ART & TOITS: 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 & TOITS
Largest movements
- Tangible fixed assets +€31,035
up €31,035 (+316%), from €9,812 to €40,847
of which Furniture and vehicles: +€30,184
- Receivables within one year +€25,441
up €25,441 (+67.4%), from €37,770 to €63,211
of which Trade receivables: +€30,400
- Stocks and contracts -€15,018
down €15,018 (-61.9%), from €24,243 to €9,225
- Cash -€14,917
down €14,917 (-96.0%), from €15,537 to €620
mainly Investment in fixed assets (net) (-€41,272) and Receivables within one year (-€25,441)
- Deferred charges and accrued income -€2,449
down €2,449 (-25.2%), from €9,719 to €7,270
- Debts after one year +€35,814
up €35,814 (+64.7%), from €55,362 to €91,177
- Trade debts -€16,575
down €16,575 (-66.2%), from €25,043 to €8,467
- Profit (loss) carried forward +€4,167
up €4,167 (+42.1%), from -€9,905 to -€5,738
- Current portion of long-term debt +€3,609
new in 2024: €3,609
- Tax, wage and social debts -€2,923
down €2,923 (-49.1%), from €5,959 to €3,036
of which Remuneration and social security: -€3,876
- Staff costs -€33,874
down €33,874 (-62.8%), from €53,980 to €20,106
- Write-downs +€16,792
new in 2024: €16,792
- Depreciation +€5,939
up €5,939 (+138%), from €4,297 to €10,236
- Gross operating margin -€4,039
down €4,039 (-6.3%), from €63,712 to €59,673
- Financial charges +€2,254
up €2,254 (+314%), from €719 to €2,973
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,359 | €121,451 | +€24,092 | +24.7% |
| Fixed assets | 21/28 | €10,089 | €41,125 | +€31,035 | +308% |
| Tangible fixed assets | 22/27 | €9,812 | €40,847 | +€31,035 | +316% |
| Plant, machinery and equipment | 23 | €5,227 | €6,078 | +€851 | +16.3% |
| Furniture and vehicles | 24 | €4,585 | €34,769 | +€30,184 | +658% |
| Financial fixed assets | 28 | €277 | €277 | = | 0.0% |
| Current assets | 29/58 | €87,269 | €80,326 | -€6,943 | -8.0% |
| Stocks and contracts in progress | 3 | €24,243 | €9,225 | -€15,018 | -61.9% |
| Stocks | 30/36 | €24,243 | €9,225 | -€15,018 | -61.9% |
| Amounts receivable within one year | 40/41 | €37,770 | €63,211 | +€25,441 | +67.4% |
| Trade receivables | 40 | €32,811 | €63,211 | +€30,400 | +92.7% |
| Other amounts receivable | 41 | €4,959 | - | -€4,959 | |
| Cash at bank and in hand | 54/58 | €15,537 | €620 | -€14,917 | -96.0% |
| Deferred charges and accrued income | 490/1 | €9,719 | €7,270 | -€2,449 | -25.2% |
| Total equity and liabilities | 10/49 | €97,359 | €121,451 | +€24,092 | +24.7% |
| Equity | 10/15 | €10,995 | €15,162 | +€4,167 | +37.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,905 | -€5,738 | +€4,167 | +42.1% |
| Amounts payable | 17/49 | €86,364 | €106,288 | +€19,925 | +23.1% |
| Amounts payable after more than one year | 17 | €55,362 | €91,177 | +€35,814 | +64.7% |
| Financial debts | 170/4 | €55,362 | €91,177 | +€35,814 | +64.7% |
| Amounts payable within one year | 42/48 | €31,002 | €15,112 | -€15,890 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,609 | +€3,609 | |
| Trade debts | 44 | €25,043 | €8,467 | -€16,575 | -66.2% |
| Suppliers | 440/4 | €25,043 | €8,467 | -€16,575 | -66.2% |
| Taxes, remuneration and social security | 45 | €5,959 | €3,036 | -€2,923 | -49.1% |
| Taxes | 450/3 | €2,083 | €3,036 | +€952 | +45.7% |
| Remuneration and social security | 454/9 | €3,876 | - | -€3,876 | |
| Remuneration, social security and pensions | 62 | €53,980 | €20,106 | -€33,874 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,297 | €10,236 | +€5,939 | +138% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,792 | +€16,792 | |
| Other operating charges | 640/8 | €3,501 | €3,900 | +€399 | +11.4% |
| Gross operating margin | 9900 | €63,712 | €59,673 | -€4,039 | -6.3% |
| Operating profit (loss) | 9901 | €1,934 | €8,638 | +€6,705 | +347% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €719 | €2,973 | +€2,254 | +314% |
| Recurring financial charges | 65 | €719 | €2,973 | +€2,254 | +314% |
| Profit (loss) for the period before taxes | 9903 | €1,215 | €5,668 | +€4,453 | +367% |
| Income taxes | 67/77 | €303 | €1,500 | +€1,197 | +395% |
| Profit (loss) for the period | 9904 | €912 | €4,167 | +€3,256 | +357% |
| Profit (loss) for the period to be appropriated | 9905 | €912 | €4,167 | +€3,256 | +357% |
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 27 October 2026 via checked.be.