ars.medic.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.
ars.medic.art
Largest movements
- Cash -€236,758
down €236,758 (-81.1%), from €291,951 to €55,193
mainly Debts after one year (-€457,178) and Receivables within one year (-€50,469)
- Tangible fixed assets -€128,515
down €128,515 (-4.6%), from €2.8m to €2.7m
of which Land and buildings: -€120,817
- Receivables within one year +€50,469
up €50,469 (+1,224,987%), from €4 to €50,474
of which Trade receivables: +€50,465
- Debts after one year -€457,178
down €457,178 (-22.6%), from €2.0m to €1.6m
of which Financial debts: -€600,000
- Other debts +€212,538
up €212,538 (+21.9%), from €972,636 to €1.2m
- Current portion of long-term debt -€34,406
down €34,406 (-100%), from €34,406 to €0
- Profit (loss) carried forward -€34,191
down €34,191 (-3.1%), from -€1.1m to -€1.2m
- Gross operating margin +€48,525
up €48,525 (+55.1%), from €88,015 to €136,541
- Financial charges -€9,364
down €9,364 (-22.8%), from €41,038 to €31,674
- Depreciation -€2,564
down €2,564 (-2.0%), from €131,079 to €128,515
- Other operating charges -€2,492
down €2,492 (-19.1%), from €13,036 to €10,543
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,075,704 | €2,759,735 | -€315,969 | -10.3% |
| Fixed assets | 21/28 | €2,781,784 | €2,653,268 | -€128,515 | -4.6% |
| Tangible fixed assets | 22/27 | €2,781,784 | €2,653,268 | -€128,515 | -4.6% |
| Land and buildings | 22 | €2,404,767 | €2,283,950 | -€120,817 | -5.0% |
| Furniture and vehicles | 24 | €65,202 | €65,202 | = | 0.0% |
| Other tangible fixed assets | 26 | €311,815 | €304,116 | -€7,699 | -2.5% |
| Current assets | 29/58 | €293,921 | €106,467 | -€187,454 | -63.8% |
| Amounts receivable within one year | 40/41 | €4 | €50,474 | +€50,469 | +1,224,987% |
| Trade receivables | 40 | - | €50,465 | +€50,465 | |
| Other amounts receivable | 41 | €4 | €9 | +€4 | +108% |
| Cash at bank and in hand | 54/58 | €291,951 | €55,193 | -€236,758 | -81.1% |
| Deferred charges and accrued income | 490/1 | €1,966 | €800 | -€1,165 | -59.3% |
| Total equity and liabilities | 10/49 | €3,075,704 | €2,759,735 | -€315,969 | -10.3% |
| Equity | 10/15 | €36,845 | €2,654 | -€34,191 | -92.8% |
| Contributions | 10/11 | €1,156,250 | €1,156,250 | = | 0.0% |
| Capital | 10 | €1,156,250 | €1,156,250 | = | 0.0% |
| Issued capital | 100 | €1,156,250 | €1,156,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,119,405 | -€1,153,596 | -€34,191 | -3.1% |
| Amounts payable | 17/49 | €3,038,859 | €2,757,081 | -€281,778 | -9.3% |
| Amounts payable after more than one year | 17 | €2,027,245 | €1,570,067 | -€457,178 | -22.6% |
| Financial debts | 170/4 | €1,825,000 | €1,225,000 | -€600,000 | -32.9% |
| Other amounts payable | 178/9 | €202,245 | €345,067 | +€142,822 | +70.6% |
| Amounts payable within one year | 42/48 | €1,008,115 | €1,187,014 | +€178,900 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €34,406 | €0 | -€34,406 | -100% |
| Trade debts | 44 | €1,072 | €1,840 | +€768 | +71.6% |
| Suppliers | 440/4 | €1,072 | €1,840 | +€768 | +71.6% |
| Other amounts payable | 47/48 | €972,636 | €1,185,175 | +€212,538 | +21.9% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,079 | €128,515 | -€2,564 | -2.0% |
| Other operating charges | 640/8 | €13,036 | €10,543 | -€2,492 | -19.1% |
| Gross operating margin | 9900 | €88,015 | €136,541 | +€48,525 | +55.1% |
| Operating profit (loss) | 9901 | -€56,099 | -€2,518 | +€53,582 | +95.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €41,038 | €31,674 | -€9,364 | -22.8% |
| Recurring financial charges | 65 | €41,038 | €31,674 | -€9,364 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€97,138 | -€34,191 | +€62,947 | +64.8% |
| Profit (loss) for the period | 9904 | -€97,138 | -€34,191 | +€62,947 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,138 | -€34,191 | +€62,947 | +64.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.