Artflow Ideas: 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.
Artflow Ideas
Largest movements
- Tangible fixed assets +€351,313
up €351,313 (+966%), from €36,368 to €387,681
of which Land and buildings: +€358,183
- Cash +€24,502
up €24,502 (+300%), from €8,173 to €32,674
mainly Debts after one year (+€302,772) and Other debts (+€51,012)
- Receivables within one year -€10,981
down €10,981 (-79.3%), from €13,851 to €2,870
of which Trade receivables: -€6,345
- Debts after one year +€302,772
new in 2025: €302,772
- Other debts +€51,012
up €51,012 (+435%), from €11,735 to €62,747
- Tax, wage and social debts -€19,873
down €19,873 (-63.6%), from €31,247 to €11,374
of which Taxes: -€13,606
- Reserves +€19,223
up €19,223 (+17.1%), from €112,266 to €131,489
- Current portion of long-term debt +€10,517
new in 2025: €10,517
- Staff costs -€52,983
down €52,983, from €51,037 to -€1,947
- Gross operating margin -€19,362
down €19,362 (-27.8%), from €69,711 to €50,349
- Taxes +€10,637
up €10,637 (+201%), from €5,294 to €15,931
- Depreciation +€3,186
up €3,186 (+42.3%), from €7,537 to €10,723
- Other operating charges -€1,748
down €1,748 (-68.9%), from €2,537 to €788
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 | €172,096 | €535,761 | +€363,664 | +211% |
| Fixed assets | 21/28 | €36,368 | €387,681 | +€351,313 | +966% |
| Tangible fixed assets | 22/27 | €36,368 | €387,681 | +€351,313 | +966% |
| Land and buildings | 22 | - | €358,183 | +€358,183 | |
| Plant, machinery and equipment | 23 | €19,495 | €16,094 | -€3,401 | -17.4% |
| Furniture and vehicles | 24 | €11,946 | €10,280 | -€1,666 | -13.9% |
| Other tangible fixed assets | 26 | €4,927 | €3,123 | -€1,803 | -36.6% |
| Current assets | 29/58 | €135,728 | €148,080 | +€12,351 | +9.1% |
| Stocks and contracts in progress | 3 | €109,002 | €112,077 | +€3,075 | +2.8% |
| Stocks | 30/36 | €109,002 | €112,077 | +€3,075 | +2.8% |
| Amounts receivable within one year | 40/41 | €13,851 | €2,870 | -€10,981 | -79.3% |
| Trade receivables | 40 | €9,145 | €2,800 | -€6,345 | -69.4% |
| Other amounts receivable | 41 | €4,706 | €70 | -€4,636 | -98.5% |
| Cash at bank and in hand | 54/58 | €8,173 | €32,674 | +€24,502 | +300% |
| Deferred charges and accrued income | 490/1 | €4,703 | €459 | -€4,244 | -90.2% |
| Total equity and liabilities | 10/49 | €172,096 | €535,761 | +€363,664 | +211% |
| Equity | 10/15 | €124,666 | €143,889 | +€19,223 | +15.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,266 | €131,489 | +€19,223 | +17.1% |
| Distributable reserves | 133 | €112,266 | €131,489 | +€19,223 | +17.1% |
| Amounts payable | 17/49 | €47,430 | €391,871 | +€344,441 | +726% |
| Amounts payable after more than one year | 17 | - | €302,772 | +€302,772 | |
| Financial debts | 170/4 | - | €302,772 | +€302,772 | |
| Amounts payable within one year | 42/48 | €47,430 | €89,100 | +€41,669 | +87.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,517 | +€10,517 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,448 | €4,463 | +€15 | +0.3% |
| Suppliers | 440/4 | €4,448 | €4,463 | +€15 | +0.3% |
| Taxes, remuneration and social security | 45 | €31,247 | €11,374 | -€19,873 | -63.6% |
| Taxes | 450/3 | €24,820 | €11,214 | -€13,606 | -54.8% |
| Remuneration and social security | 454/9 | €6,428 | €160 | -€6,268 | -97.5% |
| Other amounts payable | 47/48 | €11,735 | €62,747 | +€51,012 | +435% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €51,037 | -€1,947 | -€52,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,537 | €10,723 | +€3,186 | +42.3% |
| Other operating charges | 640/8 | €2,537 | €788 | -€1,748 | -68.9% |
| Gross operating margin | 9900 | €69,711 | €50,349 | -€19,362 | -27.8% |
| Operating profit (loss) | 9901 | €8,601 | €40,783 | +€32,183 | +374% |
| Financial income | 75/76B | €218 | €0 | -€218 | -100% |
| Recurring financial income | 75 | €218 | €0 | -€218 | -100% |
| Financial charges | 65/66B | €4,526 | €5,629 | +€1,103 | +24.4% |
| Recurring financial charges | 65 | €4,526 | €5,629 | +€1,103 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €4,293 | €35,154 | +€30,861 | +719% |
| Income taxes | 67/77 | €5,294 | €15,931 | +€10,637 | +201% |
| Profit (loss) for the period | 9904 | -€1,001 | €19,223 | +€20,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,001 | €19,223 | +€20,225 |
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 17 October 2026 via checked.be.