+ CONSTRUCT: 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.
+ CONSTRUCT
Largest movements
- Receivables within one year +€48,619
up €48,619 (+74.7%), from €65,124 to €113,743
of which Trade receivables: +€35,942
- Stocks and contracts +€25,463
new in 2025: €25,463
- Tangible fixed assets +€2,795
new in 2025: €2,795
- Other debts +€46,113
up €46,113 (+58.5%), from €78,872 to €124,985
- Profit (loss) carried forward +€21,273
up €21,273 (+53.0%), from -€40,160 to -€18,887
- Trade debts +€8,021
up €8,021 (+91.4%), from €8,773 to €16,794
- Gross operating margin +€18,723
up €18,723 (+401%), from €4,666 to €23,389
- Depreciation +€1,340
new in 2025: €1,340
- Other operating charges +€674
up €674 (+131%), from €513 to €1,187
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 | €66,396 | €142,475 | +€76,079 | +115% |
| Fixed assets | 21/28 | - | €2,795 | +€2,795 | |
| Tangible fixed assets | 22/27 | - | €2,795 | +€2,795 | |
| Plant, machinery and equipment | 23 | - | €2,795 | +€2,795 | |
| Current assets | 29/58 | €66,396 | €139,679 | +€73,283 | +110% |
| Stocks and contracts in progress | 3 | - | €25,463 | +€25,463 | |
| Stocks | 30/36 | - | €25,463 | +€25,463 | |
| Amounts receivable within one year | 40/41 | €65,124 | €113,743 | +€48,619 | +74.7% |
| Trade receivables | 40 | €53,547 | €89,489 | +€35,942 | +67.1% |
| Other amounts receivable | 41 | €11,578 | €24,254 | +€12,676 | +109% |
| Cash at bank and in hand | 54/58 | €1,272 | €473 | -€798 | -62.8% |
| Total equity and liabilities | 10/49 | €66,396 | €142,475 | +€76,079 | +115% |
| Equity | 10/15 | -€22,160 | -€887 | +€21,273 | +96.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,160 | -€18,887 | +€21,273 | +53.0% |
| Amounts payable | 17/49 | €88,556 | €143,362 | +€54,806 | +61.9% |
| Amounts payable within one year | 42/48 | €88,556 | €143,362 | +€54,806 | +61.9% |
| Trade debts | 44 | €8,773 | €16,794 | +€8,021 | +91.4% |
| Suppliers | 440/4 | €8,773 | €16,794 | +€8,021 | +91.4% |
| Taxes, remuneration and social security | 45 | €912 | €1,583 | +€672 | +73.7% |
| Taxes | 450/3 | €912 | €1,583 | +€672 | +73.7% |
| Other amounts payable | 47/48 | €78,872 | €124,985 | +€46,113 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,340 | +€1,340 | |
| Other operating charges | 640/8 | €513 | €1,187 | +€674 | +131% |
| Gross operating margin | 9900 | €4,666 | €23,389 | +€18,723 | +401% |
| Operating profit (loss) | 9901 | €4,152 | €20,862 | +€16,710 | +402% |
| Financial income | 75/76B | €457 | €539 | +€82 | +17.9% |
| Recurring financial income | 75 | €457 | €539 | +€82 | +17.9% |
| Financial charges | 65/66B | €79 | €128 | +€48 | +60.7% |
| Recurring financial charges | 65 | €79 | €128 | +€48 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €4,530 | €21,273 | +€16,743 | +370% |
| Profit (loss) for the period | 9904 | €4,530 | €21,273 | +€16,743 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €4,530 | €21,273 | +€16,743 | +370% |
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 14 October 2026 via checked.be.