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
- Stocks and contracts +€393,859
up €393,859 (+199%), from €198,366 to €592,225
- Cash -€19,403
down €19,403 (-94.8%), from €20,473 to €1,070
mainly Stocks and contracts (-€393,859) and Other debts (-€215,630)
- Receivables within one year +€10,573
up €10,573 (+310%), from €3,407 to €13,979
- Debts after one year +€622,509
new in 2025: €622,509
- Other debts -€215,630
down €215,630 (-100%), from €215,630 to €0
- Profit (loss) carried forward -€25,134
down €25,134 (-476%), from -€5,285 to -€30,419
- Financial charges +€19,099
up €19,099 (+1,037%), from €1,842 to €20,941
- Gross operating margin -€2,343
down €2,343 (-56.3%), from -€4,161 to -€6,504
- Financial income +€1,077
up €1,077 (+76.6%), from €1,405 to €2,482
- Other operating charges -€517
down €517 (-75.2%), from €687 to €171
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 | €228,048 | €611,755 | +€383,706 | +168% |
| Current assets | 29/58 | €228,048 | €611,755 | +€383,706 | +168% |
| Stocks and contracts in progress | 3 | €198,366 | €592,225 | +€393,859 | +199% |
| Stocks | 30/36 | €198,366 | €592,225 | +€393,859 | +199% |
| Amounts receivable within one year | 40/41 | €3,407 | €13,979 | +€10,573 | +310% |
| Other amounts receivable | 41 | €3,407 | €13,979 | +€10,573 | +310% |
| Cash at bank and in hand | 54/58 | €20,473 | €1,070 | -€19,403 | -94.8% |
| Deferred charges and accrued income | 490/1 | €5,803 | €4,481 | -€1,322 | -22.8% |
| Total equity and liabilities | 10/49 | €228,048 | €611,755 | +€383,706 | +168% |
| Equity | 10/15 | €9,715 | -€15,419 | -€25,134 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,285 | -€30,419 | -€25,134 | -476% |
| Amounts payable | 17/49 | €218,333 | €627,173 | +€408,840 | +187% |
| Amounts payable after more than one year | 17 | - | €622,509 | +€622,509 | |
| Other amounts payable | 178/9 | - | €622,509 | +€622,509 | |
| Amounts payable within one year | 42/48 | €218,333 | €4,430 | -€213,904 | -98.0% |
| Trade debts | 44 | €2,703 | €4,430 | +€1,726 | +63.8% |
| Suppliers | 440/4 | €2,703 | €4,430 | +€1,726 | +63.8% |
| Other amounts payable | 47/48 | €215,630 | €0 | -€215,630 | -100% |
| Accrued charges and deferred income | 492/3 | - | €235 | +€235 | |
| Other operating charges | 640/8 | €687 | €171 | -€517 | -75.2% |
| Gross operating margin | 9900 | -€4,161 | -€6,504 | -€2,343 | -56.3% |
| Operating profit (loss) | 9901 | -€4,848 | -€6,674 | -€1,826 | -37.7% |
| Financial income | 75/76B | €1,405 | €2,482 | +€1,077 | +76.6% |
| Recurring financial income | 75 | €1,405 | €2,482 | +€1,077 | +76.6% |
| Financial charges | 65/66B | €1,842 | €20,941 | +€19,099 | +1,037% |
| Recurring financial charges | 65 | €1,842 | €20,941 | +€19,099 | +1,037% |
| Profit (loss) for the period before taxes | 9903 | -€5,285 | -€25,134 | -€19,849 | -376% |
| Profit (loss) for the period | 9904 | -€5,285 | -€25,134 | -€19,849 | -376% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,285 | -€25,134 | -€19,849 | -376% |
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 15 October 2026 via checked.be.