ARTIPOSE: 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.
ARTIPOSE
Largest movements
- Cash +€124,000
up €124,000 (+104%), from €118,790 to €242,790
mainly Net result for the year (+€126,524) and Receivables within one year (+€50,807)
- Receivables within one year -€50,807
down €50,807 (-8.6%), from €589,804 to €538,997
of which Other amounts receivable: -€25,562
- Tangible fixed assets -€15,484
down €15,484 (-100%), from €15,484 to €0
- Profit (loss) carried forward +€126,524
up €126,524 (+50.2%), from €251,798 to €378,323
- Trade debts -€70,163
down €70,163 (-16.7%), from €419,378 to €349,215
- Tax, wage and social debts +€28,621
up €28,621 (+187%), from €15,302 to €43,923
of which Taxes: +€29,361
- Other debts -€25,000
no longer reported in 2024 (was €25,000)
- Gross operating margin +€117,305
up €117,305 (+203%), from €57,743 to €175,049
- Taxes +€23,889
up €23,889 (+164%), from €14,562 to €38,452
- Staff costs +€3,678
up €3,678 (+321%), from €1,148 to €4,826
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 | €725,259 | €785,241 | +€59,982 | +8.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,665 | €1,181 | -€15,484 | -92.9% |
| Tangible fixed assets | 22/27 | €15,484 | €0 | -€15,484 | -100% |
| Furniture and vehicles | 24 | €15,484 | €0 | -€15,484 | -100% |
| Financial fixed assets | 28 | €1,181 | €1,181 | = | 0.0% |
| Current assets | 29/58 | €708,593 | €784,060 | +€75,467 | +10.7% |
| Amounts receivable within one year | 40/41 | €589,804 | €538,997 | -€50,807 | -8.6% |
| Trade receivables | 40 | €438,967 | €413,723 | -€25,244 | -5.8% |
| Other amounts receivable | 41 | €150,837 | €125,274 | -€25,562 | -16.9% |
| Cash at bank and in hand | 54/58 | €118,790 | €242,790 | +€124,000 | +104% |
| Deferred charges and accrued income | 490/1 | €0 | €2,273 | +€2,273 | |
| Total equity and liabilities | 10/49 | €725,259 | €785,241 | +€59,982 | +8.3% |
| Equity | 10/15 | €256,886 | €383,410 | +€126,524 | +49.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,088 | €1,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,088 | €1,088 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,088 | €1,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,798 | €378,323 | +€126,524 | +50.2% |
| Amounts payable | 17/49 | €468,373 | €401,831 | -€66,542 | -14.2% |
| Amounts payable within one year | 42/48 | €468,373 | €401,831 | -€66,542 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €1,093 | €1,093 | = | 0.0% |
| Trade debts | 44 | €419,378 | €349,215 | -€70,163 | -16.7% |
| Suppliers | 440/4 | €419,378 | €349,215 | -€70,163 | -16.7% |
| Advances received on contracts in progress | 46 | €7,600 | €7,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,302 | €43,923 | +€28,621 | +187% |
| Taxes | 450/3 | €14,562 | €43,923 | +€29,361 | +202% |
| Remuneration and social security | 454/9 | €740 | - | -€740 | |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Remuneration, social security and pensions | 62 | €1,148 | €4,826 | +€3,678 | +321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,838 | €3,820 | -€19 | -0.5% |
| Gross operating margin | 9900 | €57,743 | €175,049 | +€117,305 | +203% |
| Operating profit (loss) | 9901 | €51,757 | €165,403 | +€113,646 | +220% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €218 | €484 | +€267 | +122% |
| Recurring financial charges | 65 | €218 | €484 | +€267 | +122% |
| Profit (loss) for the period before taxes | 9903 | €51,539 | €164,976 | +€113,437 | +220% |
| Income taxes | 67/77 | €14,562 | €38,452 | +€23,889 | +164% |
| Profit (loss) for the period | 9904 | €36,977 | €126,524 | +€89,547 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €36,977 | €126,524 | +€89,547 | +242% |
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 18 October 2026 via checked.be.