Artvendum: 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.
Artvendum
Largest movements
- Cash -€12,779
down €12,779 (-8.2%), from €155,190 to €142,411
mainly Net result for the year (-€23,762) and Trade debts (-€1,596)
- Receivables within one year -€11,157
down €11,157 (-50.4%), from €22,158 to €11,001
of which Other amounts receivable: -€13,146
- Deferred charges and accrued income -€2,269
down €2,269 (-77.2%), from €2,940 to €671
- Reserves -€23,762
down €23,762 (-15.4%), from €154,284 to €130,521
- Gross operating margin -€20,683
down €20,683, from €779 to -€19,904
- Depreciation -€2,120
down €2,120 (-52.3%), from €4,051 to €1,931
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 | €193,436 | €165,866 | -€27,569 | -14.3% |
| Fixed assets | 21/28 | €2,831 | €900 | -€1,931 | -68.2% |
| Tangible fixed assets | 22/27 | €1,931 | - | -€1,931 | |
| Furniture and vehicles | 24 | €1,931 | - | -€1,931 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €190,605 | €164,966 | -€25,638 | -13.5% |
| Stocks and contracts in progress | 3 | €10,317 | €10,883 | +€566 | +5.5% |
| Stocks | 30/36 | €10,317 | €10,883 | +€566 | +5.5% |
| Amounts receivable within one year | 40/41 | €22,158 | €11,001 | -€11,157 | -50.4% |
| Trade receivables | 40 | €8,845 | €10,834 | +€1,989 | +22.5% |
| Other amounts receivable | 41 | €13,313 | €167 | -€13,146 | -98.7% |
| Cash at bank and in hand | 54/58 | €155,190 | €142,411 | -€12,779 | -8.2% |
| Deferred charges and accrued income | 490/1 | €2,940 | €671 | -€2,269 | -77.2% |
| Total equity and liabilities | 10/49 | €193,436 | €165,866 | -€27,569 | -14.3% |
| Equity | 10/15 | €172,884 | €149,121 | -€23,762 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,284 | €130,521 | -€23,762 | -15.4% |
| Distributable reserves | 133 | €154,284 | €130,521 | -€23,762 | -15.4% |
| Amounts payable | 17/49 | €20,552 | €16,745 | -€3,807 | -18.5% |
| Amounts payable within one year | 42/48 | €20,552 | €16,745 | -€3,807 | -18.5% |
| Trade debts | 44 | €2,025 | €429 | -€1,596 | -78.8% |
| Suppliers | 440/4 | €2,025 | €429 | -€1,596 | -78.8% |
| Taxes, remuneration and social security | 45 | €4,305 | €3,058 | -€1,247 | -29.0% |
| Taxes | 450/3 | €4,305 | €712 | -€3,594 | -83.5% |
| Remuneration and social security | 454/9 | - | €2,347 | +€2,347 | |
| Other amounts payable | 47/48 | €14,222 | €13,258 | -€964 | -6.8% |
| Non-recurring operating income | 76A | - | €281 | +€281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,051 | €1,931 | -€2,120 | -52.3% |
| Other operating charges | 640/8 | €1,222 | €1,213 | -€9 | -0.8% |
| Gross operating margin | 9900 | €779 | -€19,904 | -€20,683 | |
| Operating profit (loss) | 9901 | -€4,494 | -€23,048 | -€18,554 | -412.9% |
| Financial income | 75/76B | €36 | €1 | -€36 | -98.6% |
| Recurring financial income | 75 | €36 | €1 | -€36 | -98.6% |
| Financial charges | 65/66B | €542 | €382 | -€160 | -29.5% |
| Recurring financial charges | 65 | €542 | €382 | -€160 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,000 | -€23,430 | -€18,430 | -368.6% |
| Income taxes | 67/77 | €344 | €333 | -€11 | -3.2% |
| Profit (loss) for the period | 9904 | -€5,343 | -€23,762 | -€18,419 | -344.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,343 | -€23,762 | -€18,419 | -344.7% |
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.