AB-Eiffage: 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.
What changed
AB-Eiffage
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€257,549
2024 · €1.5m-€1.2m
Equity
€11.2m
2024 · €12.5m-€1.3m
Cash
€10.3m
2024 · €3.2m+€7.1m
Balance sheet total
€74.7m
2024 · €59.4m+€15.3m
Largest movements
Assets
- Receivables within one year +€18.5m
up €18.5m (+49.1%), from €37.7m to €56.2m
of which Other amounts receivable: +€10.9m
- Current investments -€10.4m
down €10.4m (-86.6%), from €12.0m to €1.6m
- Cash +€7.1m
up €7.1m (+221.7%), from €3.2m to €10.3m
mainly Trade debts (+€11.6m) and Current investments (+€10.4m)
Equity and liabilities
- Trade debts +€11.6m
up €11.6m (+35.5%), from €32.9m to €44.5m
- Advances received +€4.2m
up €4.2m (+59.9%), from €6.9m to €11.1m
- Profit (loss) carried forward -€1.2m
down €1.2m (-81.2%), from €1.5m to €287,935
- Tax, wage and social debts +€943,634
up €943,634 (+75.6%), from €1.2m to €2.2m
of which Remuneration and social security: +€640,295
Income statement
- Turnover +€41.6m
up €41.6m (+52.6%), from €79.1m to €120.7m
- Goods and materials +€30.6m
up €30.6m (+55.2%), from €55.4m to €86.0m
- Services and other goods +€5.7m
up €5.7m (+48.9%), from €11.8m to €17.5m
- Other operating income -€2.1m
down €2.1m (-55.4%), from €3.7m to €1.7m
- Staff costs +€1.4m
up €1.4m (+10.4%), from €12.9m to €14.3m
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
€1.5m
Turnover
+€41.6m
Other operating income
-€2.1m
Goods and materials
-€30.6m
Services and other goods
-€5.7m
Staff costs
-€1.4m
Depreciation
+€68,979
Provisions
-€89,946
Other operating charges
+€248,625
Other operating items
-€4.0m
Financial income
-€524,666
Financial charges
+€11,380
Other financial items
+€562,576
Taxes
+€588,425
Result 2025
€257,549
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.
From operations
-€1.0m
Investment
+€10.2m
Financing
-€2.1m
Cash 2024
€3.2m
From operations (derived)
-€1.0m
Net result for the year
+€257,549
Depreciation
+€454,834
Receivables within one year
-€18.5m
Deferred charges and accrued income
-€335,974
Provisions
-€213,091
Trade debts
+€11.6m
Tax, wage and social debts
+€943,634
Advances received
+€4.2m
Other debts
+€132,429
Accrued charges and deferred income
+€440,367
Investment (derived)
+€10.2m
Investment in fixed assets (net)
-€185,521
Current investments
+€10.4m
Financing
-€2.1m
Debts after one year
-€525,832
Current portion of long-term debt
-€40,863
Contributions, distributions and other
-€1.5m
Cash 2025
€10.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,396,466 | €74,659,003 | +€15.3m | +25.7% |
| Fixed assets | 21/28 | €5,078,184 | €4,808,871 | -€269,313 | -5.3% |
| Intangible fixed assets | 21 | €2,720 | - | -€2,720 | |
| Tangible fixed assets | 22/27 | €5,005,728 | €4,739,135 | -€266,593 | -5.3% |
| Land and buildings | 22 | €85,376 | €85,376 | -€0 | 0.0% |
| Furniture and vehicles | 24 | €130,139 | €208,491 | +€78,352 | +60.2% |
| Leasing and similar rights | 25 | €4,337,319 | €4,025,881 | -€311,438 | -7.2% |
| Other tangible fixed assets | 26 | €452,893 | €419,387 | -€33,506 | -7.4% |
| Financial fixed assets | 28 | €69,737 | €69,736 | -€1 | 0.0% |
| Affiliated companies | 280/1 | €25,000 | €25,000 | = | 0.0% |
| Participating interests | 280 | €25,000 | €25,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €30,990 | €30,990 | = | 0.0% |
| Participating interests | 282 | €30,990 | €30,990 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,747 | €13,746 | -€1 | 0.0% |
| Shares | 284 | €5,377 | €5,377 | +€0 | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,370 | €8,369 | -€1 | 0.0% |
| Current assets | 29/58 | €54,318,282 | €69,850,132 | +€15.5m | +28.6% |
| Amounts receivable within one year | 40/41 | €37,684,467 | €56,195,744 | +€18.5m | +49.1% |
| Trade receivables | 40 | €20,536,907 | €28,162,413 | +€7.6m | +37.1% |
| Other amounts receivable | 41 | €17,147,560 | €28,033,331 | +€10.9m | +63.5% |
| Current investments | 50/53 | €11,987,468 | €1,601,176 | -€10.4m | -86.6% |
| Other investments | 51/53 | €11,987,468 | €1,601,176 | -€10.4m | -86.6% |
| Cash at bank and in hand | 54/58 | €3,189,951 | €10,260,842 | +€7.1m | +221.7% |
| Deferred charges and accrued income | 490/1 | €1,456,396 | €1,792,370 | +€335,974 | +23.1% |
| Total equity and liabilities | 10/49 | €59,396,466 | €74,659,003 | +€15.3m | +25.7% |
| Equity | 10/15 | €12,512,229 | €11,238,428 | -€1.3m | -10.2% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Capital | 10 | €8,000,000 | €8,000,000 | = | 0.0% |
