art2work: 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.
art2work
Largest movements
- Cash +€163,192
up €163,192 (+115.6%), from €141,141 to €304,333
mainly Net result for the year (+€88,542) and Accrued charges and deferred income (+€75,913)
- Tangible fixed assets -€42,872
down €42,872 (-39.8%), from €107,626 to €64,753
- Receivables within one year -€37,135
down €37,135 (-8.7%), from €426,081 to €388,946
of which Other amounts receivable: -€47,455
- Accrued charges and deferred income +€75,913
up €75,913 (+119.4%), from €63,587 to €139,500
- Reserves +€50,000
up €50,000 (+25.6%), from €195,000 to €245,000
- Investment grants -€41,867
down €41,867 (-40.1%), from €104,367 to €62,500
- Profit (loss) carried forward +€38,542
up €38,542 (+37.2%), from €103,642 to €142,184
- Debts within one year -€34,965
down €34,965 (-16.5%), from €212,456 to €177,491
of which Trade debts: -€34,867
- Gross operating margin +€59,566
up €59,566 (+4.7%), from €1.3m to €1.3m
- Staff costs +€56,402
up €56,402 (+4.9%), from €1.1m to €1.2m
- Purchases and services +€51,541
up €51,541 (+28.4%), from €181,254 to €232,795
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 | €679,053 | €766,675 | +€87,623 | +12.9% |
| Fixed assets | 21/28 | €111,830 | €68,958 | -€42,872 | -38.3% |
| Tangible fixed assets | 22/27 | €107,626 | €64,753 | -€42,872 | -39.8% |
| Other tangible fixed assets | 26 | €107,626 | €64,753 | -€42,872 | -39.8% |
| Financial fixed assets | 28 | €4,205 | €4,205 | = | 0.0% |
| Current assets | 29/58 | €567,222 | €697,717 | +€130,495 | +23.0% |
| Amounts receivable within one year | 40/41 | €426,081 | €388,946 | -€37,135 | -8.7% |
| Trade receivables | 40 | €33,964 | €44,284 | +€10,320 | +30.4% |
| Other amounts receivable | 41 | €392,117 | €344,662 | -€47,455 | -12.1% |
| Cash at bank and in hand | 54/58 | €141,141 | €304,333 | +€163,192 | +115.6% |
| Deferred charges and accrued income | 490/1 | - | €4,438 | +€4,438 | |
| Total equity and liabilities | 10/49 | €679,053 | €766,675 | +€87,623 | +12.9% |
| Equity | 10/15 | €403,009 | €449,684 | +€46,675 | +11.6% |
| Reserves | 13 | €195,000 | €245,000 | +€50,000 | +25.6% |
| Profit (loss) carried forward | 14 | €103,642 | €142,184 | +€38,542 | +37.2% |
| Investment grants | 15 | €104,367 | €62,500 | -€41,867 | -40.1% |
| Amounts payable | 17/49 | €276,044 | €316,991 | +€40,948 | +14.8% |
| Amounts payable within one year | 42/48 | €212,456 | €177,491 | -€34,965 | -16.5% |
| Trade debts | 44 | €48,617 | €13,750 | -€34,867 | -71.7% |
| Suppliers | 440/4 | €48,617 | €13,750 | -€34,867 | -71.7% |
| Taxes, remuneration and social security | 45 | €115,465 | €115,347 | -€118 | -0.1% |
| Remuneration and social security | 454/9 | €115,465 | €115,347 | -€118 | -0.1% |
| Accrued charges and deferred income | 492/3 | €63,587 | €139,500 | +€75,913 | +119.4% |
| Turnover | 70 | €170,632 | €167,145 | -€3,487 | -2.0% |
| Non-recurring operating income | 76A | - | €562 | +€562 | |
| Goods, raw materials, services and sundry goods | 60/61 | €181,254 | €232,795 | +€51,541 | +28.4% |
| Remuneration, social security and pensions | 62 | €1,146,735 | €1,203,138 | +€56,402 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,908 | €42,872 | -€2,035 | -4.5% |
| Other operating charges | 640/8 | €379 | €588 | +€209 | +55.1% |
| Gross operating margin | 9900 | €1,275,655 | €1,335,221 | +€59,566 | +4.7% |
| Operating profit (loss) | 9901 | €83,633 | €88,623 | +€4,990 | +6.0% |
| Financial income | 75/76B | €219 | €345 | +€126 | +57.7% |
| Recurring financial income | 75 | €219 | €345 | +€126 | +57.7% |
| Financial charges | 65/66B | €2,532 | €426 | -€2,106 | -83.2% |
| Recurring financial charges | 65 | €2,532 | €426 | -€2,106 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | €81,320 | €88,542 | +€7,222 | +8.9% |
| Profit (loss) for the period | 9904 | €81,320 | €88,542 | +€7,222 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,320 | €88,542 | +€7,222 | +8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.