DU'ARTE: 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.
DU'ARTE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€4,282
up €4,282 (+18.3%), from €23,456 to €27,738
- Accrued charges and deferred income -€3,388
no longer reported in 2026 (was €3,388)
- Trade debts -€3,022
down €3,022 (-32.2%), from €9,382 to €6,360
- Depreciation -€1,570
down €1,570 (-66.6%), from €2,358 to €787
- Gross operating margin -€1,492
down €1,492 (-9.5%), from €15,771 to €14,278
- Taxes +€932
up €932 (+75.9%), from €1,228 to €2,160
- Financial charges -€652
down €652 (-11.8%), from €5,501 to €4,849
- Financial income +€162
up €162 (+22,866%), from €1 to €163
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.
Derived cash bridge
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 | €151,375 | €150,180 | -€1,195 | -0.8% |
| Fixed assets | 21/28 | €127,331 | €126,544 | -€787 | -0.6% |
| Intangible fixed assets | 21 | €1,956 | €1,169 | -€787 | -40.3% |
| Financial fixed assets | 28 | €125,375 | €125,375 | = | 0.0% |
| Current assets | 29/58 | €24,044 | €23,636 | -€408 | -1.7% |
| Amounts receivable within one year | 40/41 | €7,199 | €7,402 | +€203 | +2.8% |
| Trade receivables | 40 | €5,894 | €6,973 | +€1,079 | +18.3% |
| Other amounts receivable | 41 | €1,305 | €429 | -€876 | -67.1% |
| Cash at bank and in hand | 54/58 | €16,845 | €16,234 | -€611 | -3.6% |
| Total equity and liabilities | 10/49 | €151,375 | €150,180 | -€1,195 | -0.8% |
| Equity | 10/15 | €43,921 | €43,921 | = | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €13,921 | €13,921 | = | 0.0% |
| Distributable reserves | 133 | €13,921 | €13,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €107,454 | €106,259 | -€1,195 | -1.1% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,067 | €36,259 | +€2,192 | +6.4% |
| Trade debts | 44 | €9,382 | €6,360 | -€3,022 | -32.2% |
| Suppliers | 440/4 | €9,382 | €6,360 | -€3,022 | -32.2% |
| Taxes, remuneration and social security | 45 | €1,228 | €2,160 | +€932 | +75.9% |
| Taxes | 450/3 | €1,228 | €2,160 | +€932 | +75.9% |
| Other amounts payable | 47/48 | €23,456 | €27,738 | +€4,282 | +18.3% |
| Accrued charges and deferred income | 492/3 | €3,388 | - | -€3,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,358 | €787 | -€1,570 | -66.6% |
| Other operating charges | 640/8 | €693 | €709 | +€16 | +2.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,771 | €14,278 | -€1,492 | -9.5% |
| Operating profit (loss) | 9901 | €12,720 | €12,782 | +€62 | +0.5% |
| Financial income | 75/76B | €1 | €163 | +€162 | +22,866% |
| Recurring financial income | 75 | €1 | €163 | +€162 | +22,866% |
| Financial charges | 65/66B | €5,501 | €4,849 | -€652 | -11.8% |
| Recurring financial charges | 65 | €5,501 | €4,849 | -€652 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €7,219 | €8,095 | +€876 | +12.1% |
| Income taxes | 67/77 | €1,228 | €2,160 | +€932 | +75.9% |
| Profit (loss) for the period | 9904 | €5,991 | €5,935 | -€56 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,991 | €5,935 | -€56 | -0.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.