BS CONSTRUCTION: 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.
BS CONSTRUCTION
Largest movements
- Cash +€315,425
up €315,425 (+434%), from €72,607 to €388,032
mainly Debts after one year (+€279,376) and Stocks and contracts (+€186,245)
- Tangible fixed assets +€314,239
up €314,239 (+97.8%), from €321,455 to €635,694
of which Leasing and similar rights: +€370,729
- Stocks and contracts -€186,245
down €186,245 (-44.9%), from €414,922 to €228,677
- Debts after one year +€279,376
up €279,376 (+299%), from €93,573 to €372,949
- Other debts +€124,738
up €124,738 (+241%), from €51,813 to €176,551
- Current portion of long-term debt +€69,855
up €69,855 (+117%), from €59,608 to €129,464
- Trade debts -€64,762
down €64,762 (-55.4%), from €116,888 to €52,126
- Tax, wage and social debts +€55,183
up €55,183 (+303%), from €18,216 to €73,399
of which Taxes: +€61,979
- Gross operating margin +€280,155
up €280,155 (+68.6%), from €408,231 to €688,386
- Staff costs +€70,406
up €70,406 (+30.0%), from €234,466 to €304,872
- Depreciation +€64,277
up €64,277 (+75.8%), from €84,834 to €149,111
- Taxes +€35,986
up €35,986 (+150%), from €23,995 to €59,982
- Financial charges +€8,703
up €8,703 (+69.4%), from €12,540 to €21,243
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 | €837,359 | €1,275,821 | +€438,461 | +52.4% |
| Fixed assets | 21/28 | €321,664 | €635,903 | +€314,239 | +97.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €321,455 | €635,694 | +€314,239 | +97.8% |
| Land and buildings | 22 | €129,975 | €138,015 | +€8,040 | +6.2% |
| Plant, machinery and equipment | 23 | €51,435 | €26,050 | -€25,385 | -49.4% |
| Furniture and vehicles | 24 | €45,509 | €6,365 | -€39,145 | -86.0% |
| Leasing and similar rights | 25 | €94,535 | €465,264 | +€370,729 | +392% |
| Financial fixed assets | 28 | €209 | €209 | = | 0.0% |
| Current assets | 29/58 | €515,696 | €639,917 | +€124,222 | +24.1% |
| Stocks and contracts in progress | 3 | €414,922 | €228,677 | -€186,245 | -44.9% |
| Stocks | 30/36 | €414,922 | €228,677 | -€186,245 | -44.9% |
| Amounts receivable within one year | 40/41 | €26,751 | €19,621 | -€7,130 | -26.7% |
| Trade receivables | 40 | €5,717 | €8,714 | +€2,997 | +52.4% |
| Other amounts receivable | 41 | €21,033 | €10,907 | -€10,127 | -48.1% |
| Cash at bank and in hand | 54/58 | €72,607 | €388,032 | +€315,425 | +434% |
| Deferred charges and accrued income | 490/1 | €1,416 | €3,587 | +€2,171 | +153% |
| Total equity and liabilities | 10/49 | €837,359 | €1,275,821 | +€438,461 | +52.4% |
| Equity | 10/15 | €497,260 | €471,332 | -€25,929 | -5.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €308,377 | €284,157 | -€24,220 | -7.9% |
| Tax-exempt reserves | 132 | €4,840 | €4,840 | = | 0.0% |
| Distributable reserves | 133 | €303,537 | €279,317 | -€24,220 | -8.0% |
| Profit (loss) carried forward | 14 | €169,089 | €169,089 | = | 0.0% |
| Investment grants | 15 | €18,795 | €17,086 | -€1,709 | -9.1% |
| Amounts payable | 17/49 | €340,099 | €804,489 | +€464,390 | +137% |
| Amounts payable after more than one year | 17 | €93,573 | €372,949 | +€279,376 | +299% |
| Financial debts | 170/4 | €93,573 | €372,949 | +€279,376 | +299% |
| Amounts payable within one year | 42/48 | €246,526 | €431,540 | +€185,013 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €59,608 | €129,464 | +€69,855 | +117% |
| Trade debts | 44 | €116,888 | €52,126 | -€64,762 | -55.4% |
| Suppliers | 440/4 | €116,888 | €52,126 | -€64,762 | -55.4% |
| Taxes, remuneration and social security | 45 | €18,216 | €73,399 | +€55,183 | +303% |
| Taxes | 450/3 | €11,420 | €73,399 | +€61,979 | +543% |
| Remuneration and social security | 454/9 | €6,796 | - | -€6,796 | |
| Other amounts payable | 47/48 | €51,813 | €176,551 | +€124,738 | +241% |
| Remuneration, social security and pensions | 62 | €234,466 | €304,872 | +€70,406 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,834 | €149,111 | +€64,277 | +75.8% |
| Other operating charges | 640/8 | €569 | €769 | +€200 | +35.2% |
| Gross operating margin | 9900 | €408,231 | €688,386 | +€280,155 | +68.6% |
| Operating profit (loss) | 9901 | €88,363 | €233,634 | +€145,271 | +164% |
| Financial income | 75/76B | €10,516 | €11,112 | +€596 | +5.7% |
| Recurring financial income | 75 | €8,270 | €11,112 | +€2,843 | +34.4% |
| Non-recurring financial income | 76B | €2,247 | €0 | -€2,247 | -100% |
| Financial charges | 65/66B | €12,540 | €21,243 | +€8,703 | +69.4% |
| Recurring financial charges | 65 | €12,540 | €21,243 | +€8,703 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €86,340 | €223,504 | +€137,164 | +159% |
| Income taxes | 67/77 | €23,995 | €59,982 | +€35,986 | +150% |
| Profit (loss) for the period | 9904 | €62,344 | €163,522 | +€101,178 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €62,344 | €163,522 | +€101,178 | +162% |
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 25 October 2026 via checked.be.