ARTS & VISUALS: 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.
ARTS & VISUALS
Largest movements
- Receivables within one year -€29,571
down €29,571 (-31.2%), from €94,874 to €65,304
of which Trade receivables: -€34,453
- Cash -€25,255
down €25,255 (-66.9%), from €37,762 to €12,507
mainly Trade debts (-€25,406) and Net result for the year (-€25,265)
- Trade debts -€25,406
down €25,406 (-68.1%), from €37,303 to €11,897
- Profit (loss) carried forward -€25,265
down €25,265 (-40.6%), from €62,249 to €36,984
- Tax, wage and social debts -€3,362
down €3,362 (-51.1%), from €6,584 to €3,222
- Gross operating margin -€55,651
down €55,651, from €31,629 to -€24,023
- Taxes -€8,131
down €8,131 (-99.7%), from €8,153 to €22
- Depreciation -€344
down €344 (-43.3%), from €793 to €450
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 | €134,268 | €79,017 | -€55,251 | -41.2% |
| Fixed assets | 21/28 | €1,632 | €1,182 | -€450 | -27.6% |
| Tangible fixed assets | 22/27 | €1,632 | €1,182 | -€450 | -27.6% |
| Plant, machinery and equipment | 23 | €1,632 | €1,182 | -€450 | -27.6% |
| Current assets | 29/58 | €132,636 | €77,834 | -€54,802 | -41.3% |
| Amounts receivable within one year | 40/41 | €94,874 | €65,304 | -€29,571 | -31.2% |
| Trade receivables | 40 | €94,874 | €60,421 | -€34,453 | -36.3% |
| Other amounts receivable | 41 | €0 | €4,882 | +€4,882 | |
| Cash at bank and in hand | 54/58 | €37,762 | €12,507 | -€25,255 | -66.9% |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €134,268 | €79,017 | -€55,251 | -41.2% |
| Equity | 10/15 | €84,249 | €58,984 | -€25,265 | -30.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,249 | €36,984 | -€25,265 | -40.6% |
| Amounts payable | 17/49 | €50,019 | €20,032 | -€29,987 | -60.0% |
| Amounts payable within one year | 42/48 | €50,019 | €20,032 | -€29,987 | -60.0% |
| Trade debts | 44 | €37,303 | €11,897 | -€25,406 | -68.1% |
| Suppliers | 440/4 | €37,303 | €11,897 | -€25,406 | -68.1% |
| Taxes, remuneration and social security | 45 | €6,584 | €3,222 | -€3,362 | -51.1% |
| Taxes | 450/3 | €6,584 | €3,222 | -€3,362 | -51.1% |
| Other amounts payable | 47/48 | €6,132 | €4,913 | -€1,219 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €450 | -€344 | -43.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €31,629 | -€24,023 | -€55,651 | |
| Operating profit (loss) | 9901 | €30,330 | -€24,992 | -€55,322 | |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €166 | €250 | +€85 | +51.1% |
| Recurring financial charges | 65 | €166 | €250 | +€85 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €30,188 | -€25,242 | -€55,431 | |
| Income taxes | 67/77 | €8,153 | €22 | -€8,131 | -99.7% |
| Profit (loss) for the period | 9904 | €22,035 | -€25,265 | -€47,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,035 | -€25,265 | -€47,300 |
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 8 October 2026 via checked.be.