BEL-PLACO 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.
BEL-PLACO CONSTRUCT
Largest movements
- Receivables within one year +€9,017
up €9,017 (+6.9%), from €131,137 to €140,153
of which Other amounts receivable: +€20,989
- Cash +€3,272
up €3,272 (+30.7%), from €10,644 to €13,916
mainly Trade debts (+€32,220) and Deferred charges and accrued income (+€1,264)
- Trade debts +€32,220
up €32,220 (+145.5%), from €22,144 to €54,363
- Tax, wage and social debts -€20,219
down €20,219 (-66.9%), from €30,219 to €10,000
of which Taxes: -€18,318
- Gross operating margin -€60,144
down €60,144, from €59,823 to -€321
- Taxes -€30,627
down €30,627 (-98.6%), from €31,068 to €441
- Other operating charges -€29,556
down €29,556 (-93.0%), from €31,785 to €2,229
- Financial income +€977
up €977 (+63.4%), from €1,541 to €2,518
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,272 | €160,182 | +€10,910 | +7.3% |
| Fixed assets | 21/28 | €6,228 | €6,113 | -€115 | -1.8% |
| Tangible fixed assets | 22/27 | €115 | - | -€115 | |
| Plant, machinery and equipment | 23 | €115 | - | -€115 | |
| Financial fixed assets | 28 | €6,113 | €6,113 | = | 0.0% |
| Current assets | 29/58 | €143,045 | €154,069 | +€11,025 | +7.7% |
| Amounts receivable within one year | 40/41 | €131,137 | €140,153 | +€9,017 | +6.9% |
| Trade receivables | 40 | €89,687 | €77,715 | -€11,972 | -13.3% |
| Other amounts receivable | 41 | €41,450 | €62,438 | +€20,989 | +50.6% |
| Cash at bank and in hand | 54/58 | €10,644 | €13,916 | +€3,272 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,264 | - | -€1,264 | |
| Total equity and liabilities | 10/49 | €149,272 | €160,182 | +€10,910 | +7.3% |
| Equity | 10/15 | €96,910 | €95,819 | -€1,091 | -1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,910 | €93,819 | -€1,091 | -1.1% |
| Amounts payable | 17/49 | €52,363 | €64,364 | +€12,001 | +22.9% |
| Amounts payable within one year | 42/48 | €52,363 | €64,364 | +€12,001 | +22.9% |
| Trade debts | 44 | €22,144 | €54,363 | +€32,220 | +145.5% |
| Suppliers | 440/4 | €22,144 | €54,363 | +€32,220 | +145.5% |
| Taxes, remuneration and social security | 45 | €30,219 | €10,000 | -€20,219 | -66.9% |
| Taxes | 450/3 | €18,759 | €441 | -€18,318 | -97.6% |
| Remuneration and social security | 454/9 | €11,461 | €9,560 | -€1,901 | -16.6% |
| Non-recurring operating income | 76A | €3,171 | €1,347 | -€1,824 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €115 | -€152 | -57.0% |
| Other operating charges | 640/8 | €31,785 | €2,229 | -€29,556 | -93.0% |
| Gross operating margin | 9900 | €59,823 | -€321 | -€60,144 | |
| Operating profit (loss) | 9901 | €27,772 | -€2,664 | -€30,436 | |
| Financial income | 75/76B | €1,541 | €2,518 | +€977 | +63.4% |
| Recurring financial income | 75 | €1,541 | €2,518 | +€977 | +63.4% |
| Financial charges | 65/66B | €519 | €503 | -€15 | -3.0% |
| Recurring financial charges | 65 | €519 | €503 | -€15 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €28,793 | -€650 | -€29,443 | |
| Income taxes | 67/77 | €31,068 | €441 | -€30,627 | -98.6% |
| Profit (loss) for the period | 9904 | -€2,274 | -€1,091 | +€1,184 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,274 | -€1,091 | +€1,184 | +52.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.