ARTS & ARCHITECTURE: 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.
ARTS & ARCHITECTURE
Largest movements
- Receivables within one year +€27,655
up €27,655 (+62.4%), from €44,300 to €71,955
of which Trade receivables: +€23,333
- Cash +€8,608
up €8,608 (+16.6%), from €51,955 to €60,563
mainly Other debts (+€105,000) and Net result for the year (+€31,685)
- Deferred charges and accrued income +€5,975
up €5,975 (+162%), from €3,699 to €9,674
- Other debts +€105,000
new in 2025: €105,000
- Reserves -€73,500
down €73,500 (-42.3%), from €173,860 to €100,360
- Tax, wage and social debts +€9,788
up €9,788 (+66.4%), from €14,747 to €24,535
of which Taxes: +€12,038
- Trade debts +€6,436
up €6,436 (+57.7%), from €11,148 to €17,584
- Depreciation +€6,294
up €6,294 (+74.2%), from €8,481 to €14,775
- Gross operating margin -€5,842
down €5,842 (-8.6%), from €68,233 to €62,391
- Taxes -€1,414
down €1,414 (-8.4%), from €16,744 to €15,330
- Financial income +€1,255
up €1,255 (+460%), from €273 to €1,528
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 | €364,572 | €411,191 | +€46,619 | +12.8% |
| Fixed assets | 21/28 | €121,182 | €121,884 | +€702 | +0.6% |
| Tangible fixed assets | 22/27 | €120,382 | €121,084 | +€702 | +0.6% |
| Plant, machinery and equipment | 23 | €195 | - | -€195 | |
| Furniture and vehicles | 24 | €91,597 | €96,117 | +€4,520 | +4.9% |
| Other tangible fixed assets | 26 | €28,590 | €24,967 | -€3,623 | -12.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €243,390 | €289,307 | +€45,917 | +18.9% |
| Amounts receivable within one year | 40/41 | €44,300 | €71,955 | +€27,655 | +62.4% |
| Trade receivables | 40 | €38,384 | €61,717 | +€23,333 | +60.8% |
| Other amounts receivable | 41 | €5,916 | €10,238 | +€4,322 | +73.1% |
| Current investments | 50/53 | €143,436 | €147,115 | +€3,679 | +2.6% |
| Cash at bank and in hand | 54/58 | €51,955 | €60,563 | +€8,608 | +16.6% |
| Deferred charges and accrued income | 490/1 | €3,699 | €9,674 | +€5,975 | +162% |
| Total equity and liabilities | 10/49 | €364,572 | €411,191 | +€46,619 | +12.8% |
| Equity | 10/15 | €337,377 | €264,063 | -€73,314 | -21.7% |
| Contributions | 10/11 | €6,197 | €6,197 | +€0 | 0.0% |
| Reserves | 13 | €173,860 | €100,360 | -€73,500 | -42.3% |
| Distributable reserves | 133 | €173,860 | €100,360 | -€73,500 | -42.3% |
| Profit (loss) carried forward | 14 | €157,320 | €157,505 | +€185 | +0.1% |
| Amounts payable | 17/49 | €27,195 | €147,128 | +€119,933 | +441% |
| Amounts payable within one year | 42/48 | €25,895 | €147,119 | +€121,224 | +468% |
| Trade debts | 44 | €11,148 | €17,584 | +€6,436 | +57.7% |
| Suppliers | 440/4 | €11,148 | €17,584 | +€6,436 | +57.7% |
| Taxes, remuneration and social security | 45 | €14,747 | €24,535 | +€9,788 | +66.4% |
| Taxes | 450/3 | €12,497 | €24,535 | +€12,038 | +96.3% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | - | €105,000 | +€105,000 | |
| Accrued charges and deferred income | 492/3 | €1,300 | €9 | -€1,291 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,481 | €14,775 | +€6,294 | +74.2% |
| Other operating charges | 640/8 | €1,920 | €1,975 | +€55 | +2.8% |
| Non-recurring operating charges | 66A | €595 | - | -€595 | |
| Gross operating margin | 9900 | €68,233 | €62,391 | -€5,842 | -8.6% |
| Operating profit (loss) | 9901 | €57,237 | €45,642 | -€11,595 | -20.3% |
| Financial income | 75/76B | €273 | €1,528 | +€1,255 | +460% |
| Recurring financial income | 75 | €273 | €1,528 | +€1,255 | +460% |
| Financial charges | 65/66B | €702 | €154 | -€548 | -78.0% |
| Recurring financial charges | 65 | €702 | €154 | -€548 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €56,808 | €47,016 | -€9,792 | -17.2% |
| Income taxes | 67/77 | €16,744 | €15,330 | -€1,414 | -8.4% |
| Profit (loss) for the period | 9904 | €40,064 | €31,685 | -€8,379 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,064 | €31,685 | -€8,379 | -20.9% |
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 30 October 2026 via checked.be.