CEE-CONSTRUCTION: 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.
CEE-CONSTRUCTION
Largest movements
- Receivables within one year +€643,658
up €643,658 (+243.3%), from €264,524 to €908,182
of which Trade receivables: +€867,357
- Deferred charges and accrued income -€274,626
down €274,626 (-91.2%), from €301,202 to €26,576
- Cash -€187,123
down €187,123 (-59.5%), from €314,662 to €127,539
mainly Receivables within one year (-€643,658) and Investment in fixed assets (net) (-€329,139)
- Debts after one year +€296,418
up €296,418 (+11.9%), from €2.5m to €2.8m
- Other debts +€254,853
up €254,853 (+5201.1%), from €4,900 to €259,753
- Short-term financial debts -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Accrued charges and deferred income -€232,885
down €232,885 (-98.1%), from €237,421 to €4,536
- Current portion of long-term debt +€190,758
up €190,758 (+71.9%), from €265,227 to €455,986
- Gross operating margin +€358,777
up €358,777 (+42.8%), from €838,642 to €1.2m
- Staff costs +€222,996
up €222,996 (+46.5%), from €479,288 to €702,284
- Depreciation +€41,841
up €41,841 (+13.3%), from €315,486 to €357,327
- Financial charges +€22,081
up €22,081 (+25.7%), from €85,937 to €108,018
- Other operating charges +€12,963
up €12,963 (+385.2%), from €3,365 to €16,328
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 | €4,713,653 | €4,912,131 | +€198,478 | +4.2% |
| Fixed assets | 21/28 | €3,490,089 | €3,461,901 | -€28,188 | -0.8% |
| Intangible fixed assets | 21 | €10,173 | €6,558 | -€3,615 | -35.5% |
| Tangible fixed assets | 22/27 | €3,474,986 | €3,454,723 | -€20,263 | -0.6% |
| Land and buildings | 22 | €2,690,487 | €2,818,208 | +€127,722 | +4.7% |
| Plant, machinery and equipment | 23 | €218,743 | €175,123 | -€43,620 | -19.9% |
| Furniture and vehicles | 24 | €105,593 | €61,990 | -€43,603 | -41.3% |
| Leasing and similar rights | 25 | €460,164 | €399,402 | -€60,762 | -13.2% |
| Financial fixed assets | 28 | €4,930 | €620 | -€4,310 | -87.4% |
| Current assets | 29/58 | €1,223,564 | €1,450,230 | +€226,666 | +18.5% |
| Stocks and contracts in progress | 3 | €343,176 | €387,933 | +€44,758 | +13.0% |
| Stocks | 30/36 | €343,176 | €387,933 | +€44,758 | +13.0% |
| Amounts receivable within one year | 40/41 | €264,524 | €908,182 | +€643,658 | +243.3% |
| Trade receivables | 40 | €26,235 | €893,592 | +€867,357 | +3306.1% |
| Other amounts receivable | 41 | €238,289 | €14,590 | -€223,700 | -93.9% |
| Cash at bank and in hand | 54/58 | €314,662 | €127,539 | -€187,123 | -59.5% |
| Deferred charges and accrued income | 490/1 | €301,202 | €26,576 | -€274,626 | -91.2% |
| Total equity and liabilities | 10/49 | €4,713,653 | €4,912,131 | +€198,478 | +4.2% |
| Equity | 10/15 | €816,440 | €828,746 | +€12,306 | +1.5% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €747,840 | €760,146 | +€12,306 | +1.6% |
| Distributable reserves | 133 | €747,840 | €760,146 | +€12,306 | +1.6% |
| Amounts payable | 17/49 | €3,897,212 | €4,083,385 | +€186,172 | +4.8% |
| Amounts payable after more than one year | 17 | €2,488,248 | €2,784,665 | +€296,418 | +11.9% |
| Financial debts | 170/4 | €2,488,248 | €2,784,665 | +€296,418 | +11.9% |
| Amounts payable within one year | 42/48 | €1,171,544 | €1,294,183 | +€122,639 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €265,227 | €455,986 | +€190,758 | +71.9% |
| Financial debts | 43 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Credit institutions | 430/8 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Trade debts | 44 | €361,301 | €259,887 | -€101,414 | -28.1% |
| Suppliers | 440/4 | €361,301 | €259,887 | -€101,414 | -28.1% |
| Taxes, remuneration and social security | 45 | €40,115 | €68,558 | +€28,442 | +70.9% |
| Taxes | 450/3 | €871 | €3,243 | +€2,372 | +272.5% |
| Remuneration and social security | 454/9 | €39,245 | €65,315 | +€26,070 | +66.4% |
| Other amounts payable | 47/48 | €4,900 | €259,753 | +€254,853 | +5201.1% |
| Accrued charges and deferred income | 492/3 | €237,421 | €4,536 | -€232,885 | -98.1% |
| Non-recurring operating income | 76A | - | €60 | +€60 | |
| Remuneration, social security and pensions | 62 | €479,288 | €702,284 | +€222,996 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,486 | €357,327 | +€41,841 | +13.3% |
| Other operating charges | 640/8 | €3,365 | €16,328 | +€12,963 | +385.2% |
| Gross operating margin | 9900 | €838,642 | €1,197,419 | +€358,777 | +42.8% |
| Operating profit (loss) | 9901 | €40,503 | €121,480 | +€80,977 | +199.9% |
| Financial income | 75/76B | €5,100 | - | -€5,100 | |
| Recurring financial income | 75 | €5,100 | - | -€5,100 | |
| Financial charges | 65/66B | €85,937 | €108,018 | +€22,081 | +25.7% |
| Recurring financial charges | 65 | €85,937 | €108,018 | +€22,081 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,334 | €13,462 | +€53,797 | |
| Income taxes | 67/77 | €871 | €1,157 | +€286 | +32.9% |
| Profit (loss) for the period | 9904 | -€41,205 | €12,306 | +€53,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,205 | €12,306 | +€53,510 |
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 10 October 2026 via checked.be.