L&Z ARTS: what changed
L&Z ARTS
Largest movements
- Tangible fixed assets -€14,896
down €14,896 (-6.4%), from €232,345 to €217,449
of which Land and buildings: -€14,203
- Cash -€3,643
down €3,643 (-43.6%), from €8,361 to €4,718
mainly Debts after one year (-€13,477) and Trade debts (-€6,397)
- Debts after one year -€13,477
down €13,477 (-8.0%), from €169,262 to €155,785
- Other debts +€8,648
up €8,648 (+38.1%), from €22,702 to €31,350
- Trade debts -€6,397
down €6,397 (-53.4%), from €11,984 to €5,586
- Profit (loss) carried forward -€5,187
down €5,187 (-14.9%), from €34,762 to €29,575
- Gross operating margin +€17,690
up €17,690 (+1,040%), from €1,701 to €19,392
- Taxes +€2,317
up €2,317, from -€2,185 to €132
- Financial charges -€1,163
down €1,163 (-16.8%), from €6,906 to €5,743
- Other operating charges -€1,076
down €1,076 (-22.0%), from €4,889 to €3,812
- Depreciation -€917
down €917 (-5.8%), from €15,813 to €14,896
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,347 | €244,745 | -€17,601 | -6.7% |
| Fixed assets | 21/28 | €235,864 | €220,968 | -€14,896 | -6.3% |
| Tangible fixed assets | 22/27 | €232,345 | €217,449 | -€14,896 | -6.4% |
| Land and buildings | 22 | €230,950 | €216,747 | -€14,203 | -6.1% |
| Furniture and vehicles | 24 | €1,395 | €702 | -€693 | -49.7% |
| Financial fixed assets | 28 | €3,519 | €3,519 | = | 0.0% |
| Current assets | 29/58 | €26,483 | €23,777 | -€2,706 | -10.2% |
| Stocks and contracts in progress | 3 | €17,030 | €17,462 | +€432 | +2.5% |
| Stocks | 30/36 | €17,030 | €17,462 | +€432 | +2.5% |
| Amounts receivable within one year | 40/41 | €275 | €868 | +€593 | +215% |
| Other amounts receivable | 41 | €275 | €868 | +€593 | +215% |
| Cash at bank and in hand | 54/58 | €8,361 | €4,718 | -€3,643 | -43.6% |
| Deferred charges and accrued income | 490/1 | €817 | €729 | -€88 | -10.8% |
| Total equity and liabilities | 10/49 | €262,347 | €244,745 | -€17,601 | -6.7% |
| Equity | 10/15 | €40,962 | €35,775 | -€5,187 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,762 | €29,575 | -€5,187 | -14.9% |
| Amounts payable | 17/49 | €221,385 | €208,971 | -€12,414 | -5.6% |
| Amounts payable after more than one year | 17 | €169,262 | €155,785 | -€13,477 | -8.0% |
| Financial debts | 170/4 | €169,262 | €155,785 | -€13,477 | -8.0% |
| Amounts payable within one year | 42/48 | €52,123 | €53,185 | +€1,063 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €13,155 | €13,477 | +€322 | +2.4% |
| Financial debts | 43 | - | €312 | +€312 | |
| Credit institutions | 430/8 | - | €312 | +€312 | |
| Trade debts | 44 | €11,984 | €5,586 | -€6,397 | -53.4% |
| Suppliers | 440/4 | €11,984 | €5,586 | -€6,397 | -53.4% |
| Taxes, remuneration and social security | 45 | €4,282 | €2,460 | -€1,822 | -42.6% |
| Taxes | 450/3 | €4,282 | €2,460 | -€1,822 | -42.6% |
| Other amounts payable | 47/48 | €22,702 | €31,350 | +€8,648 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,813 | €14,896 | -€917 | -5.8% |
| Other operating charges | 640/8 | €4,889 | €3,812 | -€1,076 | -22.0% |
| Gross operating margin | 9900 | €1,701 | €19,392 | +€17,690 | +1,040% |
| Operating profit (loss) | 9901 | -€19,001 | €683 | +€19,684 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +8,640% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +8,640% |
| Financial charges | 65/66B | €6,906 | €5,743 | -€1,163 | -16.8% |
| Recurring financial charges | 65 | €6,906 | €5,743 | -€1,163 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,907 | -€5,055 | +€20,852 | +80.5% |
| Income taxes | 67/77 | -€2,185 | €132 | +€2,317 | |
| Profit (loss) for the period | 9904 | -€23,722 | -€5,187 | +€18,535 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,722 | -€5,187 | +€18,535 | +78.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.