LART: 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.
LART
Largest movements
- Tangible fixed assets -€7,904
down €7,904 (-22.5%), from €35,115 to €27,212
- Cash -€2,120
down €2,120 (-8.4%), from €25,219 to €23,099
mainly Other debts (-€22,100) and Tax, wage and social debts (-€3,174)
- Receivables within one year +€1,995
up €1,995 (+52.5%), from €3,801 to €5,797
of which Other amounts receivable: +€2,295
- Other debts -€22,100
down €22,100 (-24.9%), from €88,695 to €66,595
- Profit (loss) carried forward +€17,379
up €17,379 (+26.2%), from -€66,320 to -€48,941
- Tax, wage and social debts -€3,174
down €3,174 (-32.6%), from €9,729 to €6,555
of which Taxes: -€1,762
- Gross operating margin +€100,689
up €100,689 (+700%), from €14,377 to €115,067
- Staff costs +€10,691
up €10,691 (+14.6%), from €73,216 to €83,906
- Depreciation +€3,122
up €3,122 (+61.1%), from €5,111 to €8,233
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 | €68,172 | €60,248 | -€7,924 | -11.6% |
| Fixed assets | 21/28 | €35,115 | €27,212 | -€7,904 | -22.5% |
| Tangible fixed assets | 22/27 | €35,115 | €27,212 | -€7,904 | -22.5% |
| Furniture and vehicles | 24 | €35,115 | €27,212 | -€7,904 | -22.5% |
| Current assets | 29/58 | €33,057 | €33,036 | -€21 | -0.1% |
| Stocks and contracts in progress | 3 | €2,029 | €1,787 | -€242 | -11.9% |
| Stocks | 30/36 | €2,029 | €1,787 | -€242 | -11.9% |
| Amounts receivable within one year | 40/41 | €3,801 | €5,797 | +€1,995 | +52.5% |
| Trade receivables | 40 | €300 | - | -€300 | |
| Other amounts receivable | 41 | €3,501 | €5,797 | +€2,295 | +65.6% |
| Cash at bank and in hand | 54/58 | €25,219 | €23,099 | -€2,120 | -8.4% |
| Deferred charges and accrued income | 490/1 | €2,008 | €2,354 | +€346 | +17.2% |
| Total equity and liabilities | 10/49 | €68,172 | €60,248 | -€7,924 | -11.6% |
| Equity | 10/15 | -€39,737 | -€22,358 | +€17,379 | +43.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,383 | €20,383 | = | 0.0% |
| Distributable reserves | 133 | €20,383 | €20,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,320 | -€48,941 | +€17,379 | +26.2% |
| Amounts payable | 17/49 | €107,909 | €82,605 | -€25,304 | -23.4% |
| Amounts payable within one year | 42/48 | €107,909 | €82,605 | -€25,304 | -23.4% |
| Trade debts | 44 | €9,486 | €9,456 | -€30 | -0.3% |
| Suppliers | 440/4 | €9,486 | €9,456 | -€30 | -0.3% |
| Taxes, remuneration and social security | 45 | €9,729 | €6,555 | -€3,174 | -32.6% |
| Taxes | 450/3 | €2,022 | €260 | -€1,762 | -87.1% |
| Remuneration and social security | 454/9 | €7,707 | €6,295 | -€1,412 | -18.3% |
| Other amounts payable | 47/48 | €88,695 | €66,595 | -€22,100 | -24.9% |
| Remuneration, social security and pensions | 62 | €73,216 | €83,906 | +€10,691 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,111 | €8,233 | +€3,122 | +61.1% |
| Other operating charges | 640/8 | €1,798 | €2,775 | +€977 | +54.3% |
| Gross operating margin | 9900 | €14,377 | €115,067 | +€100,689 | +700% |
| Operating profit (loss) | 9901 | -€65,747 | €20,152 | +€85,900 | |
| Financial income | 75/76B | €87 | €1 | -€85 | -98.4% |
| Recurring financial income | 75 | €87 | €1 | -€85 | -98.4% |
| Financial charges | 65/66B | €1,427 | €1,516 | +€90 | +6.3% |
| Recurring financial charges | 65 | €1,427 | €1,516 | +€90 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€67,087 | €18,637 | +€85,725 | |
| Income taxes | 67/77 | €1,311 | €1,258 | -€53 | -4.0% |
| Profit (loss) for the period | 9904 | -€68,398 | €17,379 | +€85,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,398 | €17,379 | +€85,778 |
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 18 October 2026 via checked.be.