ART - GREEN: what changed
What changed
ART - GREEN
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€98,869
2024 · €106,359-€7,490
Equity
€644,400
2024 · €549,598+€94,802
Cash
€223,544
2024 · €243,257-€19,713
Balance sheet total
€2.1m
2024 · €2.0m+€115,295
Largest movements
Assets
- Tangible fixed assets +€225,779
up €225,779 (+16.5%), from €1.4m to €1.6m
of which Plant, machinery and equipment: +€214,478
- Receivables within one year -€52,639
down €52,639 (-17.3%), from €303,729 to €251,090
of which Other amounts receivable: -€32,822
- Stocks and contracts -€38,749
down €38,749 (-41.5%), from €93,450 to €54,701
Equity and liabilities
- Debts after one year +€117,910
up €117,910 (+11.9%), from €988,066 to €1.1m
of which Financial debts: +€61,031
- Reserves +€93,900
up €93,900 (+26.1%), from €360,205 to €454,105
of which Distributable reserves: +€93,900
- Trade debts -€60,232
down €60,232 (-50.0%), from €120,560 to €60,328
- Other debts -€59,653
down €59,653 (-80.6%), from €73,996 to €14,343
Income statement
- Depreciation +€44,943
up €44,943 (+26.9%), from €166,846 to €211,789
- Staff costs -€40,881
down €40,881 (-7.7%), from €532,030 to €491,149
- Financial income -€13,552
down €13,552 (-68.3%), from €19,856 to €6,304
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€106,359
Gross operating margin
+€2,105
Staff costs
+€40,881
Depreciation
-€44,943
Other operating charges
+€589
Other operating items
+€2,884
Financial income
-€13,552
Financial charges
-€353
Taxes
+€4,899
Result 2025
€98,869
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€300,057
Investment
-€437,568
Financing
+€117,798
Cash 2024
€243,257
From operations (derived)
+€300,057
Net result for the year
+€98,869
Depreciation
+€211,789
Stocks and contracts
+€38,749
Receivables within one year
+€52,639
Deferred charges and accrued income
-€617
Trade debts
-€60,232
Tax, wage and social debts
+€18,513
Other debts
-€59,653
Investment (derived)
-€437,568
Investment in fixed assets (net)
-€437,568
Financing
+€117,798
Debts after one year
+€117,910
Current portion of long-term debt
+€3,955
Contributions, distributions and other
-€4,067
Cash 2025
€223,544
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,033,055 | €2,148,350 | +€115,295 | +5.7% |
| Fixed assets | 21/28 | €1,373,019 | €1,598,798 | +€225,779 | +16.4% |
| Tangible fixed assets | 22/27 | €1,372,355 | €1,598,134 | +€225,779 | +16.5% |
| Land and buildings | 22 | €627,300 | €606,850 | -€20,450 | -3.3% |
| Plant, machinery and equipment | 23 | €707,765 | €922,243 | +€214,478 | +30.3% |
| Furniture and vehicles | 24 | €37,290 | €69,041 | +€31,751 | +85.1% |
| Financial fixed assets | 28 | €664 | €664 | = | 0.0% |
| Current assets | 29/58 | €660,036 | €549,552 | -€110,484 | -16.7% |
| Stocks and contracts in progress | 3 | €93,450 | €54,701 | -€38,749 | -41.5% |
| Stocks | 30/36 | €93,450 | €54,701 | -€38,749 | -41.5% |
| Amounts receivable within one year | 40/41 | €303,729 | €251,090 | -€52,639 | -17.3% |
| Trade receivables | 40 | €269,232 | €249,415 | -€19,817 | -7.4% |
| Other amounts receivable | 41 | €34,497 | €1,675 | -€32,822 | -95.1% |
| Cash at bank and in hand | 54/58 | €243,257 | €223,544 | -€19,713 | -8.1% |
| Deferred charges and accrued income | 490/1 | €19,600 | €20,217 | +€617 | +3.1% |
| Total equity and liabilities | 10/49 | €2,033,055 | €2,148,350 | +€115,295 | +5.7% |
| Equity | 10/15 | €549,598 | €644,400 | +€94,802 | +17.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €360,205 | €454,105 | +€93,900 | +26.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,305 | €42,305 | = | 0.0% |
| Distributable reserves | 133 | €311,700 | €405,600 | +€93,900 | +30.1% |
| Profit (loss) carried forward | 14 | €83,256 | €88,225 | +€4,969 | +6.0% |
| Investment grants | 15 | €44,137 | €40,070 | -€4,067 | -9.2% |
| Amounts payable | 17/49 | €1,483,457 | €1,503,950 | +€20,493 | +1.4% |
| Amounts payable after more than one year | 17 | €988,066 | €1,105,976 | +€117,910 | +11.9% |
| Financial debts | 170/4 | €606,703 | €667,734 | +€61,031 | +10.1% |
| Other amounts payable | 178/9 | €381,363 | €438,242 | +€56,879 | +14.9% |
| Amounts payable within one year | 42/48 | €492,591 | €395,174 | -€97,417 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €188,446 | €192,401 | +€3,955 | +2.1% |
| Trade debts | 44 | €120,560 | €60,328 | -€60,232 | -50.0% |
| Suppliers | 440/4 | €120,560 | €60,328 | -€60,232 | -50.0% |
| Taxes, remuneration and social security | 45 | €109,589 | €128,102 | +€18,513 | +16.9% |
| Taxes | 450/3 | €39,416 | €51,505 | +€12,089 | +30.7% |
| Remuneration and social security | 454/9 | €70,173 | €76,597 | +€6,424 | +9.2% |
| Other amounts payable | 47/48 | €73,996 | €14,343 | -€59,653 | -80.6% |
| Accrued charges and deferred income | 492/3 | €2,800 | €2,800 | = | 0.0% |
| Non-recurring operating income | 76A | €633 | €2,720 | +€2,087 | +330% |
| Remuneration, social security and pensions | 62 | €532,030 | €491,149 | -€40,881 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,846 | €211,789 | +€44,943 | +26.9% |
| Other operating charges | 640/8 | €9,527 | €8,938 | -€589 | -6.2% |
| Non-recurring operating charges | 66A | €3,050 | €166 | -€2,884 | -94.6% |
| Gross operating margin | 9900 | €873,000 | €875,105 | +€2,105 | +0.2% |
| Operating profit (loss) | 9901 | €161,547 | €163,063 | +€1,516 | +0.9% |
| Financial income | 75/76B | €19,856 | €6,304 | -€13,552 | -68.3% |
| Recurring financial income | 75 | €19,856 | €6,304 | -€13,552 | -68.3% |
| Financial charges | 65/66B | €41,643 | €41,996 | +€353 | +0.8% |
| Recurring financial charges | 65 | €41,643 | €41,996 | +€353 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €139,760 | €127,371 | -€12,389 | -8.9% |
| Income taxes | 67/77 | €33,401 | €28,502 | -€4,899 | -14.7% |
| Profit (loss) for the period | 9904 | €106,359 | €98,869 | -€7,490 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,359 | €98,869 | -€7,490 | -7.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.