BST 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.
BST Construct
Largest movements
- Tangible fixed assets -€8,000
down €8,000 (-75.0%), from €10,670 to €2,669
of which Leasing and similar rights: -€5,010
- Receivables within one year +€7,900
up €7,900 (+24.6%), from €32,165 to €40,065
of which Trade receivables: +€4,916
- Stocks and contracts -€1,996
no longer reported in 2025 (was €1,996)
- Reserves +€7,300
up €7,300 (+392.5%), from €1,860 to €9,160
of which Distributable reserves: +€7,300
- Current portion of long-term debt -€5,136
no longer reported in 2025 (was €5,136)
- Advances received -€2,665
no longer reported in 2025 (was €2,665)
- Tax, wage and social debts -€2,020
down €2,020 (-73.5%), from €2,750 to €730
- Short-term financial debts +€692
up €692 (+19.3%), from €3,587 to €4,279
- Gross operating margin -€9,667
down €9,667 (-32.0%), from €30,252 to €20,585
- Depreciation -€2,958
down €2,958 (-23.6%), from €12,524 to €9,566
- Financial charges -€936
down €936 (-61.6%), from €1,521 to €585
- Taxes +€730
new in 2025: €730
- Other operating charges +€405
up €405 (+21.3%), from €1,901 to €2,306
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 | €46,407 | €44,094 | -€2,312 | -5.0% |
| Fixed assets | 21/28 | €10,670 | €2,669 | -€8,000 | -75.0% |
| Tangible fixed assets | 22/27 | €10,670 | €2,669 | -€8,000 | -75.0% |
| Plant, machinery and equipment | 23 | €1,944 | €1,278 | -€667 | -34.3% |
| Furniture and vehicles | 24 | €3,715 | €1,392 | -€2,324 | -62.5% |
| Leasing and similar rights | 25 | €5,010 | - | -€5,010 | |
| Current assets | 29/58 | €35,737 | €41,425 | +€5,688 | +15.9% |
| Stocks and contracts in progress | 3 | €1,996 | - | -€1,996 | |
| Stocks | 30/36 | €1,996 | - | -€1,996 | |
| Amounts receivable within one year | 40/41 | €32,165 | €40,065 | +€7,900 | +24.6% |
| Trade receivables | 40 | €4,665 | €9,581 | +€4,916 | +105.4% |
| Other amounts receivable | 41 | €27,500 | €30,484 | +€2,983 | +10.8% |
| Cash at bank and in hand | 54/58 | €300 | - | -€300 | |
| Deferred charges and accrued income | 490/1 | €1,276 | €1,360 | +€84 | +6.6% |
| Total equity and liabilities | 10/49 | €46,407 | €44,094 | -€2,312 | -5.0% |
| Equity | 10/15 | €29,744 | €37,144 | +€7,400 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,160 | +€7,300 | +392.5% |
| 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 | - | €7,300 | +€7,300 | |
| Profit (loss) carried forward | 14 | €15,484 | €15,584 | +€100 | +0.6% |
| Amounts payable | 17/49 | €16,662 | €6,950 | -€9,712 | -58.3% |
| Amounts payable within one year | 42/48 | €16,662 | €6,950 | -€9,712 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €5,136 | - | -€5,136 | |
| Financial debts | 43 | €3,587 | €4,279 | +€692 | +19.3% |
| Credit institutions | 430/8 | €3,587 | €4,279 | +€692 | +19.3% |
| Trade debts | 44 | €2,525 | €1,941 | -€583 | -23.1% |
| Suppliers | 440/4 | €2,525 | €1,941 | -€583 | -23.1% |
| Advances received on contracts in progress | 46 | €2,665 | - | -€2,665 | |
| Taxes, remuneration and social security | 45 | €2,750 | €730 | -€2,020 | -73.5% |
| Taxes | 450/3 | €2,750 | €730 | -€2,020 | -73.5% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,524 | €9,566 | -€2,958 | -23.6% |
| Other operating charges | 640/8 | €1,901 | €2,306 | +€405 | +21.3% |
| Non-recurring operating charges | 66A | €13,798 | - | -€13,798 | |
| Gross operating margin | 9900 | €30,252 | €20,585 | -€9,667 | -32.0% |
| Operating profit (loss) | 9901 | €2,029 | €8,713 | +€6,684 | +329.4% |
| Financial income | 75/76B | €21 | €1 | -€20 | -95.3% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -95.3% |
| Financial charges | 65/66B | €1,521 | €585 | -€936 | -61.6% |
| Recurring financial charges | 65 | €1,521 | €585 | -€936 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €530 | €8,130 | +€7,600 | +1435.2% |
| Income taxes | 67/77 | - | €730 | +€730 | |
| Profit (loss) for the period | 9904 | €530 | €7,400 | +€6,870 | +1297.3% |
| Profit (loss) for the period to be appropriated | 9905 | €530 | €7,400 | +€6,870 | +1297.3% |
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.