Arthus Construct: 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.
Arthus Construct
Largest movements
- Cash -€936,129
down €936,129 (-91.1%), from €1.0m to €91,721
mainly Receivables within one year (-€736,456) and Net result for the year (-€137,964)
- Receivables within one year +€736,456
up €736,456 (+3,557%), from €20,702 to €757,158
of which Other amounts receivable: +€735,008
- Tangible fixed assets -€71,472
down €71,472 (-4.2%), from €1.7m to €1.6m
of which Land and buildings: -€56,333
- Profit (loss) carried forward -€137,964
down €137,964 (-14.9%), from €925,449 to €787,485
- Debts after one year -€65,120
down €65,120 (-3.9%), from €1.7m to €1.6m
- Gross operating margin -€496,691
down €496,691, from €486,055 to -€10,636
- Taxes -€22,473
down €22,473 (-99.2%), from €22,643 to €170
- Financial charges -€17,262
down €17,262 (-21.4%), from €80,577 to €63,315
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 | €3,029,336 | €2,800,634 | -€228,703 | -7.5% |
| Fixed assets | 21/28 | €1,699,580 | €1,628,109 | -€71,472 | -4.2% |
| Tangible fixed assets | 22/27 | €1,699,580 | €1,628,109 | -€71,472 | -4.2% |
| Land and buildings | 22 | €1,664,291 | €1,607,957 | -€56,333 | -3.4% |
| Furniture and vehicles | 24 | €35,290 | €20,151 | -€15,138 | -42.9% |
| Current assets | 29/58 | €1,329,756 | €1,172,525 | -€157,231 | -11.8% |
| Stocks and contracts in progress | 3 | €277,766 | €304,498 | +€26,733 | +9.6% |
| Stocks | 30/36 | €277,766 | €304,498 | +€26,733 | +9.6% |
| Amounts receivable within one year | 40/41 | €20,702 | €757,158 | +€736,456 | +3,557% |
| Trade receivables | 40 | €401 | €1,850 | +€1,449 | +361% |
| Other amounts receivable | 41 | €20,300 | €755,308 | +€735,008 | +3,621% |
| Cash at bank and in hand | 54/58 | €1,027,850 | €91,721 | -€936,129 | -91.1% |
| Deferred charges and accrued income | 490/1 | €3,438 | €19,148 | +€15,710 | +457% |
| Total equity and liabilities | 10/49 | €3,029,336 | €2,800,634 | -€228,703 | -7.5% |
| Equity | 10/15 | €945,909 | €807,945 | -€137,964 | -14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €925,449 | €787,485 | -€137,964 | -14.9% |
| Amounts payable | 17/49 | €2,083,427 | €1,992,688 | -€90,738 | -4.4% |
| Amounts payable after more than one year | 17 | €1,671,791 | €1,606,671 | -€65,120 | -3.9% |
| Financial debts | 170/4 | €1,671,791 | €1,606,671 | -€65,120 | -3.9% |
| Amounts payable within one year | 42/48 | €395,640 | €372,474 | -€23,166 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €68,209 | €70,452 | +€2,243 | +3.3% |
| Financial debts | 43 | €240,000 | €240,000 | = | 0.0% |
| Other loans | 439 | €240,000 | €240,000 | = | 0.0% |
| Trade debts | 44 | €56,080 | €30,472 | -€25,609 | -45.7% |
| Suppliers | 440/4 | €56,080 | €30,472 | -€25,609 | -45.7% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,200 | +€200 | +20.0% |
| Taxes | 450/3 | - | €200 | +€200 | |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €30,351 | €30,351 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,996 | €13,543 | -€2,453 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,294 | €74,075 | -€218 | -0.3% |
| Other operating charges | 640/8 | €10,131 | €6,381 | -€3,750 | -37.0% |
| Gross operating margin | 9900 | €486,055 | -€10,636 | -€496,691 | |
| Operating profit (loss) | 9901 | €401,630 | -€91,092 | -€492,723 | |
| Financial income | 75/76B | €20,304 | €16,613 | -€3,691 | -18.2% |
| Recurring financial income | 75 | €20,304 | €16,613 | -€3,691 | -18.2% |
| Financial charges | 65/66B | €80,577 | €63,315 | -€17,262 | -21.4% |
| Recurring financial charges | 65 | €80,577 | €63,315 | -€17,262 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €341,358 | -€137,794 | -€479,152 | |
| Income taxes | 67/77 | €22,643 | €170 | -€22,473 | -99.2% |
| Profit (loss) for the period | 9904 | €318,715 | -€137,964 | -€456,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €318,715 | -€137,964 | -€456,679 |
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.