ART BUILDERS: 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 BUILDERS
Largest movements
- Receivables within one year +€3,169
up €3,169 (+116%), from €2,726 to €5,895
of which Trade receivables: +€2,701
- Tangible fixed assets +€589
new in 2025: €589
- Cash -€284
down €284 (-15.5%), from €1,836 to €1,552
mainly Receivables within one year (-€3,169) and Investment in fixed assets (net) (-€814)
- Financial fixed assets +€100
up €100 (+100%), from €100 to €200
- Profit (loss) carried forward +€1,908
up €1,908, from -€1,252 to €655
- Trade debts +€1,173
up €1,173 (+1,478%), from €79 to €1,252
- Tax, wage and social debts +€493
new in 2025: €493
- Taxes +€493
new in 2025: €493
- Gross operating margin -€246
down €246 (-7.9%), from €3,137 to €2,890
- Depreciation -€119
down €119 (-48.6%), from €244 to €125
- Financial charges -€78
down €78 (-30.8%), from €253 to €175
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 | €5,027 | €8,601 | +€3,574 | +71.1% |
| Fixed assets | 21/28 | €100 | €789 | +€689 | +689% |
| Tangible fixed assets | 22/27 | - | €589 | +€589 | |
| Furniture and vehicles | 24 | - | €589 | +€589 | |
| Financial fixed assets | 28 | €100 | €200 | +€100 | +100% |
| Current assets | 29/58 | €4,927 | €7,812 | +€2,885 | +58.6% |
| Amounts receivable within one year | 40/41 | €2,726 | €5,895 | +€3,169 | +116% |
| Trade receivables | 40 | €2,000 | €4,701 | +€2,701 | +135% |
| Other amounts receivable | 41 | €726 | €1,194 | +€468 | +64.4% |
| Cash at bank and in hand | 54/58 | €1,836 | €1,552 | -€284 | -15.5% |
| Deferred charges and accrued income | 490/1 | €365 | €365 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,027 | €8,601 | +€3,574 | +71.1% |
| Equity | 10/15 | €4,948 | €6,855 | +€1,908 | +38.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,252 | €655 | +€1,908 | |
| Amounts payable | 17/49 | €79 | €1,746 | +€1,666 | +2,099% |
| Amounts payable within one year | 42/48 | €79 | €1,746 | +€1,666 | +2,099% |
| Trade debts | 44 | €79 | €1,252 | +€1,173 | +1,478% |
| Suppliers | 440/4 | €79 | €1,252 | +€1,173 | +1,478% |
| Taxes, remuneration and social security | 45 | - | €493 | +€493 | |
| Taxes | 450/3 | - | €493 | +€493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244 | €125 | -€119 | -48.6% |
| Other operating charges | 640/8 | €185 | €190 | +€6 | +3.1% |
| Gross operating margin | 9900 | €3,137 | €2,890 | -€246 | -7.9% |
| Operating profit (loss) | 9901 | €2,708 | €2,575 | -€134 | -4.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,300% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,300% |
| Financial charges | 65/66B | €253 | €175 | -€78 | -30.8% |
| Recurring financial charges | 65 | €253 | €175 | -€78 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €2,456 | €2,401 | -€55 | -2.2% |
| Income taxes | 67/77 | - | €493 | +€493 | |
| Profit (loss) for the period | 9904 | €2,456 | €1,908 | -€548 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,456 | €1,908 | -€548 | -22.3% |
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 20 October 2026 via checked.be.