AR 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.
AR CONSTRUCT
Largest movements
- Cash +€25,598
up €25,598 (+339.3%), from €7,546 to €33,144
mainly Trade debts (+€32,801) and Net result for the year (+€26,936)
- Receivables within one year +€9,560
up €9,560 (+13.3%), from €71,965 to €81,525
of which Other amounts receivable: +€27,235
- Tangible fixed assets +€5,328
up €5,328 (+543.5%), from €980 to €6,308
of which Furniture and vehicles: +€5,395
- Trade debts +€32,801
up €32,801 (+1627.9%), from €2,015 to €34,816
- Profit (loss) carried forward +€26,936
up €26,936 (+69.5%), from €38,757 to €65,693
- Accrued charges and deferred income -€20,498
no longer reported in 2025 (was €20,498)
- Tax, wage and social debts +€1,223
up €1,223 (+17.8%), from €6,872 to €8,095
- Gross operating margin +€9,351
up €9,351 (+34.4%), from €27,172 to €36,523
- Taxes +€2,153
up €2,153 (+40.1%), from €5,373 to €7,525
- Depreciation +€1,114
up €1,114 (+94.1%), from €1,185 to €2,299
- Financial income +€493
new in 2025: €493
of which Financial income: +€493
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 | €80,491 | €120,977 | +€40,486 | +50.3% |
| Fixed assets | 21/28 | €980 | €6,308 | +€5,328 | +543.5% |
| Tangible fixed assets | 22/27 | €980 | €6,308 | +€5,328 | +543.5% |
| Plant, machinery and equipment | 23 | €980 | €913 | -€67 | -6.9% |
| Furniture and vehicles | 24 | - | €5,395 | +€5,395 | |
| Current assets | 29/58 | €79,511 | €114,669 | +€35,158 | +44.2% |
| Amounts receivable within one year | 40/41 | €71,965 | €81,525 | +€9,560 | +13.3% |
| Trade receivables | 40 | €70,466 | €52,791 | -€17,676 | -25.1% |
| Other amounts receivable | 41 | €1,499 | €28,734 | +€27,235 | +1816.9% |
| Cash at bank and in hand | 54/58 | €7,546 | €33,144 | +€25,598 | +339.3% |
| Total equity and liabilities | 10/49 | €80,491 | €120,977 | +€40,486 | +50.3% |
| Equity | 10/15 | €51,107 | €78,043 | +€26,936 | +52.7% |
| Contributions | 10/11 | €12,350 | €12,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,757 | €65,693 | +€26,936 | +69.5% |
| Amounts payable | 17/49 | €29,384 | €42,934 | +€13,549 | +46.1% |
| Amounts payable within one year | 42/48 | €8,887 | €42,934 | +€34,047 | +383.1% |
| Trade debts | 44 | €2,015 | €34,816 | +€32,801 | +1627.9% |
| Suppliers | 440/4 | €2,015 | €34,816 | +€32,801 | +1627.9% |
| Taxes, remuneration and social security | 45 | €6,872 | €8,095 | +€1,223 | +17.8% |
| Taxes | 450/3 | €6,872 | €8,095 | +€1,223 | +17.8% |
| Other amounts payable | 47/48 | - | €23 | +€23 | |
| Accrued charges and deferred income | 492/3 | €20,498 | - | -€20,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €2,299 | +€1,114 | +94.1% |
| Other operating charges | 640/8 | €446 | €149 | -€298 | -66.7% |
| Gross operating margin | 9900 | €27,172 | €36,523 | +€9,351 | +34.4% |
| Operating profit (loss) | 9901 | €25,541 | €34,075 | +€8,534 | +33.4% |
| Financial income | 75/76B | - | €493 | +€493 | |
| Recurring financial income | 75 | - | €493 | +€493 | |
| Non-recurring financial income | 76B | - | €493 | +€493 | |
| Financial charges | 65/66B | €399 | €106 | -€292 | -73.3% |
| Recurring financial charges | 65 | €399 | €106 | -€292 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €25,142 | €34,462 | +€9,320 | +37.1% |
| Income taxes | 67/77 | €5,373 | €7,525 | +€2,153 | +40.1% |
| Profit (loss) for the period | 9904 | €19,769 | €26,936 | +€7,167 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,769 | €26,936 | +€7,167 | +36.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.