CONSTRUCT'A: 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'A
Largest movements
- Receivables within one year -€100,251
down €100,251 (-93.0%), from €107,828 to €7,578
of which Other amounts receivable: -€75,210
- Receivables after one year +€85,000
new in 2025: €85,000
- Cash -€30,847
down €30,847 (-27.0%), from €114,422 to €83,575
mainly Receivables after one year (-€85,000) and Other debts (-€62,956)
- Tangible fixed assets -€7,510
down €7,510 (-32.0%), from €23,440 to €15,931
of which Furniture and vehicles: -€3,793
- Other debts -€62,956
down €62,956 (-69.3%), from €90,791 to €27,835
- Reserves +€16,734
up €16,734 (+12.6%), from €133,302 to €150,036
- Current portion of long-term debt -€6,135
down €6,135 (-69.5%), from €8,825 to €2,691
- Gross operating margin -€28,896
down €28,896 (-46.8%), from €61,699 to €32,803
- Taxes -€5,615
down €5,615 (-53.4%), from €10,519 to €4,904
- Depreciation -€626
down €626 (-7.7%), from €8,135 to €7,510
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 | €248,469 | €194,760 | -€53,709 | -21.6% |
| Fixed assets | 21/28 | €25,440 | €17,931 | -€7,510 | -29.5% |
| Tangible fixed assets | 22/27 | €23,440 | €15,931 | -€7,510 | -32.0% |
| Plant, machinery and equipment | 23 | €10,161 | €6,444 | -€3,717 | -36.6% |
| Furniture and vehicles | 24 | €13,280 | €9,487 | -€3,793 | -28.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €223,029 | €176,829 | -€46,200 | -20.7% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Trade receivables | 290 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €107,828 | €7,578 | -€100,251 | -93.0% |
| Trade receivables | 40 | €25,040 | - | -€25,040 | |
| Other amounts receivable | 41 | €82,788 | €7,578 | -€75,210 | -90.8% |
| Cash at bank and in hand | 54/58 | €114,422 | €83,575 | -€30,847 | -27.0% |
| Deferred charges and accrued income | 490/1 | €778 | €676 | -€103 | -13.2% |
| Total equity and liabilities | 10/49 | €248,469 | €194,760 | -€53,709 | -21.6% |
| Equity | 10/15 | €139,302 | €156,036 | +€16,734 | +12.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €133,302 | €150,036 | +€16,734 | +12.6% |
| Distributable reserves | 133 | €133,302 | €150,036 | +€16,734 | +12.6% |
| Amounts payable | 17/49 | €109,168 | €38,724 | -€70,444 | -64.5% |
| Amounts payable within one year | 42/48 | €109,168 | €38,724 | -€70,444 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €8,825 | €2,691 | -€6,135 | -69.5% |
| Trade debts | 44 | €4,694 | €4,669 | -€25 | -0.5% |
| Suppliers | 440/4 | €4,694 | €4,669 | -€25 | -0.5% |
| Taxes, remuneration and social security | 45 | €4,858 | €3,530 | -€1,328 | -27.3% |
| Taxes | 450/3 | €865 | €927 | +€61 | +7.1% |
| Remuneration and social security | 454/9 | €3,993 | €2,603 | -€1,389 | -34.8% |
| Other amounts payable | 47/48 | €90,791 | €27,835 | -€62,956 | -69.3% |
| Remuneration, social security and pensions | 62 | €2,107 | €2,093 | -€13 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,135 | €7,510 | -€626 | -7.7% |
| Other operating charges | 640/8 | €1,343 | €1,338 | -€5 | -0.4% |
| Gross operating margin | 9900 | €61,699 | €32,803 | -€28,896 | -46.8% |
| Operating profit (loss) | 9901 | €50,115 | €21,863 | -€28,252 | -56.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €260 | €225 | -€35 | -13.4% |
| Recurring financial charges | 65 | €260 | €225 | -€35 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €49,855 | €21,638 | -€28,218 | -56.6% |
| Income taxes | 67/77 | €10,519 | €4,904 | -€5,615 | -53.4% |
| Profit (loss) for the period | 9904 | €39,337 | €16,734 | -€22,603 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,337 | €16,734 | -€22,603 | -57.5% |
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 10 October 2026 via checked.be.