CLASS-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.
CLASS-CONSTRUCT
Largest movements
- Receivables within one year +€210,964
up €210,964 (+20.1%), from €1.1m to €1.3m
of which Trade receivables: +€201,647
- Cash -€21,566
down €21,566 (-93.6%), from €23,036 to €1,470
mainly Receivables within one year (-€210,964) and Advances received (-€146,378)
- Other debts +€306,346
up €306,346 (+181.1%), from €169,166 to €475,512
- Advances received -€146,378
down €146,378 (-30.9%), from €474,418 to €328,040
- Profit (loss) carried forward +€12,868
up €12,868 (+3.3%), from -€394,561 to -€381,693
- Gross operating margin -€7,833
down €7,833 (-23.1%), from €33,981 to €26,147
- Financial income -€762
no longer reported in 2025 (was €762)
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 | €1,105,876 | €1,285,054 | +€179,178 | +16.2% |
| Fixed assets | 21/28 | €27,041 | €17,368 | -€9,673 | -35.8% |
| Tangible fixed assets | 22/27 | €26,961 | €17,288 | -€9,673 | -35.9% |
| Plant, machinery and equipment | 23 | €26,961 | €17,288 | -€9,673 | -35.9% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €1,078,835 | €1,267,686 | +€188,851 | +17.5% |
| Amounts receivable within one year | 40/41 | €1,050,600 | €1,261,564 | +€210,964 | +20.1% |
| Trade receivables | 40 | €1,040,145 | €1,241,792 | +€201,647 | +19.4% |
| Other amounts receivable | 41 | €10,455 | €19,772 | +€9,317 | +89.1% |
| Cash at bank and in hand | 54/58 | €23,036 | €1,470 | -€21,566 | -93.6% |
| Deferred charges and accrued income | 490/1 | €5,198 | €4,651 | -€547 | -10.5% |
| Total equity and liabilities | 10/49 | €1,105,876 | €1,285,054 | +€179,178 | +16.2% |
| Equity | 10/15 | €154,594 | €167,462 | +€12,868 | +8.3% |
| Contributions | 10/11 | €548,592 | €548,592 | = | 0.0% |
| Reserves | 13 | €563 | €563 | = | 0.0% |
| Distributable reserves | 133 | €563 | €563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,561 | -€381,693 | +€12,868 | +3.3% |
| Amounts payable | 17/49 | €951,282 | €1,117,592 | +€166,310 | +17.5% |
| Amounts payable within one year | 42/48 | €951,282 | €1,117,592 | +€166,310 | +17.5% |
| Trade debts | 44 | €307,698 | €314,040 | +€6,342 | +2.1% |
| Suppliers | 440/4 | €307,698 | €314,040 | +€6,342 | +2.1% |
| Advances received on contracts in progress | 46 | €474,418 | €328,040 | -€146,378 | -30.9% |
| Other amounts payable | 47/48 | €169,166 | €475,512 | +€306,346 | +181.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,673 | €9,673 | = | 0.0% |
| Gross operating margin | 9900 | €33,981 | €26,147 | -€7,833 | -23.1% |
| Operating profit (loss) | 9901 | €24,307 | €16,474 | -€7,833 | -32.2% |
| Financial income | 75/76B | €762 | - | -€762 | |
| Recurring financial income | 75 | €762 | - | -€762 | |
| Financial charges | 65/66B | €3,594 | €3,606 | +€12 | +0.3% |
| Recurring financial charges | 65 | €3,594 | €3,606 | +€12 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €21,476 | €12,868 | -€8,608 | -40.1% |
| Profit (loss) for the period | 9904 | €21,476 | €12,868 | -€8,608 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,476 | €12,868 | -€8,608 | -40.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.