KUNSTSIEN: 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.
KUNSTSIEN
Largest movements
- Tangible fixed assets +€849,803
up €849,803 (+88.0%), from €965,916 to €1.8m
- Current investments -€266,080
down €266,080 (-32.2%), from €825,402 to €559,322
- Cash +€156,021
up €156,021 (+260.2%), from €59,970 to €215,991
mainly Net result for the year (+€739,744) and Current investments (+€266,080)
- Equity +€739,744
up €739,744 (+40.0%), from €1.9m to €2.6m
- Gross operating margin +€450,334
up €450,334 (+91.6%), from €491,883 to €942,218
From the 2007 result to the 2008 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 2007 and 2008 balance sheets and the 2008 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2007 | 2008 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,851,288 | €2,591,033 | +€739,744 | +40.0% |
| Fixed assets | 21/28 | €965,916 | €1,815,719 | +€849,803 | +88.0% |
| Tangible fixed assets | 22/27 | €965,916 | €1,815,719 | +€849,803 | +88.0% |
| Current assets | 29/58 | €885,372 | €775,313 | -€110,059 | -12.4% |
| Current investments | 50/53 | €825,402 | €559,322 | -€266,080 | -32.2% |
| Cash at bank and in hand | 54/58 | €59,970 | €215,991 | +€156,021 | +260.2% |
| Total equity and liabilities | 10/49 | €1,851,288 | €2,591,033 | +€739,744 | +40.0% |
| Equity | 10/15 | €1,851,288 | €2,591,033 | +€739,744 | +40.0% |
| Profit (loss) carried forward | 14 | €1,848,788 | €2,588,533 | +€739,744 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197 | €197 | = | 0.0% |
| Gross operating margin | 9900 | €491,883 | €942,218 | +€450,334 | +91.6% |
| Operating profit (loss) | 9901 | €489,232 | €938,784 | +€449,552 | +91.9% |
| Recurring financial income | 75 | €25,810 | €43,194 | +€17,385 | +67.4% |
| Recurring financial charges | 65 | €34,659 | €242,234 | +€207,575 | +598.9% |
| Profit (loss) for the period before taxes | 9903 | €480,383 | €739,744 | +€259,361 | +54.0% |
| Profit (loss) for the period | 9904 | €480,383 | €739,744 | +€259,361 | +54.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2007 and 31 December 2008. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.