ArtElegance: what changed
Two fiscal 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.
ArtElegance
Largest movements
- Tangible fixed assets -€12,035
down €12,035 (-7.9%), from €152,886 to €140,851
of which Land and buildings: -€9,911
- Cash -€9,031
down €9,031 (-94.2%), from €9,591 to €559
mainly Net result for the year (-€12,102) and Debts after one year (-€11,664)
- Receivables within one year +€1,881
up €1,881 (+391.1%), from €481 to €2,362
of which Trade receivables: +€1,389
- Profit (loss) carried forward -€12,102
down €12,102 (-65.7%), from -€18,419 to -€30,521
- Debts after one year -€11,664
down €11,664 (-9.8%), from €119,300 to €107,636
- Other debts +€4,369
up €4,369 (+12.0%), from €36,475 to €40,844
- Tax, wage and social debts -€1,662
no longer reported in 2025 (was €1,662)
- Gross operating margin -€13,235
down €13,235 (-76.1%), from €17,381 to €4,146
- Depreciation -€1,744
down €1,744 (-12.7%), from €13,779 to €12,035
- Other operating charges +€440
up €440 (+33.1%), from €1,331 to €1,771
- Financial charges -€199
down €199 (-7.5%), from €2,644 to €2,444
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.
Cash bridge derived
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 | €163,225 | €143,772 | -€19,454 | -11.9% |
| Fixed assets | 21/28 | €152,886 | €140,851 | -€12,035 | -7.9% |
| Tangible fixed assets | 22/27 | €152,886 | €140,851 | -€12,035 | -7.9% |
| Land and buildings | 22 | €148,664 | €138,753 | -€9,911 | -6.7% |
| Plant, machinery and equipment | 23 | €1,393 | €410 | -€983 | -70.6% |
| Furniture and vehicles | 24 | €2,829 | €1,688 | -€1,141 | -40.3% |
| Current assets | 29/58 | €10,339 | €2,921 | -€7,419 | -71.7% |
| Amounts receivable within one year | 40/41 | €481 | €2,362 | +€1,881 | +391.1% |
| Trade receivables | 40 | €481 | €1,869 | +€1,389 | +288.7% |
| Other amounts receivable | 41 | - | €492 | +€492 | |
| Cash at bank and in hand | 54/58 | €9,591 | €559 | -€9,031 | -94.2% |
| Deferred charges and accrued income | 490/1 | €268 | - | -€268 | |
| Total equity and liabilities | 10/49 | €163,225 | €143,772 | -€19,454 | -11.9% |
| Equity | 10/15 | -€8,419 | -€20,521 | -€12,102 | -143.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,419 | -€30,521 | -€12,102 | -65.7% |
| Amounts payable | 17/49 | €171,645 | €164,293 | -€7,351 | -4.3% |
| Amounts payable after more than one year | 17 | €119,300 | €107,636 | -€11,664 | -9.8% |
| Financial debts | 170/4 | €119,300 | €107,636 | -€11,664 | -9.8% |
| Amounts payable within one year | 42/48 | €52,344 | €56,590 | +€4,245 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,466 | €11,664 | +€198 | +1.7% |
| Trade debts | 44 | €2,741 | €4,082 | +€1,340 | +48.9% |
| Suppliers | 440/4 | €2,741 | €4,082 | +€1,340 | +48.9% |
| Taxes, remuneration and social security | 45 | €1,662 | - | -€1,662 | |
| Taxes | 450/3 | €1,662 | - | -€1,662 | |
| Other amounts payable | 47/48 | €36,475 | €40,844 | +€4,369 | +12.0% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,779 | €12,035 | -€1,744 | -12.7% |
| Other operating charges | 640/8 | €1,331 | €1,771 | +€440 | +33.1% |
| Gross operating margin | 9900 | €17,381 | €4,146 | -€13,235 | -76.1% |
| Operating profit (loss) | 9901 | €2,272 | -€9,660 | -€11,931 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,644 | €2,444 | -€199 | -7.5% |
| Recurring financial charges | 65 | €2,644 | €2,444 | -€199 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€372 | -€12,102 | -€11,730 | -3149.8% |
| Profit (loss) for the period | 9904 | -€372 | -€12,102 | -€11,730 | -3149.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€372 | -€12,102 | -€11,730 | -3149.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.