Balconstruct: 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.
Balconstruct
Largest movements
- Receivables within one year -€172,101
down €172,101 (-63.7%), from €270,015 to €97,914
of which Other amounts receivable: -€135,843
- Cash +€116,651
up €116,651 (+409.0%), from €28,518 to €145,169
mainly Net result for the year (+€283,003) and Tax, wage and social debts (+€181,529)
- Stocks and contracts +€111,405
up €111,405 (+8.7%), from €1.3m to €1.4m
- Short-term financial debts -€550,082
down €550,082 (-52.4%), from €1.1m to €499,918
- Reserves +€283,003
up €283,003 (+89.6%), from €316,026 to €599,029
- Tax, wage and social debts +€181,529
up €181,529 (+384.2%), from €47,252 to €228,780
- Trade debts +€122,586
up €122,586 (+495.4%), from €24,746 to €147,332
- Other debts +€29,242
up €29,242 (+23.4%), from €124,991 to €154,233
- Gross operating margin +€264,653
up €264,653 (+142.3%), from €186,047 to €450,701
- Financial charges +€69,629
up €69,629 (+968.6%), from €7,189 to €76,818
- Taxes +€53,710
up €53,710 (+141.6%), from €37,940 to €91,650
- Depreciation -€8,779
down €8,779 (-82.8%), from €10,604 to €1,825
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 | €1,576,362 | €1,634,939 | +€58,577 | +3.7% |
| Fixed assets | 21/28 | €726 | €3,356 | +€2,630 | +362.1% |
| Tangible fixed assets | 22/27 | €726 | €3,356 | +€2,630 | +362.1% |
| Furniture and vehicles | 24 | €726 | €3,356 | +€2,630 | +362.1% |
| Current assets | 29/58 | €1,575,635 | €1,631,583 | +€55,947 | +3.6% |
| Stocks and contracts in progress | 3 | €1,276,943 | €1,388,348 | +€111,405 | +8.7% |
| Stocks | 30/36 | €1,276,943 | €1,388,348 | +€111,405 | +8.7% |
| Amounts receivable within one year | 40/41 | €270,015 | €97,914 | -€172,101 | -63.7% |
| Trade receivables | 40 | €90,655 | €54,397 | -€36,258 | -40.0% |
| Other amounts receivable | 41 | €179,360 | €43,517 | -€135,843 | -75.7% |
| Cash at bank and in hand | 54/58 | €28,518 | €145,169 | +€116,651 | +409.0% |
| Deferred charges and accrued income | 490/1 | €159 | €152 | -€7 | -4.7% |
| Total equity and liabilities | 10/49 | €1,576,362 | €1,634,939 | +€58,577 | +3.7% |
| Equity | 10/15 | €321,026 | €604,029 | +€283,003 | +88.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €316,026 | €599,029 | +€283,003 | +89.6% |
| Distributable reserves | 133 | €316,026 | €599,029 | +€283,003 | +89.6% |
| Amounts payable | 17/49 | €1,255,335 | €1,030,910 | -€224,425 | -17.9% |
| Amounts payable after more than one year | 17 | €646 | - | -€646 | |
| Financial debts | 170/4 | €646 | - | -€646 | |
| Amounts payable within one year | 42/48 | €1,254,689 | €1,030,910 | -€223,779 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €7,700 | €646 | -€7,054 | -91.6% |
| Financial debts | 43 | €1,050,000 | €499,918 | -€550,082 | -52.4% |
| Credit institutions | 430/8 | €1,050,000 | €499,918 | -€550,082 | -52.4% |
| Trade debts | 44 | €24,746 | €147,332 | +€122,586 | +495.4% |
| Suppliers | 440/4 | €24,746 | €147,332 | +€122,586 | +495.4% |
| Taxes, remuneration and social security | 45 | €47,252 | €228,780 | +€181,529 | +384.2% |
| Taxes | 450/3 | €47,252 | €228,780 | +€181,529 | +384.2% |
| Other amounts payable | 47/48 | €124,991 | €154,233 | +€29,242 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,604 | €1,825 | -€8,779 | -82.8% |
| Other operating charges | 640/8 | €725 | €1,258 | +€533 | +73.6% |
| Non-recurring operating charges | 66A | €798 | - | -€798 | |
| Gross operating margin | 9900 | €186,047 | €450,701 | +€264,653 | +142.3% |
| Operating profit (loss) | 9901 | €173,921 | €447,618 | +€273,697 | +157.4% |
| Financial income | 75/76B | €2,873 | €3,853 | +€980 | +34.1% |
| Recurring financial income | 75 | €2,873 | €3,853 | +€980 | +34.1% |
| Financial charges | 65/66B | €7,189 | €76,818 | +€69,629 | +968.6% |
| Recurring financial charges | 65 | €7,189 | €76,818 | +€69,629 | +968.6% |
| Profit (loss) for the period before taxes | 9903 | €169,606 | €374,653 | +€205,047 | +120.9% |
| Income taxes | 67/77 | €37,940 | €91,650 | +€53,710 | +141.6% |
| Profit (loss) for the period | 9904 | €131,666 | €283,003 | +€151,337 | +114.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,666 | €283,003 | +€151,337 | +114.9% |
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 5 October 2026 via checked.be.