A.R.T. Rénov. & Construct.: what changed
What changed
A.R.T. Rénov. & Construct.
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€41,858
2024 · €63,941-€22,083
Equity
€253,497
2024 · €211,639+€41,858
Cash
€3,957
2024 · €44,869-€40,912
Balance sheet total
€366,148
2024 · €394,779-€28,631
Largest movements
Assets
- Cash -€40,912
down €40,912 (-91.2%), from €44,869 to €3,957
mainly Receivables within one year (-€39,954) and Provisions (-€34,442)
- Receivables within one year +€39,954
up €39,954 (+16.7%), from €239,603 to €279,557
of which Other amounts receivable: +€212,126
- Deferred charges and accrued income -€17,830
no longer reported in 2025 (was €17,830)
- Tangible fixed assets -€9,348
down €9,348 (-12.9%), from €72,358 to €63,010
of which Leasing and similar rights: -€14,108
Equity and liabilities
- Profit (loss) carried forward +€41,858
up €41,858 (+21.9%), from €191,179 to €233,037
- Provisions -€34,442
no longer reported in 2025 (was €34,442)
- Current portion of long-term debt -€18,122
down €18,122 (-58.8%), from €30,837 to €12,715
- Debts after one year -€10,413
down €10,413 (-93.9%), from €11,085 to €672
- Accrued charges and deferred income -€9,182
no longer reported in 2025 (was €9,182)
Income statement
- Gross operating margin -€223,527
down €223,527 (-35.6%), from €627,049 to €403,522
- Staff costs -€107,597
down €107,597 (-23.7%), from €454,145 to €346,548
- Provisions -€68,884
down €68,884, from €34,442 to -€34,442
- Taxes -€8,356
down €8,356 (-31.8%), from €26,303 to €17,947
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€63,941
Gross operating margin
-€223,527
Staff costs
+€107,597
Depreciation
+€4,582
Provisions
+€68,884
Other operating charges
+€922
Other operating items
-€58
Financial income
+€5,101
Financial charges
+€6,060
Taxes
+€8,356
Result 2025
€41,858
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,873
Investment
-€26,250
Financing
-€28,535
Cash 2024
€44,869
From operations (derived)
+€13,873
Net result for the year
+€41,858
Depreciation
+€36,093
Receivables within one year
-€39,954
Deferred charges and accrued income
+€17,830
Provisions
-€34,442
Trade debts
+€248
Tax, wage and social debts
-€2,390
Advances received
+€3,812
Accrued charges and deferred income
-€9,182
Investment (derived)
-€26,250
Investment in fixed assets (net)
-€26,250
Financing
-€28,535
Debts after one year
-€10,413
Current portion of long-term debt
-€18,122
Cash 2025
€3,957
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,779 | €366,148 | -€28,631 | -7.3% |
| Fixed assets | 21/28 | €73,477 | €63,634 | -€9,843 | -13.4% |
| Intangible fixed assets | 21 | €619 | €124 | -€495 | -80.0% |
| Tangible fixed assets | 22/27 | €72,358 | €63,010 | -€9,348 | -12.9% |
| Plant, machinery and equipment | 23 | €42,236 | €47,438 | +€5,202 | +12.3% |
| Furniture and vehicles | 24 | €3,134 | €2,692 | -€442 | -14.1% |
| Leasing and similar rights | 25 | €26,988 | €12,880 | -€14,108 | -52.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €321,302 | €302,514 | -€18,788 | -5.8% |
| Stocks and contracts in progress | 3 | €19,000 | €19,000 | = | 0.0% |
| Stocks | 30/36 | €19,000 | €19,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €239,603 | €279,557 | +€39,954 | +16.7% |
| Trade receivables | 40 | €185,277 | €13,105 | -€172,172 | -92.9% |
| Other amounts receivable | 41 | €54,326 | €266,452 | +€212,126 | +390% |
| Cash at bank and in hand | 54/58 | €44,869 | €3,957 | -€40,912 | -91.2% |
| Deferred charges and accrued income | 490/1 | €17,830 | - | -€17,830 | |
| Total equity and liabilities | 10/49 | €394,779 | €366,148 | -€28,631 | -7.3% |
| Equity | 10/15 | €211,639 | €253,497 | +€41,858 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,179 | €233,037 | +€41,858 | +21.9% |
| Provisions and deferred taxes | 16 | €34,442 | - | -€34,442 | |
| Deferred taxes | 168 | €34,442 | - | -€34,442 | |
| Amounts payable | 17/49 | €148,698 | €112,651 | -€36,047 | -24.2% |
| Amounts payable after more than one year | 17 | €11,085 | €672 | -€10,413 | -93.9% |
| Financial debts | 170/4 | €11,085 | €672 | -€10,413 | -93.9% |
| Amounts payable within one year | 42/48 | €128,431 | €111,979 | -€16,452 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €30,837 | €12,715 | -€18,122 | -58.8% |
| Trade debts | 44 | €70,148 | €70,396 | +€248 | +0.4% |
| Suppliers | 440/4 | €70,148 | €70,396 | +€248 | +0.4% |
| Advances received on contracts in progress | 46 | - | €3,812 | +€3,812 | |
| Taxes, remuneration and social security | 45 | €27,446 | €25,056 | -€2,390 | -8.7% |
| Taxes | 450/3 | €26,303 | €25,056 | -€1,247 | -4.7% |
| Remuneration and social security | 454/9 | €1,143 | - | -€1,143 | |
| Accrued charges and deferred income | 492/3 | €9,182 | - | -€9,182 | |
| Remuneration, social security and pensions | 62 | €454,145 | €346,548 | -€107,597 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,675 | €36,093 | -€4,582 | -11.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €34,442 | -€34,442 | -€68,884 | |
| Other operating charges | 640/8 | €2,952 | €2,030 | -€922 | -31.2% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €627,049 | €403,522 | -€223,527 | -35.6% |
| Operating profit (loss) | 9901 | €94,835 | €53,235 | -€41,600 | -43.9% |
| Financial income | 75/76B | €2,916 | €8,017 | +€5,101 | +175% |
| Recurring financial income | 75 | €2,916 | €8,017 | +€5,101 | +175% |
| Financial charges | 65/66B | €7,507 | €1,447 | -€6,060 | -80.7% |
| Recurring financial charges | 65 | €7,507 | €1,447 | -€6,060 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €90,244 | €59,805 | -€30,439 | -33.7% |
| Income taxes | 67/77 | €26,303 | €17,947 | -€8,356 | -31.8% |
| Profit (loss) for the period | 9904 | €63,941 | €41,858 | -€22,083 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,941 | €41,858 | -€22,083 | -34.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.