L'ARTISAN: 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'ARTISAN
Largest movements
- Tangible fixed assets +€853,595
up €853,595 (+104%), from €822,726 to €1.7m
of which Leasing and similar rights: +€475,829
- Receivables within one year +€376,207
up €376,207 (+89.0%), from €422,577 to €798,784
of which Trade receivables: +€290,099
- Debts after one year +€1.1m
up €1.1m (+300%), from €369,912 to €1.5m
of which Financial debts: +€1.1m
- Trade debts -€318,508
down €318,508 (-77.2%), from €412,544 to €94,035
- Reserves +€262,733
up €262,733 (+17.6%), from €1.5m to €1.8m
of which Distributable reserves: +€262,733
- Other debts +€113,264
up €113,264 (+69.1%), from €163,962 to €277,226
- Current portion of long-term debt +€74,044
up €74,044 (+65.5%), from €112,962 to €187,006
- Gross operating margin +€282,089
up €282,089 (+18.4%), from €1.5m to €1.8m
- Staff costs -€80,812
down €80,812 (-9.2%), from €878,347 to €797,535
- Depreciation +€72,514
up €72,514 (+52.5%), from €138,120 to €210,633
- Taxes +€47,901
up €47,901 (+24.5%), from €195,795 to €243,696
- Financial charges +€25,252
up €25,252 (+122%), from €20,753 to €46,004
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 | €3,374,870 | €4,576,039 | +€1.2m | +35.6% |
| Fixed assets | 21/28 | €1,945,176 | €2,798,771 | +€853,595 | +43.9% |
| Intangible fixed assets | 21 | €91,451 | €91,451 | = | 0.0% |
| Tangible fixed assets | 22/27 | €822,726 | €1,676,320 | +€853,595 | +104% |
| Land and buildings | 22 | €24,617 | €73,324 | +€48,707 | +198% |
| Plant, machinery and equipment | 23 | €458,072 | €918,690 | +€460,618 | +101% |
| Furniture and vehicles | 24 | €179,088 | €47,530 | -€131,559 | -73.5% |
| Leasing and similar rights | 25 | €120,948 | €596,777 | +€475,829 | +393% |
| Other tangible fixed assets | 26 | €40,000 | €40,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,031,000 | €1,031,000 | = | 0.0% |
| Current assets | 29/58 | €1,429,694 | €1,777,268 | +€347,574 | +24.3% |
| Stocks and contracts in progress | 3 | €90,199 | €78,733 | -€11,466 | -12.7% |
| Stocks | 30/36 | €90,199 | €78,733 | -€11,466 | -12.7% |
| Amounts receivable within one year | 40/41 | €422,577 | €798,784 | +€376,207 | +89.0% |
| Trade receivables | 40 | €370,754 | €660,853 | +€290,099 | +78.2% |
| Other amounts receivable | 41 | €51,824 | €137,932 | +€86,108 | +166% |
| Cash at bank and in hand | 54/58 | €916,917 | €899,689 | -€17,228 | -1.9% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €3,374,870 | €4,576,039 | +€1.2m | +35.6% |
| Equity | 10/15 | €1,938,949 | €2,201,682 | +€262,733 | +13.6% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €1,493,479 | €1,756,212 | +€262,733 | +17.6% |
| Non-distributable reserves | 130/1 | €9,360 | €9,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,360 | €9,360 | = | 0.0% |
| Distributable reserves | 133 | €1,484,119 | €1,746,852 | +€262,733 | +17.7% |
| Profit (loss) carried forward | 14 | €351,870 | €351,870 | = | 0.0% |
| Amounts payable | 17/49 | €1,435,921 | €2,374,357 | +€938,436 | +65.4% |
| Amounts payable after more than one year | 17 | €369,912 | €1,479,589 | +€1.1m | +300% |
| Financial debts | 170/4 | €253,906 | €1,363,583 | +€1.1m | +437% |
| Other amounts payable | 178/9 | €116,006 | €116,006 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,060,009 | €888,237 | -€171,773 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €112,962 | €187,006 | +€74,044 | +65.5% |
| Financial debts | 43 | €49,833 | €52,749 | +€2,916 | +5.9% |
| Credit institutions | 430/8 | €33,333 | €33,333 | -€0 | 0.0% |
| Other loans | 439 | €16,500 | €19,416 | +€2,916 | +17.7% |
| Trade debts | 44 | €412,544 | €94,035 | -€318,508 | -77.2% |
| Suppliers | 440/4 | €412,544 | €94,035 | -€318,508 | -77.2% |
| Taxes, remuneration and social security | 45 | €320,708 | €277,220 | -€43,488 | -13.6% |
| Taxes | 450/3 | €156,086 | €215,465 | +€59,379 | +38.0% |
| Remuneration and social security | 454/9 | €164,623 | €61,755 | -€102,867 | -62.5% |
| Other amounts payable | 47/48 | €163,962 | €277,226 | +€113,264 | +69.1% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,531 | +€531 | +8.9% |
| Remuneration, social security and pensions | 62 | €878,347 | €797,535 | -€80,812 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,120 | €210,633 | +€72,514 | +52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,828 | +€10,828 | |
| Other operating charges | 640/8 | €6,796 | €12,378 | +€5,582 | +82.1% |
| Gross operating margin | 9900 | €1,533,346 | €1,815,435 | +€282,089 | +18.4% |
| Operating profit (loss) | 9901 | €510,083 | €784,062 | +€273,979 | +53.7% |
| Financial income | 75/76B | €24,501 | €25,754 | +€1,253 | +5.1% |
| Recurring financial income | 75 | €24,501 | €25,754 | +€1,253 | +5.1% |
| Financial charges | 65/66B | €20,753 | €46,004 | +€25,252 | +122% |
| Recurring financial charges | 65 | €20,753 | €46,004 | +€25,252 | +122% |
| Profit (loss) for the period before taxes | 9903 | €513,831 | €763,812 | +€249,980 | +48.7% |
| Income taxes | 67/77 | €195,795 | €243,696 | +€47,901 | +24.5% |
| Profit (loss) for the period | 9904 | €318,036 | €520,115 | +€202,079 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €318,036 | €520,115 | +€202,079 | +63.5% |
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 18 October 2026 via checked.be.