WORK AND 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.
WORK AND ART
Largest movements
- Cash -€16,765
down €16,765 (-100%), from €16,765 to €0
mainly Net result for the year (-€9,240) and Tax, wage and social debts (-€6,984)
- Receivables within one year +€2,542
up €2,542 (+100%), from €2,534 to €5,076
- Tangible fixed assets +€1,755
up €1,755 (+31.9%), from €5,501 to €7,256
of which Furniture and vehicles: +€3,707
- Deferred charges and accrued income +€1,185
up €1,185 (+130%), from €910 to €2,095
- Profit (loss) carried forward -€9,240
down €9,240, from €6,667 to -€2,573
- Tax, wage and social debts -€6,984
down €6,984 (-53.5%), from €13,045 to €6,061
- Debts after one year +€3,880
up €3,880 (+2,060%), from €188 to €4,068
of which Financial debts: +€3,833
- Short-term financial debts +€2,171
up €2,171 (+879%), from €247 to €2,418
- Trade debts -€1,726
down €1,726 (-50.4%), from €3,425 to €1,699
- Gross operating margin +€19,372
up €19,372 (+85.6%), from -€22,630 to -€3,258
- Other operating charges +€918
up €918 (+386%), from €238 to €1,155
- Financial charges -€491
down €491 (-27.6%), from €1,779 to €1,288
- Depreciation +€468
up €468 (+16.4%), from €2,853 to €3,321
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 | €26,130 | €14,847 | -€11,283 | -43.2% |
| Fixed assets | 21/28 | €5,921 | €7,676 | +€1,755 | +29.6% |
| Tangible fixed assets | 22/27 | €5,501 | €7,256 | +€1,755 | +31.9% |
| Plant, machinery and equipment | 23 | €3,881 | €1,929 | -€1,952 | -50.3% |
| Furniture and vehicles | 24 | €1,620 | €5,327 | +€3,707 | +229% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €20,209 | €7,171 | -€13,038 | -64.5% |
| Amounts receivable within one year | 40/41 | €2,534 | €5,076 | +€2,542 | +100% |
| Trade receivables | 40 | €2,534 | €5,076 | +€2,542 | +100% |
| Cash at bank and in hand | 54/58 | €16,765 | €0 | -€16,765 | -100% |
| Deferred charges and accrued income | 490/1 | €910 | €2,095 | +€1,185 | +130% |
| Total equity and liabilities | 10/49 | €26,130 | €14,847 | -€11,283 | -43.2% |
| Equity | 10/15 | €8,667 | -€573 | -€9,240 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,667 | -€2,573 | -€9,240 | |
| Amounts payable | 17/49 | €17,463 | €15,420 | -€2,043 | -11.7% |
| Amounts payable after more than one year | 17 | €188 | €4,068 | +€3,880 | +2,060% |
| Financial debts | 170/4 | - | €3,833 | +€3,833 | |
| Other amounts payable | 178/9 | €188 | €235 | +€47 | +24.9% |
| Amounts payable within one year | 42/48 | €17,274 | €11,302 | -€5,972 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,125 | +€1,125 | |
| Financial debts | 43 | €247 | €2,418 | +€2,171 | +879% |
| Credit institutions | 430/8 | €247 | €2,418 | +€2,171 | +879% |
| Trade debts | 44 | €3,425 | €1,699 | -€1,726 | -50.4% |
| Suppliers | 440/4 | €3,425 | €1,699 | -€1,726 | -50.4% |
| Taxes, remuneration and social security | 45 | €13,045 | €6,061 | -€6,984 | -53.5% |
| Taxes | 450/3 | €13,045 | €6,061 | -€6,984 | -53.5% |
| Other amounts payable | 47/48 | €558 | €0 | -€558 | -100% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,853 | €3,321 | +€468 | +16.4% |
| Other operating charges | 640/8 | €238 | €1,155 | +€918 | +386% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | -€22,630 | -€3,258 | +€19,372 | +85.6% |
| Operating profit (loss) | 9901 | -€25,721 | -€7,798 | +€17,923 | +69.7% |
| Financial income | 75/76B | €4 | €8 | +€4 | +84.0% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +84.0% |
| Financial charges | 65/66B | €1,779 | €1,288 | -€491 | -27.6% |
| Recurring financial charges | 65 | €1,779 | €1,288 | -€491 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,496 | -€9,079 | +€18,418 | +67.0% |
| Income taxes | 67/77 | €162 | €162 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€27,658 | -€9,240 | +€18,418 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,658 | -€9,240 | +€18,418 | +66.6% |
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 1 November 2026 via checked.be.