F.J. 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.
F.J. ART
Largest movements
- Stocks and contracts -€6,803
down €6,803 (-2.3%), from €296,377 to €289,574
- Profit (loss) carried forward -€11,347
down €11,347 (-4.8%), from -€236,033 to -€247,380
- Other debts +€4,123
up €4,123 (+5.6%), from €73,818 to €77,941
- Gross operating margin +€11,307
up €11,307 (+52.7%), from -€21,450 to -€10,143
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 | €298,635 | €291,754 | -€6,881 | -2.3% |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €298,635 | €291,754 | -€6,881 | -2.3% |
| Stocks and contracts in progress | 3 | €296,377 | €289,574 | -€6,803 | -2.3% |
| Stocks | 30/36 | €296,377 | €289,574 | -€6,803 | -2.3% |
| Amounts receivable within one year | 40/41 | €1,122 | €662 | -€460 | -41.0% |
| Trade receivables | 40 | €900 | €0 | -€900 | -100% |
| Other amounts receivable | 41 | €222 | €662 | +€440 | +198% |
| Cash at bank and in hand | 54/58 | - | €47 | +€47 | |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,471 | +€334 | +29.4% |
| Total equity and liabilities | 10/49 | €298,635 | €291,754 | -€6,881 | -2.3% |
| Equity | 10/15 | €222,227 | €210,880 | -€11,347 | -5.1% |
| Contributions | 10/11 | €416,600 | €416,600 | = | 0.0% |
| Reserves | 13 | €41,660 | €41,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,660 | €41,660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,660 | €41,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,033 | -€247,380 | -€11,347 | -4.8% |
| Amounts payable | 17/49 | €76,408 | €80,874 | +€4,466 | +5.8% |
| Amounts payable within one year | 42/48 | €76,408 | €80,874 | +€4,466 | +5.8% |
| Financial debts | 43 | €1,323 | €0 | -€1,323 | -100% |
| Credit institutions | 430/8 | €1,323 | €0 | -€1,323 | -100% |
| Trade debts | 44 | €536 | €2,168 | +€1,632 | +304% |
| Suppliers | 440/4 | €536 | €2,168 | +€1,632 | +304% |
| Taxes, remuneration and social security | 45 | €731 | €765 | +€34 | +4.7% |
| Taxes | 450/3 | €731 | €765 | +€34 | +4.7% |
| Other amounts payable | 47/48 | €73,818 | €77,941 | +€4,123 | +5.6% |
| Other operating charges | 640/8 | €773 | €620 | -€153 | -19.8% |
| Gross operating margin | 9900 | -€21,450 | -€10,143 | +€11,307 | +52.7% |
| Operating profit (loss) | 9901 | -€22,223 | -€10,763 | +€11,460 | +51.6% |
| Financial charges | 65/66B | €198 | €204 | +€6 | +3.1% |
| Recurring financial charges | 65 | €198 | €204 | +€6 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,421 | -€10,967 | +€11,454 | +51.1% |
| Income taxes | 67/77 | €385 | €380 | -€5 | -1.3% |
| Profit (loss) for the period | 9904 | -€22,806 | -€11,347 | +€11,459 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,806 | -€11,347 | +€11,459 | +50.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.