043 CONSTRUCTIONS: 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.
043 CONSTRUCTIONS
Largest movements
- Tangible fixed assets +€17,449
up €17,449 (+63.5%), from €27,462 to €44,911
- Receivables within one year -€10,941
down €10,941 (-41.8%), from €26,194 to €15,253
of which Other amounts receivable: -€13,719
- Cash -€3,251
down €3,251 (-38.0%), from €8,556 to €5,305
mainly Net result for the year (-€37,493) and Investment in fixed assets (net) (-€29,916)
- Deferred charges and accrued income +€2,637
up €2,637 (+78.2%), from €3,371 to €6,008
- Accrued charges and deferred income +€45,512
up €45,512 (+2,344%), from €1,941 to €47,453
- Profit (loss) carried forward -€33,237
new in 2025: -€33,237
- Other debts -€19,032
down €19,032 (-45.9%), from €41,465 to €22,434
- Trade debts +€15,946
up €15,946 (+842%), from €1,894 to €17,841
- Reserves -€4,256
down €4,256 (-100%), from €4,256 to €0
- Gross operating margin -€36,028
down €36,028, from €12,043 to -€23,985
- Depreciation +€6,281
up €6,281 (+102%), from €6,187 to €12,467
- Taxes -€1,425
down €1,425 (-100%), from €1,425 to €0
- Other operating charges +€970
up €970 (+920%), from €106 to €1,076
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 | €65,982 | €71,876 | +€5,894 | +8.9% |
| Fixed assets | 21/28 | €27,862 | €45,311 | +€17,449 | +62.6% |
| Tangible fixed assets | 22/27 | €27,462 | €44,911 | +€17,449 | +63.5% |
| Furniture and vehicles | 24 | €27,462 | €44,911 | +€17,449 | +63.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €38,120 | €26,565 | -€11,555 | -30.3% |
| Amounts receivable within one year | 40/41 | €26,194 | €15,253 | -€10,941 | -41.8% |
| Trade receivables | 40 | - | €2,777 | +€2,777 | |
| Other amounts receivable | 41 | €26,194 | €12,475 | -€13,719 | -52.4% |
| Cash at bank and in hand | 54/58 | €8,556 | €5,305 | -€3,251 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,371 | €6,008 | +€2,637 | +78.2% |
| Total equity and liabilities | 10/49 | €65,982 | €71,876 | +€5,894 | +8.9% |
| Equity | 10/15 | €19,256 | -€18,237 | -€37,493 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €4,256 | €0 | -€4,256 | -100% |
| Distributable reserves | 133 | €4,256 | €0 | -€4,256 | -100% |
| Profit (loss) carried forward | 14 | - | -€33,237 | -€33,237 | |
| Amounts payable | 17/49 | €46,726 | €90,113 | +€43,387 | +92.9% |
| Amounts payable within one year | 42/48 | €44,785 | €42,660 | -€2,125 | -4.7% |
| Trade debts | 44 | €1,894 | €17,841 | +€15,946 | +842% |
| Suppliers | 440/4 | €1,894 | €17,841 | +€15,946 | +842% |
| Taxes, remuneration and social security | 45 | €1,425 | €2,386 | +€960 | +67.4% |
| Taxes | 450/3 | €1,425 | €2,386 | +€960 | +67.4% |
| Other amounts payable | 47/48 | €41,465 | €22,434 | -€19,032 | -45.9% |
| Accrued charges and deferred income | 492/3 | €1,941 | €47,453 | +€45,512 | +2,344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,187 | €12,467 | +€6,281 | +102% |
| Other operating charges | 640/8 | €106 | €1,076 | +€970 | +920% |
| Gross operating margin | 9900 | €12,043 | -€23,985 | -€36,028 | |
| Operating profit (loss) | 9901 | €5,751 | -€37,528 | -€43,279 | |
| Financial income | 75/76B | €15 | €125 | +€110 | +733% |
| Recurring financial income | 75 | €15 | €125 | +€110 | +733% |
| Financial charges | 65/66B | €84 | €90 | +€6 | +6.8% |
| Recurring financial charges | 65 | €84 | €90 | +€6 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €5,681 | -€37,493 | -€43,174 | |
| Income taxes | 67/77 | €1,425 | €0 | -€1,425 | -100% |
| Profit (loss) for the period | 9904 | €4,256 | -€37,493 | -€41,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,256 | -€37,493 | -€41,749 |
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 19 October 2026 via checked.be.