Art et Co: what changed
What changed
Art et Co
filed annual accounts (NBB)
Net result for the year
€120,667
2023 · €151,768-€31,101
Equity
€449,045
2023 · €388,378+€60,667
Cash
€73,812
2023 · €74,318-€506
Balance sheet total
€633,459
2023 · €537,504+€95,955
Largest movements
Assets
- Receivables within one year +€95,568
up €95,568 (+21.5%), from €444,847 to €540,415
of which Other amounts receivable: +€163,596
Equity and liabilities
- Tax, wage and social debts +€39,064
up €39,064 (+31.5%), from €123,934 to €162,998
- Reserves +€33,000
up €33,000 (+120%), from €27,509 to €60,509
of which Non-distributable reserves: +€33,000
- Profit (loss) carried forward +€27,667
up €27,667 (+8.1%), from €342,277 to €369,944
Income statement
- Gross operating margin -€21,125
down €21,125 (-10.4%), from €203,231 to €182,106
- Financial income -€10,426
down €10,426 (-97.8%), from €10,665 to €239
- Other operating charges -€9,015
down €9,015 (-55.2%), from €16,324 to €7,309
- Taxes +€5,700
up €5,700 (+15.0%), from €37,953 to €43,653
- Financial charges +€2,048
up €2,048 (+38.3%), from €5,343 to €7,391
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€151,768
Gross operating margin
-€21,125
Depreciation
-€817
Other operating charges
+€9,015
Financial income
-€10,426
Financial charges
-€2,048
Taxes
-€5,700
Result 2024
€120,667
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60,646
Investment
-€1,814
Financing
-€59,339
Cash 2023
€74,318
From operations (derived)
+€60,646
Net result for the year
+€120,667
Depreciation
+€3,325
Smaller working-capital items
-€160
Receivables within one year
-€95,568
Deferred charges and accrued income
-€2,471
Trade debts
-€4,210
Tax, wage and social debts
+€39,064
Investment (derived)
-€1,814
Investment in fixed assets (net)
-€1,814
Financing
-€59,339
Short-term financial debts
+€661
Contributions, distributions and other
-€60,000
Cash 2024
€73,812
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,504 | €633,459 | +€95,955 | +17.9% |
| Fixed assets | 21/28 | €12,967 | €11,456 | -€1,511 | -11.7% |
| Tangible fixed assets | 22/27 | €11,517 | €9,944 | -€1,573 | -13.7% |
| Plant, machinery and equipment | 23 | €5,541 | €4,173 | -€1,368 | -24.7% |
| Furniture and vehicles | 24 | €5,976 | €5,771 | -€205 | -3.4% |
| Financial fixed assets | 28 | €1,450 | €1,512 | +€62 | +4.3% |
| Current assets | 29/58 | €524,537 | €622,003 | +€97,466 | +18.6% |
| Stocks and contracts in progress | 3 | €4,067 | €4,000 | -€67 | -1.6% |
| Stocks | 30/36 | €4,067 | €4,000 | -€67 | -1.6% |
| Amounts receivable within one year | 40/41 | €444,847 | €540,415 | +€95,568 | +21.5% |
| Trade receivables | 40 | €87,519 | €19,492 | -€68,028 | -77.7% |
| Other amounts receivable | 41 | €357,327 | €520,923 | +€163,596 | +45.8% |
| Cash at bank and in hand | 54/58 | €74,318 | €73,812 | -€506 | -0.7% |
| Deferred charges and accrued income | 490/1 | €1,305 | €3,777 | +€2,471 | +189% |
| Total equity and liabilities | 10/49 | €537,504 | €633,459 | +€95,955 | +17.9% |
| Equity | 10/15 | €388,378 | €449,045 | +€60,667 | +15.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,509 | €60,509 | +€33,000 | +120% |
| Non-distributable reserves | 130/1 | - | €33,000 | +€33,000 | |
| Other | 1319 | - | €33,000 | +€33,000 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €8,759 | €8,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €342,277 | €369,944 | +€27,667 | +8.1% |
| Amounts payable | 17/49 | €149,126 | €184,415 | +€35,288 | +23.7% |
| Amounts payable within one year | 42/48 | €148,900 | €184,415 | +€35,515 | +23.9% |
| Financial debts | 43 | €9,268 | €9,929 | +€661 | +7.1% |
| Credit institutions | 430/8 | €9,268 | €9,929 | +€661 | +7.1% |
| Trade debts | 44 | €15,698 | €11,488 | -€4,210 | -26.8% |
| Suppliers | 440/4 | €15,698 | €11,488 | -€4,210 | -26.8% |
| Taxes, remuneration and social security | 45 | €123,934 | €162,998 | +€39,064 | +31.5% |
| Taxes | 450/3 | €123,934 | €162,998 | +€39,064 | +31.5% |
| Accrued charges and deferred income | 492/3 | €227 | - | -€227 | |
| Non-recurring operating income | 76A | €23,241 | - | -€23,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,507 | €3,325 | +€817 | +32.6% |
| Other operating charges | 640/8 | €16,324 | €7,309 | -€9,015 | -55.2% |
| Gross operating margin | 9900 | €203,231 | €182,106 | -€21,125 | -10.4% |
| Operating profit (loss) | 9901 | €184,400 | €171,472 | -€12,927 | -7.0% |
| Financial income | 75/76B | €10,665 | €239 | -€10,426 | -97.8% |
| Recurring financial income | 75 | €10,665 | €239 | -€10,426 | -97.8% |
| Financial charges | 65/66B | €5,343 | €7,391 | +€2,048 | +38.3% |
| Recurring financial charges | 65 | €5,343 | €7,391 | +€2,048 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €189,721 | €164,320 | -€25,401 | -13.4% |
| Income taxes | 67/77 | €37,953 | €43,653 | +€5,700 | +15.0% |
| Profit (loss) for the period | 9904 | €151,768 | €120,667 | -€31,101 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €151,768 | €120,667 | -€31,101 | -20.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.