THE ART PROJECT: 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.
THE ART PROJECT
Largest movements
- Receivables within one year -€9,240
down €9,240 (-97.6%), from €9,467 to €227
of which Trade receivables: -€6,319
- Tangible fixed assets +€5,450
up €5,450 (+601%), from €907 to €6,357
- Deferred charges and accrued income +€1,501
up €1,501, from €0 to €1,501
- Cash +€1,498
up €1,498 (+47,540%), from €3 to €1,501
mainly Receivables within one year (+€9,240) and Depreciation (+€4,200)
- Other debts -€6,448
down €6,448 (-7.5%), from €85,977 to €79,528
- Trade debts +€3,278
up €3,278 (+78.9%), from €4,156 to €7,434
- Profit (loss) carried forward +€2,739
up €2,739 (+3.2%), from -€86,708 to -€83,969
- Tax, wage and social debts -€403
down €403 (-53.4%), from €755 to €352
- Gross operating margin +€14,523
up €14,523, from -€5,184 to €9,339
- Depreciation +€3,728
up €3,728 (+790%), from €472 to €4,200
- Financial charges -€310
down €310 (-17.6%), from €1,764 to €1,455
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 | €10,377 | €9,586 | -€791 | -7.6% |
| Fixed assets | 21/28 | €907 | €6,357 | +€5,450 | +601% |
| Tangible fixed assets | 22/27 | €907 | €6,357 | +€5,450 | +601% |
| Furniture and vehicles | 24 | €907 | €6,357 | +€5,450 | +601% |
| Current assets | 29/58 | €9,470 | €3,229 | -€6,241 | -65.9% |
| Amounts receivable within one year | 40/41 | €9,467 | €227 | -€9,240 | -97.6% |
| Trade receivables | 40 | €6,546 | €227 | -€6,319 | -96.5% |
| Other amounts receivable | 41 | €2,921 | €0 | -€2,920 | -100.0% |
| Cash at bank and in hand | 54/58 | €3 | €1,501 | +€1,498 | +47,540% |
| Deferred charges and accrued income | 490/1 | €0 | €1,501 | +€1,501 | |
| Total equity and liabilities | 10/49 | €10,377 | €9,586 | -€791 | -7.6% |
| Equity | 10/15 | -€80,511 | -€77,771 | +€2,739 | +3.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€86,708 | -€83,969 | +€2,739 | +3.2% |
| Amounts payable | 17/49 | €90,888 | €87,358 | -€3,530 | -3.9% |
| Amounts payable within one year | 42/48 | €90,888 | €87,314 | -€3,573 | -3.9% |
| Trade debts | 44 | €4,156 | €7,434 | +€3,278 | +78.9% |
| Suppliers | 440/4 | €4,156 | €7,434 | +€3,278 | +78.9% |
| Taxes, remuneration and social security | 45 | €755 | €352 | -€403 | -53.4% |
| Taxes | 450/3 | €755 | €352 | -€403 | -53.4% |
| Other amounts payable | 47/48 | €85,977 | €79,528 | -€6,448 | -7.5% |
| Accrued charges and deferred income | 492/3 | €0 | €43 | +€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €4,200 | +€3,728 | +790% |
| Other operating charges | 640/8 | €631 | €595 | -€36 | -5.7% |
| Gross operating margin | 9900 | -€5,184 | €9,339 | +€14,523 | |
| Operating profit (loss) | 9901 | -€6,287 | €4,544 | +€10,831 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,764 | €1,455 | -€310 | -17.6% |
| Recurring financial charges | 65 | €1,764 | €1,455 | -€310 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,052 | €3,089 | +€11,141 | |
| Income taxes | 67/77 | €337 | €350 | +€13 | +3.7% |
| Profit (loss) for the period | 9904 | -€8,389 | €2,739 | +€11,128 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,389 | €2,739 | +€11,128 |
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 31 October 2026 via checked.be.