2B CONSTRUCTIVE: 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.
2B CONSTRUCTIVE
Largest movements
- Current investments +€27,355
up €27,355 (+12.6%), from €217,606 to €244,961
- Cash +€4,679
up €4,679 (+19.6%), from €23,899 to €28,578
mainly Net result for the year (+€72,866) and Depreciation (+€4,372)
- Tangible fixed assets -€3,646
down €3,646 (-39.8%), from €9,162 to €5,516
of which Other tangible fixed assets: -€3,457
- Reserves +€72,866
up €72,866 (+59.1%), from €123,371 to €196,236
- Short-term financial debts -€29,202
down €29,202 (-100%), from €29,202 to €0
- Tax, wage and social debts -€14,455
down €14,455 (-44.3%), from €32,626 to €18,171
- Trade debts -€4,277
down €4,277 (-89.2%), from €4,797 to €520
- Other debts +€3,820
up €3,820 (+75.6%), from €5,051 to €8,871
- Gross operating margin +€21,009
up €21,009 (+32.2%), from €65,153 to €86,163
- Financial income +€9,017
up €9,017 (+23.9%), from €37,780 to €46,797
- Taxes +€5,389
up €5,389 (+21.9%), from €24,616 to €30,005
- Depreciation -€2,344
down €2,344 (-34.9%), from €6,716 to €4,372
- Financial charges -€2,106
down €2,106 (-9.5%), from €22,283 to €20,177
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 | €279,250 | €308,002 | +€28,752 | +10.3% |
| Fixed assets | 21/28 | €9,162 | €5,516 | -€3,646 | -39.8% |
| Tangible fixed assets | 22/27 | €9,162 | €5,516 | -€3,646 | -39.8% |
| Furniture and vehicles | 24 | €1,563 | €1,375 | -€189 | -12.1% |
| Other tangible fixed assets | 26 | €7,599 | €4,142 | -€3,457 | -45.5% |
| Current assets | 29/58 | €270,088 | €302,485 | +€32,398 | +12.0% |
| Amounts receivable within one year | 40/41 | €19,012 | €20,824 | +€1,811 | +9.5% |
| Trade receivables | 40 | €18,524 | €20,824 | +€2,300 | +12.4% |
| Other amounts receivable | 41 | €489 | €0 | -€489 | -100% |
| Current investments | 50/53 | €217,606 | €244,961 | +€27,355 | +12.6% |
| Cash at bank and in hand | 54/58 | €23,899 | €28,578 | +€4,679 | +19.6% |
| Deferred charges and accrued income | 490/1 | €9,569 | €8,122 | -€1,448 | -15.1% |
| Total equity and liabilities | 10/49 | €279,250 | €308,002 | +€28,752 | +10.3% |
| Equity | 10/15 | €135,776 | €208,642 | +€72,866 | +53.7% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €123,371 | €196,236 | +€72,866 | +59.1% |
| Distributable reserves | 133 | €123,371 | €196,236 | +€72,866 | +59.1% |
| Provisions and deferred taxes | 16 | €70,898 | €70,898 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,898 | €70,898 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,898 | €70,898 | = | 0.0% |
| Amounts payable | 17/49 | €72,576 | €28,462 | -€44,114 | -60.8% |
| Amounts payable within one year | 42/48 | €71,676 | €27,562 | -€44,114 | -61.5% |
| Financial debts | 43 | €29,202 | €0 | -€29,202 | -100% |
| Credit institutions | 430/8 | €29,202 | €0 | -€29,202 | -100% |
| Trade debts | 44 | €4,797 | €520 | -€4,277 | -89.2% |
| Suppliers | 440/4 | €4,797 | €520 | -€4,277 | -89.2% |
| Taxes, remuneration and social security | 45 | €32,626 | €18,171 | -€14,455 | -44.3% |
| Taxes | 450/3 | €32,626 | €18,171 | -€14,455 | -44.3% |
| Other amounts payable | 47/48 | €5,051 | €8,871 | +€3,820 | +75.6% |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,716 | €4,372 | -€2,344 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,650 | €5,539 | +€889 | +19.1% |
| Gross operating margin | 9900 | €65,153 | €86,163 | +€21,009 | +32.2% |
| Operating profit (loss) | 9901 | €53,788 | €76,251 | +€22,464 | +41.8% |
| Financial income | 75/76B | €37,780 | €46,797 | +€9,017 | +23.9% |
| Recurring financial income | 75 | €37,780 | €46,797 | +€9,017 | +23.9% |
| Financial charges | 65/66B | €22,283 | €20,177 | -€2,106 | -9.5% |
| Recurring financial charges | 65 | €22,283 | €20,177 | -€2,106 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €69,284 | €102,871 | +€33,587 | +48.5% |
| Income taxes | 67/77 | €24,616 | €30,005 | +€5,389 | +21.9% |
| Profit (loss) for the period | 9904 | €44,668 | €72,866 | +€28,198 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,668 | €72,866 | +€28,198 | +63.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.