FinArte: 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.
FinArte
Largest movements
- Receivables within one year -€10,407
down €10,407 (-23.6%), from €44,180 to €33,774
of which Trade receivables: -€6,195
- Cash +€8,435
up €8,435 (+33.6%), from €25,096 to €33,531
mainly Net result for the year (+€39,929) and Receivables within one year (+€10,407)
- Tangible fixed assets -€2,359
down €2,359 (-41.7%), from €5,657 to €3,298
- Reserves -€10,371
down €10,371 (-19.7%), from €52,543 to €42,172
- Tax, wage and social debts +€3,934
up €3,934 (+29.2%), from €13,451 to €17,385
- Trade debts +€1,849
up €1,849 (+465%), from €398 to €2,246
- Other debts +€1,413
new in 2025: €1,413
- Current portion of long-term debt -€1,291
no longer reported in 2025 (was €1,291)
- Gross operating margin -€5,435
down €5,435 (-8.5%), from €64,091 to €58,656
- Taxes -€972
down €972 (-7.3%), from €13,396 to €12,425
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 | €75,183 | €70,852 | -€4,331 | -5.8% |
| Fixed assets | 21/28 | €5,907 | €3,548 | -€2,359 | -39.9% |
| Tangible fixed assets | 22/27 | €5,657 | €3,298 | -€2,359 | -41.7% |
| Furniture and vehicles | 24 | €5,657 | €3,298 | -€2,359 | -41.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €69,276 | €67,305 | -€1,971 | -2.8% |
| Amounts receivable within one year | 40/41 | €44,180 | €33,774 | -€10,407 | -23.6% |
| Trade receivables | 40 | €36,169 | €29,974 | -€6,195 | -17.1% |
| Other amounts receivable | 41 | €8,012 | €3,800 | -€4,212 | -52.6% |
| Cash at bank and in hand | 54/58 | €25,096 | €33,531 | +€8,435 | +33.6% |
| Total equity and liabilities | 10/49 | €75,183 | €70,852 | -€4,331 | -5.8% |
| Equity | 10/15 | €60,043 | €49,672 | -€10,371 | -17.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €52,543 | €42,172 | -€10,371 | -19.7% |
| Distributable reserves | 133 | €52,543 | €42,172 | -€10,371 | -19.7% |
| Amounts payable | 17/49 | €15,140 | €21,180 | +€6,040 | +39.9% |
| Amounts payable within one year | 42/48 | €15,140 | €21,044 | +€5,903 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €1,291 | - | -€1,291 | |
| Trade debts | 44 | €398 | €2,246 | +€1,849 | +465% |
| Suppliers | 440/4 | €398 | €2,246 | +€1,849 | +465% |
| Taxes, remuneration and social security | 45 | €13,451 | €17,385 | +€3,934 | +29.2% |
| Taxes | 450/3 | €13,451 | €17,385 | +€3,934 | +29.2% |
| Other amounts payable | 47/48 | - | €1,413 | +€1,413 | |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,406 | €2,359 | -€47 | -1.9% |
| Other operating charges | 640/8 | €1,175 | €913 | -€261 | -22.3% |
| Gross operating margin | 9900 | €64,091 | €58,656 | -€5,435 | -8.5% |
| Operating profit (loss) | 9901 | €60,510 | €55,384 | -€5,127 | -8.5% |
| Financial income | 75/76B | €315 | €0 | -€315 | -100.0% |
| Recurring financial income | 75 | €315 | €0 | -€315 | -100.0% |
| Financial charges | 65/66B | €3,167 | €3,030 | -€137 | -4.3% |
| Recurring financial charges | 65 | €3,167 | €3,030 | -€137 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €57,659 | €52,354 | -€5,305 | -9.2% |
| Income taxes | 67/77 | €13,396 | €12,425 | -€972 | -7.3% |
| Profit (loss) for the period | 9904 | €44,263 | €39,929 | -€4,333 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,263 | €39,929 | -€4,333 | -9.8% |
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 13 October 2026 via checked.be.