SHARING 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.
SHARING ART
Largest movements
- Cash -€422,492
down €422,492 (-63.7%), from €663,353 to €240,861
mainly Trade debts (-€678,855) and Tax, wage and social debts (-€54,159)
- Receivables within one year -€404,040
down €404,040 (-48.8%), from €828,411 to €424,371
of which Trade receivables: -€377,836
- Financial fixed assets -€33,420
down €33,420 (-56.3%), from €59,320 to €25,900
- Stocks and contracts +€33,140
up €33,140 (+9.2%), from €360,407 to €393,547
- Tangible fixed assets +€27,631
up €27,631 (+7.6%), from €365,372 to €393,003
of which Furniture and vehicles: +€22,328
- Trade debts -€678,855
down €678,855 (-61.9%), from €1.1m to €417,564
- Tax, wage and social debts -€54,159
down €54,159 (-51.9%), from €104,365 to €50,206
of which Taxes: -€39,311
- Short-term financial debts -€33,497
down €33,497 (-53.4%), from €62,736 to €29,239
of which Other loans: -€62,736
- Debts after one year -€27,501
down €27,501 (-3.2%), from €853,422 to €825,921
of which Financial debts: -€37,501
- Gross operating margin +€118,485
up €118,485 (+22.9%), from €516,492 to €634,977
- Write-downs +€33,538
up €33,538, from -€18,400 to €15,138
- Staff costs -€28,383
down €28,383 (-5.8%), from €492,368 to €463,986
- Taxes -€13,614
down €13,614, from €12,749 to -€864
- Depreciation +€9,046
up €9,046 (+36.7%), from €24,624 to €33,670
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 | €2,339,578 | €1,535,439 | -€804,139 | -34.4% |
| Fixed assets | 21/28 | €424,692 | €418,903 | -€5,789 | -1.4% |
| Tangible fixed assets | 22/27 | €365,372 | €393,003 | +€27,631 | +7.6% |
| Land and buildings | 22 | €294,400 | €284,281 | -€10,119 | -3.4% |
| Plant, machinery and equipment | 23 | €15,796 | €9,906 | -€5,890 | -37.3% |
| Furniture and vehicles | 24 | €32,694 | €55,022 | +€22,328 | +68.3% |
| Other tangible fixed assets | 26 | €22,483 | €43,794 | +€21,311 | +94.8% |
| Financial fixed assets | 28 | €59,320 | €25,900 | -€33,420 | -56.3% |
| Current assets | 29/58 | €1,914,886 | €1,116,537 | -€798,349 | -41.7% |
| Stocks and contracts in progress | 3 | €360,407 | €393,547 | +€33,140 | +9.2% |
| Stocks | 30/36 | €360,407 | €393,547 | +€33,140 | +9.2% |
| Amounts receivable within one year | 40/41 | €828,411 | €424,371 | -€404,040 | -48.8% |
| Trade receivables | 40 | €713,307 | €335,472 | -€377,836 | -53.0% |
| Other amounts receivable | 41 | €115,104 | €88,899 | -€26,204 | -22.8% |
| Cash at bank and in hand | 54/58 | €663,353 | €240,861 | -€422,492 | -63.7% |
| Deferred charges and accrued income | 490/1 | €62,716 | €57,758 | -€4,958 | -7.9% |
| Total equity and liabilities | 10/49 | €2,339,578 | €1,535,439 | -€804,139 | -34.4% |
| Equity | 10/15 | €165,516 | €144,034 | -€21,482 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169,225 | €169,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €167,365 | €167,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,909 | -€31,391 | -€21,482 | -217% |
| Amounts payable | 17/49 | €2,174,062 | €1,391,405 | -€782,657 | -36.0% |
| Amounts payable after more than one year | 17 | €853,422 | €825,921 | -€27,501 | -3.2% |
| Financial debts | 170/4 | €251,338 | €213,837 | -€37,501 | -14.9% |
| Other amounts payable | 178/9 | €602,083 | €612,083 | +€10,000 | +1.7% |
| Amounts payable within one year | 42/48 | €1,301,343 | €537,946 | -€763,397 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €36,523 | €37,501 | +€978 | +2.7% |
| Financial debts | 43 | €62,736 | €29,239 | -€33,497 | -53.4% |
| Credit institutions | 430/8 | - | €29,239 | +€29,239 | |
| Other loans | 439 | €62,736 | €0 | -€62,736 | -100% |
| Trade debts | 44 | €1,096,419 | €417,564 | -€678,855 | -61.9% |
| Suppliers | 440/4 | €1,096,419 | €417,564 | -€678,855 | -61.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €104,365 | €50,206 | -€54,159 | -51.9% |
| Taxes | 450/3 | €39,311 | €0 | -€39,311 | -100% |
| Remuneration and social security | 454/9 | €65,054 | €50,206 | -€14,848 | -22.8% |
| Other amounts payable | 47/48 | €1,299 | €3,436 | +€2,136 | +164% |
| Accrued charges and deferred income | 492/3 | €19,297 | €27,539 | +€8,241 | +42.7% |
| Remuneration, social security and pensions | 62 | €492,368 | €463,986 | -€28,383 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,624 | €33,670 | +€9,046 | +36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,400 | €15,138 | +€33,538 | |
| Other operating charges | 640/8 | €8,208 | €15,342 | +€7,134 | +86.9% |
| Non-recurring operating charges | 66A | - | €111,542 | +€111,542 | |
| Gross operating margin | 9900 | €516,492 | €634,977 | +€118,485 | +22.9% |
| Operating profit (loss) | 9901 | €9,692 | -€4,700 | -€14,392 | |
| Financial income | 75/76B | €6,505 | €2,357 | -€4,148 | -63.8% |
| Recurring financial income | 75 | €6,505 | €2,357 | -€4,148 | -63.8% |
| Financial charges | 65/66B | €13,356 | €20,003 | +€6,647 | +49.8% |
| Recurring financial charges | 65 | €13,356 | €20,003 | +€6,647 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €2,840 | -€22,346 | -€25,186 | |
| Income taxes | 67/77 | €12,749 | -€864 | -€13,614 | |
| Profit (loss) for the period | 9904 | -€9,909 | -€21,482 | -€11,573 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,909 | -€21,482 | -€11,573 | -117% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.