Arty Pictures: 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.
Arty Pictures
Largest movements
- Receivables within one year +€21,916
up €21,916 (+146%), from €15,054 to €36,970
of which Other amounts receivable: +€19,092
- Tangible fixed assets -€13,436
down €13,436 (-25.6%), from €52,551 to €39,115
of which Leasing and similar rights: -€9,530
- Cash +€6,033
up €6,033 (+131%), from €4,606 to €10,640
mainly Other debts (+€43,446) and Net result for the year (+€16,905)
- Deferred charges and accrued income +€1,320
up €1,320 (+57.1%), from €2,311 to €3,631
- Other debts +€43,446
new in 2026: €43,446
- Reserves -€26,541
down €26,541 (-100%), from €26,541 to €0
- Debts after one year -€6,874
down €6,874 (-25.4%), from €27,016 to €20,142
- Short-term financial debts +€3,462
new in 2026: €3,462
of which Other loans: +€2,962
- Trade debts +€1,175
up €1,175 (+36.1%), from €3,251 to €4,426
- Gross operating margin +€10,112
up €10,112 (+32.3%), from €31,349 to €41,461
- Depreciation +€7,608
up €7,608 (+108%), from €7,021 to €14,629
- Financial charges +€1,472
up €1,472 (+269%), from €547 to €2,018
- Taxes +€1,092
up €1,092 (+19.6%), from €5,577 to €6,670
- Other operating charges +€733
up €733 (+56.9%), from €1,288 to €2,021
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,553 | €90,356 | +€15,803 | +21.2% |
| Fixed assets | 21/28 | €52,581 | €39,115 | -€13,466 | -25.6% |
| Tangible fixed assets | 22/27 | €52,551 | €39,115 | -€13,436 | -25.6% |
| Plant, machinery and equipment | 23 | €3,276 | €0 | -€3,276 | -100% |
| Furniture and vehicles | 24 | €3,408 | €3,174 | -€234 | -6.9% |
| Leasing and similar rights | 25 | €45,088 | €35,558 | -€9,530 | -21.1% |
| Other tangible fixed assets | 26 | €779 | €382 | -€397 | -50.9% |
| Financial fixed assets | 28 | €30 | €0 | -€30 | -100% |
| Current assets | 29/58 | €21,972 | €51,241 | +€29,269 | +133% |
| Amounts receivable within one year | 40/41 | €15,054 | €36,970 | +€21,916 | +146% |
| Trade receivables | 40 | €4,932 | €7,756 | +€2,824 | +57.3% |
| Other amounts receivable | 41 | €10,122 | €29,214 | +€19,092 | +189% |
| Cash at bank and in hand | 54/58 | €4,606 | €10,640 | +€6,033 | +131% |
| Deferred charges and accrued income | 490/1 | €2,311 | €3,631 | +€1,320 | +57.1% |
| Total equity and liabilities | 10/49 | €74,553 | €90,356 | +€15,803 | +21.2% |
| Equity | 10/15 | €31,541 | €5,000 | -€26,541 | -84.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,541 | €0 | -€26,541 | -100% |
| Distributable reserves | 133 | €26,541 | €0 | -€26,541 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €43,012 | €85,356 | +€42,344 | +98.4% |
| Amounts payable after more than one year | 17 | €27,016 | €20,142 | -€6,874 | -25.4% |
| Financial debts | 170/4 | €27,016 | €20,142 | -€6,874 | -25.4% |
| Amounts payable within one year | 42/48 | €15,996 | €65,214 | +€49,219 | +308% |
| Current portion of amounts payable after more than one year | 42 | €6,647 | €6,874 | +€227 | +3.4% |
| Financial debts | 43 | - | €3,462 | +€3,462 | |
| Credit institutions | 430/8 | - | €500 | +€500 | |
| Other loans | 439 | - | €2,962 | +€2,962 | |
| Trade debts | 44 | €3,251 | €4,426 | +€1,175 | +36.1% |
| Suppliers | 440/4 | €3,251 | €4,426 | +€1,175 | +36.1% |
| Taxes, remuneration and social security | 45 | €6,098 | €7,006 | +€908 | +14.9% |
| Taxes | 450/3 | €6,098 | €7,006 | +€908 | +14.9% |
| Other amounts payable | 47/48 | - | €43,446 | +€43,446 | |
| Non-recurring operating income | 76A | €7,082 | €0 | -€7,082 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €14,629 | +€7,608 | +108% |
| Other operating charges | 640/8 | €1,288 | €2,021 | +€733 | +56.9% |
| Gross operating margin | 9900 | €31,349 | €41,461 | +€10,112 | +32.3% |
| Operating profit (loss) | 9901 | €23,040 | €24,812 | +€1,772 | +7.7% |
| Financial income | 75/76B | €470 | €781 | +€311 | +66.2% |
| Recurring financial income | 75 | €470 | €781 | +€311 | +66.2% |
| Financial charges | 65/66B | €547 | €2,018 | +€1,472 | +269% |
| Recurring financial charges | 65 | €547 | €2,018 | +€1,472 | +269% |
| Profit (loss) for the period before taxes | 9903 | €22,963 | €23,574 | +€611 | +2.7% |
| Income taxes | 67/77 | €5,577 | €6,670 | +€1,092 | +19.6% |
| Profit (loss) for the period | 9904 | €17,386 | €16,905 | -€481 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,386 | €16,905 | -€481 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.