Fin - 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.
Fin - Art
Largest movements
- Tangible fixed assets -€18,528
down €18,528 (-6.2%), from €299,108 to €280,580
of which Plant, machinery and equipment: -€270,424
- Cash +€17,349
up €17,349 (+10.7%), from €162,293 to €179,642
mainly Depreciation (+€18,528) and Accrued charges and deferred income (+€4,360)
- Profit (loss) carried forward +€7,393
up €7,393 (+3.2%), from €230,402 to €237,795
- Other debts -€6,695
down €6,695 (-3.1%), from €218,343 to €211,648
- Reserves -€6,450
down €6,450 (-84.9%), from €7,595 to €1,145
- Gross operating margin -€5,220
down €5,220 (-19.2%), from €27,134 to €21,914
- Depreciation +€1,904
up €1,904 (+11.5%), from €16,624 to €18,528
- Taxes -€862
down €862 (-82.8%), from €1,040 to €178
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 | €461,600 | €462,452 | +€852 | +0.2% |
| Fixed assets | 21/28 | €299,108 | €280,580 | -€18,528 | -6.2% |
| Tangible fixed assets | 22/27 | €299,108 | €280,580 | -€18,528 | -6.2% |
| Land and buildings | 22 | - | €256,666 | +€256,666 | |
| Plant, machinery and equipment | 23 | €271,541 | €1,118 | -€270,424 | -99.6% |
| Furniture and vehicles | 24 | €27,567 | €22,796 | -€4,771 | -17.3% |
| Current assets | 29/58 | €162,492 | €181,872 | +€19,381 | +11.9% |
| Stocks and contracts in progress | 3 | €100 | €100 | = | 0.0% |
| Stocks | 30/36 | €100 | €100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99 | - | -€99 | |
| Trade receivables | 40 | €99 | - | -€99 | |
| Cash at bank and in hand | 54/58 | €162,293 | €179,642 | +€17,349 | +10.7% |
| Deferred charges and accrued income | 490/1 | - | €2,131 | +€2,131 | |
| Total equity and liabilities | 10/49 | €461,600 | €462,452 | +€852 | +0.2% |
| Equity | 10/15 | €237,997 | €238,940 | +€943 | +0.4% |
| Reserves | 13 | €7,595 | €1,145 | -€6,450 | -84.9% |
| Tax-exempt reserves | 132 | €7,595 | €1,145 | -€6,450 | -84.9% |
| Profit (loss) carried forward | 14 | €230,402 | €237,795 | +€7,393 | +3.2% |
| Amounts payable | 17/49 | €223,603 | €223,512 | -€91 | 0.0% |
| Amounts payable within one year | 42/48 | €223,603 | €219,152 | -€4,451 | -2.0% |
| Trade debts | 44 | €1,170 | €2,693 | +€1,523 | +130% |
| Suppliers | 440/4 | €1,170 | €2,693 | +€1,523 | +130% |
| Taxes, remuneration and social security | 45 | €4,090 | €4,811 | +€722 | +17.7% |
| Taxes | 450/3 | €4,090 | €4,811 | +€722 | +17.7% |
| Other amounts payable | 47/48 | €218,343 | €211,648 | -€6,695 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €4,360 | +€4,360 | |
| Remuneration, social security and pensions | 62 | - | €106 | +€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,624 | €18,528 | +€1,904 | +11.5% |
| Other operating charges | 640/8 | €2,067 | €1,895 | -€172 | -8.3% |
| Gross operating margin | 9900 | €27,134 | €21,914 | -€5,220 | -19.2% |
| Operating profit (loss) | 9901 | €8,443 | €1,384 | -€7,058 | -83.6% |
| Financial income | 75/76B | €81 | €29 | -€52 | -63.6% |
| Recurring financial income | 75 | €81 | €29 | -€52 | -63.6% |
| Financial charges | 65/66B | €160 | €104 | -€56 | -34.8% |
| Recurring financial charges | 65 | €160 | €104 | -€56 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €8,364 | €1,310 | -€7,054 | -84.3% |
| Income taxes | 67/77 | €1,040 | €178 | -€862 | -82.8% |
| Profit (loss) for the period | 9904 | €7,324 | €1,131 | -€6,192 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,324 | €1,131 | -€6,192 | -84.6% |
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 18 October 2026 via checked.be.