Arte e Lege: 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 Lege
Largest movements
- Receivables within one year +€19,059
up €19,059 (+530%), from €3,594 to €22,653
- Cash +€4,355
up €4,355 (+42.3%), from €10,301 to €14,656
mainly Net result for the year (+€19,912) and Tax, wage and social debts (+€7,459)
- Tangible fixed assets -€2,362
down €2,362 (-11.5%), from €20,555 to €18,194
of which Furniture and vehicles: -€3,226
- Reserves +€19,912
up €19,912 (+259%), from €7,697 to €27,609
- Tax, wage and social debts +€7,459
up €7,459 (+98.3%), from €7,584 to €15,043
- Debts after one year -€7,091
down €7,091 (-74.4%), from €9,526 to €2,435
- Gross operating margin +€17,727
up €17,727 (+106%), from €16,769 to €34,496
- Taxes +€3,553
up €3,553 (+112%), from €3,185 to €6,738
- Depreciation +€2,887
up €2,887 (+69.6%), from €4,150 to €7,038
- Financial income +€729
up €729 (+1,247%), from €58 to €787
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 | €35,412 | €56,128 | +€20,716 | +58.5% |
| Fixed assets | 21/28 | €20,555 | €18,194 | -€2,362 | -11.5% |
| Tangible fixed assets | 22/27 | €20,555 | €18,194 | -€2,362 | -11.5% |
| Plant, machinery and equipment | 23 | - | €865 | +€865 | |
| Furniture and vehicles | 24 | €20,555 | €17,329 | -€3,226 | -15.7% |
| Current assets | 29/58 | €14,856 | €37,934 | +€23,078 | +155% |
| Amounts receivable within one year | 40/41 | €3,594 | €22,653 | +€19,059 | +530% |
| Other amounts receivable | 41 | €3,594 | €22,653 | +€19,059 | +530% |
| Cash at bank and in hand | 54/58 | €10,301 | €14,656 | +€4,355 | +42.3% |
| Deferred charges and accrued income | 490/1 | €962 | €626 | -€336 | -34.9% |
| Total equity and liabilities | 10/49 | €35,412 | €56,128 | +€20,716 | +58.5% |
| Equity | 10/15 | €10,197 | €30,109 | +€19,912 | +195% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,697 | €27,609 | +€19,912 | +259% |
| Distributable reserves | 133 | €7,697 | €27,609 | +€19,912 | +259% |
| Amounts payable | 17/49 | €25,215 | €26,019 | +€804 | +3.2% |
| Amounts payable after more than one year | 17 | €9,526 | €2,435 | -€7,091 | -74.4% |
| Financial debts | 170/4 | €9,526 | €2,435 | -€7,091 | -74.4% |
| Amounts payable within one year | 42/48 | €15,689 | €23,584 | +€7,895 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €6,781 | €7,091 | +€309 | +4.6% |
| Trade debts | 44 | €1,323 | €1,450 | +€126 | +9.5% |
| Suppliers | 440/4 | €1,323 | €1,450 | +€126 | +9.5% |
| Taxes, remuneration and social security | 45 | €7,584 | €15,043 | +€7,459 | +98.3% |
| Taxes | 450/3 | €7,584 | €15,043 | +€7,459 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,150 | €7,038 | +€2,887 | +69.6% |
| Other operating charges | 640/8 | €968 | €869 | -€99 | -10.2% |
| Gross operating margin | 9900 | €16,769 | €34,496 | +€17,727 | +106% |
| Operating profit (loss) | 9901 | €11,651 | €26,590 | +€14,939 | +128% |
| Financial income | 75/76B | €58 | €787 | +€729 | +1,247% |
| Recurring financial income | 75 | €58 | €787 | +€729 | +1,247% |
| Financial charges | 65/66B | €827 | €727 | -€100 | -12.1% |
| Recurring financial charges | 65 | €827 | €727 | -€100 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €10,882 | €26,650 | +€15,768 | +145% |
| Income taxes | 67/77 | €3,185 | €6,738 | +€3,553 | +112% |
| Profit (loss) for the period | 9904 | €7,697 | €19,912 | +€12,216 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €7,697 | €19,912 | +€12,216 | +159% |
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 26 October 2026 via checked.be.