Artsy: 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.
Artsy
Largest movements
- Receivables within one year -€135,276
down €135,276 (-60.0%), from €225,557 to €90,281
of which Trade receivables: -€135,183
- Tangible fixed assets -€36,740
down €36,740 (-20.9%), from €175,440 to €138,700
of which Furniture and vehicles: -€36,215
- Other debts -€317,957
down €317,957 (-84.0%), from €378,739 to €60,782
- Reserves +€66,896
up €66,896 (+1,215%), from €5,508 to €72,404
- Trade debts +€55,300
up €55,300 (+513%), from €10,785 to €66,085
- Tax, wage and social debts +€19,296
up €19,296 (+1,121%), from €1,721 to €21,017
- Gross operating margin +€66,841
up €66,841 (+106%), from €63,010 to €129,851
- Taxes +€15,912
up €15,912 (+1,017%), from €1,564 to €17,476
- Depreciation -€15,374
down €15,374 (-27.6%), from €55,674 to €40,301
- Other operating charges +€4,069
up €4,069 (+503%), from €809 to €4,878
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 | €416,753 | €240,288 | -€176,465 | -42.3% |
| Fixed assets | 21/28 | €190,355 | €149,998 | -€40,357 | -21.2% |
| Intangible fixed assets | 21 | €14,915 | €11,297 | -€3,617 | -24.3% |
| Tangible fixed assets | 22/27 | €175,440 | €138,700 | -€36,740 | -20.9% |
| Plant, machinery and equipment | 23 | €1,352 | €827 | -€525 | -38.8% |
| Furniture and vehicles | 24 | €174,089 | €137,874 | -€36,215 | -20.8% |
| Current assets | 29/58 | €226,399 | €90,290 | -€136,108 | -60.1% |
| Amounts receivable within one year | 40/41 | €225,557 | €90,281 | -€135,276 | -60.0% |
| Trade receivables | 40 | €225,151 | €89,968 | -€135,183 | -60.0% |
| Other amounts receivable | 41 | €406 | €313 | -€93 | -22.8% |
| Cash at bank and in hand | 54/58 | €842 | €9 | -€833 | -99.0% |
| Total equity and liabilities | 10/49 | €416,753 | €240,288 | -€176,465 | -42.3% |
| Equity | 10/15 | €25,508 | €92,404 | +€66,896 | +262% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,508 | €72,404 | +€66,896 | +1,215% |
| Distributable reserves | 133 | €5,508 | €72,404 | +€66,896 | +1,215% |
| Amounts payable | 17/49 | €391,246 | €147,884 | -€243,361 | -62.2% |
| Amounts payable within one year | 42/48 | €391,246 | €147,884 | -€243,361 | -62.2% |
| Trade debts | 44 | €10,785 | €66,085 | +€55,300 | +513% |
| Suppliers | 440/4 | €10,785 | €66,085 | +€55,300 | +513% |
| Taxes, remuneration and social security | 45 | €1,721 | €21,017 | +€19,296 | +1,121% |
| Taxes | 450/3 | €1,721 | €21,017 | +€19,296 | +1,121% |
| Other amounts payable | 47/48 | €378,739 | €60,782 | -€317,957 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,674 | €40,301 | -€15,374 | -27.6% |
| Other operating charges | 640/8 | €809 | €4,878 | +€4,069 | +503% |
| Gross operating margin | 9900 | €63,010 | €129,851 | +€66,841 | +106% |
| Operating profit (loss) | 9901 | €6,526 | €84,672 | +€78,146 | +1,197% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Financial charges | 65/66B | €68 | €300 | +€232 | +342% |
| Recurring financial charges | 65 | €68 | €300 | +€232 | +342% |
| Profit (loss) for the period before taxes | 9903 | €6,482 | €84,372 | +€77,890 | +1,202% |
| Income taxes | 67/77 | €1,564 | €17,476 | +€15,912 | +1,017% |
| Profit (loss) for the period | 9904 | €4,918 | €66,896 | +€61,978 | +1,260% |
| Profit (loss) for the period to be appropriated | 9905 | €4,918 | €66,896 | +€61,978 | +1,260% |
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 28 October 2026 via checked.be.