ARTWORK CREATIVE: 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.
ARTWORK CREATIVE
Largest movements
- Tangible fixed assets -€5,899
down €5,899 (-43.2%), from €13,663 to €7,764
of which Plant, machinery and equipment: -€6,700
- Receivables within one year -€2,321
down €2,321 (-66.4%), from €3,492 to €1,172
of which Trade receivables: -€2,322
- Deferred charges and accrued income -€1,002
down €1,002 (-13.8%), from €7,245 to €6,243
- Cash +€456
up €456 (+90.0%), from €507 to €963
mainly Depreciation (+€7,294) and Net result for the year (+€2,955)
- Debts after one year -€12,631
down €12,631 (-65.3%), from €19,355 to €6,724
- Reserves +€3,172
new in 2025: €3,172
- Advances received +€1,030
new in 2025: €1,030
- Trade debts -€995
down €995 (-60.0%), from €1,659 to €664
- Tax, wage and social debts +€876
up €876 (+74.4%), from €1,177 to €2,052
- Gross operating margin +€4,017
up €4,017 (+42.2%), from €9,509 to €13,526
- Taxes +€1,014
up €1,014 (+1,553%), from €65 to €1,079
- Financial charges +€473
up €473 (+45.2%), from €1,045 to €1,518
- Other operating charges -€399
down €399 (-37.0%), from €1,078 to €680
- Depreciation +€192
up €192 (+2.7%), from €7,102 to €7,294
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 | €24,907 | €16,142 | -€8,765 | -35.2% |
| Fixed assets | 21/28 | €13,663 | €7,764 | -€5,899 | -43.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €13,663 | €7,764 | -€5,899 | -43.2% |
| Plant, machinery and equipment | 23 | €12,661 | €5,961 | -€6,700 | -52.9% |
| Furniture and vehicles | 24 | €1,002 | €1,803 | +€801 | +79.9% |
| Current assets | 29/58 | €11,244 | €8,378 | -€2,866 | -25.5% |
| Amounts receivable within one year | 40/41 | €3,492 | €1,172 | -€2,321 | -66.4% |
| Trade receivables | 40 | €3,492 | €1,171 | -€2,322 | -66.5% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €507 | €963 | +€456 | +90.0% |
| Deferred charges and accrued income | 490/1 | €7,245 | €6,243 | -€1,002 | -13.8% |
| Total equity and liabilities | 10/49 | €24,907 | €16,142 | -€8,765 | -35.2% |
| Equity | 10/15 | €2,717 | €5,672 | +€2,955 | +109% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €3,172 | +€3,172 | |
| Distributable reserves | 133 | - | €3,172 | +€3,172 | |
| Profit (loss) carried forward | 14 | €217 | €0 | -€217 | -100% |
| Amounts payable | 17/49 | €22,190 | €10,470 | -€11,720 | -52.8% |
| Amounts payable after more than one year | 17 | €19,355 | €6,724 | -€12,631 | -65.3% |
| Other amounts payable | 178/9 | €19,355 | €6,724 | -€12,631 | -65.3% |
| Amounts payable within one year | 42/48 | €2,835 | €3,746 | +€911 | +32.1% |
| Trade debts | 44 | €1,659 | €664 | -€995 | -60.0% |
| Suppliers | 440/4 | €1,659 | €664 | -€995 | -60.0% |
| Advances received on contracts in progress | 46 | - | €1,030 | +€1,030 | |
| Taxes, remuneration and social security | 45 | €1,177 | €2,052 | +€876 | +74.4% |
| Taxes | 450/3 | €1,177 | €2,052 | +€876 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,102 | €7,294 | +€192 | +2.7% |
| Other operating charges | 640/8 | €1,078 | €680 | -€399 | -37.0% |
| Gross operating margin | 9900 | €9,509 | €13,526 | +€4,017 | +42.2% |
| Operating profit (loss) | 9901 | €1,329 | €5,552 | +€4,224 | +318% |
| Financial charges | 65/66B | €1,045 | €1,518 | +€473 | +45.2% |
| Recurring financial charges | 65 | €1,045 | €1,518 | +€473 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €284 | €4,034 | +€3,751 | +1,323% |
| Income taxes | 67/77 | €65 | €1,079 | +€1,014 | +1,553% |
| Profit (loss) for the period | 9904 | €218 | €2,955 | +€2,737 | +1,254% |
| Profit (loss) for the period to be appropriated | 9905 | €218 | €2,955 | +€2,737 | +1,254% |
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 21 October 2026 via checked.be.