ARTS-SQUARE: 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-SQUARE
Largest movements
- Receivables within one year -€9,148
down €9,148 (-15.1%), from €60,563 to €51,415
of which Trade receivables: -€15,010
- Tangible fixed assets -€5,645
down €5,645 (-16.1%), from €35,154 to €29,508
- Deferred charges and accrued income -€1,839
down €1,839 (-36.3%), from €5,064 to €3,224
- Cash +€1,155
new in 2025: €1,155
mainly Other debts (+€10,073) and Depreciation (+€10,052)
- Short-term financial debts -€20,688
no longer reported in 2025 (was €20,688)
- Other debts +€10,073
up €10,073 (+18.4%), from €54,654 to €64,727
- Tax, wage and social debts -€2,268
down €2,268 (-72.2%), from €3,142 to €874
- Trade debts -€1,744
no longer reported in 2025 (was €1,744)
- Gross operating margin +€4,041
up €4,041 (+37.3%), from €10,845 to €14,886
- Depreciation +€3,408
up €3,408 (+51.3%), from €6,644 to €10,052
- Other operating charges +€2,416
up €2,416 (+246%), from €983 to €3,399
- Financial charges +€2,205
up €2,205 (+404%), from €545 to €2,750
- Taxes -€987
down €987, from €522 to -€465
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 | €100,781 | €85,303 | -€15,478 | -15.4% |
| Fixed assets | 21/28 | €35,154 | €29,508 | -€5,645 | -16.1% |
| Tangible fixed assets | 22/27 | €35,154 | €29,508 | -€5,645 | -16.1% |
| Furniture and vehicles | 24 | €35,154 | €29,508 | -€5,645 | -16.1% |
| Current assets | 29/58 | €65,627 | €55,794 | -€9,832 | -15.0% |
| Amounts receivable within one year | 40/41 | €60,563 | €51,415 | -€9,148 | -15.1% |
| Trade receivables | 40 | €50,678 | €35,667 | -€15,010 | -29.6% |
| Other amounts receivable | 41 | €9,886 | €15,748 | +€5,862 | +59.3% |
| Cash at bank and in hand | 54/58 | - | €1,155 | +€1,155 | |
| Deferred charges and accrued income | 490/1 | €5,064 | €3,224 | -€1,839 | -36.3% |
| Total equity and liabilities | 10/49 | €100,781 | €85,303 | -€15,478 | -15.4% |
| Equity | 10/15 | €20,552 | €19,702 | -€850 | -4.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147 | -€703 | -€850 | |
| Amounts payable | 17/49 | €80,228 | €65,601 | -€14,627 | -18.2% |
| Amounts payable within one year | 42/48 | €80,228 | €65,601 | -€14,627 | -18.2% |
| Financial debts | 43 | €20,688 | - | -€20,688 | |
| Credit institutions | 430/8 | €20,688 | - | -€20,688 | |
| Trade debts | 44 | €1,744 | - | -€1,744 | |
| Suppliers | 440/4 | €1,744 | - | -€1,744 | |
| Taxes, remuneration and social security | 45 | €3,142 | €874 | -€2,268 | -72.2% |
| Taxes | 450/3 | €3,142 | €874 | -€2,268 | -72.2% |
| Other amounts payable | 47/48 | €54,654 | €64,727 | +€10,073 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,644 | €10,052 | +€3,408 | +51.3% |
| Other operating charges | 640/8 | €983 | €3,399 | +€2,416 | +246% |
| Gross operating margin | 9900 | €10,845 | €14,886 | +€4,041 | +37.3% |
| Operating profit (loss) | 9901 | €3,218 | €1,435 | -€1,783 | -55.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +445% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +445% |
| Financial charges | 65/66B | €545 | €2,750 | +€2,205 | +404% |
| Recurring financial charges | 65 | €545 | €2,750 | +€2,205 | +404% |
| Profit (loss) for the period before taxes | 9903 | €2,672 | -€1,315 | -€3,987 | |
| Income taxes | 67/77 | €522 | -€465 | -€987 | |
| Profit (loss) for the period | 9904 | €2,150 | -€850 | -€3,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,150 | -€850 | -€3,001 |
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.