BO-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.
BO-CONSTRUCT
Largest movements
- Stocks and contracts -€20,329
no longer reported in 2025 (was €20,329)
of which Stocks: -€17,864
- Receivables within one year -€5,058
down €5,058 (-10.3%), from €49,110 to €44,052
of which Other amounts receivable: -€4,189
- Cash +€4,341
up €4,341 (+218.7%), from €1,985 to €6,327
mainly Stocks and contracts (+€20,329) and Net result for the year (+€15,590)
- Financial fixed assets +€4,200
new in 2025: €4,200
- Debts after one year -€30,726
down €30,726 (-73.4%), from €41,855 to €11,129
- Profit (loss) carried forward +€15,590
up €15,590 (+12.8%), from -€121,489 to -€105,899
- Short-term financial debts -€3,000
down €3,000 (-6.8%), from €44,307 to €41,307
- Trade debts +€2,642
up €2,642 (+3.1%), from €85,503 to €88,145
- Tax, wage and social debts -€1,548
down €1,548 (-33.7%), from €4,589 to €3,041
- Gross operating margin +€14,642
up €14,642 (+357.7%), from €4,094 to €18,736
- Financial charges -€733
down €733 (-20.4%), from €3,594 to €2,861
- Financial income -€481
down €481 (-37.1%), from €1,297 to €816
- Other operating charges -€200
down €200 (-17.9%), from €1,116 to €916
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 | €72,283 | €55,114 | -€17,169 | -23.8% |
| Fixed assets | 21/28 | €490 | €4,504 | +€4,014 | +820.0% |
| Tangible fixed assets | 22/27 | €490 | €304 | -€186 | -37.9% |
| Plant, machinery and equipment | 23 | €490 | €304 | -€186 | -37.9% |
| Financial fixed assets | 28 | - | €4,200 | +€4,200 | |
| Current assets | 29/58 | €71,794 | €50,610 | -€21,184 | -29.5% |
| Stocks and contracts in progress | 3 | €20,329 | - | -€20,329 | |
| Stocks | 30/36 | €17,864 | - | -€17,864 | |
| Contracts in progress | 37 | €2,465 | - | -€2,465 | |
| Amounts receivable within one year | 40/41 | €49,110 | €44,052 | -€5,058 | -10.3% |
| Trade receivables | 40 | €31,959 | €31,090 | -€869 | -2.7% |
| Other amounts receivable | 41 | €17,151 | €12,962 | -€4,189 | -24.4% |
| Cash at bank and in hand | 54/58 | €1,985 | €6,327 | +€4,341 | +218.7% |
| Deferred charges and accrued income | 490/1 | €370 | €231 | -€139 | -37.5% |
| Total equity and liabilities | 10/49 | €72,283 | €55,114 | -€17,169 | -23.8% |
| Equity | 10/15 | -€104,957 | -€89,368 | +€15,590 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,132 | €4,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,272 | €2,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,489 | -€105,899 | +€15,590 | +12.8% |
| Amounts payable | 17/49 | €177,240 | €144,481 | -€32,759 | -18.5% |
| Amounts payable after more than one year | 17 | €41,855 | €11,129 | -€30,726 | -73.4% |
| Trade debts | 175 | €41,855 | €11,129 | -€30,726 | -73.4% |
| Amounts payable within one year | 42/48 | €135,385 | €133,352 | -€2,033 | -1.5% |
| Financial debts | 43 | €44,307 | €41,307 | -€3,000 | -6.8% |
| Credit institutions | 430/8 | €44,307 | €41,307 | -€3,000 | -6.8% |
| Trade debts | 44 | €85,503 | €88,145 | +€2,642 | +3.1% |
| Suppliers | 440/4 | €85,503 | €88,145 | +€2,642 | +3.1% |
| Advances received on contracts in progress | 46 | €833 | €833 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,589 | €3,041 | -€1,548 | -33.7% |
| Taxes | 450/3 | €4,589 | €3,041 | -€1,548 | -33.7% |
| Other amounts payable | 47/48 | €153 | €26 | -€127 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | €186 | +€118 | +175.2% |
| Other operating charges | 640/8 | €1,116 | €916 | -€200 | -17.9% |
| Gross operating margin | 9900 | €4,094 | €18,736 | +€14,642 | +357.7% |
| Operating profit (loss) | 9901 | €2,910 | €17,634 | +€14,724 | +506.0% |
| Financial income | 75/76B | €1,297 | €816 | -€481 | -37.1% |
| Recurring financial income | 75 | €1,297 | €816 | -€481 | -37.1% |
| Financial charges | 65/66B | €3,594 | €2,861 | -€733 | -20.4% |
| Recurring financial charges | 65 | €3,594 | €2,861 | -€733 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €613 | €15,590 | +€14,976 | +2441.7% |
| Profit (loss) for the period | 9904 | €613 | €15,590 | +€14,976 | +2441.7% |
| Profit (loss) for the period to be appropriated | 9905 | €613 | €15,590 | +€14,976 | +2441.7% |
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.