ITS 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.
ITS ART
Largest movements
- Cash +€9,955
up €9,955 (+208%), from €4,790 to €14,746
mainly Other debts (+€21,017) and Trade debts (+€9,882)
- Tangible fixed assets +€3,295
up €3,295 (+219%), from €1,501 to €4,796
of which Plant, machinery and equipment: +€2,159
- Receivables within one year -€2,452
down €2,452 (-2.6%), from €95,765 to €93,313
of which Other amounts receivable: -€1,494
- Other debts +€21,017
up €21,017 (+55.5%), from €37,856 to €58,872
- Tax, wage and social debts -€20,777
down €20,777 (-54.0%), from €38,490 to €17,713
- Trade debts +€9,882
up €9,882 (+263%), from €3,759 to €13,641
- Other operating charges +€1,126
up €1,126 (+77.1%), from €1,461 to €2,586
- Gross operating margin +€844
up €844 (+17.0%), from €4,967 to €5,811
- Financial charges +€719
up €719 (+150%), from €478 to €1,196
- Financial income -€400
down €400 (-99.9%), from €400 to €0
- Depreciation +€388
up €388 (+40.3%), from €963 to €1,351
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,111 | €116,910 | +€10,799 | +10.2% |
| Fixed assets | 21/28 | €1,501 | €4,796 | +€3,295 | +219% |
| Tangible fixed assets | 22/27 | €1,501 | €4,796 | +€3,295 | +219% |
| Land and buildings | 22 | €869 | €538 | -€331 | -38.1% |
| Plant, machinery and equipment | 23 | €633 | €2,791 | +€2,159 | +341% |
| Furniture and vehicles | 24 | - | €1,467 | +€1,467 | |
| Current assets | 29/58 | €104,610 | €112,114 | +€7,504 | +7.2% |
| Stocks and contracts in progress | 3 | €4,055 | €4,055 | = | 0.0% |
| Stocks | 30/36 | €4,055 | €4,055 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,765 | €93,313 | -€2,452 | -2.6% |
| Trade receivables | 40 | €94,270 | €93,313 | -€957 | -1.0% |
| Other amounts receivable | 41 | €1,494 | - | -€1,494 | |
| Cash at bank and in hand | 54/58 | €4,790 | €14,746 | +€9,955 | +208% |
| Total equity and liabilities | 10/49 | €106,111 | €116,910 | +€10,799 | +10.2% |
| Equity | 10/15 | €26,006 | €26,684 | +€677 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,406 | €8,084 | +€677 | +9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,546 | €6,224 | +€677 | +12.2% |
| Amounts payable | 17/49 | €80,105 | €90,226 | +€10,121 | +12.6% |
| Amounts payable within one year | 42/48 | €80,105 | €90,226 | +€10,121 | +12.6% |
| Trade debts | 44 | €3,759 | €13,641 | +€9,882 | +263% |
| Suppliers | 440/4 | €3,759 | €13,641 | +€9,882 | +263% |
| Taxes, remuneration and social security | 45 | €38,490 | €17,713 | -€20,777 | -54.0% |
| Taxes | 450/3 | €38,490 | €17,713 | -€20,777 | -54.0% |
| Other amounts payable | 47/48 | €37,856 | €58,872 | +€21,017 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €1,351 | +€388 | +40.3% |
| Other operating charges | 640/8 | €1,461 | €2,586 | +€1,126 | +77.1% |
| Gross operating margin | 9900 | €4,967 | €5,811 | +€844 | +17.0% |
| Operating profit (loss) | 9901 | €2,543 | €1,873 | -€670 | -26.3% |
| Financial income | 75/76B | €400 | €0 | -€400 | -99.9% |
| Recurring financial income | 75 | €400 | €0 | -€400 | -99.9% |
| Financial charges | 65/66B | €478 | €1,196 | +€719 | +150% |
| Recurring financial charges | 65 | €478 | €1,196 | +€719 | +150% |
| Profit (loss) for the period before taxes | 9903 | €2,466 | €677 | -€1,788 | -72.5% |
| Profit (loss) for the period | 9904 | €2,466 | €677 | -€1,788 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,466 | €677 | -€1,788 | -72.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.