art's construct: 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.
art's construct
Largest movements
- Receivables within one year -€15,831
down €15,831 (-47.9%), from €33,025 to €17,194
of which Trade receivables: -€15,531
- Cash -€10,061
down €10,061 (-30.9%), from €32,602 to €22,541
mainly Trade debts (-€15,316) and Tax, wage and social debts (-€8,661)
- Tangible fixed assets +€2,724
up €2,724 (+43.0%), from €6,330 to €9,054
of which Furniture and vehicles: +€3,368
- Reserves +€28,106
new in 2024: €28,106
- Profit (loss) carried forward -€27,543
down €27,543 (-100.0%), from €27,543 to €0
- Trade debts -€15,316
down €15,316 (-81.5%), from €18,788 to €3,472
- Tax, wage and social debts -€8,661
down €8,661 (-48.6%), from €17,838 to €9,177
of which Taxes: -€12,116
- Other debts +€5,767
new in 2024: €5,767
- Staff costs +€16,463
up €16,463 (+107.3%), from €15,348 to €31,811
- Gross operating margin +€4,562
up €4,562 (+13.0%), from €35,183 to €39,745
- Taxes -€2,311
down €2,311 (-65.3%), from €3,539 to €1,228
- Depreciation +€1,430
up €1,430 (+77.5%), from €1,844 to €3,274
- Financial charges +€527
up €527 (+147.2%), from €358 to €885
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,957 | €49,522 | -€22,435 | -31.2% |
| Fixed assets | 21/28 | €6,330 | €9,597 | +€3,267 | +51.6% |
| Tangible fixed assets | 22/27 | €6,330 | €9,054 | +€2,724 | +43.0% |
| Plant, machinery and equipment | 23 | €6,007 | €5,363 | -€644 | -10.7% |
| Furniture and vehicles | 24 | €323 | €3,691 | +€3,368 | +1042.7% |
| Financial fixed assets | 28 | - | €543 | +€543 | |
| Current assets | 29/58 | €65,627 | €39,925 | -€25,702 | -39.2% |
| Amounts receivable within one year | 40/41 | €33,025 | €17,194 | -€15,831 | -47.9% |
| Trade receivables | 40 | €23,534 | €8,003 | -€15,531 | -66.0% |
| Other amounts receivable | 41 | €9,491 | €9,191 | -€300 | -3.2% |
| Cash at bank and in hand | 54/58 | €32,602 | €22,541 | -€10,061 | -30.9% |
| Deferred charges and accrued income | 490/1 | - | €190 | +€190 | |
| Total equity and liabilities | 10/49 | €71,957 | €49,522 | -€22,435 | -31.2% |
| Equity | 10/15 | €30,543 | €31,106 | +€563 | +1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | - | €28,106 | +€28,106 | |
| Distributable reserves | 133 | - | €28,106 | +€28,106 | |
| Profit (loss) carried forward | 14 | €27,543 | €0 | -€27,543 | -100.0% |
| Amounts payable | 17/49 | €41,414 | €18,416 | -€22,998 | -55.5% |
| Amounts payable within one year | 42/48 | €41,178 | €18,416 | -€22,762 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €4,552 | - | -€4,552 | |
| Trade debts | 44 | €18,788 | €3,472 | -€15,316 | -81.5% |
| Suppliers | 440/4 | €18,788 | €3,472 | -€15,316 | -81.5% |
| Taxes, remuneration and social security | 45 | €17,838 | €9,177 | -€8,661 | -48.6% |
| Taxes | 450/3 | €14,633 | €2,517 | -€12,116 | -82.8% |
| Remuneration and social security | 454/9 | €3,205 | €6,660 | +€3,455 | +107.8% |
| Other amounts payable | 47/48 | - | €5,767 | +€5,767 | |
| Accrued charges and deferred income | 492/3 | €236 | - | -€236 | |
| Remuneration, social security and pensions | 62 | €15,348 | €31,811 | +€16,463 | +107.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,844 | €3,274 | +€1,430 | +77.5% |
| Other operating charges | 640/8 | €1,870 | €2,180 | +€310 | +16.6% |
| Non-recurring operating charges | 66A | €2,834 | - | -€2,834 | |
| Gross operating margin | 9900 | €35,183 | €39,745 | +€4,562 | +13.0% |
| Operating profit (loss) | 9901 | €13,287 | €2,480 | -€10,807 | -81.3% |
| Financial income | 75/76B | €31 | €195 | +€164 | +529.0% |
| Recurring financial income | 75 | €31 | €20 | -€11 | -35.5% |
| Non-recurring financial income | 76B | - | €175 | +€175 | |
| Financial charges | 65/66B | €358 | €885 | +€527 | +147.2% |
| Recurring financial charges | 65 | €358 | €885 | +€527 | +147.2% |
| Profit (loss) for the period before taxes | 9903 | €12,960 | €1,790 | -€11,170 | -86.2% |
| Income taxes | 67/77 | €3,539 | €1,228 | -€2,311 | -65.3% |
| Profit (loss) for the period | 9904 | €9,421 | €562 | -€8,859 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,421 | €562 | -€8,859 | -94.0% |
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 9 October 2026 via checked.be.