B-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.
B-Construct
Largest movements
- Tangible fixed assets +€59,202
up €59,202 (+87.5%), from €67,688 to €126,891
of which Furniture and vehicles: +€63,720
- Intangible fixed assets +€33,137
new in 2025: €33,137
- Receivables within one year -€19,644
down €19,644 (-11.6%), from €169,781 to €150,137
of which Other amounts receivable: -€154,726
- Other debts +€76,222
up €76,222, from €0 to €76,222
- Debts after one year +€54,099
new in 2025: €54,099
- Trade debts -€50,937
down €50,937 (-37.3%), from €136,395 to €85,458
- Tax, wage and social debts -€11,339
down €11,339 (-50.5%), from €22,447 to €11,108
of which Taxes: -€8,128
- Current portion of long-term debt +€8,901
new in 2025: €8,901
- Gross operating margin -€53,427
down €53,427 (-39.8%), from €134,122 to €80,695
- Staff costs -€17,903
down €17,903 (-23.8%), from €75,376 to €57,472
- Taxes -€11,702
down €11,702 (-100.0%), from €11,702 to €0
- Depreciation +€5,547
up €5,547 (+33.5%), from €16,573 to €22,119
- Other operating charges -€3,183
down €3,183 (-28.6%), from €11,124 to €7,941
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 | €239,047 | €312,135 | +€73,088 | +30.6% |
| Fixed assets | 21/28 | €67,688 | €160,027 | +€92,339 | +136.4% |
| Intangible fixed assets | 21 | - | €33,137 | +€33,137 | |
| Tangible fixed assets | 22/27 | €67,688 | €126,891 | +€59,202 | +87.5% |
| Land and buildings | 22 | €19,440 | €19,440 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,127 | €3,609 | -€4,517 | -55.6% |
| Furniture and vehicles | 24 | €40,122 | €103,841 | +€63,720 | +158.8% |
| Current assets | 29/58 | €171,359 | €152,108 | -€19,251 | -11.2% |
| Amounts receivable within one year | 40/41 | €169,781 | €150,137 | -€19,644 | -11.6% |
| Trade receivables | 40 | €11,188 | €146,271 | +€135,082 | +1207.3% |
| Other amounts receivable | 41 | €158,592 | €3,866 | -€154,726 | -97.6% |
| Cash at bank and in hand | 54/58 | €662 | €592 | -€70 | -10.6% |
| Deferred charges and accrued income | 490/1 | €916 | €1,379 | +€463 | +50.5% |
| Total equity and liabilities | 10/49 | €239,047 | €312,135 | +€73,088 | +30.6% |
| Equity | 10/15 | €80,206 | €75,171 | -€5,035 | -6.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,906 | €23,906 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €22,047 | €22,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,708 | €32,673 | -€5,035 | -13.4% |
| Amounts payable | 17/49 | €158,841 | €236,964 | +€78,123 | +49.2% |
| Amounts payable after more than one year | 17 | - | €54,099 | +€54,099 | |
| Financial debts | 170/4 | - | €54,099 | +€54,099 | |
| Amounts payable within one year | 42/48 | €158,841 | €181,689 | +€22,848 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,901 | +€8,901 | |
| Trade debts | 44 | €136,395 | €85,458 | -€50,937 | -37.3% |
| Suppliers | 440/4 | €136,395 | €85,458 | -€50,937 | -37.3% |
| Taxes, remuneration and social security | 45 | €22,447 | €11,108 | -€11,339 | -50.5% |
| Taxes | 450/3 | €11,717 | €3,589 | -€8,128 | -69.4% |
| Remuneration and social security | 454/9 | €10,729 | €7,518 | -€3,211 | -29.9% |
| Other amounts payable | 47/48 | €0 | €76,222 | +€76,222 | |
| Accrued charges and deferred income | 492/3 | - | €1,176 | +€1,176 | |
| Remuneration, social security and pensions | 62 | €75,376 | €57,472 | -€17,903 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,573 | €22,119 | +€5,547 | +33.5% |
| Other operating charges | 640/8 | €11,124 | €7,941 | -€3,183 | -28.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €134,122 | €80,695 | -€53,427 | -39.8% |
| Operating profit (loss) | 9901 | €31,050 | -€6,838 | -€37,887 | |
| Financial income | 75/76B | €1,566 | €2,874 | +€1,308 | +83.5% |
| Recurring financial income | 75 | €1,566 | €2,874 | +€1,308 | +83.5% |
| Financial charges | 65/66B | €3,565 | €1,071 | -€2,494 | -70.0% |
| Recurring financial charges | 65 | €3,565 | €1,071 | -€2,494 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €29,051 | -€5,035 | -€34,086 | |
| Income taxes | 67/77 | €11,702 | €0 | -€11,702 | -100.0% |
| Profit (loss) for the period | 9904 | €17,349 | -€5,035 | -€22,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,349 | -€5,035 | -€22,384 |
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 12 October 2026 via checked.be.