Cluster Eco-Construction: 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.
Cluster Eco-Construction
Largest movements
- Receivables within one year +€221,737
up €221,737 (+43.2%), from €513,379 to €735,116
of which Other amounts receivable: +€246,448
- Deferred charges and accrued income +€62,101
up €62,101 (+271.9%), from €22,842 to €84,944
- Cash -€38,673
down €38,673 (-94.1%), from €41,112 to €2,439
mainly Receivables within one year (-€221,737) and Deferred charges and accrued income (-€62,101)
- Tangible fixed assets -€27,628
down €27,628 (-3.4%), from €816,254 to €788,626
of which Land and buildings: -€26,080
- Debts within one year +€175,308
up €175,308 (+29.2%), from €600,510 to €775,818
- Accrued charges and deferred income +€56,561
new in 2025: €56,561
- Investment grants -€22,748
down €22,748 (-3.3%), from €682,496 to €659,748
- Profit (loss) carried forward +€21,904
up €21,904 (+10.8%), from -€202,890 to -€180,985
- Debts after one year -€18,739
down €18,739 (-5.8%), from €320,685 to €301,946
- Gross operating margin +€109,379
up €109,379 (+15.0%), from €731,476 to €840,855
- Write-downs -€33,617
down €33,617, from €18,510 to -€15,107
- Other operating charges -€28,584
down €28,584 (-48.2%), from €59,273 to €30,688
- Staff costs +€19,636
up €19,636 (+2.9%), from €668,034 to €687,670
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 | €1,400,801 | €1,613,088 | +€212,287 | +15.2% |
| Fixed assets | 21/28 | €823,467 | €790,589 | -€32,878 | -4.0% |
| Tangible fixed assets | 22/27 | €816,254 | €788,626 | -€27,628 | -3.4% |
| Land and buildings | 22 | €789,479 | €763,399 | -€26,080 | -3.3% |
| Furniture and vehicles | 24 | €6,931 | €5,383 | -€1,548 | -22.3% |
| Assets under construction and advance payments | 27 | €19,844 | €19,844 | = | 0.0% |
| Financial fixed assets | 28 | €7,213 | €1,963 | -€5,250 | -72.8% |
| Current assets | 29/58 | €577,334 | €822,499 | +€245,165 | +42.5% |
| Amounts receivable within one year | 40/41 | €513,379 | €735,116 | +€221,737 | +43.2% |
| Trade receivables | 40 | €67,681 | €42,969 | -€24,711 | -36.5% |
| Other amounts receivable | 41 | €445,699 | €692,147 | +€246,448 | +55.3% |
| Cash at bank and in hand | 54/58 | €41,112 | €2,439 | -€38,673 | -94.1% |
| Deferred charges and accrued income | 490/1 | €22,842 | €84,944 | +€62,101 | +271.9% |
| Total equity and liabilities | 10/49 | €1,400,801 | €1,613,088 | +€212,287 | +15.2% |
| Equity | 10/15 | €479,606 | €478,763 | -€843 | -0.2% |
| Profit (loss) carried forward | 14 | -€202,890 | -€180,985 | +€21,904 | +10.8% |
| Investment grants | 15 | €682,496 | €659,748 | -€22,748 | -3.3% |
| Amounts payable | 17/49 | €921,195 | €1,134,325 | +€213,130 | +23.1% |
| Amounts payable after more than one year | 17 | €320,685 | €301,946 | -€18,739 | -5.8% |
| Financial debts | 170/4 | €320,685 | €301,946 | -€18,739 | -5.8% |
| Amounts payable within one year | 42/48 | €600,510 | €775,818 | +€175,308 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €18,512 | €18,739 | +€227 | +1.2% |
| Financial debts | 43 | €250,713 | €293,082 | +€42,369 | +16.9% |
| Credit institutions | 430/8 | €250,713 | €293,082 | +€42,369 | +16.9% |
| Trade debts | 44 | €45,136 | €23,435 | -€21,701 | -48.1% |
| Suppliers | 440/4 | €45,136 | €23,435 | -€21,701 | -48.1% |
| Taxes, remuneration and social security | 45 | €116,949 | €95,459 | -€21,490 | -18.4% |
| Taxes | 450/3 | €23,704 | €10,094 | -€13,610 | -57.4% |
| Remuneration and social security | 454/9 | €93,244 | €85,365 | -€7,879 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €56,561 | +€56,561 | |
| Non-recurring operating income | 76A | - | €92 | +€92 | |
| Remuneration, social security and pensions | 62 | €668,034 | €687,670 | +€19,636 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,967 | €32,087 | +€1,120 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,510 | -€15,107 | -€33,617 | |
| Other operating charges | 640/8 | €59,273 | €30,688 | -€28,584 | -48.2% |
| Non-recurring operating charges | 66A | €82,268 | €85,579 | +€3,310 | +4.0% |
| Gross operating margin | 9900 | €731,476 | €840,855 | +€109,379 | +15.0% |
| Operating profit (loss) | 9901 | -€83,128 | €19,938 | +€103,066 | |
| Financial income | 75/76B | €23,833 | €24,651 | +€819 | +3.4% |
| Recurring financial income | 75 | €23,833 | €24,651 | +€819 | +3.4% |
| Financial charges | 65/66B | €14,546 | €22,685 | +€8,139 | +56.0% |
| Recurring financial charges | 65 | €14,546 | €22,685 | +€8,139 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€73,841 | €21,904 | +€95,746 | |
| Profit (loss) for the period | 9904 | -€73,841 | €21,904 | +€95,746 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,841 | €21,904 | +€95,746 |
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 6 October 2026 via checked.be.