C. CONSTRUX: 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.
C. CONSTRUX
Largest movements
- Receivables within one year -€61,840
down €61,840 (-54.4%), from €113,731 to €51,892
of which Trade receivables: -€48,102
- Stocks and contracts -€29,972
down €29,972 (-85.1%), from €35,205 to €5,233
of which Contracts in progress: -€19,101
- Cash +€7,593
up €7,593 (+22.8%), from €33,300 to €40,892
mainly Receivables within one year (+€61,840) and Stocks and contracts (+€29,972)
- Tangible fixed assets -€6,416
down €6,416 (-33.9%), from €18,927 to €12,511
of which Furniture and vehicles: -€5,977
- Reserves -€49,744
down €49,744 (-36.7%), from €135,702 to €85,958
of which Distributable reserves: -€47,186
- Trade debts -€40,663
down €40,663 (-78.7%), from €51,680 to €11,017
- Gross operating margin -€62,322
down €62,322 (-69.9%), from €89,152 to €26,830
- Taxes -€5,861
down €5,861 (-100.0%), from €5,861 to €0
- Staff costs +€1,300
up €1,300 (+1.9%), from €67,686 to €68,986
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 | €201,415 | €110,528 | -€90,887 | -45.1% |
| Fixed assets | 21/28 | €19,179 | €12,511 | -€6,668 | -34.8% |
| Intangible fixed assets | 21 | €252 | €0 | -€252 | -100.0% |
| Tangible fixed assets | 22/27 | €18,927 | €12,511 | -€6,416 | -33.9% |
| Plant, machinery and equipment | 23 | €618 | €180 | -€438 | -70.9% |
| Furniture and vehicles | 24 | €18,309 | €12,331 | -€5,977 | -32.6% |
| Current assets | 29/58 | €182,236 | €98,017 | -€84,219 | -46.2% |
| Stocks and contracts in progress | 3 | €35,205 | €5,233 | -€29,972 | -85.1% |
| Stocks | 30/36 | €16,104 | €5,233 | -€10,872 | -67.5% |
| Contracts in progress | 37 | €19,101 | €0 | -€19,101 | -100.0% |
| Amounts receivable within one year | 40/41 | €113,731 | €51,892 | -€61,840 | -54.4% |
| Trade receivables | 40 | €96,161 | €48,059 | -€48,102 | -50.0% |
| Other amounts receivable | 41 | €17,570 | €3,832 | -€13,738 | -78.2% |
| Cash at bank and in hand | 54/58 | €33,300 | €40,892 | +€7,593 | +22.8% |
| Total equity and liabilities | 10/49 | €201,415 | €110,528 | -€90,887 | -45.1% |
| Equity | 10/15 | €145,746 | €96,002 | -€49,744 | -34.1% |
| Contributions | 10/11 | €10,044 | €10,044 | = | 0.0% |
| Reserves | 13 | €135,702 | €85,958 | -€49,744 | -36.7% |
| Tax-exempt reserves | 132 | €7,835 | €5,277 | -€2,558 | -32.6% |
| Distributable reserves | 133 | €127,867 | €80,681 | -€47,186 | -36.9% |
| Provisions and deferred taxes | 16 | €2,612 | €1,759 | -€853 | -32.6% |
| Deferred taxes | 168 | €2,612 | €1,759 | -€853 | -32.6% |
| Amounts payable | 17/49 | €53,058 | €12,767 | -€40,290 | -75.9% |
| Amounts payable within one year | 42/48 | €53,058 | €12,678 | -€40,380 | -76.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €51,680 | €11,017 | -€40,663 | -78.7% |
| Suppliers | 440/4 | €51,680 | €11,017 | -€40,663 | -78.7% |
| Taxes, remuneration and social security | 45 | €1,069 | €83 | -€986 | -92.3% |
| Taxes | 450/3 | €1,069 | €0 | -€1,069 | -100.0% |
| Remuneration and social security | 454/9 | €0 | €83 | +€83 | |
| Other amounts payable | 47/48 | €308 | €1,578 | +€1,270 | +412.6% |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Remuneration, social security and pensions | 62 | €67,686 | €68,986 | +€1,300 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,796 | €6,668 | -€128 | -1.9% |
| Other operating charges | 640/8 | €1,245 | €1,202 | -€43 | -3.5% |
| Gross operating margin | 9900 | €89,152 | €26,830 | -€62,322 | -69.9% |
| Operating profit (loss) | 9901 | €13,425 | -€50,026 | -€63,451 | |
| Financial income | 75/76B | €151 | €0 | -€151 | -100.0% |
| Recurring financial income | 75 | €151 | €0 | -€151 | -100.0% |
| Financial charges | 65/66B | €261 | €571 | +€310 | +118.5% |
| Recurring financial charges | 65 | €261 | €571 | +€310 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €13,315 | -€50,597 | -€63,911 | |
| Transfer from deferred taxes | 780 | €853 | €853 | = | 0.0% |
| Income taxes | 67/77 | €5,861 | €0 | -€5,861 | -100.0% |
| Profit (loss) for the period | 9904 | €8,306 | -€49,744 | -€58,050 | |
| Transfer from tax-exempt reserves | 789 | €2,558 | €2,558 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,864 | -€47,186 | -€58,050 |
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 12 October 2026 via checked.be.