BUL - CONSTRUCT: 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.
BUL - CONSTRUCT
Largest movements
- Stocks and contracts -€180,291
down €180,291 (-100.0%), from €180,291 to €0
- Receivables within one year +€147,986
up €147,986 (+116.6%), from €126,864 to €274,850
of which Other amounts receivable: +€101,124
- Cash +€52,415
up €52,415 (+237.2%), from €22,097 to €74,512
mainly Stocks and contracts (+€180,291) and Other debts (+€48,031)
- Current investments -€10,999
down €10,999 (-62.3%), from €17,666 to €6,667
- Tangible fixed assets +€4,302
up €4,302 (+329.7%), from €1,305 to €5,606
of which Furniture and vehicles: +€4,756
- Other debts +€48,031
up €48,031 (+260611.6%), from €18 to €48,049
- Trade debts -€45,749
down €45,749 (-54.7%), from €83,690 to €37,941
- Reserves +€16,136
up €16,136 (+6.7%), from €240,973 to €257,109
of which Distributable reserves: +€16,136
- Gross operating margin -€26,904
down €26,904 (-30.3%), from €88,896 to €61,992
- Taxes -€8,096
down €8,096 (-30.4%), from €26,616 to €18,520
- Financial charges -€1,340
down €1,340 (-53.2%), from €2,520 to €1,180
- Other operating charges -€981
down €981 (-16.5%), from €5,945 to €4,964
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 | €350,417 | €365,739 | +€15,322 | +4.4% |
| Fixed assets | 21/28 | €1,578 | €5,880 | +€4,302 | +272.5% |
| Tangible fixed assets | 22/27 | €1,305 | €5,606 | +€4,302 | +329.7% |
| Plant, machinery and equipment | 23 | €1,305 | €851 | -€454 | -34.8% |
| Furniture and vehicles | 24 | - | €4,756 | +€4,756 | |
| Financial fixed assets | 28 | €274 | €274 | = | 0.0% |
| Current assets | 29/58 | €348,838 | €359,859 | +€11,020 | +3.2% |
| Stocks and contracts in progress | 3 | €180,291 | €0 | -€180,291 | -100.0% |
| Stocks | 30/36 | €180,291 | €0 | -€180,291 | -100.0% |
| Amounts receivable within one year | 40/41 | €126,864 | €274,850 | +€147,986 | +116.6% |
| Trade receivables | 40 | €11,576 | €58,439 | +€46,862 | +404.8% |
| Other amounts receivable | 41 | €115,287 | €216,411 | +€101,124 | +87.7% |
| Current investments | 50/53 | €17,666 | €6,667 | -€10,999 | -62.3% |
| Cash at bank and in hand | 54/58 | €22,097 | €74,512 | +€52,415 | +237.2% |
| Deferred charges and accrued income | 490/1 | €1,920 | €3,830 | +€1,910 | +99.5% |
| Total equity and liabilities | 10/49 | €350,417 | €365,739 | +€15,322 | +4.4% |
| Equity | 10/15 | €259,973 | €276,109 | +€16,136 | +6.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €240,973 | €257,109 | +€16,136 | +6.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €240,973 | €257,109 | +€16,136 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,444 | €89,630 | -€815 | -0.9% |
| Amounts payable within one year | 42/48 | €90,444 | €89,630 | -€815 | -0.9% |
| Financial debts | 43 | €120 | €120 | = | 0.0% |
| Credit institutions | 430/8 | €120 | €120 | = | 0.0% |
| Trade debts | 44 | €83,690 | €37,941 | -€45,749 | -54.7% |
| Suppliers | 440/4 | €83,690 | €37,941 | -€45,749 | -54.7% |
| Taxes, remuneration and social security | 45 | €6,616 | €3,520 | -€3,096 | -46.8% |
| Taxes | 450/3 | €6,616 | €3,520 | -€3,096 | -46.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18 | €48,049 | +€48,031 | +260611.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454 | €882 | +€428 | +94.3% |
| Other operating charges | 640/8 | €5,945 | €4,964 | -€981 | -16.5% |
| Non-recurring operating charges | 66A | - | €328 | +€328 | |
| Gross operating margin | 9900 | €88,896 | €61,992 | -€26,904 | -30.3% |
| Operating profit (loss) | 9901 | €82,497 | €55,817 | -€26,680 | -32.3% |
| Financial income | 75/76B | €3,079 | €3,072 | -€8 | -0.2% |
| Recurring financial income | 75 | €3,079 | €3,072 | -€8 | -0.2% |
| Financial charges | 65/66B | €2,520 | €1,180 | -€1,340 | -53.2% |
| Recurring financial charges | 65 | €2,520 | €1,180 | -€1,340 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €83,056 | €57,709 | -€25,347 | -30.5% |
| Income taxes | 67/77 | €26,616 | €18,520 | -€8,096 | -30.4% |
| Profit (loss) for the period | 9904 | €56,440 | €39,189 | -€17,251 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,440 | €39,189 | -€17,251 | -30.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.