BUYSE 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.
BUYSE CONSTRUCT
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+376.8%), from €281,616 to €1.3m
of which Trade receivables: +€1.0m
- Cash -€934,287
down €934,287 (-51.6%), from €1.8m to €876,507
mainly Receivables within one year (-€1.1m) and Contributions, distributions and other (-€880,000)
- Stocks and contracts +€144,449
up €144,449 (+1843.6%), from €7,835 to €152,285
of which Contracts in progress: +€146,109
- Tangible fixed assets +€115,734
up €115,734 (+72.3%), from €160,002 to €275,736
of which Plant, machinery and equipment: +€69,499
- Current investments -€104,444
down €104,444 (-10.4%), from €1.0m to €900,309
- Other debts +€439,258
up €439,258 (+99.6%), from €441,129 to €880,387
- Advances received -€432,231
down €432,231 (-48.4%), from €893,768 to €461,537
- Trade debts +€304,520
up €304,520 (+108.3%), from €281,109 to €585,628
- Gross operating margin +€139,405
up €139,405 (+11.7%), from €1.2m to €1.3m
- Staff costs +€77,900
up €77,900 (+28.3%), from €275,165 to €353,064
- Financial income +€51,472
up €51,472 (+74.8%), from €68,774 to €120,246
- Depreciation +€14,647
up €14,647 (+30.9%), from €47,440 to €62,087
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,270,591 | €3,558,559 | +€287,968 | +8.8% |
| Fixed assets | 21/28 | €160,002 | €275,736 | +€115,734 | +72.3% |
| Tangible fixed assets | 22/27 | €160,002 | €275,736 | +€115,734 | +72.3% |
| Plant, machinery and equipment | 23 | €28,566 | €98,066 | +€69,499 | +243.3% |
| Furniture and vehicles | 24 | €131,436 | €177,670 | +€46,234 | +35.2% |
| Current assets | 29/58 | €3,110,589 | €3,282,824 | +€172,235 | +5.5% |
| Stocks and contracts in progress | 3 | €7,835 | €152,285 | +€144,449 | +1843.6% |
| Stocks | 30/36 | €7,835 | €6,176 | -€1,659 | -21.2% |
| Contracts in progress | 37 | - | €146,109 | +€146,109 | |
| Amounts receivable within one year | 40/41 | €281,616 | €1,342,778 | +€1.1m | +376.8% |
| Trade receivables | 40 | €143,070 | €1,151,610 | +€1.0m | +704.9% |
| Other amounts receivable | 41 | €138,546 | €191,168 | +€52,623 | +38.0% |
| Current investments | 50/53 | €1,004,753 | €900,309 | -€104,444 | -10.4% |
| Cash at bank and in hand | 54/58 | €1,810,794 | €876,507 | -€934,287 | -51.6% |
| Deferred charges and accrued income | 490/1 | €5,591 | €10,945 | +€5,354 | +95.7% |
| Total equity and liabilities | 10/49 | €3,270,591 | €3,558,559 | +€287,968 | +8.8% |
| Equity | 10/15 | €1,621,476 | €1,590,249 | -€31,227 | -1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,553,276 | €1,522,049 | -€31,227 | -2.0% |
| Amounts payable | 17/49 | €1,649,115 | €1,968,311 | +€319,195 | +19.4% |
| Amounts payable within one year | 42/48 | €1,649,115 | €1,968,311 | +€319,195 | +19.4% |
| Trade debts | 44 | €281,109 | €585,628 | +€304,520 | +108.3% |
| Suppliers | 440/4 | €281,109 | €585,628 | +€304,520 | +108.3% |
| Advances received on contracts in progress | 46 | €893,768 | €461,537 | -€432,231 | -48.4% |
| Taxes, remuneration and social security | 45 | €33,110 | €40,759 | +€7,649 | +23.1% |
| Taxes | 450/3 | €5,178 | €2,131 | -€3,047 | -58.8% |
| Remuneration and social security | 454/9 | €27,932 | €38,628 | +€10,696 | +38.3% |
| Other amounts payable | 47/48 | €441,129 | €880,387 | +€439,258 | +99.6% |
| Non-recurring operating income | 76A | €29,000 | €0 | -€29,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €275,165 | €353,064 | +€77,900 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,440 | €62,087 | +€14,647 | +30.9% |
| Other operating charges | 640/8 | €6,711 | €5,231 | -€1,480 | -22.1% |
| Gross operating margin | 9900 | €1,194,733 | €1,334,138 | +€139,405 | +11.7% |
| Operating profit (loss) | 9901 | €865,417 | €913,756 | +€48,339 | +5.6% |
| Financial income | 75/76B | €68,774 | €120,246 | +€51,472 | +74.8% |
| Recurring financial income | 75 | €68,774 | €120,246 | +€51,472 | +74.8% |
| Financial charges | 65/66B | €28,801 | €26,306 | -€2,495 | -8.7% |
| Recurring financial charges | 65 | €28,801 | €26,306 | -€2,495 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €905,391 | €1,007,697 | +€102,306 | +11.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €148,398 | €158,924 | +€10,526 | +7.1% |
| Profit (loss) for the period | 9904 | €756,993 | €848,773 | +€91,780 | +12.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €756,993 | €848,773 | +€91,780 | +12.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.