CO 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.
CO CONSTRUCT
Largest movements
- Receivables within one year +€45,961
up €45,961 (+62.2%), from €73,835 to €119,797
of which Other amounts receivable: +€61,930
- Tangible fixed assets -€28,852
down €28,852 (-16.9%), from €171,039 to €142,187
of which Land and buildings: -€20,485
- Stocks and contracts -€12,312
down €12,312 (-100.0%), from €12,312 to €0
- Tax, wage and social debts +€25,733
up €25,733 (+444.2%), from €5,793 to €31,527
of which Taxes: +€23,733
- Trade debts -€10,656
down €10,656 (-53.3%), from €19,997 to €9,341
- Debts after one year -€9,027
down €9,027 (-10.0%), from €90,062 to €81,035
- Advances received -€6,165
down €6,165 (-100.0%), from €6,165 to €0
- Other debts +€3,498
up €3,498 (+6.8%), from €51,126 to €54,624
- Other operating charges -€1,675
down €1,675 (-28.0%), from €5,974 to €4,299
- Gross operating margin -€620
down €620 (-1.7%), from €37,348 to €36,728
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 | €257,626 | €261,987 | +€4,361 | +1.7% |
| Fixed assets | 21/28 | €171,039 | €142,187 | -€28,852 | -16.9% |
| Tangible fixed assets | 22/27 | €171,039 | €142,187 | -€28,852 | -16.9% |
| Land and buildings | 22 | €147,100 | €126,615 | -€20,485 | -13.9% |
| Plant, machinery and equipment | 23 | €2,484 | €0 | -€2,484 | -100.0% |
| Furniture and vehicles | 24 | €21,455 | €15,572 | -€5,883 | -27.4% |
| Current assets | 29/58 | €86,587 | €119,800 | +€33,213 | +38.4% |
| Stocks and contracts in progress | 3 | €12,312 | €0 | -€12,312 | -100.0% |
| Stocks | 30/36 | €12,312 | €0 | -€12,312 | -100.0% |
| Amounts receivable within one year | 40/41 | €73,835 | €119,797 | +€45,961 | +62.2% |
| Trade receivables | 40 | €25,559 | €9,590 | -€15,969 | -62.5% |
| Other amounts receivable | 41 | €48,277 | €110,206 | +€61,930 | +128.3% |
| Cash at bank and in hand | 54/58 | €439 | €3 | -€436 | -99.3% |
| Total equity and liabilities | 10/49 | €257,626 | €261,987 | +€4,361 | +1.7% |
| Equity | 10/15 | €67,775 | €68,795 | +€1,020 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,175 | €50,195 | +€1,020 | +2.1% |
| Distributable reserves | 133 | €49,175 | €50,195 | +€1,020 | +2.1% |
| Amounts payable | 17/49 | €189,851 | €193,192 | +€3,341 | +1.8% |
| Amounts payable after more than one year | 17 | €90,062 | €81,035 | -€9,027 | -10.0% |
| Financial debts | 170/4 | €90,062 | €81,035 | -€9,027 | -10.0% |
| Amounts payable within one year | 42/48 | €99,558 | €111,619 | +€12,061 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €9,501 | €9,768 | +€267 | +2.8% |
| Financial debts | 43 | €6,976 | €6,359 | -€617 | -8.8% |
| Credit institutions | 430/8 | €6,976 | €6,359 | -€617 | -8.8% |
| Trade debts | 44 | €19,997 | €9,341 | -€10,656 | -53.3% |
| Suppliers | 440/4 | €19,997 | €9,341 | -€10,656 | -53.3% |
| Advances received on contracts in progress | 46 | €6,165 | €0 | -€6,165 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,793 | €31,527 | +€25,733 | +444.2% |
| Taxes | 450/3 | €5,793 | €29,527 | +€23,733 | +409.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €51,126 | €54,624 | +€3,498 | +6.8% |
| Accrued charges and deferred income | 492/3 | €230 | €538 | +€307 | +133.3% |
| Non-recurring operating income | 76A | €226 | €0 | -€226 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €129 | +€129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,101 | €26,367 | +€266 | +1.0% |
| Other operating charges | 640/8 | €5,974 | €4,299 | -€1,675 | -28.0% |
| Gross operating margin | 9900 | €37,348 | €36,728 | -€620 | -1.7% |
| Operating profit (loss) | 9901 | €5,273 | €5,933 | +€660 | +12.5% |
| Financial income | 75/76B | €109 | €0 | -€109 | -100.0% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100.0% |
| Financial charges | 65/66B | €4,234 | €4,409 | +€174 | +4.1% |
| Recurring financial charges | 65 | €4,234 | €4,409 | +€174 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €1,148 | €1,524 | +€376 | +32.8% |
| Income taxes | 67/77 | €740 | €504 | -€237 | -32.0% |
| Profit (loss) for the period | 9904 | €408 | €1,020 | +€613 | +150.3% |
| Profit (loss) for the period to be appropriated | 9905 | €408 | €1,020 | +€613 | +150.3% |
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 4 October 2026 via checked.be.