De Kleine Kunst: 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.
De Kleine Kunst
Largest movements
- Receivables within one year +€32,817
up €32,817 (+30.2%), from €108,818 to €141,635
- Tangible fixed assets -€10,248
down €10,248 (-15.5%), from €66,210 to €55,961
of which Plant, machinery and equipment: -€20,783
- Deferred charges and accrued income -€6,215
down €6,215 (-80.2%), from €7,750 to €1,535
- Cash +€3,869
up €3,869 (+148%), from €2,619 to €6,489
mainly Debts after one year (+€36,109) and Depreciation (+€15,702)
- Debts after one year +€36,109
up €36,109 (+48.9%), from €73,898 to €110,006
- Trade debts -€24,501
down €24,501 (-44.8%), from €54,702 to €30,201
- Tax, wage and social debts -€10,600
down €10,600 (-27.1%), from €39,115 to €28,515
of which Remuneration and social security: -€13,882
- Current portion of long-term debt +€9,760
up €9,760 (+24.5%), from €39,798 to €49,557
- Profit (loss) carried forward +€4,501
up €4,501 (+16.6%), from -€27,103 to -€22,602
- Staff costs -€217,325
down €217,325 (-74.1%), from €293,377 to €76,052
- Gross operating margin -€186,520
down €186,520 (-64.1%), from €291,042 to €104,522
- Financial income -€6,215
down €6,215 (-80.2%), from €7,750 to €1,535
- Other operating charges -€3,896
down €3,896 (-62.4%), from €6,245 to €2,349
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 | €185,397 | €205,620 | +€20,223 | +10.9% |
| Fixed assets | 21/28 | €66,210 | €55,961 | -€10,248 | -15.5% |
| Tangible fixed assets | 22/27 | €66,210 | €55,961 | -€10,248 | -15.5% |
| Plant, machinery and equipment | 23 | €43,599 | €22,816 | -€20,783 | -47.7% |
| Furniture and vehicles | 24 | €7,202 | €4,650 | -€2,553 | -35.4% |
| Other tangible fixed assets | 26 | €15,408 | €28,496 | +€13,088 | +84.9% |
| Current assets | 29/58 | €119,188 | €149,659 | +€30,471 | +25.6% |
| Amounts receivable within one year | 40/41 | €108,818 | €141,635 | +€32,817 | +30.2% |
| Other amounts receivable | 41 | €108,818 | €141,635 | +€32,817 | +30.2% |
| Cash at bank and in hand | 54/58 | €2,619 | €6,489 | +€3,869 | +148% |
| Deferred charges and accrued income | 490/1 | €7,750 | €1,535 | -€6,215 | -80.2% |
| Total equity and liabilities | 10/49 | €185,397 | €205,620 | +€20,223 | +10.9% |
| Equity | 10/15 | -€26,103 | -€21,602 | +€4,501 | +17.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,103 | -€22,602 | +€4,501 | +16.6% |
| Amounts payable | 17/49 | €211,500 | €227,222 | +€15,722 | +7.4% |
| Amounts payable after more than one year | 17 | €73,898 | €110,006 | +€36,109 | +48.9% |
| Financial debts | 170/4 | €73,898 | €110,006 | +€36,109 | +48.9% |
| Amounts payable within one year | 42/48 | €133,615 | €110,652 | -€22,963 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €39,798 | €49,557 | +€9,760 | +24.5% |
| Trade debts | 44 | €54,702 | €30,201 | -€24,501 | -44.8% |
| Suppliers | 440/4 | €54,702 | €30,201 | -€24,501 | -44.8% |
| Taxes, remuneration and social security | 45 | €39,115 | €28,515 | -€10,600 | -27.1% |
| Taxes | 450/3 | €19,994 | €23,275 | +€3,282 | +16.4% |
| Remuneration and social security | 454/9 | €19,122 | €5,240 | -€13,882 | -72.6% |
| Other amounts payable | 47/48 | - | €2,379 | +€2,379 | |
| Accrued charges and deferred income | 492/3 | €3,987 | €6,563 | +€2,576 | +64.6% |
| Remuneration, social security and pensions | 62 | €293,377 | €76,052 | -€217,325 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,003 | €15,702 | -€300 | -1.9% |
| Other operating charges | 640/8 | €6,245 | €2,349 | -€3,896 | -62.4% |
| Non-recurring operating charges | 66A | €4,818 | €3,412 | -€1,406 | -29.2% |
| Gross operating margin | 9900 | €291,042 | €104,522 | -€186,520 | -64.1% |
| Operating profit (loss) | 9901 | -€29,401 | €7,006 | +€36,407 | |
| Financial income | 75/76B | €7,750 | €1,535 | -€6,215 | -80.2% |
| Recurring financial income | 75 | €7,750 | €1,535 | -€6,215 | -80.2% |
| Financial charges | 65/66B | €5,452 | €4,041 | -€1,411 | -25.9% |
| Recurring financial charges | 65 | €5,452 | €4,041 | -€1,411 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,103 | €4,501 | +€31,604 | |
| Profit (loss) for the period | 9904 | -€27,103 | €4,501 | +€31,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,103 | €4,501 | +€31,604 |
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 25 October 2026 via checked.be.