ARTJOURNEY: 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.
ARTJOURNEY
Largest movements
- Tangible fixed assets +€65,847
up €65,847 (+1,447%), from €4,551 to €70,398
of which Land and buildings: +€67,261
- Cash +€1,336
new in 2025: €1,336
mainly Other debts (+€102,581) and Depreciation (+€4,153)
- Receivables within one year +€1,060
up €1,060 (+9.0%), from €11,762 to €12,821
of which Other amounts receivable: +€1,724
- Other debts +€102,581
up €102,581 (+86.3%), from €118,817 to €221,398
- Profit (loss) carried forward -€29,663
down €29,663 (-27.8%), from -€106,689 to -€136,352
- Trade debts -€2,375
down €2,375 (-44.6%), from €5,330 to €2,954
- Gross operating margin +€10,423
up €10,423 (+40.4%), from -€25,786 to -€15,363
- Other operating charges +€9,003
up €9,003 (+1,543%), from €584 to €9,587
- Depreciation +€1,557
up €1,557 (+60.0%), from €2,596 to €4,153
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 | €27,662 | €97,574 | +€69,912 | +253% |
| Fixed assets | 21/28 | €4,551 | €71,358 | +€66,807 | +1,468% |
| Tangible fixed assets | 22/27 | €4,551 | €70,398 | +€65,847 | +1,447% |
| Land and buildings | 22 | - | €67,261 | +€67,261 | |
| Furniture and vehicles | 24 | €2,287 | €873 | -€1,414 | -61.8% |
| Other tangible fixed assets | 26 | €2,264 | €2,264 | = | 0.0% |
| Financial fixed assets | 28 | - | €960 | +€960 | |
| Current assets | 29/58 | €23,111 | €26,215 | +€3,105 | +13.4% |
| Stocks and contracts in progress | 3 | €11,251 | €12,058 | +€807 | +7.2% |
| Stocks | 30/36 | €11,251 | €12,058 | +€807 | +7.2% |
| Amounts receivable within one year | 40/41 | €11,762 | €12,821 | +€1,060 | +9.0% |
| Trade receivables | 40 | €11,120 | €10,456 | -€664 | -6.0% |
| Other amounts receivable | 41 | €642 | €2,365 | +€1,724 | +269% |
| Cash at bank and in hand | 54/58 | - | €1,336 | +€1,336 | |
| Deferred charges and accrued income | 490/1 | €98 | - | -€98 | |
| Total equity and liabilities | 10/49 | €27,662 | €97,574 | +€69,912 | +253% |
| Equity | 10/15 | -€98,629 | -€128,292 | -€29,663 | -30.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,689 | -€136,352 | -€29,663 | -27.8% |
| Amounts payable | 17/49 | €126,291 | €225,866 | +€99,575 | +78.8% |
| Amounts payable within one year | 42/48 | €126,291 | €225,866 | +€99,575 | +78.8% |
| Financial debts | 43 | €1,873 | €1,197 | -€676 | -36.1% |
| Credit institutions | 430/8 | €1,873 | €1,197 | -€676 | -36.1% |
| Trade debts | 44 | €5,330 | €2,954 | -€2,375 | -44.6% |
| Suppliers | 440/4 | €5,330 | €2,954 | -€2,375 | -44.6% |
| Taxes, remuneration and social security | 45 | €271 | €316 | +€45 | +16.5% |
| Taxes | 450/3 | €271 | €316 | +€45 | +16.5% |
| Other amounts payable | 47/48 | €118,817 | €221,398 | +€102,581 | +86.3% |
| Non-recurring operating income | 76A | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,596 | €4,153 | +€1,557 | +60.0% |
| Other operating charges | 640/8 | €584 | €9,587 | +€9,003 | +1,543% |
| Gross operating margin | 9900 | -€25,786 | -€15,363 | +€10,423 | +40.4% |
| Operating profit (loss) | 9901 | -€28,965 | -€29,103 | -€137 | -0.5% |
| Financial income | 75/76B | €107 | €3 | -€103 | -97.1% |
| Recurring financial income | 75 | €107 | €3 | -€103 | -97.1% |
| Financial charges | 65/66B | €292 | €387 | +€95 | +32.5% |
| Recurring financial charges | 65 | €292 | €387 | +€95 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,151 | -€29,487 | -€336 | -1.2% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€29,290 | -€29,663 | -€372 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,290 | -€29,663 | -€372 | -1.3% |
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 31 October 2026 via checked.be.