BKONSTRUCT: 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.
BKONSTRUCT
Largest movements
- Receivables within one year +€196,184
up €196,184 (+190.2%), from €103,158 to €299,343
of which Trade receivables: +€178,064
- Stocks and contracts +€107,854
new in 2025: €107,854
- Cash -€52,127
down €52,127 (-80.7%), from €64,633 to €12,506
mainly Receivables within one year (-€196,184) and Stocks and contracts (-€107,854)
- Tangible fixed assets -€10,953
down €10,953 (-46.8%), from €23,389 to €12,435
of which Furniture and vehicles: -€7,586
- Trade debts +€195,191
up €195,191 (+292.9%), from €66,650 to €261,841
- Profit (loss) carried forward +€50,855
up €50,855 (+46.3%), from €109,809 to €160,664
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Purchases and services -€1.1m
no longer reported in 2025 (was €1.1m)
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 | €194,388 | €432,138 | +€237,750 | +122.3% |
| Fixed assets | 21/28 | €23,389 | €12,435 | -€10,953 | -46.8% |
| Tangible fixed assets | 22/27 | €23,389 | €12,435 | -€10,953 | -46.8% |
| Plant, machinery and equipment | 23 | €11,939 | €8,571 | -€3,367 | -28.2% |
| Furniture and vehicles | 24 | €11,450 | €3,864 | -€7,586 | -66.3% |
| Current assets | 29/58 | €170,999 | €419,702 | +€248,703 | +145.4% |
| Stocks and contracts in progress | 3 | - | €107,854 | +€107,854 | |
| Stocks | 30/36 | - | €107,854 | +€107,854 | |
| Amounts receivable within one year | 40/41 | €103,158 | €299,343 | +€196,184 | +190.2% |
| Trade receivables | 40 | €102,360 | €280,423 | +€178,064 | +174.0% |
| Other amounts receivable | 41 | €799 | €18,919 | +€18,121 | +2269.0% |
| Cash at bank and in hand | 54/58 | €64,633 | €12,506 | -€52,127 | -80.7% |
| Deferred charges and accrued income | 490/1 | €3,207 | - | -€3,207 | |
| Total equity and liabilities | 10/49 | €194,388 | €432,138 | +€237,750 | +122.3% |
| Equity | 10/15 | €111,809 | €162,664 | +€50,855 | +45.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,809 | €160,664 | +€50,855 | +46.3% |
| Amounts payable | 17/49 | €82,579 | €269,474 | +€186,895 | +226.3% |
| Amounts payable within one year | 42/48 | €82,579 | €269,474 | +€186,895 | +226.3% |
| Current portion of amounts payable after more than one year | 42 | €5,836 | €2,066 | -€3,770 | -64.6% |
| Trade debts | 44 | €66,650 | €261,841 | +€195,191 | +292.9% |
| Suppliers | 440/4 | €66,650 | €261,841 | +€195,191 | +292.9% |
| Taxes, remuneration and social security | 45 | €2,978 | €616 | -€2,362 | -79.3% |
| Taxes | 450/3 | - | €88 | +€88 | |
| Remuneration and social security | 454/9 | €2,978 | €528 | -€2,450 | -82.3% |
| Other amounts payable | 47/48 | €7,116 | €4,951 | -€2,165 | -30.4% |
| Turnover | 70 | €1,161,275 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,090,483 | - | -€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,026 | €10,959 | -€1,066 | -8.9% |
| Other operating charges | 640/8 | €1,564 | €5,456 | +€3,891 | +248.7% |
| Gross operating margin | 9900 | €70,792 | €75,517 | +€4,725 | +6.7% |
| Operating profit (loss) | 9901 | €57,202 | €59,102 | +€1,900 | +3.3% |
| Financial income | 75/76B | €152 | €1,558 | +€1,406 | +925.8% |
| Recurring financial income | 75 | €152 | €1,558 | +€1,406 | +925.8% |
| Financial charges | 65/66B | €2,406 | €1,242 | -€1,164 | -48.4% |
| Recurring financial charges | 65 | €106 | €1,242 | +€1,136 | +1072.5% |
| Non-recurring financial charges | 66B | €2,300 | - | -€2,300 | |
| Profit (loss) for the period before taxes | 9903 | €54,948 | €59,418 | +€4,470 | +8.1% |
| Income taxes | 67/77 | €20,000 | €8,563 | -€11,437 | -57.2% |
| Profit (loss) for the period | 9904 | €34,948 | €50,855 | +€15,907 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,948 | €50,855 | +€15,907 | +45.5% |
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 7 October 2026 via checked.be.