What changed?
Two fiscal 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.
Beheer Kunstsite
Largest movements
- Cash -€141,820
down €141,820 (-8.6%), from €1.6m to €1.5m
mainly Investment in fixed assets (net) (-€292,105) and Accrued charges and deferred income (-€96,276)
- Tangible fixed assets +€111,522
up €111,522 (+38.4%), from €290,140 to €401,662
of which Plant, machinery and equipment: +€104,800
- Deferred charges and accrued income +€66,810
new in 2025: €66,810
- Receivables within one year -€61,485
down €61,485 (-47.5%), from €129,570 to €68,085
of which Trade receivables: -€34,642
- Tax, wage and social debts +€133,650
up €133,650 (+94.3%), from €141,688 to €275,338
of which Taxes: +€126,651
- Profit (loss) carried forward +€120,970
up €120,970 (+86.4%), from €140,081 to €261,051
- Accrued charges and deferred income -€96,276
down €96,276 (-83.9%), from €114,705 to €18,429
- Trade debts -€82,295
down €82,295 (-29.5%), from €278,771 to €196,476
- Provisions -€66,385
down €66,385 (-9.1%), from €730,859 to €664,474
- Gross operating margin -€161,039
down €161,039 (-7.9%), from €2.0m to €1.9m
- Staff costs -€25,694
down €25,694 (-1.6%), from €1.7m to €1.6m
- Financial income -€25,035
down €25,035 (-100.0%), from €25,035 to €1
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 | €2,073,845 | €2,051,045 | -€22,801 | -1.1% |
| Fixed assets | 21/28 | €290,140 | €401,662 | +€111,522 | +38.4% |
| Tangible fixed assets | 22/27 | €290,140 | €401,662 | +€111,522 | +38.4% |
| Plant, machinery and equipment | 23 | €281,049 | €385,850 | +€104,800 | +37.3% |
| Furniture and vehicles | 24 | €1,903 | €8,625 | +€6,722 | +353.2% |
| Leasing and similar rights | 25 | €7,188 | €7,188 | = | 0.0% |
| Current assets | 29/58 | €1,783,705 | €1,649,382 | -€134,322 | -7.5% |
| Stocks and contracts in progress | 3 | €5,942 | €8,115 | +€2,173 | +36.6% |
| Stocks | 30/36 | €5,942 | €8,115 | +€2,173 | +36.6% |
| Amounts receivable within one year | 40/41 | €129,570 | €68,085 | -€61,485 | -47.5% |
| Trade receivables | 40 | €70,280 | €35,638 | -€34,642 | -49.3% |
| Other amounts receivable | 41 | €59,291 | €32,447 | -€26,844 | -45.3% |
| Cash at bank and in hand | 54/58 | €1,648,192 | €1,506,372 | -€141,820 | -8.6% |
| Deferred charges and accrued income | 490/1 | - | €66,810 | +€66,810 | |
| Total equity and liabilities | 10/49 | €2,073,845 | €2,051,045 | -€22,801 | -1.1% |
| Equity | 10/15 | €750,081 | €871,051 | +€120,970 | +16.1% |
| Reserves | 13 | €610,000 | €610,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,081 | €261,051 | +€120,970 | +86.4% |
| Provisions and deferred taxes | 16 | €730,859 | €664,474 | -€66,385 | -9.1% |
| Provisions for liabilities and charges | 160/5 | €730,859 | €664,474 | -€66,385 | -9.1% |
| Other liabilities and charges | 164/5 | €730,859 | €664,474 | -€66,385 | -9.1% |
| Amounts payable | 17/49 | €592,905 | €515,520 | -€77,385 | -13.1% |
| Amounts payable within one year | 42/48 | €478,200 | €497,090 | +€18,890 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €57,741 | €25,277 | -€32,464 | -56.2% |
| Trade debts | 44 | €278,771 | €196,476 | -€82,295 | -29.5% |
| Suppliers | 440/4 | €278,771 | €196,476 | -€82,295 | -29.5% |
| Taxes, remuneration and social security | 45 | €141,688 | €275,338 | +€133,650 | +94.3% |
| Taxes | 450/3 | €44 | €126,696 | +€126,651 | +285894.9% |
| Remuneration and social security | 454/9 | €141,644 | €148,642 | +€6,998 | +4.9% |
| Accrued charges and deferred income | 492/3 | €114,705 | €18,429 | -€96,276 | -83.9% |
| Non-recurring operating income | 76A | €3,543 | €1,500 | -€2,043 | -57.7% |
| Remuneration, social security and pensions | 62 | €1,655,624 | €1,629,930 | -€25,694 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,046 | €180,583 | +€8,537 | +5.0% |
| Other operating charges | 640/8 | €9,076 | €3,095 | -€5,982 | -65.9% |
| Non-recurring operating charges | 66A | €1,497 | €10,767 | +€9,269 | +619.0% |
| Gross operating margin | 9900 | €2,045,724 | €1,884,685 | -€161,039 | -7.9% |
| Operating profit (loss) | 9901 | €139,197 | €126,696 | -€12,502 | -9.0% |
| Financial income | 75/76B | €25,035 | €1 | -€25,035 | -100.0% |
| Recurring financial income | 75 | €25,035 | €1 | -€25,035 | -100.0% |
| Financial charges | 65/66B | €8,613 | €5,727 | -€2,887 | -33.5% |
| Recurring financial charges | 65 | €8,613 | €5,727 | -€2,887 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €155,619 | €120,970 | -€34,649 | -22.3% |
| Profit (loss) for the period | 9904 | €155,619 | €120,970 | -€34,649 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,619 | €120,970 | -€34,649 | -22.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.