ArteCom: 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.
ArteCom
Largest movements
- Receivables within one year -€4,404
down €4,404 (-31.0%), from €14,191 to €9,787
of which Trade receivables: -€5,573
- Tangible fixed assets +€1,341
up €1,341 (+175%), from €765 to €2,106
of which Furniture and vehicles: +€2,106
- Cash -€919
down €919 (-38.5%), from €2,390 to €1,471
mainly Net result for the year (-€21,552) and Investment in fixed assets (net) (-€1,930)
- Profit (loss) carried forward -€21,773
down €21,773 (-9.1%), from -€239,744 to -€261,517
- Trade debts +€11,732
up €11,732 (+55.6%), from €21,092 to €32,824
- Debts after one year +€5,598
up €5,598 (+2.6%), from €215,547 to €221,145
- Other debts +€460
new in 2025: €460
- Gross operating margin +€20,573
up €20,573 (+66.9%), from -€30,739 to -€10,166
- Other operating charges +€8,014
up €8,014 (+1,053%), from €761 to €8,775
- Financial charges -€1,988
down €1,988 (-49.5%), from €4,018 to €2,030
- Depreciation +€589
new in 2025: €589
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 | €17,346 | €13,364 | -€3,982 | -23.0% |
| Fixed assets | 21/28 | €765 | €2,106 | +€1,341 | +175% |
| Tangible fixed assets | 22/27 | €765 | €2,106 | +€1,341 | +175% |
| Furniture and vehicles | 24 | - | €2,106 | +€2,106 | |
| Assets under construction and advance payments | 27 | €765 | - | -€765 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €16,581 | €11,258 | -€5,323 | -32.1% |
| Amounts receivable within one year | 40/41 | €14,191 | €9,787 | -€4,404 | -31.0% |
| Trade receivables | 40 | €13,377 | €7,804 | -€5,573 | -41.7% |
| Other amounts receivable | 41 | €814 | €1,983 | +€1,169 | +144% |
| Cash at bank and in hand | 54/58 | €2,390 | €1,471 | -€919 | -38.5% |
| Total equity and liabilities | 10/49 | €17,346 | €13,364 | -€3,982 | -23.0% |
| Equity | 10/15 | -€219,293 | -€241,066 | -€21,773 | -9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€239,744 | -€261,517 | -€21,773 | -9.1% |
| Amounts payable | 17/49 | €236,639 | €254,429 | +€17,790 | +7.5% |
| Amounts payable after more than one year | 17 | €215,547 | €221,145 | +€5,598 | +2.6% |
| Other amounts payable | 178/9 | €215,547 | €221,145 | +€5,598 | +2.6% |
| Amounts payable within one year | 42/48 | €21,092 | €33,284 | +€12,192 | +57.8% |
| Trade debts | 44 | €21,092 | €32,824 | +€11,732 | +55.6% |
| Suppliers | 440/4 | €21,092 | €32,824 | +€11,732 | +55.6% |
| Other amounts payable | 47/48 | - | €460 | +€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €589 | +€589 | |
| Other operating charges | 640/8 | €761 | €8,775 | +€8,014 | +1,053% |
| Gross operating margin | 9900 | -€30,739 | -€10,166 | +€20,573 | +66.9% |
| Operating profit (loss) | 9901 | -€31,500 | -€19,530 | +€11,970 | +38.0% |
| Financial income | 75/76B | €1 | €8 | +€7 | +700% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +700% |
| Financial charges | 65/66B | €4,018 | €2,030 | -€1,988 | -49.5% |
| Recurring financial charges | 65 | €4,018 | €2,030 | -€1,988 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,517 | -€21,552 | +€13,965 | +39.3% |
| Income taxes | 67/77 | €299 | - | -€299 | |
| Profit (loss) for the period | 9904 | -€35,816 | -€21,552 | +€14,264 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,816 | -€21,552 | +€14,264 | +39.8% |
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 17 October 2026 via checked.be.