ART BOUWPROJECT: 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.
ART BOUWPROJECT
Largest movements
- Tangible fixed assets +€10,725
up €10,725 (+87.0%), from €12,321 to €23,046
of which Furniture and vehicles: +€11,261
- Receivables within one year +€8,620
up €8,620 (+56.9%), from €15,142 to €23,762
- Cash -€3,167
down €3,167 (-6.5%), from €49,040 to €45,873
mainly Investment in fixed assets (net) (-€16,181) and Receivables within one year (-€8,620)
- Deferred charges and accrued income -€1,140
down €1,140 (-53.4%), from €2,133 to €993
- Trade debts +€12,085
up €12,085 (+352%), from €3,436 to €15,521
- Profit (loss) carried forward +€9,291
up €9,291 (+17.4%), from €53,394 to €62,685
- Current portion of long-term debt -€3,157
down €3,157 (-37.0%), from €8,539 to €5,382
- Debts after one year -€3,098
down €3,098 (-43.2%), from €7,174 to €4,076
- Other operating charges -€10,619
down €10,619 (-93.8%), from €11,320 to €701
- Gross operating margin -€6,125
down €6,125 (-24.1%), from €25,365 to €19,240
- Taxes +€1,640
up €1,640 (+112%), from €1,465 to €3,105
- Financial charges -€790
down €790 (-53.3%), from €1,482 to €692
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.
Derived cash bridge
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 | €78,636 | €93,674 | +€15,038 | +19.1% |
| Fixed assets | 21/28 | €12,321 | €23,046 | +€10,725 | +87.0% |
| Tangible fixed assets | 22/27 | €12,321 | €23,046 | +€10,725 | +87.0% |
| Plant, machinery and equipment | 23 | €1,287 | €751 | -€536 | -41.6% |
| Furniture and vehicles | 24 | €11,034 | €22,295 | +€11,261 | +102% |
| Current assets | 29/58 | €66,315 | €70,628 | +€4,313 | +6.5% |
| Amounts receivable within one year | 40/41 | €15,142 | €23,762 | +€8,620 | +56.9% |
| Other amounts receivable | 41 | €15,142 | €23,762 | +€8,620 | +56.9% |
| Cash at bank and in hand | 54/58 | €49,040 | €45,873 | -€3,167 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,133 | €993 | -€1,140 | -53.4% |
| Total equity and liabilities | 10/49 | €78,636 | €93,674 | +€15,038 | +19.1% |
| Equity | 10/15 | €59,394 | €68,685 | +€9,291 | +15.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,394 | €62,685 | +€9,291 | +17.4% |
| Amounts payable | 17/49 | €19,242 | €24,989 | +€5,747 | +29.9% |
| Amounts payable after more than one year | 17 | €7,174 | €4,076 | -€3,098 | -43.2% |
| Financial debts | 170/4 | €7,174 | €4,076 | -€3,098 | -43.2% |
| Amounts payable within one year | 42/48 | €12,068 | €20,913 | +€8,845 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €8,539 | €5,382 | -€3,157 | -37.0% |
| Trade debts | 44 | €3,436 | €15,521 | +€12,085 | +352% |
| Suppliers | 440/4 | €3,436 | €15,521 | +€12,085 | +352% |
| Other amounts payable | 47/48 | €93 | €10 | -€83 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,240 | €5,456 | +€216 | +4.1% |
| Other operating charges | 640/8 | €11,320 | €701 | -€10,619 | -93.8% |
| Gross operating margin | 9900 | €25,365 | €19,240 | -€6,125 | -24.1% |
| Operating profit (loss) | 9901 | €8,805 | €13,083 | +€4,278 | +48.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,482 | €692 | -€790 | -53.3% |
| Recurring financial charges | 65 | €1,482 | €692 | -€790 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €7,323 | €12,396 | +€5,073 | +69.3% |
| Income taxes | 67/77 | €1,465 | €3,105 | +€1,640 | +112% |
| Profit (loss) for the period | 9904 | €5,858 | €9,291 | +€3,433 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,858 | €9,291 | +€3,433 | +58.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.