B.V. 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.V. CONSTRUCT
Largest movements
- Receivables within one year -€112,506
down €112,506 (-34.0%), from €331,213 to €218,706
of which Trade receivables: -€89,520
- Tangible fixed assets +€46,411
up €46,411 (+90.8%), from €51,104 to €97,515
of which Furniture and vehicles: +€51,570
- Cash -€22,036
down €22,036 (-49.5%), from €44,494 to €22,458
mainly Trade debts (-€108,936) and Investment in fixed assets (net) (-€76,787)
- Financial fixed assets +€8,822
up €8,822 (+336.4%), from €2,622 to €11,445
- Trade debts -€108,936
down €108,936 (-40.0%), from €272,002 to €163,066
- Debts after one year +€16,378
up €16,378 (+65.1%), from €25,159 to €41,538
- Profit (loss) carried forward +€12,056
up €12,056 (+12.5%), from €96,767 to €108,823
- Tax, wage and social debts -€6,642
down €6,642 (-66.1%), from €10,042 to €3,400
of which Taxes: -€10,042
- Current portion of long-term debt +€5,941
up €5,941 (+94.3%), from €6,301 to €12,242
- Other operating charges +€56,940
up €56,940 (+1349.9%), from €4,218 to €61,159
- Gross operating margin +€42,184
up €42,184 (+75.0%), from €56,270 to €98,454
- Turnover +€25,259
up €25,259 (+3.0%), from €843,529 to €868,788
- Purchases and services -€14,684
down €14,684 (-1.9%), from €787,730 to €773,046
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 | €429,432 | €351,439 | -€77,993 | -18.2% |
| Fixed assets | 21/28 | €53,726 | €108,959 | +€55,234 | +102.8% |
| Tangible fixed assets | 22/27 | €51,104 | €97,515 | +€46,411 | +90.8% |
| Plant, machinery and equipment | 23 | €8,985 | €3,826 | -€5,159 | -57.4% |
| Furniture and vehicles | 24 | €42,118 | €93,688 | +€51,570 | +122.4% |
| Financial fixed assets | 28 | €2,622 | €11,445 | +€8,822 | +336.4% |
| Current assets | 29/58 | €375,706 | €242,480 | -€133,227 | -35.5% |
| Amounts receivable within one year | 40/41 | €331,213 | €218,706 | -€112,506 | -34.0% |
| Trade receivables | 40 | €211,843 | €122,323 | -€89,520 | -42.3% |
| Other amounts receivable | 41 | €119,369 | €96,383 | -€22,986 | -19.3% |
| Cash at bank and in hand | 54/58 | €44,494 | €22,458 | -€22,036 | -49.5% |
| Deferred charges and accrued income | 490/1 | - | €1,316 | +€1,316 | |
| Total equity and liabilities | 10/49 | €429,432 | €351,439 | -€77,993 | -18.2% |
| Equity | 10/15 | €115,927 | €127,983 | +€12,056 | +10.4% |
| Contributions | 10/11 | €17,300 | €17,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,767 | €108,823 | +€12,056 | +12.5% |
| Amounts payable | 17/49 | €313,505 | €223,456 | -€90,049 | -28.7% |
| Amounts payable after more than one year | 17 | €25,159 | €41,538 | +€16,378 | +65.1% |
| Financial debts | 170/4 | €25,159 | €41,538 | +€16,378 | +65.1% |
| Amounts payable within one year | 42/48 | €288,346 | €181,918 | -€106,427 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €6,301 | €12,242 | +€5,941 | +94.3% |
| Financial debts | 43 | - | €3,210 | +€3,210 | |
| Credit institutions | 430/8 | - | €3,210 | +€3,210 | |
| Trade debts | 44 | €272,002 | €163,066 | -€108,936 | -40.0% |
| Suppliers | 440/4 | €272,002 | €163,066 | -€108,936 | -40.0% |
| Taxes, remuneration and social security | 45 | €10,042 | €3,400 | -€6,642 | -66.1% |
| Taxes | 450/3 | €10,042 | - | -€10,042 | |
| Remuneration and social security | 454/9 | - | €3,400 | +€3,400 | |
| Turnover | 70 | €843,529 | €868,788 | +€25,259 | +3.0% |
| Non-recurring operating income | 76A | €471 | €2,712 | +€2,241 | +475.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €787,730 | €773,046 | -€14,684 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,229 | €21,554 | +€3,325 | +18.2% |
| Other operating charges | 640/8 | €4,218 | €61,159 | +€56,940 | +1349.9% |
| Non-recurring operating charges | 66A | €25,500 | - | -€25,500 | |
| Gross operating margin | 9900 | €56,270 | €98,454 | +€42,184 | +75.0% |
| Operating profit (loss) | 9901 | €8,323 | €15,742 | +€7,419 | +89.1% |
| Financial income | 75/76B | €3,191 | €5,444 | +€2,253 | +70.6% |
| Recurring financial income | 75 | €3,191 | €5,444 | +€2,253 | +70.6% |
| Financial charges | 65/66B | €1,143 | €5,101 | +€3,958 | +346.2% |
| Recurring financial charges | 65 | €1,143 | €5,101 | +€3,958 | +346.2% |
| Profit (loss) for the period before taxes | 9903 | €10,370 | €16,084 | +€5,714 | +55.1% |
| Income taxes | 67/77 | €10,042 | €4,029 | -€6,014 | -59.9% |
| Profit (loss) for the period | 9904 | €328 | €12,056 | +€11,727 | +3574.2% |
| Profit (loss) for the period to be appropriated | 9905 | €328 | €12,056 | +€11,727 | +3574.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.