DES ARTS: 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.
DES ARTS
Largest movements
- Cash -€37,182
down €37,182 (-28.3%), from €131,481 to €94,299
mainly Investment in fixed assets (net) (-€69,160) and Other debts (-€34,780)
- Tangible fixed assets +€35,373
up €35,373 (+37.8%), from €93,579 to €128,952
of which Land and buildings: +€36,180
- Receivables within one year -€12,972
down €12,972 (-22.1%), from €58,662 to €45,690
of which Trade receivables: -€16,972
- Intangible fixed assets +€6,353
new in 2025: €6,353
- Profit (loss) carried forward +€39,270
up €39,270 (+37.7%), from -€104,172 to -€64,902
- Debts after one year +€35,086
up €35,086 (+100%), from €35,000 to €70,086
- Other debts -€34,780
down €34,780 (-51.7%), from €67,286 to €32,506
- Reserves -€32,386
down €32,386 (-17.5%), from €185,468 to €153,082
- Tax, wage and social debts -€14,181
down €14,181 (-22.1%), from €64,190 to €50,010
of which Taxes: -€8,160
- Staff costs -€124,333
down €124,333 (-28.8%), from €432,123 to €307,791
- Gross operating margin -€86,089
down €86,089 (-18.3%), from €471,478 to €385,389
- Other operating charges +€9,841
up €9,841 (+351%), from €2,800 to €12,640
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 | €323,703 | €317,540 | -€6,163 | -1.9% |
| Fixed assets | 21/28 | €113,138 | €153,865 | +€40,726 | +36.0% |
| Intangible fixed assets | 21 | - | €6,353 | +€6,353 | |
| Tangible fixed assets | 22/27 | €93,579 | €128,952 | +€35,373 | +37.8% |
| Land and buildings | 22 | €85,913 | €122,094 | +€36,180 | +42.1% |
| Plant, machinery and equipment | 23 | €5,151 | €2,337 | -€2,814 | -54.6% |
| Furniture and vehicles | 24 | €2,515 | €4,522 | +€2,007 | +79.8% |
| Financial fixed assets | 28 | €19,559 | €18,559 | -€1,000 | -5.1% |
| Current assets | 29/58 | €210,565 | €163,676 | -€46,889 | -22.3% |
| Stocks and contracts in progress | 3 | €15,000 | €17,500 | +€2,500 | +16.7% |
| Stocks | 30/36 | €15,000 | €17,500 | +€2,500 | +16.7% |
| Amounts receivable within one year | 40/41 | €58,662 | €45,690 | -€12,972 | -22.1% |
| Trade receivables | 40 | €18,537 | €1,565 | -€16,972 | -91.6% |
| Other amounts receivable | 41 | €40,125 | €44,125 | +€4,000 | +10.0% |
| Current investments | 50/53 | €189 | €0 | -€189 | -100% |
| Cash at bank and in hand | 54/58 | €131,481 | €94,299 | -€37,182 | -28.3% |
| Deferred charges and accrued income | 490/1 | €5,233 | €6,186 | +€954 | +18.2% |
| Total equity and liabilities | 10/49 | €323,703 | €317,540 | -€6,163 | -1.9% |
| Equity | 10/15 | €134,727 | €141,611 | +€6,883 | +5.1% |
| Contributions | 10/11 | €53,431 | €53,431 | = | 0.0% |
| Reserves | 13 | €185,468 | €153,082 | -€32,386 | -17.5% |
| Distributable reserves | 133 | €185,468 | €153,082 | -€32,386 | -17.5% |
| Profit (loss) carried forward | 14 | -€104,172 | -€64,902 | +€39,270 | +37.7% |
| Amounts payable | 17/49 | €188,976 | €175,929 | -€13,046 | -6.9% |
| Amounts payable after more than one year | 17 | €35,000 | €70,086 | +€35,086 | +100% |
| Financial debts | 170/4 | €35,000 | €70,086 | +€35,086 | +100% |
| Amounts payable within one year | 42/48 | €153,976 | €105,843 | -€48,133 | -31.3% |
| Financial debts | 43 | €18 | €18 | = | 0.0% |
| Credit institutions | 430/8 | €18 | €18 | = | 0.0% |
| Trade debts | 44 | €22,481 | €23,309 | +€828 | +3.7% |
| Suppliers | 440/4 | €22,481 | €23,309 | +€828 | +3.7% |
| Taxes, remuneration and social security | 45 | €64,190 | €50,010 | -€14,181 | -22.1% |
| Taxes | 450/3 | €31,641 | €23,481 | -€8,160 | -25.8% |
| Remuneration and social security | 454/9 | €32,550 | €26,529 | -€6,020 | -18.5% |
| Other amounts payable | 47/48 | €67,286 | €32,506 | -€34,780 | -51.7% |
| Remuneration, social security and pensions | 62 | €432,123 | €307,791 | -€124,333 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,982 | €28,434 | +€4,452 | +18.6% |
| Other operating charges | 640/8 | €2,800 | €12,640 | +€9,841 | +351% |
| Non-recurring operating charges | 66A | €15,000 | €1,543 | -€13,457 | -89.7% |
| Gross operating margin | 9900 | €471,478 | €385,389 | -€86,089 | -18.3% |
| Operating profit (loss) | 9901 | -€2,427 | €34,981 | +€37,408 | |
| Financial income | 75/76B | €581 | €3,735 | +€3,155 | +543% |
| Recurring financial income | 75 | €581 | €3,735 | +€3,155 | +543% |
| Financial charges | 65/66B | €3,829 | -€553 | -€4,382 | |
| Recurring financial charges | 65 | €3,829 | -€553 | -€4,382 | |
| Profit (loss) for the period before taxes | 9903 | -€5,676 | €39,270 | +€44,945 | |
| Profit (loss) for the period | 9904 | -€5,676 | €39,270 | +€44,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,676 | €39,270 | +€44,945 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.