K.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.
K.ART
Largest movements
- Cash -€22,367
down €22,367 (-67.6%), from €33,088 to €10,721
mainly Contributions, distributions and other (-€14,000) and Receivables within one year (-€12,157)
- Receivables within one year +€12,157
up €12,157 (+104%), from €11,715 to €23,872
of which Trade receivables: +€11,655
- Profit (loss) carried forward -€6,950
down €6,950 (-18.8%), from €36,906 to €29,956
- Tax, wage and social debts -€1,863
down €1,863 (-76.8%), from €2,425 to €562
- Other debts -€1,038
down €1,038 (-100%), from €1,038 to €0
- Financial income +€1,681
up €1,681, from €0 to €1,681
- Gross operating margin +€980
up €980 (+13.0%), from €7,530 to €8,510
- Financial charges +€479
up €479 (+678%), from €71 to €549
- Taxes +€305
up €305 (+14.2%), from €2,143 to €2,448
- Depreciation -€209
down €209 (-59.2%), from €353 to €144
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 | €44,947 | €34,908 | -€10,039 | -22.3% |
| Fixed assets | 21/28 | €144 | €0 | -€144 | -100% |
| Tangible fixed assets | 22/27 | €144 | €0 | -€144 | -100% |
| Furniture and vehicles | 24 | €144 | €0 | -€144 | -100% |
| Current assets | 29/58 | €44,803 | €34,908 | -€9,895 | -22.1% |
| Amounts receivable within one year | 40/41 | €11,715 | €23,872 | +€12,157 | +104% |
| Trade receivables | 40 | €11,264 | €22,918 | +€11,655 | +103% |
| Other amounts receivable | 41 | €451 | €954 | +€503 | +111% |
| Cash at bank and in hand | 54/58 | €33,088 | €10,721 | -€22,367 | -67.6% |
| Deferred charges and accrued income | 490/1 | - | €314 | +€314 | |
| Total equity and liabilities | 10/49 | €44,947 | €34,908 | -€10,039 | -22.3% |
| Equity | 10/15 | €38,006 | €31,056 | -€6,950 | -18.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,906 | €29,956 | -€6,950 | -18.8% |
| Amounts payable | 17/49 | €6,941 | €3,852 | -€3,089 | -44.5% |
| Amounts payable within one year | 42/48 | €6,941 | €3,852 | -€3,089 | -44.5% |
| Trade debts | 44 | €3,478 | €3,290 | -€188 | -5.4% |
| Suppliers | 440/4 | €3,478 | €3,290 | -€188 | -5.4% |
| Taxes, remuneration and social security | 45 | €2,425 | €562 | -€1,863 | -76.8% |
| Taxes | 450/3 | €2,425 | €562 | -€1,863 | -76.8% |
| Other amounts payable | 47/48 | €1,038 | €0 | -€1,038 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €144 | -€209 | -59.2% |
| Gross operating margin | 9900 | €7,530 | €8,510 | +€980 | +13.0% |
| Operating profit (loss) | 9901 | €7,177 | €8,366 | +€1,188 | +16.6% |
| Financial income | 75/76B | €0 | €1,681 | +€1,681 | |
| Recurring financial income | 75 | €0 | €1,681 | +€1,681 | |
| Financial charges | 65/66B | €71 | €549 | +€479 | +678% |
| Recurring financial charges | 65 | €71 | €549 | +€479 | +678% |
| Profit (loss) for the period before taxes | 9903 | €7,107 | €9,498 | +€2,391 | +33.6% |
| Income taxes | 67/77 | €2,143 | €2,448 | +€305 | +14.2% |
| Profit (loss) for the period | 9904 | €4,964 | €7,050 | +€2,086 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,964 | €7,050 | +€2,086 | +42.0% |
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.