A.I.S. CONSTRUCT: 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.
What changed
A.I.S. CONSTRUCT
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,234
2024 · €103,907-€80,673
Equity
€2.0m
2024 · €1.9m+€12,502
Cash
€31,322
2024 · €37,669-€6,346
Balance sheet total
€3.4m
2024 · €3.4m+€24,218
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€66,649
down €66,649 (-6.8%), from €978,874 to €912,225
of which Financial debts: -€61,277
- Current portion of long-term debt +€55,084
up €55,084 (+37.2%), from €148,224 to €203,308
- Trade debts +€45,135
up €45,135 (+47.3%), from €95,398 to €140,533
Income statement
- Gross operating margin -€170,548
down €170,548 (-9.2%), from €1.9m to €1.7m
- Staff costs -€79,487
down €79,487 (-6.3%), from €1.3m to €1.2m
- Taxes -€35,955
down €35,955 (-87.1%), from €41,273 to €5,318
- Depreciation +€27,076
up €27,076 (+7.3%), from €369,792 to €396,868
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.
Result 2024
€103,907
Gross operating margin
-€170,548
Staff costs
+€79,487
Depreciation
-€27,076
Other operating charges
-€453
Financial income
+€5,214
Financial charges
-€3,253
Taxes
+€35,955
Result 2025
€23,234
raises the resultlowers the result
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.
From operations
+€436,453
Investment
-€420,503
Financing
-€22,296
Cash 2024
€37,669
From operations (derived)
+€436,453
Net result for the year
+€23,234
Depreciation
+€396,868
Stocks and contracts
+€11,055
Receivables within one year
-€17,963
Deferred charges and accrued income
-€20
Trade debts
+€45,135
Tax, wage and social debts
-€11,974
Advances received
-€8,777
Accrued charges and deferred income
-€1,104
Investment (derived)
-€420,503
Investment in fixed assets (net)
-€420,503
Financing
-€22,296
Debts after one year
-€66,649
Current portion of long-term debt
+€55,084
Contributions, distributions and other
-€10,731
Cash 2025
€31,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,355,423 | €3,379,641 | +€24,218 | +0.7% |
| Fixed assets | 21/28 | €2,269,351 | €2,292,987 | +€23,636 | +1.0% |
| Tangible fixed assets | 22/27 | €2,269,216 | €2,292,852 | +€23,636 | +1.0% |
| Land and buildings | 22 | €939,733 | €961,589 | +€21,856 | +2.3% |
| Plant, machinery and equipment | 23 | €435,586 | €554,653 | +€119,066 | +27.3% |
| Furniture and vehicles | 24 | €167,313 | €148,927 | -€18,386 | -11.0% |
| Leasing and similar rights | 25 | €726,584 | €627,683 | -€98,901 | -13.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,086,072 | €1,086,654 | +€582 | +0.1% |
| Stocks and contracts in progress | 3 | €577,815 | €566,760 | -€11,055 | -1.9% |
| Stocks | 30/36 | €577,815 | €566,760 | -€11,055 | -1.9% |
| Amounts receivable within one year | 40/41 | €466,413 | €484,376 | +€17,963 | +3.9% |
| Trade receivables | 40 | €447,779 | €454,694 | +€6,916 | +1.5% |
| Other amounts receivable | 41 | €18,634 | €29,682 | +€11,048 | +59.3% |
| Cash at bank and in hand | 54/58 | €37,669 | €31,322 | -€6,346 | -16.8% |
| Deferred charges and accrued income | 490/1 | €4,176 | €4,196 | +€20 | +0.5% |
| Total equity and liabilities | 10/49 | €3,355,423 | €3,379,641 | +€24,218 | +0.7% |
| Equity | 10/15 | €1,942,355 | €1,954,858 | +€12,502 | +0.6% |
| Contributions | 10/11 | €483,600 | €483,600 | = | 0.0% |
| Reserves | 13 | €1,407,319 | €1,430,553 | +€23,234 | +1.7% |
| Tax-exempt reserves | 132 | €39,450 | €39,450 | = | 0.0% |
| Distributable reserves | 133 | €1,367,869 | €1,391,103 | +€23,234 | +1.7% |
| Investment grants | 15 | €51,436 | €40,704 | -€10,731 | -20.9% |
| Amounts payable | 17/49 | €1,413,068 | €1,424,784 | +€11,716 | +0.8% |
| Amounts payable after more than one year | 17 | €978,874 | €912,225 | -€66,649 | -6.8% |
| Financial debts | 170/4 | €736,384 | €675,107 | -€61,277 | -8.3% |
| Other amounts payable | 178/9 | €242,490 | €237,118 | -€5,372 | -2.2% |
| Amounts payable within one year | 42/48 | €423,084 | €502,553 | +€79,469 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €148,224 | €203,308 | +€55,084 | +37.2% |
| Trade debts | 44 | €95,398 | €140,533 | +€45,135 | +47.3% |
| Suppliers | 440/4 | €95,398 | €140,533 | +€45,135 | +47.3% |
| Advances received on contracts in progress | 46 | €8,777 | €0 | -€8,777 | -100% |
| Taxes, remuneration and social security | 45 | €170,686 | €158,712 | -€11,974 | -7.0% |
| Taxes | 450/3 | €26,750 | €31,004 | +€4,254 | +15.9% |
| Remuneration and social security | 454/9 | €143,936 | €127,708 | -€16,228 | -11.3% |
| Accrued charges and deferred income | 492/3 | €11,110 | €10,006 | -€1,104 | -9.9% |
| Remuneration, social security and pensions | 62 | €1,256,867 | €1,177,380 | -€79,487 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,792 | €396,868 | +€27,076 | +7.3% |
| Other operating charges | 640/8 | €27,421 | €27,874 | +€453 | +1.7% |
| Gross operating margin | 9900 | €1,855,503 | €1,684,955 | -€170,548 | -9.2% |
| Operating profit (loss) | 9901 | €201,422 | €82,833 | -€118,589 | -58.9% |
| Financial income | 75/76B | €24,333 | €29,547 | +€5,214 | +21.4% |
| Recurring financial income | 75 | €24,333 | €29,547 | +€5,214 | +21.4% |
| Financial charges | 65/66B | €80,575 | €83,828 | +€3,253 | +4.0% |
| Recurring financial charges | 65 | €80,575 | €83,828 | +€3,253 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €145,180 | €28,552 | -€116,628 | -80.3% |
| Income taxes | 67/77 | €41,273 | €5,318 | -€35,955 | -87.1% |
| Profit (loss) for the period | 9904 | €103,907 | €23,234 | -€80,673 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,907 | €23,234 | -€80,673 | -77.6% |
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 15 October 2026 via checked.be.