MODERN ART: 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.
MODERN ART
Largest movements
- Cash +€7,885
up €7,885 (+1,476%), from €534 to €8,420
mainly Other debts (+€26,279) and Accrued charges and deferred income (+€4,548)
- Other debts +€26,279
up €26,279 (+416%), from €6,310 to €32,588
- Short-term financial debts -€24,712
no longer reported in 2024 (was €24,712)
- Accrued charges and deferred income +€4,548
new in 2024: €4,548
- Profit (loss) carried forward +€2,411
up €2,411 (+9.6%), from -€25,064 to -€22,653
- Gross operating margin +€11,728
up €11,728, from -€8,361 to €3,367
- Financial charges -€2,500
down €2,500 (-82.1%), from €3,046 to €546
- Other operating charges -€530
down €530 (-56.4%), from €939 to €410
- Taxes -€97
no longer reported in 2024 (was €97)
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 | €87,810 | €95,640 | +€7,830 | +8.9% |
| Current assets | 29/58 | €87,810 | €95,640 | +€7,830 | +8.9% |
| Stocks and contracts in progress | 3 | €85,590 | €85,590 | = | 0.0% |
| Stocks | 30/36 | €85,590 | €85,590 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,687 | €1,631 | -€56 | -3.3% |
| Other amounts receivable | 41 | €1,687 | €1,631 | -€56 | -3.3% |
| Cash at bank and in hand | 54/58 | €534 | €8,420 | +€7,885 | +1,476% |
| Total equity and liabilities | 10/49 | €87,810 | €95,640 | +€7,830 | +8.9% |
| Equity | 10/15 | €54,611 | €57,022 | +€2,411 | +4.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Reserves | 13 | €17,701 | €17,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | - | -€6,197 | |
| Distributable reserves | 133 | €11,504 | €11,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,064 | -€22,653 | +€2,411 | +9.6% |
| Amounts payable | 17/49 | €33,200 | €38,618 | +€5,418 | +16.3% |
| Amounts payable within one year | 42/48 | €33,200 | €34,071 | +€871 | +2.6% |
| Financial debts | 43 | €24,712 | - | -€24,712 | |
| Credit institutions | 430/8 | €24,712 | - | -€24,712 | |
| Trade debts | 44 | €2,178 | €1,482 | -€696 | -32.0% |
| Suppliers | 440/4 | €2,178 | €1,482 | -€696 | -32.0% |
| Other amounts payable | 47/48 | €6,310 | €32,588 | +€26,279 | +416% |
| Accrued charges and deferred income | 492/3 | - | €4,548 | +€4,548 | |
| Other operating charges | 640/8 | €939 | €410 | -€530 | -56.4% |
| Gross operating margin | 9900 | -€8,361 | €3,367 | +€11,728 | |
| Operating profit (loss) | 9901 | -€9,300 | €2,957 | +€12,257 | |
| Financial charges | 65/66B | €3,046 | €546 | -€2,500 | -82.1% |
| Recurring financial charges | 65 | €3,046 | €546 | -€2,500 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,346 | €2,411 | +€14,757 | |
| Income taxes | 67/77 | €97 | - | -€97 | |
| Profit (loss) for the period | 9904 | -€12,443 | €2,411 | +€14,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,443 | €2,411 | +€14,854 |
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 21 October 2026 via checked.be.