ART ISSIMO: 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 ISSIMO
Largest movements
- Tangible fixed assets -€3,245
down €3,245 (-24.1%), from €13,473 to €10,228
- Cash +€2,976
up €2,976 (+124.8%), from €2,385 to €5,361
mainly Net result for the year (+€10,131) and Depreciation (+€3,245)
- Stocks and contracts -€192
no longer reported in 2019 (was €192)
- Debts within one year -€10,552
down €10,552 (-85.0%), from €12,420 to €1,868
- Profit (loss) carried forward +€10,131
up €10,131 (+61.8%), from -€16,388 to -€6,257
- Gross operating margin +€6,745
up €6,745 (+101.7%), from €6,631 to €13,376
- Depreciation -€311
down €311 (-8.7%), from €3,556 to €3,245
From the 2018 result to the 2019 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
Derived from the 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,032 | €17,611 | -€421 | -2.3% |
| Fixed assets | 21/28 | €13,473 | €10,228 | -€3,245 | -24.1% |
| Tangible fixed assets | 22/27 | €13,473 | €10,228 | -€3,245 | -24.1% |
| Current assets | 29/58 | €4,559 | €7,383 | +€2,824 | +61.9% |
| Stocks and contracts in progress | 3 | €192 | - | -€192 | |
| Amounts receivable within one year | 40/41 | €1,982 | €2,022 | +€40 | +2.0% |
| Cash at bank and in hand | 54/58 | €2,385 | €5,361 | +€2,976 | +124.8% |
| Total equity and liabilities | 10/49 | €18,032 | €17,611 | -€421 | -2.3% |
| Equity | 10/15 | €5,612 | €15,743 | +€10,131 | +180.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,388 | -€6,257 | +€10,131 | +61.8% |
| Amounts payable | 17/49 | €12,420 | €1,868 | -€10,552 | -85.0% |
| Amounts payable within one year | 42/48 | €12,420 | €1,868 | -€10,552 | -85.0% |
| Trade debts | 44 | - | €204 | +€204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,556 | €3,245 | -€311 | -8.7% |
| Gross operating margin | 9900 | €6,631 | €13,376 | +€6,745 | +101.7% |
| Operating profit (loss) | 9901 | €1,781 | €10,131 | +€8,350 | +468.8% |
| Recurring financial charges | 65 | €830 | - | -€830 | |
| Profit (loss) for the period before taxes | 9903 | €951 | €10,131 | +€9,180 | +965.3% |
| Profit (loss) for the period | 9904 | €951 | €10,131 | +€9,180 | +965.3% |
| Profit (loss) for the period to be appropriated | 9905 | €951 | €10,131 | +€9,180 | +965.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.