BELGIAN ART ONLY: 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.
BELGIAN ART ONLY
Largest movements
- Cash +€21,808
up €21,808 (+263%), from €8,280 to €30,087
mainly Current investments (+€20,000) and Net result for the year (+€2,069)
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year -€617
down €617 (-49.4%), from €1,249 to €633
of which Trade receivables: -€797
- Tangible fixed assets -€571
down €571 (-29.8%), from €1,914 to €1,343
- Profit (loss) carried forward +€2,069
up €2,069 (+19.4%), from -€10,658 to -€8,588
- Other debts -€842
down €842 (-84.9%), from €992 to €150
- Trade debts -€375
down €375 (-50.1%), from €749 to €374
- Gross operating margin -€2,495
down €2,495 (-48.9%), from €5,104 to €2,609
- Financial income +€600
new in 2025: €600
- Depreciation -€506
down €506 (-47.0%), from €1,076 to €571
- Other operating charges -€166
down €166 (-29.4%), from €566 to €400
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 | €31,443 | €32,063 | +€620 | +2.0% |
| Fixed assets | 21/28 | €1,914 | €1,343 | -€571 | -29.8% |
| Tangible fixed assets | 22/27 | €1,914 | €1,343 | -€571 | -29.8% |
| Furniture and vehicles | 24 | €1,914 | €1,343 | -€571 | -29.8% |
| Current assets | 29/58 | €29,529 | €30,720 | +€1,191 | +4.0% |
| Amounts receivable within one year | 40/41 | €1,249 | €633 | -€617 | -49.4% |
| Trade receivables | 40 | €1,249 | €453 | -€797 | -63.8% |
| Other amounts receivable | 41 | - | €180 | +€180 | |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €8,280 | €30,087 | +€21,808 | +263% |
| Total equity and liabilities | 10/49 | €31,443 | €32,063 | +€620 | +2.0% |
| Equity | 10/15 | €29,343 | €31,412 | +€2,069 | +7.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,658 | -€8,588 | +€2,069 | +19.4% |
| Amounts payable | 17/49 | €2,100 | €651 | -€1,449 | -69.0% |
| Amounts payable within one year | 42/48 | €2,100 | €651 | -€1,449 | -69.0% |
| Trade debts | 44 | €749 | €374 | -€375 | -50.1% |
| Suppliers | 440/4 | €749 | €374 | -€375 | -50.1% |
| Taxes, remuneration and social security | 45 | €360 | €128 | -€232 | -64.6% |
| Taxes | 450/3 | €360 | €128 | -€232 | -64.6% |
| Other amounts payable | 47/48 | €992 | €150 | -€842 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €571 | -€506 | -47.0% |
| Other operating charges | 640/8 | €566 | €400 | -€166 | -29.4% |
| Gross operating margin | 9900 | €5,104 | €2,609 | -€2,495 | -48.9% |
| Operating profit (loss) | 9901 | €3,461 | €1,639 | -€1,823 | -52.7% |
| Financial income | 75/76B | - | €600 | +€600 | |
| Recurring financial income | 75 | - | €600 | +€600 | |
| Financial charges | 65/66B | €160 | €169 | +€10 | +6.1% |
| Recurring financial charges | 65 | €160 | €169 | +€10 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €3,302 | €2,069 | -€1,232 | -37.3% |
| Profit (loss) for the period | 9904 | €3,302 | €2,069 | -€1,232 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,302 | €2,069 | -€1,232 | -37.3% |
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 29 October 2026 via checked.be.