ARTS ET CHATELAIN: 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.
ARTS ET CHATELAIN
Largest movements
- Cash +€1.4m
up €1.4m (+101%), from €1.4m to €2.8m
mainly Depreciation (+€1.1m) and Other debts (+€1.0m)
- Tangible fixed assets -€1.1m
down €1.1m (-11.2%), from €9.5m to €8.4m
of which Land and buildings: -€1.1m
- Deferred charges and accrued income -€219,179
down €219,179 (-86.7%), from €252,706 to €33,528
- Other debts +€1.0m
up €1.0m (+1,307%), from €76,530 to €1.1m
- Profit (loss) carried forward -€723,637
down €723,637 (-9.2%), from -€7.8m to -€8.6m
- Trade debts -€126,268
down €126,268 (-40.1%), from €315,173 to €188,905
- Write-downs +€89,270
up €89,270 (+277%), from €32,194 to €121,464
- Gross operating margin +€84,066
up €84,066 (+11.0%), from €767,201 to €851,267
- Other operating charges +€41,529
up €41,529 (+20.7%), from €200,420 to €241,949
- Financial income +€17,226
up €17,226 (+258%), from €6,686 to €23,912
- Depreciation +€16,582
up €16,582 (+1.5%), from €1.1m to €1.1m
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 | €11,515,577 | €11,561,718 | +€46,141 | +0.4% |
| Fixed assets | 21/28 | €9,463,763 | €8,405,674 | -€1.1m | -11.2% |
| Tangible fixed assets | 22/27 | €9,463,763 | €8,405,674 | -€1.1m | -11.2% |
| Land and buildings | 22 | €9,463,763 | €8,403,554 | -€1.1m | -11.2% |
| Plant, machinery and equipment | 23 | - | €2,120 | +€2,120 | |
| Current assets | 29/58 | €2,051,814 | €3,156,044 | +€1.1m | +53.8% |
| Amounts receivable within one year | 40/41 | €421,263 | €352,959 | -€68,304 | -16.2% |
| Trade receivables | 40 | €292,017 | €179,431 | -€112,586 | -38.6% |
| Other amounts receivable | 41 | €129,246 | €173,528 | +€44,282 | +34.3% |
| Cash at bank and in hand | 54/58 | €1,377,845 | €2,769,558 | +€1.4m | +101% |
| Deferred charges and accrued income | 490/1 | €252,706 | €33,528 | -€219,179 | -86.7% |
| Total equity and liabilities | 10/49 | €11,515,577 | €11,561,718 | +€46,141 | +0.4% |
| Equity | 10/15 | €9,163,974 | €8,440,337 | -€723,637 | -7.9% |
| Contributions | 10/11 | €17,000,000 | €17,000,000 | = | 0.0% |
| Capital | 10 | €17,000,000 | €17,000,000 | = | 0.0% |
| Issued capital | 100 | €17,000,000 | €17,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,836,026 | -€8,559,663 | -€723,637 | -9.2% |
| Amounts payable | 17/49 | €2,351,603 | €3,121,381 | +€769,778 | +32.7% |
| Amounts payable after more than one year | 17 | €1,815,905 | €1,724,089 | -€91,816 | -5.1% |
| Financial debts | 170/4 | €1,815,535 | €1,719,089 | -€96,446 | -5.3% |
| Other amounts payable | 178/9 | €370 | €5,000 | +€4,630 | +1,251% |
| Amounts payable within one year | 42/48 | €503,565 | €1,397,292 | +€893,727 | +177% |
| Current portion of amounts payable after more than one year | 42 | €94,510 | €96,446 | +€1,936 | +2.0% |
| Trade debts | 44 | €315,173 | €188,905 | -€126,268 | -40.1% |
| Suppliers | 440/4 | €315,173 | €188,905 | -€126,268 | -40.1% |
| Advances received on contracts in progress | 46 | €7,780 | €29,361 | +€21,582 | +277% |
| Taxes, remuneration and social security | 45 | €9,572 | €6,050 | -€3,522 | -36.8% |
| Taxes | 450/3 | €977 | €2,247 | +€1,270 | +130% |
| Remuneration and social security | 454/9 | €8,595 | €3,803 | -€4,792 | -55.8% |
| Other amounts payable | 47/48 | €76,530 | €1,076,530 | +€1.0m | +1,307% |
| Accrued charges and deferred income | 492/3 | €32,133 | €0 | -€32,133 | -100% |
| Remuneration, social security and pensions | 62 | €44,356 | €50,449 | +€6,093 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113,925 | €1,130,507 | +€16,582 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,194 | €121,464 | +€89,270 | +277% |
| Other operating charges | 640/8 | €200,420 | €241,949 | +€41,529 | +20.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €767,201 | €851,267 | +€84,066 | +11.0% |
| Operating profit (loss) | 9901 | -€623,693 | -€693,102 | -€69,409 | -11.1% |
| Financial income | 75/76B | €6,686 | €23,912 | +€17,226 | +258% |
| Recurring financial income | 75 | €6,686 | €23,912 | +€17,226 | +258% |
| Financial charges | 65/66B | €41,049 | €47,344 | +€6,294 | +15.3% |
| Recurring financial charges | 65 | €41,049 | €47,344 | +€6,294 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€658,056 | -€716,533 | -€58,477 | -8.9% |
| Income taxes | 67/77 | €2,006 | €7,104 | +€5,098 | +254% |
| Profit (loss) for the period | 9904 | -€660,062 | -€723,637 | -€63,575 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€660,062 | -€723,637 | -€63,575 | -9.6% |
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 19 October 2026 via checked.be.