Arty Style: 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.
Arty Style
Largest movements
- Intangible fixed assets -€11,800
down €11,800 (-14.3%), from €82,568 to €70,768
- Tangible fixed assets -€11,785
down €11,785 (-14.6%), from €80,591 to €68,807
of which Furniture and vehicles: -€11,500
- Receivables within one year -€3,357
down €3,357 (-35.3%), from €9,510 to €6,152
- Cash -€2,472
down €2,472 (-6.5%), from €37,792 to €35,320
mainly Debts after one year (-€26,572) and Tax, wage and social debts (-€7,163)
- Debts after one year -€26,572
down €26,572 (-32.0%), from €82,953 to €56,381
- Current portion of long-term debt +€7,366
up €7,366 (+28.3%), from €26,005 to €33,371
- Tax, wage and social debts -€7,163
down €7,163 (-43.7%), from €16,389 to €9,226
of which Taxes: -€5,182
- Gross operating margin -€26,840
down €26,840 (-22.7%), from €118,373 to €91,533
- Depreciation +€10,901
up €10,901 (+69.1%), from €15,784 to €26,685
- Staff costs +€4,634
up €4,634 (+13.4%), from €34,462 to €39,096
- Taxes +€2,785
up €2,785 (+16.1%), from €17,341 to €20,127
- Financial charges +€1,667
up €1,667 (+50.5%), from €3,297 to €4,964
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 | €221,512 | €192,839 | -€28,673 | -12.9% |
| Fixed assets | 21/28 | €163,159 | €139,574 | -€23,585 | -14.5% |
| Intangible fixed assets | 21 | €82,568 | €70,768 | -€11,800 | -14.3% |
| Tangible fixed assets | 22/27 | €80,591 | €68,807 | -€11,785 | -14.6% |
| Land and buildings | 22 | €24,417 | €24,132 | -€285 | -1.2% |
| Furniture and vehicles | 24 | €56,174 | €44,674 | -€11,500 | -20.5% |
| Current assets | 29/58 | €58,353 | €53,265 | -€5,088 | -8.7% |
| Stocks and contracts in progress | 3 | €11,052 | €10,702 | -€350 | -3.2% |
| Stocks | 30/36 | €11,052 | €10,702 | -€350 | -3.2% |
| Amounts receivable within one year | 40/41 | €9,510 | €6,152 | -€3,357 | -35.3% |
| Other amounts receivable | 41 | €9,510 | €6,152 | -€3,357 | -35.3% |
| Cash at bank and in hand | 54/58 | €37,792 | €35,320 | -€2,472 | -6.5% |
| Deferred charges and accrued income | 490/1 | - | €1,091 | +€1,091 | |
| Total equity and liabilities | 10/49 | €221,512 | €192,839 | -€28,673 | -12.9% |
| Equity | 10/15 | €93,255 | €91,309 | -€1,946 | -2.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,255 | €88,309 | -€1,946 | -2.2% |
| Amounts payable | 17/49 | €128,257 | €101,531 | -€26,726 | -20.8% |
| Amounts payable after more than one year | 17 | €82,953 | €56,381 | -€26,572 | -32.0% |
| Financial debts | 170/4 | €82,953 | €56,381 | -€26,572 | -32.0% |
| Amounts payable within one year | 42/48 | €45,304 | €45,150 | -€155 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €26,005 | €33,371 | +€7,366 | +28.3% |
| Trade debts | 44 | €2,910 | €2,553 | -€357 | -12.3% |
| Suppliers | 440/4 | €2,910 | €2,553 | -€357 | -12.3% |
| Taxes, remuneration and social security | 45 | €16,389 | €9,226 | -€7,163 | -43.7% |
| Taxes | 450/3 | €9,389 | €4,207 | -€5,182 | -55.2% |
| Remuneration and social security | 454/9 | €7,001 | €5,019 | -€1,982 | -28.3% |
| Remuneration, social security and pensions | 62 | €34,462 | €39,096 | +€4,634 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,784 | €26,685 | +€10,901 | +69.1% |
| Other operating charges | 640/8 | €2,150 | €2,668 | +€518 | +24.1% |
| Non-recurring operating charges | 66A | €189 | - | -€189 | |
| Gross operating margin | 9900 | €118,373 | €91,533 | -€26,840 | -22.7% |
| Operating profit (loss) | 9901 | €65,788 | €23,085 | -€42,704 | -64.9% |
| Financial income | 75/76B | €68 | €60 | -€8 | -11.8% |
| Recurring financial income | 75 | €68 | €60 | -€8 | -11.8% |
| Financial charges | 65/66B | €3,297 | €4,964 | +€1,667 | +50.5% |
| Recurring financial charges | 65 | €3,297 | €4,964 | +€1,667 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €62,559 | €18,180 | -€44,379 | -70.9% |
| Income taxes | 67/77 | €17,341 | €20,127 | +€2,785 | +16.1% |
| Profit (loss) for the period | 9904 | €45,218 | -€1,946 | -€47,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,218 | -€1,946 | -€47,164 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.