ARTE CONSTRUCTO: 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.
ARTE CONSTRUCTO
Largest movements
- Current investments -€75,783
down €75,783 (-71.6%), from €105,879 to €30,096
- Receivables within one year +€62,818
up €62,818 (+46.8%), from €134,344 to €197,162
of which Other amounts receivable: +€89,443
- Stocks and contracts +€41,713
up €41,713 (+10.3%), from €403,218 to €444,931
- Cash -€36,724
down €36,724 (-54.2%), from €67,748 to €31,024
mainly Net result for the year (-€78,894) and Receivables within one year (-€62,818)
- Tangible fixed assets -€31,167
down €31,167 (-19.0%), from €164,414 to €133,247
of which Furniture and vehicles: -€29,766
- Trade debts +€90,308
up €90,308 (+66.9%), from €135,018 to €225,326
- Profit (loss) carried forward -€78,894
down €78,894, from €4,377 to -€74,517
- Current portion of long-term debt +€51,070
up €51,070 (+111.1%), from €45,965 to €97,035
- Other debts -€50,000
no longer reported in 2026 (was €50,000)
- Debts after one year -€47,035
down €47,035 (-68.7%), from €68,422 to €21,387
- Gross operating margin -€116,467
down €116,467 (-16.4%), from €709,432 to €592,965
- Financial income -€38,097
down €38,097 (-86.7%), from €43,917 to €5,820
- Staff costs +€31,012
up €31,012 (+5.6%), from €553,836 to €584,848
- Taxes -€26,612
down €26,612 (-94.4%), from €28,192 to €1,580
- Other operating charges -€9,244
down €9,244 (-31.6%), from €29,262 to €20,018
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €891,008 | €849,108 | -€41,900 | -4.7% |
| Fixed assets | 21/28 | €164,422 | €133,247 | -€31,175 | -19.0% |
| Intangible fixed assets | 21 | €8 | - | -€8 | |
| Tangible fixed assets | 22/27 | €164,414 | €133,247 | -€31,167 | -19.0% |
| Plant, machinery and equipment | 23 | €20,242 | €18,841 | -€1,401 | -6.9% |
| Furniture and vehicles | 24 | €142,432 | €112,666 | -€29,766 | -20.9% |
| Other tangible fixed assets | 26 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €726,586 | €715,861 | -€10,725 | -1.5% |
| Stocks and contracts in progress | 3 | €403,218 | €444,931 | +€41,713 | +10.3% |
| Stocks | 30/36 | €403,218 | €444,931 | +€41,713 | +10.3% |
| Amounts receivable within one year | 40/41 | €134,344 | €197,162 | +€62,818 | +46.8% |
| Trade receivables | 40 | €103,008 | €76,383 | -€26,625 | -25.8% |
| Other amounts receivable | 41 | €31,336 | €120,779 | +€89,443 | +285.4% |
| Current investments | 50/53 | €105,879 | €30,096 | -€75,783 | -71.6% |
| Cash at bank and in hand | 54/58 | €67,748 | €31,024 | -€36,724 | -54.2% |
| Deferred charges and accrued income | 490/1 | €15,397 | €12,648 | -€2,749 | -17.9% |
| Total equity and liabilities | 10/49 | €891,008 | €849,108 | -€41,900 | -4.7% |
| Equity | 10/15 | €494,313 | €415,419 | -€78,894 | -16.0% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €477,528 | €477,528 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,528 | €31,528 | = | 0.0% |
| Distributable reserves | 133 | €446,000 | €446,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,377 | -€74,517 | -€78,894 | |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €386,695 | €423,689 | +€36,994 | +9.6% |
| Amounts payable after more than one year | 17 | €68,422 | €21,387 | -€47,035 | -68.7% |
| Financial debts | 170/4 | €68,422 | €21,387 | -€47,035 | -68.7% |
| Amounts payable within one year | 42/48 | €318,273 | €402,052 | +€83,779 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €45,965 | €97,035 | +€51,070 | +111.1% |
| Trade debts | 44 | €135,018 | €225,326 | +€90,308 | +66.9% |
| Suppliers | 440/4 | €135,018 | €225,326 | +€90,308 | +66.9% |
| Advances received on contracts in progress | 46 | €1,200 | €1,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €86,090 | €78,491 | -€7,599 | -8.8% |
| Taxes | 450/3 | €18,145 | €10,937 | -€7,208 | -39.7% |
| Remuneration and social security | 454/9 | €67,945 | €67,554 | -€391 | -0.6% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €553,836 | €584,848 | +€31,012 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,000 | €54,476 | +€1,476 | +2.8% |
| Other operating charges | 640/8 | €29,262 | €20,018 | -€9,244 | -31.6% |
| Gross operating margin | 9900 | €709,432 | €592,965 | -€116,467 | -16.4% |
| Operating profit (loss) | 9901 | €73,334 | -€66,377 | -€139,711 | |
| Financial income | 75/76B | €43,917 | €5,820 | -€38,097 | -86.7% |
| Recurring financial income | 75 | €43,917 | €5,820 | -€38,097 | -86.7% |
| Financial charges | 65/66B | €14,634 | €16,757 | +€2,123 | +14.5% |
| Recurring financial charges | 65 | €14,634 | €16,757 | +€2,123 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €102,617 | -€77,314 | -€179,931 | |
| Income taxes | 67/77 | €28,192 | €1,580 | -€26,612 | -94.4% |
| Profit (loss) for the period | 9904 | €74,425 | -€78,894 | -€153,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,425 | -€78,894 | -€153,319 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.