ART IMMO CONCEPT: 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 IMMO CONCEPT
Largest movements
- Stocks and contracts -€283,139
down €283,139 (-85.0%), from €333,139 to €50,000
- Receivables within one year +€89,733
up €89,733 (+22,678%), from €396 to €90,129
of which Other amounts receivable: +€89,096
- Cash +€20,466
up €20,466, from €0 to €20,466
mainly Stocks and contracts (+€283,139) and Net result for the year (+€59,661)
- Trade debts -€222,979
down €222,979 (-72.4%), from €307,929 to €84,951
- Profit (loss) carried forward +€59,661
up €59,661, from -€20,673 to €38,987
- Other debts -€20,700
down €20,700 (-100%), from €20,700 to €0
- Tax, wage and social debts +€11,079
up €11,079 (+159%), from €6,978 to €18,057
- Gross operating margin +€82,771
up €82,771, from -€3,043 to €79,728
- Taxes +€18,057
new in 2025: €18,057
- Other operating charges -€3,580
down €3,580 (-61.6%), from €5,809 to €2,229
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 | €333,535 | €160,595 | -€172,940 | -51.9% |
| Current assets | 29/58 | €333,535 | €160,595 | -€172,940 | -51.9% |
| Stocks and contracts in progress | 3 | €333,139 | €50,000 | -€283,139 | -85.0% |
| Stocks | 30/36 | €333,139 | €50,000 | -€283,139 | -85.0% |
| Amounts receivable within one year | 40/41 | €396 | €90,129 | +€89,733 | +22,678% |
| Trade receivables | 40 | - | €637 | +€637 | |
| Other amounts receivable | 41 | €396 | €89,491 | +€89,096 | +22,517% |
| Cash at bank and in hand | 54/58 | €0 | €20,466 | +€20,466 | |
| Total equity and liabilities | 10/49 | €333,535 | €160,595 | -€172,940 | -51.9% |
| Equity | 10/15 | -€2,073 | €57,587 | +€59,661 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,673 | €38,987 | +€59,661 | |
| Amounts payable | 17/49 | €335,608 | €103,007 | -€232,601 | -69.3% |
| Amounts payable within one year | 42/48 | €335,608 | €103,007 | -€232,601 | -69.3% |
| Trade debts | 44 | €307,929 | €84,951 | -€222,979 | -72.4% |
| Suppliers | 440/4 | €307,929 | €84,951 | -€222,979 | -72.4% |
| Taxes, remuneration and social security | 45 | €6,978 | €18,057 | +€11,079 | +159% |
| Taxes | 450/3 | €6,978 | €18,057 | +€11,079 | +159% |
| Other amounts payable | 47/48 | €20,700 | €0 | -€20,700 | -100% |
| Other operating charges | 640/8 | €5,809 | €2,229 | -€3,580 | -61.6% |
| Gross operating margin | 9900 | -€3,043 | €79,728 | +€82,771 | |
| Operating profit (loss) | 9901 | -€8,852 | €77,499 | +€86,352 | |
| Financial income | 75/76B | - | €218 | +€218 | |
| Recurring financial income | 75 | - | €218 | +€218 | |
| Financial charges | 65/66B | €140 | - | -€140 | |
| Recurring financial charges | 65 | €140 | - | -€140 | |
| Profit (loss) for the period before taxes | 9903 | -€8,993 | €77,718 | +€86,710 | |
| Income taxes | 67/77 | - | €18,057 | +€18,057 | |
| Profit (loss) for the period | 9904 | -€8,993 | €59,661 | +€68,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,993 | €59,661 | +€68,653 |
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.