CONSTR@: what changed
Two financial 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.
CONSTR@
Largest movements
- Cash -€1,946
down €1,946 (-2.1%), from €90,657 to €88,711
mainly Other debts (-€21,506) and Contributions, distributions and other (-€14,422)
- Other debts -€21,506
down €21,506 (-58.2%), from €36,949 to €15,442
- Reserves +€18,778
up €18,778 (+20.5%), from €91,493 to €110,271
of which Distributable reserves: +€18,778
- Tax, wage and social debts +€1,471
up €1,471 (+42.2%), from €3,487 to €4,958
- Taxes +€1,009
up €1,009 (+7.1%), from €14,149 to €15,158
- Financial charges -€947
down €947 (-26.0%), from €3,642 to €2,695
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.
Derived cash bridge
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 | €136,193 | €135,194 | -€998 | -0.7% |
| Fixed assets | 21/28 | €11,772 | €11,131 | -€642 | -5.5% |
| Tangible fixed assets | 22/27 | €11,772 | €11,131 | -€642 | -5.5% |
| Land and buildings | 22 | €9,795 | €8,561 | -€1,234 | -12.6% |
| Furniture and vehicles | 24 | €1,978 | €2,570 | +€593 | +30.0% |
| Current assets | 29/58 | €124,420 | €124,064 | -€356 | -0.3% |
| Amounts receivable within one year | 40/41 | €29,259 | €30,121 | +€862 | +2.9% |
| Trade receivables | 40 | €28,947 | €30,121 | +€1,174 | +4.1% |
| Other amounts receivable | 41 | €312 | €0 | -€312 | -100% |
| Cash at bank and in hand | 54/58 | €90,657 | €88,711 | -€1,946 | -2.1% |
| Deferred charges and accrued income | 490/1 | €4,504 | €5,232 | +€728 | +16.2% |
| Total equity and liabilities | 10/49 | €136,193 | €135,194 | -€998 | -0.7% |
| Equity | 10/15 | €93,493 | €112,271 | +€18,778 | +20.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €91,493 | €110,271 | +€18,778 | +20.5% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €91,293 | €110,071 | +€18,778 | +20.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,700 | €22,923 | -€19,776 | -46.3% |
| Amounts payable within one year | 42/48 | €42,700 | €22,923 | -€19,776 | -46.3% |
| Trade debts | 44 | €2,264 | €2,523 | +€259 | +11.5% |
| Suppliers | 440/4 | €2,264 | €2,523 | +€259 | +11.5% |
| Taxes, remuneration and social security | 45 | €3,487 | €4,958 | +€1,471 | +42.2% |
| Taxes | 450/3 | €3,487 | €4,958 | +€1,471 | +42.2% |
| Other amounts payable | 47/48 | €36,949 | €15,442 | -€21,506 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,709 | €1,798 | +€89 | +5.2% |
| Other operating charges | 640/8 | €413 | €383 | -€30 | -7.3% |
| Gross operating margin | 9900 | €53,551 | €53,234 | -€316 | -0.6% |
| Operating profit (loss) | 9901 | €51,428 | €51,053 | -€375 | -0.7% |
| Financial charges | 65/66B | €3,642 | €2,695 | -€947 | -26.0% |
| Recurring financial charges | 65 | €3,642 | €2,695 | -€947 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €47,786 | €48,358 | +€572 | +1.2% |
| Income taxes | 67/77 | €14,149 | €15,158 | +€1,009 | +7.1% |
| Profit (loss) for the period | 9904 | €33,637 | €33,200 | -€437 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,637 | €33,200 | -€437 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.