FAN & 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.
FAN & ART
Largest movements
- Tangible fixed assets +€6,299
up €6,299 (+660%), from €954 to €7,253
- Current investments -€5,980
down €5,980 (-65.9%), from €9,067 to €3,088
- Cash +€3,153
up €3,153 (+144%), from €2,193 to €5,346
mainly Current investments (+€5,980) and Net result for the year (+€5,092)
- Receivables within one year +€3,041
up €3,041 (+46.2%), from €6,583 to €9,624
of which Trade receivables: +€3,143
- Profit (loss) carried forward +€5,092
up €5,092 (+51.6%), from -€9,874 to -€4,782
- Tax, wage and social debts +€1,493
up €1,493 (+55.8%), from €2,676 to €4,169
- Other debts +€868
up €868 (+19.6%), from €4,426 to €5,294
- Trade debts -€451
down €451 (-39.5%), from €1,143 to €692
- Gross operating margin +€8,947
up €8,947 (+287%), from €3,115 to €12,062
- Taxes +€2,214
up €2,214 (+356%), from €622 to €2,836
- Depreciation -€703
down €703 (-19.4%), from €3,620 to €2,917
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 | €20,882 | €27,632 | +€6,750 | +32.3% |
| Fixed assets | 21/28 | €954 | €7,253 | +€6,299 | +660% |
| Tangible fixed assets | 22/27 | €954 | €7,253 | +€6,299 | +660% |
| Furniture and vehicles | 24 | €954 | €7,253 | +€6,299 | +660% |
| Current assets | 29/58 | €19,928 | €20,379 | +€451 | +2.3% |
| Amounts receivable within one year | 40/41 | €6,583 | €9,624 | +€3,041 | +46.2% |
| Trade receivables | 40 | €6,481 | €9,624 | +€3,143 | +48.5% |
| Other amounts receivable | 41 | €102 | €0 | -€102 | -100% |
| Current investments | 50/53 | €9,067 | €3,088 | -€5,980 | -65.9% |
| Cash at bank and in hand | 54/58 | €2,193 | €5,346 | +€3,153 | +144% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,322 | +€237 | +11.4% |
| Total equity and liabilities | 10/49 | €20,882 | €27,632 | +€6,750 | +32.3% |
| Equity | 10/15 | €12,385 | €17,477 | +€5,092 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,059 | €16,059 | = | 0.0% |
| Distributable reserves | 133 | €16,059 | €16,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,874 | -€4,782 | +€5,092 | +51.6% |
| Amounts payable | 17/49 | €8,497 | €10,155 | +€1,658 | +19.5% |
| Amounts payable within one year | 42/48 | €8,497 | €10,155 | +€1,658 | +19.5% |
| Financial debts | 43 | €252 | €0 | -€252 | -100% |
| Credit institutions | 430/8 | €252 | €0 | -€252 | -100% |
| Trade debts | 44 | €1,143 | €692 | -€451 | -39.5% |
| Suppliers | 440/4 | €1,143 | €692 | -€451 | -39.5% |
| Taxes, remuneration and social security | 45 | €2,676 | €4,169 | +€1,493 | +55.8% |
| Taxes | 450/3 | €2,676 | €4,169 | +€1,493 | +55.8% |
| Other amounts payable | 47/48 | €4,426 | €5,294 | +€868 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,620 | €2,917 | -€703 | -19.4% |
| Other operating charges | 640/8 | €647 | €572 | -€76 | -11.7% |
| Gross operating margin | 9900 | €3,115 | €12,062 | +€8,947 | +287% |
| Operating profit (loss) | 9901 | -€1,152 | €8,574 | +€9,726 | |
| Financial charges | 65/66B | €619 | €646 | +€27 | +4.3% |
| Recurring financial charges | 65 | €619 | €646 | +€27 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,771 | €7,928 | +€9,699 | |
| Income taxes | 67/77 | €622 | €2,836 | +€2,214 | +356% |
| Profit (loss) for the period | 9904 | -€2,393 | €5,092 | +€7,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,393 | €5,092 | +€7,485 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.