DN-ART: 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.
DN-ART
Largest movements
- Receivables within one year +€59,607
up €59,607 (+45.5%), from €130,932 to €190,539
of which Other amounts receivable: +€63,247
- Cash +€6,151
up €6,151 (+318.5%), from €1,932 to €8,083
mainly Net result for the year (+€44,522) and Trade debts (+€25,806)
- Deferred charges and accrued income +€3,995
up €3,995 (+261.4%), from €1,528 to €5,524
- Profit (loss) carried forward +€44,522
up €44,522 (+67.1%), from €66,365 to €110,887
- Trade debts +€25,806
up €25,806 (+72.3%), from €35,710 to €61,515
of which Suppliers: +€14,070
- Tax, wage and social debts +€5,247
up €5,247 (+18.5%), from €28,340 to €33,587
of which Taxes: +€11,247
- Accrued charges and deferred income -€3,850
no longer reported in 2026 (was €3,850)
- Purchases and services +€231,264
up €231,264 (+48.5%), from €476,801 to €708,065
- Turnover +€194,185
up €194,185 (+33.6%), from €577,293 to €771,478
- Gross operating margin -€37,079
down €37,079 (-36.9%), from €100,492 to €63,413
- Taxes -€8,753
down €8,753 (-39.2%), from €22,340 to €13,587
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,764 | €207,489 | +€71,725 | +52.8% |
| Fixed assets | 21/28 | €1,372 | €3,344 | +€1,972 | +143.8% |
| Tangible fixed assets | 22/27 | €1,372 | €3,344 | +€1,972 | +143.8% |
| Furniture and vehicles | 24 | €1,372 | €3,344 | +€1,972 | +143.8% |
| Current assets | 29/58 | €134,392 | €204,145 | +€69,753 | +51.9% |
| Amounts receivable within one year | 40/41 | €130,932 | €190,539 | +€59,607 | +45.5% |
| Trade receivables | 40 | €62,297 | €58,657 | -€3,640 | -5.8% |
| Other amounts receivable | 41 | €68,635 | €131,882 | +€63,247 | +92.1% |
| Cash at bank and in hand | 54/58 | €1,932 | €8,083 | +€6,151 | +318.5% |
| Deferred charges and accrued income | 490/1 | €1,528 | €5,524 | +€3,995 | +261.4% |
| Total equity and liabilities | 10/49 | €135,764 | €207,489 | +€71,725 | +52.8% |
| Equity | 10/15 | €67,865 | €112,387 | +€44,522 | +65.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,365 | €110,887 | +€44,522 | +67.1% |
| Amounts payable | 17/49 | €67,899 | €95,102 | +€27,203 | +40.1% |
| Amounts payable within one year | 42/48 | €64,049 | €95,102 | +€31,053 | +48.5% |
| Trade debts | 44 | €35,710 | €61,515 | +€25,806 | +72.3% |
| Suppliers | 440/4 | €8,504 | €22,574 | +€14,070 | +165.5% |
| Bills of exchange payable | 441 | €27,205 | €38,941 | +€11,736 | +43.1% |
| Taxes, remuneration and social security | 45 | €28,340 | €33,587 | +€5,247 | +18.5% |
| Taxes | 450/3 | €22,340 | €33,587 | +€11,247 | +50.3% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Accrued charges and deferred income | 492/3 | €3,850 | - | -€3,850 | |
| Turnover | 70 | €577,293 | €771,478 | +€194,185 | +33.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €476,801 | €708,065 | +€231,264 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €1,122 | +€917 | +446.6% |
| Other operating charges | 640/8 | €7,282 | €807 | -€6,476 | -88.9% |
| Gross operating margin | 9900 | €100,492 | €63,413 | -€37,079 | -36.9% |
| Operating profit (loss) | 9901 | €93,004 | €61,484 | -€31,520 | -33.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,300 | €3,376 | -€923 | -21.5% |
| Recurring financial charges | 65 | €4,300 | €3,376 | -€923 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €88,704 | €58,109 | -€30,595 | -34.5% |
| Income taxes | 67/77 | €22,340 | €13,587 | -€8,753 | -39.2% |
| Profit (loss) for the period | 9904 | €66,365 | €44,522 | -€21,843 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,365 | €44,522 | -€21,843 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.