LES ARTS DE ...: 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.
LES ARTS DE ...
Largest movements
- Stocks and contracts +€8,354
up €8,354 (+811%), from €1,030 to €9,384
- Receivables within one year +€6,729
up €6,729 (+54.8%), from €12,275 to €19,004
of which Trade receivables: +€5,384
- Tangible fixed assets -€5,932
down €5,932 (-35.8%), from €16,580 to €10,648
of which Furniture and vehicles: -€4,502
- Cash -€2,190
down €2,190 (-41.2%), from €5,311 to €3,121
mainly Stocks and contracts (-€8,354) and Receivables within one year (-€6,729)
- Trade debts +€6,615
up €6,615 (+154%), from €4,305 to €10,920
- Debts after one year -€3,976
down €3,976 (-61.1%), from €6,506 to €2,530
- Advances received +€2,441
new in 2025: €2,441
- Profit (loss) carried forward +€912
up €912 (+7.2%), from -€12,661 to -€11,749
- Tax, wage and social debts +€521
up €521 (+11.9%), from €4,371 to €4,892
of which Taxes: +€901
- Gross operating margin -€10,185
down €10,185 (-33.9%), from €30,065 to €19,880
- Staff costs -€5,381
down €5,381 (-40.9%), from €13,169 to €7,788
- Other operating charges +€4,570
up €4,570 (+767%), from €596 to €5,166
- Taxes -€3,282
no longer reported in 2025 (was €3,282)
- Depreciation -€2,950
down €2,950 (-33.2%), from €8,882 to €5,932
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 | €35,196 | €42,157 | +€6,961 | +19.8% |
| Fixed assets | 21/28 | €16,580 | €10,648 | -€5,932 | -35.8% |
| Tangible fixed assets | 22/27 | €16,580 | €10,648 | -€5,932 | -35.8% |
| Plant, machinery and equipment | 23 | €2,292 | €1,661 | -€631 | -27.5% |
| Furniture and vehicles | 24 | €12,388 | €7,886 | -€4,502 | -36.3% |
| Other tangible fixed assets | 26 | €1,900 | €1,101 | -€799 | -42.1% |
| Current assets | 29/58 | €18,616 | €31,509 | +€12,893 | +69.3% |
| Stocks and contracts in progress | 3 | €1,030 | €9,384 | +€8,354 | +811% |
| Stocks | 30/36 | €1,030 | €9,384 | +€8,354 | +811% |
| Amounts receivable within one year | 40/41 | €12,275 | €19,004 | +€6,729 | +54.8% |
| Trade receivables | 40 | €1,620 | €7,004 | +€5,384 | +332% |
| Other amounts receivable | 41 | €10,655 | €12,000 | +€1,345 | +12.6% |
| Cash at bank and in hand | 54/58 | €5,311 | €3,121 | -€2,190 | -41.2% |
| Total equity and liabilities | 10/49 | €35,196 | €42,157 | +€6,961 | +19.8% |
| Equity | 10/15 | €16,486 | €17,398 | +€912 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,547 | €10,547 | = | 0.0% |
| Distributable reserves | 133 | €10,547 | €10,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,661 | -€11,749 | +€912 | +7.2% |
| Amounts payable | 17/49 | €18,710 | €24,759 | +€6,049 | +32.3% |
| Amounts payable after more than one year | 17 | €6,506 | €2,530 | -€3,976 | -61.1% |
| Financial debts | 170/4 | €6,506 | €2,530 | -€3,976 | -61.1% |
| Amounts payable within one year | 42/48 | €12,204 | €22,229 | +€10,025 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €3,528 | €3,976 | +€448 | +12.7% |
| Trade debts | 44 | €4,305 | €10,920 | +€6,615 | +154% |
| Suppliers | 440/4 | €4,305 | €10,920 | +€6,615 | +154% |
| Advances received on contracts in progress | 46 | - | €2,441 | +€2,441 | |
| Taxes, remuneration and social security | 45 | €4,371 | €4,892 | +€521 | +11.9% |
| Taxes | 450/3 | €39 | €940 | +€901 | +2,310% |
| Remuneration and social security | 454/9 | €4,332 | €3,952 | -€380 | -8.8% |
| Remuneration, social security and pensions | 62 | €13,169 | €7,788 | -€5,381 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,882 | €5,932 | -€2,950 | -33.2% |
| Other operating charges | 640/8 | €596 | €5,166 | +€4,570 | +767% |
| Gross operating margin | 9900 | €30,065 | €19,880 | -€10,185 | -33.9% |
| Operating profit (loss) | 9901 | €7,418 | €994 | -€6,424 | -86.6% |
| Financial income | 75/76B | €390 | €595 | +€205 | +52.6% |
| Recurring financial income | 75 | €390 | €595 | +€205 | +52.6% |
| Financial charges | 65/66B | €747 | €677 | -€70 | -9.4% |
| Recurring financial charges | 65 | €747 | €677 | -€70 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €7,061 | €912 | -€6,149 | -87.1% |
| Income taxes | 67/77 | €3,282 | - | -€3,282 | |
| Profit (loss) for the period | 9904 | €3,779 | €912 | -€2,867 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,779 | €912 | -€2,867 | -75.9% |
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 22 October 2026 via checked.be.