STUDIO ARTE: 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 ARTE
Largest movements
- Cash +€123,652
up €123,652 (+54.9%), from €225,172 to €348,824
mainly Net result for the year (+€66,201) and Investment in fixed assets (net) (+€36,674)
- Tangible fixed assets -€58,130
down €58,130 (-59.1%), from €98,425 to €40,295
of which Furniture and vehicles: -€61,207
- Receivables within one year +€30,239
up €30,239 (+64.6%), from €46,779 to €77,018
of which Trade receivables: +€37,099
- Deferred charges and accrued income +€12,101
new in 2025: €12,101
- Reserves +€66,201
up €66,201 (+20.0%), from €330,658 to €396,858
- Accrued charges and deferred income +€26,413
new in 2025: €26,413
- Trade debts +€14,666
new in 2025: €14,666
- Tax, wage and social debts +€10,808
up €10,808 (+244%), from €4,421 to €15,229
- Debts after one year -€8,345
down €8,345 (-70.2%), from €11,890 to €3,545
- Gross operating margin -€8,346
down €8,346 (-6.6%), from €126,796 to €118,450
- Taxes -€2,320
down €2,320 (-8.3%), from €27,905 to €25,585
- Depreciation +€1,872
up €1,872 (+9.6%), from €19,583 to €21,455
- Financial income +€1,340
up €1,340 (+837%), from €160 to €1,500
of which Non-recurring financial income: +€1,500
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 | €370,376 | €478,238 | +€107,862 | +29.1% |
| Fixed assets | 21/28 | €98,425 | €40,295 | -€58,130 | -59.1% |
| Tangible fixed assets | 22/27 | €98,425 | €40,295 | -€58,130 | -59.1% |
| Plant, machinery and equipment | 23 | €22,888 | €25,965 | +€3,077 | +13.4% |
| Furniture and vehicles | 24 | €75,537 | €14,331 | -€61,207 | -81.0% |
| Current assets | 29/58 | €271,951 | €437,943 | +€165,992 | +61.0% |
| Amounts receivable within one year | 40/41 | €46,779 | €77,018 | +€30,239 | +64.6% |
| Trade receivables | 40 | €37,853 | €74,952 | +€37,099 | +98.0% |
| Other amounts receivable | 41 | €8,925 | €2,066 | -€6,859 | -76.9% |
| Cash at bank and in hand | 54/58 | €225,172 | €348,824 | +€123,652 | +54.9% |
| Deferred charges and accrued income | 490/1 | - | €12,101 | +€12,101 | |
| Total equity and liabilities | 10/49 | €370,376 | €478,238 | +€107,862 | +29.1% |
| Equity | 10/15 | €336,858 | €403,058 | +€66,201 | +19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €330,658 | €396,858 | +€66,201 | +20.0% |
| Distributable reserves | 133 | €330,658 | €396,858 | +€66,201 | +20.0% |
| Amounts payable | 17/49 | €33,518 | €75,180 | +€41,662 | +124% |
| Amounts payable after more than one year | 17 | €11,890 | €3,545 | -€8,345 | -70.2% |
| Financial debts | 170/4 | €11,890 | €3,545 | -€8,345 | -70.2% |
| Amounts payable within one year | 42/48 | €21,628 | €45,222 | +€23,594 | +109% |
| Current portion of amounts payable after more than one year | 42 | €8,122 | €8,346 | +€224 | +2.8% |
| Financial debts | 43 | - | €8 | +€8 | |
| Credit institutions | 430/8 | - | €8 | +€8 | |
| Trade debts | 44 | - | €14,666 | +€14,666 | |
| Suppliers | 440/4 | - | €14,666 | +€14,666 | |
| Taxes, remuneration and social security | 45 | €4,421 | €15,229 | +€10,808 | +244% |
| Taxes | 450/3 | €4,421 | €15,229 | +€10,808 | +244% |
| Other amounts payable | 47/48 | €9,085 | €6,973 | -€2,112 | -23.2% |
| Accrued charges and deferred income | 492/3 | - | €26,413 | +€26,413 | |
| Non-recurring operating income | 76A | €946 | €400 | -€546 | -57.7% |
| Remuneration, social security and pensions | 62 | €185 | €0 | -€185 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,583 | €21,455 | +€1,872 | +9.6% |
| Other operating charges | 640/8 | €1,102 | €982 | -€120 | -10.9% |
| Non-recurring operating charges | 66A | - | €4,551 | +€4,551 | |
| Gross operating margin | 9900 | €126,796 | €118,450 | -€8,346 | -6.6% |
| Operating profit (loss) | 9901 | €105,926 | €91,462 | -€14,465 | -13.7% |
| Financial income | 75/76B | €160 | €1,500 | +€1,340 | +837% |
| Recurring financial income | 75 | €160 | €0 | -€160 | -100% |
| Non-recurring financial income | 76B | - | €1,500 | +€1,500 | |
| Financial charges | 65/66B | €1,359 | €1,175 | -€184 | -13.5% |
| Recurring financial charges | 65 | €1,359 | €1,175 | -€184 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €104,727 | €91,786 | -€12,941 | -12.4% |
| Income taxes | 67/77 | €27,905 | €25,585 | -€2,320 | -8.3% |
| Profit (loss) for the period | 9904 | €76,821 | €66,201 | -€10,621 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,821 | €66,201 | -€10,621 | -13.8% |
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 24 October 2026 via checked.be.