ARTPROJET: 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.
ARTPROJET
Largest movements
- Receivables within one year +€31,063
up €31,063 (+1,106%), from €2,809 to €33,872
of which Trade receivables: +€21,082
- Cash -€28,261
down €28,261 (-33.9%), from €83,302 to €55,041
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€31,063)
- Tangible fixed assets +€1,648
up €1,648 (+111%), from €1,483 to €3,132
- Deferred charges and accrued income -€1,426
down €1,426 (-60.1%), from €2,373 to €947
- Other debts +€8,772
up €8,772 (+17.7%), from €49,586 to €58,359
- Profit (loss) carried forward -€8,183
down €8,183 (-80.7%), from €10,138 to €1,954
- Tax, wage and social debts +€2,511
up €2,511 (+27.9%), from €9,000 to €11,511
- Gross operating margin -€29,814
down €29,814 (-40.1%), from €74,353 to €44,539
- Taxes -€13,448
down €13,448 (-91.1%), from €14,766 to €1,318
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 | €90,092 | €93,116 | +€3,024 | +3.4% |
| Fixed assets | 21/28 | €1,608 | €3,257 | +€1,648 | +102% |
| Tangible fixed assets | 22/27 | €1,483 | €3,132 | +€1,648 | +111% |
| Furniture and vehicles | 24 | €1,483 | €3,132 | +€1,648 | +111% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €88,484 | €89,860 | +€1,376 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,809 | €33,872 | +€31,063 | +1,106% |
| Trade receivables | 40 | €597 | €21,679 | +€21,082 | +3,531% |
| Other amounts receivable | 41 | €2,212 | €12,193 | +€9,981 | +451% |
| Cash at bank and in hand | 54/58 | €83,302 | €55,041 | -€28,261 | -33.9% |
| Deferred charges and accrued income | 490/1 | €2,373 | €947 | -€1,426 | -60.1% |
| Total equity and liabilities | 10/49 | €90,092 | €93,116 | +€3,024 | +3.4% |
| Equity | 10/15 | €30,598 | €22,414 | -€8,183 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,138 | €1,954 | -€8,183 | -80.7% |
| Amounts payable | 17/49 | €59,494 | €70,702 | +€11,208 | +18.8% |
| Amounts payable within one year | 42/48 | €59,494 | €70,702 | +€11,208 | +18.8% |
| Trade debts | 44 | €908 | €832 | -€76 | -8.4% |
| Suppliers | 440/4 | €908 | €832 | -€76 | -8.4% |
| Taxes, remuneration and social security | 45 | €9,000 | €11,511 | +€2,511 | +27.9% |
| Taxes | 450/3 | €9,000 | €11,511 | +€2,511 | +27.9% |
| Other amounts payable | 47/48 | €49,586 | €58,359 | +€8,772 | +17.7% |
| Non-recurring operating income | 76A | - | €10,578 | +€10,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,345 | €880 | -€465 | -34.6% |
| Other operating charges | 640/8 | €321 | €486 | +€165 | +51.2% |
| Gross operating margin | 9900 | €74,353 | €44,539 | -€29,814 | -40.1% |
| Operating profit (loss) | 9901 | €72,687 | €43,173 | -€29,514 | -40.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €47 | €39 | -€8 | -17.5% |
| Recurring financial charges | 65 | €47 | €39 | -€8 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €72,640 | €43,134 | -€29,505 | -40.6% |
| Income taxes | 67/77 | €14,766 | €1,318 | -€13,448 | -91.1% |
| Profit (loss) for the period | 9904 | €57,874 | €41,817 | -€16,058 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,874 | €41,817 | -€16,058 | -27.7% |
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 14 October 2026 via checked.be.