ArtEfil: 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.
ArtEfil
Largest movements
- Receivables within one year +€9,907
up €9,907 (+40.5%), from €24,446 to €34,354
of which Trade receivables: +€8,470
- Tangible fixed assets -€3,606
down €3,606 (-11.1%), from €32,549 to €28,942
of which Other tangible fixed assets: -€4,241
- Cash +€3,592
up €3,592 (+144.5%), from €2,485 to €6,077
mainly Net result for the year (+€7,991) and Trade debts (+€6,786)
- Deferred charges and accrued income +€1,113
up €1,113 (+336.5%), from €331 to €1,444
- Reserves +€7,900
up €7,900 (+22.0%), from €35,860 to €43,760
of which Distributable reserves: +€7,900
- Trade debts +€6,786
up €6,786 (+194.8%), from €3,484 to €10,270
- Debts after one year -€3,556
down €3,556 (-18.3%), from €19,422 to €15,866
- Tax, wage and social debts -€2,006
down €2,006 (-33.1%), from €6,052 to €4,046
- Current portion of long-term debt +€1,722
up €1,722 (+31.9%), from €5,392 to €7,114
- Gross operating margin +€11,341
up €11,341 (+185.0%), from €6,131 to €17,472
- Other operating charges -€1,771
down €1,771 (-57.2%), from €3,099 to €1,327
- Financial charges +€747
up €747 (+44.7%), from €1,673 to €2,420
- Taxes +€538
up €538 (+130.1%), from €413 to €951
- Depreciation +€463
up €463 (+10.0%), from €4,643 to €5,106
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 | €66,283 | €77,289 | +€11,006 | +16.6% |
| Fixed assets | 21/28 | €32,549 | €28,942 | -€3,606 | -11.1% |
| Tangible fixed assets | 22/27 | €32,549 | €28,942 | -€3,606 | -11.1% |
| Plant, machinery and equipment | 23 | - | €1,335 | +€1,335 | |
| Furniture and vehicles | 24 | €1,059 | €358 | -€700 | -66.2% |
| Other tangible fixed assets | 26 | €31,490 | €27,249 | -€4,241 | -13.5% |
| Current assets | 29/58 | €33,734 | €48,347 | +€14,613 | +43.3% |
| Amounts receivable after more than one year | 29 | €6,472 | €6,472 | = | 0.0% |
| Other amounts receivable | 291 | €6,472 | €6,472 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,446 | €34,354 | +€9,907 | +40.5% |
| Trade receivables | 40 | €15,506 | €23,976 | +€8,470 | +54.6% |
| Other amounts receivable | 41 | €8,940 | €10,377 | +€1,437 | +16.1% |
| Cash at bank and in hand | 54/58 | €2,485 | €6,077 | +€3,592 | +144.5% |
| Deferred charges and accrued income | 490/1 | €331 | €1,444 | +€1,113 | +336.5% |
| Total equity and liabilities | 10/49 | €66,283 | €77,289 | +€11,006 | +16.6% |
| Equity | 10/15 | €31,873 | €39,864 | +€7,991 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,860 | €43,760 | +€7,900 | +22.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €41,900 | +€7,900 | +23.2% |
| Profit (loss) carried forward | 14 | -€22,587 | -€22,496 | +€91 | +0.4% |
| Amounts payable | 17/49 | €34,410 | €37,425 | +€3,015 | +8.8% |
| Amounts payable after more than one year | 17 | €19,422 | €15,866 | -€3,556 | -18.3% |
| Financial debts | 170/4 | €19,422 | €15,866 | -€3,556 | -18.3% |
| Amounts payable within one year | 42/48 | €14,928 | €21,431 | +€6,502 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €5,392 | €7,114 | +€1,722 | +31.9% |
| Trade debts | 44 | €3,484 | €10,270 | +€6,786 | +194.8% |
| Suppliers | 440/4 | €3,484 | €10,270 | +€6,786 | +194.8% |
| Taxes, remuneration and social security | 45 | €6,052 | €4,046 | -€2,006 | -33.1% |
| Taxes | 450/3 | €6,052 | €4,046 | -€2,006 | -33.1% |
| Accrued charges and deferred income | 492/3 | €60 | €128 | +€68 | +113.6% |
| Non-recurring operating income | 76A | - | €202 | +€202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,643 | €5,106 | +€463 | +10.0% |
| Other operating charges | 640/8 | €3,099 | €1,327 | -€1,771 | -57.2% |
| Gross operating margin | 9900 | €6,131 | €17,472 | +€11,341 | +185.0% |
| Operating profit (loss) | 9901 | -€1,611 | €11,038 | +€12,649 | |
| Financial income | 75/76B | €213 | €324 | +€111 | +52.3% |
| Recurring financial income | 75 | €213 | €324 | +€111 | +52.3% |
| Financial charges | 65/66B | €1,673 | €2,420 | +€747 | +44.7% |
| Recurring financial charges | 65 | €1,673 | €2,420 | +€747 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,071 | €8,942 | +€12,013 | |
| Income taxes | 67/77 | €413 | €951 | +€538 | +130.1% |
| Profit (loss) for the period | 9904 | -€3,484 | €7,991 | +€11,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,484 | €7,991 | +€11,476 |
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 8 October 2026 via checked.be.