ART LUGGAGE: what changed
What changed
ART LUGGAGE
filed annual accounts (NBB)
Net result for the year
-€97,368
2022 · -€82,275-€15,093
Equity
-€84,868
2022 · -€84,504-€364
Cash
€319
2022 · €949-€630
Balance sheet total
€19,321
2022 · €20,208-€887
Largest movements
Assets
- Cash -€630
down €630 (-66.4%), from €949 to €319
mainly Net result for the year (-€97,368) and Trade debts (-€3,852)
- Tangible fixed assets -€275
down €275 (-25.0%), from €1,100 to €825
Equity and liabilities
- Trade debts -€3,852
down €3,852 (-26.5%), from €14,562 to €10,710
- Accrued charges and deferred income +€3,329
new in 2023: €3,329
- Profit (loss) carried forward -€364
down €364 (-0.4%), from -€97,004 to -€97,368
Income statement
- Gross operating margin -€20,474
down €20,474 (-26.7%), from -€76,619 to -€97,093
Change in the result, 2022 to 2023
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 2022
-€82,275
Gross operating margin
-€20,474
Depreciation
-€274
Other operating charges
+€225
Other operating items
+€5,430
Result 2023
-€97,368
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€97,634
Investment
-€0
Financing
+€97,004
Cash 2022
€949
From operations (derived)
-€97,634
Net result for the year
-€97,368
Depreciation
+€275
Smaller working-capital items
-€18
Trade debts
-€3,852
Accrued charges and deferred income
+€3,329
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
+€97,004
Contributions, distributions and other
+€97,004
Cash 2023
€319
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,208 | €19,321 | -€887 | -4.4% |
| Fixed assets | 21/28 | €1,100 | €825 | -€275 | -25.0% |
| Tangible fixed assets | 22/27 | €1,100 | €825 | -€275 | -25.0% |
| Other tangible fixed assets | 26 | €1,100 | €825 | -€275 | -25.0% |
| Current assets | 29/58 | €19,108 | €18,496 | -€612 | -3.2% |
| Stocks and contracts in progress | 3 | €16,737 | €16,737 | +€0 | 0.0% |
| Stocks | 30/36 | €16,737 | €16,737 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,422 | €1,440 | +€18 | +1.3% |
| Other amounts receivable | 41 | €1,422 | €1,440 | +€18 | +1.3% |
| Cash at bank and in hand | 54/58 | €949 | €319 | -€630 | -66.4% |
| Total equity and liabilities | 10/49 | €20,208 | €19,321 | -€887 | -4.4% |
| Equity | 10/15 | -€84,504 | -€84,868 | -€364 | -0.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,004 | -€97,368 | -€364 | -0.4% |
| Amounts payable | 17/49 | €104,712 | €104,189 | -€523 | -0.5% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,712 | €70,860 | -€3,852 | -5.2% |
| Trade debts | 44 | €14,562 | €10,710 | -€3,852 | -26.5% |
| Suppliers | 440/4 | €14,562 | €10,710 | -€3,852 | -26.5% |
| Other amounts payable | 47/48 | €60,150 | €60,150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3,329 | +€3,329 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €89 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €275 | +€274 | +36,567% |
| Other operating charges | 640/8 | €225 | - | -€225 | |
| Non-recurring operating charges | 66A | €5,430 | - | -€5,430 | |
| Gross operating margin | 9900 | -€76,619 | -€97,093 | -€20,474 | -26.7% |
| Operating profit (loss) | 9901 | -€82,275 | -€97,368 | -€15,093 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€82,275 | -€97,368 | -€15,093 | -18.3% |
| Profit (loss) for the period | 9904 | -€82,275 | -€97,368 | -€15,093 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,275 | -€97,368 | -€15,093 | -18.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.