ARTS-RESTO: 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-RESTO
Largest movements
- Tangible fixed assets -€19,082
down €19,082 (-5.2%), from €369,798 to €350,716
of which Land and buildings: -€24,951
- Receivables within one year +€16,354
up €16,354 (+345%), from €4,738 to €21,092
of which Other amounts receivable: +€14,759
- Cash -€12,654
down €12,654 (-44.9%), from €28,203 to €15,549
mainly Tax, wage and social debts (-€88,611) and Debts after one year (-€43,404)
- Tax, wage and social debts -€88,611
down €88,611 (-69.3%), from €127,797 to €39,186
of which Remuneration and social security: -€76,238
- Other debts +€79,344
up €79,344 (+21,872%), from €363 to €79,706
- Trade debts +€67,743
up €67,743 (+527%), from €12,857 to €80,600
- Debts after one year -€43,404
down €43,404 (-18.1%), from €240,023 to €196,619
of which Financial debts: -€43,404
- Current portion of long-term debt -€19,226
down €19,226 (-28.5%), from €67,549 to €48,323
- Gross operating margin -€69,046
down €69,046 (-26.6%), from €259,395 to €190,349
- Staff costs -€28,309
down €28,309 (-15.9%), from €177,661 to €149,351
- Financial charges -€5,540
down €5,540 (-30.9%), from €17,943 to €12,403
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 | €425,923 | €406,218 | -€19,705 | -4.6% |
| Fixed assets | 21/28 | €369,858 | €350,776 | -€19,082 | -5.2% |
| Tangible fixed assets | 22/27 | €369,798 | €350,716 | -€19,082 | -5.2% |
| Land and buildings | 22 | €343,576 | €318,625 | -€24,951 | -7.3% |
| Plant, machinery and equipment | 23 | €23,882 | €30,713 | +€6,831 | +28.6% |
| Furniture and vehicles | 24 | €2,340 | €1,378 | -€961 | -41.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €56,066 | €55,443 | -€623 | -1.1% |
| Stocks and contracts in progress | 3 | €13,153 | €10,230 | -€2,923 | -22.2% |
| Stocks | 30/36 | €13,153 | €10,230 | -€2,923 | -22.2% |
| Amounts receivable within one year | 40/41 | €4,738 | €21,092 | +€16,354 | +345% |
| Trade receivables | 40 | €4,420 | €6,016 | +€1,595 | +36.1% |
| Other amounts receivable | 41 | €318 | €15,076 | +€14,759 | +4,648% |
| Cash at bank and in hand | 54/58 | €28,203 | €15,549 | -€12,654 | -44.9% |
| Deferred charges and accrued income | 490/1 | €9,972 | €8,572 | -€1,400 | -14.0% |
| Total equity and liabilities | 10/49 | €425,923 | €406,218 | -€19,705 | -4.6% |
| Equity | 10/15 | -€22,986 | -€38,659 | -€15,673 | -68.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,986 | -€280,659 | -€15,673 | -5.9% |
| Amounts payable | 17/49 | €448,910 | €444,877 | -€4,032 | -0.9% |
| Amounts payable after more than one year | 17 | €240,023 | €196,619 | -€43,404 | -18.1% |
| Financial debts | 170/4 | €72,523 | €29,119 | -€43,404 | -59.8% |
| Other amounts payable | 178/9 | €167,500 | €167,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €208,565 | €247,837 | +€39,272 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €67,549 | €48,323 | -€19,226 | -28.5% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €12,857 | €80,600 | +€67,743 | +527% |
| Suppliers | 440/4 | €12,857 | €80,600 | +€67,743 | +527% |
| Taxes, remuneration and social security | 45 | €127,797 | €39,186 | -€88,611 | -69.3% |
| Taxes | 450/3 | €29,537 | €17,164 | -€12,373 | -41.9% |
| Remuneration and social security | 454/9 | €98,260 | €22,022 | -€76,238 | -77.6% |
| Other amounts payable | 47/48 | €363 | €79,706 | +€79,344 | +21,872% |
| Accrued charges and deferred income | 492/3 | €321 | €422 | +€100 | +31.3% |
| Non-recurring operating income | 76A | €5,372 | €18,356 | +€12,984 | +242% |
| Remuneration, social security and pensions | 62 | €177,661 | €149,351 | -€28,309 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,475 | €34,765 | +€290 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €240 | - | -€240 | |
| Other operating charges | 640/8 | €9,885 | €8,217 | -€1,668 | -16.9% |
| Non-recurring operating charges | 66A | - | €1,581 | +€1,581 | |
| Gross operating margin | 9900 | €259,395 | €190,349 | -€69,046 | -26.6% |
| Operating profit (loss) | 9901 | €37,135 | -€3,565 | -€40,700 | |
| Financial income | 75/76B | €195 | €295 | +€100 | +51.2% |
| Recurring financial income | 75 | €195 | €295 | +€100 | +51.2% |
| Financial charges | 65/66B | €17,943 | €12,403 | -€5,540 | -30.9% |
| Recurring financial charges | 65 | €17,943 | €12,403 | -€5,540 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €19,388 | -€15,673 | -€35,060 | |
| Profit (loss) for the period | 9904 | €19,388 | -€15,673 | -€35,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,388 | -€15,673 | -€35,060 |
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 19 October 2026 via checked.be.