ArtFlight: 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.
ArtFlight
Largest movements
- Cash -€75,693
down €75,693 (-19.0%), from €398,794 to €323,101
mainly Receivables within one year (-€62,719) and Net result for the year (-€13,374)
- Receivables within one year +€62,719
up €62,719 (+27.8%), from €225,807 to €288,526
- Profit (loss) carried forward -€13,374
down €13,374 (-3.3%), from €400,899 to €387,525
- Financial charges +€1,960
up €1,960 (+33.3%), from €5,879 to €7,839
- Gross operating margin +€1,441
up €1,441 (+7.0%), from -€20,728 to -€19,287
- Financial income -€1,413
down €1,413 (-9.3%), from €15,165 to €13,752
of which Non-recurring financial income: -€15,164
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 | €634,580 | €621,606 | -€12,974 | -2.0% |
| Current assets | 29/58 | €634,580 | €621,606 | -€12,974 | -2.0% |
| Amounts receivable within one year | 40/41 | €225,807 | €288,526 | +€62,719 | +27.8% |
| Other amounts receivable | 41 | €225,807 | €288,526 | +€62,719 | +27.8% |
| Cash at bank and in hand | 54/58 | €398,794 | €323,101 | -€75,693 | -19.0% |
| Deferred charges and accrued income | 490/1 | €9,979 | €9,979 | = | 0.0% |
| Total equity and liabilities | 10/49 | €634,580 | €621,606 | -€12,974 | -2.0% |
| Equity | 10/15 | €634,580 | €621,206 | -€13,374 | -2.1% |
| Contributions | 10/11 | €121,000 | €121,000 | = | 0.0% |
| Capital | 10 | €121,000 | €121,000 | = | 0.0% |
| Issued capital | 100 | €121,000 | €121,000 | = | 0.0% |
| Reserves | 13 | €112,681 | €112,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,100 | €12,100 | = | 0.0% |
| Legal reserve | 130 | €12,100 | €12,100 | = | 0.0% |
| Distributable reserves | 133 | €100,581 | €100,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400,899 | €387,525 | -€13,374 | -3.3% |
| Amounts payable | 17/49 | - | €400 | +€400 | |
| Amounts payable within one year | 42/48 | - | €400 | +€400 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€20,728 | -€19,287 | +€1,441 | +7.0% |
| Operating profit (loss) | 9901 | -€20,728 | -€19,287 | +€1,441 | +7.0% |
| Financial income | 75/76B | €15,165 | €13,752 | -€1,413 | -9.3% |
| Recurring financial income | 75 | €1 | €13,752 | +€13,751 | +1656796.4% |
| Non-recurring financial income | 76B | €15,164 | - | -€15,164 | |
| Financial charges | 65/66B | €5,879 | €7,839 | +€1,960 | +33.3% |
| Recurring financial charges | 65 | €5,879 | €7,839 | +€1,960 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,442 | -€13,373 | -€1,931 | -16.9% |
| Income taxes | 67/77 | €0 | €1 | +€0 | +136.0% |
| Profit (loss) for the period | 9904 | -€11,442 | -€13,374 | -€1,932 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,442 | -€13,374 | -€1,932 | -16.9% |
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 29 September 2026 via checked.be.