THE ARTISTS: what changed
THE ARTISTS
Largest movements
- Cash -€5,944
no longer reported in 2025 (was €5,944)
- Debts after one year -€41,156
down €41,156 (-34.0%), from €121,156 to €80,000
- Other debts +€35,687
up €35,687 (+23.0%), from €155,351 to €191,037
- Profit (loss) carried forward -€19,873
down €19,873 (-34.9%), from -€56,875 to -€76,747
- Trade debts +€9,479
up €9,479 (+544%), from €1,743 to €11,222
- Short-term financial debts +€5,000
up €5,000, from €0 to €5,000
- Other operating charges +€9,960
up €9,960 (+2,591%), from €384 to €10,344
- Depreciation -€2,834
down €2,834 (-100%), from €2,834 to €0
- Financial charges -€389
down €389 (-8.8%), from €4,429 to €4,040
- Gross operating margin -€145
down €145 (-2.7%), from -€5,344 to -€5,489
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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,025 | €266,782 | -€6,243 | -2.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €273,025 | €266,782 | -€6,243 | -2.3% |
| Stocks and contracts in progress | 3 | €266,741 | €266,741 | = | 0.0% |
| Stocks | 30/36 | €266,741 | €266,741 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €41 | +€41 | |
| Other amounts receivable | 41 | €0 | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €5,944 | - | -€5,944 | |
| Deferred charges and accrued income | 490/1 | €339 | - | -€339 | |
| Total equity and liabilities | 10/49 | €273,025 | €266,782 | -€6,243 | -2.3% |
| Equity | 10/15 | -€36,415 | -€56,287 | -€19,873 | -54.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,875 | -€76,747 | -€19,873 | -34.9% |
| Amounts payable | 17/49 | €309,439 | €323,069 | +€13,630 | +4.4% |
| Amounts payable after more than one year | 17 | €121,156 | €80,000 | -€41,156 | -34.0% |
| Financial debts | 170/4 | €121,156 | €80,000 | -€41,156 | -34.0% |
| Amounts payable within one year | 42/48 | €188,284 | €243,069 | +€54,785 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €31,190 | €35,810 | +€4,620 | +14.8% |
| Financial debts | 43 | €0 | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | €0 | €5,000 | +€5,000 | |
| Trade debts | 44 | €1,743 | €11,222 | +€9,479 | +544% |
| Suppliers | 440/4 | €1,743 | €11,222 | +€9,479 | +544% |
| Other amounts payable | 47/48 | €155,351 | €191,037 | +€35,687 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,834 | €0 | -€2,834 | -100% |
| Other operating charges | 640/8 | €384 | €10,344 | +€9,960 | +2,591% |
| Gross operating margin | 9900 | -€5,344 | -€5,489 | -€145 | -2.7% |
| Operating profit (loss) | 9901 | -€8,563 | -€15,833 | -€7,270 | -84.9% |
| Financial charges | 65/66B | €4,429 | €4,040 | -€389 | -8.8% |
| Recurring financial charges | 65 | €4,429 | €4,040 | -€389 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,992 | -€19,873 | -€6,881 | -53.0% |
| Profit (loss) for the period | 9904 | -€12,992 | -€19,873 | -€6,881 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,992 | -€19,873 | -€6,881 | -53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.