L'ART & DECO: 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.
L'ART & DECO
Largest movements
- Financial fixed assets -€57,076
down €57,076 (-50.9%), from €112,046 to €54,970
- Receivables within one year +€51,255
up €51,255 (+962%), from €5,327 to €56,583
- Deferred charges and accrued income +€46,625
new in 2024: €46,625
- Stocks and contracts +€17,780
up €17,780 (+428%), from €4,151 to €21,931
- Cash -€15,457
down €15,457 (-43.8%), from €35,324 to €19,867
mainly Receivables within one year (-€51,255) and Deferred charges and accrued income (-€46,625)
- Tax, wage and social debts +€43,914
up €43,914 (+52.7%), from €83,314 to €127,228
- Profit (loss) carried forward -€16,690
down €16,690 (-30.7%), from €54,395 to €37,705
- Trade debts +€15,013
up €15,013 (+9,689%), from €155 to €15,168
- Turnover +€391,410
new in 2024: €391,410
- Services and other goods +€298,062
new in 2024: €298,062
- Other operating charges +€86,880
up €86,880 (+12,908%), from €673 to €87,553
- Gross operating margin -€22,082
no longer reported in 2024 (was €22,082)
- Financial charges +€16,408
up €16,408 (+10,821%), from €152 to €16,560
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 | €158,324 | €200,561 | +€42,237 | +26.7% |
| Fixed assets | 21/28 | €113,522 | €55,556 | -€57,966 | -51.1% |
| Tangible fixed assets | 22/27 | €1,476 | €586 | -€890 | -60.3% |
| Plant, machinery and equipment | 23 | €1,476 | €586 | -€890 | -60.3% |
| Financial fixed assets | 28 | €112,046 | €54,970 | -€57,076 | -50.9% |
| Other financial fixed assets | 284/8 | - | €54,970 | +€54,970 | |
| Amounts receivable and cash guarantees | 285/8 | - | €54,970 | +€54,970 | |
| Current assets | 29/58 | €44,802 | €145,005 | +€100,203 | +224% |
| Stocks and contracts in progress | 3 | €4,151 | €21,931 | +€17,780 | +428% |
| Stocks | 30/36 | €4,151 | €21,931 | +€17,780 | +428% |
| Goods purchased for resale | 34 | - | €21,931 | +€21,931 | |
| Amounts receivable within one year | 40/41 | €5,327 | €56,583 | +€51,255 | +962% |
| Trade receivables | 40 | €5,327 | €56,583 | +€51,255 | +962% |
| Cash at bank and in hand | 54/58 | €35,324 | €19,867 | -€15,457 | -43.8% |
| Deferred charges and accrued income | 490/1 | - | €46,625 | +€46,625 | |
| Total equity and liabilities | 10/49 | €158,324 | €200,561 | +€42,237 | +26.7% |
| Equity | 10/15 | €74,855 | €58,165 | -€16,690 | -22.3% |
| 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 | €54,395 | €37,705 | -€16,690 | -30.7% |
| Amounts payable | 17/49 | €83,469 | €142,396 | +€58,927 | +70.6% |
| Amounts payable within one year | 42/48 | €83,469 | €142,396 | +€58,927 | +70.6% |
| Trade debts | 44 | €155 | €15,168 | +€15,013 | +9,689% |
| Suppliers | 440/4 | €155 | €15,168 | +€15,013 | +9,689% |
| Taxes, remuneration and social security | 45 | €83,314 | €127,228 | +€43,914 | +52.7% |
| Taxes | 450/3 | €83,314 | €127,228 | +€43,914 | +52.7% |
| Operating income | 70/76A | - | €391,410 | +€391,410 | |
| Turnover | 70 | - | €391,410 | +€391,410 | |
| Non-recurring operating income | 76A | €5,596 | - | -€5,596 | |
| Operating charges | 60/66A | - | €391,540 | +€391,540 | |
| Goods for resale, raw materials and consumables | 60 | - | €4,889 | +€4,889 | |
| Purchases | 600/8 | - | €22,669 | +€22,669 | |
| Change in stocks: decrease (increase) | 609 | - | -€17,780 | -€17,780 | |
| Services and other goods | 61 | - | €298,062 | +€298,062 | |
| Remuneration, social security and pensions | 62 | €18 | €147 | +€129 | +705% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890 | €890 | = | 0.0% |
| Other operating charges | 640/8 | €673 | €87,553 | +€86,880 | +12,908% |
| Gross operating margin | 9900 | €22,082 | - | -€22,082 | |
| Operating profit (loss) | 9901 | €20,500 | -€130 | -€20,631 | |
| Financial charges | 65/66B | €152 | €16,560 | +€16,408 | +10,821% |
| Recurring financial charges | 65 | €152 | €16,560 | +€16,408 | +10,821% |
| Debt charges | 650 | - | €11,293 | +€11,293 | |
| Other financial charges | 652/9 | - | €5,267 | +€5,267 | |
| Profit (loss) for the period before taxes | 9903 | €20,349 | -€16,690 | -€37,039 | |
| Profit (loss) for the period | 9904 | €20,349 | -€16,690 | -€37,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,349 | -€16,690 | -€37,039 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.