Bjorn 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.
Bjorn Construct
Largest movements
- Cash +€48,670
up €48,670 (+14.7%), from €330,259 to €378,929
mainly Net result for the year (+€146,233) and Receivables within one year (+€19,478)
- Receivables within one year -€19,478
down €19,478 (-78.0%), from €24,956 to €5,479
of which Trade receivables: -€13,240
- Tangible fixed assets -€12,768
down €12,768 (-25.5%), from €50,129 to €37,361
of which Furniture and vehicles: -€10,691
- Intangible fixed assets -€5,714
down €5,714 (-36.4%), from €15,714 to €10,000
- Stocks and contracts +€5,568
up €5,568 (+22.6%), from €24,631 to €30,199
- Reserves +€146,233
up €146,233 (+73.2%), from €199,866 to €346,098
- Other debts -€118,287
down €118,287 (-75.4%), from €156,970 to €38,683
- Trade debts -€12,488
down €12,488 (-42.5%), from €29,414 to €16,926
- Gross operating margin +€58,893
up €58,893 (+39.3%), from €149,851 to €208,744
- Taxes +€14,737
up €14,737 (+53.6%), from €27,515 to €42,252
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 | €446,758 | €463,340 | +€16,583 | +3.7% |
| Fixed assets | 21/28 | €65,843 | €47,361 | -€18,482 | -28.1% |
| Intangible fixed assets | 21 | €15,714 | €10,000 | -€5,714 | -36.4% |
| Tangible fixed assets | 22/27 | €50,129 | €37,361 | -€12,768 | -25.5% |
| Land and buildings | 22 | €2,730 | €2,002 | -€728 | -26.7% |
| Plant, machinery and equipment | 23 | €4,261 | €2,912 | -€1,348 | -31.6% |
| Furniture and vehicles | 24 | €43,139 | €32,448 | -€10,691 | -24.8% |
| Current assets | 29/58 | €380,914 | €415,979 | +€35,065 | +9.2% |
| Stocks and contracts in progress | 3 | €24,631 | €30,199 | +€5,568 | +22.6% |
| Stocks | 30/36 | €24,631 | €30,199 | +€5,568 | +22.6% |
| Amounts receivable within one year | 40/41 | €24,956 | €5,479 | -€19,478 | -78.0% |
| Trade receivables | 40 | €15,971 | €2,731 | -€13,240 | -82.9% |
| Other amounts receivable | 41 | €8,985 | €2,748 | -€6,237 | -69.4% |
| Cash at bank and in hand | 54/58 | €330,259 | €378,929 | +€48,670 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,068 | €1,371 | +€304 | +28.4% |
| Total equity and liabilities | 10/49 | €446,758 | €463,340 | +€16,583 | +3.7% |
| Equity | 10/15 | €204,866 | €351,098 | +€146,233 | +71.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €199,866 | €346,098 | +€146,233 | +73.2% |
| Distributable reserves | 133 | €199,866 | €346,098 | +€146,233 | +73.2% |
| Amounts payable | 17/49 | €241,892 | €112,242 | -€129,650 | -53.6% |
| Amounts payable within one year | 42/48 | €241,651 | €111,965 | -€129,685 | -53.7% |
| Trade debts | 44 | €29,414 | €16,926 | -€12,488 | -42.5% |
| Suppliers | 440/4 | €29,414 | €16,926 | -€12,488 | -42.5% |
| Advances received on contracts in progress | 46 | €52,132 | €53,207 | +€1,076 | +2.1% |
| Taxes, remuneration and social security | 45 | €3,135 | €3,149 | +€14 | +0.4% |
| Taxes | 450/3 | €3,135 | €3,149 | +€14 | +0.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €156,970 | €38,683 | -€118,287 | -75.4% |
| Accrued charges and deferred income | 492/3 | €241 | €276 | +€35 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,112 | €19,227 | +€115 | +0.6% |
| Other operating charges | 640/8 | €1,271 | €928 | -€343 | -27.0% |
| Gross operating margin | 9900 | €149,851 | €208,744 | +€58,893 | +39.3% |
| Operating profit (loss) | 9901 | €129,468 | €188,589 | +€59,121 | +45.7% |
| Financial income | 75/76B | €13 | €15 | +€1 | +8.5% |
| Recurring financial income | 75 | €13 | €15 | +€1 | +8.5% |
| Financial charges | 65/66B | €60 | €118 | +€58 | +97.3% |
| Recurring financial charges | 65 | €60 | €118 | +€58 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €129,421 | €188,485 | +€59,064 | +45.6% |
| Income taxes | 67/77 | €27,515 | €42,252 | +€14,737 | +53.6% |
| Profit (loss) for the period | 9904 | €101,906 | €146,233 | +€44,327 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,906 | €146,233 | +€44,327 | +43.5% |
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 4 October 2026 via checked.be.