BUILDING CONSTRUCTION MANAGEMENT: 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.
BUILDING CONSTRUCTION MANAGEMENT
Largest movements
- Cash +€50,201
up €50,201 (+174%), from €28,893 to €79,094
mainly Net result for the year (+€79,579) and Depreciation (+€23,795)
- Tangible fixed assets -€26,428
down €26,428 (-3.8%), from €695,433 to €669,006
- Current investments +€25,656
up €25,656 (+11.4%), from €225,000 to €250,656
- Reserves +€79,579
up €79,579 (+11.7%), from €679,801 to €759,379
- Debts after one year -€27,258
down €27,258 (-9.1%), from €301,108 to €273,850
of which Financial debts: -€27,258
- Other debts -€19,368
down €19,368 (-19.9%), from €97,479 to €78,111
- Gross operating margin +€33,893
up €33,893 (+29.9%), from €113,238 to €147,131
- Taxes +€10,235
up €10,235 (+46.7%), from €21,930 to €32,166
- Depreciation -€7,072
down €7,072 (-22.9%), from €30,866 to €23,795
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 | €1,328,279 | €1,382,970 | +€54,691 | +4.1% |
| Fixed assets | 21/28 | €695,433 | €669,006 | -€26,428 | -3.8% |
| Tangible fixed assets | 22/27 | €695,433 | €669,006 | -€26,428 | -3.8% |
| Land and buildings | 22 | €681,803 | €669,006 | -€12,798 | -1.9% |
| Plant, machinery and equipment | 23 | €10,632 | €0 | -€10,632 | -100% |
| Furniture and vehicles | 24 | €2,998 | €0 | -€2,998 | -100% |
| Current assets | 29/58 | €632,845 | €713,964 | +€81,119 | +12.8% |
| Amounts receivable after more than one year | 29 | €72,577 | €62,640 | -€9,937 | -13.7% |
| Other amounts receivable | 291 | €72,577 | €62,640 | -€9,937 | -13.7% |
| Amounts receivable within one year | 40/41 | €305,604 | €319,186 | +€13,582 | +4.4% |
| Trade receivables | 40 | €15,337 | €30,186 | +€14,849 | +96.8% |
| Other amounts receivable | 41 | €290,267 | €289,000 | -€1,267 | -0.4% |
| Current investments | 50/53 | €225,000 | €250,656 | +€25,656 | +11.4% |
| Cash at bank and in hand | 54/58 | €28,893 | €79,094 | +€50,201 | +174% |
| Deferred charges and accrued income | 490/1 | €772 | €2,389 | +€1,618 | +210% |
| Total equity and liabilities | 10/49 | €1,328,279 | €1,382,970 | +€54,691 | +4.1% |
| Equity | 10/15 | €884,901 | €964,479 | +€79,579 | +9.0% |
| Contributions | 10/11 | €205,100 | €205,100 | = | 0.0% |
| Reserves | 13 | €679,801 | €759,379 | +€79,579 | +11.7% |
| Distributable reserves | 133 | €679,801 | €759,379 | +€79,579 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €443,378 | €418,491 | -€24,887 | -5.6% |
| Amounts payable after more than one year | 17 | €301,108 | €273,850 | -€27,258 | -9.1% |
| Financial debts | 170/4 | €301,108 | €273,850 | -€27,258 | -9.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €140,379 | €140,966 | +€588 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €25,444 | €26,545 | +€1,100 | +4.3% |
| Trade debts | 44 | €1,230 | €12,930 | +€11,699 | +951% |
| Suppliers | 440/4 | €1,230 | €12,930 | +€11,699 | +951% |
| Taxes, remuneration and social security | 45 | €16,226 | €23,382 | +€7,156 | +44.1% |
| Taxes | 450/3 | €16,226 | €23,382 | +€7,156 | +44.1% |
| Other amounts payable | 47/48 | €97,479 | €78,111 | -€19,368 | -19.9% |
| Accrued charges and deferred income | 492/3 | €1,892 | €3,675 | +€1,783 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,866 | €23,795 | -€7,072 | -22.9% |
| Other operating charges | 640/8 | €3,975 | €5,243 | +€1,269 | +31.9% |
| Gross operating margin | 9900 | €113,238 | €147,131 | +€33,893 | +29.9% |
| Operating profit (loss) | 9901 | €78,397 | €118,092 | +€39,696 | +50.6% |
| Financial income | 75/76B | €7,429 | €7,421 | -€8 | -0.1% |
| Recurring financial income | 75 | €7,429 | €7,421 | -€8 | -0.1% |
| Financial charges | 65/66B | €13,502 | €13,770 | +€267 | +2.0% |
| Recurring financial charges | 65 | €13,502 | €13,770 | +€267 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €72,323 | €111,744 | +€39,421 | +54.5% |
| Income taxes | 67/77 | €21,930 | €32,166 | +€10,235 | +46.7% |
| Profit (loss) for the period | 9904 | €50,393 | €79,579 | +€29,185 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,393 | €79,579 | +€29,185 | +57.9% |
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 22 October 2026 via checked.be.