ARTE: 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.
ARTE
Largest movements
- Tangible fixed assets +€56,793
up €56,793 (+9.0%), from €632,394 to €689,187
- Receivables within one year -€54,718
down €54,718 (-21.9%), from €250,070 to €195,352
of which Other amounts receivable: -€41,553
- Cash -€41,513
down €41,513 (-66.5%), from €62,430 to €20,917
mainly Debts after one year (-€153,386) and Investment in fixed assets (net) (-€91,172)
- Debts after one year -€153,386
down €153,386 (-46.3%), from €331,292 to €177,906
- Profit (loss) carried forward +€70,217
up €70,217 (+20.4%), from €344,412 to €414,629
- Other debts +€62,291
up €62,291 (+1,947%), from €3,200 to €65,491
- Tax, wage and social debts -€22,730
down €22,730 (-13.6%), from €166,801 to €144,071
- Taxes -€149,838
down €149,838 (-89.8%), from €166,801 to €16,963
- Turnover +€130,208
new in 2023: €130,208
- Gross operating margin +€71,669
up €71,669 (+136%), from €52,521 to €124,190
- Purchases and services -€14,055
no longer reported in 2023 (was €14,055)
- Depreciation +€2,811
up €2,811 (+8.9%), from €31,568 to €34,379
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,394 | €905,456 | -€39,938 | -4.2% |
| Fixed assets | 21/28 | €632,394 | €689,187 | +€56,793 | +9.0% |
| Tangible fixed assets | 22/27 | €632,394 | €689,187 | +€56,793 | +9.0% |
| Land and buildings | 22 | €632,394 | €689,187 | +€56,793 | +9.0% |
| Current assets | 29/58 | €313,000 | €216,269 | -€96,731 | -30.9% |
| Amounts receivable within one year | 40/41 | €250,070 | €195,352 | -€54,718 | -21.9% |
| Trade receivables | 40 | €17,183 | €4,018 | -€13,165 | -76.6% |
| Other amounts receivable | 41 | €232,887 | €191,334 | -€41,553 | -17.8% |
| Cash at bank and in hand | 54/58 | €62,430 | €20,917 | -€41,513 | -66.5% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €945,394 | €905,456 | -€39,938 | -4.2% |
| Equity | 10/15 | €405,912 | €476,129 | +€70,217 | +17.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,412 | €414,629 | +€70,217 | +20.4% |
| Amounts payable | 17/49 | €539,481 | €429,327 | -€110,154 | -20.4% |
| Amounts payable after more than one year | 17 | €331,292 | €177,906 | -€153,386 | -46.3% |
| Financial debts | 170/4 | €331,292 | €177,906 | -€153,386 | -46.3% |
| Amounts payable within one year | 42/48 | €208,189 | €251,421 | +€43,232 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €18,963 | €18,795 | -€168 | -0.9% |
| Trade debts | 44 | €19,226 | €23,064 | +€3,838 | +20.0% |
| Suppliers | 440/4 | €19,226 | €23,064 | +€3,838 | +20.0% |
| Taxes, remuneration and social security | 45 | €166,801 | €144,071 | -€22,730 | -13.6% |
| Taxes | 450/3 | €166,801 | €144,071 | -€22,730 | -13.6% |
| Other amounts payable | 47/48 | €3,200 | €65,491 | +€62,291 | +1,947% |
| Turnover | 70 | - | €130,208 | +€130,208 | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,055 | - | -€14,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,568 | €34,379 | +€2,811 | +8.9% |
| Other operating charges | 640/8 | €3,194 | €1,865 | -€1,329 | -41.6% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €52,521 | €124,190 | +€71,669 | +136% |
| Operating profit (loss) | 9901 | €17,758 | €87,446 | +€69,688 | +392% |
| Financial income | 75/76B | €6,783 | €6,152 | -€631 | -9.3% |
| Recurring financial income | 75 | €6,783 | €6,152 | -€631 | -9.3% |
| Financial charges | 65/66B | €4,961 | €6,418 | +€1,457 | +29.4% |
| Recurring financial charges | 65 | €4,961 | €6,418 | +€1,457 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €19,580 | €87,180 | +€67,600 | +345% |
| Transfer from deferred taxes | 780 | €155,172 | - | -€155,172 | |
| Income taxes | 67/77 | €166,801 | €16,963 | -€149,838 | -89.8% |
| Profit (loss) for the period | 9904 | €7,951 | €70,217 | +€62,266 | +783% |
| Transfer from tax-exempt reserves | 789 | €275,862 | - | -€275,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €283,813 | €70,217 | -€213,596 | -75.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.