BST CONSTRUCTION: what changed
Two fiscal 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 CONSTRUCTION
Largest movements
- Cash -€30,813
down €30,813 (-20.1%), from €153,036 to €122,224
mainly Contributions, distributions and other (-€39,322) and Trade debts (-€38,112)
- Tangible fixed assets -€10,568
down €10,568 (-9.4%), from €112,979 to €102,411
of which Furniture and vehicles: -€13,864
- Receivables within one year +€5,496
up €5,496 (+116.7%), from €4,711 to €10,207
of which Other amounts receivable: +€5,139
- Deferred charges and accrued income +€5,287
up €5,287 (+134.2%), from €3,941 to €9,229
- Trade debts -€38,112
down €38,112 (-98.7%), from €38,630 to €518
- Current portion of long-term debt -€37,403
down €37,403 (-68.5%), from €54,632 to €17,229
- Other debts +€25,272
up €25,272 (+33.9%), from €74,555 to €99,827
- Debts after one year +€20,689
up €20,689 (+160.4%), from €12,901 to €33,590
- Gross operating margin +€64,948
up €64,948 (+87.1%), from €74,544 to €139,492
- Staff costs +€43,108
new in 2025: €43,108
- Depreciation +€8,467
up €8,467 (+29.1%), from €29,119 to €37,585
- Taxes +€4,152
up €4,152 (+69.2%), from €6,000 to €10,151
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 | €274,668 | €244,070 | -€30,598 | -11.1% |
| Fixed assets | 21/28 | €112,979 | €102,411 | -€10,568 | -9.4% |
| Tangible fixed assets | 22/27 | €112,979 | €102,411 | -€10,568 | -9.4% |
| Plant, machinery and equipment | 23 | €57,189 | €60,485 | +€3,296 | +5.8% |
| Furniture and vehicles | 24 | €55,790 | €41,926 | -€13,864 | -24.9% |
| Current assets | 29/58 | €161,689 | €141,659 | -€20,029 | -12.4% |
| Amounts receivable within one year | 40/41 | €4,711 | €10,207 | +€5,496 | +116.7% |
| Trade receivables | 40 | - | €357 | +€357 | |
| Other amounts receivable | 41 | €4,711 | €9,850 | +€5,139 | +109.1% |
| Cash at bank and in hand | 54/58 | €153,036 | €122,224 | -€30,813 | -20.1% |
| Deferred charges and accrued income | 490/1 | €3,941 | €9,229 | +€5,287 | +134.2% |
| Total equity and liabilities | 10/49 | €274,668 | €244,070 | -€30,598 | -11.1% |
| Equity | 10/15 | €76,137 | €76,137 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €73,637 | €73,637 | = | 0.0% |
| Distributable reserves | 133 | €73,637 | €73,637 | = | 0.0% |
| Amounts payable | 17/49 | €198,531 | €167,934 | -€30,598 | -15.4% |
| Amounts payable after more than one year | 17 | €12,901 | €33,590 | +€20,689 | +160.4% |
| Financial debts | 170/4 | €12,901 | €33,590 | +€20,689 | +160.4% |
| Amounts payable within one year | 42/48 | €177,817 | €128,104 | -€49,713 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €54,632 | €17,229 | -€37,403 | -68.5% |
| Trade debts | 44 | €38,630 | €518 | -€38,112 | -98.7% |
| Suppliers | 440/4 | €38,630 | €518 | -€38,112 | -98.7% |
| Taxes, remuneration and social security | 45 | €10,000 | €10,530 | +€530 | +5.3% |
| Taxes | 450/3 | €1,200 | €4,699 | +€3,499 | +291.6% |
| Remuneration and social security | 454/9 | €8,800 | €5,830 | -€2,970 | -33.7% |
| Other amounts payable | 47/48 | €74,555 | €99,827 | +€25,272 | +33.9% |
| Accrued charges and deferred income | 492/3 | €7,814 | €6,240 | -€1,574 | -20.1% |
| Remuneration, social security and pensions | 62 | - | €43,108 | +€43,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,119 | €37,585 | +€8,467 | +29.1% |
| Other operating charges | 640/8 | €2,254 | €1,703 | -€551 | -24.5% |
| Gross operating margin | 9900 | €74,544 | €139,492 | +€64,948 | +87.1% |
| Operating profit (loss) | 9901 | €43,170 | €57,095 | +€13,925 | +32.3% |
| Financial income | 75/76B | €1,301 | €371 | -€930 | -71.5% |
| Recurring financial income | 75 | €1,301 | €371 | -€930 | -71.5% |
| Financial charges | 65/66B | €7,773 | €7,993 | +€220 | +2.8% |
| Recurring financial charges | 65 | €7,773 | €7,993 | +€220 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €36,698 | €49,473 | +€12,775 | +34.8% |
| Income taxes | 67/77 | €6,000 | €10,151 | +€4,152 | +69.2% |
| Profit (loss) for the period | 9904 | €30,698 | €39,322 | +€8,624 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,698 | €39,322 | +€8,624 | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.