BELGIUM EXPERT 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.
BELGIUM EXPERT CONSTRUCT
Largest movements
- Receivables within one year -€496
down €496 (-3.1%), from €16,003 to €15,507
of which Other amounts receivable: -€551
- Cash +€290
up €290 (+32.9%), from €883 to €1,173
mainly Receivables within one year (+€496) and Net result for the year (+€464)
- Trade debts -€787
no longer reported in 2025 (was €787)
- Profit (loss) carried forward +€464
up €464 (+24.1%), from €1,930 to €2,394
- Turnover -€2,311
no longer reported in 2025 (was €2,311)
- Purchases and services -€1,492
no longer reported in 2025 (was €1,492)
- Gross operating margin +€286
up €286 (+34.9%), from €820 to €1,106
- Taxes +€267
up €267, from -€151 to €116
- Financial charges +€74
up €74 (+165.1%), from €45 to €119
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 | €16,886 | €16,679 | -€206 | -1.2% |
| Current assets | 29/58 | €16,886 | €16,679 | -€206 | -1.2% |
| Amounts receivable within one year | 40/41 | €16,003 | €15,507 | -€496 | -3.1% |
| Trade receivables | 40 | €15,252 | €15,307 | +€55 | +0.4% |
| Other amounts receivable | 41 | €751 | €200 | -€551 | -73.4% |
| Cash at bank and in hand | 54/58 | €883 | €1,173 | +€290 | +32.9% |
| Total equity and liabilities | 10/49 | €16,886 | €16,679 | -€206 | -1.2% |
| Equity | 10/15 | €13,930 | €14,394 | +€464 | +3.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,930 | €2,394 | +€464 | +24.1% |
| Amounts payable | 17/49 | €2,956 | €2,285 | -€671 | -22.7% |
| Amounts payable within one year | 42/48 | €2,956 | €2,285 | -€671 | -22.7% |
| Trade debts | 44 | €787 | - | -€787 | |
| Suppliers | 440/4 | €787 | - | -€787 | |
| Taxes, remuneration and social security | 45 | - | €116 | +€116 | |
| Taxes | 450/3 | - | €116 | +€116 | |
| Other amounts payable | 47/48 | €2,169 | €2,169 | = | 0.0% |
| Turnover | 70 | €2,311 | - | -€2,311 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,492 | - | -€1,492 | |
| Other operating charges | 640/8 | €393 | €407 | +€13 | +3.4% |
| Gross operating margin | 9900 | €820 | €1,106 | +€286 | +34.9% |
| Operating profit (loss) | 9901 | €426 | €700 | +€273 | +64.0% |
| Financial charges | 65/66B | €45 | €119 | +€74 | +165.1% |
| Recurring financial charges | 65 | €45 | €119 | +€74 | +165.1% |
| Profit (loss) for the period before taxes | 9903 | €381 | €580 | +€199 | +52.1% |
| Income taxes | 67/77 | -€151 | €116 | +€267 | |
| Profit (loss) for the period | 9904 | €532 | €464 | -€68 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €532 | €464 | -€68 | -12.8% |
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 8 October 2026 via checked.be.