ARTSTUDIO TORFS: 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.
ARTSTUDIO TORFS
Largest movements
- Receivables within one year -€6,967
down €6,967 (-37.3%), from €18,656 to €11,690
- Cash -€6,138
down €6,138 (-7.0%), from €87,681 to €81,543
mainly Investment in fixed assets (net) (-€22,611) and Debts after one year (-€15,967)
- Tangible fixed assets -€3,883
down €3,883 (-6.0%), from €64,874 to €60,992
of which Furniture and vehicles: -€21,221
- Debts after one year -€15,967
no longer reported in 2025 (was €15,967)
- Profit (loss) carried forward +€15,440
up €15,440 (+28.7%), from €53,832 to €69,271
- Accrued charges and deferred income -€8,588
down €8,588 (-89.6%), from €9,588 to €1,000
- Trade debts -€4,028
down €4,028 (-66.7%), from €6,042 to €2,014
- Current portion of long-term debt -€3,193
down €3,193 (-16.7%), from €19,160 to €15,967
- Gross operating margin +€12,606
up €12,606 (+37.4%), from €33,680 to €46,287
- Taxes +€1,980
up €1,980 (+62.4%), from €3,174 to €5,153
- Financial income +€979
up €979 (+57.2%), from €1,713 to €2,692
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 | €172,624 | €156,287 | -€16,337 | -9.5% |
| Fixed assets | 21/28 | €64,874 | €60,992 | -€3,883 | -6.0% |
| Tangible fixed assets | 22/27 | €64,874 | €60,992 | -€3,883 | -6.0% |
| Land and buildings | 22 | - | €17,162 | +€17,162 | |
| Plant, machinery and equipment | 23 | €7,358 | €7,535 | +€177 | +2.4% |
| Furniture and vehicles | 24 | €57,517 | €36,295 | -€21,221 | -36.9% |
| Current assets | 29/58 | €107,750 | €95,295 | -€12,454 | -11.6% |
| Amounts receivable within one year | 40/41 | €18,656 | €11,690 | -€6,967 | -37.3% |
| Trade receivables | 40 | €18,656 | €11,690 | -€6,967 | -37.3% |
| Cash at bank and in hand | 54/58 | €87,681 | €81,543 | -€6,138 | -7.0% |
| Deferred charges and accrued income | 490/1 | €1,413 | €2,063 | +€650 | +46.0% |
| Total equity and liabilities | 10/49 | €172,624 | €156,287 | -€16,337 | -9.5% |
| Equity | 10/15 | €121,867 | €137,306 | +€15,440 | +12.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €43,035 | €43,035 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €37,535 | €37,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,832 | €69,271 | +€15,440 | +28.7% |
| Amounts payable | 17/49 | €50,757 | €18,981 | -€31,777 | -62.6% |
| Amounts payable after more than one year | 17 | €15,967 | - | -€15,967 | |
| Financial debts | 170/4 | €15,967 | - | -€15,967 | |
| Amounts payable within one year | 42/48 | €25,202 | €17,981 | -€7,221 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €19,160 | €15,967 | -€3,193 | -16.7% |
| Trade debts | 44 | €6,042 | €2,014 | -€4,028 | -66.7% |
| Suppliers | 440/4 | €6,042 | €2,014 | -€4,028 | -66.7% |
| Accrued charges and deferred income | 492/3 | €9,588 | €1,000 | -€8,588 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,717 | €26,493 | -€224 | -0.8% |
| Other operating charges | 640/8 | €675 | €553 | -€122 | -18.1% |
| Gross operating margin | 9900 | €33,680 | €46,287 | +€12,606 | +37.4% |
| Operating profit (loss) | 9901 | €6,288 | €19,240 | +€12,953 | +206.0% |
| Financial income | 75/76B | €1,713 | €2,692 | +€979 | +57.2% |
| Recurring financial income | 75 | €1,713 | €2,692 | +€979 | +57.2% |
| Financial charges | 65/66B | €1,569 | €1,340 | -€229 | -14.6% |
| Recurring financial charges | 65 | €736 | €507 | -€229 | -31.1% |
| Non-recurring financial charges | 66B | €833 | €833 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,432 | €20,593 | +€14,161 | +220.2% |
| Income taxes | 67/77 | €3,174 | €5,153 | +€1,980 | +62.4% |
| Profit (loss) for the period | 9904 | €3,258 | €15,440 | +€12,182 | +373.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,258 | €15,440 | +€12,182 | +373.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.