Studio Art-M: 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.
Studio Art-M
Largest movements
- Tangible fixed assets -€12,943
down €12,943 (-55.8%), from €23,192 to €10,249
of which Furniture and vehicles: -€13,065
- Receivables within one year -€7,631
no longer reported in 2025 (was €7,631)
of which Trade receivables: -€5,665
- Stocks and contracts +€945
up €945 (+26.8%), from €3,525 to €4,471
- Cash +€651
up €651 (+39.5%), from €1,646 to €2,296
mainly Investment in fixed assets (net) (+€8,716) and Receivables within one year (+€7,631)
- Profit (loss) carried forward -€15,177
down €15,177, from €986 to -€14,192
- Other debts -€3,709
down €3,709 (-22.0%), from €16,824 to €13,115
- Advances received -€1,489
down €1,489 (-83.2%), from €1,789 to €300
- Tax, wage and social debts +€1,423
new in 2025: €1,423
- Gross operating margin -€14,228
down €14,228, from €6,466 to -€7,762
- Financial charges +€1,383
up €1,383 (+4,164%), from €33 to €1,416
- Other operating charges +€515
up €515 (+51.9%), from €993 to €1,508
- Taxes +€264
new in 2025: €264
- Depreciation -€226
down €226 (-5.1%), from €4,454 to €4,227
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 | €35,994 | €17,017 | -€18,978 | -52.7% |
| Fixed assets | 21/28 | €23,192 | €10,249 | -€12,943 | -55.8% |
| Tangible fixed assets | 22/27 | €23,192 | €10,249 | -€12,943 | -55.8% |
| Land and buildings | 22 | €4,731 | €3,631 | -€1,100 | -23.3% |
| Plant, machinery and equipment | 23 | €4,473 | €5,695 | +€1,222 | +27.3% |
| Furniture and vehicles | 24 | €13,989 | €924 | -€13,065 | -93.4% |
| Current assets | 29/58 | €12,802 | €6,767 | -€6,035 | -47.1% |
| Stocks and contracts in progress | 3 | €3,525 | €4,471 | +€945 | +26.8% |
| Stocks | 30/36 | €3,525 | €4,471 | +€945 | +26.8% |
| Amounts receivable within one year | 40/41 | €7,631 | - | -€7,631 | |
| Trade receivables | 40 | €5,665 | - | -€5,665 | |
| Other amounts receivable | 41 | €1,966 | - | -€1,966 | |
| Cash at bank and in hand | 54/58 | €1,646 | €2,296 | +€651 | +39.5% |
| Total equity and liabilities | 10/49 | €35,994 | €17,017 | -€18,978 | -52.7% |
| Equity | 10/15 | €5,986 | -€9,192 | -€15,177 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €986 | -€14,192 | -€15,177 | |
| Amounts payable | 17/49 | €30,009 | €26,208 | -€3,800 | -12.7% |
| Amounts payable within one year | 42/48 | €30,009 | €26,208 | -€3,800 | -12.7% |
| Trade debts | 44 | €11,396 | €11,370 | -€26 | -0.2% |
| Suppliers | 440/4 | €11,396 | €11,370 | -€26 | -0.2% |
| Advances received on contracts in progress | 46 | €1,789 | €300 | -€1,489 | -83.2% |
| Taxes, remuneration and social security | 45 | - | €1,423 | +€1,423 | |
| Taxes | 450/3 | - | €1,423 | +€1,423 | |
| Other amounts payable | 47/48 | €16,824 | €13,115 | -€3,709 | -22.0% |
| Non-recurring operating income | 76A | - | €4,380 | +€4,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,454 | €4,227 | -€226 | -5.1% |
| Other operating charges | 640/8 | €993 | €1,508 | +€515 | +51.9% |
| Gross operating margin | 9900 | €6,466 | -€7,762 | -€14,228 | |
| Operating profit (loss) | 9901 | €1,019 | -€13,498 | -€14,517 | |
| Financial charges | 65/66B | €33 | €1,416 | +€1,383 | +4,164% |
| Recurring financial charges | 65 | €33 | €1,416 | +€1,383 | +4,164% |
| Profit (loss) for the period before taxes | 9903 | €986 | -€14,914 | -€15,900 | |
| Income taxes | 67/77 | - | €264 | +€264 | |
| Profit (loss) for the period | 9904 | €986 | -€15,177 | -€16,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €986 | -€15,177 | -€16,163 |
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 22 October 2026 via checked.be.