DR-M Art: 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.
DR-M Art
Largest movements
- Current investments +€200,000
up €200,000, from €0 to €200,000
- Tangible fixed assets -€24,769
down €24,769 (-92.6%), from €26,743 to €1,974
of which Furniture and vehicles: -€23,895
- Receivables within one year +€10,734
up €10,734 (+1,364%), from €787 to €11,521
of which Trade receivables: +€7,961
- Cash +€8,932
up €8,932 (+219%), from €4,081 to €13,013
- Reserves +€263,069
up €263,069 (+841%), from €31,283 to €294,352
of which Non-distributable reserves: +€199,982
- Debts after one year -€50,393
down €50,393 (-24.5%), from €205,959 to €155,566
- Other debts +€29,199
up €29,199 (+77.2%), from €37,806 to €67,005
- Accrued charges and deferred income -€24,114
down €24,114 (-100%), from €24,114 to €0
- Tax, wage and social debts -€10,760
down €10,760 (-82.0%), from €13,127 to €2,368
of which Taxes: -€7,415
- Gross operating margin +€290,030
up €290,030 (+453%), from €64,067 to €354,097
- Depreciation +€18,697
up €18,697 (+272%), from €6,885 to €25,582
- Staff costs +€10,402
up €10,402 (+29.8%), from €34,881 to €45,283
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,896 | €586,014 | +€201,118 | +52.3% |
| Fixed assets | 21/28 | €380,028 | €360,146 | -€19,882 | -5.2% |
| Intangible fixed assets | 21 | - | €4,887 | +€4,887 | |
| Tangible fixed assets | 22/27 | €26,743 | €1,974 | -€24,769 | -92.6% |
| Plant, machinery and equipment | 23 | €1,451 | €577 | -€874 | -60.2% |
| Furniture and vehicles | 24 | €25,292 | €1,397 | -€23,895 | -94.5% |
| Financial fixed assets | 28 | €353,285 | €353,285 | = | 0.0% |
| Current assets | 29/58 | €4,868 | €225,868 | +€221,000 | +4,540% |
| Amounts receivable within one year | 40/41 | €787 | €11,521 | +€10,734 | +1,364% |
| Trade receivables | 40 | €725 | €8,686 | +€7,961 | +1,098% |
| Other amounts receivable | 41 | €62 | €2,835 | +€2,773 | +4,475% |
| Current investments | 50/53 | €0 | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €4,081 | €13,013 | +€8,932 | +219% |
| Deferred charges and accrued income | 490/1 | €0 | €1,334 | +€1,334 | |
| Total equity and liabilities | 10/49 | €384,896 | €586,014 | +€201,118 | +52.3% |
| Equity | 10/15 | €37,483 | €300,552 | +€263,069 | +702% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,283 | €294,352 | +€263,069 | +841% |
| Non-distributable reserves | 130/1 | €18 | €200,000 | +€199,982 | +1,120,348% |
| Reserves not available under the articles | 1311 | €18 | €0 | -€18 | -100% |
| Own shares acquired | 1312 | - | €200,000 | +€200,000 | |
| Distributable reserves | 133 | €31,266 | €94,352 | +€63,087 | +202% |
| Amounts payable | 17/49 | €347,413 | €285,461 | -€61,951 | -17.8% |
| Amounts payable after more than one year | 17 | €205,959 | €155,566 | -€50,393 | -24.5% |
| Financial debts | 170/4 | €205,959 | €155,566 | -€50,393 | -24.5% |
| Amounts payable within one year | 42/48 | €117,340 | €129,895 | +€12,555 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €31,773 | €34,273 | +€2,500 | +7.9% |
| Trade debts | 44 | €34,633 | €26,249 | -€8,384 | -24.2% |
| Suppliers | 440/4 | €34,633 | €26,249 | -€8,384 | -24.2% |
| Taxes, remuneration and social security | 45 | €13,127 | €2,368 | -€10,760 | -82.0% |
| Taxes | 450/3 | €7,415 | €0 | -€7,415 | -100% |
| Remuneration and social security | 454/9 | €5,713 | €2,368 | -€3,345 | -58.6% |
| Other amounts payable | 47/48 | €37,806 | €67,005 | +€29,199 | +77.2% |
| Accrued charges and deferred income | 492/3 | €24,114 | €0 | -€24,114 | -100% |
| Remuneration, social security and pensions | 62 | €34,881 | €45,283 | +€10,402 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,885 | €25,582 | +€18,697 | +272% |
| Other operating charges | 640/8 | €3,063 | €6,366 | +€3,303 | +108% |
| Gross operating margin | 9900 | €64,067 | €354,097 | +€290,030 | +453% |
| Operating profit (loss) | 9901 | €19,238 | €276,866 | +€257,628 | +1,339% |
| Financial income | 75/76B | €13 | €12 | -€1 | -8.0% |
| Recurring financial income | 75 | €13 | €12 | -€1 | -8.0% |
| Financial charges | 65/66B | €10,737 | €13,802 | +€3,065 | +28.5% |
| Recurring financial charges | 65 | €10,737 | €13,802 | +€3,065 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €8,514 | €263,076 | +€254,562 | +2,990% |
| Income taxes | 67/77 | €2,205 | €7 | -€2,198 | -99.7% |
| Profit (loss) for the period | 9904 | €6,309 | €263,069 | +€256,760 | +4,070% |
| Profit (loss) for the period to be appropriated | 9905 | €6,309 | €263,069 | +€256,760 | +4,070% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.