ART CONSTRUCT EUROPA: 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 EUROPA
Largest movements
- Tangible fixed assets -€12,735
down €12,735 (-80.5%), from €15,815 to €3,080
- Receivables within one year -€10,602
down €10,602 (-15.6%), from €67,791 to €57,189
of which Trade receivables: -€15,824
- Profit (loss) carried forward -€16,920
down €16,920 (-64.5%), from €26,240 to €9,320
- Trade debts +€14,038
up €14,038 (+194%), from €7,247 to €21,285
- Debts after one year -€10,290
no longer reported in 2024 (was €10,290)
- Short-term financial debts -€6,044
down €6,044 (-73.2%), from €8,256 to €2,212
- Current portion of long-term debt -€4,121
down €4,121 (-35.9%), from €11,469 to €7,349
- Gross operating margin -€16,488
down €16,488, from €8,657 to -€7,831
- Depreciation -€5,832
down €5,832 (-65.4%), from €8,912 to €3,080
- Financial charges -€4,525
down €4,525 (-57.5%), from €7,875 to €3,349
of which Non-recurring financial charges: -€6,413
- Taxes +€1,718
new in 2024: €1,718
- Other operating charges -€363
down €363 (-49.8%), from €730 to €367
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,962 | €60,625 | -€23,337 | -27.8% |
| Fixed assets | 21/28 | €15,815 | €3,080 | -€12,735 | -80.5% |
| Tangible fixed assets | 22/27 | €15,815 | €3,080 | -€12,735 | -80.5% |
| Furniture and vehicles | 24 | €15,815 | €3,080 | -€12,735 | -80.5% |
| Current assets | 29/58 | €68,147 | €57,545 | -€10,602 | -15.6% |
| Amounts receivable within one year | 40/41 | €67,791 | €57,189 | -€10,602 | -15.6% |
| Trade receivables | 40 | €47,333 | €31,509 | -€15,824 | -33.4% |
| Other amounts receivable | 41 | €20,459 | €25,680 | +€5,221 | +25.5% |
| Deferred charges and accrued income | 490/1 | €356 | €356 | = | 0.0% |
| Total equity and liabilities | 10/49 | €83,962 | €60,625 | -€23,337 | -27.8% |
| Equity | 10/15 | €46,700 | €29,780 | -€16,920 | -36.2% |
| 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 | €26,240 | €9,320 | -€16,920 | -64.5% |
| Amounts payable | 17/49 | €37,262 | €30,845 | -€6,417 | -17.2% |
| Amounts payable after more than one year | 17 | €10,290 | - | -€10,290 | |
| Financial debts | 170/4 | €10,290 | - | -€10,290 | |
| Amounts payable within one year | 42/48 | €26,972 | €30,845 | +€3,873 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €11,469 | €7,349 | -€4,121 | -35.9% |
| Financial debts | 43 | €8,256 | €2,212 | -€6,044 | -73.2% |
| Credit institutions | 430/8 | €8,256 | €2,212 | -€6,044 | -73.2% |
| Trade debts | 44 | €7,247 | €21,285 | +€14,038 | +194% |
| Suppliers | 440/4 | €7,247 | €21,285 | +€14,038 | +194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,912 | €3,080 | -€5,832 | -65.4% |
| Other operating charges | 640/8 | €730 | €367 | -€363 | -49.8% |
| Non-recurring operating charges | 66A | - | €575 | +€575 | |
| Gross operating margin | 9900 | €8,657 | -€7,831 | -€16,488 | |
| Operating profit (loss) | 9901 | -€985 | -€11,853 | -€10,868 | -1,104% |
| Financial charges | 65/66B | €7,875 | €3,349 | -€4,525 | -57.5% |
| Recurring financial charges | 65 | €1,462 | €3,349 | +€1,888 | +129% |
| Non-recurring financial charges | 66B | €6,413 | - | -€6,413 | |
| Profit (loss) for the period before taxes | 9903 | -€8,859 | -€15,202 | -€6,343 | -71.6% |
| Income taxes | 67/77 | - | €1,718 | +€1,718 | |
| Profit (loss) for the period | 9904 | -€8,859 | -€16,920 | -€8,061 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,859 | -€16,920 | -€8,061 | -91.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.