BE ART CONCEPT: 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.
BE ART CONCEPT
Largest movements
- Current assets -€54,356
down €54,356 (-63.1%), from €86,195 to €31,839
of which Cash: -€50,550
- Tangible fixed assets +€22,174
up €22,174 (+448%), from €4,945 to €27,119
- Profit (loss) carried forward -€26,135
down €26,135 (-49.3%), from €53,022 to €26,886
- Debts within one year -€6,274
down €6,274 (-31.9%), from €19,673 to €13,399
- Gross operating margin -€92,747
down €92,747, from €75,202 to -€17,544
- Taxes -€14,404
no longer reported in 2021 (was €14,404)
- Depreciation +€4,200
up €4,200 (+105%), from €4,004 to €8,204
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,368 | €58,959 | -€32,409 | -35.5% |
| Fixed assets | 21/28 | €5,173 | €27,119 | +€21,946 | +424% |
| Intangible fixed assets | 21 | €228 | - | -€228 | |
| Tangible fixed assets | 22/27 | €4,945 | €27,119 | +€22,174 | +448% |
| Current assets | 29/58 | €86,195 | €31,839 | -€54,356 | -63.1% |
| Amounts receivable within one year | 40/41 | €22,323 | €18,552 | -€3,771 | -16.9% |
| Cash at bank and in hand | 54/58 | €63,774 | €13,224 | -€50,550 | -79.3% |
| Total equity and liabilities | 10/49 | €91,368 | €58,959 | -€32,409 | -35.5% |
| Equity | 10/15 | €71,695 | €45,560 | -€26,135 | -36.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,674 | €17,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,022 | €26,886 | -€26,135 | -49.3% |
| Amounts payable | 17/49 | €19,673 | €13,399 | -€6,274 | -31.9% |
| Amounts payable within one year | 42/48 | €19,673 | €13,399 | -€6,274 | -31.9% |
| Trade debts | 44 | €442 | €442 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,004 | €8,204 | +€4,200 | +105% |
| Gross operating margin | 9900 | €75,202 | -€17,544 | -€92,747 | |
| Operating profit (loss) | 9901 | €70,828 | -€26,061 | -€96,890 | |
| Recurring financial charges | 65 | €564 | €74 | -€490 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | €70,264 | -€26,135 | -€96,399 | |
| Income taxes | 67/77 | €14,404 | - | -€14,404 | |
| Profit (loss) for the period | 9904 | €55,860 | -€26,135 | -€81,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,860 | -€26,135 | -€81,996 |
Source: filed annual accounts (NBB), financial years ended 30 June 2020 and 30 June 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.