B-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.
What changed
B-CONSTRUCT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€380,981
2024 · €286,468+€94,513
Equity
€2.7m
2024 · €2.3m+€380,981
Cash
€73,447
2024 · €40,241+€33,206
Balance sheet total
€3.4m
2024 · €3.1m+€308,772
Largest movements
Assets
- Receivables after one year +€570,818
up €570,818 (+160.1%), from €356,641 to €927,459
- Financial fixed assets -€322,045
down €322,045 (-15.1%), from €2.1m to €1.8m
Equity and liabilities
- Reserves +€380,981
up €380,981 (+24.0%), from €1.6m to €2.0m
of which Distributable reserves: +€380,981
- Debts after one year -€107,875
down €107,875 (-20.5%), from €525,940 to €418,065
of which Financial debts: -€97,005
Income statement
- Financial income +€115,741
up €115,741 (+58.2%), from €198,912 to €314,653
- Taxes +€41,417
up €41,417 (+124.9%), from €33,159 to €74,575
- Gross operating margin +€30,351
up €30,351 (+19.2%), from €158,296 to €188,647
- Depreciation +€11,710
up €11,710 (+65.5%), from €17,879 to €29,589
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.
Result 2024
€286,468
Gross operating margin
+€30,351
Depreciation
-€11,710
Other operating charges
+€152
Financial income
+€115,741
Financial charges
+€1,396
Taxes
-€41,417
Result 2025
€380,981
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.
From operations
-€147,515
Investment
+€285,388
Financing
-€104,667
Cash 2024
€40,241
From operations (derived)
-€147,515
Net result for the year
+€380,981
Depreciation
+€29,589
Receivables after one year
-€570,818
Receivables within one year
-€279
Deferred charges and accrued income
-€19,446
Trade debts
+€27,982
Tax, wage and social debts
+€33,220
Other debts
-€26,221
Accrued charges and deferred income
-€2,523
Investment (derived)
+€285,388
Investment in fixed assets (net)
+€285,388
Financing
-€104,667
Debts after one year
-€107,875
Current portion of long-term debt
+€1,410
Short-term financial debts
+€1,797
Cash 2025
€73,447
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,054,304 | €3,363,075 | +€308,772 | +10.1% |
| Fixed assets | 21/28 | €2,623,394 | €2,308,418 | -€314,977 | -12.0% |
| Tangible fixed assets | 22/27 | €491,633 | €498,702 | +€7,068 | +1.4% |
| Land and buildings | 22 | €486,020 | €470,115 | -€15,905 | -3.3% |
| Furniture and vehicles | 24 | €2,257 | €25,208 | +€22,951 | +1017.1% |
| Other tangible fixed assets | 26 | €3,357 | €3,379 | +€22 | +0.6% |
| Financial fixed assets | 28 | €2,131,761 | €1,809,716 | -€322,045 | -15.1% |
| Current assets | 29/58 | €430,910 | €1,054,658 | +€623,748 | +144.8% |
| Amounts receivable after more than one year | 29 | €356,641 | €927,459 | +€570,818 | +160.1% |
| Trade receivables | 290 | €356,641 | €927,459 | +€570,818 | +160.1% |
| Amounts receivable within one year | 40/41 | €24,980 | €25,259 | +€279 | +1.1% |
| Trade receivables | 40 | €23,444 | €25,259 | +€1,815 | +7.7% |
| Other amounts receivable | 41 | €1,536 | €0 | -€1,536 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,241 | €73,447 | +€33,206 | +82.5% |
| Deferred charges and accrued income | 490/1 | €9,047 | €28,493 | +€19,446 | +215.0% |
| Total equity and liabilities | 10/49 | €3,054,304 | €3,363,075 | +€308,772 | +10.1% |
| Equity | 10/15 | €2,310,373 | €2,691,354 | +€380,981 | +16.5% |
| Contributions | 10/11 | €726,200 | €726,200 | = | 0.0% |
| Reserves | 13 | €1,584,173 | €1,965,154 | +€380,981 | +24.0% |
| Non-distributable reserves | 130/1 | €3,330 | €3,330 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,330 | €3,330 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,750 | €49,750 | = | 0.0% |
| Distributable reserves | 133 | €1,531,094 | €1,912,074 | +€380,981 | +24.9% |
| Amounts payable | 17/49 | €743,930 | €671,721 | -€72,209 | -9.7% |
| Amounts payable after more than one year | 17 | €525,940 | €418,065 | -€107,875 | -20.5% |
| Financial debts | 170/4 | €292,838 | €195,833 | -€97,005 | -33.1% |
| Other amounts payable | 178/9 | €233,102 | €222,232 | -€10,870 | -4.7% |
| Amounts payable within one year | 42/48 | €213,297 | €251,486 | +€38,188 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €95,594 | €97,005 | +€1,410 | +1.5% |
| Financial debts | 43 | €19,073 | €20,870 | +€1,797 | +9.4% |
| Credit institutions | 430/8 | €8,363 | €10,000 | +€1,637 | +19.6% |
| Other loans | 439 | €10,710 | €10,870 | +€161 | +1.5% |
| Trade debts | 44 | €16,980 | €44,962 | +€27,982 | +164.8% |
| Suppliers | 440/4 | €16,980 | €44,962 | +€27,982 | +164.8% |
| Taxes, remuneration and social security | 45 | €23,976 | €57,196 | +€33,220 | +138.6% |
| Taxes | 450/3 | €23,976 | €57,196 | +€33,220 | +138.6% |
| Other amounts payable | 47/48 | €57,674 | €31,453 | -€26,221 | -45.5% |
| Accrued charges and deferred income | 492/3 | €4,693 | €2,170 | -€2,523 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,879 | €29,589 | +€11,710 | +65.5% |
| Other operating charges | 640/8 | €4,563 | €4,411 | -€152 | -3.3% |
| Gross operating margin | 9900 | €158,296 | €188,647 | +€30,351 | +19.2% |
| Operating profit (loss) | 9901 | €135,854 | €154,647 | +€18,793 | +13.8% |
| Financial income | 75/76B | €198,912 | €314,653 | +€115,741 | +58.2% |
| Recurring financial income | 75 | €198,912 | €314,653 | +€115,741 | +58.2% |
| Financial charges | 65/66B | €15,139 | €13,744 | -€1,396 | -9.2% |
| Recurring financial charges | 65 | €15,139 | €13,744 | -€1,396 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €319,626 | €455,556 | +€135,930 | +42.5% |
| Income taxes | 67/77 | €33,159 | €74,575 | +€41,417 | +124.9% |
| Profit (loss) for the period | 9904 | €286,468 | €380,981 | +€94,513 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €286,468 | €380,981 | +€94,513 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.