B.D. - 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.D. - Construct
Largest movements
- Stocks and contracts -€261,575
down €261,575 (-20.1%), from €1.3m to €1.0m
of which Stocks: -€249,017
- Cash +€150,378
up €150,378 (+25.8%), from €583,793 to €734,171
mainly Net result for the year (+€466,281) and Stocks and contracts (+€261,575)
- Receivables within one year +€122,614
up €122,614 (+25.3%), from €484,463 to €607,077
of which Trade receivables: +€125,845
- Tangible fixed assets -€30,298
down €30,298 (-11.7%), from €259,669 to €229,371
of which Plant, machinery and equipment: -€52,393
- Other debts +€204,461
up €204,461 (+91.0%), from €224,647 to €429,108
- Trade debts -€117,047
down €117,047 (-23.8%), from €490,867 to €373,821
- Advances received -€100,916
down €100,916 (-24.0%), from €419,655 to €318,739
- Reserves +€47,867
up €47,867 (+3.8%), from €1.3m to €1.3m
- Debts after one year -€35,070
down €35,070 (-79.9%), from €43,889 to €8,819
- Gross operating margin +€279,030
up €279,030 (+19.8%), from €1.4m to €1.7m
- Staff costs +€69,330
up €69,330 (+7.5%), from €925,841 to €995,171
- Other operating charges +€32,510
up €32,510 (+398%), from €8,162 to €40,672
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.
Derived cash bridge
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 | €2,671,423 | €2,673,892 | +€2,469 | +0.1% |
| Fixed assets | 21/28 | €267,847 | €259,143 | -€8,704 | -3.2% |
| Intangible fixed assets | 21 | €8,179 | €29,772 | +€21,594 | +264% |
| Tangible fixed assets | 22/27 | €259,669 | €229,371 | -€30,298 | -11.7% |
| Plant, machinery and equipment | 23 | €121,386 | €68,994 | -€52,393 | -43.2% |
| Furniture and vehicles | 24 | €41,966 | €74,639 | +€32,673 | +77.9% |
| Other tangible fixed assets | 26 | €96,316 | €85,738 | -€10,579 | -11.0% |
| Current assets | 29/58 | €2,403,575 | €2,414,749 | +€11,174 | +0.5% |
| Stocks and contracts in progress | 3 | €1,301,048 | €1,039,472 | -€261,575 | -20.1% |
| Stocks | 30/36 | €1,204,312 | €955,295 | -€249,017 | -20.7% |
| Contracts in progress | 37 | €96,736 | €84,178 | -€12,558 | -13.0% |
| Amounts receivable within one year | 40/41 | €484,463 | €607,077 | +€122,614 | +25.3% |
| Trade receivables | 40 | €481,092 | €606,937 | +€125,845 | +26.2% |
| Other amounts receivable | 41 | €3,371 | €140 | -€3,231 | -95.8% |
| Cash at bank and in hand | 54/58 | €583,793 | €734,171 | +€150,378 | +25.8% |
| Deferred charges and accrued income | 490/1 | €34,272 | €34,029 | -€244 | -0.7% |
| Total equity and liabilities | 10/49 | €2,671,423 | €2,673,892 | +€2,469 | +0.1% |
| Equity | 10/15 | €1,317,483 | €1,365,350 | +€47,867 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,267,483 | €1,315,350 | +€47,867 | +3.8% |
| Distributable reserves | 133 | €1,267,483 | €1,315,350 | +€47,867 | +3.8% |
| Amounts payable | 17/49 | €1,353,940 | €1,308,542 | -€45,398 | -3.4% |
| Amounts payable after more than one year | 17 | €43,889 | €8,819 | -€35,070 | -79.9% |
| Financial debts | 170/4 | €43,889 | €8,819 | -€35,070 | -79.9% |
| Amounts payable within one year | 42/48 | €1,310,050 | €1,299,722 | -€10,328 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €34,741 | €35,070 | +€329 | +0.9% |
| Trade debts | 44 | €490,867 | €373,821 | -€117,047 | -23.8% |
| Suppliers | 440/4 | €490,867 | €373,821 | -€117,047 | -23.8% |
| Advances received on contracts in progress | 46 | €419,655 | €318,739 | -€100,916 | -24.0% |
| Taxes, remuneration and social security | 45 | €140,139 | €142,985 | +€2,845 | +2.0% |
| Taxes | 450/3 | €41,166 | €41,599 | +€433 | +1.1% |
| Remuneration and social security | 454/9 | €98,973 | €101,386 | +€2,413 | +2.4% |
| Other amounts payable | 47/48 | €224,647 | €429,108 | +€204,461 | +91.0% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €925,841 | €995,171 | +€69,330 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,968 | €100,265 | +€7,297 | +7.8% |
| Other operating charges | 640/8 | €8,162 | €40,672 | +€32,510 | +398% |
| Gross operating margin | 9900 | €1,412,335 | €1,691,366 | +€279,030 | +19.8% |
| Operating profit (loss) | 9901 | €385,364 | €555,258 | +€169,893 | +44.1% |
| Financial income | 75/76B | €4,490 | €3,841 | -€649 | -14.5% |
| Recurring financial income | 75 | €4,490 | €3,841 | -€649 | -14.5% |
| Financial charges | 65/66B | €2,660 | €1,822 | -€838 | -31.5% |
| Recurring financial charges | 65 | €2,660 | €1,822 | -€838 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €387,194 | €557,276 | +€170,082 | +43.9% |
| Income taxes | 67/77 | €86,815 | €90,995 | +€4,180 | +4.8% |
| Profit (loss) for the period | 9904 | €300,379 | €466,281 | +€165,902 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €300,379 | €466,281 | +€165,902 | +55.2% |
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 14 October 2026 via checked.be.