"Artnethouse 20": 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.
"Artnethouse 20"
Largest movements
- Cash -€46,694
down €46,694 (-28.4%), from €164,524 to €117,830
mainly Tax, wage and social debts (-€19,127) and Investment in fixed assets (net) (-€14,272)
- Tangible fixed assets +€12,401
up €12,401 (+1,700%), from €730 to €13,130
of which Plant, machinery and equipment: +€12,849
- Tax, wage and social debts -€19,127
no longer reported in 2025 (was €19,127)
- Profit (loss) carried forward -€7,107
down €7,107 (-200%), from -€3,547 to -€10,654
- Other debts -€5,364
down €5,364 (-21.1%), from €25,464 to €20,100
- Depreciation +€1,423
up €1,423 (+317%), from €448 to €1,872
- Staff costs +€1,093
up €1,093 (+359%), from €305 to €1,398
- Gross operating margin -€491
down €491 (-15.6%), from -€3,155 to -€3,647
- Financial charges +€50
up €50 (+35.7%), from €140 to €190
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 | €176,680 | €144,083 | -€32,597 | -18.4% |
| Fixed assets | 21/28 | €5,730 | €18,130 | +€12,401 | +216% |
| Tangible fixed assets | 22/27 | €730 | €13,130 | +€12,401 | +1,700% |
| Plant, machinery and equipment | 23 | - | €12,849 | +€12,849 | |
| Furniture and vehicles | 24 | €730 | €281 | -€448 | -61.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €170,951 | €125,953 | -€44,997 | -26.3% |
| Amounts receivable within one year | 40/41 | €6,426 | €8,123 | +€1,697 | +26.4% |
| Trade receivables | 40 | €6,292 | €4,690 | -€1,602 | -25.5% |
| Other amounts receivable | 41 | €134 | €3,433 | +€3,299 | +2,453% |
| Cash at bank and in hand | 54/58 | €164,524 | €117,830 | -€46,694 | -28.4% |
| Total equity and liabilities | 10/49 | €176,680 | €144,083 | -€32,597 | -18.4% |
| Equity | 10/15 | €126,890 | €119,783 | -€7,107 | -5.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €120,437 | €120,437 | = | 0.0% |
| Distributable reserves | 133 | €120,437 | €120,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,547 | -€10,654 | -€7,107 | -200% |
| Amounts payable | 17/49 | €49,790 | €24,300 | -€25,490 | -51.2% |
| Amounts payable within one year | 42/48 | €49,790 | €24,300 | -€25,490 | -51.2% |
| Trade debts | 44 | €5,200 | €4,200 | -€1,000 | -19.2% |
| Suppliers | 440/4 | €5,200 | €4,200 | -€1,000 | -19.2% |
| Taxes, remuneration and social security | 45 | €19,127 | - | -€19,127 | |
| Taxes | 450/3 | €19,127 | - | -€19,127 | |
| Other amounts payable | 47/48 | €25,464 | €20,100 | -€5,364 | -21.1% |
| Remuneration, social security and pensions | 62 | €305 | €1,398 | +€1,093 | +359% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €1,872 | +€1,423 | +317% |
| Gross operating margin | 9900 | -€3,155 | -€3,647 | -€491 | -15.6% |
| Operating profit (loss) | 9901 | -€3,909 | -€6,916 | -€3,008 | -77.0% |
| Financial charges | 65/66B | €140 | €190 | +€50 | +35.7% |
| Recurring financial charges | 65 | €140 | €190 | +€50 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,049 | -€7,107 | -€3,058 | -75.5% |
| Profit (loss) for the period | 9904 | -€4,049 | -€7,107 | -€3,058 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,049 | -€7,107 | -€3,058 | -75.5% |
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 18 October 2026 via checked.be.