CONSTRUCT'ART: 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'ART
Largest movements
- Receivables within one year -€46,601
down €46,601 (-38.0%), from €122,537 to €75,936
of which Trade receivables: -€49,828
- Deferred charges and accrued income -€8,041
down €8,041 (-47.8%), from €16,825 to €8,783
- Tangible fixed assets +€6,785
up €6,785 (+1.6%), from €419,786 to €426,570
of which Plant, machinery and equipment: +€9,851
- Trade debts -€26,368
down €26,368 (-38.4%), from €68,741 to €42,372
- Other debts -€16,480
down €16,480 (-9.9%), from €166,670 to €150,190
- Debts after one year -€15,473
down €15,473 (-6.8%), from €229,104 to €213,631
- Reserves +€10,000
up €10,000 (+56.9%), from €17,560 to €27,560
of which Distributable reserves: +€10,000
- Gross operating margin -€11,838
down €11,838 (-13.3%), from €88,911 to €77,073
- Depreciation -€3,679
down €3,679 (-7.1%), from €52,113 to €48,434
- Financial income +€2,945
up €2,945 (+333.0%), from €884 to €3,829
- Other operating charges +€1,981
up €1,981 (+64.3%), from €3,080 to €5,060
- Taxes +€1,308
up €1,308 (+32.8%), from €3,981 to €5,289
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 | €571,368 | €522,594 | -€48,774 | -8.5% |
| Fixed assets | 21/28 | €421,332 | €427,217 | +€5,886 | +1.4% |
| Intangible fixed assets | 21 | €1,431 | €532 | -€899 | -62.8% |
| Tangible fixed assets | 22/27 | €419,786 | €426,570 | +€6,785 | +1.6% |
| Land and buildings | 22 | €351,768 | €350,755 | -€1,012 | -0.3% |
| Plant, machinery and equipment | 23 | €56,123 | €65,974 | +€9,851 | +17.6% |
| Furniture and vehicles | 24 | €11,895 | €9,841 | -€2,054 | -17.3% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €150,037 | €95,376 | -€54,660 | -36.4% |
| Stocks and contracts in progress | 3 | €8,240 | €4,225 | -€4,015 | -48.7% |
| Stocks | 30/36 | €8,240 | €4,225 | -€4,015 | -48.7% |
| Amounts receivable within one year | 40/41 | €122,537 | €75,936 | -€46,601 | -38.0% |
| Trade receivables | 40 | €120,079 | €70,251 | -€49,828 | -41.5% |
| Other amounts receivable | 41 | €2,458 | €5,685 | +€3,227 | +131.3% |
| Cash at bank and in hand | 54/58 | €2,435 | €6,432 | +€3,997 | +164.2% |
| Deferred charges and accrued income | 490/1 | €16,825 | €8,783 | -€8,041 | -47.8% |
| Total equity and liabilities | 10/49 | €571,368 | €522,594 | -€48,774 | -8.5% |
| Equity | 10/15 | €84,136 | €94,649 | +€10,513 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,560 | €27,560 | +€10,000 | +56.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,700 | €15,700 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €60,376 | €60,889 | +€513 | +0.8% |
| Amounts payable | 17/49 | €487,232 | €427,945 | -€59,287 | -12.2% |
| Amounts payable after more than one year | 17 | €229,104 | €213,631 | -€15,473 | -6.8% |
| Financial debts | 170/4 | €229,104 | €213,631 | -€15,473 | -6.8% |
| Amounts payable within one year | 42/48 | €257,538 | €213,706 | -€43,833 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €15,017 | €15,473 | +€455 | +3.0% |
| Financial debts | 43 | €440 | €368 | -€72 | -16.5% |
| Credit institutions | 430/8 | €440 | €368 | -€72 | -16.5% |
| Trade debts | 44 | €68,741 | €42,372 | -€26,368 | -38.4% |
| Suppliers | 440/4 | €68,741 | €42,372 | -€26,368 | -38.4% |
| Taxes, remuneration and social security | 45 | €6,670 | €5,303 | -€1,367 | -20.5% |
| Taxes | 450/3 | €5,105 | €5,289 | +€184 | +3.6% |
| Remuneration and social security | 454/9 | €1,565 | €14 | -€1,551 | -99.1% |
| Other amounts payable | 47/48 | €166,670 | €150,190 | -€16,480 | -9.9% |
| Accrued charges and deferred income | 492/3 | €590 | €609 | +€19 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,113 | €48,434 | -€3,679 | -7.1% |
| Other operating charges | 640/8 | €3,080 | €5,060 | +€1,981 | +64.3% |
| Gross operating margin | 9900 | €88,911 | €77,073 | -€11,838 | -13.3% |
| Operating profit (loss) | 9901 | €33,718 | €23,579 | -€10,139 | -30.1% |
| Financial income | 75/76B | €884 | €3,829 | +€2,945 | +333.0% |
| Recurring financial income | 75 | €884 | €3,829 | +€2,945 | +333.0% |
| Financial charges | 65/66B | €12,275 | €11,606 | -€669 | -5.5% |
| Recurring financial charges | 65 | €12,275 | €11,606 | -€669 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €22,327 | €15,801 | -€6,526 | -29.2% |
| Income taxes | 67/77 | €3,981 | €5,289 | +€1,308 | +32.8% |
| Profit (loss) for the period | 9904 | €18,346 | €10,513 | -€7,833 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,346 | €10,513 | -€7,833 | -42.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.