C-ART: what changed
Two fiscal 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.
C-ART
Largest movements
- Cash -€8,291
down €8,291 (-7.6%), from €108,592 to €100,301
mainly Net result for the year (-€6,828) and Receivables within one year (-€1,618)
- Receivables within one year +€1,618
new in 2025: €1,618
- Profit (loss) carried forward -€6,828
down €6,828 (-36.0%), from -€18,942 to -€25,771
- Gross operating margin +€7,997
up €7,997 (+46.5%), from -€17,200 to -€9,203
- Financial income +€4,036
up €4,036 (+6100.3%), from €66 to €4,102
- Depreciation -€773
down €773 (-58.0%), from €1,332 to €559
- Other operating charges +€694
up €694 (+256.8%), from €270 to €964
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 | €109,508 | €102,276 | -€7,233 | -6.6% |
| Fixed assets | 21/28 | €916 | €357 | -€559 | -61.0% |
| Tangible fixed assets | 22/27 | €916 | €357 | -€559 | -61.0% |
| Furniture and vehicles | 24 | €916 | €357 | -€559 | -61.0% |
| Current assets | 29/58 | €108,592 | €101,919 | -€6,674 | -6.1% |
| Amounts receivable within one year | 40/41 | - | €1,618 | +€1,618 | |
| Other amounts receivable | 41 | - | €1,618 | +€1,618 | |
| Cash at bank and in hand | 54/58 | €108,592 | €100,301 | -€8,291 | -7.6% |
| Total equity and liabilities | 10/49 | €109,508 | €102,276 | -€7,233 | -6.6% |
| Equity | 10/15 | €105,212 | €98,384 | -€6,828 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,955 | €117,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €116,095 | €116,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,942 | -€25,771 | -€6,828 | -36.0% |
| Amounts payable | 17/49 | €4,296 | €3,892 | -€404 | -9.4% |
| Amounts payable within one year | 42/48 | €4,296 | €3,892 | -€404 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €2,570 | €3,664 | +€1,094 | +42.6% |
| Trade debts | 44 | €742 | €86 | -€656 | -88.4% |
| Suppliers | 440/4 | €742 | €86 | -€656 | -88.4% |
| Taxes, remuneration and social security | 45 | €984 | €141 | -€843 | -85.6% |
| Taxes | 450/3 | €984 | €141 | -€843 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,332 | €559 | -€773 | -58.0% |
| Other operating charges | 640/8 | €270 | €964 | +€694 | +256.8% |
| Gross operating margin | 9900 | -€17,200 | -€9,203 | +€7,997 | +46.5% |
| Operating profit (loss) | 9901 | -€18,802 | -€10,726 | +€8,076 | +43.0% |
| Financial income | 75/76B | €66 | €4,102 | +€4,036 | +6100.3% |
| Recurring financial income | 75 | €66 | €4,102 | +€4,036 | +6100.3% |
| Financial charges | 65/66B | €45 | €52 | +€7 | +16.1% |
| Recurring financial charges | 65 | €45 | €52 | +€7 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,781 | -€6,676 | +€12,105 | +64.5% |
| Income taxes | 67/77 | €161 | €152 | -€9 | -5.8% |
| Profit (loss) for the period | 9904 | -€18,942 | -€6,828 | +€12,114 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,942 | -€6,828 | +€12,114 | +64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.