COMMERCE 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.
What changed
COMMERCE CONSTRUCTION
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,198
2024 · €11,791+€12,407
Equity
€495,236
2024 · €471,038+€24,198
Cash
€8,317
2024 · €5,208+€3,109
Balance sheet total
€4.2m
2024 · €1.3m+€3.0m
Largest movements
Assets
- Stocks and contracts +€3.3m
up €3.3m (+629.6%), from €531,054 to €3.9m
- Financial fixed assets -€418,500
down €418,500 (-64.8%), from €645,500 to €227,000
Equity and liabilities
- Trade debts +€3.3m
up €3.3m (+2012.8%), from €165,587 to €3.5m
- Advances received -€611,572
down €611,572 (-100.0%), from €611,572 to €0
- Debts after one year +€233,616
new in 2025: €233,616
Income statement
- Goods and materials +€3.8m
up €3.8m (+26153.9%), from €14,672 to €3.9m
- Turnover +€537,311
up €537,311 (+32564.3%), from €1,650 to €538,961
- Financial income -€27,711
down €27,711 (-60.2%), from €46,069 to €18,357
- Other operating income +€13,870
up €13,870 (+646.6%), from €2,145 to €16,015
- Financial charges +€12,519
up €12,519 (+933.1%), from €1,342 to €13,861
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.
Result 2024
€11,791
Turnover
+€537,311
Other operating income
+€13,870
Goods and materials
-€3.8m
Services and other goods
+€10,023
Other operating charges
+€1,051
Other operating items
+€3.3m
Financial income
-€27,711
Financial charges
-€12,519
Taxes
-€4,701
Result 2025
€24,198
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.
From operations
-€649,007
Investment
+€418,500
Financing
+€233,616
Cash 2024
€5,208
From operations (derived)
-€649,007
Net result for the year
+€24,198
Stocks and contracts
-€3.3m
Receivables within one year
-€37,368
Deferred charges and accrued income
-€18,357
Trade debts
+€3.3m
Smaller working-capital items
+€4,781
Advances received
-€611,572
Investment (derived)
+€418,500
Investment in fixed assets (net)
+€418,500
Financing
+€233,616
Debts after one year
+€233,616
Cash 2025
€8,317
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,252,613 | €4,236,496 | +€3.0m | +238.2% |
| Fixed assets | 21/28 | €645,500 | €227,000 | -€418,500 | -64.8% |
| Financial fixed assets | 28 | €645,500 | €227,000 | -€418,500 | -64.8% |
| Affiliated companies | 280/1 | €645,500 | €227,000 | -€418,500 | -64.8% |
| Amounts receivable | 281 | €645,500 | €227,000 | -€418,500 | -64.8% |
| Current assets | 29/58 | €607,113 | €4,009,496 | +€3.4m | +560.4% |
| Stocks and contracts in progress | 3 | €531,054 | €3,874,601 | +€3.3m | +629.6% |
| Stocks | 30/36 | €531,054 | €3,874,601 | +€3.3m | +629.6% |
| Work in progress | 32 | €531,054 | €3,874,601 | +€3.3m | +629.6% |
| Amounts receivable within one year | 40/41 | €4,791 | €42,159 | +€37,368 | +780.0% |
| Trade receivables | 40 | €4,082 | €2,352 | -€1,729 | -42.4% |
| Other amounts receivable | 41 | €709 | €39,807 | +€39,098 | +5515.5% |
| Cash at bank and in hand | 54/58 | €5,208 | €8,317 | +€3,109 | +59.7% |
| Deferred charges and accrued income | 490/1 | €66,061 | €84,419 | +€18,357 | +27.8% |
| Total equity and liabilities | 10/49 | €1,252,613 | €4,236,496 | +€3.0m | +238.2% |
| Equity | 10/15 | €471,038 | €495,236 | +€24,198 | +5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €452,488 | €476,686 | +€24,198 | +5.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €450,633 | €474,831 | +€24,198 | +5.4% |
| Amounts payable | 17/49 | €781,575 | €3,741,260 | +€3.0m | +378.7% |
| Amounts payable after more than one year | 17 | - | €233,616 | +€233,616 | |
| Financial debts | 170/4 | - | €233,616 | +€233,616 | |
| Other loans | 174 | - | €233,616 | +€233,616 | |
| Amounts payable within one year | 42/48 | €781,575 | €3,507,337 | +€2.7m | +348.8% |
| Trade debts | 44 | €165,587 | €3,498,446 | +€3.3m | +2012.8% |
| Suppliers | 440/4 | €165,587 | €3,498,446 | +€3.3m | +2012.8% |
| Advances received on contracts in progress | 46 | €611,572 | €0 | -€611,572 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,417 | €8,891 | +€4,475 | +101.3% |
| Taxes | 450/3 | €4,417 | €8,891 | +€4,475 | +101.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €307 | +€307 | |
| Operating income | 70/76A | €18,467 | €3,898,524 | +€3.9m | +21010.9% |
| Turnover | 70 | €1,650 | €538,961 | +€537,311 | +32564.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €14,672 | €3,343,548 | +€3.3m | +22688.8% |
| Other operating income | 74 | €2,145 | €16,015 | +€13,870 | +646.6% |
| Operating charges | 60/66A | €46,986 | €3,869,704 | +€3.8m | +8135.9% |
| Goods for resale, raw materials and consumables | 60 | €14,672 | €3,851,945 | +€3.8m | +26153.9% |
| Purchases | 600/8 | €14,672 | €3,851,945 | +€3.8m | +26153.9% |
| Services and other goods | 61 | €26,784 | €16,761 | -€10,023 | -37.4% |
| Other operating charges | 640/8 | €2,049 | €998 | -€1,051 | -51.3% |
| Non-recurring operating charges | 66A | €3,481 | €0 | -€3,481 | -100.0% |
| Operating profit (loss) | 9901 | -€28,519 | €28,820 | +€57,339 | |
| Financial income | 75/76B | €46,069 | €18,357 | -€27,711 | -60.2% |
| Recurring financial income | 75 | €46,069 | €18,357 | -€27,711 | -60.2% |
| Income from financial fixed assets | 750 | €40,592 | €18,357 | -€22,234 | -54.8% |
| Income from current assets | 751 | €5,477 | €0 | -€5,477 | -100.0% |
| Financial charges | 65/66B | €1,342 | €13,861 | +€12,519 | +933.1% |
| Recurring financial charges | 65 | €1,342 | €13,861 | +€12,519 | +933.1% |
| Debt charges | 650 | €0 | €307 | +€307 | |
| Other financial charges | 652/9 | €1,342 | €13,554 | +€12,212 | +910.2% |
| Profit (loss) for the period before taxes | 9903 | €16,208 | €33,316 | +€17,108 | +105.6% |
| Income taxes | 67/77 | €4,417 | €9,118 | +€4,701 | +106.4% |
| Taxes | 670/3 | €4,417 | €9,118 | +€4,701 | +106.4% |
| Profit (loss) for the period | 9904 | €11,791 | €24,198 | +€12,407 | +105.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,791 | €24,198 | +€12,407 | +105.2% |
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 30 September 2026 via checked.be.