FinArteSS: 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.
FinArteSS
Largest movements
- Tangible fixed assets -€16,279
down €16,279 (-13.1%), from €124,676 to €108,397
of which Land and buildings: -€9,667
- Receivables within one year -€7,468
no longer reported in 2025 (was €7,468)
- Cash -€5,557
down €5,557 (-40.9%), from €13,582 to €8,025
mainly Current portion of long-term debt (-€12,667) and Debts after one year (-€6,333)
- Current portion of long-term debt -€12,667
down €12,667 (-66.7%), from €19,000 to €6,333
- Debts after one year -€6,333
no longer reported in 2025 (was €6,333)
- Trade debts -€4,592
down €4,592 (-81.2%), from €5,656 to €1,064
- Profit (loss) carried forward -€3,683
new in 2025: -€3,683
- Tax, wage and social debts -€1,796
down €1,796 (-21.6%), from €8,314 to €6,518
- Gross operating margin -€15,552
down €15,552 (-45.7%), from €34,036 to €18,484
- Taxes -€2,689
down €2,689 (-93.3%), from €2,882 to €193
- Financial charges -€2,670
down €2,670 (-57.0%), from €4,684 to €2,014
- Other operating charges -€540
down €540 (-24.8%), from €2,176 to €1,636
- Depreciation +€363
up €363 (+2.0%), from €17,962 to €18,324
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 | €148,361 | €118,481 | -€29,879 | -20.1% |
| Fixed assets | 21/28 | €127,310 | €110,456 | -€16,854 | -13.2% |
| Intangible fixed assets | 21 | €2,635 | €2,060 | -€575 | -21.8% |
| Tangible fixed assets | 22/27 | €124,676 | €108,397 | -€16,279 | -13.1% |
| Land and buildings | 22 | €74,917 | €65,250 | -€9,667 | -12.9% |
| Plant, machinery and equipment | 23 | €30,007 | €24,786 | -€5,221 | -17.4% |
| Furniture and vehicles | 24 | €19,752 | €18,360 | -€1,392 | -7.0% |
| Current assets | 29/58 | €21,050 | €8,025 | -€13,025 | -61.9% |
| Amounts receivable within one year | 40/41 | €7,468 | - | -€7,468 | |
| Trade receivables | 40 | €7,468 | - | -€7,468 | |
| Cash at bank and in hand | 54/58 | €13,582 | €8,025 | -€5,557 | -40.9% |
| Total equity and liabilities | 10/49 | €148,361 | €118,481 | -€29,879 | -20.1% |
| Equity | 10/15 | €69,110 | €65,427 | -€3,683 | -5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,910 | €62,910 | = | 0.0% |
| Distributable reserves | 133 | €62,910 | €62,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,683 | -€3,683 | |
| Amounts payable | 17/49 | €79,251 | €53,055 | -€26,196 | -33.1% |
| Amounts payable after more than one year | 17 | €6,333 | - | -€6,333 | |
| Financial debts | 170/4 | €6,333 | - | -€6,333 | |
| Amounts payable within one year | 42/48 | €72,918 | €53,055 | -€19,863 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €6,333 | -€12,667 | -66.7% |
| Trade debts | 44 | €5,656 | €1,064 | -€4,592 | -81.2% |
| Suppliers | 440/4 | €5,656 | €1,064 | -€4,592 | -81.2% |
| Taxes, remuneration and social security | 45 | €8,314 | €6,518 | -€1,796 | -21.6% |
| Taxes | 450/3 | €8,314 | €6,518 | -€1,796 | -21.6% |
| Other amounts payable | 47/48 | €39,947 | €39,139 | -€808 | -2.0% |
| Non-recurring operating income | 76A | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,962 | €18,324 | +€363 | +2.0% |
| Other operating charges | 640/8 | €2,176 | €1,636 | -€540 | -24.8% |
| Gross operating margin | 9900 | €34,036 | €18,484 | -€15,552 | -45.7% |
| Operating profit (loss) | 9901 | €13,898 | -€1,476 | -€15,375 | |
| Financial charges | 65/66B | €4,684 | €2,014 | -€2,670 | -57.0% |
| Recurring financial charges | 65 | €4,684 | €2,014 | -€2,670 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €9,215 | -€3,490 | -€12,704 | |
| Income taxes | 67/77 | €2,882 | €193 | -€2,689 | -93.3% |
| Profit (loss) for the period | 9904 | €6,332 | -€3,683 | -€10,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,332 | -€3,683 | -€10,015 |
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 21 October 2026 via checked.be.