Kunst/Werk: 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.
Kunst/Werk
Largest movements
- Receivables within one year +€34,072
up €34,072 (+76.8%), from €44,377 to €78,449
of which Trade receivables: +€37,393
- Cash +€3,534
up €3,534 (+8.5%), from €41,356 to €44,889
mainly Tax, wage and social debts (+€21,655) and Trade debts (+€7,531)
- Deferred charges and accrued income -€1,434
down €1,434 (-36.0%), from €3,987 to €2,553
- Tangible fixed assets -€1,278
down €1,278 (-50.9%), from €2,513 to €1,235
- Tax, wage and social debts +€21,655
up €21,655 (+74.7%), from €28,984 to €50,639
of which Taxes: +€11,396
- Trade debts +€7,531
up €7,531 (+17.0%), from €44,184 to €51,715
- Profit (loss) carried forward +€5,758
up €5,758 (+34.4%), from -€16,745 to -€10,986
- Staff costs -€22,708
down €22,708 (-9.2%), from €247,215 to €224,507
- Gross operating margin -€9,103
down €9,103 (-3.8%), from €240,812 to €231,710
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 | €92,232 | €127,126 | +€34,894 | +37.8% |
| Fixed assets | 21/28 | €2,513 | €1,235 | -€1,278 | -50.9% |
| Tangible fixed assets | 22/27 | €2,513 | €1,235 | -€1,278 | -50.9% |
| Furniture and vehicles | 24 | €2,513 | €1,235 | -€1,278 | -50.9% |
| Current assets | 29/58 | €89,719 | €125,891 | +€36,172 | +40.3% |
| Amounts receivable within one year | 40/41 | €44,377 | €78,449 | +€34,072 | +76.8% |
| Trade receivables | 40 | €9,757 | €47,150 | +€37,393 | +383% |
| Other amounts receivable | 41 | €34,619 | €31,299 | -€3,321 | -9.6% |
| Cash at bank and in hand | 54/58 | €41,356 | €44,889 | +€3,534 | +8.5% |
| Deferred charges and accrued income | 490/1 | €3,987 | €2,553 | -€1,434 | -36.0% |
| Total equity and liabilities | 10/49 | €92,232 | €127,126 | +€34,894 | +37.8% |
| Equity | 10/15 | €18,727 | €24,485 | +€5,758 | +30.7% |
| Contributions | 10/11 | €25,471 | €25,471 | = | 0.0% |
| Capital | 10 | €25,471 | €25,471 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,745 | -€10,986 | +€5,758 | +34.4% |
| Amounts payable | 17/49 | €73,506 | €102,641 | +€29,135 | +39.6% |
| Amounts payable within one year | 42/48 | €73,337 | €102,354 | +€29,017 | +39.6% |
| Trade debts | 44 | €44,184 | €51,715 | +€7,531 | +17.0% |
| Suppliers | 440/4 | €44,184 | €51,715 | +€7,531 | +17.0% |
| Advances received on contracts in progress | 46 | €169 | - | -€169 | |
| Taxes, remuneration and social security | 45 | €28,984 | €50,639 | +€21,655 | +74.7% |
| Taxes | 450/3 | €130 | €11,526 | +€11,396 | +8,754% |
| Remuneration and social security | 454/9 | €28,854 | €39,113 | +€10,259 | +35.6% |
| Accrued charges and deferred income | 492/3 | €169 | €288 | +€119 | +70.5% |
| Remuneration, social security and pensions | 62 | €247,215 | €224,507 | -€22,708 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €1,278 | -€282 | -18.1% |
| Other operating charges | 640/8 | €1,430 | - | -€1,430 | |
| Gross operating margin | 9900 | €240,812 | €231,710 | -€9,103 | -3.8% |
| Operating profit (loss) | 9901 | -€9,392 | €5,925 | +€15,317 | |
| Financial income | 75/76B | €193 | €449 | +€255 | +132% |
| Recurring financial income | 75 | €193 | €246 | +€53 | +27.3% |
| Non-recurring financial income | 76B | - | €203 | +€203 | |
| Financial charges | 65/66B | €397 | €616 | +€219 | +55.1% |
| Recurring financial charges | 65 | €397 | €616 | +€219 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,595 | €5,758 | +€15,354 | |
| Profit (loss) for the period | 9904 | -€9,595 | €5,758 | +€15,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,595 | €5,758 | +€15,354 |
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 31 October 2026 via checked.be.