ARTIST CASES: what changed
ARTIST CASES
Largest movements
- Stocks and contracts +€53,452
up €53,452 (+46.5%), from €114,832 to €168,284
of which Stocks: +€28,380
- Receivables within one year -€49,256
down €49,256 (-32.3%), from €152,486 to €103,230
of which Trade receivables: -€39,560
- Cash +€43,754
up €43,754 (+47.1%), from €92,850 to €136,604
mainly Net result for the year (+€59,559) and Receivables within one year (+€49,256)
- Profit (loss) carried forward +€31,198
up €31,198 (+14.6%), from €213,058 to €244,256
- Reserves +€28,362
up €28,362 (+37.4%), from €75,903 to €104,264
- Tax, wage and social debts -€6,475
down €6,475 (-17.6%), from €36,889 to €30,414
- Staff costs +€16,092
up €16,092 (+19.5%), from €82,316 to €98,408
- Gross operating margin +€10,059
up €10,059 (+5.7%), from €175,575 to €185,634
- Taxes -€2,195
down €2,195 (-8.2%), from €26,675 to €24,480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,168 | €410,092 | +€49,924 | +13.9% |
| Fixed assets | 21/28 | - | €1,973 | +€1,973 | |
| Tangible fixed assets | 22/27 | - | €1,973 | +€1,973 | |
| Plant, machinery and equipment | 23 | - | €1,973 | +€1,973 | |
| Current assets | 29/58 | €360,168 | €408,118 | +€47,950 | +13.3% |
| Stocks and contracts in progress | 3 | €114,832 | €168,284 | +€53,452 | +46.5% |
| Stocks | 30/36 | €114,832 | €143,212 | +€28,380 | +24.7% |
| Contracts in progress | 37 | - | €25,072 | +€25,072 | |
| Amounts receivable within one year | 40/41 | €152,486 | €103,230 | -€49,256 | -32.3% |
| Trade receivables | 40 | €140,146 | €100,586 | -€39,560 | -28.2% |
| Other amounts receivable | 41 | €12,340 | €2,644 | -€9,696 | -78.6% |
| Cash at bank and in hand | 54/58 | €92,850 | €136,604 | +€43,754 | +47.1% |
| Total equity and liabilities | 10/49 | €360,168 | €410,092 | +€49,924 | +13.9% |
| Equity | 10/15 | €308,961 | €368,520 | +€59,559 | +19.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €75,903 | €104,264 | +€28,362 | +37.4% |
| Distributable reserves | 133 | €75,903 | €104,264 | +€28,362 | +37.4% |
| Profit (loss) carried forward | 14 | €213,058 | €244,256 | +€31,198 | +14.6% |
| Amounts payable | 17/49 | €51,207 | €41,571 | -€9,636 | -18.8% |
| Amounts payable within one year | 42/48 | €51,207 | €41,571 | -€9,636 | -18.8% |
| Trade debts | 44 | €13,237 | €10,786 | -€2,451 | -18.5% |
| Suppliers | 440/4 | €13,237 | €10,786 | -€2,451 | -18.5% |
| Taxes, remuneration and social security | 45 | €36,889 | €30,414 | -€6,475 | -17.6% |
| Taxes | 450/3 | €36,889 | €30,414 | -€6,475 | -17.6% |
| Other amounts payable | 47/48 | €1,081 | €371 | -€710 | -65.7% |
| Remuneration, social security and pensions | 62 | €82,316 | €98,408 | +€16,092 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €987 | +€987 | |
| Other operating charges | 640/8 | €1,411 | €1,426 | +€15 | +1.0% |
| Gross operating margin | 9900 | €175,575 | €185,634 | +€10,059 | +5.7% |
| Operating profit (loss) | 9901 | €91,847 | €84,813 | -€7,034 | -7.7% |
| Financial income | 75/76B | €61 | €769 | +€707 | +1,155% |
| Recurring financial income | 75 | €61 | €769 | +€707 | +1,155% |
| Financial charges | 65/66B | €2,268 | €1,543 | -€725 | -32.0% |
| Recurring financial charges | 65 | €2,268 | €1,543 | -€725 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €89,640 | €84,039 | -€5,601 | -6.2% |
| Income taxes | 67/77 | €26,675 | €24,480 | -€2,195 | -8.2% |
| Profit (loss) for the period | 9904 | €62,965 | €59,559 | -€3,406 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,965 | €59,559 | -€3,406 | -5.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.