ARTE OFFICES: what changed
What changed
ARTE OFFICES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€1.1m
2021 · €1.0m+€51,177
Equity
€5.9m
2021 · €4.8m+€1.1m
Cash
€175,995
2021 · €335,872-€159,877
Balance sheet total
€30.8m
2021 · €31.0m-€225,968
Largest movements
Assets
- Tangible fixed assets -€825,491
down €825,491 (-4.6%), from €17.8m to €17.0m
of which Land and buildings: -€828,404
- Receivables within one year +€436,598
up €436,598 (+3.7%), from €11.8m to €12.2m
of which Trade receivables: +€235,029
- Deferred charges and accrued income +€322,802
up €322,802 (+29.4%), from €1.1m to €1.4m
Equity and liabilities
- Debts after one year -€1.6m
down €1.6m (-6.8%), from €23.4m to €21.8m
- Profit (loss) carried forward +€1.1m
up €1.1m (+27.4%), from €3.9m to €4.9m
Income statement
- Taxes +€191,987
up €191,987 (+58.4%), from €328,755 to €520,742
- Gross operating margin +€162,280
up €162,280 (+6.8%), from €2.4m to €2.6m
- Financial charges -€60,391
down €60,391 (-14.5%), from €415,195 to €354,804
- Financial income +€29,007
up €29,007 (+9.1%), from €317,516 to €346,523
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2021
€1.0m
Gross operating margin
+€162,280
Depreciation
-€5,222
Other operating charges
-€3,292
Financial income
+€29,007
Financial charges
+€60,391
Taxes
-€191,987
Result 2022
€1.1m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€9,801
Financing
-€1.6m
Cash 2021
€335,872
From operations (derived)
+€1.5m
Net result for the year
+€1.1m
Depreciation
+€835,292
Receivables within one year
-€436,598
Deferred charges and accrued income
-€322,802
Trade debts
-€26,195
Tax, wage and social debts
+€139,310
Accrued charges and deferred income
+€206,911
Investment (derived)
-€9,801
Investment in fixed assets (net)
-€9,801
Financing
-€1.6m
Debts after one year
-€1.6m
Cash 2022
€175,995
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,998,933 | €30,772,964 | -€225,968 | -0.7% |
| Fixed assets | 21/28 | €17,800,188 | €16,974,697 | -€825,491 | -4.6% |
| Tangible fixed assets | 22/27 | €17,800,188 | €16,974,697 | -€825,491 | -4.6% |
| Land and buildings | 22 | €17,761,621 | €16,933,217 | -€828,404 | -4.7% |
| Plant, machinery and equipment | 23 | €38,567 | €41,480 | +€2,913 | +7.6% |
| Current assets | 29/58 | €13,198,745 | €13,798,267 | +€599,523 | +4.5% |
| Amounts receivable within one year | 40/41 | €11,764,357 | €12,200,955 | +€436,598 | +3.7% |
| Trade receivables | 40 | €54,738 | €289,766 | +€235,029 | +429% |
| Other amounts receivable | 41 | €11,709,619 | €11,911,189 | +€201,570 | +1.7% |
| Cash at bank and in hand | 54/58 | €335,872 | €175,995 | -€159,877 | -47.6% |
| Deferred charges and accrued income | 490/1 | €1,098,516 | €1,421,318 | +€322,802 | +29.4% |
| Total equity and liabilities | 10/49 | €30,998,933 | €30,772,964 | -€225,968 | -0.7% |
| Equity | 10/15 | €4,793,401 | €5,852,407 | +€1.1m | +22.1% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,858,401 | €4,917,407 | +€1.1m | +27.4% |
| Amounts payable | 17/49 | €26,205,532 | €24,920,557 | -€1.3m | -4.9% |
| Amounts payable after more than one year | 17 | €23,433,750 | €21,828,750 | -€1.6m | -6.8% |
| Financial debts | 170/4 | €23,433,750 | €21,828,750 | -€1.6m | -6.8% |
| Amounts payable within one year | 42/48 | €2,338,164 | €2,451,278 | +€113,115 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €1,605,000 | €1,605,000 | = | 0.0% |
| Trade debts | 44 | €141,083 | €114,888 | -€26,195 | -18.6% |
| Suppliers | 440/4 | €141,083 | €114,888 | -€26,195 | -18.6% |
| Taxes, remuneration and social security | 45 | €592,081 | €731,390 | +€139,310 | +23.5% |
| Taxes | 450/3 | €592,081 | €731,390 | +€139,310 | +23.5% |
| Accrued charges and deferred income | 492/3 | €433,618 | €640,529 | +€206,911 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830,069 | €835,292 | +€5,222 | +0.6% |
| Other operating charges | 640/8 | €139,585 | €142,876 | +€3,292 | +2.4% |
| Gross operating margin | 9900 | €2,403,916 | €2,566,197 | +€162,280 | +6.8% |
| Operating profit (loss) | 9901 | €1,434,262 | €1,588,028 | +€153,766 | +10.7% |
| Financial income | 75/76B | €317,516 | €346,523 | +€29,007 | +9.1% |
| Recurring financial income | 75 | €317,516 | €346,523 | +€29,007 | +9.1% |
| Financial charges | 65/66B | €415,195 | €354,804 | -€60,391 | -14.5% |
| Recurring financial charges | 65 | €415,195 | €354,804 | -€60,391 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,336,583 | €1,579,748 | +€243,165 | +18.2% |
| Income taxes | 67/77 | €328,755 | €520,742 | +€191,987 | +58.4% |
| Profit (loss) for the period | 9904 | €1,007,829 | €1,059,006 | +€51,177 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,007,829 | €1,059,006 | +€51,177 | +5.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.