ARTSIDE DEVELOPMENT: what changed
Two fiscal 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.
ARTSIDE DEVELOPMENT
Largest movements
- Financial fixed assets +€2.4m
up €2.4m (+10.2%), from €23.4m to €25.8m
- Other debts +€2.3m
up €2.3m (+11.0%), from €21.3m to €23.6m
- Financial income -€609,761
down €609,761 (-78.4%), from €778,232 to €168,470
- Taxes -€16,149
down €16,149 (-56.6%), from €28,529 to €12,380
- Financial charges -€13,281
down €13,281 (-10.1%), from €132,088 to €118,807
- Gross operating margin -€1,238
down €1,238 (-119.3%), from -€1,037 to -€2,275
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.
Cash bridge derived
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 | €24,861,966 | €27,208,097 | +€2.3m | +9.4% |
| Fixed assets | 21/28 | €24,310,778 | €26,656,789 | +€2.3m | +9.7% |
| Tangible fixed assets | 22/27 | €935,240 | €895,280 | -€39,960 | -4.3% |
| Land and buildings | 22 | €935,240 | €895,280 | -€39,960 | -4.3% |
| Financial fixed assets | 28 | €23,375,538 | €25,761,509 | +€2.4m | +10.2% |
| Current assets | 29/58 | €551,187 | €551,308 | +€121 | 0.0% |
| Amounts receivable within one year | 40/41 | €551,141 | €551,141 | = | 0.0% |
| Other amounts receivable | 41 | €551,141 | €551,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46 | €33 | -€14 | -29.7% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €24,861,966 | €27,208,097 | +€2.3m | +9.4% |
| Equity | 10/15 | €3,540,443 | €3,534,492 | -€5,950 | -0.2% |
| Contributions | 10/11 | €5,050,147 | €5,050,147 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,511,564 | -€1,517,515 | -€5,950 | -0.4% |
| Amounts payable | 17/49 | €21,321,523 | €23,673,604 | +€2.4m | +11.0% |
| Amounts payable within one year | 42/48 | €21,321,523 | €23,673,604 | +€2.4m | +11.0% |
| Trade debts | 44 | €2,097 | €3,002 | +€904 | +43.1% |
| Suppliers | 440/4 | €2,097 | €3,002 | +€904 | +43.1% |
| Taxes, remuneration and social security | 45 | €28,529 | €40,910 | +€12,380 | +43.4% |
| Taxes | 450/3 | €28,529 | €40,910 | +€12,380 | +43.4% |
| Other amounts payable | 47/48 | €21,290,896 | €23,629,693 | +€2.3m | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,960 | €39,960 | = | 0.0% |
| Other operating charges | 640/8 | €979 | €998 | +€19 | +2.0% |
| Gross operating margin | 9900 | -€1,037 | -€2,275 | -€1,238 | -119.3% |
| Operating profit (loss) | 9901 | -€41,976 | -€43,233 | -€1,257 | -3.0% |
| Financial income | 75/76B | €778,232 | €168,470 | -€609,761 | -78.4% |
| Recurring financial income | 75 | €778,232 | €168,470 | -€609,761 | -78.4% |
| Financial charges | 65/66B | €132,088 | €118,807 | -€13,281 | -10.1% |
| Recurring financial charges | 65 | €132,088 | €118,807 | -€13,281 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €604,167 | €6,430 | -€597,737 | -98.9% |
| Income taxes | 67/77 | €28,529 | €12,380 | -€16,149 | -56.6% |
| Profit (loss) for the period | 9904 | €575,638 | -€5,950 | -€581,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €575,638 | -€5,950 | -€581,588 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.