BF ART CONSTRUCT: what changed
Two fiscal 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.
BF ART CONSTRUCT
Largest movements
- Receivables within one year -€33,276
down €33,276 (-34.4%), from €96,624 to €63,348
of which Other amounts receivable: -€34,026
- Tangible fixed assets -€10,989
down €10,989 (-26.1%), from €42,097 to €31,108
of which Furniture and vehicles: -€6,633
- Cash -€4,638
down €4,638 (-75.2%), from €6,172 to €1,534
mainly Advances received (-€37,940) and Trade debts (-€14,711)
- Advances received -€37,940
down €37,940 (-88.2%), from €43,030 to €5,090
- Trade debts -€14,711
down €14,711 (-34.6%), from €42,554 to €27,843
- Profit (loss) carried forward +€13,887
up €13,887 (+478.1%), from €2,905 to €16,792
- Debts after one year -€6,529
down €6,529 (-28.5%), from €22,874 to €16,345
- Current portion of long-term debt -€5,702
down €5,702 (-35.3%), from €16,140 to €10,439
- Gross operating margin +€44,893
up €44,893, from -€16,074 to €28,819
- Financial income -€38,287
down €38,287 (-91.8%), from €41,696 to €3,409
- Depreciation +€2,310
up €2,310 (+26.6%), from €8,679 to €10,989
- Taxes +€1,116
up €1,116 (+61.0%), from €1,828 to €2,944
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.
Cash bridge derived
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 | €145,806 | €97,705 | -€48,101 | -33.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €42,297 | €31,308 | -€10,989 | -26.0% |
| Tangible fixed assets | 22/27 | €42,097 | €31,108 | -€10,989 | -26.1% |
| Plant, machinery and equipment | 23 | €13,621 | €9,265 | -€4,356 | -32.0% |
| Furniture and vehicles | 24 | €28,476 | €21,843 | -€6,633 | -23.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €103,509 | €66,397 | -€37,112 | -35.9% |
| Amounts receivable within one year | 40/41 | €96,624 | €63,348 | -€33,276 | -34.4% |
| Trade receivables | 40 | €14,340 | €15,090 | +€750 | +5.2% |
| Other amounts receivable | 41 | €82,284 | €48,258 | -€34,026 | -41.4% |
| Cash at bank and in hand | 54/58 | €6,172 | €1,534 | -€4,638 | -75.2% |
| Deferred charges and accrued income | 490/1 | €713 | €1,515 | +€802 | +112.6% |
| Total equity and liabilities | 10/49 | €145,806 | €97,705 | -€48,101 | -33.0% |
| Equity | 10/15 | €17,530 | €31,418 | +€13,887 | +79.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €13,625 | €13,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,625 | €13,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,905 | €16,792 | +€13,887 | +478.1% |
| Amounts payable | 17/49 | €128,275 | €66,287 | -€61,988 | -48.3% |
| Amounts payable after more than one year | 17 | €22,874 | €16,345 | -€6,529 | -28.5% |
| Financial debts | 170/4 | €22,874 | €16,345 | -€6,529 | -28.5% |
| Amounts payable within one year | 42/48 | €105,402 | €47,845 | -€57,557 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €16,140 | €10,439 | -€5,702 | -35.3% |
| Trade debts | 44 | €42,554 | €27,843 | -€14,711 | -34.6% |
| Suppliers | 440/4 | €42,554 | €27,843 | -€14,711 | -34.6% |
| Advances received on contracts in progress | 46 | €43,030 | €5,090 | -€37,940 | -88.2% |
| Taxes, remuneration and social security | 45 | €3,677 | €4,472 | +€795 | +21.6% |
| Taxes | 450/3 | €3,677 | €4,472 | +€795 | +21.6% |
| Accrued charges and deferred income | 492/3 | - | €2,098 | +€2,098 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,679 | €10,989 | +€2,310 | +26.6% |
| Other operating charges | 640/8 | €2,726 | €2,450 | -€276 | -10.1% |
| Gross operating margin | 9900 | -€16,074 | €28,819 | +€44,893 | |
| Operating profit (loss) | 9901 | -€27,479 | €15,380 | +€42,859 | |
| Financial income | 75/76B | €41,696 | €3,409 | -€38,287 | -91.8% |
| Recurring financial income | 75 | €41,696 | €3,409 | -€38,287 | -91.8% |
| Financial charges | 65/66B | €2,023 | €1,958 | -€65 | -3.2% |
| Recurring financial charges | 65 | €2,023 | €1,958 | -€65 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €12,194 | €16,831 | +€4,637 | +38.0% |
| Income taxes | 67/77 | €1,828 | €2,944 | +€1,116 | +61.0% |
| Profit (loss) for the period | 9904 | €10,366 | €13,887 | +€3,522 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,366 | €13,887 | +€3,522 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.