E.D ART 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.
E.D ART CONSTRUCT
Largest movements
- Receivables within one year -€70,839
down €70,839 (-50.3%), from €140,914 to €70,075
of which Trade receivables: -€85,416
- Cash -€10,793
down €10,793 (-67.4%), from €16,003 to €5,210
mainly Trade debts (-€76,654) and Net result for the year (-€6,719)
- Trade debts -€76,654
down €76,654 (-67.1%), from €114,202 to €37,548
- Profit (loss) carried forward -€6,719
down €6,719 (-37.5%), from -€17,916 to -€24,635
- Gross operating margin -€9,445
down €9,445 (-41.5%), from €22,748 to €13,303
- Taxes +€6,900
up €6,900 (+89.7%), from €7,694 to €14,594
- Financial charges -€848
down €848 (-16.3%), from €5,207 to €4,359
- Financial income +€570
up €570 (+60.8%), from €938 to €1,508
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 | €158,854 | €76,518 | -€82,336 | -51.8% |
| Fixed assets | 21/28 | €1,381 | €659 | -€722 | -52.3% |
| Tangible fixed assets | 22/27 | €1,287 | €565 | -€722 | -56.1% |
| Plant, machinery and equipment | 23 | €1,287 | €565 | -€722 | -56.1% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €157,474 | €75,859 | -€81,615 | -51.8% |
| Amounts receivable within one year | 40/41 | €140,914 | €70,075 | -€70,839 | -50.3% |
| Trade receivables | 40 | €120,202 | €34,786 | -€85,416 | -71.1% |
| Other amounts receivable | 41 | €20,712 | €35,289 | +€14,577 | +70.4% |
| Cash at bank and in hand | 54/58 | €16,003 | €5,210 | -€10,793 | -67.4% |
| Deferred charges and accrued income | 490/1 | €557 | €574 | +€17 | +3.1% |
| Total equity and liabilities | 10/49 | €158,854 | €76,518 | -€82,336 | -51.8% |
| Equity | 10/15 | €41,246 | €34,527 | -€6,719 | -16.3% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €3,162 | €3,162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €132 | €132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €132 | €132 | = | 0.0% |
| Tax-exempt reserves | 132 | €532 | €532 | = | 0.0% |
| Distributable reserves | 133 | €2,499 | €2,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,916 | -€24,635 | -€6,719 | -37.5% |
| Amounts payable | 17/49 | €117,608 | €41,991 | -€75,617 | -64.3% |
| Amounts payable within one year | 42/48 | €117,608 | €41,991 | -€75,617 | -64.3% |
| Trade debts | 44 | €114,202 | €37,548 | -€76,654 | -67.1% |
| Suppliers | 440/4 | €114,202 | €37,548 | -€76,654 | -67.1% |
| Taxes, remuneration and social security | 45 | €3,406 | €4,442 | +€1,037 | +30.4% |
| Taxes | 450/3 | €1,176 | €2,056 | +€880 | +74.8% |
| Remuneration and social security | 454/9 | €2,230 | €2,387 | +€157 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €722 | +€52 | +7.7% |
| Other operating charges | 640/8 | €1,878 | €1,856 | -€21 | -1.1% |
| Gross operating margin | 9900 | €22,748 | €13,303 | -€9,445 | -41.5% |
| Operating profit (loss) | 9901 | €20,201 | €10,726 | -€9,475 | -46.9% |
| Financial income | 75/76B | €938 | €1,508 | +€570 | +60.8% |
| Recurring financial income | 75 | €938 | €1,508 | +€570 | +60.8% |
| Financial charges | 65/66B | €5,207 | €4,359 | -€848 | -16.3% |
| Recurring financial charges | 65 | €5,207 | €4,359 | -€848 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €15,932 | €7,875 | -€8,057 | -50.6% |
| Income taxes | 67/77 | €7,694 | €14,594 | +€6,900 | +89.7% |
| Profit (loss) for the period | 9904 | €8,238 | -€6,719 | -€14,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,238 | -€6,719 | -€14,957 |
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 9 October 2026 via checked.be.