BERTS ART WORLD: 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.
BERTS ART WORLD
Largest movements
- Tangible fixed assets -€11,047
down €11,047 (-7.1%), from €154,863 to €143,816
- Cash -€5,221
down €5,221 (-16.6%), from €31,407 to €26,186
mainly Net result for the year (-€13,433) and Provisions (-€2,641)
- Reserves -€13,195
down €13,195 (-8.5%), from €155,070 to €141,875
of which Distributable reserves: -€13,195
- Provisions -€2,641
down €2,641 (-10.9%), from €24,206 to €21,565
- Gross operating margin -€339
down €339 (-17.1%), from -€1,980 to -€2,319
- Financial income +€144
new in 2025: €144
- Depreciation +€41
up €41 (+0.4%), from €11,130 to €11,171
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 | €186,330 | €170,118 | -€16,212 | -8.7% |
| Fixed assets | 21/28 | €154,863 | €143,816 | -€11,047 | -7.1% |
| Tangible fixed assets | 22/27 | €154,863 | €143,816 | -€11,047 | -7.1% |
| Land and buildings | 22 | €154,863 | €143,816 | -€11,047 | -7.1% |
| Current assets | 29/58 | €31,467 | €26,302 | -€5,165 | -16.4% |
| Amounts receivable within one year | 40/41 | €60 | €116 | +€56 | +93.3% |
| Other amounts receivable | 41 | €60 | €116 | +€56 | +93.3% |
| Cash at bank and in hand | 54/58 | €31,407 | €26,186 | -€5,221 | -16.6% |
| Total equity and liabilities | 10/49 | €186,330 | €170,118 | -€16,212 | -8.7% |
| Equity | 10/15 | €160,425 | €146,992 | -€13,433 | -8.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €155,070 | €141,875 | -€13,195 | -8.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €153,215 | €140,020 | -€13,195 | -8.6% |
| Profit (loss) carried forward | 14 | -€13,195 | -€13,433 | -€238 | -1.8% |
| Provisions and deferred taxes | 16 | €24,206 | €21,565 | -€2,641 | -10.9% |
| Provisions for liabilities and charges | 160/5 | €24,206 | €21,565 | -€2,641 | -10.9% |
| Major repairs and maintenance | 162 | €24,206 | €21,565 | -€2,641 | -10.9% |
| Amounts payable | 17/49 | €1,699 | €1,561 | -€138 | -8.1% |
| Amounts payable within one year | 42/48 | €1,699 | €1,561 | -€138 | -8.1% |
| Trade debts | 44 | €1,699 | €1,561 | -€138 | -8.1% |
| Suppliers | 440/4 | €1,699 | €1,561 | -€138 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,130 | €11,171 | +€41 | +0.4% |
| Gross operating margin | 9900 | -€1,980 | -€2,319 | -€339 | -17.1% |
| Operating profit (loss) | 9901 | -€13,110 | -€13,490 | -€380 | -2.9% |
| Financial income | 75/76B | - | €144 | +€144 | |
| Recurring financial income | 75 | - | €144 | +€144 | |
| Financial charges | 65/66B | €85 | €87 | +€2 | +2.4% |
| Recurring financial charges | 65 | €85 | €87 | +€2 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,195 | -€13,433 | -€238 | -1.8% |
| Profit (loss) for the period | 9904 | -€13,195 | -€13,433 | -€238 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,195 | -€13,433 | -€238 | -1.8% |
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 23 October 2026 via checked.be.