BIRS 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.
BIRS CONSTRUCT
Largest movements
- Tangible fixed assets -€23,569
down €23,569 (-37.7%), from €62,575 to €39,006
of which Leasing and similar rights: -€23,765
- Cash -€10,613
down €10,613 (-20.4%), from €52,007 to €41,394
mainly Debts after one year (-€15,579) and Trade debts (-€11,393)
- Deferred charges and accrued income +€8,682
up €8,682 (+822.5%), from €1,056 to €9,737
- Receivables within one year +€6,252
up €6,252 (+41.3%), from €15,154 to €21,407
of which Trade receivables: +€5,838
- Profit (loss) carried forward +€27,526
up €27,526, from -€1,365 to €26,161
- Debts after one year -€15,579
down €15,579 (-45.7%), from €34,055 to €18,475
- Trade debts -€11,393
down €11,393 (-54.9%), from €20,756 to €9,363
- Tax, wage and social debts -€11,031
down €11,031 (-81.0%), from €13,623 to €2,592
of which Taxes: -€8,581
- Other debts -€6,757
down €6,757 (-100.0%), from €6,757 to €0
- Staff costs +€34,376
new in 2025: €34,376
- Gross operating margin +€30,176
up €30,176 (+49.1%), from €61,473 to €91,649
- Depreciation -€12,921
down €12,921 (-49.1%), from €26,342 to €13,421
- Other operating charges -€6,434
down €6,434 (-66.1%), from €9,732 to €3,298
- Taxes +€4,187
up €4,187 (+70.3%), from €5,955 to €10,142
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 | €130,792 | €111,754 | -€19,038 | -14.6% |
| Fixed assets | 21/28 | €62,575 | €39,216 | -€23,359 | -37.3% |
| Tangible fixed assets | 22/27 | €62,575 | €39,006 | -€23,569 | -37.7% |
| Furniture and vehicles | 24 | €2,080 | €2,276 | +€196 | +9.4% |
| Leasing and similar rights | 25 | €60,495 | €36,730 | -€23,765 | -39.3% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €68,217 | €72,538 | +€4,320 | +6.3% |
| Amounts receivable within one year | 40/41 | €15,154 | €21,407 | +€6,252 | +41.3% |
| Trade receivables | 40 | €4,589 | €10,426 | +€5,838 | +127.2% |
| Other amounts receivable | 41 | €10,566 | €10,980 | +€414 | +3.9% |
| Cash at bank and in hand | 54/58 | €52,007 | €41,394 | -€10,613 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,056 | €9,737 | +€8,682 | +822.5% |
| Total equity and liabilities | 10/49 | €130,792 | €111,754 | -€19,038 | -14.6% |
| Equity | 10/15 | €46,035 | €73,561 | +€27,526 | +59.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €43,400 | €43,400 | = | 0.0% |
| Distributable reserves | 133 | €43,400 | €43,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,365 | €26,161 | +€27,526 | |
| Amounts payable | 17/49 | €84,758 | €38,193 | -€46,564 | -54.9% |
| Amounts payable after more than one year | 17 | €34,055 | €18,475 | -€15,579 | -45.7% |
| Financial debts | 170/4 | €34,055 | €18,475 | -€15,579 | -45.7% |
| Amounts payable within one year | 42/48 | €48,348 | €19,649 | -€28,699 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €7,211 | €7,694 | +€482 | +6.7% |
| Trade debts | 44 | €20,756 | €9,363 | -€11,393 | -54.9% |
| Suppliers | 440/4 | €20,756 | €9,363 | -€11,393 | -54.9% |
| Taxes, remuneration and social security | 45 | €13,623 | €2,592 | -€11,031 | -81.0% |
| Taxes | 450/3 | €11,173 | €2,592 | -€8,581 | -76.8% |
| Remuneration and social security | 454/9 | €2,450 | €0 | -€2,450 | -100.0% |
| Other amounts payable | 47/48 | €6,757 | €0 | -€6,757 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,355 | €69 | -€2,286 | -97.1% |
| Non-recurring operating income | 76A | - | €3,814 | +€3,814 | |
| Remuneration, social security and pensions | 62 | - | €34,376 | +€34,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,342 | €13,421 | -€12,921 | -49.1% |
| Other operating charges | 640/8 | €9,732 | €3,298 | -€6,434 | -66.1% |
| Non-recurring operating charges | 66A | - | €86 | +€86 | |
| Gross operating margin | 9900 | €61,473 | €91,649 | +€30,176 | +49.1% |
| Operating profit (loss) | 9901 | €25,399 | €40,467 | +€15,068 | +59.3% |
| Financial income | 75/76B | €61 | €9 | -€51 | -84.9% |
| Recurring financial income | 75 | €61 | €9 | -€51 | -84.9% |
| Financial charges | 65/66B | €3,568 | €2,808 | -€760 | -21.3% |
| Recurring financial charges | 65 | €3,568 | €2,808 | -€760 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €21,892 | €37,668 | +€15,777 | +72.1% |
| Income taxes | 67/77 | €5,955 | €10,142 | +€4,187 | +70.3% |
| Profit (loss) for the period | 9904 | €15,937 | €27,526 | +€11,589 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,937 | €27,526 | +€11,589 | +72.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.