ARTS & BOIS: what changed
ARTS & BOIS
Largest movements
- Tangible fixed assets -€16,030
down €16,030 (-10.4%), from €154,475 to €138,445
of which Land and buildings: -€11,971
- Receivables within one year -€7,592
down €7,592 (-68.4%), from €11,100 to €3,508
of which Trade receivables: -€5,024
- Stocks and contracts +€4,734
new in 2025: €4,734
- Cash +€2,837
up €2,837 (+71.0%), from €3,994 to €6,831
mainly Depreciation (+€17,765) and Other debts (+€9,361)
- Other debts +€9,361
up €9,361 (+70.8%), from €13,223 to €22,584
- Trade debts -€8,214
down €8,214 (-76.2%), from €10,781 to €2,567
- Reserves -€7,504
down €7,504 (-8.5%), from €87,805 to €80,302
- Profit (loss) carried forward -€6,416
down €6,416 (-23.8%), from -€26,979 to -€33,395
- Provisions -€2,501
down €2,501 (-8.5%), from €29,268 to €26,767
- Gross operating margin +€3,893
up €3,893, from -€712 to €3,181
- Depreciation +€434
up €434 (+2.5%), from €17,331 to €17,765
- Other operating charges -€354
down €354 (-16.4%), from €2,162 to €1,807
- Financial income +€116
up €116 (+1,158,700%), from €0 to €116
- Financial charges +€61
up €61 (+73.2%), from €84 to €145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,159 | €154,886 | -€15,273 | -9.0% |
| Fixed assets | 21/28 | €154,475 | €138,445 | -€16,030 | -10.4% |
| Tangible fixed assets | 22/27 | €154,475 | €138,445 | -€16,030 | -10.4% |
| Land and buildings | 22 | €144,604 | €132,633 | -€11,971 | -8.3% |
| Plant, machinery and equipment | 23 | €8,031 | €4,588 | -€3,442 | -42.9% |
| Furniture and vehicles | 24 | €1,840 | €1,223 | -€617 | -33.5% |
| Current assets | 29/58 | €15,683 | €16,441 | +€757 | +4.8% |
| Stocks and contracts in progress | 3 | - | €4,734 | +€4,734 | |
| Stocks | 30/36 | - | €4,734 | +€4,734 | |
| Amounts receivable within one year | 40/41 | €11,100 | €3,508 | -€7,592 | -68.4% |
| Trade receivables | 40 | €6,394 | €1,370 | -€5,024 | -78.6% |
| Other amounts receivable | 41 | €4,707 | €2,138 | -€2,568 | -54.6% |
| Cash at bank and in hand | 54/58 | €3,994 | €6,831 | +€2,837 | +71.0% |
| Deferred charges and accrued income | 490/1 | €589 | €1,367 | +€778 | +132% |
| Total equity and liabilities | 10/49 | €170,159 | €154,886 | -€15,273 | -9.0% |
| Equity | 10/15 | €116,886 | €102,967 | -€13,919 | -11.9% |
| Contributions | 10/11 | €56,060 | €56,060 | = | 0.0% |
| Reserves | 13 | €87,805 | €80,302 | -€7,504 | -8.5% |
| Tax-exempt reserves | 132 | €87,805 | €80,302 | -€7,504 | -8.5% |
| Profit (loss) carried forward | 14 | -€26,979 | -€33,395 | -€6,416 | -23.8% |
| Provisions and deferred taxes | 16 | €29,268 | €26,767 | -€2,501 | -8.5% |
| Deferred taxes | 168 | €29,268 | €26,767 | -€2,501 | -8.5% |
| Amounts payable | 17/49 | €24,004 | €25,151 | +€1,147 | +4.8% |
| Amounts payable within one year | 42/48 | €24,004 | €25,151 | +€1,147 | +4.8% |
| Trade debts | 44 | €10,781 | €2,567 | -€8,214 | -76.2% |
| Suppliers | 440/4 | €10,781 | €2,567 | -€8,214 | -76.2% |
| Other amounts payable | 47/48 | €13,223 | €22,584 | +€9,361 | +70.8% |
| Non-recurring operating income | 76A | €1,700 | - | -€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,331 | €17,765 | +€434 | +2.5% |
| Other operating charges | 640/8 | €2,162 | €1,807 | -€354 | -16.4% |
| Gross operating margin | 9900 | -€712 | €3,181 | +€3,893 | |
| Operating profit (loss) | 9901 | -€20,205 | -€16,391 | +€3,814 | +18.9% |
| Financial income | 75/76B | €0 | €116 | +€116 | +1,158,700% |
| Recurring financial income | 75 | €0 | €116 | +€116 | +1,158,700% |
| Financial charges | 65/66B | €84 | €145 | +€61 | +73.2% |
| Recurring financial charges | 65 | €84 | €145 | +€61 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,289 | -€16,420 | +€3,868 | +19.1% |
| Transfer from deferred taxes | 780 | €2,501 | €2,501 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€17,788 | -€13,919 | +€3,868 | +21.7% |
| Transfer from tax-exempt reserves | 789 | €7,504 | €7,504 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,284 | -€6,416 | +€3,868 | +37.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.