CH-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.
CH-Construct
Largest movements
- Tangible fixed assets +€101,889
up €101,889 (+20.8%), from €489,061 to €590,950
of which Leasing and similar rights: +€124,647
- Cash +€90,949
up €90,949 (+84.0%), from €108,232 to €199,181
mainly Depreciation (+€96,111) and Net result for the year (+€62,958)
- Stocks and contracts -€23,198
down €23,198 (-10.8%), from €215,643 to €192,445
- Profit (loss) carried forward +€62,958
up €62,958 (+14.7%), from €429,711 to €492,668
- Accrued charges and deferred income +€44,369
new in 2025: €44,369
- Debts after one year +€36,756
up €36,756 (+12.8%), from €286,377 to €323,133
- Current portion of long-term debt +€19,939
up €19,939 (+30.1%), from €66,247 to €86,186
- Tax, wage and social debts +€15,684
up €15,684 (+319.1%), from €4,915 to €20,599
of which Taxes: +€13,272
- Gross operating margin +€106,326
up €106,326 (+62.3%), from €170,784 to €277,110
- Depreciation +€38,311
up €38,311 (+66.3%), from €57,800 to €96,111
- Taxes +€13,779
up €13,779 (+579.5%), from €2,378 to €16,157
- Financial charges +€7,101
up €7,101 (+53.9%), from €13,187 to €20,289
- Staff costs +€5,432
up €5,432 (+7.7%), from €70,851 to €76,283
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 | €858,043 | €1,025,812 | +€167,768 | +19.6% |
| Fixed assets | 21/28 | €489,061 | €590,950 | +€101,889 | +20.8% |
| Tangible fixed assets | 22/27 | €489,061 | €590,950 | +€101,889 | +20.8% |
| Land and buildings | 22 | €266,159 | €250,515 | -€15,643 | -5.9% |
| Plant, machinery and equipment | 23 | €54,841 | €39,512 | -€15,329 | -28.0% |
| Furniture and vehicles | 24 | €3,113 | €11,328 | +€8,215 | +263.9% |
| Leasing and similar rights | 25 | €164,948 | €289,595 | +€124,647 | +75.6% |
| Current assets | 29/58 | €368,982 | €434,861 | +€65,879 | +17.9% |
| Stocks and contracts in progress | 3 | €215,643 | €192,445 | -€23,198 | -10.8% |
| Stocks | 30/36 | €215,643 | €192,445 | -€23,198 | -10.8% |
| Amounts receivable within one year | 40/41 | €40,999 | €39,616 | -€1,383 | -3.4% |
| Trade receivables | 40 | €6,935 | €8,983 | +€2,049 | +29.5% |
| Other amounts receivable | 41 | €34,065 | €30,633 | -€3,432 | -10.1% |
| Cash at bank and in hand | 54/58 | €108,232 | €199,181 | +€90,949 | +84.0% |
| Deferred charges and accrued income | 490/1 | €4,108 | €3,619 | -€489 | -11.9% |
| Total equity and liabilities | 10/49 | €858,043 | €1,025,812 | +€167,768 | +19.6% |
| Equity | 10/15 | €450,171 | €513,128 | +€62,958 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429,711 | €492,668 | +€62,958 | +14.7% |
| Amounts payable | 17/49 | €407,873 | €512,683 | +€104,811 | +25.7% |
| Amounts payable after more than one year | 17 | €286,377 | €323,133 | +€36,756 | +12.8% |
| Financial debts | 170/4 | €286,377 | €323,133 | +€36,756 | +12.8% |
| Amounts payable within one year | 42/48 | €121,495 | €145,181 | +€23,686 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €66,247 | €86,186 | +€19,939 | +30.1% |
| Trade debts | 44 | €49,380 | €37,606 | -€11,774 | -23.8% |
| Suppliers | 440/4 | €49,380 | €37,606 | -€11,774 | -23.8% |
| Taxes, remuneration and social security | 45 | €4,915 | €20,599 | +€15,684 | +319.1% |
| Taxes | 450/3 | €4,250 | €17,522 | +€13,272 | +312.3% |
| Remuneration and social security | 454/9 | €665 | €3,077 | +€2,412 | +362.6% |
| Other amounts payable | 47/48 | €954 | €790 | -€164 | -17.2% |
| Accrued charges and deferred income | 492/3 | - | €44,369 | +€44,369 | |
| Remuneration, social security and pensions | 62 | €70,851 | €76,283 | +€5,432 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,800 | €96,111 | +€38,311 | +66.3% |
| Other operating charges | 640/8 | €5,783 | €6,207 | +€423 | +7.3% |
| Gross operating margin | 9900 | €170,784 | €277,110 | +€106,326 | +62.3% |
| Operating profit (loss) | 9901 | €36,349 | €98,510 | +€62,161 | +171.0% |
| Financial income | 75/76B | €1,030 | €894 | -€137 | -13.3% |
| Recurring financial income | 75 | €1,030 | €894 | -€137 | -13.3% |
| Financial charges | 65/66B | €13,187 | €20,289 | +€7,101 | +53.9% |
| Recurring financial charges | 65 | €13,187 | €20,289 | +€7,101 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €24,192 | €79,115 | +€54,923 | +227.0% |
| Income taxes | 67/77 | €2,378 | €16,157 | +€13,779 | +579.5% |
| Profit (loss) for the period | 9904 | €21,815 | €62,958 | +€41,143 | +188.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,815 | €62,958 | +€41,143 | +188.6% |
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 1 October 2026 via checked.be.