C.B.D.A. 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.
C.B.D.A. Construct
Largest movements
- Tangible fixed assets +€93,832
up €93,832 (+124.8%), from €75,167 to €168,999
- Receivables within one year +€66,219
up €66,219 (+67.1%), from €98,614 to €164,833
of which Other amounts receivable: +€74,537
- Cash +€45,009
up €45,009 (+108.7%), from €41,402 to €86,410
mainly Net result for the year (+€145,330) and Other debts (+€118,889)
- Receivables after one year +€33,487
up €33,487 (+102.0%), from €32,823 to €66,310
- Other debts +€118,889
up €118,889 (+10702.7%), from €1,111 to €120,000
- Tax, wage and social debts +€38,078
up €38,078 (+94.4%), from €40,351 to €78,428
- Debts after one year +€27,357
up €27,357 (+365.7%), from €7,480 to €34,837
- Reserves +€25,000
up €25,000 (+13.4%), from €186,000 to €211,000
- Trade debts +€23,176
up €23,176 (+414.4%), from €5,593 to €28,768
- Gross operating margin +€36,564
up €36,564 (+19.7%), from €185,264 to €221,828
- Depreciation +€15,844
up €15,844 (+145.7%), from €10,872 to €26,716
- Taxes +€7,773
up €7,773 (+24.8%), from €31,287 to €39,060
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 | €248,048 | €488,322 | +€240,274 | +96.9% |
| Fixed assets | 21/28 | €75,167 | €169,899 | +€94,732 | +126.0% |
| Tangible fixed assets | 22/27 | €75,167 | €168,999 | +€93,832 | +124.8% |
| Land and buildings | 22 | - | €24,758 | +€24,758 | |
| Plant, machinery and equipment | 23 | €48,484 | €62,465 | +€13,981 | +28.8% |
| Furniture and vehicles | 24 | €26,683 | €37,255 | +€10,572 | +39.6% |
| Leasing and similar rights | 25 | - | €44,522 | +€44,522 | |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €172,881 | €318,423 | +€145,542 | +84.2% |
| Amounts receivable after more than one year | 29 | €32,823 | €66,310 | +€33,487 | +102.0% |
| Other amounts receivable | 291 | €32,823 | €66,310 | +€33,487 | +102.0% |
| Amounts receivable within one year | 40/41 | €98,614 | €164,833 | +€66,219 | +67.1% |
| Trade receivables | 40 | €68,660 | €60,342 | -€8,318 | -12.1% |
| Other amounts receivable | 41 | €29,954 | €104,491 | +€74,537 | +248.8% |
| Cash at bank and in hand | 54/58 | €41,402 | €86,410 | +€45,009 | +108.7% |
| Deferred charges and accrued income | 490/1 | €42 | €870 | +€827 | +1952.4% |
| Total equity and liabilities | 10/49 | €248,048 | €488,322 | +€240,274 | +96.9% |
| Equity | 10/15 | €191,794 | €217,123 | +€25,330 | +13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €186,000 | €211,000 | +€25,000 | +13.4% |
| Distributable reserves | 133 | €186,000 | €211,000 | +€25,000 | +13.4% |
| Profit (loss) carried forward | 14 | €794 | €1,123 | +€330 | +41.6% |
| Amounts payable | 17/49 | €56,254 | €271,199 | +€214,945 | +382.1% |
| Amounts payable after more than one year | 17 | €7,480 | €34,837 | +€27,357 | +365.7% |
| Financial debts | 170/4 | €7,480 | €34,837 | +€27,357 | +365.7% |
| Amounts payable within one year | 42/48 | €48,774 | €236,362 | +€187,588 | +384.6% |
| Current portion of amounts payable after more than one year | 42 | €1,719 | €9,165 | +€7,445 | +433.1% |
| Trade debts | 44 | €5,593 | €28,768 | +€23,176 | +414.4% |
| Suppliers | 440/4 | €5,593 | €28,768 | +€23,176 | +414.4% |
| Taxes, remuneration and social security | 45 | €40,351 | €78,428 | +€38,078 | +94.4% |
| Taxes | 450/3 | €40,351 | €78,428 | +€38,078 | +94.4% |
| Other amounts payable | 47/48 | €1,111 | €120,000 | +€118,889 | +10702.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,872 | €26,716 | +€15,844 | +145.7% |
| Other operating charges | 640/8 | €633 | €466 | -€166 | -26.3% |
| Gross operating margin | 9900 | €185,264 | €221,828 | +€36,564 | +19.7% |
| Operating profit (loss) | 9901 | €173,760 | €194,646 | +€20,886 | +12.0% |
| Financial income | 75/76B | €1 | €2 | +€1 | +135.3% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +135.3% |
| Financial charges | 65/66B | €9,259 | €10,258 | +€998 | +10.8% |
| Recurring financial charges | 65 | €9,259 | €10,258 | +€998 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €164,501 | €184,390 | +€19,889 | +12.1% |
| Income taxes | 67/77 | €31,287 | €39,060 | +€7,773 | +24.8% |
| Profit (loss) for the period | 9904 | €133,214 | €145,330 | +€12,116 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,214 | €145,330 | +€12,116 | +9.1% |
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 29 September 2026 via checked.be.