ARTSTONE: 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.
What changed
ARTSTONE
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€358,275
2023 · €16,664+€341,611
Equity
€8.7m
2023 · €8.4m+€358,275
Cash
€38,862
2023 · €72,887-€34,024
Balance sheet total
€21.0m
2023 · €21.3m-€303,887
Largest movements
Assets
- Tangible fixed assets -€224,484
down €224,484 (-11.8%), from €1.9m to €1.7m
of which Plant, machinery and equipment: -€137,798
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-18.7%), from €5.7m to €4.7m
- Trade debts +€538,170
up €538,170 (+37.0%), from €1.5m to €2.0m
- Reserves +€358,275
up €358,275 (+26.2%), from €1.4m to €1.7m
of which Distributable reserves: +€358,275
- Debts after one year -€280,833
down €280,833 (-6.6%), from €4.3m to €4.0m
of which Financial debts: -€282,833
Income statement
- Services and other goods -€747,584
down €747,584 (-25.4%), from €2.9m to €2.2m
- Other operating income -€368,594
down €368,594 (-61.6%), from €598,838 to €230,244
- Financial charges +€187,611
up €187,611 (+49.3%), from €380,355 to €567,967
of which Financial charges: +€184,420
- Goods and materials +€104,978
up €104,978 (+1.9%), from €5.5m to €5.6m
of which Change in stocks: decrease (increase): +€487,594
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.
Result 2023
€16,664
Turnover
-€28,079
Other operating income
-€368,594
Goods and materials
-€104,978
Services and other goods
+€747,584
Staff costs
+€3,409
Depreciation
-€2,834
Write-downs
-€23,636
Other operating charges
-€6,291
Other operating items
+€322,781
Financial income
-€17,797
Financial charges
-€187,611
Taxes
+€7,657
Result 2024
€358,275
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.
From operations
+€419,251
Investment
-€178,345
Financing
-€274,929
Cash 2023
€72,887
From operations (derived)
+€419,251
Net result for the year
+€358,275
Depreciation
+€402,829
Stocks and contracts
+€169,240
Receivables within one year
-€146,806
Deferred charges and accrued income
+€22,945
Trade debts
+€538,170
Tax, wage and social debts
-€44,872
Other debts
-€1.1m
Accrued charges and deferred income
+€188,999
Investment (derived)
-€178,345
Investment in fixed assets (net)
-€178,345
Financing
-€274,929
Debts after one year
-€280,833
Current portion of long-term debt
+€5,903
Cash 2024
€38,862
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,279,879 | €20,975,992 | -€303,887 | -1.4% |
| Fixed assets | 21/28 | €16,214,377 | €15,989,894 | -€224,484 | -1.4% |
| Tangible fixed assets | 22/27 | €1,910,182 | €1,685,699 | -€224,484 | -11.8% |
| Land and buildings | 22 | €123,793 | €95,234 | -€28,558 | -23.1% |
| Plant, machinery and equipment | 23 | €753,670 | €615,872 | -€137,798 | -18.3% |
| Furniture and vehicles | 24 | €721,307 | €778,188 | +€56,881 | +7.9% |
| Other tangible fixed assets | 26 | €311,413 | €196,404 | -€115,009 | -36.9% |
| Financial fixed assets | 28 | €14,304,195 | €14,304,195 | = | 0.0% |
| Affiliated companies | 280/1 | €14,298,570 | €14,298,570 | = | 0.0% |
| Participating interests | 280 | €14,298,570 | €14,298,570 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,625 | €5,625 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,625 | €5,625 | = | 0.0% |
| Current assets | 29/58 | €5,065,502 | €4,986,098 | -€79,404 | -1.6% |
| Stocks and contracts in progress | 3 | €2,497,572 | €2,328,332 | -€169,240 | -6.8% |
| Stocks | 30/36 | €2,497,572 | €2,328,332 | -€169,240 | -6.8% |
| Goods purchased for resale | 34 | €2,497,572 | €2,328,332 | -€169,240 | -6.8% |
| Amounts receivable within one year | 40/41 | €2,455,013 | €2,601,819 | +€146,806 | +6.0% |
| Trade receivables | 40 | €1,468,165 | €1,750,654 | +€282,489 | +19.2% |
| Other amounts receivable | 41 | €986,848 | €851,165 | -€135,683 | -13.7% |
| Cash at bank and in hand | 54/58 | €72,887 | €38,862 | -€34,024 | -46.7% |
| Deferred charges and accrued income | 490/1 | €40,030 | €17,085 | -€22,945 | -57.3% |
| Total equity and liabilities | 10/49 | €21,279,879 | €20,975,992 | -€303,887 | -1.4% |
