CL'ART: 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.
CL'ART
Largest movements
- Receivables within one year +€43,420
up €43,420 (+292%), from €14,860 to €58,280
of which Other amounts receivable: +€31,923
- Tangible fixed assets -€26,839
down €26,839 (-52.6%), from €51,040 to €24,201
of which Land and buildings: -€24,441
- Cash +€14,422
up €14,422 (+106%), from €13,648 to €28,070
mainly Net result for the year (+€34,389) and Depreciation (+€26,838)
- Profit (loss) carried forward +€34,389
up €34,389, from -€7,981 to €26,408
- Tax, wage and social debts +€25,487
up €25,487 (+293%), from €8,691 to €34,178
- Debts after one year -€18,588
no longer reported in 2024 (was €18,588)
- Current portion of long-term debt -€7,903
down €7,903 (-30.9%), from €25,580 to €17,677
- Trade debts -€2,882
down €2,882 (-9.8%), from €29,291 to €26,409
- Gross operating margin +€42,795
up €42,795 (+98.0%), from €43,667 to €86,462
- Taxes +€15,377
up €15,377 (+768%), from €2,003 to €17,380
- Other operating charges +€3,850
up €3,850 (+1,041%), from €370 to €4,220
- Depreciation -€1,892
down €1,892 (-6.6%), from €28,730 to €26,838
- Financial income +€1,105
up €1,105 (+825%), from €134 to €1,239
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 | €90,244 | €121,248 | +€31,004 | +34.4% |
| Fixed assets | 21/28 | €51,040 | €24,201 | -€26,839 | -52.6% |
| Tangible fixed assets | 22/27 | €51,040 | €24,201 | -€26,839 | -52.6% |
| Land and buildings | 22 | €48,642 | €24,201 | -€24,441 | -50.2% |
| Plant, machinery and equipment | 23 | €970 | - | -€970 | |
| Furniture and vehicles | 24 | €1,428 | - | -€1,428 | |
| Current assets | 29/58 | €39,204 | €97,047 | +€57,843 | +148% |
| Amounts receivable within one year | 40/41 | €14,860 | €58,280 | +€43,420 | +292% |
| Trade receivables | 40 | €7,570 | €19,067 | +€11,497 | +152% |
| Other amounts receivable | 41 | €7,290 | €39,213 | +€31,923 | +438% |
| Current investments | 50/53 | €10,696 | €10,697 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €13,648 | €28,070 | +€14,422 | +106% |
| Total equity and liabilities | 10/49 | €90,244 | €121,248 | +€31,004 | +34.4% |
| Equity | 10/15 | -€1,781 | €32,608 | +€34,389 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,981 | €26,408 | +€34,389 | |
| Amounts payable | 17/49 | €92,025 | €88,640 | -€3,385 | -3.7% |
| Amounts payable after more than one year | 17 | €18,588 | - | -€18,588 | |
| Financial debts | 170/4 | €18,588 | - | -€18,588 | |
| Amounts payable within one year | 42/48 | €73,437 | €87,368 | +€13,931 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €25,580 | €17,677 | -€7,903 | -30.9% |
| Financial debts | 43 | €9,875 | €9,104 | -€771 | -7.8% |
| Credit institutions | 430/8 | €9,875 | €9,104 | -€771 | -7.8% |
| Trade debts | 44 | €29,291 | €26,409 | -€2,882 | -9.8% |
| Suppliers | 440/4 | €29,291 | €26,409 | -€2,882 | -9.8% |
| Taxes, remuneration and social security | 45 | €8,691 | €34,178 | +€25,487 | +293% |
| Taxes | 450/3 | €8,691 | €34,178 | +€25,487 | +293% |
| Accrued charges and deferred income | 492/3 | - | €1,272 | +€1,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,730 | €26,838 | -€1,892 | -6.6% |
| Other operating charges | 640/8 | €370 | €4,220 | +€3,850 | +1,041% |
| Non-recurring operating charges | 66A | - | €1,907 | +€1,907 | |
| Gross operating margin | 9900 | €43,667 | €86,462 | +€42,795 | +98.0% |
| Operating profit (loss) | 9901 | €14,567 | €53,497 | +€38,930 | +267% |
| Financial income | 75/76B | €134 | €1,239 | +€1,105 | +825% |
| Recurring financial income | 75 | €134 | €1,239 | +€1,105 | +825% |
| Financial charges | 65/66B | €3,678 | €2,967 | -€711 | -19.3% |
| Recurring financial charges | 65 | €3,678 | €2,967 | -€711 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €11,023 | €51,769 | +€40,746 | +370% |
| Income taxes | 67/77 | €2,003 | €17,380 | +€15,377 | +768% |
| Profit (loss) for the period | 9904 | €9,020 | €34,389 | +€25,369 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €9,020 | €34,389 | +€25,369 | +281% |
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 24 October 2026 via checked.be.