VY-ART: 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.
VY-ART
Largest movements
- Receivables within one year -€7,403
down €7,403 (-95.8%), from €7,730 to €327
of which Trade receivables: -€7,730
- Tangible fixed assets -€7,282
down €7,282 (-33.4%), from €21,797 to €14,514
- Stocks and contracts -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Cash -€2,357
down €2,357 (-90.9%), from €2,592 to €235
mainly Current portion of long-term debt (-€10,951) and Net result for the year (-€8,532)
- Current portion of long-term debt -€10,951
down €10,951 (-91.5%), from €11,973 to €1,022
- Profit (loss) carried forward -€8,239
new in 2025: -€8,239
- Tax, wage and social debts -€6,125
down €6,125 (-41.8%), from €14,661 to €8,536
of which Taxes: -€5,972
- Other debts +€4,044
up €4,044, from €0 to €4,044
- Debts after one year -€1,022
down €1,022 (-100.0%), from €1,022 to €0
- Gross operating margin -€7,681
down €7,681 (-83.6%), from €9,193 to €1,512
- Taxes +€854
new in 2025: €854
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.
Cash bridge derived
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 | €36,119 | €15,076 | -€21,042 | -58.3% |
| Fixed assets | 21/28 | €21,797 | €14,514 | -€7,282 | -33.4% |
| Tangible fixed assets | 22/27 | €21,797 | €14,514 | -€7,282 | -33.4% |
| Furniture and vehicles | 24 | €21,797 | €14,514 | -€7,282 | -33.4% |
| Current assets | 29/58 | €14,322 | €562 | -€13,760 | -96.1% |
| Stocks and contracts in progress | 3 | €4,000 | €0 | -€4,000 | -100.0% |
| Contracts in progress | 37 | €4,000 | €0 | -€4,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,730 | €327 | -€7,403 | -95.8% |
| Trade receivables | 40 | €7,730 | €0 | -€7,730 | -100.0% |
| Other amounts receivable | 41 | - | €327 | +€327 | |
| Cash at bank and in hand | 54/58 | €2,592 | €235 | -€2,357 | -90.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €36,119 | €15,076 | -€21,042 | -58.3% |
| Equity | 10/15 | €3,794 | -€4,739 | -€8,532 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €294 | €0 | -€294 | -100.0% |
| Distributable reserves | 133 | €294 | €0 | -€294 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€8,239 | -€8,239 | |
| Amounts payable | 17/49 | €32,325 | €19,815 | -€12,510 | -38.7% |
| Amounts payable after more than one year | 17 | €1,022 | €0 | -€1,022 | -100.0% |
| Financial debts | 170/4 | €1,022 | €0 | -€1,022 | -100.0% |
| Amounts payable within one year | 42/48 | €31,303 | €19,815 | -€11,488 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €11,973 | €1,022 | -€10,951 | -91.5% |
| Financial debts | 43 | - | €1,018 | +€1,018 | |
| Credit institutions | 430/8 | - | €1,018 | +€1,018 | |
| Trade debts | 44 | €4,668 | €5,195 | +€527 | +11.3% |
| Suppliers | 440/4 | €4,668 | €5,195 | +€527 | +11.3% |
| Taxes, remuneration and social security | 45 | €14,661 | €8,536 | -€6,125 | -41.8% |
| Taxes | 450/3 | €12,483 | €6,511 | -€5,972 | -47.8% |
| Remuneration and social security | 454/9 | €2,178 | €2,025 | -€153 | -7.0% |
| Other amounts payable | 47/48 | €0 | €4,044 | +€4,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,282 | €7,282 | = | 0.0% |
| Other operating charges | 640/8 | €487 | €514 | +€27 | +5.6% |
| Gross operating margin | 9900 | €9,193 | €1,512 | -€7,681 | -83.6% |
| Operating profit (loss) | 9901 | €1,423 | -€6,285 | -€7,708 | |
| Financial income | 75/76B | €271 | €280 | +€9 | +3.3% |
| Recurring financial income | 75 | €271 | €280 | +€9 | +3.3% |
| Financial charges | 65/66B | €1,641 | €1,674 | +€33 | +2.0% |
| Recurring financial charges | 65 | €1,641 | €1,674 | +€33 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €54 | -€7,678 | -€7,732 | |
| Income taxes | 67/77 | - | €854 | +€854 | |
| Profit (loss) for the period | 9904 | €54 | -€8,532 | -€8,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €54 | -€8,532 | -€8,586 |
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 10 October 2026 via checked.be.