ArtSpot: 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.
ArtSpot
Largest movements
- Receivables within one year +€56,391
up €56,391 (+27.7%), from €203,301 to €259,693
of which Trade receivables: +€56,261
- Cash +€35,310
up €35,310 (+91.8%), from €38,459 to €73,769
mainly Net result for the year (+€33,070) and Other debts (+€26,950)
- Reserves +€29,000
up €29,000 (+132%), from €21,900 to €50,900
- Other debts +€26,950
up €26,950 (+56.9%), from €47,345 to €74,295
- Tax, wage and social debts +€19,205
up €19,205 (+36.1%), from €53,155 to €72,360
of which Taxes: +€22,905
- Trade debts +€10,646
up €10,646 (+86.3%), from €12,329 to €22,975
- Profit (loss) carried forward +€4,070
up €4,070 (+66.7%), from -€6,106 to -€2,036
- Gross operating margin +€53,605
up €53,605, from -€4,018 to €49,587
- Taxes +€14,458
new in 2025: €14,458
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 | €248,410 | €338,281 | +€89,871 | +36.2% |
| Fixed assets | 21/28 | €6,074 | €4,244 | -€1,830 | -30.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,774 | €3,944 | -€1,830 | -31.7% |
| Plant, machinery and equipment | 23 | €1,156 | €1,156 | = | 0.0% |
| Furniture and vehicles | 24 | €4,618 | €2,788 | -€1,830 | -39.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €242,335 | €334,036 | +€91,701 | +37.8% |
| Amounts receivable within one year | 40/41 | €203,301 | €259,693 | +€56,391 | +27.7% |
| Trade receivables | 40 | €192,799 | €249,060 | +€56,261 | +29.2% |
| Other amounts receivable | 41 | €10,502 | €10,632 | +€130 | +1.2% |
| Cash at bank and in hand | 54/58 | €38,459 | €73,769 | +€35,310 | +91.8% |
| Deferred charges and accrued income | 490/1 | €575 | €575 | = | 0.0% |
| Total equity and liabilities | 10/49 | €248,410 | €338,281 | +€89,871 | +36.2% |
| Equity | 10/15 | €32,853 | €65,923 | +€33,070 | +101% |
| Contributions | 10/11 | €17,059 | €17,059 | = | 0.0% |
| Reserves | 13 | €21,900 | €50,900 | +€29,000 | +132% |
| Distributable reserves | 133 | €21,900 | €50,900 | +€29,000 | +132% |
| Profit (loss) carried forward | 14 | -€6,106 | -€2,036 | +€4,070 | +66.7% |
| Amounts payable | 17/49 | €215,557 | €272,358 | +€56,801 | +26.4% |
| Amounts payable within one year | 42/48 | €215,557 | €272,358 | +€56,801 | +26.4% |
| Trade debts | 44 | €12,329 | €22,975 | +€10,646 | +86.3% |
| Suppliers | 440/4 | €12,329 | €22,975 | +€10,646 | +86.3% |
| Advances received on contracts in progress | 46 | €102,728 | €102,728 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €53,155 | €72,360 | +€19,205 | +36.1% |
| Taxes | 450/3 | €20,851 | €43,755 | +€22,905 | +110% |
| Remuneration and social security | 454/9 | €32,305 | €28,605 | -€3,700 | -11.5% |
| Other amounts payable | 47/48 | €47,345 | €74,295 | +€26,950 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €1,830 | -€134 | -6.8% |
| Other operating charges | 640/8 | €229 | €66 | -€163 | -71.3% |
| Gross operating margin | 9900 | -€4,018 | €49,587 | +€53,605 | |
| Operating profit (loss) | 9901 | -€6,211 | €47,692 | +€53,902 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €257 | €163 | -€93 | -36.4% |
| Recurring financial charges | 65 | €257 | €163 | -€93 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,468 | €47,528 | +€53,996 | |
| Income taxes | 67/77 | - | €14,458 | +€14,458 | |
| Profit (loss) for the period | 9904 | -€6,468 | €33,070 | +€39,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,468 | €33,070 | +€39,538 |
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 13 October 2026 via checked.be.