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.
ART
Largest movements
- Cash +€27,184
up €27,184 (+2,069%), from €1,314 to €28,498
mainly Net result for the year (+€43,484) and Other debts (+€30,073)
- Receivables within one year -€4,397
down €4,397 (-9.4%), from €46,793 to €42,396
of which Other amounts receivable: -€3,734
- Receivables after one year +€1,837
up €1,837 (+2.8%), from €65,665 to €67,502
- Other debts +€30,073
up €30,073 (+224%), from €13,411 to €43,484
- Tax, wage and social debts -€3,767
down €3,767 (-20.4%), from €18,461 to €14,694
- Reserves -€1,860
down €1,860 (-2.0%), from €94,608 to €92,748
- Gross operating margin +€42,293
up €42,293 (+193%), from €21,903 to €64,196
- Taxes +€11,165
up €11,165 (+259%), from €4,309 to €15,474
- Depreciation +€1,045
up €1,045 (+22.0%), from €4,756 to €5,801
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 | €147,605 | €172,257 | +€24,652 | +16.7% |
| Fixed assets | 21/28 | €32,591 | €33,288 | +€698 | +2.1% |
| Tangible fixed assets | 22/27 | €32,591 | €33,288 | +€698 | +2.1% |
| Furniture and vehicles | 24 | €3,250 | €1,624 | -€1,626 | -50.0% |
| Other tangible fixed assets | 26 | €29,341 | €31,664 | +€2,323 | +7.9% |
| Current assets | 29/58 | €115,014 | €138,969 | +€23,955 | +20.8% |
| Amounts receivable after more than one year | 29 | €65,665 | €67,502 | +€1,837 | +2.8% |
| Other amounts receivable | 291 | €65,665 | €67,502 | +€1,837 | +2.8% |
| Amounts receivable within one year | 40/41 | €46,793 | €42,396 | -€4,397 | -9.4% |
| Trade receivables | 40 | €9,483 | €8,820 | -€663 | -7.0% |
| Other amounts receivable | 41 | €37,310 | €33,576 | -€3,734 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,314 | €28,498 | +€27,184 | +2,069% |
| Deferred charges and accrued income | 490/1 | €1,242 | €573 | -€669 | -53.9% |
| Total equity and liabilities | 10/49 | €147,605 | €172,257 | +€24,652 | +16.7% |
| Equity | 10/15 | €113,208 | €111,348 | -€1,860 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,608 | €92,748 | -€1,860 | -2.0% |
| Distributable reserves | 133 | €94,608 | €92,748 | -€1,860 | -2.0% |
| Amounts payable | 17/49 | €34,397 | €60,909 | +€26,512 | +77.1% |
| Amounts payable within one year | 42/48 | €34,397 | €60,909 | +€26,512 | +77.1% |
| Trade debts | 44 | €2,524 | €2,730 | +€206 | +8.2% |
| Suppliers | 440/4 | €2,524 | €2,730 | +€206 | +8.2% |
| Taxes, remuneration and social security | 45 | €18,461 | €14,694 | -€3,767 | -20.4% |
| Taxes | 450/3 | €18,461 | €14,694 | -€3,767 | -20.4% |
| Other amounts payable | 47/48 | €13,411 | €43,484 | +€30,073 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,756 | €5,801 | +€1,045 | +22.0% |
| Other operating charges | 640/8 | €903 | €1,086 | +€183 | +20.3% |
| Gross operating margin | 9900 | €21,903 | €64,196 | +€42,293 | +193% |
| Operating profit (loss) | 9901 | €16,244 | €57,309 | +€41,065 | +253% |
| Financial income | 75/76B | €1,832 | €1,840 | +€8 | +0.4% |
| Recurring financial income | 75 | €1,832 | €1,840 | +€8 | +0.4% |
| Financial charges | 65/66B | €356 | €192 | -€164 | -46.2% |
| Recurring financial charges | 65 | €356 | €192 | -€164 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €17,721 | €58,958 | +€41,238 | +233% |
| Income taxes | 67/77 | €4,309 | €15,474 | +€11,165 | +259% |
| Profit (loss) for the period | 9904 | €13,411 | €43,484 | +€30,073 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €13,411 | €43,484 | +€30,073 | +224% |
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 19 October 2026 via checked.be.