ARTE POVERE: 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 POVERE
Largest movements
- Current investments -€21,550
down €21,550 (-47.9%), from €44,980 to €23,431
- Receivables within one year +€17,614
up €17,614 (+50.7%), from €34,744 to €52,358
of which Other amounts receivable: +€17,614
- Cash -€9,781
down €9,781 (-74.2%), from €13,181 to €3,400
mainly Receivables within one year (-€17,614) and Net result for the year (-€7,798)
- Profit (loss) carried forward -€7,798
down €7,798 (-36.7%), from -€21,268 to -€29,066
- Other debts -€4,310
no longer reported in 2024 (was €4,310)
- Trade debts -€1,299
down €1,299 (-48.3%), from €2,689 to €1,390
- Gross operating margin +€12,630
up €12,630 (+64.4%), from -€19,625 to -€6,995
- Depreciation -€1,020
no longer reported in 2024 (was €1,020)
- Taxes -€462
no longer reported in 2024 (was €462)
- Other operating charges +€310
up €310 (+80.7%), from €384 to €695
- Financial charges +€265
up €265 (+3,311%), from €8 to €273
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 | €92,905 | €79,189 | -€13,716 | -14.8% |
| Current assets | 29/58 | €92,905 | €79,189 | -€13,716 | -14.8% |
| Amounts receivable within one year | 40/41 | €34,744 | €52,358 | +€17,614 | +50.7% |
| Trade receivables | 40 | €32,912 | €32,912 | = | 0.0% |
| Other amounts receivable | 41 | €1,832 | €19,446 | +€17,614 | +962% |
| Current investments | 50/53 | €44,980 | €23,431 | -€21,550 | -47.9% |
| Cash at bank and in hand | 54/58 | €13,181 | €3,400 | -€9,781 | -74.2% |
| Total equity and liabilities | 10/49 | €92,905 | €79,189 | -€13,716 | -14.8% |
| Equity | 10/15 | €85,201 | €77,403 | -€7,798 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,869 | €87,869 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,020 | €20,020 | = | 0.0% |
| Distributable reserves | 133 | €67,848 | €67,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,268 | -€29,066 | -€7,798 | -36.7% |
| Amounts payable | 17/49 | €7,704 | €1,786 | -€5,919 | -76.8% |
| Amounts payable within one year | 42/48 | €7,704 | €1,786 | -€5,919 | -76.8% |
| Trade debts | 44 | €2,689 | €1,390 | -€1,299 | -48.3% |
| Suppliers | 440/4 | €2,689 | €1,390 | -€1,299 | -48.3% |
| Taxes, remuneration and social security | 45 | €705 | €396 | -€310 | -43.9% |
| Taxes | 450/3 | €705 | €396 | -€310 | -43.9% |
| Other amounts payable | 47/48 | €4,310 | - | -€4,310 | |
| Non-recurring operating income | 76A | - | €3,092 | +€3,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | - | -€1,020 | |
| Other operating charges | 640/8 | €384 | €695 | +€310 | +80.7% |
| Gross operating margin | 9900 | -€19,625 | -€6,995 | +€12,630 | +64.4% |
| Operating profit (loss) | 9901 | -€21,030 | -€7,690 | +€13,340 | +63.4% |
| Financial income | 75/76B | €232 | €165 | -€67 | -29.0% |
| Recurring financial income | 75 | €232 | €165 | -€67 | -29.0% |
| Financial charges | 65/66B | €8 | €273 | +€265 | +3,311% |
| Recurring financial charges | 65 | €8 | €273 | +€265 | +3,311% |
| Profit (loss) for the period before taxes | 9903 | -€20,806 | -€7,798 | +€13,008 | +62.5% |
| Income taxes | 67/77 | €462 | - | -€462 | |
| Profit (loss) for the period | 9904 | -€21,268 | -€7,798 | +€13,470 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,268 | -€7,798 | +€13,470 | +63.3% |
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 16 October 2026 via checked.be.