ART BASE: 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 BASE
Largest movements
- Receivables within one year -€6,393
down €6,393 (-75.3%), from €8,494 to €2,101
of which Trade receivables: -€8,494
- Cash -€3,031
down €3,031 (-5.0%), from €60,103 to €57,072
mainly Investment in fixed assets (net) (-€3,825) and Net result for the year (-€2,879)
- Tangible fixed assets +€2,903
up €2,903 (+1,849%), from €157 to €3,060
- Profit (loss) carried forward -€4,729
down €4,729 (-10.0%), from €47,064 to €42,335
- Tax, wage and social debts -€2,481
no longer reported in 2024 (was €2,481)
- Reserves +€925
new in 2024: €925
- Gross operating margin -€53,653
down €53,653 (-95.8%), from €55,978 to €2,325
- Taxes +€2,000
new in 2024: €2,000
- Other operating charges +€1,252
up €1,252 (+135%), from €928 to €2,180
- Depreciation +€765
up €765 (+487%), from €157 to €922
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 | €68,754 | €62,233 | -€6,521 | -9.5% |
| Fixed assets | 21/28 | €157 | €3,060 | +€2,903 | +1,849% |
| Tangible fixed assets | 22/27 | €157 | €3,060 | +€2,903 | +1,849% |
| Plant, machinery and equipment | 23 | €157 | €3,060 | +€2,903 | +1,849% |
| Current assets | 29/58 | €68,597 | €59,173 | -€9,424 | -13.7% |
| Amounts receivable within one year | 40/41 | €8,494 | €2,101 | -€6,393 | -75.3% |
| Trade receivables | 40 | €8,494 | - | -€8,494 | |
| Other amounts receivable | 41 | - | €2,101 | +€2,101 | |
| Cash at bank and in hand | 54/58 | €60,103 | €57,072 | -€3,031 | -5.0% |
| Total equity and liabilities | 10/49 | €68,754 | €62,233 | -€6,521 | -9.5% |
| Equity | 10/15 | €65,614 | €61,810 | -€3,804 | -5.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €925 | +€925 | |
| Non-distributable reserves | 130/1 | - | €925 | +€925 | |
| Legal reserve | 130 | - | €925 | +€925 | |
| Profit (loss) carried forward | 14 | €47,064 | €42,335 | -€4,729 | -10.0% |
| Amounts payable | 17/49 | €3,140 | €423 | -€2,717 | -86.5% |
| Amounts payable within one year | 42/48 | €2,960 | €423 | -€2,537 | -85.7% |
| Trade debts | 44 | €479 | €423 | -€56 | -11.7% |
| Suppliers | 440/4 | €479 | €423 | -€56 | -11.7% |
| Taxes, remuneration and social security | 45 | €2,481 | - | -€2,481 | |
| Taxes | 450/3 | €2,481 | - | -€2,481 | |
| Accrued charges and deferred income | 492/3 | €180 | - | -€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157 | €922 | +€765 | +487% |
| Other operating charges | 640/8 | €928 | €2,180 | +€1,252 | +135% |
| Gross operating margin | 9900 | €55,978 | €2,325 | -€53,653 | -95.8% |
| Operating profit (loss) | 9901 | €54,893 | -€777 | -€55,670 | |
| Financial charges | 65/66B | €64 | €102 | +€38 | +59.4% |
| Recurring financial charges | 65 | €64 | €102 | +€38 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €54,829 | -€879 | -€55,708 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | €54,829 | -€2,879 | -€57,708 | |
| Transfer to tax-exempt reserves | 689 | - | €925 | +€925 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,829 | -€3,804 | -€58,633 |
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 28 October 2026 via checked.be.