ARTS CONSTRUCTION PROJECT MANAGEMENT: what changed
What changed
ARTS CONSTRUCTION PROJECT MANAGEMENT
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
-€10,712
2024 · -€4,772-€5,940
Equity
€264,052
2024 · €274,765-€10,712
Cash
€157,337
2024 · €171,498-€14,162
Balance sheet total
€352,342
2024 · €362,044-€9,702
Largest movements
Assets
- Cash -€14,162
down €14,162 (-8.3%), from €171,498 to €157,337
mainly Net result for the year (-€10,712) and Investment in fixed assets (net) (-€2,565)
Equity and liabilities
- Profit (loss) carried forward -€10,712
down €10,712 (-5.2%), from €206,565 to €195,852
Income statement
- Gross operating margin -€4,235
down €4,235 (-80.4%), from -€5,267 to -€9,502
- Purchases and services +€1,566
up €1,566 (+19.7%), from €7,937 to €9,502
- Other operating charges +€1,185
new in 2025: €1,185
- Financial income +€830
up €830 (+620%), from €134 to €964
- Depreciation +€464
new in 2025: €464
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
-€4,772
Gross operating margin
-€4,235
Depreciation
-€464
Other operating charges
-€1,185
Other operating items
-€1,030
Financial income
+€830
Financial charges
+€145
Result 2025
-€10,712
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
-€11,597
Investment
-€2,565
Financing
€0
Cash 2024
€171,498
From operations (derived)
-€11,597
Net result for the year
-€10,712
Depreciation
+€464
Receivables within one year
-€2,322
Deferred charges and accrued income
-€36
Trade debts
+€300
Other debts
+€710
Investment (derived)
-€2,565
Investment in fixed assets (net)
-€2,565
Cash 2025
€157,337
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,044 | €352,342 | -€9,702 | -2.7% |
| Fixed assets | 21/28 | €62,685 | €64,786 | +€2,101 | +3.4% |
| Tangible fixed assets | 22/27 | €0 | €2,101 | +€2,101 | +1,751,092% |
| Furniture and vehicles | 24 | €0 | €2,101 | +€2,101 | +1,751,092% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €62,685 | €62,685 | = | 0.0% |
| Current assets | 29/58 | €299,360 | €287,556 | -€11,804 | -3.9% |
| Amounts receivable after more than one year | 29 | €120,892 | €120,892 | = | 0.0% |
| Other amounts receivable | 291 | €120,892 | €120,892 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,970 | €9,292 | +€2,322 | +33.3% |
| Other amounts receivable | 41 | €6,970 | €9,292 | +€2,322 | +33.3% |
| Cash at bank and in hand | 54/58 | €171,498 | €157,337 | -€14,162 | -8.3% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €362,044 | €352,342 | -€9,702 | -2.7% |
| Equity | 10/15 | €274,765 | €264,052 | -€10,712 | -3.9% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,565 | €195,852 | -€10,712 | -5.2% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €27,280 | €28,290 | +€1,010 | +3.7% |
| Amounts payable within one year | 42/48 | €27,280 | €28,290 | +€1,010 | +3.7% |
| Trade debts | 44 | €1,561 | €1,860 | +€300 | +19.2% |
| Suppliers | 440/4 | €1,561 | €1,860 | +€300 | +19.2% |
| Other amounts payable | 47/48 | €25,719 | €26,430 | +€710 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,937 | €9,502 | +€1,566 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €464 | +€464 | |
| Other operating charges | 640/8 | - | €1,185 | +€1,185 | |
| Operating charges capitalised as restructuring costs | 649 | -€1,030 | - | +€1,030 | |
| Gross operating margin | 9900 | -€5,267 | -€9,502 | -€4,235 | -80.4% |
| Operating profit (loss) | 9901 | -€4,236 | -€11,151 | -€6,915 | -163% |
| Financial income | 75/76B | €134 | €964 | +€830 | +620% |
| Recurring financial income | 75 | €134 | €964 | +€830 | +620% |
| Financial charges | 65/66B | €670 | €525 | -€145 | -21.6% |
| Recurring financial charges | 65 | €670 | €525 | -€145 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,772 | -€10,712 | -€5,940 | -124% |
| Profit (loss) for the period | 9904 | -€4,772 | -€10,712 | -€5,940 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,772 | -€10,712 | -€5,940 | -124% |
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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.