AIOSA CONSTRUCT: 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.
AIOSA CONSTRUCT
Largest movements
- Stocks and contracts +€403,485
up €403,485 (+140.7%), from €286,750 to €690,235
of which Contracts in progress: +€403,485
- Cash -€78,814
down €78,814 (-66.1%), from €119,264 to €40,450
mainly Stocks and contracts (-€403,485) and Trade debts (-€53,347)
- Tangible fixed assets -€12,619
down €12,619 (-6.7%), from €189,391 to €176,772
of which Land and buildings: -€7,381
- Current portion of long-term debt +€406,440
up €406,440 (+2694.0%), from €15,087 to €421,527
- Trade debts -€53,347
down €53,347 (-80.7%), from €66,128 to €12,781
- Tax, wage and social debts -€26,764
down €26,764 (-68.2%), from €39,263 to €12,499
of which Taxes: -€29,479
- Debts after one year -€15,527
down €15,527 (-13.5%), from €114,596 to €99,069
- Gross operating margin -€39,030
down €39,030 (-21.1%), from €184,852 to €145,822
- Staff costs +€23,271
up €23,271 (+26.5%), from €87,898 to €111,169
- Taxes -€16,871
down €16,871 (-82.1%), from €20,545 to €3,674
- Depreciation -€6,333
down €6,333 (-29.5%), from €21,461 to €15,128
- Financial income -€5,170
down €5,170 (-100.0%), from €5,172 to €2
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 | €669,002 | €973,043 | +€304,041 | +45.4% |
| Fixed assets | 21/28 | €189,391 | €176,972 | -€12,419 | -6.6% |
| Tangible fixed assets | 22/27 | €189,391 | €176,772 | -€12,619 | -6.7% |
| Land and buildings | 22 | €157,638 | €150,257 | -€7,381 | -4.7% |
| Plant, machinery and equipment | 23 | €31,173 | €26,515 | -€4,658 | -14.9% |
| Furniture and vehicles | 24 | €580 | - | -€580 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €479,611 | €796,071 | +€316,460 | +66.0% |
| Stocks and contracts in progress | 3 | €286,750 | €690,235 | +€403,485 | +140.7% |
| Stocks | 30/36 | €157,785 | €157,785 | = | 0.0% |
| Contracts in progress | 37 | €128,965 | €532,450 | +€403,485 | +312.9% |
| Amounts receivable within one year | 40/41 | €70,177 | €62,547 | -€7,630 | -10.9% |
| Trade receivables | 40 | €50,000 | €35,900 | -€14,100 | -28.2% |
| Other amounts receivable | 41 | €20,177 | €26,647 | +€6,470 | +32.1% |
| Cash at bank and in hand | 54/58 | €119,264 | €40,450 | -€78,814 | -66.1% |
| Deferred charges and accrued income | 490/1 | €3,420 | €2,839 | -€581 | -17.0% |
| Total equity and liabilities | 10/49 | €669,002 | €973,043 | +€304,041 | +45.4% |
| Equity | 10/15 | €419,932 | €424,668 | +€4,736 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €222,860 | €222,860 | = | 0.0% |
| Distributable reserves | 133 | €222,860 | €222,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,872 | €195,608 | +€4,736 | +2.5% |
| Amounts payable | 17/49 | €249,070 | €548,375 | +€299,305 | +120.2% |
| Amounts payable after more than one year | 17 | €114,596 | €99,069 | -€15,527 | -13.5% |
| Financial debts | 170/4 | €114,596 | €99,069 | -€15,527 | -13.5% |
| Amounts payable within one year | 42/48 | €129,903 | €449,306 | +€319,403 | +245.9% |
| Current portion of amounts payable after more than one year | 42 | €15,087 | €421,527 | +€406,440 | +2694.0% |
| Trade debts | 44 | €66,128 | €12,781 | -€53,347 | -80.7% |
| Suppliers | 440/4 | €66,128 | €12,781 | -€53,347 | -80.7% |
| Taxes, remuneration and social security | 45 | €39,263 | €12,499 | -€26,764 | -68.2% |
| Taxes | 450/3 | €33,279 | €3,800 | -€29,479 | -88.6% |
| Remuneration and social security | 454/9 | €5,984 | €8,699 | +€2,715 | +45.4% |
| Other amounts payable | 47/48 | €9,425 | €2,499 | -€6,926 | -73.5% |
| Accrued charges and deferred income | 492/3 | €4,571 | - | -€4,571 | |
| Remuneration, social security and pensions | 62 | €87,898 | €111,169 | +€23,271 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,461 | €15,128 | -€6,333 | -29.5% |
| Other operating charges | 640/8 | €3,651 | €3,537 | -€114 | -3.1% |
| Gross operating margin | 9900 | €184,852 | €145,822 | -€39,030 | -21.1% |
| Operating profit (loss) | 9901 | €71,842 | €15,988 | -€55,854 | -77.7% |
| Financial income | 75/76B | €5,172 | €2 | -€5,170 | -100.0% |
| Recurring financial income | 75 | €5,172 | €2 | -€5,170 | -100.0% |
| Financial charges | 65/66B | €9,876 | €7,580 | -€2,296 | -23.2% |
| Recurring financial charges | 65 | €9,876 | €7,580 | -€2,296 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €67,138 | €8,410 | -€58,728 | -87.5% |
| Income taxes | 67/77 | €20,545 | €3,674 | -€16,871 | -82.1% |
| Profit (loss) for the period | 9904 | €46,593 | €4,736 | -€41,857 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,593 | €4,736 | -€41,857 | -89.8% |
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 1 October 2026 via checked.be.