A-Z Constructief: 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.
A-Z Constructief
Largest movements
- Receivables within one year +€29,995
up €29,995 (+635.6%), from €4,719 to €34,714
of which Trade receivables: +€29,438
- Stocks and contracts -€10,000
down €10,000 (-32.4%), from €30,825 to €20,825
- Cash -€5,797
down €5,797 (-50.4%), from €11,503 to €5,706
mainly Receivables within one year (-€29,995) and Other debts (-€3,712)
- Reserves +€8,200
new in 2025: €8,200
- Trade debts +€5,162
up €5,162 (+908.3%), from €568 to €5,730
- Tax, wage and social debts +€4,399
new in 2025: €4,399
- Other debts -€3,712
down €3,712 (-10.9%), from €34,116 to €30,404
- Gross operating margin +€12,048
up €12,048 (+294.4%), from €4,092 to €16,140
- Taxes +€3,909
up €3,909 (+1255.0%), from €311 to €4,220
- Financial income +€370
new in 2025: €370
- Other operating charges +€228
up €228 (+33.7%), from €675 to €902
- Depreciation -€197
down €197 (-41.7%), from €473 to €276
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.
Cash bridge derived
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 | €54,263 | €68,232 | +€13,969 | +25.7% |
| Fixed assets | 21/28 | €7,216 | €6,987 | -€228 | -3.2% |
| Tangible fixed assets | 22/27 | €276 | - | -€276 | |
| Furniture and vehicles | 24 | €276 | - | -€276 | |
| Financial fixed assets | 28 | €6,940 | €6,987 | +€48 | +0.7% |
| Current assets | 29/58 | €47,047 | €61,245 | +€14,197 | +30.2% |
| Stocks and contracts in progress | 3 | €30,825 | €20,825 | -€10,000 | -32.4% |
| Contracts in progress | 37 | €30,825 | €20,825 | -€10,000 | -32.4% |
| Amounts receivable within one year | 40/41 | €4,719 | €34,714 | +€29,995 | +635.6% |
| Trade receivables | 40 | €4,088 | €33,525 | +€29,438 | +720.2% |
| Other amounts receivable | 41 | €632 | €1,189 | +€557 | +88.2% |
| Cash at bank and in hand | 54/58 | €11,503 | €5,706 | -€5,797 | -50.4% |
| Total equity and liabilities | 10/49 | €54,263 | €68,232 | +€13,969 | +25.7% |
| Equity | 10/15 | €19,313 | €27,616 | +€8,303 | +43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €8,200 | +€8,200 | |
| Distributable reserves | 133 | - | €8,200 | +€8,200 | |
| Profit (loss) carried forward | 14 | €713 | €816 | +€103 | +14.5% |
| Amounts payable | 17/49 | €34,950 | €40,616 | +€5,666 | +16.2% |
| Amounts payable within one year | 42/48 | €34,685 | €40,534 | +€5,849 | +16.9% |
| Trade debts | 44 | €568 | €5,730 | +€5,162 | +908.3% |
| Suppliers | 440/4 | €568 | €5,730 | +€5,162 | +908.3% |
| Taxes, remuneration and social security | 45 | - | €4,399 | +€4,399 | |
| Taxes | 450/3 | - | €4,399 | +€4,399 | |
| Other amounts payable | 47/48 | €34,116 | €30,404 | -€3,712 | -10.9% |
| Accrued charges and deferred income | 492/3 | €265 | €82 | -€183 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €276 | -€197 | -41.7% |
| Other operating charges | 640/8 | €675 | €902 | +€228 | +33.7% |
| Gross operating margin | 9900 | €4,092 | €16,140 | +€12,048 | +294.4% |
| Operating profit (loss) | 9901 | €2,945 | €14,962 | +€12,018 | +408.1% |
| Financial income | 75/76B | - | €370 | +€370 | |
| Recurring financial income | 75 | - | €370 | +€370 | |
| Financial charges | 65/66B | €2,890 | €2,809 | -€81 | -2.8% |
| Recurring financial charges | 65 | €2,890 | €2,809 | -€81 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €55 | €12,523 | +€12,469 | +22823.9% |
| Income taxes | 67/77 | €311 | €4,220 | +€3,909 | +1255.0% |
| Profit (loss) for the period | 9904 | -€257 | €8,303 | +€8,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€257 | €8,303 | +€8,560 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.