| Issued capital | 100 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | €2,980,563 | €2,950,493 | -€30,070 | -1.0% |
| Non-distributable reserves | 130/1 | €1,310,000 | €1,310,000 | = | 0.0% |
| Legal reserve | 130 | €1,310,000 | €1,310,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,668,677 | €1,638,607 | -€30,070 | -1.8% |
| Distributable reserves | 133 | €1,886 | €1,886 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,531,666 | €287,935 | -€1.2m | -81.2% |
| Provisions and deferred taxes | 16 | €736,814 | €523,723 | -€213,091 | -28.9% |
| Provisions for liabilities and charges | 160/5 | €509,856 | €306,789 | -€203,067 | -39.8% |
| Other liabilities and charges | 164/5 | €509,856 | €306,789 | -€203,067 | -39.8% |
| Deferred taxes | 168 | €226,958 | €216,934 | -€10,024 | -4.4% |
| Amounts payable | 17/49 | €46,147,423 | €62,896,852 | +€16.7m | +36.3% |
| Amounts payable after more than one year | 17 | €1,883,137 | €1,357,305 | -€525,832 | -27.9% |
| Financial debts | 170/4 | €1,883,137 | €1,357,305 | -€525,832 | -27.9% |
| Leasing and similar obligations | 172 | €1,883,137 | €1,357,305 | -€525,832 | -27.9% |
| Amounts payable within one year | 42/48 | €41,615,585 | €58,450,479 | +€16.8m | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €566,695 | €525,832 | -€40,863 | -7.2% |
| Trade debts | 44 | €32,853,545 | €44,502,082 | +€11.6m | +35.5% |
| Suppliers | 440/4 | €32,853,545 | €44,502,082 | +€11.6m | +35.5% |
| Advances received on contracts in progress | 46 | €6,933,651 | €11,084,808 | +€4.2m | +59.9% |
| Taxes, remuneration and social security | 45 | €1,248,291 | €2,191,925 | +€943,634 | +75.6% |
| Taxes | 450/3 | €1,253 | €304,592 | +€303,339 | +24211.0% |
| Remuneration and social security | 454/9 | €1,247,038 | €1,887,333 | +€640,295 | +51.3% |
| Other amounts payable | 47/48 | €13,403 | €145,832 | +€132,429 | +988.1% |
| Accrued charges and deferred income | 492/3 | €2,648,701 | €3,089,068 | +€440,367 | +16.6% |
| Operating income | 70/76A | €82,620,392 | €118,193,063 | +€35.6m | +43.1% |
| Turnover | 70 | €79,079,426 | €120,693,397 | +€41.6m | +52.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€161,842 | -€4,151,157 | -€4.0m | -2464.9% |
| Other operating income | 74 | €3,702,808 | €1,650,823 | -€2.1m | -55.4% |
| Operating charges | 60/66A | €80,716,623 | €118,169,602 | +€37.5m | +46.4% |
| Goods for resale, raw materials and consumables | 60 | €55,391,767 | €85,972,102 | +€30.6m | +55.2% |
| Purchases | 600/8 | €55,391,767 | - | -€55.4m | |
| Services and other goods | 61 | €11,761,799 | €17,511,783 | +€5.7m | +48.9% |
| Remuneration, social security and pensions | 62 | €12,927,496 | €14,277,814 | +€1.4m | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523,813 | €454,834 | -€68,979 | -13.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€293,013 | -€203,067 | +€89,946 | +30.7% |
| Other operating charges | 640/8 | €404,761 | €156,136 | -€248,625 | -61.4% |
| Operating profit (loss) | 9901 | €1,903,769 | €23,461 | -€1.9m | -98.8% |
| Financial income | 75/76B | €524,666 | - | -€524,666 | |
| Recurring financial income | 75 | €524,666 | €562,576 | +€37,910 | +7.2% |
| Income from financial fixed assets | 750 | €267 | €114,000 | +€113,733 | +42627.0% |
| Income from current assets | 751 | €520,241 | €447,608 | -€72,633 | -14.0% |
| Other financial income | 752/9 | €4,158 | €968 | -€3,190 | -76.7% |
| Financial charges | 65/66B | €195,608 | €184,228 | -€11,380 | -5.8% |
| Recurring financial charges | 65 | €192,284 | €184,228 | -€8,056 | -4.2% |
| Debt charges | 650 | €112,981 | €117,901 | +€4,920 | +4.4% |
| Other financial charges | 652/9 | €79,303 | €66,327 | -€12,976 | -16.4% |
| Non-recurring financial charges | 66B | €3,324 | - | -€3,324 | |
| Profit (loss) for the period before taxes | 9903 | €2,232,827 | €401,809 | -€1.8m | -82.0% |
| Transfer from deferred taxes | 780 | €10,023 | €10,023 | -€0 | 0.0% |
| Income taxes | 67/77 | €742,708 | €154,283 | -€588,425 | -79.2% |
| Taxes | 670/3 | €742,757 | €154,283 | -€588,474 | -79.2% |
| Tax adjustments and reversals of tax provisions | 77 | €49 | - | -€49 | |
| Profit (loss) for the period | 9904 | €1,500,142 | €257,549 | -€1.2m | -82.8% |
| Transfer from tax-exempt reserves | 789 | €30,070 | €30,070 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530,212 | €287,619 | -€1.2m | -81.2% |
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 3 October 2026 via checked.be.