de ARTS: 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.
de ARTS
Largest movements
- Tangible fixed assets -€10,184
down €10,184 (-3.3%), from €310,249 to €300,065
of which Land and buildings: -€9,975
- Receivables within one year +€7,068
up €7,068 (+14.6%), from €48,468 to €55,536
of which Trade receivables: +€7,412
- Profit (loss) carried forward +€16,838
up €16,838 (+14.4%), from -€117,153 to -€100,314
- Debts after one year -€15,000
down €15,000 (-7.4%), from €202,500 to €187,500
- Other debts -€5,730
down €5,730 (-3.7%), from €155,643 to €149,913
- Other operating charges -€8,285
down €8,285 (-98.0%), from €8,450 to €165
- Gross operating margin +€4,646
up €4,646 (+15.2%), from €30,498 to €35,145
- Financial charges +€801
up €801 (+11.2%), from €7,161 to €7,962
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,069 | €359,132 | -€3,938 | -1.1% |
| Fixed assets | 21/28 | €310,249 | €300,065 | -€10,184 | -3.3% |
| Tangible fixed assets | 22/27 | €310,249 | €300,065 | -€10,184 | -3.3% |
| Land and buildings | 22 | €309,388 | €299,414 | -€9,975 | -3.2% |
| Plant, machinery and equipment | 23 | €861 | €651 | -€210 | -24.4% |
| Current assets | 29/58 | €52,820 | €59,066 | +€6,247 | +11.8% |
| Stocks and contracts in progress | 3 | €3,985 | €3,528 | -€457 | -11.5% |
| Stocks | 30/36 | €3,985 | €3,528 | -€457 | -11.5% |
| Amounts receivable within one year | 40/41 | €48,468 | €55,536 | +€7,068 | +14.6% |
| Trade receivables | 40 | €48,124 | €55,536 | +€7,412 | +15.4% |
| Other amounts receivable | 41 | €344 | - | -€344 | |
| Cash at bank and in hand | 54/58 | €1 | €2 | +€2 | +264.9% |
| Deferred charges and accrued income | 490/1 | €366 | - | -€366 | |
| Total equity and liabilities | 10/49 | €363,069 | €359,132 | -€3,938 | -1.1% |
| Equity | 10/15 | -€96,693 | -€79,854 | +€16,838 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,153 | -€100,314 | +€16,838 | +14.4% |
| Amounts payable | 17/49 | €459,762 | €438,986 | -€20,776 | -4.5% |
| Amounts payable after more than one year | 17 | €202,500 | €187,500 | -€15,000 | -7.4% |
| Financial debts | 170/4 | €202,500 | €187,500 | -€15,000 | -7.4% |
| Amounts payable within one year | 42/48 | €257,262 | €251,486 | -€5,776 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €25,740 | €25,740 | = | 0.0% |
| Trade debts | 44 | €61,327 | €60,735 | -€592 | -1.0% |
| Suppliers | 440/4 | €61,327 | €60,735 | -€592 | -1.0% |
| Taxes, remuneration and social security | 45 | €14,553 | €15,099 | +€546 | +3.8% |
| Taxes | 450/3 | €14,553 | €15,099 | +€546 | +3.8% |
| Other amounts payable | 47/48 | €155,643 | €149,913 | -€5,730 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,163 | €10,184 | +€22 | +0.2% |
| Other operating charges | 640/8 | €8,450 | €165 | -€8,285 | -98.0% |
| Gross operating margin | 9900 | €30,498 | €35,145 | +€4,646 | +15.2% |
| Operating profit (loss) | 9901 | €11,885 | €24,795 | +€12,910 | +108.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €7,161 | €7,962 | +€801 | +11.2% |
| Recurring financial charges | 65 | €7,161 | €7,962 | +€801 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €4,724 | €16,838 | +€12,114 | +256.4% |
| Profit (loss) for the period | 9904 | €4,724 | €16,838 | +€12,114 | +256.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,724 | €16,838 | +€12,114 | +256.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.