Kunstatelier Patrick Velghe: 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.
Kunstatelier Patrick Velghe
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Current portion of long-term debt +€5,716
up €5,716 (+2.6%), from €220,525 to €226,241
- Turnover -€18,944
down €18,944 (-48.4%), from €39,116 to €20,172
- Purchases and services -€17,009
down €17,009 (-42.8%), from €39,784 to €22,775
- Gross operating margin -€2,531
down €2,531, from €832 to -€1,699
- Other operating charges -€1,600
no longer reported in 2024 (was €1,600)
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 | €326,895 | €327,598 | +€703 | +0.2% |
| Fixed assets | 21/28 | €3,800 | €3,800 | = | 0.0% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €323,095 | €323,798 | +€703 | +0.2% |
| Amounts receivable within one year | 40/41 | €315,415 | €317,300 | +€1,885 | +0.6% |
| Trade receivables | 40 | €302,877 | €302,389 | -€488 | -0.2% |
| Other amounts receivable | 41 | €12,538 | €14,911 | +€2,372 | +18.9% |
| Cash at bank and in hand | 54/58 | €1,661 | €936 | -€725 | -43.7% |
| Deferred charges and accrued income | 490/1 | €6,020 | €5,563 | -€457 | -7.6% |
| Total equity and liabilities | 10/49 | €326,895 | €327,598 | +€703 | +0.2% |
| Equity | 10/15 | -€28,016 | -€29,818 | -€1,802 | -6.4% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | - | -€31,000 | |
| Issued capital | 100 | €31,000 | - | -€31,000 | |
| Reserves | 13 | €317 | €317 | = | 0.0% |
| Non-distributable reserves | 130/1 | €317 | €317 | = | 0.0% |
| Legal reserve | 130 | €317 | - | -€317 | |
| Reserves not available under the articles | 1311 | - | €317 | +€317 | |
| Profit (loss) carried forward | 14 | -€59,332 | -€61,135 | -€1,802 | -3.0% |
| Amounts payable | 17/49 | €354,911 | €357,416 | +€2,505 | +0.7% |
| Amounts payable within one year | 42/48 | €354,911 | €357,416 | +€2,505 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €220,525 | €226,241 | +€5,716 | +2.6% |
| Trade debts | 44 | €102,495 | €102,327 | -€168 | -0.2% |
| Suppliers | 440/4 | €102,495 | €102,327 | -€168 | -0.2% |
| Taxes, remuneration and social security | 45 | €14,752 | €11,709 | -€3,042 | -20.6% |
| Taxes | 450/3 | €14,752 | €11,709 | -€3,042 | -20.6% |
| Other amounts payable | 47/48 | €17,139 | €17,139 | = | 0.0% |
| Turnover | 70 | €39,116 | €20,172 | -€18,944 | -48.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,784 | €22,775 | -€17,009 | -42.8% |
| Other operating charges | 640/8 | €1,600 | - | -€1,600 | |
| Gross operating margin | 9900 | €832 | -€1,699 | -€2,531 | |
| Operating profit (loss) | 9901 | -€768 | -€1,699 | -€931 | -121% |
| Financial charges | 65/66B | €78 | €104 | +€25 | +32.3% |
| Recurring financial charges | 65 | €78 | €104 | +€25 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | -€846 | -€1,802 | -€956 | -113% |
| Profit (loss) for the period | 9904 | -€846 | -€1,802 | -€956 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€846 | -€1,802 | -€956 | -113% |
Source: filed annual accounts (NBB), financial years ended 30 April 2023 and 30 April 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.