ART CONSTRUCT - DA: what changed
ART CONSTRUCT - DA
Largest movements
- Receivables within one year +€19,698
up €19,698 (+10.7%), from €183,480 to €203,178
of which Other amounts receivable: +€83,419
- Tangible fixed assets +€13,557
up €13,557 (+33.6%), from €40,305 to €53,862
of which Furniture and vehicles: +€19,334
- Profit (loss) carried forward -€56,606
down €56,606 (-133%), from -€42,700 to -€99,306
- Trade debts +€44,417
up €44,417 (+24.8%), from €179,372 to €223,789
- Tax, wage and social debts +€31,684
up €31,684 (+60.2%), from €52,590 to €84,274
of which Remuneration and social security: +€36,923
- Other debts +€24,954
up €24,954 (+1,309%), from €1,907 to €26,861
- Debts after one year -€6,250
down €6,250 (-29.1%), from €21,512 to €15,262
- Staff costs +€77,638
up €77,638 (+46.2%), from €167,942 to €245,579
- Gross operating margin +€75,667
up €75,667 (+56.4%), from €134,083 to €209,750
- Depreciation +€6,485
up €6,485 (+86.3%), from €7,516 to €14,001
- Financial charges +€6,357
up €6,357 (+267%), from €2,379 to €8,736
- Financial income +€3,381
up €3,381 (+185%), from €1,827 to €5,209
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,095 | €259,630 | +€35,535 | +15.9% |
| Fixed assets | 21/28 | €40,305 | €54,462 | +€14,157 | +35.1% |
| Tangible fixed assets | 22/27 | €40,305 | €53,862 | +€13,557 | +33.6% |
| Plant, machinery and equipment | 23 | €5,191 | €6,614 | +€1,424 | +27.4% |
| Furniture and vehicles | 24 | €6,875 | €26,208 | +€19,334 | +281% |
| Leasing and similar rights | 25 | €26,743 | €20,143 | -€6,600 | -24.7% |
| Other tangible fixed assets | 26 | €1,497 | €897 | -€600 | -40.1% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €183,790 | €205,168 | +€21,378 | +11.6% |
| Amounts receivable within one year | 40/41 | €183,480 | €203,178 | +€19,698 | +10.7% |
| Trade receivables | 40 | €123,285 | €59,564 | -€63,721 | -51.7% |
| Other amounts receivable | 41 | €60,195 | €143,614 | +€83,419 | +139% |
| Cash at bank and in hand | 54/58 | - | €1,491 | +€1,491 | |
| Deferred charges and accrued income | 490/1 | €310 | €499 | +€189 | +60.8% |
| Total equity and liabilities | 10/49 | €224,095 | €259,630 | +€35,535 | +15.9% |
| Equity | 10/15 | -€40,200 | -€96,806 | -€56,606 | -141% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,700 | -€99,306 | -€56,606 | -133% |
| Amounts payable | 17/49 | €264,295 | €356,436 | +€92,141 | +34.9% |
| Amounts payable after more than one year | 17 | €21,512 | €15,262 | -€6,250 | -29.1% |
| Financial debts | 170/4 | €21,512 | €15,262 | -€6,250 | -29.1% |
| Amounts payable within one year | 42/48 | €242,783 | €341,174 | +€98,391 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €5,906 | €6,250 | +€344 | +5.8% |
| Financial debts | 43 | €3,008 | - | -€3,008 | |
| Credit institutions | 430/8 | €3,008 | - | -€3,008 | |
| Trade debts | 44 | €179,372 | €223,789 | +€44,417 | +24.8% |
| Suppliers | 440/4 | €179,372 | €223,789 | +€44,417 | +24.8% |
| Taxes, remuneration and social security | 45 | €52,590 | €84,274 | +€31,684 | +60.2% |
| Taxes | 450/3 | €18,649 | €13,410 | -€5,239 | -28.1% |
| Remuneration and social security | 454/9 | €33,940 | €70,863 | +€36,923 | +109% |
| Other amounts payable | 47/48 | €1,907 | €26,861 | +€24,954 | +1,309% |
| Remuneration, social security and pensions | 62 | €167,942 | €245,579 | +€77,638 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,516 | €14,001 | +€6,485 | +86.3% |
| Other operating charges | 640/8 | €775 | €3,249 | +€2,474 | +319% |
| Gross operating margin | 9900 | €134,083 | €209,750 | +€75,667 | +56.4% |
| Operating profit (loss) | 9901 | -€42,149 | -€53,079 | -€10,930 | -25.9% |
| Financial income | 75/76B | €1,827 | €5,209 | +€3,381 | +185% |
| Recurring financial income | 75 | €1,827 | €5,209 | +€3,381 | +185% |
| Financial charges | 65/66B | €2,379 | €8,736 | +€6,357 | +267% |
| Recurring financial charges | 65 | €2,379 | €8,736 | +€6,357 | +267% |
| Profit (loss) for the period before taxes | 9903 | -€42,700 | -€56,606 | -€13,906 | -32.6% |
| Profit (loss) for the period | 9904 | -€42,700 | -€56,606 | -€13,906 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,700 | -€56,606 | -€13,906 | -32.6% |
Next steps
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 1 November 2026 via checked.be.