A.R.J. CONSTRUCT: what changed
Two fiscal 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.
A.R.J. CONSTRUCT
Largest movements
- Cash -€4,965
down €4,965 (-40.3%), from €12,325 to €7,360
mainly Net result for the year (-€2,896) and Other debts (-€1,304)
- Receivables within one year +€443
up €443 (+62.3%), from €711 to €1,154
of which Trade receivables: +€733
- Reserves -€2,896
down €2,896 (-26.8%), from €10,804 to €7,908
- Other debts -€1,304
no longer reported in 2025 (was €1,304)
- Trade debts -€322
down €322 (-34.7%), from €928 to €606
- Staff costs -€1,942
no longer reported in 2025 (was €1,942)
- Gross operating margin +€1,339
up €1,339 (+33.2%), from -€4,034 to -€2,695
- Financial charges +€111
up €111 (+108.8%), from €102 to €213
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,036 | €8,514 | -€4,522 | -34.7% |
| Current assets | 29/58 | €13,036 | €8,514 | -€4,522 | -34.7% |
| Amounts receivable within one year | 40/41 | €711 | €1,154 | +€443 | +62.3% |
| Trade receivables | 40 | - | €733 | +€733 | |
| Other amounts receivable | 41 | €711 | €421 | -€290 | -40.8% |
| Cash at bank and in hand | 54/58 | €12,325 | €7,360 | -€4,965 | -40.3% |
| Total equity and liabilities | 10/49 | €13,036 | €8,514 | -€4,522 | -34.7% |
| Equity | 10/15 | €10,804 | €7,908 | -€2,896 | -26.8% |
| Reserves | 13 | €10,804 | €7,908 | -€2,896 | -26.8% |
| Distributable reserves | 133 | €10,804 | €7,908 | -€2,896 | -26.8% |
| Amounts payable | 17/49 | €2,232 | €606 | -€1,626 | -72.8% |
| Amounts payable within one year | 42/48 | €2,232 | €606 | -€1,626 | -72.8% |
| Trade debts | 44 | €928 | €606 | -€322 | -34.7% |
| Suppliers | 440/4 | €928 | €606 | -€322 | -34.7% |
| Other amounts payable | 47/48 | €1,304 | - | -€1,304 | |
| Remuneration, social security and pensions | 62 | €1,942 | - | -€1,942 | |
| Gross operating margin | 9900 | -€4,034 | -€2,695 | +€1,339 | +33.2% |
| Operating profit (loss) | 9901 | -€5,976 | -€2,695 | +€3,281 | +54.9% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €102 | €213 | +€111 | +108.8% |
| Recurring financial charges | 65 | €102 | €213 | +€111 | +108.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,078 | -€2,892 | +€3,186 | +52.4% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€6,078 | -€2,896 | +€3,182 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,078 | -€2,896 | +€3,182 | +52.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.