ARTSABINE: 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.
ARTSABINE
Largest movements
- Cash -€21,572
down €21,572 (-78.0%), from €27,652 to €6,079
mainly Net result for the year (-€18,571) and Debts after one year (-€17,947)
- Tangible fixed assets -€20,310
down €20,310 (-8.6%), from €235,632 to €215,322
of which Plant, machinery and equipment: -€13,500
- Profit (loss) carried forward -€18,571
down €18,571 (-51.4%), from -€36,113 to -€54,684
- Debts after one year -€17,947
down €17,947 (-13.6%), from €131,815 to €113,868
- Tax, wage and social debts -€4,977
no longer reported in 2024 (was €4,977)
- Trade debts -€2,922
down €2,922 (-39.2%), from €7,462 to €4,539
- Gross operating margin -€42,891
down €42,891 (-70.3%), from €60,980 to €18,089
- Depreciation +€3,677
up €3,677 (+12.7%), from €29,008 to €32,685
- Financial charges -€2,088
down €2,088 (-38.1%), from €5,480 to €3,392
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 | €287,099 | €243,907 | -€43,192 | -15.0% |
| Fixed assets | 21/28 | €235,762 | €215,452 | -€20,310 | -8.6% |
| Tangible fixed assets | 22/27 | €235,632 | €215,322 | -€20,310 | -8.6% |
| Land and buildings | 22 | €192,140 | €185,866 | -€6,274 | -3.3% |
| Plant, machinery and equipment | 23 | €42,940 | €29,440 | -€13,500 | -31.4% |
| Furniture and vehicles | 24 | €552 | €16 | -€536 | -97.1% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €51,337 | €28,455 | -€22,881 | -44.6% |
| Stocks and contracts in progress | 3 | €21,493 | €21,746 | +€253 | +1.2% |
| Stocks | 30/36 | €21,493 | €21,746 | +€253 | +1.2% |
| Amounts receivable within one year | 40/41 | €2,192 | €630 | -€1,562 | -71.3% |
| Trade receivables | 40 | €2,192 | - | -€2,192 | |
| Other amounts receivable | 41 | - | €630 | +€630 | |
| Cash at bank and in hand | 54/58 | €27,652 | €6,079 | -€21,572 | -78.0% |
| Total equity and liabilities | 10/49 | €287,099 | €243,907 | -€43,192 | -15.0% |
| Equity | 10/15 | -€17,513 | -€36,084 | -€18,571 | -106% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,113 | -€54,684 | -€18,571 | -51.4% |
| Amounts payable | 17/49 | €304,612 | €279,991 | -€24,620 | -8.1% |
| Amounts payable after more than one year | 17 | €131,815 | €113,868 | -€17,947 | -13.6% |
| Financial debts | 170/4 | €131,815 | €113,868 | -€17,947 | -13.6% |
| Amounts payable within one year | 42/48 | €172,797 | €166,124 | -€6,673 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €18,463 | €18,790 | +€326 | +1.8% |
| Trade debts | 44 | €7,462 | €4,539 | -€2,922 | -39.2% |
| Suppliers | 440/4 | €7,462 | €4,539 | -€2,922 | -39.2% |
| Taxes, remuneration and social security | 45 | €4,977 | - | -€4,977 | |
| Taxes | 450/3 | €4,977 | - | -€4,977 | |
| Other amounts payable | 47/48 | €141,894 | €142,794 | +€900 | +0.6% |
| Remuneration, social security and pensions | 62 | €98 | €23 | -€75 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,008 | €32,685 | +€3,677 | +12.7% |
| Other operating charges | 640/8 | €870 | €560 | -€310 | -35.6% |
| Gross operating margin | 9900 | €60,980 | €18,089 | -€42,891 | -70.3% |
| Operating profit (loss) | 9901 | €31,004 | -€15,179 | -€46,183 | |
| Financial charges | 65/66B | €5,480 | €3,392 | -€2,088 | -38.1% |
| Recurring financial charges | 65 | €5,480 | €3,392 | -€2,088 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €25,524 | -€18,571 | -€44,095 | |
| Profit (loss) for the period | 9904 | €25,524 | -€18,571 | -€44,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,524 | -€18,571 | -€44,095 |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.