D'ARTE: 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.
D'ARTE
Largest movements
- Tangible fixed assets -€18,740
no longer reported in 2025 (was €18,740)
- Receivables within one year -€4,707
no longer reported in 2025 (was €4,707)
- Deferred charges and accrued income -€3,400
no longer reported in 2025 (was €3,400)
- Other debts +€17,678
up €17,678 (+48.3%), from €36,631 to €54,309
- Current portion of long-term debt -€13,968
no longer reported in 2025 (was €13,968)
- Tax, wage and social debts -€11,266
no longer reported in 2025 (was €11,266)
- Profit (loss) carried forward -€11,001
down €11,001 (-10.2%), from -€108,298 to -€119,299
- Trade debts -€5,512
no longer reported in 2025 (was €5,512)
- Gross operating margin -€28,329
down €28,329 (-78.2%), from €36,247 to €7,918
- Taxes -€11,266
new in 2025: -€11,266
- Write-downs +€4,707
new in 2025: €4,707
- Financial charges +€3,417
up €3,417, from -€545 to €2,872
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.
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 | €32,179 | €5,047 | -€27,132 | -84.3% |
| Fixed assets | 21/28 | €18,740 | - | -€18,740 | |
| Tangible fixed assets | 22/27 | €18,740 | - | -€18,740 | |
| Land and buildings | 22 | €18,740 | - | -€18,740 | |
| Current assets | 29/58 | €13,439 | €5,047 | -€8,392 | -62.4% |
| Amounts receivable within one year | 40/41 | €4,707 | - | -€4,707 | |
| Trade receivables | 40 | €4,707 | - | -€4,707 | |
| Cash at bank and in hand | 54/58 | €5,332 | €5,047 | -€285 | -5.3% |
| Deferred charges and accrued income | 490/1 | €3,400 | - | -€3,400 | |
| Total equity and liabilities | 10/49 | €32,179 | €5,047 | -€27,132 | -84.3% |
| Equity | 10/15 | -€38,298 | -€49,299 | -€11,001 | -28.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,298 | -€119,299 | -€11,001 | -10.2% |
| Amounts payable | 17/49 | €70,477 | €54,346 | -€16,131 | -22.9% |
| Amounts payable after more than one year | 17 | €3,100 | - | -€3,100 | |
| Other amounts payable | 178/9 | €3,100 | - | -€3,100 | |
| Amounts payable within one year | 42/48 | €67,377 | €54,346 | -€13,031 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €13,968 | - | -€13,968 | |
| Financial debts | 43 | - | €37 | +€37 | |
| Credit institutions | 430/8 | - | €37 | +€37 | |
| Trade debts | 44 | €5,512 | - | -€5,512 | |
| Suppliers | 440/4 | €5,512 | - | -€5,512 | |
| Taxes, remuneration and social security | 45 | €11,266 | - | -€11,266 | |
| Taxes | 450/3 | €11,266 | - | -€11,266 | |
| Other amounts payable | 47/48 | €36,631 | €54,309 | +€17,678 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,740 | €18,740 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,707 | +€4,707 | |
| Other operating charges | 640/8 | €3,903 | €4,026 | +€123 | +3.2% |
| Gross operating margin | 9900 | €36,247 | €7,918 | -€28,329 | -78.2% |
| Operating profit (loss) | 9901 | €13,604 | -€19,555 | -€33,159 | |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | -€545 | €2,872 | +€3,417 | |
| Recurring financial charges | 65 | -€545 | €2,872 | +€3,417 | |
| Profit (loss) for the period before taxes | 9903 | €14,149 | -€22,267 | -€36,416 | |
| Income taxes | 67/77 | - | -€11,266 | -€11,266 | |
| Profit (loss) for the period | 9904 | €14,149 | -€11,001 | -€25,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,149 | -€11,001 | -€25,150 |
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 22 October 2026 via checked.be.