CIVIL WORK CONCEPT: 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.
CIVIL WORK CONCEPT
Largest movements
- Receivables within one year +€138,154
up €138,154 (+103%), from €134,664 to €272,818
of which Trade receivables: +€113,852
- Tangible fixed assets +€90,598
up €90,598 (+89.3%), from €101,456 to €192,054
of which Furniture and vehicles: +€95,265
- Cash -€25,066
down €25,066 (-98.6%), from €25,419 to €353
mainly Receivables within one year (-€138,154) and Investment in fixed assets (net) (-€130,705)
- Trade debts +€90,782
up €90,782 (+110%), from €82,488 to €173,270
- Debts after one year +€48,781
new in 2025: €48,781
- Current portion of long-term debt +€29,072
new in 2025: €29,072
- Profit (loss) carried forward +€28,160
up €28,160 (+18.1%), from €155,232 to €183,392
- Tax, wage and social debts +€12,738
up €12,738 (+74.7%), from €17,050 to €29,788
- Gross operating margin +€65,665
up €65,665 (+29.4%), from €223,273 to €288,938
- Staff costs +€49,946
up €49,946 (+30.1%), from €165,816 to €215,762
- Depreciation +€7,487
up €7,487 (+23.0%), from €32,620 to €40,107
- Financial income -€4,709
down €4,709 (-88.0%), from €5,352 to €643
of which Non-recurring financial income: -€5,000
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.
Derived cash bridge
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 | €279,979 | €484,975 | +€204,997 | +73.2% |
| Fixed assets | 21/28 | €106,006 | €196,604 | +€90,598 | +85.5% |
| Tangible fixed assets | 22/27 | €101,456 | €192,054 | +€90,598 | +89.3% |
| Plant, machinery and equipment | 23 | €72,011 | €68,560 | -€3,451 | -4.8% |
| Furniture and vehicles | 24 | €25,255 | €120,520 | +€95,265 | +377% |
| Other tangible fixed assets | 26 | €4,190 | €2,974 | -€1,215 | -29.0% |
| Financial fixed assets | 28 | €4,550 | €4,550 | = | 0.0% |
| Current assets | 29/58 | €173,972 | €288,371 | +€114,399 | +65.8% |
| Amounts receivable within one year | 40/41 | €134,664 | €272,818 | +€138,154 | +103% |
| Trade receivables | 40 | €70,400 | €184,252 | +€113,852 | +162% |
| Other amounts receivable | 41 | €64,264 | €88,566 | +€24,302 | +37.8% |
| Cash at bank and in hand | 54/58 | €25,419 | €353 | -€25,066 | -98.6% |
| Deferred charges and accrued income | 490/1 | €13,889 | €15,200 | +€1,311 | +9.4% |
| Total equity and liabilities | 10/49 | €279,979 | €484,975 | +€204,997 | +73.2% |
| Equity | 10/15 | €175,692 | €203,852 | +€28,160 | +16.0% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,232 | €183,392 | +€28,160 | +18.1% |
| Amounts payable | 17/49 | €104,287 | €281,123 | +€176,836 | +170% |
| Amounts payable after more than one year | 17 | - | €48,781 | +€48,781 | |
| Financial debts | 170/4 | - | €48,781 | +€48,781 | |
| Amounts payable within one year | 42/48 | €99,547 | €232,149 | +€132,602 | +133% |
| Current portion of amounts payable after more than one year | 42 | - | €29,072 | +€29,072 | |
| Financial debts | 43 | €9 | - | -€9 | |
| Credit institutions | 430/8 | €9 | - | -€9 | |
| Trade debts | 44 | €82,488 | €173,270 | +€90,782 | +110% |
| Suppliers | 440/4 | €82,488 | €173,270 | +€90,782 | +110% |
| Taxes, remuneration and social security | 45 | €17,050 | €29,788 | +€12,738 | +74.7% |
| Remuneration and social security | 454/9 | €17,050 | €29,788 | +€12,738 | +74.7% |
| Other amounts payable | 47/48 | - | €19 | +€19 | |
| Accrued charges and deferred income | 492/3 | €4,740 | €194 | -€4,546 | -95.9% |
| Non-recurring operating income | 76A | €696 | - | -€696 | |
| Remuneration, social security and pensions | 62 | €165,816 | €215,762 | +€49,946 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,620 | €40,107 | +€7,487 | +23.0% |
| Other operating charges | 640/8 | €3,551 | €2,660 | -€892 | -25.1% |
| Non-recurring operating charges | 66A | €1,294 | €486 | -€808 | -62.5% |
| Gross operating margin | 9900 | €223,273 | €288,938 | +€65,665 | +29.4% |
| Operating profit (loss) | 9901 | €19,992 | €29,924 | +€9,932 | +49.7% |
| Financial income | 75/76B | €5,352 | €643 | -€4,709 | -88.0% |
| Recurring financial income | 75 | €352 | €643 | +€291 | +82.8% |
| Non-recurring financial income | 76B | €5,000 | - | -€5,000 | |
| Financial charges | 65/66B | €319 | €2,407 | +€2,088 | +655% |
| Recurring financial charges | 65 | €319 | €2,407 | +€2,088 | +655% |
| Profit (loss) for the period before taxes | 9903 | €25,025 | €28,160 | +€3,135 | +12.5% |
| Profit (loss) for the period | 9904 | €25,025 | €28,160 | +€3,135 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,025 | €28,160 | +€3,135 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.