BL 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.
BL Construct
Largest movements
- Cash +€9,507
up €9,507 (+18.9%), from €50,267 to €59,774
mainly Trade debts (+€21,918) and Net result for the year (+€9,778)
- Tangible fixed assets +€7,673
up €7,673 (+141%), from €5,456 to €13,129
of which Plant, machinery and equipment: +€5,231
- Receivables within one year -€6,488
down €6,488 (-17.7%), from €36,663 to €30,175
of which Trade receivables: -€12,616
- Deferred charges and accrued income -€4,844
no longer reported in 2025 (was €4,844)
- Trade debts +€21,918
new in 2025: €21,918
- Tax, wage and social debts -€15,349
down €15,349 (-74.6%), from €20,584 to €5,235
- Other debts -€10,500
no longer reported in 2025 (was €10,500)
- Profit (loss) carried forward +€9,778
up €9,778 (+12.9%), from €76,086 to €85,864
- Staff costs +€25,421
up €25,421 (+29.7%), from €85,651 to €111,072
- Taxes -€23,572
down €23,572, from €18,612 to -€4,961
- Gross operating margin +€13,496
up €13,496 (+11.4%), from €118,789 to €132,285
- Other operating charges +€3,554
up €3,554 (+43.6%), from €8,150 to €11,704
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.
Derived cash bridge
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 | €115,230 | €121,078 | +€5,848 | +5.1% |
| Fixed assets | 21/28 | €5,456 | €13,129 | +€7,673 | +141% |
| Tangible fixed assets | 22/27 | €5,456 | €13,129 | +€7,673 | +141% |
| Plant, machinery and equipment | 23 | €879 | €6,110 | +€5,231 | +595% |
| Furniture and vehicles | 24 | €4,577 | €7,018 | +€2,442 | +53.3% |
| Current assets | 29/58 | €109,774 | €107,949 | -€1,825 | -1.7% |
| Stocks and contracts in progress | 3 | €18,000 | €18,000 | = | 0.0% |
| Stocks | 30/36 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,663 | €30,175 | -€6,488 | -17.7% |
| Trade receivables | 40 | €17,973 | €5,356 | -€12,616 | -70.2% |
| Other amounts receivable | 41 | €18,690 | €24,819 | +€6,128 | +32.8% |
| Cash at bank and in hand | 54/58 | €50,267 | €59,774 | +€9,507 | +18.9% |
| Deferred charges and accrued income | 490/1 | €4,844 | - | -€4,844 | |
| Total equity and liabilities | 10/49 | €115,230 | €121,078 | +€5,848 | +5.1% |
| Equity | 10/15 | €84,146 | €93,924 | +€9,778 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,086 | €85,864 | +€9,778 | +12.9% |
| Amounts payable | 17/49 | €31,084 | €27,154 | -€3,930 | -12.6% |
| Amounts payable within one year | 42/48 | €31,084 | €27,154 | -€3,930 | -12.6% |
| Trade debts | 44 | - | €21,918 | +€21,918 | |
| Suppliers | 440/4 | - | €21,918 | +€21,918 | |
| Taxes, remuneration and social security | 45 | €20,584 | €5,235 | -€15,349 | -74.6% |
| Taxes | 450/3 | €20,584 | €5,235 | -€15,349 | -74.6% |
| Other amounts payable | 47/48 | €10,500 | - | -€10,500 | |
| Remuneration, social security and pensions | 62 | €85,651 | €111,072 | +€25,421 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,167 | €2,324 | -€843 | -26.6% |
| Other operating charges | 640/8 | €8,150 | €11,704 | +€3,554 | +43.6% |
| Non-recurring operating charges | 66A | €1,001 | €1,603 | +€602 | +60.1% |
| Gross operating margin | 9900 | €118,789 | €132,285 | +€13,496 | +11.4% |
| Operating profit (loss) | 9901 | €20,820 | €5,582 | -€15,238 | -73.2% |
| Financial income | 75/76B | €1,250 | - | -€1,250 | |
| Recurring financial income | 75 | €1,250 | - | -€1,250 | |
| Financial charges | 65/66B | €245 | €765 | +€520 | +212% |
| Recurring financial charges | 65 | €245 | €765 | +€520 | +212% |
| Profit (loss) for the period before taxes | 9903 | €21,824 | €4,817 | -€17,007 | -77.9% |
| Income taxes | 67/77 | €18,612 | -€4,961 | -€23,572 | |
| Profit (loss) for the period | 9904 | €3,213 | €9,778 | +€6,565 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €3,213 | €9,778 | +€6,565 | +204% |
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 20 October 2026 via checked.be.