OLFACTORY ART STUDIO: 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.
OLFACTORY ART STUDIO
Largest movements
- Cash -€64,460
down €64,460 (-84.4%), from €76,409 to €11,949
mainly Net result for the year (-€21,240) and Tax, wage and social debts (-€18,460)
- Receivables within one year +€12,587
up €12,587 (+134%), from €9,416 to €22,003
of which Other amounts receivable: +€19,739
- Stocks and contracts +€12,328
new in 2025: €12,328
- Tangible fixed assets -€1,232
down €1,232 (-26.0%), from €4,740 to €3,508
of which Plant, machinery and equipment: -€1,748
- Profit (loss) carried forward -€21,240
down €21,240 (-28.8%), from €73,695 to €52,455
- Tax, wage and social debts -€18,460
down €18,460 (-93.8%), from €19,685 to €1,225
- Trade debts -€2,287
down €2,287 (-80.9%), from €2,825 to €539
- Advances received +€1,210
new in 2025: €1,210
- Gross operating margin -€112,092
down €112,092, from €95,473 to -€16,620
- Taxes -€19,544
down €19,544 (-99.3%), from €19,685 to €140
- Depreciation +€1,314
up €1,314 (+262%), from €502 to €1,816
- Other operating charges +€1,060
up €1,060 (+66.5%), from €1,595 to €2,655
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 | €99,205 | €58,429 | -€40,776 | -41.1% |
| Fixed assets | 21/28 | €11,000 | €9,768 | -€1,232 | -11.2% |
| Tangible fixed assets | 22/27 | €4,740 | €3,508 | -€1,232 | -26.0% |
| Plant, machinery and equipment | 23 | €4,740 | €2,993 | -€1,748 | -36.9% |
| Furniture and vehicles | 24 | - | €515 | +€515 | |
| Financial fixed assets | 28 | €6,260 | €6,260 | = | 0.0% |
| Current assets | 29/58 | €88,205 | €48,661 | -€39,544 | -44.8% |
| Stocks and contracts in progress | 3 | - | €12,328 | +€12,328 | |
| Stocks | 30/36 | - | €12,328 | +€12,328 | |
| Amounts receivable within one year | 40/41 | €9,416 | €22,003 | +€12,587 | +134% |
| Trade receivables | 40 | €8,000 | €848 | -€7,152 | -89.4% |
| Other amounts receivable | 41 | €1,416 | €21,155 | +€19,739 | +1,394% |
| Cash at bank and in hand | 54/58 | €76,409 | €11,949 | -€64,460 | -84.4% |
| Deferred charges and accrued income | 490/1 | €2,380 | €2,380 | = | 0.0% |
| Total equity and liabilities | 10/49 | €99,205 | €58,429 | -€40,776 | -41.1% |
| Equity | 10/15 | €76,695 | €55,455 | -€21,240 | -27.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,695 | €52,455 | -€21,240 | -28.8% |
| Amounts payable | 17/49 | €22,510 | €2,973 | -€19,537 | -86.8% |
| Amounts payable within one year | 42/48 | €22,510 | €2,973 | -€19,537 | -86.8% |
| Trade debts | 44 | €2,825 | €539 | -€2,287 | -80.9% |
| Suppliers | 440/4 | €2,825 | €539 | -€2,287 | -80.9% |
| Advances received on contracts in progress | 46 | - | €1,210 | +€1,210 | |
| Taxes, remuneration and social security | 45 | €19,685 | €1,225 | -€18,460 | -93.8% |
| Taxes | 450/3 | €19,685 | €1,225 | -€18,460 | -93.8% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €1,816 | +€1,314 | +262% |
| Other operating charges | 640/8 | €1,595 | €2,655 | +€1,060 | +66.5% |
| Non-recurring operating charges | 66A | €6 | €27 | +€21 | +342% |
| Gross operating margin | 9900 | €95,473 | -€16,620 | -€112,092 | |
| Operating profit (loss) | 9901 | €93,369 | -€21,118 | -€114,487 | |
| Financial income | 75/76B | €10 | €194 | +€184 | +1,766% |
| Recurring financial income | 75 | €10 | €194 | +€184 | +1,766% |
| Financial charges | 65/66B | - | €175 | +€175 | |
| Recurring financial charges | 65 | - | €175 | +€175 | |
| Profit (loss) for the period before taxes | 9903 | €93,380 | -€21,099 | -€114,479 | |
| Income taxes | 67/77 | €19,685 | €140 | -€19,544 | -99.3% |
| Profit (loss) for the period | 9904 | €73,695 | -€21,240 | -€94,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,695 | -€21,240 | -€94,935 |
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 17 October 2026 via checked.be.