Relax Art: 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.
Relax Art
Largest movements
- Tangible fixed assets +€16,764
up €16,764 (+91.3%), from €18,366 to €35,130
of which Plant, machinery and equipment: +€10,936
- Stocks and contracts -€14,823
down €14,823 (-71.7%), from €20,688 to €5,865
- Receivables within one year -€7,004
down €7,004 (-70.5%), from €9,938 to €2,934
of which Trade receivables: -€4,855
- Cash +€4,291
up €4,291 (+82.6%), from €5,192 to €9,483
mainly Stocks and contracts (+€14,823) and Other debts (+€10,841)
- Other debts +€10,841
new in 2025: €10,841
- Tax, wage and social debts +€9,203
up €9,203 (+48.9%), from €18,823 to €28,026
of which Taxes: +€13,936
- Trade debts -€8,422
down €8,422 (-25.8%), from €32,675 to €24,253
- Accrued charges and deferred income -€6,985
down €6,985 (-31.4%), from €22,220 to €15,235
- Profit (loss) carried forward -€5,660
down €5,660 (-23.3%), from -€24,283 to -€29,943
- Staff costs -€19,392
down €19,392 (-45.3%), from €42,810 to €23,419
- Gross operating margin -€2,560
down €2,560 (-9.6%), from €26,778 to €24,218
- Other operating charges -€1,839
down €1,839 (-86.8%), from €2,118 to €279
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 | €54,435 | €53,412 | -€1,022 | -1.9% |
| Fixed assets | 21/28 | €18,366 | €35,130 | +€16,764 | +91.3% |
| Tangible fixed assets | 22/27 | €18,366 | €35,130 | +€16,764 | +91.3% |
| Plant, machinery and equipment | 23 | €6,918 | €17,855 | +€10,936 | +158% |
| Furniture and vehicles | 24 | €11,448 | €17,276 | +€5,828 | +50.9% |
| Current assets | 29/58 | €36,069 | €18,282 | -€17,787 | -49.3% |
| Stocks and contracts in progress | 3 | €20,688 | €5,865 | -€14,823 | -71.7% |
| Stocks | 30/36 | €20,688 | €5,865 | -€14,823 | -71.7% |
| Amounts receivable within one year | 40/41 | €9,938 | €2,934 | -€7,004 | -70.5% |
| Trade receivables | 40 | €4,855 | - | -€4,855 | |
| Other amounts receivable | 41 | €5,083 | €2,934 | -€2,150 | -42.3% |
| Cash at bank and in hand | 54/58 | €5,192 | €9,483 | +€4,291 | +82.6% |
| Deferred charges and accrued income | 490/1 | €250 | - | -€250 | |
| Total equity and liabilities | 10/49 | €54,435 | €53,412 | -€1,022 | -1.9% |
| Equity | 10/15 | -€19,283 | -€24,943 | -€5,660 | -29.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,283 | -€29,943 | -€5,660 | -23.3% |
| Amounts payable | 17/49 | €73,718 | €78,356 | +€4,638 | +6.3% |
| Amounts payable within one year | 42/48 | €51,498 | €63,120 | +€11,622 | +22.6% |
| Trade debts | 44 | €32,675 | €24,253 | -€8,422 | -25.8% |
| Suppliers | 440/4 | €32,675 | €24,253 | -€8,422 | -25.8% |
| Taxes, remuneration and social security | 45 | €18,823 | €28,026 | +€9,203 | +48.9% |
| Taxes | 450/3 | €14,090 | €28,026 | +€13,936 | +98.9% |
| Remuneration and social security | 454/9 | €4,733 | - | -€4,733 | |
| Other amounts payable | 47/48 | - | €10,841 | +€10,841 | |
| Accrued charges and deferred income | 492/3 | €22,220 | €15,235 | -€6,985 | -31.4% |
| Remuneration, social security and pensions | 62 | €42,810 | €23,419 | -€19,392 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,124 | €5,329 | +€205 | +4.0% |
| Other operating charges | 640/8 | €2,118 | €279 | -€1,839 | -86.8% |
| Gross operating margin | 9900 | €26,778 | €24,218 | -€2,560 | -9.6% |
| Operating profit (loss) | 9901 | -€23,275 | -€4,810 | +€18,465 | +79.3% |
| Financial income | 75/76B | €5 | €6 | +€1 | +14.4% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +14.4% |
| Financial charges | 65/66B | €1,013 | €856 | -€157 | -15.5% |
| Recurring financial charges | 65 | €1,013 | €856 | -€157 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,283 | -€5,660 | +€18,623 | +76.7% |
| Profit (loss) for the period | 9904 | -€24,283 | -€5,660 | +€18,623 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,283 | -€5,660 | +€18,623 | +76.7% |
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 1 November 2026 via checked.be.