b-ART: 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.
b-ART
Largest movements
- Tangible fixed assets -€13,641
down €13,641 (-19.6%), from €69,564 to €55,923
of which Leasing and similar rights: -€11,232
- Receivables within one year +€11,130
up €11,130 (+184%), from €6,062 to €17,192
of which Other amounts receivable: +€9,315
- Cash -€10,419
down €10,419 (-55.1%), from €18,910 to €8,491
mainly Debts after one year (-€13,760) and Receivables within one year (-€11,130)
- Deferred charges and accrued income -€2,577
down €2,577 (-69.6%), from €3,704 to €1,126
- Debts after one year -€13,760
down €13,760 (-44.0%), from €31,298 to €17,538
- Tax, wage and social debts -€1,574
down €1,574 (-26.5%), from €5,941 to €4,367
of which Taxes: -€1,572
- Profit (loss) carried forward -€1,353
new in 2025: -€1,353
- Gross operating margin -€10,065
down €10,065 (-34.4%), from €29,237 to €19,172
- Taxes -€2,693
down €2,693 (-75.9%), from €3,549 to €856
- Depreciation +€941
up €941 (+6.3%), from €14,968 to €15,908
- Financial charges -€937
down €937 (-23.7%), from €3,952 to €3,016
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 | €125,853 | €110,346 | -€15,507 | -12.3% |
| Fixed assets | 21/28 | €69,677 | €56,036 | -€13,641 | -19.6% |
| Tangible fixed assets | 22/27 | €69,564 | €55,923 | -€13,641 | -19.6% |
| Land and buildings | 22 | €17,133 | €15,232 | -€1,901 | -11.1% |
| Furniture and vehicles | 24 | €6,829 | €6,321 | -€508 | -7.4% |
| Leasing and similar rights | 25 | €45,602 | €34,370 | -€11,232 | -24.6% |
| Financial fixed assets | 28 | €113 | €113 | = | 0.0% |
| Current assets | 29/58 | €56,176 | €54,310 | -€1,866 | -3.3% |
| Amounts receivable after more than one year | 29 | €27,500 | €27,500 | = | 0.0% |
| Other amounts receivable | 291 | €27,500 | €27,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,062 | €17,192 | +€11,130 | +184% |
| Trade receivables | 40 | €48 | €1,863 | +€1,815 | +3,766% |
| Other amounts receivable | 41 | €6,014 | €15,329 | +€9,315 | +155% |
| Cash at bank and in hand | 54/58 | €18,910 | €8,491 | -€10,419 | -55.1% |
| Deferred charges and accrued income | 490/1 | €3,704 | €1,126 | -€2,577 | -69.6% |
| Total equity and liabilities | 10/49 | €125,853 | €110,346 | -€15,507 | -12.3% |
| Equity | 10/15 | €72,156 | €70,803 | -€1,353 | -1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,156 | €52,156 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,261 | €32,261 | = | 0.0% |
| Distributable reserves | 133 | €19,896 | €19,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,353 | -€1,353 | |
| Amounts payable | 17/49 | €53,697 | €39,543 | -€14,154 | -26.4% |
| Amounts payable after more than one year | 17 | €31,298 | €17,538 | -€13,760 | -44.0% |
| Financial debts | 170/4 | €31,298 | €17,538 | -€13,760 | -44.0% |
| Amounts payable within one year | 42/48 | €22,399 | €22,005 | -€394 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €12,854 | €13,760 | +€906 | +7.0% |
| Trade debts | 44 | €3,604 | €3,878 | +€274 | +7.6% |
| Suppliers | 440/4 | €3,604 | €3,878 | +€274 | +7.6% |
| Taxes, remuneration and social security | 45 | €5,941 | €4,367 | -€1,574 | -26.5% |
| Taxes | 450/3 | €3,443 | €1,871 | -€1,572 | -45.7% |
| Remuneration and social security | 454/9 | €2,498 | €2,495 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,968 | €15,908 | +€941 | +6.3% |
| Other operating charges | 640/8 | €2,168 | €1,899 | -€269 | -12.4% |
| Gross operating margin | 9900 | €29,237 | €19,172 | -€10,065 | -34.4% |
| Operating profit (loss) | 9901 | €12,101 | €1,364 | -€10,737 | -88.7% |
| Financial income | 75/76B | €1,398 | €1,154 | -€244 | -17.5% |
| Recurring financial income | 75 | €1,398 | €1,154 | -€244 | -17.5% |
| Financial charges | 65/66B | €3,952 | €3,016 | -€937 | -23.7% |
| Recurring financial charges | 65 | €3,952 | €3,016 | -€937 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €9,546 | -€498 | -€10,044 | |
| Income taxes | 67/77 | €3,549 | €856 | -€2,693 | -75.9% |
| Profit (loss) for the period | 9904 | €5,998 | -€1,353 | -€7,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,998 | -€1,353 | -€7,351 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.