AND 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.
AND CONSTRUCT
Largest movements
- Tangible fixed assets -€12,616
down €12,616 (-22.3%), from €56,497 to €43,881
of which Furniture and vehicles: -€16,350
- Deferred charges and accrued income +€9,468
up €9,468 (+175%), from €5,408 to €14,876
- Receivables within one year -€3,887
down €3,887 (-11.5%), from €33,681 to €29,794
of which Trade receivables: -€4,116
- Stocks and contracts +€3,429
new in 2026: €3,429
- Other debts +€12,536
up €12,536 (+585%), from €2,144 to €14,680
- Trade debts -€4,877
down €4,877 (-23.8%), from €20,467 to €15,590
- Reserves -€4,816
down €4,816 (-13.4%), from €35,812 to €30,996
- Tax, wage and social debts -€4,312
down €4,312 (-13.1%), from €32,791 to €28,479
of which Taxes: -€2,512
- Profit (loss) carried forward -€2,293
new in 2026: -€2,293
- Gross operating margin -€40,683
down €40,683 (-63.8%), from €63,745 to €23,062
- Taxes -€16,509
down €16,509 (-89.8%), from €18,391 to €1,882
- Depreciation +€8,187
up €8,187 (+76.9%), from €10,650 to €18,837
- Financial charges +€3,747
up €3,747 (+163%), from €2,304 to €6,051
- Other operating charges +€2,015
up €2,015 (+134%), from €1,509 to €3,523
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,214 | €92,452 | -€3,762 | -3.9% |
| Fixed assets | 21/28 | €56,497 | €43,881 | -€12,616 | -22.3% |
| Tangible fixed assets | 22/27 | €56,497 | €43,881 | -€12,616 | -22.3% |
| Plant, machinery and equipment | 23 | €710 | €4,445 | +€3,735 | +526% |
| Furniture and vehicles | 24 | €55,787 | €39,436 | -€16,350 | -29.3% |
| Current assets | 29/58 | €39,717 | €48,571 | +€8,854 | +22.3% |
| Stocks and contracts in progress | 3 | - | €3,429 | +€3,429 | |
| Stocks | 30/36 | - | €3,429 | +€3,429 | |
| Amounts receivable within one year | 40/41 | €33,681 | €29,794 | -€3,887 | -11.5% |
| Trade receivables | 40 | €21,417 | €17,301 | -€4,116 | -19.2% |
| Other amounts receivable | 41 | €12,264 | €12,493 | +€229 | +1.9% |
| Cash at bank and in hand | 54/58 | €628 | €471 | -€157 | -25.0% |
| Deferred charges and accrued income | 490/1 | €5,408 | €14,876 | +€9,468 | +175% |
| Total equity and liabilities | 10/49 | €96,214 | €92,452 | -€3,762 | -3.9% |
| Equity | 10/15 | €40,812 | €33,703 | -€7,109 | -17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,812 | €30,996 | -€4,816 | -13.4% |
| Distributable reserves | 133 | €35,812 | €30,996 | -€4,816 | -13.4% |
| Profit (loss) carried forward | 14 | - | -€2,293 | -€2,293 | |
| Amounts payable | 17/49 | €55,402 | €58,749 | +€3,347 | +6.0% |
| Amounts payable within one year | 42/48 | €55,402 | €58,749 | +€3,347 | +6.0% |
| Trade debts | 44 | €20,467 | €15,590 | -€4,877 | -23.8% |
| Suppliers | 440/4 | €20,467 | €15,590 | -€4,877 | -23.8% |
| Taxes, remuneration and social security | 45 | €32,791 | €28,479 | -€4,312 | -13.1% |
| Taxes | 450/3 | €18,391 | €15,879 | -€2,512 | -13.7% |
| Remuneration and social security | 454/9 | €14,400 | €12,600 | -€1,800 | -12.5% |
| Other amounts payable | 47/48 | €2,144 | €14,680 | +€12,536 | +585% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,650 | €18,837 | +€8,187 | +76.9% |
| Other operating charges | 640/8 | €1,509 | €3,523 | +€2,015 | +134% |
| Gross operating margin | 9900 | €63,745 | €23,062 | -€40,683 | -63.8% |
| Operating profit (loss) | 9901 | €51,586 | €701 | -€50,885 | -98.6% |
| Financial income | 75/76B | €105 | €123 | +€18 | +16.8% |
| Recurring financial income | 75 | €105 | €123 | +€18 | +16.8% |
| Financial charges | 65/66B | €2,304 | €6,051 | +€3,747 | +163% |
| Recurring financial charges | 65 | €2,304 | €6,051 | +€3,747 | +163% |
| Profit (loss) for the period before taxes | 9903 | €49,387 | -€5,227 | -€54,614 | |
| Income taxes | 67/77 | €18,391 | €1,882 | -€16,509 | -89.8% |
| Profit (loss) for the period | 9904 | €30,996 | -€7,109 | -€38,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,996 | -€7,109 | -€38,105 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.