ARTELIT: 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.
ARTELIT
Largest movements
- Receivables within one year +€43,444
up €43,444 (+203.3%), from €21,374 to €64,818
of which Other amounts receivable: +€56,322
- Tangible fixed assets -€39,166
down €39,166 (-67.0%), from €58,471 to €19,305
of which Plant, machinery and equipment: -€27,490
- Cash -€37,830
down €37,830 (-49.7%), from €76,153 to €38,322
mainly Receivables within one year (-€43,444) and Current portion of long-term debt (-€27,033)
- Current portion of long-term debt -€27,033
down €27,033 (-96.5%), from €28,026 to €993
- Debts after one year -€19,895
no longer reported in 2023 (was €19,895)
- Other debts +€11,820
up €11,820 (+63.6%), from €18,574 to €30,394
- Profit (loss) carried forward +€5,113
up €5,113 (+4.8%), from €105,726 to €110,839
- Tax, wage and social debts -€3,442
down €3,442 (-12.6%), from €27,307 to €23,864
- Gross operating margin +€34,304
up €34,304 (+266.9%), from €12,852 to €47,156
- Taxes +€1,984
up €1,984 (+178.2%), from €1,113 to €3,097
- Financial income -€1,482
down €1,482 (-27.3%), from €5,439 to €3,957
- Staff costs -€1,242
no longer reported in 2023 (was €1,242)
- Financial charges -€974
down €974 (-29.2%), from €3,334 to €2,361
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.
Cash bridge derived
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 | €264,501 | €230,889 | -€33,612 | -12.7% |
| Fixed assets | 21/28 | €58,471 | €19,305 | -€39,166 | -67.0% |
| Tangible fixed assets | 22/27 | €58,471 | €19,305 | -€39,166 | -67.0% |
| Plant, machinery and equipment | 23 | €27,490 | - | -€27,490 | |
| Furniture and vehicles | 24 | €30,982 | €19,305 | -€11,676 | -37.7% |
| Current assets | 29/58 | €206,030 | €211,584 | +€5,554 | +2.7% |
| Stocks and contracts in progress | 3 | €107,908 | €107,908 | = | 0.0% |
| Stocks | 30/36 | €107,908 | €107,908 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,374 | €64,818 | +€43,444 | +203.3% |
| Trade receivables | 40 | €16,339 | €3,461 | -€12,878 | -78.8% |
| Other amounts receivable | 41 | €5,035 | €61,357 | +€56,322 | +1118.5% |
| Cash at bank and in hand | 54/58 | €76,153 | €38,322 | -€37,830 | -49.7% |
| Deferred charges and accrued income | 490/1 | €595 | €535 | -€60 | -10.1% |
| Total equity and liabilities | 10/49 | €264,501 | €230,889 | -€33,612 | -12.7% |
| Equity | 10/15 | €165,076 | €170,188 | +€5,113 | +3.1% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Outside capital | 11 | €12,395 | €12,395 | = | 0.0% |
| Other | 1109/19 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €46,955 | €46,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €45,095 | €45,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,726 | €110,839 | +€5,113 | +4.8% |
| Amounts payable | 17/49 | €99,426 | €60,701 | -€38,725 | -38.9% |
| Amounts payable after more than one year | 17 | €19,895 | - | -€19,895 | |
| Financial debts | 170/4 | €19,895 | - | -€19,895 | |
| Amounts payable within one year | 42/48 | €79,506 | €60,701 | -€18,805 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €28,026 | €993 | -€27,033 | -96.5% |
| Trade debts | 44 | €5,599 | €5,449 | -€150 | -2.7% |
| Suppliers | 440/4 | €5,599 | €5,449 | -€150 | -2.7% |
| Taxes, remuneration and social security | 45 | €27,307 | €23,864 | -€3,442 | -12.6% |
| Taxes | 450/3 | €27,307 | €23,864 | -€3,442 | -12.6% |
| Other amounts payable | 47/48 | €18,574 | €30,394 | +€11,820 | +63.6% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Remuneration, social security and pensions | 62 | €1,242 | - | -€1,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,562 | €39,166 | +€604 | +1.6% |
| Other operating charges | 640/8 | €1,888 | €1,376 | -€512 | -27.1% |
| Gross operating margin | 9900 | €12,852 | €47,156 | +€34,304 | +266.9% |
| Operating profit (loss) | 9901 | -€28,841 | €6,613 | +€35,454 | |
| Financial income | 75/76B | €5,439 | €3,957 | -€1,482 | -27.3% |
| Recurring financial income | 75 | €5,439 | €3,957 | -€1,482 | -27.3% |
| Financial charges | 65/66B | €3,334 | €2,361 | -€974 | -29.2% |
| Recurring financial charges | 65 | €3,334 | €2,361 | -€974 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,736 | €8,210 | +€34,946 | |
| Income taxes | 67/77 | €1,113 | €3,097 | +€1,984 | +178.2% |
| Profit (loss) for the period | 9904 | -€27,849 | €5,113 | +€32,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,849 | €5,113 | +€32,962 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.