WHY ART: what changed
What changed
WHY ART
NACE 90.120, Visual arts creation
filed annual accounts (NBB)
Net result for the year
€11,903
2024 · -€11,087+€22,990
Equity
-€41,412
2024 · -€53,316+€11,903
Cash
-
not filed
Balance sheet total
€52,627
2024 · €43,143+€9,484
Largest movements
Assets
- Receivables within one year +€20,900
up €20,900 (+403%), from €5,190 to €26,090
of which Trade receivables: +€20,828
- Tangible fixed assets -€10,541
down €10,541 (-30.5%), from €34,504 to €23,963
of which Furniture and vehicles: -€5,660
- Deferred charges and accrued income -€875
down €875 (-66.0%), from €1,326 to €451
Equity and liabilities
- Profit (loss) carried forward +€11,903
up €11,903 (+17.6%), from -€67,576 to -€55,672
- Debts after one year -€11,833
down €11,833 (-32.3%), from €36,600 to €24,767
- Trade debts +€5,555
up €5,555 (+85.1%), from €6,527 to €12,082
- Other debts +€3,183
up €3,183 (+13.3%), from €23,978 to €27,162
- Advances received +€2,092
up €2,092 (+130%), from €1,603 to €3,695
Income statement
- Gross operating margin +€21,887
up €21,887 (+339%), from €6,459 to €28,346
- Financial charges +€537
up €537 (+12.3%), from €4,368 to €4,905
- Financial income +€360
up €360 (+1,199,833%), from €0 to €360
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.
Result 2024
-€11,087
Gross operating margin
+€21,887
Depreciation
+€178
Other operating charges
+€228
Other operating items
+€916
Financial income
+€360
Financial charges
-€537
Taxes
-€42
Result 2025
€11,903
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,143 | €52,627 | +€9,484 | +22.0% |
| Fixed assets | 21/28 | €34,504 | €23,963 | -€10,541 | -30.5% |
| Tangible fixed assets | 22/27 | €34,504 | €23,963 | -€10,541 | -30.5% |
| Land and buildings | 22 | €24,403 | €19,523 | -€4,881 | -20.0% |
| Furniture and vehicles | 24 | €10,101 | €4,441 | -€5,660 | -56.0% |
| Current assets | 29/58 | €8,639 | €28,664 | +€20,025 | +232% |
| Stocks and contracts in progress | 3 | €2,123 | €2,123 | = | 0.0% |
| Stocks | 30/36 | €2,123 | €2,123 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,190 | €26,090 | +€20,900 | +403% |
| Trade receivables | 40 | €5,190 | €26,017 | +€20,828 | +401% |
| Other amounts receivable | 41 | €0 | €72 | +€72 | |
| Deferred charges and accrued income | 490/1 | €1,326 | €451 | -€875 | -66.0% |
| Total equity and liabilities | 10/49 | €43,143 | €52,627 | +€9,484 | +22.0% |
| Equity | 10/15 | -€53,316 | -€41,412 | +€11,903 | +22.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,576 | -€55,672 | +€11,903 | +17.6% |
| Amounts payable | 17/49 | €96,459 | €94,040 | -€2,419 | -2.5% |
| Amounts payable after more than one year | 17 | €36,600 | €24,767 | -€11,833 | -32.3% |
| Financial debts | 170/4 | €36,600 | €24,767 | -€11,833 | -32.3% |
| Amounts payable within one year | 42/48 | €59,859 | €69,273 | +€9,414 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €12,381 | €11,833 | -€548 | -4.4% |
| Financial debts | 43 | €13,922 | €13,301 | -€621 | -4.5% |
| Credit institutions | 430/8 | €13,922 | €13,301 | -€621 | -4.5% |
| Trade debts | 44 | €6,527 | €12,082 | +€5,555 | +85.1% |
| Suppliers | 440/4 | €6,527 | €12,082 | +€5,555 | +85.1% |
| Advances received on contracts in progress | 46 | €1,603 | €3,695 | +€2,092 | +130% |
| Taxes, remuneration and social security | 45 | €1,446 | €1,199 | -€246 | -17.0% |
| Taxes | 450/3 | €1,446 | €1,199 | -€246 | -17.0% |
| Other amounts payable | 47/48 | €23,978 | €27,162 | +€3,183 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,719 | €10,541 | -€178 | -1.7% |
| Other operating charges | 640/8 | €1,409 | €1,181 | -€228 | -16.2% |
| Non-recurring operating charges | 66A | €916 | €0 | -€916 | -100% |
| Gross operating margin | 9900 | €6,459 | €28,346 | +€21,887 | +339% |
| Operating profit (loss) | 9901 | -€6,585 | €16,624 | +€23,209 | |
| Financial income | 75/76B | €0 | €360 | +€360 | +1,199,833% |
| Recurring financial income | 75 | €0 | €360 | +€360 | +1,199,833% |
| Financial charges | 65/66B | €4,368 | €4,905 | +€537 | +12.3% |
| Recurring financial charges | 65 | €4,368 | €4,905 | +€537 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,953 | €12,080 | +€23,032 | |
| Income taxes | 67/77 | €134 | €176 | +€42 | +31.5% |
| Profit (loss) for the period | 9904 | -€11,087 | €11,903 | +€22,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,087 | €11,903 | +€22,990 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.