Artstuc: 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.
Artstuc
Largest movements
- Receivables within one year -€29,930
down €29,930 (-20.7%), from €144,290 to €114,360
of which Other amounts receivable: -€33,293
- Cash -€15,568
down €15,568 (-88.2%), from €17,651 to €2,083
mainly Other debts (-€46,576) and Accrued charges and deferred income (-€15,000)
- Tangible fixed assets -€3,059
down €3,059 (-36.9%), from €8,290 to €5,231
of which Plant, machinery and equipment: -€2,198
- Financial fixed assets +€2,700
new in 2025: €2,700
- Other debts -€46,576
down €46,576 (-100%), from €46,576 to €0
- Accrued charges and deferred income -€15,000
down €15,000 (-100%), from €15,000 to €0
- Trade debts +€10,042
up €10,042 (+24.3%), from €41,365 to €51,407
- Reserves +€9,354
up €9,354 (+16.5%), from €56,720 to €66,074
- Tax, wage and social debts -€2,448
down €2,448 (-63.6%), from €3,848 to €1,400
- Gross operating margin -€11,659
down €11,659 (-35.1%), from €33,190 to €21,531
- Taxes -€2,961
down €2,961 (-38.2%), from €7,744 to €4,783
- Financial charges -€377
down €377 (-14.7%), from €2,560 to €2,183
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 | €177,445 | €132,219 | -€45,226 | -25.5% |
| Fixed assets | 21/28 | €8,290 | €7,931 | -€359 | -4.3% |
| Tangible fixed assets | 22/27 | €8,290 | €5,231 | -€3,059 | -36.9% |
| Plant, machinery and equipment | 23 | €4,789 | €2,590 | -€2,198 | -45.9% |
| Furniture and vehicles | 24 | €3,501 | €2,641 | -€861 | -24.6% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €169,155 | €124,288 | -€44,867 | -26.5% |
| Stocks and contracts in progress | 3 | €4,259 | €3,891 | -€369 | -8.7% |
| Stocks | 30/36 | €4,259 | €3,891 | -€369 | -8.7% |
| Amounts receivable within one year | 40/41 | €144,290 | €114,360 | -€29,930 | -20.7% |
| Trade receivables | 40 | €88,063 | €91,426 | +€3,363 | +3.8% |
| Other amounts receivable | 41 | €56,227 | €22,934 | -€33,293 | -59.2% |
| Cash at bank and in hand | 54/58 | €17,651 | €2,083 | -€15,568 | -88.2% |
| Deferred charges and accrued income | 490/1 | €2,954 | €3,954 | +€1,000 | +33.8% |
| Total equity and liabilities | 10/49 | €177,445 | €132,219 | -€45,226 | -25.5% |
| Equity | 10/15 | €69,129 | €78,483 | +€9,354 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,720 | €66,074 | +€9,354 | +16.5% |
| Distributable reserves | 133 | €56,720 | €66,074 | +€9,354 | +16.5% |
| Profit (loss) carried forward | 14 | €6,209 | €6,209 | = | 0.0% |
| Amounts payable | 17/49 | €108,316 | €53,736 | -€54,580 | -50.4% |
| Amounts payable within one year | 42/48 | €93,316 | €53,736 | -€39,580 | -42.4% |
| Financial debts | 43 | €1,527 | €929 | -€598 | -39.2% |
| Credit institutions | 430/8 | €1,527 | €929 | -€598 | -39.2% |
| Trade debts | 44 | €41,365 | €51,407 | +€10,042 | +24.3% |
| Suppliers | 440/4 | €41,365 | €51,407 | +€10,042 | +24.3% |
| Taxes, remuneration and social security | 45 | €3,848 | €1,400 | -€2,448 | -63.6% |
| Taxes | 450/3 | €3,848 | €1,400 | -€2,448 | -63.6% |
| Other amounts payable | 47/48 | €46,576 | €0 | -€46,576 | -100% |
| Accrued charges and deferred income | 492/3 | €15,000 | €0 | -€15,000 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,234 | €3,930 | -€304 | -7.2% |
| Other operating charges | 640/8 | €1,350 | €1,363 | +€13 | +0.9% |
| Gross operating margin | 9900 | €33,190 | €21,531 | -€11,659 | -35.1% |
| Operating profit (loss) | 9901 | €27,605 | €16,237 | -€11,368 | -41.2% |
| Financial income | 75/76B | €236 | €83 | -€153 | -65.0% |
| Recurring financial income | 75 | €236 | €83 | -€153 | -65.0% |
| Financial charges | 65/66B | €2,560 | €2,183 | -€377 | -14.7% |
| Recurring financial charges | 65 | €2,560 | €2,183 | -€377 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €25,281 | €14,137 | -€11,144 | -44.1% |
| Income taxes | 67/77 | €7,744 | €4,783 | -€2,961 | -38.2% |
| Profit (loss) for the period | 9904 | €17,537 | €9,354 | -€8,183 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,537 | €9,354 | -€8,183 | -46.7% |
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 27 October 2026 via checked.be.