brusselsconstruct: 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.
brusselsconstruct
Largest movements
- Cash +€158,417
up €158,417 (+386%), from €41,018 to €199,435
mainly Debts after one year (+€207,588) and Trade debts (+€89,424)
- Stocks and contracts +€138,994
up €138,994 (+46.1%), from €301,439 to €440,433
- Receivables within one year +€110,246
up €110,246 (+39.6%), from €278,683 to €388,929
of which Trade receivables: +€77,355
- Deferred charges and accrued income -€28,802
down €28,802 (-95.8%), from €30,058 to €1,255
- Debts after one year +€207,588
up €207,588 (+34.6%), from €600,000 to €807,588
- Trade debts +€89,424
up €89,424 (+122%), from €73,024 to €162,448
- Profit (loss) carried forward +€37,308
up €37,308, from -€22,603 to €14,704
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€14,242
new in 2025: €14,242
- Gross operating margin +€162,362
up €162,362, from -€16,261 to €146,101
- Financial charges +€94,733
up €94,733 (+1,692%), from €5,600 to €100,333
- Other operating charges +€3,997
up €3,997 (+811%), from €493 to €4,490
- Taxes +€3,676
new in 2025: €3,676
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 | €652,421 | €1,030,982 | +€378,561 | +58.0% |
| Formation expenses | 20 | €1,224 | €929 | -€294 | -24.1% |
| Current assets | 29/58 | €651,198 | €1,030,053 | +€378,855 | +58.2% |
| Stocks and contracts in progress | 3 | €301,439 | €440,433 | +€138,994 | +46.1% |
| Stocks | 30/36 | €301,439 | €440,433 | +€138,994 | +46.1% |
| Amounts receivable within one year | 40/41 | €278,683 | €388,929 | +€110,246 | +39.6% |
| Trade receivables | 40 | €9,595 | €86,950 | +€77,355 | +806% |
| Other amounts receivable | 41 | €269,089 | €301,979 | +€32,891 | +12.2% |
| Cash at bank and in hand | 54/58 | €41,018 | €199,435 | +€158,417 | +386% |
| Deferred charges and accrued income | 490/1 | €30,058 | €1,255 | -€28,802 | -95.8% |
| Total equity and liabilities | 10/49 | €652,421 | €1,030,982 | +€378,561 | +58.0% |
| Equity | 10/15 | -€20,603 | €16,704 | +€37,308 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,603 | €14,704 | +€37,308 | |
| Amounts payable | 17/49 | €673,024 | €1,014,278 | +€341,253 | +50.7% |
| Amounts payable after more than one year | 17 | €600,000 | €807,588 | +€207,588 | +34.6% |
| Financial debts | 170/4 | €600,000 | €807,588 | +€207,588 | +34.6% |
| Amounts payable within one year | 42/48 | €73,024 | €176,690 | +€103,665 | +142% |
| Trade debts | 44 | €73,024 | €162,448 | +€89,424 | +122% |
| Suppliers | 440/4 | €73,024 | €162,448 | +€89,424 | +122% |
| Taxes, remuneration and social security | 45 | - | €14,242 | +€14,242 | |
| Taxes | 450/3 | - | €14,242 | +€14,242 | |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €294 | +€46 | +18.4% |
| Other operating charges | 640/8 | €493 | €4,490 | +€3,997 | +811% |
| Gross operating margin | 9900 | -€16,261 | €146,101 | +€162,362 | |
| Operating profit (loss) | 9901 | -€17,003 | €141,317 | +€158,320 | |
| Financial charges | 65/66B | €5,600 | €100,333 | +€94,733 | +1,692% |
| Recurring financial charges | 65 | €5,600 | €100,333 | +€94,733 | +1,692% |
| Profit (loss) for the period before taxes | 9903 | -€22,603 | €40,984 | +€63,587 | |
| Income taxes | 67/77 | - | €3,676 | +€3,676 | |
| Profit (loss) for the period | 9904 | -€22,603 | €37,308 | +€59,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,603 | €37,308 | +€59,911 |
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 26 October 2026 via checked.be.