A.A. CONSTRUCT: what changed
What changed
A.A. CONSTRUCT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€2,851
2024 · €7,692-€4,841
Equity
€192,863
2024 · €192,536+€328
Cash
€20,526
2024 · €38,290-€17,765
Balance sheet total
€253,767
2024 · €274,021-€20,254
Largest movements
Assets
- Cash -€17,765
down €17,765 (-46.4%), from €38,290 to €20,526
mainly Trade debts (-€37,554) and Stocks and contracts (-€16,786)
- Stocks and contracts +€16,786
new in 2025: €16,786
- Receivables within one year -€16,161
down €16,161 (-7.2%), from €225,987 to €209,827
of which Trade receivables: -€20,004
- Tangible fixed assets -€3,755
down €3,755 (-39.4%), from €9,524 to €5,769
Equity and liabilities
- Trade debts -€37,554
down €37,554 (-71.3%), from €52,679 to €15,125
- Debts after one year +€26,459
new in 2025: €26,459
- Other debts -€11,727
down €11,727 (-78.2%), from €15,000 to €3,273
- Current portion of long-term debt +€8,964
new in 2025: €8,964
- Tax, wage and social debts -€6,745
down €6,745 (-48.9%), from €13,806 to €7,061
Income statement
- Gross operating margin -€7,109
down €7,109 (-22.5%), from €31,654 to €24,545
- Taxes -€3,489
down €3,489 (-57.2%), from €6,103 to €2,614
- Financial income +€1,342
up €1,342 (+4,298%), from €31 to €1,373
- Depreciation +€918
up €918 (+13.1%), from €6,981 to €7,899
- Other operating charges +€400
new in 2025: €400
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.
Result 2024
€7,692
Gross operating margin
-€7,109
Depreciation
-€918
Other operating charges
-€400
Other operating items
-€1,408
Financial income
+€1,342
Financial charges
+€162
Taxes
+€3,489
Result 2025
€2,851
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€46,520
Investment
-€4,144
Financing
+€32,899
Cash 2024
€38,290
From operations (derived)
-€46,520
Net result for the year
+€2,851
Depreciation
+€7,899
Stocks and contracts
-€16,786
Receivables within one year
+€16,161
Deferred charges and accrued income
-€640
Trade debts
-€37,554
Tax, wage and social debts
-€6,745
Other debts
-€11,727
Accrued charges and deferred income
+€21
Investment (derived)
-€4,144
Investment in fixed assets (net)
-€4,144
Financing
+€32,899
Debts after one year
+€26,459
Current portion of long-term debt
+€8,964
Contributions, distributions and other
-€2,523
Cash 2025
€20,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,021 | €253,767 | -€20,254 | -7.4% |
| Fixed assets | 21/28 | €9,744 | €5,989 | -€3,755 | -38.5% |
| Tangible fixed assets | 22/27 | €9,524 | €5,769 | -€3,755 | -39.4% |
| Furniture and vehicles | 24 | €9,524 | €5,769 | -€3,755 | -39.4% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €264,277 | €247,778 | -€16,500 | -6.2% |
| Stocks and contracts in progress | 3 | - | €16,786 | +€16,786 | |
| Stocks | 30/36 | - | €16,786 | +€16,786 | |
| Amounts receivable within one year | 40/41 | €225,987 | €209,827 | -€16,161 | -7.2% |
| Trade receivables | 40 | €153,799 | €133,795 | -€20,004 | -13.0% |
| Other amounts receivable | 41 | €72,188 | €76,031 | +€3,843 | +5.3% |
| Cash at bank and in hand | 54/58 | €38,290 | €20,526 | -€17,765 | -46.4% |
| Deferred charges and accrued income | 490/1 | - | €640 | +€640 | |
| Total equity and liabilities | 10/49 | €274,021 | €253,767 | -€20,254 | -7.4% |
| Equity | 10/15 | €192,536 | €192,863 | +€328 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,211 | €118,688 | -€2,523 | -2.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €102,461 | €99,938 | -€2,523 | -2.5% |
| Profit (loss) carried forward | 14 | €65,125 | €67,976 | +€2,851 | +4.4% |
| Amounts payable | 17/49 | €81,486 | €60,904 | -€20,582 | -25.3% |
| Amounts payable after more than one year | 17 | - | €26,459 | +€26,459 | |
| Financial debts | 170/4 | - | €26,459 | +€26,459 | |
| Amounts payable within one year | 42/48 | €81,486 | €34,424 | -€47,062 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,964 | +€8,964 | |
| Trade debts | 44 | €52,679 | €15,125 | -€37,554 | -71.3% |
| Suppliers | 440/4 | €52,679 | €15,125 | -€37,554 | -71.3% |
| Taxes, remuneration and social security | 45 | €13,806 | €7,061 | -€6,745 | -48.9% |
| Taxes | 450/3 | €13,806 | €7,061 | -€6,745 | -48.9% |
| Other amounts payable | 47/48 | €15,000 | €3,273 | -€11,727 | -78.2% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,981 | €7,899 | +€918 | +13.1% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | €9,876 | €11,283 | +€1,408 | +14.3% |
| Gross operating margin | 9900 | €31,654 | €24,545 | -€7,109 | -22.5% |
| Operating profit (loss) | 9901 | €14,797 | €4,963 | -€9,834 | -66.5% |
| Financial income | 75/76B | €31 | €1,373 | +€1,342 | +4,298% |
| Recurring financial income | 75 | €31 | €1,373 | +€1,342 | +4,298% |
| Financial charges | 65/66B | €1,034 | €871 | -€162 | -15.7% |
| Recurring financial charges | 65 | €1,034 | €871 | -€162 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €13,795 | €5,465 | -€8,330 | -60.4% |
| Income taxes | 67/77 | €6,103 | €2,614 | -€3,489 | -57.2% |
| Profit (loss) for the period | 9904 | €7,692 | €2,851 | -€4,841 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,692 | €2,851 | -€4,841 | -62.9% |
Next steps
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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 8 November 2026 via checked.be.