B'ART GRAPHICS: 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 GRAPHICS
Largest movements
- Tangible fixed assets -€16,170
down €16,170 (-15.2%), from €106,670 to €90,500
of which Other tangible fixed assets: -€17,764
- Profit (loss) carried forward -€31,505
down €31,505 (-21.4%), from -€147,116 to -€178,621
- Other debts +€24,067
up €24,067 (+66.7%), from €36,078 to €60,145
- Debts after one year -€9,801
down €9,801 (-5.6%), from €175,908 to €166,107
- Gross operating margin +€1,447
up €1,447 (+28.3%), from -€5,113 to -€3,666
- Depreciation +€527
up €527 (+3.0%), from €17,764 to €18,291
- Financial charges -€404
down €404 (-4.4%), from €9,119 to €8,715
- Other operating charges +€67
up €67 (+9.7%), from €692 to €760
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 | €113,049 | €96,164 | -€16,886 | -14.9% |
| Fixed assets | 21/28 | €107,393 | €91,223 | -€16,170 | -15.1% |
| Tangible fixed assets | 22/27 | €106,670 | €90,500 | -€16,170 | -15.2% |
| Plant, machinery and equipment | 23 | - | €1,595 | +€1,595 | |
| Other tangible fixed assets | 26 | €106,670 | €88,905 | -€17,764 | -16.7% |
| Financial fixed assets | 28 | €724 | €724 | = | 0.0% |
| Current assets | 29/58 | €5,656 | €4,940 | -€716 | -12.7% |
| Amounts receivable within one year | 40/41 | €2,947 | €3,155 | +€208 | +7.1% |
| Trade receivables | 40 | €1,620 | €1,542 | -€79 | -4.9% |
| Other amounts receivable | 41 | €1,327 | €1,614 | +€287 | +21.6% |
| Cash at bank and in hand | 54/58 | €2,709 | €1,785 | -€924 | -34.1% |
| Total equity and liabilities | 10/49 | €113,049 | €96,164 | -€16,886 | -14.9% |
| Equity | 10/15 | -€109,270 | -€140,775 | -€31,505 | -28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,646 | €31,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,296 | €22,296 | = | 0.0% |
| Distributable reserves | 133 | €7,490 | €7,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,116 | -€178,621 | -€31,505 | -21.4% |
| Amounts payable | 17/49 | €222,320 | €236,939 | +€14,619 | +6.6% |
| Amounts payable after more than one year | 17 | €175,908 | €166,107 | -€9,801 | -5.6% |
| Financial debts | 170/4 | €175,908 | €166,107 | -€9,801 | -5.6% |
| Amounts payable within one year | 42/48 | €46,412 | €70,831 | +€24,419 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €9,363 | €9,801 | +€438 | +4.7% |
| Trade debts | 44 | €901 | €812 | -€89 | -9.9% |
| Suppliers | 440/4 | €901 | €812 | -€89 | -9.9% |
| Taxes, remuneration and social security | 45 | €70 | €74 | +€4 | +5.3% |
| Taxes | 450/3 | €70 | €74 | +€4 | +5.3% |
| Other amounts payable | 47/48 | €36,078 | €60,145 | +€24,067 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,764 | €18,291 | +€527 | +3.0% |
| Other operating charges | 640/8 | €692 | €760 | +€67 | +9.7% |
| Gross operating margin | 9900 | -€5,113 | -€3,666 | +€1,447 | +28.3% |
| Operating profit (loss) | 9901 | -€23,570 | -€22,717 | +€853 | +3.6% |
| Financial income | 75/76B | €1 | €2 | +€0 | +37.0% |
| Recurring financial income | 75 | €1 | €2 | +€0 | +37.0% |
| Financial charges | 65/66B | €9,119 | €8,715 | -€404 | -4.4% |
| Recurring financial charges | 65 | €9,119 | €8,715 | -€404 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,687 | -€31,430 | +€1,257 | +3.8% |
| Income taxes | 67/77 | €71 | €75 | +€4 | +5.4% |
| Profit (loss) for the period | 9904 | -€32,758 | -€31,505 | +€1,254 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,758 | -€31,505 | +€1,254 | +3.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.