PRIME 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.
PRIME ART
Largest movements
- Cash +€12,021
up €12,021 (+17,095%), from €70 to €12,091
mainly Advances received (+€57,000) and Depreciation (+€6,223)
- Stocks and contracts +€11,087
up €11,087 (+12.9%), from €85,912 to €96,999
- Receivables within one year +€8,653
up €8,653 (+1,236%), from €700 to €9,353
of which Trade receivables: +€8,601
- Tangible fixed assets -€6,223
down €6,223 (-26.7%), from €23,335 to €17,112
- Advances received +€57,000
new in 2024: €57,000
- Tax, wage and social debts -€19,399
down €19,399 (-62.1%), from €31,240 to €11,842
- Profit (loss) carried forward -€9,335
down €9,335 (-29.2%), from €32,023 to €22,688
- Debts after one year -€6,620
no longer reported in 2024 (was €6,620)
- Trade debts +€3,892
up €3,892 (+19.3%), from €20,134 to €24,026
- Gross operating margin -€44,997
down €44,997, from €44,801 to -€196
- Taxes -€10,158
down €10,158 (-92.3%), from €11,000 to €842
- Depreciation +€4,667
up €4,667 (+300%), from €1,556 to €6,223
- Financial charges +€1,527
up €1,527 (+955%), from €160 to €1,688
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 | €110,017 | €135,556 | +€25,538 | +23.2% |
| Fixed assets | 21/28 | €23,335 | €17,112 | -€6,223 | -26.7% |
| Tangible fixed assets | 22/27 | €23,335 | €17,112 | -€6,223 | -26.7% |
| Furniture and vehicles | 24 | €23,335 | €17,112 | -€6,223 | -26.7% |
| Current assets | 29/58 | €86,683 | €118,444 | +€31,761 | +36.6% |
| Stocks and contracts in progress | 3 | €85,912 | €96,999 | +€11,087 | +12.9% |
| Stocks | 30/36 | €85,912 | €96,999 | +€11,087 | +12.9% |
| Amounts receivable within one year | 40/41 | €700 | €9,353 | +€8,653 | +1,236% |
| Trade receivables | 40 | €700 | €9,301 | +€8,601 | +1,229% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €70 | €12,091 | +€12,021 | +17,095% |
| Total equity and liabilities | 10/49 | €110,017 | €135,556 | +€25,538 | +23.2% |
| Equity | 10/15 | €52,023 | €42,688 | -€9,335 | -17.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Share premium | 1100/10 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €32,023 | €22,688 | -€9,335 | -29.2% |
| Amounts payable | 17/49 | €57,995 | €92,868 | +€34,873 | +60.1% |
| Amounts payable after more than one year | 17 | €6,620 | - | -€6,620 | |
| Other amounts payable | 178/9 | €6,620 | - | -€6,620 | |
| Amounts payable within one year | 42/48 | €51,375 | €92,868 | +€41,493 | +80.8% |
| Trade debts | 44 | €20,134 | €24,026 | +€3,892 | +19.3% |
| Suppliers | 440/4 | €20,134 | €24,026 | +€3,892 | +19.3% |
| Advances received on contracts in progress | 46 | - | €57,000 | +€57,000 | |
| Taxes, remuneration and social security | 45 | €31,240 | €11,842 | -€19,399 | -62.1% |
| Taxes | 450/3 | €31,240 | €11,842 | -€19,399 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €6,223 | +€4,667 | +300% |
| Other operating charges | 640/8 | €63 | €387 | +€324 | +514% |
| Gross operating margin | 9900 | €44,801 | -€196 | -€44,997 | |
| Operating profit (loss) | 9901 | €43,183 | -€6,806 | -€49,988 | |
| Financial charges | 65/66B | €160 | €1,688 | +€1,527 | +955% |
| Recurring financial charges | 65 | €160 | €1,688 | +€1,527 | +955% |
| Profit (loss) for the period before taxes | 9903 | €43,023 | -€8,493 | -€51,516 | |
| Income taxes | 67/77 | €11,000 | €842 | -€10,158 | -92.3% |
| Profit (loss) for the period | 9904 | €32,023 | -€9,335 | -€41,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,023 | -€9,335 | -€41,358 |
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 28 October 2026 via checked.be.