ART PROJECT ARCHITECTES: 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 PROJECT ARCHITECTES
Largest movements
- Receivables within one year +€24,030
up €24,030 (+24.8%), from €96,717 to €120,748
of which Other amounts receivable: +€14,577
- Intangible fixed assets -€12,500
down €12,500 (-20.0%), from €62,500 to €50,000
- Cash -€3,383
down €3,383 (-17.7%), from €19,138 to €15,755
mainly Receivables within one year (-€24,030) and Contributions, distributions and other (-€19,257)
- Other debts +€11,036
up €11,036 (+14.2%), from €77,618 to €88,654
- Tax, wage and social debts -€5,931
down €5,931 (-66.4%), from €8,933 to €3,002
of which Taxes: -€7,015
- Current portion of long-term debt +€3,530
up €3,530 (+231%), from €1,529 to €5,060
- Trade debts +€2,866
up €2,866 (+18.9%), from €15,149 to €18,015
- Gross operating margin -€40,541
down €40,541 (-36.1%), from €112,346 to €71,804
- Taxes -€13,599
down €13,599 (-62.9%), from €21,631 to €8,031
- Financial charges +€2,374
up €2,374 (+171%), from €1,387 to €3,761
- Staff costs +€2,175
up €2,175 (+14.6%), from €14,887 to €17,062
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 | €200,240 | €211,742 | +€11,502 | +5.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €82,263 | €71,518 | -€10,745 | -13.1% |
| Intangible fixed assets | 21 | €62,500 | €50,000 | -€12,500 | -20.0% |
| Tangible fixed assets | 22/27 | €19,653 | €21,407 | +€1,755 | +8.9% |
| Plant, machinery and equipment | 23 | €7,497 | €6,376 | -€1,121 | -15.0% |
| Furniture and vehicles | 24 | €12,156 | €15,032 | +€2,876 | +23.7% |
| Financial fixed assets | 28 | €111 | €111 | = | 0.0% |
| Current assets | 29/58 | €117,977 | €140,224 | +€22,247 | +18.9% |
| Amounts receivable within one year | 40/41 | €96,717 | €120,748 | +€24,030 | +24.8% |
| Trade receivables | 40 | €87,199 | €96,652 | +€9,454 | +10.8% |
| Other amounts receivable | 41 | €9,518 | €24,095 | +€14,577 | +153% |
| Cash at bank and in hand | 54/58 | €19,138 | €15,755 | -€3,383 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,122 | €3,721 | +€1,600 | +75.4% |
| Total equity and liabilities | 10/49 | €200,240 | €211,742 | +€11,502 | +5.7% |
| Equity | 10/15 | €97,012 | €97,012 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,812 | €90,812 | = | 0.0% |
| Distributable reserves | 133 | €90,812 | €90,812 | = | 0.0% |
| Amounts payable | 17/49 | €103,228 | €114,730 | +€11,502 | +11.1% |
| Amounts payable within one year | 42/48 | €103,228 | €114,730 | +€11,502 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €1,529 | €5,060 | +€3,530 | +231% |
| Trade debts | 44 | €15,149 | €18,015 | +€2,866 | +18.9% |
| Suppliers | 440/4 | €15,149 | €18,015 | +€2,866 | +18.9% |
| Taxes, remuneration and social security | 45 | €8,933 | €3,002 | -€5,931 | -66.4% |
| Taxes | 450/3 | €8,933 | €1,917 | -€7,015 | -78.5% |
| Remuneration and social security | 454/9 | - | €1,084 | +€1,084 | |
| Other amounts payable | 47/48 | €77,618 | €88,654 | +€11,036 | +14.2% |
| Remuneration, social security and pensions | 62 | €14,887 | €17,062 | +€2,175 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,781 | €23,764 | +€983 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€659 | - | +€659 | |
| Other operating charges | 640/8 | €1,305 | €790 | -€514 | -39.4% |
| Gross operating margin | 9900 | €112,346 | €71,804 | -€40,541 | -36.1% |
| Operating profit (loss) | 9901 | €74,032 | €30,188 | -€43,843 | -59.2% |
| Financial income | 75/76B | €340 | €861 | +€520 | +153% |
| Recurring financial income | 75 | €340 | €861 | +€520 | +153% |
| Financial charges | 65/66B | €1,387 | €3,761 | +€2,374 | +171% |
| Recurring financial charges | 65 | €1,387 | €3,761 | +€2,374 | +171% |
| Profit (loss) for the period before taxes | 9903 | €72,985 | €27,288 | -€45,697 | -62.6% |
| Income taxes | 67/77 | €21,631 | €8,031 | -€13,599 | -62.9% |
| Profit (loss) for the period | 9904 | €51,355 | €19,257 | -€32,098 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,355 | €19,257 | -€32,098 | -62.5% |
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 28 October 2026 via checked.be.