ENGLISH 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.
ENGLISH ARTS
Largest movements
- Cash +€11,666
up €11,666 (+255%), from €4,580 to €16,246
mainly Net result for the year (+€29,846) and Depreciation (+€15,210)
- Tangible fixed assets -€3,341
down €3,341 (-1.7%), from €199,402 to €196,062
of which Land and buildings: -€10,384
- Stocks and contracts -€3,101
down €3,101 (-63.9%), from €4,856 to €1,755
- Receivables within one year -€2,951
down €2,951 (-40.0%), from €7,376 to €4,425
of which Trade receivables: -€6,540
- Other debts -€26,209
down €26,209 (-45.9%), from €57,158 to €30,949
- Profit (loss) carried forward +€19,656
up €19,656, from -€19,656 to €0
- Reserves +€9,358
up €9,358 (+31.2%), from €30,041 to €39,399
of which Distributable reserves: +€9,358
- Tax, wage and social debts +€5,331
up €5,331, from €0 to €5,331
- Trade debts -€4,965
down €4,965 (-77.7%), from €6,391 to €1,425
- Gross operating margin +€32,815
up €32,815 (+164%), from €20,003 to €52,818
- Taxes +€5,081
new in 2025: €5,081
- Depreciation +€1,246
up €1,246 (+8.9%), from €13,964 to €15,210
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 | €216,487 | €220,356 | +€3,869 | +1.8% |
| Fixed assets | 21/28 | €199,402 | €196,062 | -€3,341 | -1.7% |
| Tangible fixed assets | 22/27 | €199,402 | €196,062 | -€3,341 | -1.7% |
| Land and buildings | 22 | €184,150 | €173,766 | -€10,384 | -5.6% |
| Plant, machinery and equipment | 23 | €2,120 | €1,060 | -€1,060 | -50.0% |
| Furniture and vehicles | 24 | €6,498 | €6,767 | +€269 | +4.1% |
| Other tangible fixed assets | 26 | €6,634 | €14,469 | +€7,835 | +118% |
| Current assets | 29/58 | €17,085 | €24,294 | +€7,210 | +42.2% |
| Stocks and contracts in progress | 3 | €4,856 | €1,755 | -€3,101 | -63.9% |
| Stocks | 30/36 | €4,856 | €1,755 | -€3,101 | -63.9% |
| Amounts receivable within one year | 40/41 | €7,376 | €4,425 | -€2,951 | -40.0% |
| Trade receivables | 40 | €6,540 | €0 | -€6,540 | -100% |
| Other amounts receivable | 41 | €836 | €4,425 | +€3,589 | +429% |
| Cash at bank and in hand | 54/58 | €4,580 | €16,246 | +€11,666 | +255% |
| Deferred charges and accrued income | 490/1 | €273 | €1,868 | +€1,595 | +585% |
| Total equity and liabilities | 10/49 | €216,487 | €220,356 | +€3,869 | +1.8% |
| Equity | 10/15 | €30,845 | €59,859 | +€29,013 | +94.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €30,041 | €39,399 | +€9,358 | +31.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,041 | €39,399 | +€9,358 | +31.2% |
| Profit (loss) carried forward | 14 | -€19,656 | €0 | +€19,656 | |
| Amounts payable | 17/49 | €185,642 | €160,497 | -€25,145 | -13.5% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,548 | €37,706 | -€25,843 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,391 | €1,425 | -€4,965 | -77.7% |
| Suppliers | 440/4 | €6,391 | €1,425 | -€4,965 | -77.7% |
| Taxes, remuneration and social security | 45 | €0 | €5,331 | +€5,331 | |
| Taxes | 450/3 | €0 | €5,331 | +€5,331 | |
| Other amounts payable | 47/48 | €57,158 | €30,949 | -€26,209 | -45.9% |
| Accrued charges and deferred income | 492/3 | €2,093 | €2,791 | +€698 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,964 | €15,210 | +€1,246 | +8.9% |
| Other operating charges | 640/8 | €2,663 | €2,512 | -€151 | -5.7% |
| Gross operating margin | 9900 | €20,003 | €52,818 | +€32,815 | +164% |
| Operating profit (loss) | 9901 | €3,376 | €35,096 | +€31,720 | +940% |
| Financial charges | 65/66B | €452 | €168 | -€284 | -62.8% |
| Recurring financial charges | 65 | €452 | €168 | -€284 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €2,924 | €34,928 | +€32,004 | +1,095% |
| Income taxes | 67/77 | - | €5,081 | +€5,081 | |
| Profit (loss) for the period | 9904 | €2,924 | €29,846 | +€26,923 | +921% |
| Profit (loss) for the period to be appropriated | 9905 | €2,924 | €29,846 | +€26,923 | +921% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.