KUNST-PLUS: 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.
KUNST-PLUS
Largest movements
- Tangible fixed assets -€23,668
down €23,668 (-27.2%), from €87,043 to €63,375
of which Land and buildings: -€13,577
- Receivables within one year +€6,764
up €6,764 (+58.6%), from €11,551 to €18,314
- Profit (loss) carried forward -€57,175
down €57,175 (-76.8%), from -€74,470 to -€131,645
- Other debts +€23,005
up €23,005 (+21.9%), from €104,905 to €127,910
- Tax, wage and social debts +€10,104
new in 2023: €10,104
- Trade debts +€8,137
new in 2023: €8,137
- Other operating charges -€10,278
down €10,278 (-96.4%), from €10,663 to €384
- Gross operating margin -€2,824
down €2,824 (-91.5%), from -€3,088 to -€5,913
- Taxes -€1,286
down €1,286 (-100.0%), from €1,286 to €0
- Financial income +€413
up €413 (+73.5%), from €561 to €974
- Depreciation +€59
up €59 (+0.5%), from €11,775 to €11,834
From the 2021 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,606 | €82,676 | -€15,929 | -16.2% |
| Fixed assets | 21/28 | €87,043 | €63,375 | -€23,668 | -27.2% |
| Tangible fixed assets | 22/27 | €87,043 | €63,375 | -€23,668 | -27.2% |
| Land and buildings | 22 | €61,817 | €48,239 | -€13,577 | -22.0% |
| Plant, machinery and equipment | 23 | €25,226 | €15,136 | -€10,090 | -40.0% |
| Current assets | 29/58 | €11,563 | €19,301 | +€7,738 | +66.9% |
| Amounts receivable within one year | 40/41 | €11,551 | €18,314 | +€6,764 | +58.6% |
| Other amounts receivable | 41 | €11,551 | €18,314 | +€6,764 | +58.6% |
| Cash at bank and in hand | 54/58 | €12 | €13 | +€0 | +3.1% |
| Deferred charges and accrued income | 490/1 | - | €974 | +€974 | |
| Total equity and liabilities | 10/49 | €98,606 | €82,676 | -€15,929 | -16.2% |
| Equity | 10/15 | -€6,300 | -€63,475 | -€57,175 | -907.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,470 | -€131,645 | -€57,175 | -76.8% |
| Amounts payable | 17/49 | €104,905 | €146,151 | +€41,246 | +39.3% |
| Amounts payable within one year | 42/48 | €104,905 | €146,151 | +€41,246 | +39.3% |
| Trade debts | 44 | - | €8,137 | +€8,137 | |
| Suppliers | 440/4 | - | €8,137 | +€8,137 | |
| Taxes, remuneration and social security | 45 | - | €10,104 | +€10,104 | |
| Taxes | 450/3 | - | €10,104 | +€10,104 | |
| Other amounts payable | 47/48 | €104,905 | €127,910 | +€23,005 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,775 | €11,834 | +€59 | +0.5% |
| Other operating charges | 640/8 | €10,663 | €384 | -€10,278 | -96.4% |
| Gross operating margin | 9900 | -€3,088 | -€5,913 | -€2,824 | -91.5% |
| Operating profit (loss) | 9901 | -€25,526 | -€18,131 | +€7,395 | +29.0% |
| Financial income | 75/76B | €561 | €974 | +€413 | +73.5% |
| Recurring financial income | 75 | €561 | €974 | +€413 | +73.5% |
| Financial charges | 65/66B | €77 | €102 | +€25 | +32.5% |
| Recurring financial charges | 65 | €77 | €102 | +€25 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,041 | -€17,259 | +€7,782 | +31.1% |
| Income taxes | 67/77 | €1,286 | €0 | -€1,286 | -100.0% |
| Profit (loss) for the period | 9904 | -€26,327 | -€17,259 | +€9,068 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,327 | -€17,259 | +€9,068 | +34.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.