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.
CONSTRUCT
Largest movements
- Stocks and contracts -€10,124
down €10,124 (-100.0%), from €10,124 to €0
- Receivables within one year -€8,938
down €8,938 (-54.8%), from €16,306 to €7,368
of which Trade receivables: -€8,081
- Deferred charges and accrued income -€416
down €416 (-80.6%), from €516 to €100
- Other debts -€13,471
down €13,471 (-8.4%), from €159,514 to €146,042
- Trade debts -€6,983
down €6,983 (-66.5%), from €10,505 to €3,522
- Tax, wage and social debts +€657
up €657 (+23.5%), from €2,792 to €3,449
of which Remuneration and social security: +€640
- Staff costs +€35,110
up €35,110 (+66.8%), from €52,544 to €87,653
- Gross operating margin +€30,761
up €30,761 (+58.2%), from €52,827 to €83,589
- Financial income +€17,250
up €17,250 (+172499900.0%), from €0 to €17,250
of which Non-recurring financial income: +€17,250
- Financial charges +€6,338
up €6,338 (+290.5%), from €2,182 to €8,520
- Other operating charges -€3,060
down €3,060 (-40.5%), from €7,548 to €4,487
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 | €27,482 | €7,815 | -€19,667 | -71.6% |
| Current assets | 29/58 | €27,482 | €7,815 | -€19,667 | -71.6% |
| Stocks and contracts in progress | 3 | €10,124 | €0 | -€10,124 | -100.0% |
| Stocks | 30/36 | €10,124 | €0 | -€10,124 | -100.0% |
| Amounts receivable within one year | 40/41 | €16,306 | €7,368 | -€8,938 | -54.8% |
| Trade receivables | 40 | €14,396 | €6,315 | -€8,081 | -56.1% |
| Other amounts receivable | 41 | €1,910 | €1,052 | -€857 | -44.9% |
| Cash at bank and in hand | 54/58 | €536 | €347 | -€189 | -35.2% |
| Deferred charges and accrued income | 490/1 | €516 | €100 | -€416 | -80.6% |
| Total equity and liabilities | 10/49 | €27,482 | €7,815 | -€19,667 | -71.6% |
| Equity | 10/15 | -€145,736 | -€145,558 | +€178 | +0.1% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,986 | -€175,808 | +€178 | +0.1% |
| Amounts payable | 17/49 | €173,218 | €153,373 | -€19,845 | -11.5% |
| Amounts payable within one year | 42/48 | €172,864 | €153,013 | -€19,851 | -11.5% |
| Financial debts | 43 | €53 | €0 | -€53 | -100.0% |
| Credit institutions | 430/8 | €53 | €0 | -€53 | -100.0% |
| Trade debts | 44 | €10,505 | €3,522 | -€6,983 | -66.5% |
| Suppliers | 440/4 | €10,505 | €3,522 | -€6,983 | -66.5% |
| Taxes, remuneration and social security | 45 | €2,792 | €3,449 | +€657 | +23.5% |
| Taxes | 450/3 | - | €17 | +€17 | |
| Remuneration and social security | 454/9 | €2,792 | €3,432 | +€640 | +22.9% |
| Other amounts payable | 47/48 | €159,514 | €146,042 | -€13,471 | -8.4% |
| Accrued charges and deferred income | 492/3 | €354 | €360 | +€6 | +1.8% |
| Remuneration, social security and pensions | 62 | €52,544 | €87,653 | +€35,110 | +66.8% |
| Other operating charges | 640/8 | €7,548 | €4,487 | -€3,060 | -40.5% |
| Gross operating margin | 9900 | €52,827 | €83,589 | +€30,761 | +58.2% |
| Operating profit (loss) | 9901 | -€7,264 | -€8,552 | -€1,288 | -17.7% |
| Financial income | 75/76B | €0 | €17,250 | +€17,250 | +172499900.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €0 | €17,250 | +€17,250 | |
| Financial charges | 65/66B | €2,182 | €8,520 | +€6,338 | +290.5% |
| Recurring financial charges | 65 | €2,182 | €8,520 | +€6,338 | +290.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,446 | €178 | +€9,624 | |
| Profit (loss) for the period | 9904 | -€9,446 | €178 | +€9,624 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,446 | €178 | +€9,624 |
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 7 October 2026 via checked.be.