STICHTING KUNSTBOEK: what changed
STICHTING KUNSTBOEK
Largest movements
- Stocks and contracts -€190,344
down €190,344 (-100%), from €190,344 to €0
- Receivables within one year -€135,571
down €135,571 (-93.2%), from €145,501 to €9,930
of which Trade receivables: -€136,900
- Cash +€30,935
up €30,935 (+95.9%), from €32,254 to €63,189
mainly Stocks and contracts (+€190,344) and Receivables within one year (+€135,571)
- Trade debts -€175,399
down €175,399 (-95.0%), from €184,638 to €9,239
- Debts after one year -€41,096
down €41,096 (-100%), from €41,096 to €0
- Tax, wage and social debts -€29,835
down €29,835 (-89.7%), from €33,248 to €3,413
of which Remuneration and social security: -€26,363
- Reserves -€20,649
down €20,649 (-49.2%), from €41,969 to €21,320
- Other debts -€18,815
down €18,815 (-80.1%), from €23,478 to €4,663
- Gross operating margin -€94,848
down €94,848 (-56.5%), from €167,913 to €73,066
- Staff costs -€88,994
down €88,994 (-52.2%), from €170,345 to €81,352
- Write-downs +€5,484
new in 2025: €5,484
- Other operating charges +€2,085
up €2,085 (+90.5%), from €2,305 to €4,389
- Financial income +€1,796
up €1,796 (+1,357%), from €132 to €1,928
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 | €371,176 | €74,144 | -€297,031 | -80.0% |
| Fixed assets | 21/28 | €1,250 | €0 | -€1,250 | -100% |
| Tangible fixed assets | 22/27 | €1,250 | €0 | -€1,250 | -100% |
| Furniture and vehicles | 24 | €1,250 | €0 | -€1,250 | -100% |
| Current assets | 29/58 | €369,926 | €74,144 | -€295,781 | -80.0% |
| Stocks and contracts in progress | 3 | €190,344 | €0 | -€190,344 | -100% |
| Stocks | 30/36 | €190,344 | €0 | -€190,344 | -100% |
| Amounts receivable within one year | 40/41 | €145,501 | €9,930 | -€135,571 | -93.2% |
| Trade receivables | 40 | €145,501 | €8,601 | -€136,900 | -94.1% |
| Other amounts receivable | 41 | €0 | €1,329 | +€1,329 | |
| Cash at bank and in hand | 54/58 | €32,254 | €63,189 | +€30,935 | +95.9% |
| Deferred charges and accrued income | 490/1 | €1,827 | €1,025 | -€802 | -43.9% |
| Total equity and liabilities | 10/49 | €371,176 | €74,144 | -€297,031 | -80.0% |
| Equity | 10/15 | €60,569 | €39,920 | -€20,649 | -34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,969 | €21,320 | -€20,649 | -49.2% |
| Distributable reserves | 133 | €41,969 | €21,320 | -€20,649 | -49.2% |
| Amounts payable | 17/49 | €310,607 | €34,224 | -€276,383 | -89.0% |
| Amounts payable after more than one year | 17 | €41,096 | €0 | -€41,096 | -100% |
| Financial debts | 170/4 | €41,096 | €0 | -€41,096 | -100% |
| Amounts payable within one year | 42/48 | €258,088 | €33,412 | -€224,677 | -87.1% |
| Current portion of amounts payable after more than one year | 42 | €16,724 | €16,096 | -€628 | -3.8% |
| Trade debts | 44 | €184,638 | €9,239 | -€175,399 | -95.0% |
| Suppliers | 440/4 | €184,638 | €9,239 | -€175,399 | -95.0% |
| Taxes, remuneration and social security | 45 | €33,248 | €3,413 | -€29,835 | -89.7% |
| Taxes | 450/3 | €6,886 | €3,413 | -€3,472 | -50.4% |
| Remuneration and social security | 454/9 | €26,363 | €0 | -€26,363 | -100% |
| Other amounts payable | 47/48 | €23,478 | €4,663 | -€18,815 | -80.1% |
| Accrued charges and deferred income | 492/3 | €11,422 | €813 | -€10,609 | -92.9% |
| Non-recurring operating income | 76A | - | €252,417 | +€252,417 | |
| Remuneration, social security and pensions | 62 | €170,345 | €81,352 | -€88,994 | -52.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,484 | +€5,484 | |
| Other operating charges | 640/8 | €2,305 | €4,389 | +€2,085 | +90.5% |
| Non-recurring operating charges | 66A | - | €348 | +€348 | |
| Gross operating margin | 9900 | €167,913 | €73,066 | -€94,848 | -56.5% |
| Operating profit (loss) | 9901 | -€4,737 | -€18,506 | -€13,770 | -291% |
| Financial income | 75/76B | €132 | €1,928 | +€1,796 | +1,357% |
| Recurring financial income | 75 | €132 | €1,928 | +€1,796 | +1,357% |
| Financial charges | 65/66B | €4,652 | €3,954 | -€698 | -15.0% |
| Recurring financial charges | 65 | €4,652 | €3,954 | -€698 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,256 | -€20,532 | -€11,276 | -122% |
| Income taxes | 67/77 | €88 | €117 | +€29 | +33.2% |
| Profit (loss) for the period | 9904 | -€9,344 | -€20,649 | -€11,305 | -121% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,344 | -€20,649 | -€11,305 | -121% |
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 6 November 2026 via checked.be.