Furnish-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.
Furnish-Art
Largest movements
- Receivables within one year -€81,145
down €81,145 (-9.1%), from €896,142 to €814,997
of which Trade receivables: -€182,024
- Stocks and contracts -€16,468
down €16,468 (-36.6%), from €45,036 to €28,568
of which Stocks: -€16,468
- Profit (loss) carried forward -€61,703
new in 2025: -€61,703
- Other debts -€31,526
down €31,526 (-81.8%), from €38,526 to €7,000
- Short-term financial debts +€17,831
up €17,831 (+15.0%), from €118,889 to €136,721
- Tax, wage and social debts -€12,004
down €12,004 (-27.7%), from €43,321 to €31,317
of which Taxes: -€10,512
- Advances received -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Purchases and services +€379,295
up €379,295 (+38.7%), from €980,213 to €1.4m
- Gross operating margin -€253,281
down €253,281, from €227,289 to -€25,992
- Turnover +€113,657
up €113,657 (+9.4%), from €1.2m to €1.3m
- Taxes -€58,328
down €58,328 (-98.9%), from €58,997 to €669
- Staff costs -€21,016
down €21,016 (-52.9%), from €39,733 to €18,718
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 | €974,773 | €872,227 | -€102,546 | -10.5% |
| Fixed assets | 21/28 | €14,493 | €16,432 | +€1,939 | +13.4% |
| Tangible fixed assets | 22/27 | €14,493 | €16,432 | +€1,939 | +13.4% |
| Plant, machinery and equipment | 23 | €8,272 | €5,461 | -€2,811 | -34.0% |
| Furniture and vehicles | 24 | €505 | €6,113 | +€5,608 | +1,110% |
| Other tangible fixed assets | 26 | €5,716 | €4,858 | -€857 | -15.0% |
| Current assets | 29/58 | €960,281 | €855,795 | -€104,485 | -10.9% |
| Stocks and contracts in progress | 3 | €45,036 | €28,568 | -€16,468 | -36.6% |
| Stocks | 30/36 | €45,036 | €28,568 | -€16,468 | -36.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €896,142 | €814,997 | -€81,145 | -9.1% |
| Trade receivables | 40 | €749,842 | €567,817 | -€182,024 | -24.3% |
| Other amounts receivable | 41 | €146,300 | €247,179 | +€100,879 | +69.0% |
| Cash at bank and in hand | 54/58 | €14,654 | €9,155 | -€5,498 | -37.5% |
| Deferred charges and accrued income | 490/1 | €4,449 | €3,075 | -€1,374 | -30.9% |
| Total equity and liabilities | 10/49 | €974,773 | €872,227 | -€102,546 | -10.5% |
| Equity | 10/15 | €401,581 | €336,761 | -€64,819 | -16.1% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €394,881 | €391,764 | -€3,116 | -0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €393,021 | €389,904 | -€3,116 | -0.8% |
| Profit (loss) carried forward | 14 | - | -€61,703 | -€61,703 | |
| Amounts payable | 17/49 | €573,192 | €535,466 | -€37,727 | -6.6% |
| Amounts payable within one year | 42/48 | €573,192 | €535,466 | -€37,727 | -6.6% |
| Financial debts | 43 | €118,889 | €136,721 | +€17,831 | +15.0% |
| Credit institutions | 430/8 | €118,889 | €136,721 | +€17,831 | +15.0% |
| Trade debts | 44 | €357,456 | €355,428 | -€2,028 | -0.6% |
| Suppliers | 440/4 | €357,456 | €355,428 | -€2,028 | -0.6% |
| Advances received on contracts in progress | 46 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Taxes, remuneration and social security | 45 | €43,321 | €31,317 | -€12,004 | -27.7% |
| Taxes | 450/3 | €40,562 | €30,050 | -€10,512 | -25.9% |
| Remuneration and social security | 454/9 | €2,758 | €1,267 | -€1,491 | -54.1% |
| Other amounts payable | 47/48 | €38,526 | €7,000 | -€31,526 | -81.8% |
| Turnover | 70 | €1,209,431 | €1,323,088 | +€113,657 | +9.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €980,213 | €1,359,508 | +€379,295 | +38.7% |
| Remuneration, social security and pensions | 62 | €39,733 | €18,718 | -€21,016 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,088 | €5,411 | +€1,323 | +32.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,728 | €2,423 | +€696 | +40.3% |
| Gross operating margin | 9900 | €227,289 | -€25,992 | -€253,281 | |
| Operating profit (loss) | 9901 | €181,740 | -€52,544 | -€234,284 | |
| Financial income | 75/76B | €206 | €970 | +€764 | +371% |
| Recurring financial income | 75 | €206 | €970 | +€764 | +371% |
| Financial charges | 65/66B | €9,474 | €12,576 | +€3,102 | +32.7% |
| Recurring financial charges | 65 | €9,474 | €12,576 | +€3,102 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €172,472 | -€64,150 | -€236,622 | |
| Income taxes | 67/77 | €58,997 | €669 | -€58,328 | -98.9% |
| Profit (loss) for the period | 9904 | €113,475 | -€64,819 | -€178,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,475 | -€64,819 | -€178,294 |
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 28 October 2026 via checked.be.