ACONSTRUCT: 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.
ACONSTRUCT
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-16.7%), from €8.5m to €7.1m
of which Other amounts receivable: -€6.8m
- Cash -€354,233
down €354,233 (-41.3%), from €857,057 to €502,825
mainly Accrued charges and deferred income (-€7.3m) and Investment in fixed assets (net) (-€278,525)
- Tangible fixed assets +€175,400
up €175,400 (+132%), from €132,838 to €308,238
- Accrued charges and deferred income -€7.3m
no longer reported in 2025 (was €7.3m)
- Other debts +€5.7m
new in 2025: €5.7m
- Reserves +€288,352
up €288,352 (+98.0%), from €294,108 to €582,460
- Trade debts -€183,390
down €183,390 (-10.1%), from €1.8m to €1.6m
- Turnover -€5.2m
down €5.2m (-24.3%), from €21.4m to €16.2m
- Goods and materials -€5.0m
down €5.0m (-24.9%), from €20.2m to €15.1m
- Services and other goods -€516,704
down €516,704 (-47.9%), from €1.1m to €562,313
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 | €9,520,500 | €7,953,764 | -€1.6m | -16.5% |
| Fixed assets | 21/28 | €132,838 | €352,078 | +€219,240 | +165% |
| Tangible fixed assets | 22/27 | €132,838 | €308,238 | +€175,400 | +132% |
| Furniture and vehicles | 24 | €132,838 | €308,238 | +€175,400 | +132% |
| Financial fixed assets | 28 | - | €43,840 | +€43,840 | |
| Other financial fixed assets | 284/8 | - | €43,840 | +€43,840 | |
| Amounts receivable and cash guarantees | 285/8 | - | €43,840 | +€43,840 | |
| Current assets | 29/58 | €9,387,662 | €7,601,686 | -€1.8m | -19.0% |
| Amounts receivable within one year | 40/41 | €8,496,047 | €7,074,189 | -€1.4m | -16.7% |
| Trade receivables | 40 | €319,745 | €5,701,062 | +€5.4m | +1,683% |
| Other amounts receivable | 41 | €8,176,302 | €1,373,127 | -€6.8m | -83.2% |
| Cash at bank and in hand | 54/58 | €857,057 | €502,825 | -€354,233 | -41.3% |
| Deferred charges and accrued income | 490/1 | €34,558 | €24,672 | -€9,885 | -28.6% |
| Total equity and liabilities | 10/49 | €9,520,500 | €7,953,764 | -€1.6m | -16.5% |
| Equity | 10/15 | €344,108 | €632,460 | +€288,352 | +83.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €294,108 | €582,460 | +€288,352 | +98.0% |
| Distributable reserves | 133 | €294,108 | €582,460 | +€288,352 | +98.0% |
| Amounts payable | 17/49 | €9,176,392 | €7,321,304 | -€1.9m | -20.2% |
| Amounts payable within one year | 42/48 | €1,922,864 | €7,321,304 | +€5.4m | +281% |
| Trade debts | 44 | €1,809,795 | €1,626,405 | -€183,390 | -10.1% |
| Suppliers | 440/4 | €1,809,795 | €1,626,405 | -€183,390 | -10.1% |
| Taxes, remuneration and social security | 45 | €113,070 | €29,725 | -€83,345 | -73.7% |
| Taxes | 450/3 | €113,070 | €9,574 | -€103,496 | -91.5% |
| Remuneration and social security | 454/9 | - | €20,151 | +€20,151 | |
| Other amounts payable | 47/48 | - | €5,665,174 | +€5.7m | |
| Accrued charges and deferred income | 492/3 | €7,253,528 | - | -€7.3m | |
| Operating income | 70/76A | €21,450,157 | €16,237,613 | -€5.2m | -24.3% |
| Turnover | 70 | €21,449,260 | €16,231,746 | -€5.2m | -24.3% |
| Other operating income | 74 | €897 | €5,867 | +€4,970 | +554% |
| Operating charges | 60/66A | €21,251,166 | €15,907,395 | -€5.3m | -25.1% |
| Goods for resale, raw materials and consumables | 60 | €20,155,029 | €15,135,354 | -€5.0m | -24.9% |
| Purchases | 600/8 | €20,155,029 | €15,135,354 | -€5.0m | -24.9% |
| Services and other goods | 61 | €1,079,018 | €562,313 | -€516,704 | -47.9% |
| Remuneration, social security and pensions | 62 | €3,977 | €142,294 | +€138,317 | +3,478% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,717 | €59,285 | +€46,568 | +366% |
| Other operating charges | 640/8 | €425 | €8,148 | +€7,724 | +1,819% |
| Operating profit (loss) | 9901 | €198,991 | €330,218 | +€131,227 | +65.9% |
| Financial income | 75/76B | €174,327 | €68,678 | -€105,649 | -60.6% |
| Recurring financial income | 75 | €174,327 | €68,678 | -€105,649 | -60.6% |
| Income from current assets | 751 | €113,069 | €36,832 | -€76,237 | -67.4% |
| Other financial income | 752/9 | €61,258 | €31,846 | -€29,413 | -48.0% |
| Financial charges | 65/66B | €337 | €814 | +€477 | +142% |
| Recurring financial charges | 65 | €337 | €814 | +€477 | +142% |
| Other financial charges | 652/9 | €337 | €814 | +€477 | +142% |
| Profit (loss) for the period before taxes | 9903 | €372,981 | €398,082 | +€25,101 | +6.7% |
| Income taxes | 67/77 | €103,137 | €109,730 | +€6,592 | +6.4% |
| Taxes | 670/3 | €103,137 | €109,730 | +€6,592 | +6.4% |
| Profit (loss) for the period | 9904 | €269,844 | €288,352 | +€18,509 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €269,844 | €288,352 | +€18,509 | +6.9% |
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 16 October 2026 via checked.be.