Studio l'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 l'arte
Largest movements
- Receivables within one year -€16,409
down €16,409 (-90.2%), from €18,200 to €1,791
of which Trade receivables: -€16,620
- Tangible fixed assets -€4,018
down €4,018 (-19.2%), from €20,884 to €16,867
of which Other tangible fixed assets: -€2,549
- Cash +€1,256
up €1,256 (+59.7%), from €2,106 to €3,362
mainly Receivables within one year (+€16,409) and Depreciation (+€4,018)
- Trade debts -€17,766
down €17,766 (-98.1%), from €18,106 to €340
- Debts after one year -€5,349
down €5,349 (-74.6%), from €7,167 to €1,818
- Profit (loss) carried forward +€3,957
up €3,957 (+46.8%), from -€8,462 to -€4,505
- Tax, wage and social debts -€550
down €550 (-23.8%), from €2,311 to €1,761
- Gross operating margin +€1,954
up €1,954 (+27.2%), from €7,176 to €9,130
- Other operating charges -€1,087
down €1,087 (-55.4%), from €1,963 to €876
- Depreciation -€826
down €826 (-17.0%), from €4,843 to €4,018
- Financial income +€204
up €204 (+1,228%), from €17 to €220
- Financial charges -€93
down €93 (-15.7%), from €593 to €500
of which Financial charges: -€93
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 | €44,733 | €25,563 | -€19,171 | -42.9% |
| Fixed assets | 21/28 | €24,034 | €20,017 | -€4,018 | -16.7% |
| Tangible fixed assets | 22/27 | €20,884 | €16,867 | -€4,018 | -19.2% |
| Plant, machinery and equipment | 23 | €1,463 | €514 | -€949 | -64.9% |
| Furniture and vehicles | 24 | €925 | €405 | -€520 | -56.2% |
| Other tangible fixed assets | 26 | €18,497 | €15,948 | -€2,549 | -13.8% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €20,699 | €5,546 | -€15,153 | -73.2% |
| Amounts receivable after more than one year | 29 | €250 | €250 | = | 0.0% |
| Other amounts receivable | 291 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,200 | €1,791 | -€16,409 | -90.2% |
| Trade receivables | 40 | €18,200 | €1,580 | -€16,620 | -91.3% |
| Other amounts receivable | 41 | - | €210 | +€210 | |
| Cash at bank and in hand | 54/58 | €2,106 | €3,362 | +€1,256 | +59.7% |
| Deferred charges and accrued income | 490/1 | €143 | €143 | = | 0.0% |
| Total equity and liabilities | 10/49 | €44,733 | €25,563 | -€19,171 | -42.9% |
| Equity | 10/15 | €10,790 | €14,747 | +€3,957 | +36.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,252 | €18,252 | = | 0.0% |
| Distributable reserves | 133 | €18,252 | €18,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,462 | -€4,505 | +€3,957 | +46.8% |
| Amounts payable | 17/49 | €33,943 | €10,816 | -€23,127 | -68.1% |
| Amounts payable after more than one year | 17 | €7,167 | €1,818 | -€5,349 | -74.6% |
| Financial debts | 170/4 | €7,167 | €1,818 | -€5,349 | -74.6% |
| Amounts payable within one year | 42/48 | €26,775 | €8,997 | -€17,778 | -66.4% |
| Current portion of amounts payable after more than one year | 42 | €5,194 | €5,349 | +€155 | +3.0% |
| Trade debts | 44 | €18,106 | €340 | -€17,766 | -98.1% |
| Suppliers | 440/4 | €18,106 | €340 | -€17,766 | -98.1% |
| Taxes, remuneration and social security | 45 | €2,311 | €1,761 | -€550 | -23.8% |
| Taxes | 450/3 | €2,311 | €1,761 | -€550 | -23.8% |
| Other amounts payable | 47/48 | €1,165 | €1,547 | +€382 | +32.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,843 | €4,018 | -€826 | -17.0% |
| Other operating charges | 640/8 | €1,963 | €876 | -€1,087 | -55.4% |
| Gross operating margin | 9900 | €7,176 | €9,130 | +€1,954 | +27.2% |
| Operating profit (loss) | 9901 | €370 | €4,237 | +€3,866 | +1,044% |
| Financial income | 75/76B | €17 | €220 | +€204 | +1,228% |
| Recurring financial income | 75 | €17 | €220 | +€204 | +1,228% |
| Financial charges | 65/66B | €593 | €500 | -€93 | -15.7% |
| Recurring financial charges | 65 | €593 | €500 | -€93 | -15.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€207 | €3,957 | +€4,163 | |
| Income taxes | 67/77 | €28 | €0 | -€28 | -100% |
| Profit (loss) for the period | 9904 | -€234 | €3,957 | +€4,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€234 | €3,957 | +€4,191 |
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 23 October 2026 via checked.be.