BVM-ARTDENT: 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.
BVM-ARTDENT
Largest movements
- Receivables after one year -€95,000
down €95,000 (-100.0%), from €95,000 to €0
- Receivables within one year -€67,635
down €67,635 (-73.1%), from €92,537 to €24,902
of which Other amounts receivable: -€56,375
- Tangible fixed assets -€67,048
down €67,048 (-9.7%), from €690,613 to €623,565
- Cash +€38,248
up €38,248 (+18.5%), from €206,634 to €244,882
mainly Net result for the year (+€123,463) and Receivables after one year (+€95,000)
- Other debts -€188,500
down €188,500 (-97.3%), from €193,823 to €5,323
- Debts after one year -€39,945
down €39,945 (-10.6%), from €376,143 to €336,198
- Reserves +€30,000
up €30,000 (+6.5%), from €458,700 to €488,700
- Tax, wage and social debts +€17,396
up €17,396 (+205.8%), from €8,453 to €25,849
of which Taxes: +€12,300
- Staff costs +€16,955
up €16,955 (+18.7%), from €90,533 to €107,488
- Financial charges -€5,292
down €5,292 (-39.4%), from €13,444 to €8,152
- Financial income -€4,880
down €4,880 (-73.4%), from €6,649 to €1,769
- Gross operating margin +€4,769
up €4,769 (+1.3%), from €371,500 to €376,269
- Taxes +€4,672
up €4,672 (+9.5%), from €49,200 to €53,872
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 | €1,091,435 | €900,285 | -€191,150 | -17.5% |
| Fixed assets | 21/28 | €690,613 | €623,565 | -€67,048 | -9.7% |
| Tangible fixed assets | 22/27 | €690,613 | €623,565 | -€67,048 | -9.7% |
| Land and buildings | 22 | €585,759 | €555,115 | -€30,644 | -5.2% |
| Plant, machinery and equipment | 23 | €69,603 | €51,335 | -€18,268 | -26.2% |
| Furniture and vehicles | 24 | €35,251 | €17,115 | -€18,136 | -51.4% |
| Current assets | 29/58 | €400,822 | €276,720 | -€124,102 | -31.0% |
| Amounts receivable after more than one year | 29 | €95,000 | €0 | -€95,000 | -100.0% |
| Other amounts receivable | 291 | €95,000 | €0 | -€95,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €92,537 | €24,902 | -€67,635 | -73.1% |
| Trade receivables | 40 | €12,563 | €1,303 | -€11,260 | -89.6% |
| Other amounts receivable | 41 | €79,974 | €23,599 | -€56,375 | -70.5% |
| Cash at bank and in hand | 54/58 | €206,634 | €244,882 | +€38,248 | +18.5% |
| Deferred charges and accrued income | 490/1 | €6,651 | €6,935 | +€284 | +4.3% |
| Total equity and liabilities | 10/49 | €1,091,435 | €900,285 | -€191,150 | -17.5% |
| Equity | 10/15 | €461,368 | €491,830 | +€30,462 | +6.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €458,700 | €488,700 | +€30,000 | +6.5% |
| Distributable reserves | 133 | €458,700 | €488,700 | +€30,000 | +6.5% |
| Profit (loss) carried forward | 14 | €168 | €630 | +€462 | +275.3% |
| Amounts payable | 17/49 | €630,067 | €408,454 | -€221,613 | -35.2% |
| Amounts payable after more than one year | 17 | €376,143 | €336,198 | -€39,945 | -10.6% |
| Financial debts | 170/4 | €376,143 | €336,198 | -€39,945 | -10.6% |
| Amounts payable within one year | 42/48 | €251,985 | €72,151 | -€179,834 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €48,362 | €39,945 | -€8,417 | -17.4% |
| Trade debts | 44 | €1,347 | €1,034 | -€313 | -23.2% |
| Suppliers | 440/4 | €1,347 | €1,034 | -€313 | -23.2% |
| Taxes, remuneration and social security | 45 | €8,453 | €25,849 | +€17,396 | +205.8% |
| Taxes | 450/3 | - | €12,300 | +€12,300 | |
| Remuneration and social security | 454/9 | €8,453 | €13,549 | +€5,096 | +60.3% |
| Other amounts payable | 47/48 | €193,823 | €5,323 | -€188,500 | -97.3% |
| Accrued charges and deferred income | 492/3 | €1,939 | €105 | -€1,834 | -94.6% |
| Remuneration, social security and pensions | 62 | €90,533 | €107,488 | +€16,955 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,266 | €78,715 | +€449 | +0.6% |
| Other operating charges | 640/8 | €5,907 | €6,348 | +€441 | +7.5% |
| Gross operating margin | 9900 | €371,500 | €376,269 | +€4,769 | +1.3% |
| Operating profit (loss) | 9901 | €196,794 | €183,718 | -€13,076 | -6.6% |
| Financial income | 75/76B | €6,649 | €1,769 | -€4,880 | -73.4% |
| Recurring financial income | 75 | €6,649 | €1,769 | -€4,880 | -73.4% |
| Financial charges | 65/66B | €13,444 | €8,152 | -€5,292 | -39.4% |
| Recurring financial charges | 65 | €13,444 | €8,152 | -€5,292 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €189,999 | €177,335 | -€12,664 | -6.7% |
| Income taxes | 67/77 | €49,200 | €53,872 | +€4,672 | +9.5% |
| Profit (loss) for the period | 9904 | €140,799 | €123,463 | -€17,336 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,799 | €123,463 | -€17,336 | -12.3% |
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 10 October 2026 via checked.be.