ConcreteMasters: 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.
ConcreteMasters
Largest movements
- Receivables within one year +€132,539
up €132,539 (+11.8%), from €1.1m to €1.3m
of which Trade receivables: +€137,800
- Cash +€45,853
up €45,853 (+49.2%), from €93,206 to €139,059
mainly Other debts (+€167,680) and Net result for the year (+€118,410)
- Other debts +€167,680
up €167,680 (+637.1%), from €26,320 to €194,000
- Short-term financial debts -€150,000
down €150,000 (-37.5%), from €400,000 to €250,000
- Trade debts +€108,528
up €108,528 (+22.0%), from €492,989 to €601,517
- Tax, wage and social debts +€37,629
up €37,629 (+76.8%), from €48,981 to €86,609
of which Taxes: +€30,103
- Profit (loss) carried forward +€18,410
up €18,410 (+5.6%), from €327,910 to €346,321
- Gross operating margin +€275,055
up €275,055 (+24.5%), from €1.1m to €1.4m
- Staff costs +€154,789
up €154,789 (+14.9%), from €1.0m to €1.2m
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 | €1,319,300 | €1,501,547 | +€182,247 | +13.8% |
| Current assets | 29/58 | €1,319,300 | €1,501,547 | +€182,247 | +13.8% |
| Stocks and contracts in progress | 3 | €98,652 | €102,507 | +€3,855 | +3.9% |
| Stocks | 30/36 | €98,652 | €102,507 | +€3,855 | +3.9% |
| Amounts receivable within one year | 40/41 | €1,127,442 | €1,259,982 | +€132,539 | +11.8% |
| Trade receivables | 40 | €1,033,883 | €1,171,683 | +€137,800 | +13.3% |
| Other amounts receivable | 41 | €93,559 | €88,298 | -€5,261 | -5.6% |
| Cash at bank and in hand | 54/58 | €93,206 | €139,059 | +€45,853 | +49.2% |
| Total equity and liabilities | 10/49 | €1,319,300 | €1,501,547 | +€182,247 | +13.8% |
| Equity | 10/15 | €351,010 | €369,421 | +€18,410 | +5.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,910 | €346,321 | +€18,410 | +5.6% |
| Amounts payable | 17/49 | €968,290 | €1,132,126 | +€163,837 | +16.9% |
| Amounts payable within one year | 42/48 | €968,290 | €1,132,126 | +€163,837 | +16.9% |
| Financial debts | 43 | €400,000 | €250,000 | -€150,000 | -37.5% |
| Credit institutions | 430/8 | €400,000 | €250,000 | -€150,000 | -37.5% |
| Trade debts | 44 | €492,989 | €601,517 | +€108,528 | +22.0% |
| Suppliers | 440/4 | €492,989 | €601,517 | +€108,528 | +22.0% |
| Taxes, remuneration and social security | 45 | €48,981 | €86,609 | +€37,629 | +76.8% |
| Taxes | 450/3 | €14,936 | €45,039 | +€30,103 | +201.5% |
| Remuneration and social security | 454/9 | €34,044 | €41,570 | +€7,526 | +22.1% |
| Other amounts payable | 47/48 | €26,320 | €194,000 | +€167,680 | +637.1% |
| Remuneration, social security and pensions | 62 | €1,037,465 | €1,192,255 | +€154,789 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,700 | +€12,700 | |
| Other operating charges | 640/8 | €1,728 | €9,445 | +€7,717 | +446.6% |
| Gross operating margin | 9900 | €1,123,700 | €1,398,755 | +€275,055 | +24.5% |
| Operating profit (loss) | 9901 | €84,507 | €184,356 | +€99,849 | +118.2% |
| Financial income | 75/76B | €2,034 | €5,638 | +€3,604 | +177.2% |
| Recurring financial income | 75 | €2,034 | €5,638 | +€3,604 | +177.2% |
| Financial charges | 65/66B | €15,908 | €22,545 | +€6,637 | +41.7% |
| Recurring financial charges | 65 | €15,908 | €22,545 | +€6,637 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €70,633 | €167,449 | +€96,817 | +137.1% |
| Income taxes | 67/77 | €36,286 | €49,039 | +€12,753 | +35.1% |
| Profit (loss) for the period | 9904 | €34,346 | €118,410 | +€84,064 | +244.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,346 | €118,410 | +€84,064 | +244.8% |
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 2 October 2026 via checked.be.