Veilinghuis Artdeco: what changed
Veilinghuis Artdeco
Largest movements
- Receivables within one year +€62,013
up €62,013 (+82.3%), from €75,304 to €137,316
of which Other amounts receivable: +€66,339
- Cash +€4,102
up €4,102 (+1,515%), from €271 to €4,373
mainly Other debts (+€99,938) and Deferred charges and accrued income (+€333)
- Other debts +€99,938
up €99,938 (+744%), from €13,431 to €113,369
- Trade debts -€15,919
down €15,919 (-15.3%), from €104,201 to €88,282
- Profit (loss) carried forward -€12,465
down €12,465 (-37.0%), from €33,710 to €21,245
- Tax, wage and social debts -€5,115
down €5,115 (-92.2%), from €5,551 to €436
- Gross operating margin -€22,130
down €22,130, from €12,578 to -€9,552
- Financial charges -€762
down €762 (-35.7%), from €2,135 to €1,374
- Taxes +€253
new in 2025: €253
- Other operating charges +€164
up €164 (+19.1%), from €856 to €1,020
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,284 | €243,783 | +€65,499 | +36.7% |
| Fixed assets | 21/28 | €11,124 | €10,841 | -€282 | -2.5% |
| Tangible fixed assets | 22/27 | €924 | €641 | -€282 | -30.6% |
| Plant, machinery and equipment | 23 | €680 | €428 | -€252 | -37.1% |
| Other tangible fixed assets | 26 | €244 | €213 | -€30 | -12.5% |
| Financial fixed assets | 28 | €10,200 | €10,200 | = | 0.0% |
| Current assets | 29/58 | €167,160 | €232,941 | +€65,781 | +39.4% |
| Stocks and contracts in progress | 3 | €91,252 | €91,252 | = | 0.0% |
| Stocks | 30/36 | €91,252 | €91,252 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,304 | €137,316 | +€62,013 | +82.3% |
| Trade receivables | 40 | €11,014 | €6,688 | -€4,327 | -39.3% |
| Other amounts receivable | 41 | €64,289 | €130,629 | +€66,339 | +103% |
| Cash at bank and in hand | 54/58 | €271 | €4,373 | +€4,102 | +1,515% |
| Deferred charges and accrued income | 490/1 | €333 | €0 | -€333 | -100% |
| Total equity and liabilities | 10/49 | €178,284 | €243,783 | +€65,499 | +36.7% |
| Equity | 10/15 | €54,161 | €41,696 | -€12,465 | -23.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,710 | €21,245 | -€12,465 | -37.0% |
| Amounts payable | 17/49 | €124,123 | €202,087 | +€77,964 | +62.8% |
| Amounts payable within one year | 42/48 | €124,123 | €202,087 | +€77,964 | +62.8% |
| Financial debts | 43 | €939 | €0 | -€939 | -100% |
| Credit institutions | 430/8 | €939 | €0 | -€939 | -100% |
| Trade debts | 44 | €104,201 | €88,282 | -€15,919 | -15.3% |
| Suppliers | 440/4 | €104,201 | €88,282 | -€15,919 | -15.3% |
| Taxes, remuneration and social security | 45 | €5,551 | €436 | -€5,115 | -92.2% |
| Taxes | 450/3 | €5,551 | €436 | -€5,115 | -92.2% |
| Other amounts payable | 47/48 | €13,431 | €113,369 | +€99,938 | +744% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €282 | +€0 | 0.0% |
| Other operating charges | 640/8 | €856 | €1,020 | +€164 | +19.1% |
| Gross operating margin | 9900 | €12,578 | -€9,552 | -€22,130 | |
| Operating profit (loss) | 9901 | €11,439 | -€10,855 | -€22,294 | |
| Financial income | 75/76B | €70 | €17 | -€53 | -75.7% |
| Recurring financial income | 75 | €70 | €17 | -€53 | -75.7% |
| Financial charges | 65/66B | €2,135 | €1,374 | -€762 | -35.7% |
| Recurring financial charges | 65 | €2,135 | €1,374 | -€762 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €9,373 | -€12,212 | -€21,585 | |
| Income taxes | 67/77 | - | €253 | +€253 | |
| Profit (loss) for the period | 9904 | €9,373 | -€12,465 | -€21,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,373 | -€12,465 | -€21,839 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.