ARTLINOW: 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.
ARTLINOW
Largest movements
- Receivables within one year +€37,203
up €37,203 (+2,901%), from €1,283 to €38,485
of which Trade receivables: +€36,451
- Cash +€17,875
up €17,875 (+21.0%), from €85,071 to €102,946
mainly Trade debts (+€35,868) and Net result for the year (+€18,557)
- Tangible fixed assets +€11,628
up €11,628 (+467%), from €2,492 to €14,120
- Trade debts +€35,868
up €35,868 (+1,163%), from €3,083 to €38,951
- Reserves +€17,000
up €17,000 (+22.7%), from €75,000 to €92,000
- Tax, wage and social debts +€6,350
up €6,350 (+470%), from €1,350 to €7,700
- Other debts +€5,281
up €5,281 (+137%), from €3,863 to €9,144
- Accrued charges and deferred income +€1,760
new in 2025: €1,760
- Gross operating margin +€30,166
up €30,166 (+362%), from €8,340 to €38,506
- Other operating charges +€7,369
up €7,369 (+999%), from €737 to €8,106
- Taxes +€6,332
up €6,332 (+458%), from €1,381 to €7,713
- Depreciation -€1,210
down €1,210 (-23.5%), from €5,145 to €3,934
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 | €88,846 | €156,662 | +€67,816 | +76.3% |
| Fixed assets | 21/28 | €2,492 | €14,120 | +€11,628 | +467% |
| Tangible fixed assets | 22/27 | €2,492 | €14,120 | +€11,628 | +467% |
| Furniture and vehicles | 24 | €2,492 | €14,120 | +€11,628 | +467% |
| Current assets | 29/58 | €86,354 | €142,542 | +€56,188 | +65.1% |
| Amounts receivable within one year | 40/41 | €1,283 | €38,485 | +€37,203 | +2,901% |
| Trade receivables | 40 | €1,263 | €37,714 | +€36,451 | +2,886% |
| Other amounts receivable | 41 | €20 | €771 | +€752 | +3,853% |
| Cash at bank and in hand | 54/58 | €85,071 | €102,946 | +€17,875 | +21.0% |
| Deferred charges and accrued income | 490/1 | - | €1,110 | +€1,110 | |
| Total equity and liabilities | 10/49 | €88,846 | €156,662 | +€67,816 | +76.3% |
| Equity | 10/15 | €80,549 | €99,106 | +€18,557 | +23.0% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €75,000 | €92,000 | +€17,000 | +22.7% |
| Distributable reserves | 133 | €75,000 | €92,000 | +€17,000 | +22.7% |
| Profit (loss) carried forward | 14 | €1,949 | €3,506 | +€1,557 | +79.9% |
| Amounts payable | 17/49 | €8,297 | €57,555 | +€49,259 | +594% |
| Amounts payable within one year | 42/48 | €8,297 | €55,795 | +€47,499 | +573% |
| Trade debts | 44 | €3,083 | €38,951 | +€35,868 | +1,163% |
| Suppliers | 440/4 | €3,083 | €38,951 | +€35,868 | +1,163% |
| Taxes, remuneration and social security | 45 | €1,350 | €7,700 | +€6,350 | +470% |
| Taxes | 450/3 | €1,350 | €7,700 | +€6,350 | +470% |
| Other amounts payable | 47/48 | €3,863 | €9,144 | +€5,281 | +137% |
| Accrued charges and deferred income | 492/3 | - | €1,760 | +€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,145 | €3,934 | -€1,210 | -23.5% |
| Other operating charges | 640/8 | €737 | €8,106 | +€7,369 | +999% |
| Gross operating margin | 9900 | €8,340 | €38,506 | +€30,166 | +362% |
| Operating profit (loss) | 9901 | €2,458 | €26,466 | +€24,008 | +977% |
| Financial charges | 65/66B | €8 | €196 | +€188 | +2,343% |
| Recurring financial charges | 65 | €8 | €196 | +€188 | +2,343% |
| Profit (loss) for the period before taxes | 9903 | €2,450 | €26,270 | +€23,820 | +972% |
| Income taxes | 67/77 | €1,381 | €7,713 | +€6,332 | +458% |
| Profit (loss) for the period | 9904 | €1,069 | €18,557 | +€17,488 | +1,636% |
| Profit (loss) for the period to be appropriated | 9905 | €1,069 | €18,557 | +€17,488 | +1,636% |
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 23 October 2026 via checked.be.