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
- Cash +€148,202
up €148,202 (+141.3%), from €104,869 to €253,071
mainly Trade debts (+€173,605) and Receivables within one year (+€54,066)
- Receivables within one year -€54,066
down €54,066 (-9.7%), from €557,471 to €503,404
of which Other amounts receivable: -€106,467
- Trade debts +€173,605
up €173,605 (+77.9%), from €222,853 to €396,457
- Other debts -€81,404
down €81,404 (-79.7%), from €102,173 to €20,769
- Accrued charges and deferred income -€23,574
down €23,574 (-11.9%), from €197,938 to €174,364
- Reserves +€13,847
up €13,847 (+5.3%), from €260,750 to €274,596
- Depreciation +€17,641
up €17,641 (+73.9%), from €23,867 to €41,508
- Other operating charges -€17,462
down €17,462 (-87.1%), from €20,040 to €2,578
- Gross operating margin -€11,941
down €11,941 (-5.7%), from €209,449 to €197,508
- Staff costs +€4,941
up €4,941 (+3.7%), from €132,194 to €137,134
- Taxes -€3,518
down €3,518 (-34.6%), from €10,180 to €6,663
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 | €833,450 | €919,451 | +€86,000 | +10.3% |
| Fixed assets | 21/28 | €153,555 | €148,001 | -€5,554 | -3.6% |
| Tangible fixed assets | 22/27 | €153,555 | €148,001 | -€5,554 | -3.6% |
| Plant, machinery and equipment | 23 | €397 | €257 | -€140 | -35.2% |
| Furniture and vehicles | 24 | €153,158 | €147,744 | -€5,414 | -3.5% |
| Current assets | 29/58 | €679,895 | €771,449 | +€91,554 | +13.5% |
| Stocks and contracts in progress | 3 | €10,297 | €7,776 | -€2,521 | -24.5% |
| Stocks | 30/36 | €10,297 | €7,776 | -€2,521 | -24.5% |
| Amounts receivable within one year | 40/41 | €557,471 | €503,404 | -€54,066 | -9.7% |
| Trade receivables | 40 | €282,247 | €334,648 | +€52,400 | +18.6% |
| Other amounts receivable | 41 | €275,223 | €168,757 | -€106,467 | -38.7% |
| Cash at bank and in hand | 54/58 | €104,869 | €253,071 | +€148,202 | +141.3% |
| Deferred charges and accrued income | 490/1 | €7,259 | €7,198 | -€61 | -0.8% |
| Total equity and liabilities | 10/49 | €833,450 | €919,451 | +€86,000 | +10.3% |
| Equity | 10/15 | €279,350 | €293,196 | +€13,847 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,750 | €274,596 | +€13,847 | +5.3% |
| Distributable reserves | 133 | €260,750 | €274,596 | +€13,847 | +5.3% |
| Provisions and deferred taxes | 16 | €5,592 | €5,592 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,592 | €5,592 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,592 | €5,592 | = | 0.0% |
| Amounts payable | 17/49 | €548,509 | €620,662 | +€72,153 | +13.2% |
| Amounts payable within one year | 42/48 | €350,571 | €446,298 | +€95,727 | +27.3% |
| Trade debts | 44 | €222,853 | €396,457 | +€173,605 | +77.9% |
| Suppliers | 440/4 | €222,853 | €396,457 | +€173,605 | +77.9% |
| Taxes, remuneration and social security | 45 | €25,546 | €29,072 | +€3,526 | +13.8% |
| Taxes | 450/3 | €8,129 | €10,467 | +€2,338 | +28.8% |
| Remuneration and social security | 454/9 | €17,416 | €18,605 | +€1,188 | +6.8% |
| Other amounts payable | 47/48 | €102,173 | €20,769 | -€81,404 | -79.7% |
| Accrued charges and deferred income | 492/3 | €197,938 | €174,364 | -€23,574 | -11.9% |
| Non-recurring operating income | 76A | €27,427 | €11,832 | -€15,595 | -56.9% |
| Remuneration, social security and pensions | 62 | €132,194 | €137,134 | +€4,941 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,867 | €41,508 | +€17,641 | +73.9% |
| Other operating charges | 640/8 | €20,040 | €2,578 | -€17,462 | -87.1% |
| Gross operating margin | 9900 | €209,449 | €197,508 | -€11,941 | -5.7% |
| Operating profit (loss) | 9901 | €33,348 | €16,287 | -€17,061 | -51.2% |
| Financial income | 75/76B | €5,203 | €5,320 | +€117 | +2.2% |
| Recurring financial income | 75 | €5,203 | €5,320 | +€117 | +2.2% |
| Financial charges | 65/66B | €405 | €1,097 | +€692 | +171.0% |
| Recurring financial charges | 65 | €405 | €1,097 | +€692 | +171.0% |
| Profit (loss) for the period before taxes | 9903 | €38,146 | €20,510 | -€17,637 | -46.2% |
| Income taxes | 67/77 | €10,180 | €6,663 | -€3,518 | -34.6% |
| Profit (loss) for the period | 9904 | €27,966 | €13,847 | -€14,119 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,966 | €13,847 | -€14,119 | -50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.