KUNSTNATIE: 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.
KUNSTNATIE
Largest movements
- Cash -€111,618
down €111,618 (-92.5%), from €120,656 to €9,038
mainly Debts after one year (-€97,718) and Net result for the year (-€43,970)
- Tangible fixed assets -€54,997
down €54,997 (-1.9%), from €2.9m to €2.9m
- Debts after one year -€97,718
down €97,718 (-8.2%), from €1.2m to €1.1m
of which Financial debts: -€97,493
- Profit (loss) carried forward -€43,970
down €43,970 (-8.8%), from €501,299 to €457,329
- Gross operating margin -€441,362
down €441,362 (-76.2%), from €579,430 to €138,068
- Depreciation +€68,319
new in 2025: €68,319
- Financial charges +€12,002
up €12,002 (+12.6%), from €95,562 to €107,564
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 | €3,063,749 | €2,897,133 | -€166,616 | -5.4% |
| Fixed assets | 21/28 | €2,943,093 | €2,888,095 | -€54,997 | -1.9% |
| Tangible fixed assets | 22/27 | €2,943,093 | €2,888,095 | -€54,997 | -1.9% |
| Land and buildings | 22 | €2,943,093 | €2,888,095 | -€54,997 | -1.9% |
| Current assets | 29/58 | €120,656 | €9,038 | -€111,618 | -92.5% |
| Cash at bank and in hand | 54/58 | €120,656 | €9,038 | -€111,618 | -92.5% |
| Total equity and liabilities | 10/49 | €3,063,749 | €2,897,133 | -€166,616 | -5.4% |
| Equity | 10/15 | €526,299 | €482,329 | -€43,970 | -8.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €501,299 | €457,329 | -€43,970 | -8.8% |
| Provisions and deferred taxes | 16 | €1,110,057 | €1,122,283 | +€12,226 | +1.1% |
| Provisions for liabilities and charges | 160/5 | €1,110,057 | €1,122,283 | +€12,226 | +1.1% |
| Other liabilities and charges | 164/5 | €1,110,057 | €1,122,283 | +€12,226 | +1.1% |
| Amounts payable | 17/49 | €1,427,393 | €1,292,521 | -€134,872 | -9.4% |
| Amounts payable after more than one year | 17 | €1,184,925 | €1,087,207 | -€97,718 | -8.2% |
| Financial debts | 170/4 | €1,158,400 | €1,060,907 | -€97,493 | -8.4% |
| Other amounts payable | 178/9 | €26,525 | €26,300 | -€225 | -0.8% |
| Amounts payable within one year | 42/48 | €221,537 | €205,314 | -€16,222 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €94,996 | €97,493 | +€2,497 | +2.6% |
| Trade debts | 44 | €10,475 | €151 | -€10,324 | -98.6% |
| Suppliers | 440/4 | €10,475 | €151 | -€10,324 | -98.6% |
| Taxes, remuneration and social security | 45 | €3,435 | €131 | -€3,303 | -96.2% |
| Taxes | 450/3 | €3,435 | €131 | -€3,303 | -96.2% |
| Other amounts payable | 47/48 | €112,631 | €107,539 | -€5,092 | -4.5% |
| Accrued charges and deferred income | 492/3 | €20,932 | - | -€20,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €68,319 | +€68,319 | |
| Other operating charges | 640/8 | €8,698 | €6,155 | -€2,543 | -29.2% |
| Gross operating margin | 9900 | €579,430 | €138,068 | -€441,362 | -76.2% |
| Operating profit (loss) | 9901 | €570,732 | €63,594 | -€507,138 | -88.9% |
| Financial income | 75/76B | €70 | - | -€70 | |
| Recurring financial income | 75 | €70 | - | -€70 | |
| Financial charges | 65/66B | €95,562 | €107,564 | +€12,002 | +12.6% |
| Recurring financial charges | 65 | €95,562 | €107,564 | +€12,002 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €475,240 | -€43,970 | -€519,210 | |
| Income taxes | 67/77 | €3,435 | - | -€3,435 | |
| Profit (loss) for the period | 9904 | €471,805 | -€43,970 | -€515,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €471,805 | -€43,970 | -€515,775 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.