €818 to €2,012
- Tax, wage and social debts +€871
up €871 (+339%), from €257 to €1,127
- Depreciation -€5,562
down €5,562 (-33.0%), from €16,873 to €11,311
- Financial charges +€2,400
up €2,400 (+114%), from €2,098 to €4,499
- Gross operating margin +€286
up €286 (+2.9%), from €9,951 to €10,237
- Other operating charges -€285
down €285 (-12.1%), from €2,365 to €2,079
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,711 | €4,260 | -€12,450 | -74.5% |
| Fixed assets | 21/28 | €12,850 | €1,488 | -€11,362 | -88.4% |
| Tangible fixed assets | 22/27 | €12,799 | €1,488 | -€11,311 | -88.4% |
| Plant, machinery and equipment | 23 | €47 | - | -€47 | |
| Furniture and vehicles | 24 | €12,752 | €1,488 | -€11,265 | -88.3% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €3,861 | €2,772 | -€1,089 | -28.2% |
| Amounts receivable within one year | 40/41 | €3,701 | €2,610 | -€1,092 | -29.5% |
| Trade receivables | 40 | €3,386 | €2,600 | -€786 | -23.2% |
| Other amounts receivable | 41 | €315 | €10 | -€305 | -96.9% |
| Deferred charges and accrued income | 490/1 | €160 | €162 | +€3 | +1.8% |
| Total equity and liabilities | 10/49 | €16,711 | €4,260 | -€12,450 | -74.5% |
| Equity | 10/15 | -€11,415 | -€19,209 | -€7,794 | -68.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,415 | -€22,209 | -€7,794 | -54.1% |
| Amounts payable | 17/49 | €28,126 | €23,469 | -€4,657 | -16.6% |
| Amounts payable after more than one year | 17 | €10,248 | €5,910 | -€4,338 | -42.3% |
| Financial debts | 170/4 | €10,248 | €5,910 | -€4,338 | -42.3% |
| Amounts payable within one year | 42/48 | €17,877 | €17,558 | -€319 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €4,018 | €4,338 | +€319 | +8.0% |
| Financial debts | 43 | €2,003 | €1,419 | -€583 | -29.1% |
| Other loans | 439 | €2,003 | €1,419 | -€583 | -29.1% |
| Trade debts | 44 | €10,782 | €8,662 | -€2,120 | -19.7% |
| Suppliers | 440/4 | €10,782 | €8,662 | -€2,120 | -19.7% |
| Taxes, remuneration and social security | 45 | €257 | €1,127 | +€871 | +339% |
| Taxes | 450/3 | €257 | €1,127 | +€871 | +339% |
| Other amounts payable | 47/48 | €818 | €2,012 | +€1,194 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,873 | €11,311 | -€5,562 | -33.0% |
| Other operating charges | 640/8 | €2,365 | €2,079 | -€285 | -12.1% |
| Gross operating margin | 9900 | €9,951 | €10,237 | +€286 | +2.9% |
| Operating profit (loss) | 9901 | -€9,287 | -€3,154 | +€6,132 | +66.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,098 | €4,499 | +€2,400 | +114% |
| Recurring financial charges | 65 | €2,098 | €4,499 | +€2,400 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€11,382 | -€7,653 | +€3,729 | +32.8% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,522 | -€7,794 | +€3,728 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,522 | -€7,794 | +€3,728 | +32.4% |
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 22 October 2026 via checked.be.