ArtIT: 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.
ArtIT
Largest movements
- Receivables within one year -€117,532
down €117,532 (-37.2%), from €315,680 to €198,147
of which Trade receivables: -€121,938
- Tangible fixed assets +€39,612
up €39,612 (+3.6%), from €1.1m to €1.1m
of which Plant, machinery and equipment: +€35,870
- Short-term financial debts -€92,763
down €92,763 (-79.1%), from €117,285 to €24,523
- Debts after one year -€66,556
down €66,556 (-7.9%), from €841,462 to €774,906
- Trade debts +€65,162
up €65,162 (+35.5%), from €183,589 to €248,751
- Tax, wage and social debts +€25,806
up €25,806 (+49.7%), from €51,975 to €77,782
of which Taxes: +€25,994
- Current portion of long-term debt -€23,310
down €23,310 (-20.5%), from €113,886 to €90,576
- Gross operating margin +€49,692
up €49,692 (+18.6%), from €267,859 to €317,551
- Depreciation +€25,131
up €25,131 (+24.5%), from €102,481 to €127,613
- Taxes +€7,506
up €7,506 (+150.2%), from €4,999 to €12,505
- Other operating charges +€7,285
up €7,285 (+7290.4%), from €100 to €7,384
- Staff costs -€4,171
down €4,171 (-3.5%), from €119,524 to €115,353
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 | €1,530,369 | €1,447,937 | -€82,432 | -5.4% |
| Fixed assets | 21/28 | €1,098,906 | €1,138,518 | +€39,612 | +3.6% |
| Tangible fixed assets | 22/27 | €1,098,276 | €1,137,888 | +€39,612 | +3.6% |
| Land and buildings | 22 | €642,699 | €623,545 | -€19,154 | -3.0% |
| Plant, machinery and equipment | 23 | €26,067 | €61,937 | +€35,870 | +137.6% |
| Furniture and vehicles | 24 | €128,886 | €153,839 | +€24,953 | +19.4% |
| Other tangible fixed assets | 26 | €300,625 | €298,568 | -€2,058 | -0.7% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €431,463 | €309,419 | -€122,044 | -28.3% |
| Stocks and contracts in progress | 3 | €107,940 | €107,940 | = | 0.0% |
| Stocks | 30/36 | €107,940 | €107,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €315,680 | €198,147 | -€117,532 | -37.2% |
| Trade receivables | 40 | €304,884 | €182,946 | -€121,938 | -40.0% |
| Other amounts receivable | 41 | €10,796 | €15,202 | +€4,406 | +40.8% |
| Cash at bank and in hand | 54/58 | €9 | - | -€9 | |
| Deferred charges and accrued income | 490/1 | €7,835 | €3,331 | -€4,503 | -57.5% |
| Total equity and liabilities | 10/49 | €1,530,369 | €1,447,937 | -€82,432 | -5.4% |
| Equity | 10/15 | €148,506 | €168,756 | +€20,250 | +13.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,096 | €148,346 | +€20,250 | +15.8% |
| Amounts payable | 17/49 | €1,381,863 | €1,279,181 | -€102,682 | -7.4% |
| Amounts payable after more than one year | 17 | €841,462 | €774,906 | -€66,556 | -7.9% |
| Financial debts | 170/4 | €841,462 | €774,906 | -€66,556 | -7.9% |
| Amounts payable within one year | 42/48 | €539,927 | €504,275 | -€35,652 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €113,886 | €90,576 | -€23,310 | -20.5% |
| Financial debts | 43 | €117,285 | €24,523 | -€92,763 | -79.1% |
| Credit institutions | 430/8 | €117,285 | €24,523 | -€92,763 | -79.1% |
| Trade debts | 44 | €183,589 | €248,751 | +€65,162 | +35.5% |
| Suppliers | 440/4 | €183,589 | €248,751 | +€65,162 | +35.5% |
| Taxes, remuneration and social security | 45 | €51,975 | €77,782 | +€25,806 | +49.7% |
| Taxes | 450/3 | €18,857 | €44,851 | +€25,994 | +137.8% |
| Remuneration and social security | 454/9 | €33,118 | €32,930 | -€188 | -0.6% |
| Other amounts payable | 47/48 | €73,192 | €62,644 | -€10,548 | -14.4% |
| Accrued charges and deferred income | 492/3 | €474 | - | -€474 | |
| Remuneration, social security and pensions | 62 | €119,524 | €115,353 | -€4,171 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,481 | €127,613 | +€25,131 | +24.5% |
| Other operating charges | 640/8 | €100 | €7,384 | +€7,285 | +7290.4% |
| Gross operating margin | 9900 | €267,859 | €317,551 | +€49,692 | +18.6% |
| Operating profit (loss) | 9901 | €45,754 | €67,201 | +€21,447 | +46.9% |
| Financial income | 75/76B | €13 | €23 | +€10 | +74.8% |
| Recurring financial income | 75 | €13 | €23 | +€10 | +74.8% |
| Financial charges | 65/66B | €33,047 | €34,468 | +€1,421 | +4.3% |
| Recurring financial charges | 65 | €33,047 | €34,468 | +€1,421 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €12,720 | €32,755 | +€20,036 | +157.5% |
| Income taxes | 67/77 | €4,999 | €12,505 | +€7,506 | +150.2% |
| Profit (loss) for the period | 9904 | €7,721 | €20,250 | +€12,529 | +162.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,721 | €20,250 | +€12,529 | +162.3% |
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 10 October 2026 via checked.be.