2B 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.
2B Construct
Largest movements
- Receivables within one year +€466,815
up €466,815 (+39.3%), from €1.2m to €1.7m
of which Other amounts receivable: +€240,012
- Tangible fixed assets -€204,241
down €204,241 (-6.1%), from €3.4m to €3.2m
of which Land and buildings: -€200,891
- Advances received +€411,250
up €411,250 (+194.5%), from €211,462 to €622,712
- Other debts -€282,262
down €282,262 (-9.3%), from €3.0m to €2.8m
- Trade debts -€150,309
down €150,309 (-22.0%), from €681,735 to €531,426
- Reserves +€132,423
up €132,423 (+261.1%), from €50,711 to €183,134
of which Tax-exempt reserves: +€132,423
- Profit (loss) carried forward +€102,060
up €102,060 (+62.3%), from -€163,782 to -€61,723
- Gross operating margin +€181,007
up €181,007 (+25.0%), from €724,217 to €905,225
- Write-downs -€115,589
no longer reported in 2026 (was €115,589)
- Staff costs +€99,635
up €99,635 (+42.4%), from €234,997 to €334,631
- Taxes +€45,930
new in 2026: €45,930
- Other operating charges -€25,070
down €25,070 (-21.3%), from €117,902 to €92,831
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,852,540 | €5,106,906 | +€254,366 | +5.2% |
| Fixed assets | 21/28 | €3,405,668 | €3,201,427 | -€204,241 | -6.0% |
| Tangible fixed assets | 22/27 | €3,365,081 | €3,160,840 | -€204,241 | -6.1% |
| Land and buildings | 22 | €3,353,994 | €3,153,103 | -€200,891 | -6.0% |
| Other tangible fixed assets | 26 | €11,086 | €7,736 | -€3,350 | -30.2% |
| Financial fixed assets | 28 | €40,588 | €40,588 | = | 0.0% |
| Current assets | 29/58 | €1,446,872 | €1,905,479 | +€458,607 | +31.7% |
| Stocks and contracts in progress | 3 | €243,544 | €243,544 | = | 0.0% |
| Stocks | 30/36 | €243,544 | €243,544 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,188,649 | €1,655,464 | +€466,815 | +39.3% |
| Trade receivables | 40 | €1,075,327 | €1,302,131 | +€226,803 | +21.1% |
| Other amounts receivable | 41 | €113,322 | €353,333 | +€240,012 | +211.8% |
| Cash at bank and in hand | 54/58 | €5,160 | €6,451 | +€1,291 | +25.0% |
| Deferred charges and accrued income | 490/1 | €9,519 | €20 | -€9,499 | -99.8% |
| Total equity and liabilities | 10/49 | €4,852,540 | €5,106,906 | +€254,366 | +5.2% |
| Equity | 10/15 | €756,928 | €991,412 | +€234,483 | +31.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €50,711 | €183,134 | +€132,423 | +261.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,753 | €153,176 | +€132,423 | +638.1% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,782 | -€61,723 | +€102,060 | +62.3% |
| Provisions and deferred taxes | 16 | - | €44,141 | +€44,141 | |
| Deferred taxes | 168 | - | €44,141 | +€44,141 | |
| Amounts payable | 17/49 | €4,095,612 | €4,071,353 | -€24,258 | -0.6% |
| Amounts payable after more than one year | 17 | €5,663 | €5,663 | = | 0.0% |
| Other amounts payable | 178/9 | €5,663 | €5,663 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,089,949 | €4,065,690 | -€24,258 | -0.6% |
| Trade debts | 44 | €681,735 | €531,426 | -€150,309 | -22.0% |
| Suppliers | 440/4 | €681,735 | €531,426 | -€150,309 | -22.0% |
| Advances received on contracts in progress | 46 | €211,462 | €622,712 | +€411,250 | +194.5% |
| Taxes, remuneration and social security | 45 | €147,342 | €144,405 | -€2,937 | -2.0% |
| Taxes | 450/3 | €15,747 | €62,322 | +€46,576 | +295.8% |
| Remuneration and social security | 454/9 | €131,596 | €82,083 | -€49,513 | -37.6% |
| Other amounts payable | 47/48 | €3,049,410 | €2,767,148 | -€282,262 | -9.3% |
| Non-recurring operating income | 76A | - | €181,160 | +€181,160 | |
| Remuneration, social security and pensions | 62 | €234,997 | €334,631 | +€99,635 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,762 | €136,823 | -€1,940 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115,589 | - | -€115,589 | |
| Other operating charges | 640/8 | €117,902 | €92,831 | -€25,070 | -21.3% |
| Gross operating margin | 9900 | €724,217 | €905,225 | +€181,007 | +25.0% |
| Operating profit (loss) | 9901 | €116,968 | €340,939 | +€223,972 | +191.5% |
| Financial income | 75/76B | €240 | - | -€240 | |
| Recurring financial income | 75 | €240 | - | -€240 | |
| Financial charges | 65/66B | €13,634 | €16,385 | +€2,751 | +20.2% |
| Recurring financial charges | 65 | €13,634 | €16,385 | +€2,751 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €103,573 | €324,554 | +€220,981 | +213.4% |
| Income taxes | 67/77 | - | €45,930 | +€45,930 | |
| Profit (loss) for the period | 9904 | €103,573 | €278,624 | +€175,051 | +169.0% |
| Transfer to tax-exempt reserves | 689 | - | €176,565 | +€176,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,573 | €102,060 | -€1,513 | -1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.