BC-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.
BC-Construct
Largest movements
- Stocks and contracts +€316,471
up €316,471 (+68.3%), from €463,032 to €779,503
of which Contracts in progress: +€309,971
- Cash -€278,847
down €278,847 (-29.2%), from €956,210 to €677,363
mainly Trade debts (-€345,660) and Stocks and contracts (-€316,471)
- Receivables within one year -€121,773
down €121,773 (-9.2%), from €1.3m to €1.2m
of which Other amounts receivable: -€196,900
- Current investments -€97,596
down €97,596 (-47.3%), from €206,544 to €108,947
- Trade debts -€345,660
down €345,660 (-24.1%), from €1.4m to €1.1m
- Reserves +€130,036
up €130,036 (+12.5%), from €1.0m to €1.2m
- Other debts +€114,966
up €114,966 (+40.0%), from €287,292 to €402,258
- Provisions -€97,596
down €97,596 (-47.3%), from €206,544 to €108,947
of which Deferred taxes: -€206,544
- Accrued charges and deferred income +€43,067
new in 2025: €43,067
- Provisions -€126,402
down €126,402, from €28,806 to -€97,596
- Gross operating margin -€114,138
down €114,138 (-9.2%), from €1.2m to €1.1m
- Financial income -€35,829
down €35,829 (-46.8%), from €76,577 to €40,748
- Staff costs -€30,024
down €30,024 (-3.7%), from €820,844 to €790,820
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 | €3,113,019 | €2,933,766 | -€179,253 | -5.8% |
| Fixed assets | 21/28 | €139,783 | €126,936 | -€12,846 | -9.2% |
| Intangible fixed assets | 21 | €8,595 | €1,333 | -€7,262 | -84.5% |
| Tangible fixed assets | 22/27 | €131,068 | €125,484 | -€5,585 | -4.3% |
| Plant, machinery and equipment | 23 | €34,127 | €31,390 | -€2,737 | -8.0% |
| Furniture and vehicles | 24 | €89,939 | €93,113 | +€3,174 | +3.5% |
| Other tangible fixed assets | 26 | €7,002 | €980 | -€6,021 | -86.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €2,973,236 | €2,806,830 | -€166,406 | -5.6% |
| Stocks and contracts in progress | 3 | €463,032 | €779,503 | +€316,471 | +68.3% |
| Stocks | 30/36 | €35,750 | €42,250 | +€6,500 | +18.2% |
| Contracts in progress | 37 | €427,282 | €737,253 | +€309,971 | +72.5% |
| Amounts receivable within one year | 40/41 | €1,326,456 | €1,204,683 | -€121,773 | -9.2% |
| Trade receivables | 40 | €951,860 | €1,026,987 | +€75,127 | +7.9% |
| Other amounts receivable | 41 | €374,596 | €177,696 | -€196,900 | -52.6% |
| Current investments | 50/53 | €206,544 | €108,947 | -€97,596 | -47.3% |
| Cash at bank and in hand | 54/58 | €956,210 | €677,363 | -€278,847 | -29.2% |
| Deferred charges and accrued income | 490/1 | €20,995 | €36,333 | +€15,338 | +73.1% |
| Total equity and liabilities | 10/49 | €3,113,019 | €2,933,766 | -€179,253 | -5.8% |
| Equity | 10/15 | €1,084,245 | €1,214,280 | +€130,036 | +12.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,044,245 | €1,174,280 | +€130,036 | +12.5% |
| Distributable reserves | 133 | €1,044,245 | €1,174,280 | +€130,036 | +12.5% |
| Provisions and deferred taxes | 16 | €206,544 | €108,947 | -€97,596 | -47.3% |
| Provisions for liabilities and charges | 160/5 | - | €108,947 | +€108,947 | |
| Environmental obligations | 163 | - | €108,947 | +€108,947 | |
| Deferred taxes | 168 | €206,544 | - | -€206,544 | |
| Amounts payable | 17/49 | €1,822,231 | €1,610,539 | -€211,692 | -11.6% |
| Amounts payable within one year | 42/48 | €1,822,231 | €1,567,471 | -€254,759 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €16,953 | €552 | -€16,401 | -96.7% |
| Trade debts | 44 | €1,436,985 | €1,091,325 | -€345,660 | -24.1% |
| Suppliers | 440/4 | €1,436,985 | €1,091,325 | -€345,660 | -24.1% |
| Taxes, remuneration and social security | 45 | €81,001 | €73,338 | -€7,663 | -9.5% |
| Taxes | 450/3 | €11,680 | €8,106 | -€3,574 | -30.6% |
| Remuneration and social security | 454/9 | €69,321 | €65,231 | -€4,089 | -5.9% |
| Other amounts payable | 47/48 | €287,292 | €402,258 | +€114,966 | +40.0% |
| Accrued charges and deferred income | 492/3 | - | €43,067 | +€43,067 | |
| Non-recurring operating income | 76A | €413 | €165 | -€248 | -60.0% |
| Remuneration, social security and pensions | 62 | €820,844 | €790,820 | -€30,024 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,321 | €67,600 | +€2,278 | +3.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,806 | -€97,596 | -€126,402 | |
| Other operating charges | 640/8 | €1,699 | €836 | -€863 | -50.8% |
| Gross operating margin | 9900 | €1,243,199 | €1,129,062 | -€114,138 | -9.2% |
| Operating profit (loss) | 9901 | €326,529 | €367,402 | +€40,873 | +12.5% |
| Financial income | 75/76B | €76,577 | €40,748 | -€35,829 | -46.8% |
| Recurring financial income | 75 | €76,577 | €40,748 | -€35,829 | -46.8% |
| Financial charges | 65/66B | €13,801 | €12,577 | -€1,224 | -8.9% |
| Recurring financial charges | 65 | €13,801 | €12,577 | -€1,224 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €389,304 | €395,573 | +€6,269 | +1.6% |
| Income taxes | 67/77 | €128,878 | €129,596 | +€718 | +0.6% |
| Profit (loss) for the period | 9904 | €260,426 | €265,977 | +€5,551 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €260,426 | €265,977 | +€5,551 | +2.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.