VISUAL ART FAIR USE: 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.
VISUAL ART FAIR USE
Largest movements
- Receivables within one year -€12,073
down €12,073 (-55.6%), from €21,732 to €9,659
of which Trade receivables: -€15,646
- Cash -€4,281
down €4,281 (-54.7%), from €7,828 to €3,548
mainly Net result for the year (-€12,512) and Tax, wage and social debts (-€2,776)
- Profit (loss) carried forward -€12,512
down €12,512, from €6,102 to -€6,410
- Tax, wage and social debts -€2,776
down €2,776 (-65.1%), from €4,263 to €1,487
- Trade debts -€1,353
down €1,353 (-80.4%), from €1,683 to €330
- Gross operating margin -€14,249
down €14,249, from €2,577 to -€11,672
- Write-downs -€1,634
no longer reported in 2025 (was €1,634)
- Financial income +€148
up €148 (+419%), from €35 to €183
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 | €30,648 | €14,007 | -€16,641 | -54.3% |
| Fixed assets | 21/28 | €1,088 | €800 | -€288 | -26.4% |
| Tangible fixed assets | 22/27 | €288 | - | -€288 | |
| Furniture and vehicles | 24 | €288 | - | -€288 | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €29,560 | €13,207 | -€16,353 | -55.3% |
| Amounts receivable within one year | 40/41 | €21,732 | €9,659 | -€12,073 | -55.6% |
| Trade receivables | 40 | €19,723 | €4,077 | -€15,646 | -79.3% |
| Other amounts receivable | 41 | €2,009 | €5,582 | +€3,573 | +178% |
| Cash at bank and in hand | 54/58 | €7,828 | €3,548 | -€4,281 | -54.7% |
| Total equity and liabilities | 10/49 | €30,648 | €14,007 | -€16,641 | -54.3% |
| Equity | 10/15 | €24,702 | €12,190 | -€12,512 | -50.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,102 | -€6,410 | -€12,512 | |
| Amounts payable | 17/49 | €5,946 | €1,817 | -€4,129 | -69.4% |
| Amounts payable within one year | 42/48 | €5,946 | €1,817 | -€4,129 | -69.4% |
| Trade debts | 44 | €1,683 | €330 | -€1,353 | -80.4% |
| Suppliers | 440/4 | €1,683 | €330 | -€1,353 | -80.4% |
| Taxes, remuneration and social security | 45 | €4,263 | €1,487 | -€2,776 | -65.1% |
| Taxes | 450/3 | €4,263 | €1,487 | -€2,776 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288 | €288 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,634 | - | -€1,634 | |
| Other operating charges | 640/8 | €536 | €598 | +€62 | +11.6% |
| Gross operating margin | 9900 | €2,577 | -€11,672 | -€14,249 | |
| Operating profit (loss) | 9901 | €120 | -€12,558 | -€12,678 | |
| Financial income | 75/76B | €35 | €183 | +€148 | +419% |
| Recurring financial income | 75 | €35 | €183 | +€148 | +419% |
| Financial charges | 65/66B | €133 | €137 | +€4 | +2.7% |
| Recurring financial charges | 65 | €133 | €137 | +€4 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €22 | -€12,512 | -€12,534 | |
| Profit (loss) for the period | 9904 | €22 | -€12,512 | -€12,534 | |
| Profit (loss) for the period to be appropriated | 9905 | €22 | -€12,512 | -€12,534 |
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 29 October 2026 via checked.be.