B&S 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.
B&S Construct
Largest movements
- Tangible fixed assets +€41,206
up €41,206 (+999.4%), from €4,123 to €45,329
of which Furniture and vehicles: +€42,678
- Receivables within one year -€38,833
down €38,833 (-16.8%), from €231,215 to €192,382
of which Other amounts receivable: -€24,676
- Cash -€35,520
down €35,520 (-26.3%), from €135,015 to €99,495
mainly Investment in fixed assets (net) (-€51,669) and Contributions, distributions and other (-€50,000)
- Reserves -€16,647
down €16,647 (-6.6%), from €251,564 to €234,917
of which Distributable reserves: -€16,647
- Trade debts -€11,948
down €11,948 (-42.4%), from €28,160 to €16,212
- Gross operating margin -€47,813
down €47,813 (-35.0%), from €136,712 to €88,899
- Taxes -€18,527
down €18,527 (-52.1%), from €35,577 to €17,050
- Depreciation +€4,594
up €4,594 (+78.3%), from €5,869 to €10,463
- Staff costs +€3,603
up €3,603 (+11.1%), from €32,464 to €36,067
- Financial income -€1,817
down €1,817 (-15.5%), from €11,731 to €9,914
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 | €383,618 | €350,873 | -€32,745 | -8.5% |
| Fixed assets | 21/28 | €4,123 | €45,329 | +€41,206 | +999.4% |
| Tangible fixed assets | 22/27 | €4,123 | €45,329 | +€41,206 | +999.4% |
| Plant, machinery and equipment | 23 | €2,605 | €1,133 | -€1,472 | -56.5% |
| Furniture and vehicles | 24 | €1,518 | €44,196 | +€42,678 | +2810.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €379,495 | €305,544 | -€73,951 | -19.5% |
| Amounts receivable within one year | 40/41 | €231,215 | €192,382 | -€38,833 | -16.8% |
| Trade receivables | 40 | €57,673 | €43,515 | -€14,157 | -24.5% |
| Other amounts receivable | 41 | €173,543 | €148,867 | -€24,676 | -14.2% |
| Cash at bank and in hand | 54/58 | €135,015 | €99,495 | -€35,520 | -26.3% |
| Deferred charges and accrued income | 490/1 | €13,264 | €13,666 | +€402 | +3.0% |
| Total equity and liabilities | 10/49 | €383,618 | €350,873 | -€32,745 | -8.5% |
| Equity | 10/15 | €336,564 | €319,917 | -€16,647 | -4.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €251,564 | €234,917 | -€16,647 | -6.6% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €243,064 | €226,417 | -€16,647 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,053 | €30,956 | -€16,098 | -34.2% |
| Amounts payable within one year | 42/48 | €47,053 | €30,956 | -€16,098 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €3,267 | €0 | -€3,267 | -100.0% |
| Trade debts | 44 | €28,160 | €16,212 | -€11,948 | -42.4% |
| Suppliers | 440/4 | €28,160 | €16,212 | -€11,948 | -42.4% |
| Taxes, remuneration and social security | 45 | €15,626 | €14,744 | -€882 | -5.6% |
| Taxes | 450/3 | €11,185 | €10,558 | -€627 | -5.6% |
| Remuneration and social security | 454/9 | €4,442 | €4,186 | -€255 | -5.8% |
| Remuneration, social security and pensions | 62 | €32,464 | €36,067 | +€3,603 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,869 | €10,463 | +€4,594 | +78.3% |
| Other operating charges | 640/8 | €2,090 | €1,598 | -€492 | -23.5% |
| Gross operating margin | 9900 | €136,712 | €88,899 | -€47,813 | -35.0% |
| Operating profit (loss) | 9901 | €96,290 | €40,772 | -€55,518 | -57.7% |
| Financial income | 75/76B | €11,731 | €9,914 | -€1,817 | -15.5% |
| Recurring financial income | 75 | €11,731 | €9,914 | -€1,817 | -15.5% |
| Financial charges | 65/66B | €749 | €283 | -€467 | -62.3% |
| Recurring financial charges | 65 | €749 | €283 | -€467 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €107,271 | €50,403 | -€56,868 | -53.0% |
| Income taxes | 67/77 | €35,577 | €17,050 | -€18,527 | -52.1% |
| Profit (loss) for the period | 9904 | €71,694 | €33,353 | -€38,341 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,694 | €33,353 | -€38,341 | -53.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.