ART CONSTRUCTIONS RIGAUX: what changed
Two fiscal 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.
What changed
ART CONSTRUCTIONS RIGAUX
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,143
2024 · €20,539-€8,396
Equity
€554,063
2024 · €650,830-€96,767
Cash
€21,364
2024 · €34,282-€12,918
Balance sheet total
€1.4m
2024 · €1.5m-€76,947
Largest movements
Assets
- Tangible fixed assets -€54,749
down €54,749 (-3.9%), from €1.4m to €1.3m
of which Land and buildings: -€64,245
Equity and liabilities
- Reserves -€96,767
down €96,767 (-31.2%), from €310,482 to €213,715
of which Distributable reserves: -€88,625
- Other debts +€94,409
up €94,409 (+1561.5%), from €6,046 to €100,455
- Debts after one year -€66,406
down €66,406 (-9.9%), from €669,261 to €602,855
of which Financial debts: -€66,406
Income statement
- Gross operating margin -€26,536
down €26,536 (-17.1%), from €155,103 to €128,567
- Write-downs -€14,680
down €14,680 (-100.0%), from €14,680 to €0
- Taxes -€4,039
down €4,039 (-26.2%), from €15,425 to €11,386
- Financial charges -€1,711
down €1,711 (-11.4%), from €15,002 to €13,292
- Other operating charges +€1,604
up €1,604 (+8.9%), from €18,110 to €19,714
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.
Result 2024
€20,539
Gross operating margin
-€26,536
Depreciation
-€1,381
Write-downs
+€14,680
Other operating charges
-€1,604
Financial income
+€694
Financial charges
+€1,711
Taxes
+€4,039
Result 2025
€12,143
Cash bridge derived
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.
From operations
+€181,641
Investment
-€21,118
Financing
-€173,442
Cash 2024
€34,282
From operations (derived)
+€181,641
Net result for the year
+€12,143
Depreciation
+€75,867
Stocks and contracts
+€2,959
Receivables within one year
+€9,206
Deferred charges and accrued income
-€2,884
Provisions
-€3,105
Trade debts
-€831
Tax, wage and social debts
-€10,779
Other debts
+€94,409
Accrued charges and deferred income
+€4,658
Investment (derived)
-€21,118
Investment in fixed assets (net)
-€21,118
Financing
-€173,442
Debts after one year
-€66,406
Current portion of long-term debt
+€1,238
Short-term financial debts
+€636
Contributions, distributions and other
-€108,910
Cash 2025
€21,364
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,491,249 | €1,414,302 | -€76,947 | -5.2% |
| Fixed assets | 21/28 | €1,396,093 | €1,341,344 | -€54,749 | -3.9% |
| Tangible fixed assets | 22/27 | €1,396,093 | €1,341,344 | -€54,749 | -3.9% |
| Land and buildings | 22 | €1,361,342 | €1,297,096 | -€64,245 | -4.7% |
| Plant, machinery and equipment | 23 | €8,901 | €6,679 | -€2,221 | -25.0% |
| Furniture and vehicles | 24 | €25,851 | €37,568 | +€11,718 | +45.3% |
| Current assets | 29/58 | €95,156 | €72,958 | -€22,199 | -23.3% |
| Stocks and contracts in progress | 3 | €43,457 | €40,498 | -€2,959 | -6.8% |
| Stocks | 30/36 | €43,457 | €40,498 | -€2,959 | -6.8% |
| Amounts receivable within one year | 40/41 | €15,675 | €6,469 | -€9,206 | -58.7% |
| Trade receivables | 40 | €1,574 | €351 | -€1,223 | -77.7% |
| Other amounts receivable | 41 | €14,101 | €6,118 | -€7,983 | -56.6% |
| Cash at bank and in hand | 54/58 | €34,282 | €21,364 | -€12,918 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,742 | €4,626 | +€2,884 | +165.6% |
| Total equity and liabilities | 10/49 | €1,491,249 | €1,414,302 | -€76,947 | -5.2% |
| Equity | 10/15 | €650,830 | €554,063 | -€96,767 | -14.9% |
| Contributions | 10/11 | €340,348 | €340,348 | = | 0.0% |
| Capital | 10 | €340,348 | €340,348 | = | 0.0% |
| Issued capital | 100 | €340,348 | €340,348 | = | 0.0% |
| Reserves | 13 | €310,482 | €213,715 | -€96,767 | -31.2% |
| Non-distributable reserves | 130/1 | €13,539 | €14,714 | +€1,174 | +8.7% |
| Legal reserve | 130 | €13,539 | €14,714 | +€1,174 | +8.7% |
| Tax-exempt reserves | 132 | €121,232 | €111,916 | -€9,316 | -7.7% |
| Distributable reserves | 133 | €175,711 | €87,086 | -€88,625 | -50.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €30,073 | €26,968 | -€3,105 | -10.3% |
| Deferred taxes | 168 | €30,073 | €26,968 | -€3,105 | -10.3% |
| Amounts payable | 17/49 | €810,345 | €833,270 | +€22,925 | +2.8% |
| Amounts payable after more than one year | 17 | €669,261 | €602,855 | -€66,406 | -9.9% |
| Financial debts | 170/4 | €667,201 | €600,795 | -€66,406 | -10.0% |
| Other amounts payable | 178/9 | €2,060 | €2,060 | = | 0.0% |
| Amounts payable within one year | 42/48 | €141,084 | €225,758 | +€84,674 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €65,192 | €66,430 | +€1,238 | +1.9% |
| Financial debts | 43 | - | €636 | +€636 | |
| Credit institutions | 430/8 | - | €636 | +€636 | |
| Trade debts | 44 | €43,643 | €42,812 | -€831 | -1.9% |
| Suppliers | 440/4 | €43,643 | €42,812 | -€831 | -1.9% |
| Taxes, remuneration and social security | 45 | €26,203 | €15,424 | -€10,779 | -41.1% |
| Taxes | 450/3 | €26,203 | €15,424 | -€10,779 | -41.1% |
| Other amounts payable | 47/48 | €6,046 | €100,455 | +€94,409 | +1561.5% |
| Accrued charges and deferred income | 492/3 | - | €4,658 | +€4,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,486 | €75,867 | +€1,381 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,680 | €0 | -€14,680 | -100.0% |
| Other operating charges | 640/8 | €18,110 | €19,714 | +€1,604 | +8.9% |
| Gross operating margin | 9900 | €155,103 | €128,567 | -€26,536 | -17.1% |
| Operating profit (loss) | 9901 | €47,827 | €32,987 | -€14,840 | -31.0% |
| Financial income | 75/76B | €34 | €728 | +€694 | +2058.6% |
| Recurring financial income | 75 | €34 | €728 | +€694 | +2058.6% |
| Financial charges | 65/66B | €15,002 | €13,292 | -€1,711 | -11.4% |
| Recurring financial charges | 65 | €15,002 | €13,292 | -€1,711 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €32,859 | €20,423 | -€12,435 | -37.8% |
| Transfer from deferred taxes | 780 | €3,105 | €3,105 | = | 0.0% |
| Income taxes | 67/77 | €15,425 | €11,386 | -€4,039 | -26.2% |
| Profit (loss) for the period | 9904 | €20,539 | €12,143 | -€8,396 | -40.9% |
| Transfer from tax-exempt reserves | 789 | €9,316 | €9,316 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,855 | €21,459 | -€8,396 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.