ART GRAPHICS: 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.
What changed
ART GRAPHICS
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€2,386
2023 · -€5,852+€8,238
Equity
€596,331
2023 · €593,946+€2,386
Cash
€6,320
2023 · €5,909+€411
Balance sheet total
€844,246
2023 · €904,260-€60,013
Largest movements
Assets
- Tangible fixed assets -€66,976
down €66,976 (-7.9%), from €850,983 to €784,007
Equity and liabilities
- Debts after one year -€50,000
down €50,000 (-30.0%), from €166,666 to €116,666
Income statement
- Staff costs -€8,212
down €8,212 (-4.8%), from €170,479 to €162,267
- Gross operating margin -€2,664
down €2,664 (-1.1%), from €249,830 to €247,166
- Financial charges -€2,614
down €2,614 (-19.9%), from €13,117 to €10,503
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.
Result 2023
-€5,852
Gross operating margin
-€2,664
Staff costs
+€8,212
Depreciation
-€371
Other operating charges
+€284
Financial income
+€0
Financial charges
+€2,614
Taxes
+€163
Result 2024
€2,386
raises the resultlowers the result
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.
From operations
+€50,411
Investment
€0
Financing
-€50,000
Cash 2023
€5,909
From operations (derived)
+€50,411
Net result for the year
+€2,386
Depreciation
+€66,976
Receivables within one year
-€8,004
Deferred charges and accrued income
+€1,452
Trade debts
-€3,543
Tax, wage and social debts
-€1,056
Other debts
-€7,799
Financing
-€50,000
Debts after one year
-€50,000
Cash 2024
€6,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,260 | €844,246 | -€60,013 | -6.6% |
| Fixed assets | 21/28 | €851,033 | €784,057 | -€66,976 | -7.9% |
| Tangible fixed assets | 22/27 | €850,983 | €784,007 | -€66,976 | -7.9% |
| Land and buildings | 22 | €850,983 | €784,007 | -€66,976 | -7.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €53,227 | €60,190 | +€6,963 | +13.1% |
| Amounts receivable within one year | 40/41 | €36,194 | €44,197 | +€8,004 | +22.1% |
| Trade receivables | 40 | €24,357 | €39,298 | +€14,941 | +61.3% |
| Other amounts receivable | 41 | €11,836 | €4,899 | -€6,937 | -58.6% |
| Cash at bank and in hand | 54/58 | €5,909 | €6,320 | +€411 | +7.0% |
| Deferred charges and accrued income | 490/1 | €11,124 | €9,672 | -€1,452 | -13.1% |
| Total equity and liabilities | 10/49 | €904,260 | €844,246 | -€60,013 | -6.6% |
| Equity | 10/15 | €593,946 | €596,331 | +€2,386 | +0.4% |
| Contributions | 10/11 | €718,592 | €718,592 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €45,000 | €46,860 | +€1,860 | +4.1% |
| Profit (loss) carried forward | 14 | -€171,506 | -€169,121 | +€2,386 | +1.4% |
| Amounts payable | 17/49 | €310,314 | €247,915 | -€62,399 | -20.1% |
| Amounts payable after more than one year | 17 | €166,666 | €116,666 | -€50,000 | -30.0% |
| Financial debts | 170/4 | €166,666 | €116,666 | -€50,000 | -30.0% |
| Amounts payable within one year | 42/48 | €143,648 | €131,249 | -€12,399 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €14,140 | €10,597 | -€3,543 | -25.1% |
| Suppliers | 440/4 | €14,140 | €10,597 | -€3,543 | -25.1% |
| Taxes, remuneration and social security | 45 | €36,482 | €35,426 | -€1,056 | -2.9% |
| Taxes | 450/3 | €17,891 | €13,831 | -€4,060 | -22.7% |
| Remuneration and social security | 454/9 | €18,592 | €21,595 | +€3,004 | +16.2% |
| Other amounts payable | 47/48 | €43,026 | €35,226 | -€7,799 | -18.1% |
| Remuneration, social security and pensions | 62 | €170,479 | €162,267 | -€8,212 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,606 | €66,976 | +€371 | +0.6% |
| Other operating charges | 640/8 | €5,317 | €5,032 | -€284 | -5.3% |
| Gross operating margin | 9900 | €249,830 | €247,166 | -€2,664 | -1.1% |
| Operating profit (loss) | 9901 | €7,429 | €12,890 | +€5,461 | +73.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,117 | €10,503 | -€2,614 | -19.9% |
| Recurring financial charges | 65 | €13,117 | €10,503 | -€2,614 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,689 | €2,386 | +€8,075 | |
| Income taxes | 67/77 | €164 | €1 | -€163 | -99.6% |
| Profit (loss) for the period | 9904 | -€5,852 | €2,386 | +€8,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,852 | €2,386 | +€8,238 |
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 20 October 2026 via checked.be.