| Equity | 10/15 | €8,369,000 | €8,727,275 | +€358,275 | +4.3% |
| Contributions | 10/11 | €7,000,000 | €7,000,000 | = | 0.0% |
| Capital | 10 | €7,000,000 | €7,000,000 | = | 0.0% |
| Issued capital | 100 | €7,000,000 | €7,000,000 | = | 0.0% |
| Reserves | 13 | €1,369,000 | €1,727,275 | +€358,275 | +26.2% |
| Non-distributable reserves | 130/1 | €700,000 | €700,000 | = | 0.0% |
| Legal reserve | 130 | €700,000 | €700,000 | = | 0.0% |
| Distributable reserves | 133 | €669,000 | €1,027,275 | +€358,275 | +53.6% |
| Amounts payable | 17/49 | €12,910,880 | €12,248,717 | -€662,163 | -5.1% |
| Amounts payable after more than one year | 17 | €4,257,960 | €3,977,127 | -€280,833 | -6.6% |
| Financial debts | 170/4 | €4,257,960 | €3,975,127 | -€282,833 | -6.6% |
| Credit institutions | 173 | €2,557,960 | €2,275,127 | -€282,833 | -11.1% |
| Other loans | 174 | €1,700,000 | €1,700,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €2,000 | +€2,000 | |
| Amounts payable within one year | 42/48 | €8,479,849 | €7,909,521 | -€570,329 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €451,956 | €457,859 | +€5,903 | +1.3% |
| Financial debts | 43 | €700,000 | €700,000 | = | 0.0% |
| Credit institutions | 430/8 | €700,000 | €700,000 | = | 0.0% |
| Trade debts | 44 | €1,452,809 | €1,990,980 | +€538,170 | +37.0% |
| Suppliers | 440/4 | €1,452,809 | €1,990,980 | +€538,170 | +37.0% |
| Taxes, remuneration and social security | 45 | €154,228 | €109,356 | -€44,872 | -29.1% |
| Taxes | 450/3 | €105,415 | €17,761 | -€87,654 | -83.2% |
| Remuneration and social security | 454/9 | €48,813 | €91,595 | +€42,782 | +87.6% |
| Other amounts payable | 47/48 | €5,720,856 | €4,651,326 | -€1.1m | -18.7% |
| Accrued charges and deferred income | 492/3 | €173,071 | €362,069 | +€188,999 | +109.2% |
| Operating income | 70/76A | €9,976,206 | €9,902,313 | -€73,892 | -0.7% |
| Turnover | 70 | €9,340,149 | €9,312,070 | -€28,079 | -0.3% |
| Other operating income | 74 | €598,838 | €230,244 | -€368,594 | -61.6% |
| Non-recurring operating income | 76A | €37,219 | €360,000 | +€322,781 | +867.2% |
| Operating charges | 60/66A | €9,620,806 | €9,007,551 | -€613,255 | -6.4% |
| Goods for resale, raw materials and consumables | 60 | €5,506,528 | €5,611,506 | +€104,978 | +1.9% |
| Purchases | 600/8 | €5,824,882 | €5,442,266 | -€382,616 | -6.6% |
| Change in stocks: decrease (increase) | 609 | -€318,354 | €169,240 | +€487,594 | |
| Services and other goods | 61 | €2,944,186 | €2,196,603 | -€747,584 | -25.4% |
| Remuneration, social security and pensions | 62 | €763,084 | €759,675 | -€3,409 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399,996 | €402,829 | +€2,834 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,636 | - | +€23,636 | |
| Other operating charges | 640/8 | €30,648 | €36,939 | +€6,291 | +20.5% |
| Operating profit (loss) | 9901 | €355,400 | €894,762 | +€539,363 | +151.8% |
| Financial income | 75/76B | €49,396 | €31,599 | -€17,797 | -36.0% |
| Recurring financial income | 75 | €49,396 | €31,599 | -€17,797 | -36.0% |
| Income from current assets | 751 | €56 | €356 | +€301 | +538.7% |
| Other financial income | 752/9 | €49,340 | €31,243 | -€18,097 | -36.7% |
| Financial charges | 65/66B | €380,355 | €567,967 | +€187,611 | +49.3% |
| Recurring financial charges | 65 | €379,545 | €563,965 | +€184,420 | +48.6% |
| Debt charges | 650 | €129,111 | €310,265 | +€181,155 | +140.3% |
| Other financial charges | 652/9 | €250,435 | €253,700 | +€3,265 | +1.3% |
| Non-recurring financial charges | 66B | €810 | €4,002 | +€3,192 | +394.0% |
| Profit (loss) for the period before taxes | 9903 | €24,440 | €358,395 | +€333,954 | +1366.4% |
| Income taxes | 67/77 | €7,776 | €119 | -€7,657 | -98.5% |
| Taxes | 670/3 | €7,776 | €119 | -€7,657 | -98.5% |
| Profit (loss) for the period | 9904 | €16,664 | €358,275 | +€341,611 | +2049.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,664 | €358,275 | +€341,611 | +2049.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.