ARTFINDER: 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.
ARTFINDER
Largest movements
- Receivables within one year -€33,161
down €33,161 (-69.3%), from €47,869 to €14,708
of which Trade receivables: -€42,873
- Deferred charges and accrued income -€965
down €965 (-96.3%), from €1,003 to €37
- Cash +€792
up €792 (+85.0%), from €932 to €1,723
mainly Receivables within one year (+€33,161) and Deferred charges and accrued income (+€965)
- Trade debts -€14,674
down €14,674 (-89.7%), from €16,368 to €1,694
- Profit (loss) carried forward -€11,037
down €11,037 (-24.9%), from -€44,269 to -€55,305
- Current portion of long-term debt -€7,273
down €7,273 (-100.0%), from €7,273 to €0
- Gross operating margin -€49,256
down €49,256, from €41,567 to -€7,689
- Other operating charges -€23,018
down €23,018 (-88.5%), from €26,021 to €3,003
- Depreciation -€8,348
down €8,348 (-98.2%), from €8,504 to €156
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 | €51,603 | €18,043 | -€33,560 | -65.0% |
| Fixed assets | 21/28 | €1,731 | €1,574 | -€156 | -9.0% |
| Tangible fixed assets | 22/27 | €228 | €72 | -€156 | -68.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €228 | €72 | -€156 | -68.5% |
| Financial fixed assets | 28 | €1,503 | €1,503 | = | 0.0% |
| Current assets | 29/58 | €49,872 | €16,468 | -€33,403 | -67.0% |
| Amounts receivable after more than one year | 29 | €69 | €0 | -€69 | -100.0% |
| Other amounts receivable | 291 | €69 | €0 | -€69 | -100.0% |
| Amounts receivable within one year | 40/41 | €47,869 | €14,708 | -€33,161 | -69.3% |
| Trade receivables | 40 | €47,425 | €4,551 | -€42,873 | -90.4% |
| Other amounts receivable | 41 | €444 | €10,157 | +€9,712 | +2185.1% |
| Cash at bank and in hand | 54/58 | €932 | €1,723 | +€792 | +85.0% |
| Deferred charges and accrued income | 490/1 | €1,003 | €37 | -€965 | -96.3% |
| Total equity and liabilities | 10/49 | €51,603 | €18,043 | -€33,560 | -65.0% |
| Equity | 10/15 | €22,278 | €11,241 | -€11,037 | -49.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,955 | €47,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,225 | €7,225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,225 | €7,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €21,980 | €21,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,269 | -€55,305 | -€11,037 | -24.9% |
| Amounts payable | 17/49 | €29,324 | €6,801 | -€22,523 | -76.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,324 | €6,801 | -€22,523 | -76.8% |
| Current portion of amounts payable after more than one year | 42 | €7,273 | €0 | -€7,273 | -100.0% |
| Trade debts | 44 | €16,368 | €1,694 | -€14,674 | -89.7% |
| Suppliers | 440/4 | €16,368 | €1,694 | -€14,674 | -89.7% |
| Taxes, remuneration and social security | 45 | €200 | €107 | -€93 | -46.3% |
| Taxes | 450/3 | €200 | €107 | -€93 | -46.3% |
| Other amounts payable | 47/48 | €5,484 | €5,000 | -€484 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,504 | €156 | -€8,348 | -98.2% |
| Other operating charges | 640/8 | €26,021 | €3,003 | -€23,018 | -88.5% |
| Gross operating margin | 9900 | €41,567 | -€7,689 | -€49,256 | |
| Operating profit (loss) | 9901 | €7,042 | -€10,848 | -€17,890 | |
| Financial income | 75/76B | €0 | €37 | +€37 | +124200.0% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +124200.0% |
| Financial charges | 65/66B | €418 | €119 | -€299 | -71.6% |
| Recurring financial charges | 65 | €418 | €119 | -€299 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €6,624 | -€10,929 | -€17,554 | |
| Income taxes | 67/77 | €200 | €107 | -€93 | -46.3% |
| Profit (loss) for the period | 9904 | €6,424 | -€11,037 | -€17,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,424 | -€11,037 | -€17,461 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.