Cconstruct: 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.
Cconstruct
Largest movements
- Tangible fixed assets -€168,689
down €168,689 (-17.0%), from €994,472 to €825,783
- Receivables within one year +€21,166
up €21,166 (+15.7%), from €135,027 to €156,193
of which Other amounts receivable: +€35,119
- Debts after one year -€75,445
down €75,445 (-16.1%), from €467,271 to €391,826
- Trade debts -€67,054
down €67,054 (-22.9%), from €292,183 to €225,130
- Other debts -€60,324
down €60,324 (-99.1%), from €60,875 to €551
- Reserves +€39,784
up €39,784 (+14.3%), from €278,699 to €318,483
of which Distributable reserves: +€39,784
- Tax, wage and social debts +€29,759
up €29,759 (+43.4%), from €68,569 to €98,328
of which Taxes: +€32,225
- Gross operating margin -€124,163
down €124,163 (-23.4%), from €530,167 to €406,004
- Depreciation +€38,721
up €38,721 (+27.3%), from €141,834 to €180,556
- Staff costs -€38,373
down €38,373 (-22.8%), from €168,097 to €129,724
- Taxes -€25,342
down €25,342 (-44.4%), from €57,068 to €31,726
- Financial charges -€24,342
down €24,342 (-51.2%), from €47,548 to €23,206
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 | €1,332,681 | €1,182,179 | -€150,502 | -11.3% |
| Fixed assets | 21/28 | €997,472 | €828,783 | -€168,689 | -16.9% |
| Tangible fixed assets | 22/27 | €994,472 | €825,783 | -€168,689 | -17.0% |
| Land and buildings | 22 | €121,736 | €111,573 | -€10,163 | -8.3% |
| Plant, machinery and equipment | 23 | €256,873 | €186,339 | -€70,534 | -27.5% |
| Furniture and vehicles | 24 | €333,154 | €255,242 | -€77,912 | -23.4% |
| Leasing and similar rights | 25 | €282,709 | €272,629 | -€10,080 | -3.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €335,209 | €353,396 | +€18,186 | +5.4% |
| Stocks and contracts in progress | 3 | €9,004 | €9,004 | = | 0.0% |
| Stocks | 30/36 | €9,004 | €9,004 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,027 | €156,193 | +€21,166 | +15.7% |
| Trade receivables | 40 | €39,800 | €25,847 | -€13,953 | -35.1% |
| Other amounts receivable | 41 | €95,227 | €130,346 | +€35,119 | +36.9% |
| Cash at bank and in hand | 54/58 | €180,424 | €182,521 | +€2,097 | +1.2% |
| Deferred charges and accrued income | 490/1 | €10,755 | €5,677 | -€5,077 | -47.2% |
| Total equity and liabilities | 10/49 | €1,332,681 | €1,182,179 | -€150,502 | -11.3% |
| Equity | 10/15 | €297,047 | €336,831 | +€39,784 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,699 | €318,483 | +€39,784 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €263,839 | €303,623 | +€39,784 | +15.1% |
| Profit (loss) carried forward | 14 | -€252 | -€252 | = | 0.0% |
| Amounts payable | 17/49 | €1,035,634 | €845,348 | -€190,286 | -18.4% |
| Amounts payable after more than one year | 17 | €467,271 | €391,826 | -€75,445 | -16.1% |
| Financial debts | 170/4 | €467,271 | €391,826 | -€75,445 | -16.1% |
| Amounts payable within one year | 42/48 | €546,053 | €447,069 | -€98,984 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €117,430 | €116,064 | -€1,365 | -1.2% |
| Trade debts | 44 | €292,183 | €225,130 | -€67,054 | -22.9% |
| Suppliers | 440/4 | €292,183 | €225,130 | -€67,054 | -22.9% |
| Advances received on contracts in progress | 46 | €6,996 | €6,996 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €68,569 | €98,328 | +€29,759 | +43.4% |
| Taxes | 450/3 | €58,206 | €90,431 | +€32,225 | +55.4% |
| Remuneration and social security | 454/9 | €10,363 | €7,897 | -€2,466 | -23.8% |
| Other amounts payable | 47/48 | €60,875 | €551 | -€60,324 | -99.1% |
| Accrued charges and deferred income | 492/3 | €22,310 | €6,452 | -€15,857 | -71.1% |
| Remuneration, social security and pensions | 62 | €168,097 | €129,724 | -€38,373 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,834 | €180,556 | +€38,721 | +27.3% |
| Other operating charges | 640/8 | €9,910 | €10,594 | +€684 | +6.9% |
| Gross operating margin | 9900 | €530,167 | €406,004 | -€124,163 | -23.4% |
| Operating profit (loss) | 9901 | €210,325 | €85,131 | -€125,195 | -59.5% |
| Financial income | 75/76B | €7,717 | €9,586 | +€1,869 | +24.2% |
| Recurring financial income | 75 | €7,717 | €9,586 | +€1,869 | +24.2% |
| Financial charges | 65/66B | €47,548 | €23,206 | -€24,342 | -51.2% |
| Recurring financial charges | 65 | €47,548 | €23,206 | -€24,342 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €170,494 | €71,510 | -€98,984 | -58.1% |
| Income taxes | 67/77 | €57,068 | €31,726 | -€25,342 | -44.4% |
| Profit (loss) for the period | 9904 | €113,426 | €39,784 | -€73,642 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,426 | €39,784 | -€73,642 | -64.9% |
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 7 October 2026 via checked.be.