NEW ART CADRE: what changed
NEW ART CADRE
Largest movements
- Receivables within one year -€5,884
no longer reported in 2025 (was €5,884)
of which Other amounts receivable: -€4,484
- Stocks and contracts +€2,456
up €2,456 (+11.9%), from €20,710 to €23,166
- Cash -€1,192
down €1,192 (-26.2%), from €4,553 to €3,361
mainly Stocks and contracts (-€2,456) and Trade debts (-€2,379)
- Trade debts -€2,379
down €2,379 (-62.8%), from €3,786 to €1,407
- Profit (loss) carried forward -€1,525
down €1,525 (-32.7%), from €4,662 to €3,137
- Tax, wage and social debts -€1,401
down €1,401 (-37.4%), from €3,751 to €2,350
- Other debts +€685
new in 2025: €685
- Gross operating margin -€5,206
down €5,206, from €3,720 to -€1,486
- Financial charges -€1,120
down €1,120 (-92.9%), from €1,206 to €86
- Financial income +€288
new in 2025: €288
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 | €32,650 | €28,030 | -€4,620 | -14.2% |
| Fixed assets | 21/28 | €1,503 | €1,503 | = | 0.0% |
| Financial fixed assets | 28 | €1,503 | €1,503 | = | 0.0% |
| Current assets | 29/58 | €31,147 | €26,527 | -€4,620 | -14.8% |
| Stocks and contracts in progress | 3 | €20,710 | €23,166 | +€2,456 | +11.9% |
| Stocks | 30/36 | €20,710 | €23,166 | +€2,456 | +11.9% |
| Amounts receivable within one year | 40/41 | €5,884 | - | -€5,884 | |
| Trade receivables | 40 | €1,400 | - | -€1,400 | |
| Other amounts receivable | 41 | €4,484 | - | -€4,484 | |
| Cash at bank and in hand | 54/58 | €4,553 | €3,361 | -€1,192 | -26.2% |
| Total equity and liabilities | 10/49 | €32,650 | €28,030 | -€4,620 | -14.2% |
| Equity | 10/15 | €25,113 | €23,588 | -€1,525 | -6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,662 | €3,137 | -€1,525 | -32.7% |
| Amounts payable | 17/49 | €7,537 | €4,442 | -€3,095 | -41.1% |
| Amounts payable within one year | 42/48 | €7,537 | €4,442 | -€3,095 | -41.1% |
| Trade debts | 44 | €3,786 | €1,407 | -€2,379 | -62.8% |
| Suppliers | 440/4 | €3,786 | €1,407 | -€2,379 | -62.8% |
| Taxes, remuneration and social security | 45 | €3,751 | €2,350 | -€1,401 | -37.4% |
| Taxes | 450/3 | €3,751 | €2,350 | -€1,401 | -37.4% |
| Other amounts payable | 47/48 | - | €685 | +€685 | |
| Other operating charges | 640/8 | €236 | €241 | +€5 | +2.1% |
| Gross operating margin | 9900 | €3,720 | -€1,486 | -€5,206 | |
| Operating profit (loss) | 9901 | €3,484 | -€1,727 | -€5,211 | |
| Financial income | 75/76B | - | €288 | +€288 | |
| Recurring financial income | 75 | - | €288 | +€288 | |
| Financial charges | 65/66B | €1,206 | €86 | -€1,120 | -92.9% |
| Recurring financial charges | 65 | €1,206 | €86 | -€1,120 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €2,278 | -€1,525 | -€3,803 | |
| Profit (loss) for the period | 9904 | €2,278 | -€1,525 | -€3,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,278 | -€1,525 | -€3,803 |
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.