L'Artiste: 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'Artiste
Largest movements
- Receivables within one year -€26,023
down €26,023 (-72.4%), from €35,928 to €9,905
of which Trade receivables: -€30,488
- Cash +€8,854
up €8,854 (+174%), from €5,097 to €13,951
mainly Receivables within one year (+€26,023) and Depreciation (+€10,672)
- Deferred charges and accrued income +€3,915
up €3,915 (+495%), from €790 to €4,706
- Tangible fixed assets -€3,641
down €3,641 (-17.1%), from €21,285 to €17,644
of which Leasing and similar rights: -€6,224
- Stocks and contracts -€1,235
down €1,235 (-15.5%), from €7,947 to €6,712
- Accrued charges and deferred income -€27,283
no longer reported in 2025 (was €27,283)
- Reserves +€8,945
up €8,945 (+73.1%), from €12,234 to €21,179
- Current portion of long-term debt -€7,188
no longer reported in 2025 (was €7,188)
- Tax, wage and social debts +€5,168
up €5,168 (+47.9%), from €10,791 to €15,958
of which Remuneration and social security: +€10,436
- Trade debts +€1,480
up €1,480 (+17.5%), from €8,478 to €9,958
- Gross operating margin +€21,395
up €21,395 (+22.7%), from €94,357 to €115,752
- Staff costs +€16,768
up €16,768 (+22.6%), from €74,351 to €91,120
- Taxes +€1,669
up €1,669 (+116%), from €1,438 to €3,107
- Financial charges -€1,355
down €1,355 (-57.1%), from €2,373 to €1,017
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 | €71,047 | €52,918 | -€18,128 | -25.5% |
| Fixed assets | 21/28 | €21,285 | €17,644 | -€3,641 | -17.1% |
| Tangible fixed assets | 22/27 | €21,285 | €17,644 | -€3,641 | -17.1% |
| Plant, machinery and equipment | 23 | €7,864 | €6,015 | -€1,850 | -23.5% |
| Furniture and vehicles | 24 | €1,655 | €733 | -€923 | -55.7% |
| Leasing and similar rights | 25 | €11,765 | €5,542 | -€6,224 | -52.9% |
| Other tangible fixed assets | 26 | - | €5,355 | +€5,355 | |
| Current assets | 29/58 | €49,762 | €35,274 | -€14,488 | -29.1% |
| Stocks and contracts in progress | 3 | €7,947 | €6,712 | -€1,235 | -15.5% |
| Stocks | 30/36 | €7,947 | €6,712 | -€1,235 | -15.5% |
| Amounts receivable within one year | 40/41 | €35,928 | €9,905 | -€26,023 | -72.4% |
| Trade receivables | 40 | €32,411 | €1,923 | -€30,488 | -94.1% |
| Other amounts receivable | 41 | €3,517 | €7,983 | +€4,466 | +127% |
| Cash at bank and in hand | 54/58 | €5,097 | €13,951 | +€8,854 | +174% |
| Deferred charges and accrued income | 490/1 | €790 | €4,706 | +€3,915 | +495% |
| Total equity and liabilities | 10/49 | €71,047 | €52,918 | -€18,128 | -25.5% |
| Equity | 10/15 | €14,234 | €23,179 | +€8,945 | +62.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,234 | €21,179 | +€8,945 | +73.1% |
| Distributable reserves | 133 | €12,234 | €21,179 | +€8,945 | +73.1% |
| Amounts payable | 17/49 | €56,812 | €29,739 | -€27,074 | -47.7% |
| Amounts payable within one year | 42/48 | €29,529 | €29,739 | +€210 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €7,188 | - | -€7,188 | |
| Trade debts | 44 | €8,478 | €9,958 | +€1,480 | +17.5% |
| Suppliers | 440/4 | €8,478 | €9,958 | +€1,480 | +17.5% |
| Taxes, remuneration and social security | 45 | €10,791 | €15,958 | +€5,168 | +47.9% |
| Taxes | 450/3 | €6,374 | €1,106 | -€5,269 | -82.7% |
| Remuneration and social security | 454/9 | €4,416 | €14,853 | +€10,436 | +236% |
| Other amounts payable | 47/48 | €3,072 | €3,822 | +€750 | +24.4% |
| Accrued charges and deferred income | 492/3 | €27,283 | - | -€27,283 | |
| Remuneration, social security and pensions | 62 | €74,351 | €91,120 | +€16,768 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,139 | €10,672 | +€533 | +5.3% |
| Other operating charges | 640/8 | €764 | €891 | +€127 | +16.7% |
| Gross operating margin | 9900 | €94,357 | €115,752 | +€21,395 | +22.7% |
| Operating profit (loss) | 9901 | €9,104 | €13,069 | +€3,966 | +43.6% |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €2,373 | €1,017 | -€1,355 | -57.1% |
| Recurring financial charges | 65 | €2,373 | €1,017 | -€1,355 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €6,798 | €12,052 | +€5,254 | +77.3% |
| Income taxes | 67/77 | €1,438 | €3,107 | +€1,669 | +116% |
| Profit (loss) for the period | 9904 | €5,360 | €8,945 | +€3,585 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,360 | €8,945 | +€3,585 | +66.9% |
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.