ARTS & MINDS: 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 & MINDS
Largest movements
- Receivables within one year -€23,950
down €23,950 (-89.8%), from €26,674 to €2,723
of which Trade receivables: -€25,907
- Cash +€22,865
up €22,865 (+70.0%), from €32,681 to €55,546
mainly Receivables within one year (+€23,950) and Depreciation (+€11,888)
- Debts after one year -€8,024
down €8,024 (-3.8%), from €212,925 to €204,902
- Other debts +€7,503
up €7,503 (+8.2%), from €91,229 to €98,732
- Tax, wage and social debts -€4,540
down €4,540 (-63.3%), from €7,174 to €2,634
- Financial charges +€9,539
up €9,539 (+167%), from €5,707 to €15,246
- Depreciation +€5,009
up €5,009 (+72.8%), from €6,878 to €11,888
- Taxes -€3,830
down €3,830 (-76.9%), from €4,978 to €1,148
- Gross operating margin +€2,635
up €2,635 (+8.9%), from €29,584 to €32,219
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 | €390,360 | €389,867 | -€492 | -0.1% |
| Fixed assets | 21/28 | €331,005 | €331,598 | +€593 | +0.2% |
| Tangible fixed assets | 22/27 | €331,005 | €331,598 | +€593 | +0.2% |
| Land and buildings | 22 | €328,955 | €329,548 | +€593 | +0.2% |
| Furniture and vehicles | 24 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €59,354 | €58,269 | -€1,085 | -1.8% |
| Amounts receivable within one year | 40/41 | €26,674 | €2,723 | -€23,950 | -89.8% |
| Trade receivables | 40 | €26,014 | €106 | -€25,907 | -99.6% |
| Other amounts receivable | 41 | €660 | €2,617 | +€1,957 | +296% |
| Cash at bank and in hand | 54/58 | €32,681 | €55,546 | +€22,865 | +70.0% |
| Total equity and liabilities | 10/49 | €390,360 | €389,867 | -€492 | -0.1% |
| Equity | 10/15 | €61,596 | €63,857 | +€2,261 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,396 | €57,657 | +€2,261 | +4.1% |
| Tax-exempt reserves | 132 | €2,301 | €2,301 | = | 0.0% |
| Distributable reserves | 133 | €53,095 | €55,356 | +€2,261 | +4.3% |
| Amounts payable | 17/49 | €328,764 | €326,010 | -€2,754 | -0.8% |
| Amounts payable after more than one year | 17 | €212,925 | €204,902 | -€8,024 | -3.8% |
| Financial debts | 170/4 | €212,925 | €204,902 | -€8,024 | -3.8% |
| Amounts payable within one year | 42/48 | €115,838 | €121,108 | +€5,270 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €7,714 | €8,024 | +€310 | +4.0% |
| Trade debts | 44 | €9,722 | €11,718 | +€1,996 | +20.5% |
| Suppliers | 440/4 | €9,722 | €11,718 | +€1,996 | +20.5% |
| Taxes, remuneration and social security | 45 | €7,174 | €2,634 | -€4,540 | -63.3% |
| Taxes | 450/3 | €7,174 | €2,634 | -€4,540 | -63.3% |
| Other amounts payable | 47/48 | €91,229 | €98,732 | +€7,503 | +8.2% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,878 | €11,888 | +€5,009 | +72.8% |
| Other operating charges | 640/8 | €1,370 | €1,675 | +€306 | +22.3% |
| Gross operating margin | 9900 | €29,584 | €32,219 | +€2,635 | +8.9% |
| Operating profit (loss) | 9901 | €21,336 | €18,656 | -€2,680 | -12.6% |
| Financial charges | 65/66B | €5,707 | €15,246 | +€9,539 | +167% |
| Recurring financial charges | 65 | €5,707 | €15,246 | +€9,539 | +167% |
| Profit (loss) for the period before taxes | 9903 | €15,629 | €3,409 | -€12,219 | -78.2% |
| Income taxes | 67/77 | €4,978 | €1,148 | -€3,830 | -76.9% |
| Profit (loss) for the period | 9904 | €10,651 | €2,261 | -€8,389 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,651 | €2,261 | -€8,389 | -78.8% |
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 21 October 2026 via checked.be.