D'ARTOIS: 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.
D'ARTOIS
Largest movements
- Stocks and contracts +€9,660
up €9,660 (+5.2%), from €185,257 to €194,917
- Receivables within one year -€9,386
down €9,386 (-96.7%), from €9,708 to €322
of which Trade receivables: -€8,737
- Tangible fixed assets -€6,922
down €6,922 (-20.5%), from €33,817 to €26,895
- Debts after one year +€100,000
up €100,000 (+46.9%), from €213,018 to €313,018
- Other debts -€96,074
down €96,074 (-87.9%), from €109,348 to €13,275
- Trade debts -€12,163
down €12,163 (-84.7%), from €14,358 to €2,195
- Gross operating margin +€14,963
up €14,963, from -€4,817 to €10,147
- Depreciation +€6,128
up €6,128 (+771.4%), from €794 to €6,922
- Taxes +€349
up €349 (+1542.0%), from €23 to €372
- Financial charges -€287
down €287 (-86.6%), from €331 to €44
- Other operating charges +€137
up €137 (+6.0%), from €2,278 to €2,415
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 | €235,310 | €227,838 | -€7,472 | -3.2% |
| Fixed assets | 21/28 | €33,817 | €26,895 | -€6,922 | -20.5% |
| Tangible fixed assets | 22/27 | €33,817 | €26,895 | -€6,922 | -20.5% |
| Furniture and vehicles | 24 | €33,817 | €26,895 | -€6,922 | -20.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €201,494 | €200,944 | -€550 | -0.3% |
| Stocks and contracts in progress | 3 | €185,257 | €194,917 | +€9,660 | +5.2% |
| Stocks | 30/36 | €185,257 | €194,917 | +€9,660 | +5.2% |
| Amounts receivable within one year | 40/41 | €9,708 | €322 | -€9,386 | -96.7% |
| Trade receivables | 40 | €8,737 | €0 | -€8,737 | -100.0% |
| Other amounts receivable | 41 | €971 | €322 | -€649 | -66.8% |
| Cash at bank and in hand | 54/58 | €5,926 | €5,100 | -€825 | -13.9% |
| Deferred charges and accrued income | 490/1 | €603 | €604 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €235,310 | €227,838 | -€7,472 | -3.2% |
| Equity | 10/15 | -€101,414 | -€101,021 | +€393 | +0.4% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,414 | -€182,021 | +€393 | +0.2% |
| Amounts payable | 17/49 | €336,724 | €328,859 | -€7,865 | -2.3% |
| Amounts payable after more than one year | 17 | €213,018 | €313,018 | +€100,000 | +46.9% |
| Other amounts payable | 178/9 | €213,018 | €313,018 | +€100,000 | +46.9% |
| Amounts payable within one year | 42/48 | €123,706 | €15,841 | -€107,865 | -87.2% |
| Trade debts | 44 | €14,358 | €2,195 | -€12,163 | -84.7% |
| Suppliers | 440/4 | €14,358 | €2,195 | -€12,163 | -84.7% |
| Taxes, remuneration and social security | 45 | €0 | €372 | +€372 | |
| Taxes | 450/3 | €0 | €372 | +€372 | |
| Other amounts payable | 47/48 | €109,348 | €13,275 | -€96,074 | -87.9% |
| Non-recurring operating income | 76A | €3,988 | €0 | -€3,988 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €6,922 | +€6,128 | +771.4% |
| Other operating charges | 640/8 | €2,278 | €2,415 | +€137 | +6.0% |
| Gross operating margin | 9900 | -€4,817 | €10,147 | +€14,963 | |
| Operating profit (loss) | 9901 | -€7,889 | €809 | +€8,698 | |
| Financial charges | 65/66B | €331 | €44 | -€287 | -86.6% |
| Recurring financial charges | 65 | €331 | €44 | -€287 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,220 | €765 | +€8,985 | |
| Income taxes | 67/77 | €23 | €372 | +€349 | +1542.0% |
| Profit (loss) for the period | 9904 | -€8,243 | €393 | +€8,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,243 | €393 | +€8,636 |
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 6 October 2026 via checked.be.