ARTVEST: 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.
ARTVEST
Largest movements
- Receivables within one year -€2,320
down €2,320 (-24.3%), from €9,548 to €7,228
of which Trade receivables: -€2,574
- Tangible fixed assets +€656
up €656 (+34.0%), from €1,932 to €2,588
of which Furniture and vehicles: +€1,181
- Profit (loss) carried forward -€7,112
down €7,112 (-4.5%), from -€157,133 to -€164,245
- Other debts +€5,654
up €5,654 (+4.1%), from €136,273 to €141,927
- Trade debts -€509
down €509 (-20.1%), from €2,531 to €2,022
- Gross operating margin -€6,252
down €6,252 (-12,023%), from -€52 to -€6,304
- Other operating charges +€400
new in 2025: €400
- Financial income +€360
new in 2025: €360
of which Financial income: +€360
- Depreciation +€157
up €157 (+29.9%), from €525 to €682
- Financial charges -€130
down €130 (-60.2%), from €216 to €86
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 | €43,384 | €41,492 | -€1,892 | -4.4% |
| Fixed assets | 21/28 | €1,932 | €2,588 | +€656 | +34.0% |
| Tangible fixed assets | 22/27 | €1,932 | €2,588 | +€656 | +34.0% |
| Plant, machinery and equipment | 23 | €1,932 | €1,407 | -€525 | -27.2% |
| Furniture and vehicles | 24 | - | €1,181 | +€1,181 | |
| Current assets | 29/58 | €41,452 | €38,904 | -€2,548 | -6.1% |
| Stocks and contracts in progress | 3 | €31,435 | €31,435 | = | 0.0% |
| Stocks | 30/36 | €31,435 | €31,435 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,548 | €7,228 | -€2,320 | -24.3% |
| Trade receivables | 40 | €7,405 | €4,831 | -€2,574 | -34.8% |
| Other amounts receivable | 41 | €2,143 | €2,397 | +€254 | +11.9% |
| Cash at bank and in hand | 54/58 | €469 | €241 | -€228 | -48.6% |
| Total equity and liabilities | 10/49 | €43,384 | €41,492 | -€1,892 | -4.4% |
| Equity | 10/15 | -€95,420 | -€102,532 | -€7,112 | -7.5% |
| Contributions | 10/11 | €54,413 | €54,413 | = | 0.0% |
| Capital | 10 | €54,413 | €54,413 | = | 0.0% |
| Issued capital | 100 | €54,413 | €54,413 | = | 0.0% |
| Reserves | 13 | €7,300 | €7,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,441 | €5,441 | = | 0.0% |
| Legal reserve | 130 | €5,441 | €5,441 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,133 | -€164,245 | -€7,112 | -4.5% |
| Amounts payable | 17/49 | €138,804 | €144,024 | +€5,220 | +3.8% |
| Amounts payable within one year | 42/48 | €138,804 | €143,949 | +€5,145 | +3.7% |
| Trade debts | 44 | €2,531 | €2,022 | -€509 | -20.1% |
| Suppliers | 440/4 | €2,531 | €2,022 | -€509 | -20.1% |
| Other amounts payable | 47/48 | €136,273 | €141,927 | +€5,654 | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €682 | +€157 | +29.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€52 | -€6,304 | -€6,252 | -12,023% |
| Operating profit (loss) | 9901 | -€577 | -€7,386 | -€6,809 | -1,180% |
| Financial income | 75/76B | - | €360 | +€360 | |
| Recurring financial income | 75 | - | €360 | +€360 | |
| Non-recurring financial income | 76B | - | €360 | +€360 | |
| Financial charges | 65/66B | €216 | €86 | -€130 | -60.2% |
| Recurring financial charges | 65 | €216 | €86 | -€130 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€793 | -€7,112 | -€6,319 | -797% |
| Profit (loss) for the period | 9904 | -€793 | -€7,112 | -€6,319 | -797% |
| Profit (loss) for the period to be appropriated | 9905 | -€793 | -€7,112 | -€6,319 | -797% |
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 15 October 2026 via checked.be.