Arts²: what changed
Two fiscal 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.
Arts²
Largest movements
- Cash +€42,178
up €42,178 (+116.5%), from €36,198 to €78,376
mainly Net result for the year (+€56,180) and Depreciation (+€18,637)
- Tangible fixed assets -€18,982
down €18,982 (-11.4%), from €166,944 to €147,961
- Deferred charges and accrued income +€16,335
up €16,335 (+874.3%), from €1,868 to €18,203
- Receivables within one year +€12,117
up €12,117 (+5.0%), from €242,237 to €254,354
of which Trade receivables: +€8,100
- Reserves +€56,180
up €56,180 (+15.3%), from €367,279 to €423,458
of which Non-distributable reserves: +€56,180
- Tax, wage and social debts -€8,115
down €8,115 (-29.3%), from €27,695 to €19,580
- Gross operating margin -€5,037
down €5,037 (-4.8%), from €105,888 to €100,851
- Financial income +€2,672
up €2,672 (+3313.3%), from €81 to €2,753
of which Non-recurring financial income: +€2,688
- Other operating charges -€1,980
down €1,980 (-29.3%), from €6,761 to €4,781
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.
Cash bridge derived
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 | €648,680 | €700,327 | +€51,647 | +8.0% |
| Fixed assets | 21/28 | €166,944 | €147,961 | -€18,982 | -11.4% |
| Tangible fixed assets | 22/27 | €166,944 | €147,961 | -€18,982 | -11.4% |
| Land and buildings | 22 | €166,944 | €147,961 | -€18,982 | -11.4% |
| Current assets | 29/58 | €481,737 | €552,366 | +€70,629 | +14.7% |
| Stocks and contracts in progress | 3 | €201,434 | €201,434 | = | 0.0% |
| Stocks | 30/36 | €201,434 | €201,434 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242,237 | €254,354 | +€12,117 | +5.0% |
| Trade receivables | 40 | €232,492 | €240,592 | +€8,100 | +3.5% |
| Other amounts receivable | 41 | €9,745 | €13,762 | +€4,017 | +41.2% |
| Cash at bank and in hand | 54/58 | €36,198 | €78,376 | +€42,178 | +116.5% |
| Deferred charges and accrued income | 490/1 | €1,868 | €18,203 | +€16,335 | +874.3% |
| Total equity and liabilities | 10/49 | €648,680 | €700,327 | +€51,647 | +8.0% |
| Equity | 10/15 | €595,479 | €651,658 | +€56,180 | +9.4% |
| Contributions | 10/11 | €228,200 | €228,200 | = | 0.0% |
| Reserves | 13 | €367,279 | €423,458 | +€56,180 | +15.3% |
| Non-distributable reserves | 130/1 | €248,674 | €304,853 | +€56,180 | +22.6% |
| Other | 1319 | €248,674 | €304,853 | +€56,180 | +22.6% |
| Distributable reserves | 133 | €118,605 | €118,605 | = | 0.0% |
| Amounts payable | 17/49 | €53,202 | €48,669 | -€4,533 | -8.5% |
| Amounts payable within one year | 42/48 | €51,202 | €45,548 | -€5,654 | -11.0% |
| Trade debts | 44 | €3,880 | €6,394 | +€2,514 | +64.8% |
| Suppliers | 440/4 | €3,880 | €6,394 | +€2,514 | +64.8% |
| Taxes, remuneration and social security | 45 | €27,695 | €19,580 | -€8,115 | -29.3% |
| Taxes | 450/3 | €27,695 | €19,580 | -€8,115 | -29.3% |
| Other amounts payable | 47/48 | €19,626 | €19,574 | -€52 | -0.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,121 | +€1,121 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,832 | €18,637 | -€195 | -1.0% |
| Other operating charges | 640/8 | €6,761 | €4,781 | -€1,980 | -29.3% |
| Gross operating margin | 9900 | €105,888 | €100,851 | -€5,037 | -4.8% |
| Operating profit (loss) | 9901 | €80,296 | €77,434 | -€2,862 | -3.6% |
| Financial income | 75/76B | €81 | €2,753 | +€2,672 | +3313.3% |
| Recurring financial income | 75 | €81 | €66 | -€15 | -18.6% |
| Non-recurring financial income | 76B | - | €2,688 | +€2,688 | |
| Financial charges | 65/66B | €2,879 | €2,413 | -€466 | -16.2% |
| Recurring financial charges | 65 | €2,879 | €2,067 | -€812 | -28.2% |
| Non-recurring financial charges | 66B | - | €346 | +€346 | |
| Profit (loss) for the period before taxes | 9903 | €77,498 | €77,775 | +€277 | +0.4% |
| Income taxes | 67/77 | €21,916 | €21,595 | -€322 | -1.5% |
| Profit (loss) for the period | 9904 | €55,582 | €56,180 | +€598 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,582 | €56,180 | +€598 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.