CONSTRUCT 2020: 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 2020
Largest movements
- Cash -€64,606
down €64,606 (-22.1%), from €291,969 to €227,363
mainly Tax, wage and social debts (-€62,458) and Net result for the year (-€1,439)
- Tax, wage and social debts -€62,458
down €62,458 (-100%), from €62,458 to €0
- Gross operating margin +€3,296
up €3,296 (+53.1%), from -€6,212 to -€2,916
- Financial income -€2,037
down €2,037 (-48.5%), from €4,199 to €2,162
- Financial charges -€704
down €704 (-81.5%), from €863 to €159
- Other operating charges -€442
down €442 (-45.7%), from €968 to €526
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 | €298,536 | €233,869 | -€64,667 | -21.7% |
| Current assets | 29/58 | €298,536 | €233,869 | -€64,667 | -21.7% |
| Amounts receivable within one year | 40/41 | €6,567 | €6,507 | -€61 | -0.9% |
| Trade receivables | 40 | €3,830 | €3,830 | = | 0.0% |
| Other amounts receivable | 41 | €2,738 | €2,677 | -€61 | -2.2% |
| Cash at bank and in hand | 54/58 | €291,969 | €227,363 | -€64,606 | -22.1% |
| Total equity and liabilities | 10/49 | €298,536 | €233,869 | -€64,667 | -21.7% |
| Equity | 10/15 | €233,466 | €232,027 | -€1,439 | -0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €183,466 | €182,027 | -€1,439 | -0.8% |
| Distributable reserves | 133 | €183,466 | €182,027 | -€1,439 | -0.8% |
| Amounts payable | 17/49 | €65,070 | €1,843 | -€63,228 | -97.2% |
| Amounts payable within one year | 42/48 | €65,070 | €1,843 | -€63,228 | -97.2% |
| Trade debts | 44 | €1,880 | €1,111 | -€770 | -40.9% |
| Suppliers | 440/4 | €1,880 | €1,111 | -€770 | -40.9% |
| Taxes, remuneration and social security | 45 | €62,458 | €0 | -€62,458 | -100% |
| Taxes | 450/3 | €62,458 | €0 | -€62,458 | -100% |
| Other amounts payable | 47/48 | €732 | €732 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €526 | -€442 | -45.7% |
| Gross operating margin | 9900 | -€6,212 | -€2,916 | +€3,296 | +53.1% |
| Operating profit (loss) | 9901 | -€7,180 | -€3,442 | +€3,737 | +52.1% |
| Financial income | 75/76B | €4,199 | €2,162 | -€2,037 | -48.5% |
| Recurring financial income | 75 | €4,199 | €2,162 | -€2,037 | -48.5% |
| Financial charges | 65/66B | €863 | €159 | -€704 | -81.5% |
| Recurring financial charges | 65 | €863 | €159 | -€704 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,843 | -€1,439 | +€2,404 | +62.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,843 | -€1,439 | +€2,404 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,843 | -€1,439 | +€2,404 | +62.5% |
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 25 October 2026 via checked.be.