ART CONCEPT: 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.
ART CONCEPT
Largest movements
- Current assets +€4,034
up €4,034 (+12.8%), from €31,402 to €35,436
- Tangible fixed assets -€1,858
down €1,858 (-44.5%), from €4,179 to €2,321
- Debts +€26,711
up €26,711 (+20.0%), from €133,721 to €160,432
of which Debts within one year: +€23,155
- Equity -€24,535
down €24,535 (-28.5%), from -€86,058 to -€110,593
of which Profit (loss) carried forward: -€24,535
- Gross operating margin +€20,965
up €20,965 (+88.4%), from -€23,715 to -€2,750
- Taxes +€11,577
up €11,577 (+23626.5%), from €49 to €11,626
- Financial charges +€4,293
new in 2021: €4,293
- Other operating charges +€3,978
new in 2021: €3,978
- Depreciation -€497
down €497 (-21.1%), from €2,354 to €1,857
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,663 | €49,839 | +€2,176 | +4.6% |
| Fixed assets | 21/28 | €16,261 | €14,403 | -€1,858 | -11.4% |
| Tangible fixed assets | 22/27 | €4,179 | €2,321 | -€1,858 | -44.5% |
| Other tangible fixed assets | 26 | - | €2,321 | +€2,321 | |
| Financial fixed assets | 28 | €12,082 | €12,082 | = | 0.0% |
| Current assets | 29/58 | €31,402 | €35,436 | +€4,034 | +12.8% |
| Stocks and contracts in progress | 3 | €29,450 | €31,000 | +€1,550 | +5.3% |
| Stocks | 30/36 | - | €31,000 | +€31,000 | |
| Amounts receivable within one year | 40/41 | €587 | €2,488 | +€1,901 | +323.9% |
| Other amounts receivable | 41 | - | €2,488 | +€2,488 | |
| Cash at bank and in hand | 54/58 | €1,221 | €1,801 | +€580 | +47.5% |
| Deferred charges and accrued income | 490/1 | - | €147 | +€147 | |
| Total equity and liabilities | 10/49 | €47,663 | €49,839 | +€2,176 | +4.6% |
| Equity | 10/15 | -€86,058 | -€110,593 | -€24,535 | -28.5% |
| Contributions | 10/11 | - | €43,600 | +€43,600 | |
| Profit (loss) carried forward | 14 | -€129,658 | -€154,193 | -€24,535 | -18.9% |
| Amounts payable | 17/49 | €133,721 | €160,432 | +€26,711 | +20.0% |
| Amounts payable within one year | 42/48 | €124,402 | €147,557 | +€23,155 | +18.6% |
| Financial debts | 43 | - | €6,603 | +€6,603 | |
| Credit institutions | 430/8 | - | €6,603 | +€6,603 | |
| Trade debts | 44 | €18,949 | €22,404 | +€3,455 | +18.2% |
| Suppliers | 440/4 | - | €22,404 | +€22,404 | |
| Taxes, remuneration and social security | 45 | - | €35,050 | +€35,050 | |
| Taxes | 450/3 | - | €34,050 | +€34,050 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | - | €83,500 | +€83,500 | |
| Accrued charges and deferred income | 492/3 | - | €12,875 | +€12,875 | |
| Remuneration, social security and pensions | 62 | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €1,857 | -€497 | -21.1% |
| Other operating charges | 640/8 | - | €3,978 | +€3,978 | |
| Gross operating margin | 9900 | -€23,715 | -€2,750 | +€20,965 | +88.4% |
| Operating profit (loss) | 9901 | -€29,925 | -€8,681 | +€21,244 | +71.0% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | €49 | €65 | +€16 | +32.7% |
| Financial charges | 65/66B | - | €4,293 | +€4,293 | |
| Recurring financial charges | 65 | €4,227 | €4,293 | +€66 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,103 | -€12,909 | +€21,194 | +62.1% |
| Income taxes | 67/77 | €49 | €11,626 | +€11,577 | +23626.5% |
| Profit (loss) for the period | 9904 | -€34,152 | -€24,535 | +€9,617 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,152 | -€24,535 | +€9,617 | +28.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.