CM-ARTS management: 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.
CM-ARTS management
Largest movements
- Current investments +€95,781
up €95,781 (+239%), from €40,002 to €135,783
- Cash -€11,738
down €11,738 (-47.4%), from €24,760 to €13,022
mainly Current investments (-€95,781) and Investment in fixed assets (net) (-€5,111)
- Tangible fixed assets -€5,847
down €5,847 (-22.4%), from €26,118 to €20,271
of which Furniture and vehicles: -€9,972
- Receivables within one year +€2,632
up €2,632 (+25.1%), from €10,500 to €13,132
of which Trade receivables: +€2,550
- Reserves +€66,971
up €66,971 (+100%), from €66,875 to €133,847
- Tax, wage and social debts +€18,418
up €18,418 (+71.9%), from €25,611 to €44,029
- Other debts -€4,308
down €4,308 (-78.2%), from €5,508 to €1,199
No income-statement line moved by more than 1% of the activity.
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 | €101,480 | €182,536 | +€81,057 | +79.9% |
| Fixed assets | 21/28 | €26,218 | €20,371 | -€5,847 | -22.3% |
| Tangible fixed assets | 22/27 | €26,118 | €20,271 | -€5,847 | -22.4% |
| Land and buildings | 22 | €5,736 | €8,764 | +€3,027 | +52.8% |
| Plant, machinery and equipment | 23 | - | €1,097 | +€1,097 | |
| Furniture and vehicles | 24 | €20,381 | €10,409 | -€9,972 | -48.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €75,262 | €162,166 | +€86,904 | +115% |
| Amounts receivable within one year | 40/41 | €10,500 | €13,132 | +€2,632 | +25.1% |
| Trade receivables | 40 | €10,500 | €13,050 | +€2,550 | +24.3% |
| Other amounts receivable | 41 | - | €82 | +€82 | |
| Current investments | 50/53 | €40,002 | €135,783 | +€95,781 | +239% |
| Cash at bank and in hand | 54/58 | €24,760 | €13,022 | -€11,738 | -47.4% |
| Deferred charges and accrued income | 490/1 | - | €229 | +€229 | |
| Total equity and liabilities | 10/49 | €101,480 | €182,536 | +€81,057 | +79.9% |
| Equity | 10/15 | €69,875 | €136,847 | +€66,971 | +95.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,875 | €133,847 | +€66,971 | +100% |
| Distributable reserves | 133 | €66,875 | €133,847 | +€66,971 | +100% |
| Amounts payable | 17/49 | €31,604 | €45,690 | +€14,085 | +44.6% |
| Amounts payable within one year | 42/48 | €31,604 | €45,690 | +€14,085 | +44.6% |
| Trade debts | 44 | €486 | €462 | -€25 | -5.1% |
| Suppliers | 440/4 | €486 | €462 | -€25 | -5.1% |
| Taxes, remuneration and social security | 45 | €25,611 | €44,029 | +€18,418 | +71.9% |
| Taxes | 450/3 | €25,611 | €44,029 | +€18,418 | +71.9% |
| Other amounts payable | 47/48 | €5,508 | €1,199 | -€4,308 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,630 | €10,958 | +€328 | +3.1% |
| Other operating charges | 640/8 | €1,857 | €978 | -€880 | -47.4% |
| Gross operating margin | 9900 | €98,102 | €97,153 | -€949 | -1.0% |
| Operating profit (loss) | 9901 | €85,614 | €85,218 | -€397 | -0.5% |
| Financial income | 75/76B | €2 | €454 | +€451 | +20,335% |
| Recurring financial income | 75 | €2 | €454 | +€451 | +20,335% |
| Financial charges | 65/66B | €49 | €48 | -€1 | -2.5% |
| Recurring financial charges | 65 | €49 | €48 | -€1 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €85,567 | €85,624 | +€56 | +0.1% |
| Income taxes | 67/77 | €18,692 | €18,652 | -€40 | -0.2% |
| Profit (loss) for the period | 9904 | €66,875 | €66,971 | +€96 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,875 | €66,971 | +€96 | +0.1% |
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 1 November 2026 via checked.be.