L'ART-DOISIER: 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.
L'ART-DOISIER
Largest movements
- Cash +€16,853
up €16,853 (+99.6%), from €16,920 to €33,773
mainly Depreciation (+€24,731) and Net result for the year (+€22,764)
- Receivables within one year +€5,816
up €5,816 (+37.6%), from €15,453 to €21,269
of which Trade receivables: +€4,010
- Stocks and contracts +€5,245
up €5,245 (+21.4%), from €24,500 to €29,745
- Reserves +€22,750
up €22,750 (+52.9%), from €43,000 to €65,750
- Advances received +€17,381
new in 2025: €17,381
- Debts after one year -€8,925
down €8,925 (-30.2%), from €29,545 to €20,620
- Other debts -€8,039
down €8,039 (-23.0%), from €34,949 to €26,911
- Trade debts +€7,427
up €7,427 (+111%), from €6,689 to €14,116
- Depreciation +€10,564
up €10,564 (+74.6%), from €14,167 to €24,731
- Staff costs +€9,326
up €9,326 (+138%), from €6,734 to €16,061
- Other operating charges -€6,563
down €6,563 (-93.0%), from €7,057 to €494
- Taxes -€2,255
down €2,255 (-17.6%), from €12,780 to €10,525
- Gross operating margin +€1,857
up €1,857 (+2.5%), from €74,679 to €76,537
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 | €145,038 | €176,057 | +€31,019 | +21.4% |
| Fixed assets | 21/28 | €84,818 | €86,287 | +€1,469 | +1.7% |
| Tangible fixed assets | 22/27 | €84,686 | €86,155 | +€1,469 | +1.7% |
| Plant, machinery and equipment | 23 | €3,150 | €12,725 | +€9,575 | +304% |
| Furniture and vehicles | 24 | €81,536 | €73,430 | -€8,106 | -9.9% |
| Financial fixed assets | 28 | €132 | €132 | = | 0.0% |
| Current assets | 29/58 | €60,220 | €89,770 | +€29,549 | +49.1% |
| Stocks and contracts in progress | 3 | €24,500 | €29,745 | +€5,245 | +21.4% |
| Stocks | 30/36 | €24,500 | €29,745 | +€5,245 | +21.4% |
| Amounts receivable within one year | 40/41 | €15,453 | €21,269 | +€5,816 | +37.6% |
| Trade receivables | 40 | €5,903 | €9,913 | +€4,010 | +67.9% |
| Other amounts receivable | 41 | €9,550 | €11,356 | +€1,806 | +18.9% |
| Cash at bank and in hand | 54/58 | €16,920 | €33,773 | +€16,853 | +99.6% |
| Deferred charges and accrued income | 490/1 | €3,347 | €4,983 | +€1,636 | +48.9% |
| Total equity and liabilities | 10/49 | €145,038 | €176,057 | +€31,019 | +21.4% |
| Equity | 10/15 | €59,826 | €82,590 | +€22,764 | +38.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €65,750 | +€22,750 | +52.9% |
| Distributable reserves | 133 | €43,000 | €65,750 | +€22,750 | +52.9% |
| Profit (loss) carried forward | 14 | €6,826 | €6,840 | +€14 | +0.2% |
| Amounts payable | 17/49 | €85,212 | €93,467 | +€8,255 | +9.7% |
| Amounts payable after more than one year | 17 | €29,545 | €20,620 | -€8,925 | -30.2% |
| Financial debts | 170/4 | €29,545 | €20,620 | -€8,925 | -30.2% |
| Amounts payable within one year | 42/48 | €55,667 | €72,847 | +€17,180 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €8,572 | €8,925 | +€353 | +4.1% |
| Trade debts | 44 | €6,689 | €14,116 | +€7,427 | +111% |
| Suppliers | 440/4 | €6,689 | €14,116 | +€7,427 | +111% |
| Advances received on contracts in progress | 46 | - | €17,381 | +€17,381 | |
| Taxes, remuneration and social security | 45 | €5,457 | €5,514 | +€57 | +1.0% |
| Taxes | 450/3 | €4,516 | €4,250 | -€266 | -5.9% |
| Remuneration and social security | 454/9 | €941 | €1,264 | +€323 | +34.3% |
| Other amounts payable | 47/48 | €34,949 | €26,911 | -€8,039 | -23.0% |
| Remuneration, social security and pensions | 62 | €6,734 | €16,061 | +€9,326 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,167 | €24,731 | +€10,564 | +74.6% |
| Other operating charges | 640/8 | €7,057 | €494 | -€6,563 | -93.0% |
| Non-recurring operating charges | 66A | €182 | €64 | -€118 | -65.0% |
| Gross operating margin | 9900 | €74,679 | €76,537 | +€1,857 | +2.5% |
| Operating profit (loss) | 9901 | €46,539 | €35,187 | -€11,352 | -24.4% |
| Financial income | 75/76B | €3,729 | €3,685 | -€44 | -1.2% |
| Recurring financial income | 75 | €3,729 | €3,685 | -€44 | -1.2% |
| Financial charges | 65/66B | €5,397 | €5,582 | +€185 | +3.4% |
| Recurring financial charges | 65 | €5,397 | €5,582 | +€185 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €44,871 | €33,289 | -€11,581 | -25.8% |
| Income taxes | 67/77 | €12,780 | €10,525 | -€2,255 | -17.6% |
| Profit (loss) for the period | 9904 | €32,090 | €22,764 | -€9,326 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,090 | €22,764 | -€9,326 | -29.1% |
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 30 October 2026 via checked.be.