Paradox Art: what changed
Paradox Art
Largest movements
- Receivables within one year +€75,012
up €75,012 (+15.3%), from €489,868 to €564,881
of which Trade receivables: +€222,084
- Tangible fixed assets -€74,941
down €74,941 (-3.4%), from €2.2m to €2.1m
of which Land and buildings: -€52,796
- Stocks and contracts +€45,460
up €45,460 (+24.6%), from €184,946 to €230,406
of which Stocks: +€45,460
- Cash +€33,879
up €33,879 (+148%), from €22,852 to €56,731
mainly Accrued charges and deferred income (+€252,378) and Net result for the year (+€115,432)
- Accrued charges and deferred income +€252,378
new in 2024: €252,378
- Debts after one year -€121,563
down €121,563 (-13.1%), from €926,952 to €805,390
- Trade debts -€110,410
down €110,410 (-16.5%), from €668,852 to €558,442
- Reserves +€85,432
up €85,432 (+12.9%), from €660,454 to €745,885
of which Distributable reserves: +€85,432
- Advances received +€49,318
up €49,318 (+49.8%), from €99,100 to €148,418
- Staff costs -€53,407
down €53,407 (-24.0%), from €222,412 to €169,006
- Financial income -€42,095
down €42,095 (-94.8%), from €44,425 to €2,330
of which Non-recurring financial income: -€31,383
- Gross operating margin -€20,886
down €20,886 (-3.9%), from €534,897 to €514,011
- Financial charges +€17,883
up €17,883 (+38.3%), from €46,713 to €64,596
of which Financial charges: +€28,553
- Other operating charges +€10,945
up €10,945 (+132%), from €8,261 to €19,206
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,955,239 | €3,036,315 | +€81,076 | +2.7% |
| Fixed assets | 21/28 | €2,240,734 | €2,162,859 | -€77,875 | -3.5% |
| Intangible fixed assets | 21 | €54,728 | €46,239 | -€8,489 | -15.5% |
| Tangible fixed assets | 22/27 | €2,179,690 | €2,104,749 | -€74,941 | -3.4% |
| Land and buildings | 22 | €2,029,556 | €1,976,759 | -€52,796 | -2.6% |
| Plant, machinery and equipment | 23 | €108,616 | €96,769 | -€11,848 | -10.9% |
| Furniture and vehicles | 24 | €29,951 | €21,309 | -€8,642 | -28.9% |
| Other tangible fixed assets | 26 | €11,567 | €9,913 | -€1,655 | -14.3% |
| Financial fixed assets | 28 | €6,316 | €11,871 | +€5,555 | +88.0% |
| Current assets | 29/58 | €714,505 | €873,456 | +€158,951 | +22.2% |
| Stocks and contracts in progress | 3 | €184,946 | €230,406 | +€45,460 | +24.6% |
| Stocks | 30/36 | €141,960 | €187,420 | +€45,460 | +32.0% |
| Contracts in progress | 37 | €42,986 | €42,986 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €489,868 | €564,881 | +€75,012 | +15.3% |
| Trade receivables | 40 | €266,985 | €489,070 | +€222,084 | +83.2% |
| Other amounts receivable | 41 | €222,883 | €75,811 | -€147,072 | -66.0% |
| Cash at bank and in hand | 54/58 | €22,852 | €56,731 | +€33,879 | +148% |
| Deferred charges and accrued income | 490/1 | €16,838 | €21,438 | +€4,599 | +27.3% |
| Total equity and liabilities | 10/49 | €2,955,239 | €3,036,315 | +€81,076 | +2.7% |
| Equity | 10/15 | €679,054 | €764,485 | +€85,432 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €660,454 | €745,885 | +€85,432 | +12.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €658,594 | €744,025 | +€85,432 | +13.0% |
| Amounts payable | 17/49 | €2,276,186 | €2,271,830 | -€4,356 | -0.2% |
| Amounts payable after more than one year | 17 | €926,952 | €805,390 | -€121,563 | -13.1% |
| Financial debts | 170/4 | €926,952 | €805,390 | -€121,563 | -13.1% |
| Amounts payable within one year | 42/48 | €1,349,233 | €1,214,062 | -€135,171 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €121,563 | €121,563 | -€0 | 0.0% |
| Financial debts | 43 | €351,724 | €350,000 | -€1,724 | -0.5% |
| Credit institutions | 430/8 | €1,724 | - | -€1,724 | |
| Other loans | 439 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €668,852 | €558,442 | -€110,410 | -16.5% |
| Suppliers | 440/4 | €668,852 | €558,442 | -€110,410 | -16.5% |
| Advances received on contracts in progress | 46 | €99,100 | €148,418 | +€49,318 | +49.8% |
| Taxes, remuneration and social security | 45 | €80,994 | €35,639 | -€45,355 | -56.0% |
| Taxes | 450/3 | €50,439 | €20,758 | -€29,681 | -58.8% |
| Remuneration and social security | 454/9 | €30,555 | €14,882 | -€15,673 | -51.3% |
| Other amounts payable | 47/48 | €27,000 | - | -€27,000 | |
| Accrued charges and deferred income | 492/3 | - | €252,378 | +€252,378 | |
| Remuneration, social security and pensions | 62 | €222,412 | €169,006 | -€53,407 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,936 | €92,041 | +€4,104 | +4.7% |
| Other operating charges | 640/8 | €8,261 | €19,206 | +€10,945 | +132% |
| Gross operating margin | 9900 | €534,897 | €514,011 | -€20,886 | -3.9% |
| Operating profit (loss) | 9901 | €216,288 | €233,759 | +€17,471 | +8.1% |
| Financial income | 75/76B | €44,425 | €2,330 | -€42,095 | -94.8% |
| Recurring financial income | 75 | €13,042 | €2,330 | -€10,712 | -82.1% |
| Non-recurring financial income | 76B | €31,383 | - | -€31,383 | |
| Financial charges | 65/66B | €46,713 | €64,596 | +€17,883 | +38.3% |
| Recurring financial charges | 65 | €36,043 | €64,596 | +€28,553 | +79.2% |
| Non-recurring financial charges | 66B | €10,670 | - | -€10,670 | |
| Profit (loss) for the period before taxes | 9903 | €214,000 | €171,493 | -€42,507 | -19.9% |
| Income taxes | 67/77 | €57,056 | €56,061 | -€995 | -1.7% |
| Profit (loss) for the period | 9904 | €156,944 | €115,432 | -€41,512 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €156,944 | €115,432 | -€41,512 | -26.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.