ART CONSTRUCT - DA: 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 CONSTRUCT - DA
Largest movements
- Receivables within one year +€19,698
up €19,698 (+10.7%), from €183,480 to €203,178
of which Other amounts receivable: +€83,419
- Tangible fixed assets +€13,557
up €13,557 (+33.6%), from €40,305 to €53,862
of which Furniture and vehicles: +€19,334
- Profit (loss) carried forward -€56,606
down €56,606 (-133%), from -€42,700 to -€99,306
- Trade debts +€44,417
up €44,417 (+24.8%), from €179,372 to €223,789
- Tax, wage and social debts +€31,684
up €31,684 (+60.2%), from €52,590 to €84,274
of which Remuneration and social security: +€36,923
- Other debts +€24,954
up €24,954 (+1,309%), from €1,907 to €26,861
- Debts after one year -€6,250
down €6,250 (-29.1%), from €21,512 to €15,262
- Staff costs +€77,638
up €77,638 (+46.2%), from €167,942 to €245,579
- Gross operating margin +€75,667
up €75,667 (+56.4%), from €134,083 to €209,750
- Depreciation +€6,485
up €6,485 (+86.3%), from €7,516 to €14,001
- Financial charges +€6,357
up €6,357 (+267%), from €2,379 to €8,736
- Financial income +€3,381
up €3,381 (+185%), from €1,827 to €5,209
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 | €224,095 | €259,630 | +€35,535 | +15.9% |
| Fixed assets | 21/28 | €40,305 | €54,462 | +€14,157 | +35.1% |
| Tangible fixed assets | 22/27 | €40,305 | €53,862 | +€13,557 | +33.6% |
| Plant, machinery and equipment | 23 | €5,191 | €6,614 | +€1,424 | +27.4% |
| Furniture and vehicles | 24 | €6,875 | €26,208 | +€19,334 | +281% |
| Leasing and similar rights | 25 | €26,743 | €20,143 | -€6,600 | -24.7% |
| Other tangible fixed assets | 26 | €1,497 | €897 | -€600 | -40.1% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €183,790 | €205,168 | +€21,378 | +11.6% |
| Amounts receivable within one year | 40/41 | €183,480 | €203,178 | +€19,698 | +10.7% |
| Trade receivables | 40 | €123,285 | €59,564 | -€63,721 | -51.7% |
| Other amounts receivable | 41 | €60,195 | €143,614 | +€83,419 | +139% |
| Cash at bank and in hand | 54/58 | - | €1,491 | +€1,491 | |
| Deferred charges and accrued income | 490/1 | €310 | €499 | +€189 | +60.8% |
| Total equity and liabilities | 10/49 | €224,095 | €259,630 | +€35,535 | +15.9% |
| Equity | 10/15 | -€40,200 | -€96,806 | -€56,606 | -141% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,700 | -€99,306 | -€56,606 | -133% |
| Amounts payable | 17/49 | €264,295 | €356,436 | +€92,141 | +34.9% |
| Amounts payable after more than one year | 17 | €21,512 | €15,262 | -€6,250 | -29.1% |
| Financial debts | 170/4 | €21,512 | €15,262 | -€6,250 | -29.1% |
| Amounts payable within one year | 42/48 | €242,783 | €341,174 | +€98,391 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €5,906 | €6,250 | +€344 | +5.8% |
| Financial debts | 43 | €3,008 | - | -€3,008 | |
| Credit institutions | 430/8 | €3,008 | - | -€3,008 | |
| Trade debts | 44 | €179,372 | €223,789 | +€44,417 | +24.8% |
| Suppliers | 440/4 | €179,372 | €223,789 | +€44,417 | +24.8% |
| Taxes, remuneration and social security | 45 | €52,590 | €84,274 | +€31,684 | +60.2% |
| Taxes | 450/3 | €18,649 | €13,410 | -€5,239 | -28.1% |
| Remuneration and social security | 454/9 | €33,940 | €70,863 | +€36,923 | +109% |
| Other amounts payable | 47/48 | €1,907 | €26,861 | +€24,954 | +1,309% |
| Remuneration, social security and pensions | 62 | €167,942 | €245,579 | +€77,638 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,516 | €14,001 | +€6,485 | +86.3% |
| Other operating charges | 640/8 | €775 | €3,249 | +€2,474 | +319% |
| Gross operating margin | 9900 | €134,083 | €209,750 | +€75,667 | +56.4% |
| Operating profit (loss) | 9901 | -€42,149 | -€53,079 | -€10,930 | -25.9% |
| Financial income | 75/76B | €1,827 | €5,209 | +€3,381 | +185% |
| Recurring financial income | 75 | €1,827 | €5,209 | +€3,381 | +185% |
| Financial charges | 65/66B | €2,379 | €8,736 | +€6,357 | +267% |
| Recurring financial charges | 65 | €2,379 | €8,736 | +€6,357 | +267% |
| Profit (loss) for the period before taxes | 9903 | -€42,700 | -€56,606 | -€13,906 | -32.6% |
| Profit (loss) for the period | 9904 | -€42,700 | -€56,606 | -€13,906 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,700 | -€56,606 | -€13,906 | -32.6% |
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 14 October 2026 via checked.be.