ART WORKER: 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 WORKER
Largest movements
- Current assets -€56,410
down €56,410 (-30.4%), from €185,825 to €129,415
of which Receivables within one year: -€56,004
- Tangible fixed assets -€9,269
down €9,269 (-12.2%), from €76,201 to €66,932
- Equity -€45,767
down €45,767 (-80.4%), from €56,928 to €11,161
of which Profit (loss) carried forward: -€45,767
- Debts after one year -€16,612
down €16,612 (-28.8%), from €57,692 to €41,080
- Gross operating margin -€93,782
down €93,782 (-71.8%), from €130,585 to €36,803
- Depreciation -€19,300
down €19,300 (-52.7%), from €36,609 to €17,308
- Taxes -€2,738
down €2,738 (-90.6%), from €3,021 to €283
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,147 | €199,972 | -€64,175 | -24.3% |
| Fixed assets | 21/28 | €78,321 | €70,557 | -€7,765 | -9.9% |
| Intangible fixed assets | 21 | €1,120 | €2,625 | +€1,505 | +134.3% |
| Tangible fixed assets | 22/27 | €76,201 | €66,932 | -€9,269 | -12.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €185,825 | €129,415 | -€56,410 | -30.4% |
| Amounts receivable within one year | 40/41 | €179,804 | €123,800 | -€56,004 | -31.1% |
| Cash at bank and in hand | 54/58 | €4,517 | €4,424 | -€93 | -2.1% |
| Total equity and liabilities | 10/49 | €264,147 | €199,972 | -€64,175 | -24.3% |
| Equity | 10/15 | €56,928 | €11,161 | -€45,767 | -80.4% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,328 | -€19,439 | -€45,767 | |
| Amounts payable | 17/49 | €207,219 | €188,811 | -€18,408 | -8.9% |
| Amounts payable after more than one year | 17 | €57,692 | €41,080 | -€16,612 | -28.8% |
| Amounts payable within one year | 42/48 | €149,527 | €147,731 | -€1,796 | -1.2% |
| Trade debts | 44 | €100,074 | €95,772 | -€4,302 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,609 | €17,308 | -€19,300 | -52.7% |
| Gross operating margin | 9900 | €130,585 | €36,803 | -€93,782 | -71.8% |
| Operating profit (loss) | 9901 | -€12,273 | -€42,221 | -€29,947 | -244.0% |
| Recurring financial income | 75 | €45 | €1,060 | +€1,016 | +2260.2% |
| Recurring financial charges | 65 | €2,557 | €4,324 | +€1,767 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,785 | -€45,484 | -€30,698 | -207.6% |
| Income taxes | 67/77 | €3,021 | €283 | -€2,738 | -90.6% |
| Profit (loss) for the period | 9904 | -€17,806 | -€45,767 | -€27,961 | -157.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,806 | -€45,767 | -€27,961 | -157.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.