CONSTRUCT BE: 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 BE
Largest movements
- Receivables within one year -€750,256
down €750,256 (-45.4%), from €1.7m to €901,361
of which Trade receivables: -€830,083
- Stocks and contracts -€175,050
down €175,050 (-48.3%), from €362,550 to €187,500
- Cash -€73,038
down €73,038 (-99.7%), from €73,245 to €207
mainly Short-term financial debts (-€650,000) and Trade debts (-€531,083)
- Short-term financial debts -€650,000
no longer reported in 2025 (was €650,000)
- Trade debts -€531,083
down €531,083 (-99.7%), from €532,850 to €1,767
- Other debts +€360,032
up €360,032 (+102%), from €353,988 to €714,020
- Advances received -€104,177
no longer reported in 2025 (was €104,177)
- Profit (loss) carried forward -€77,783
new in 2025: -€77,783
- Turnover -€696,472
down €696,472 (-36.9%), from €1.9m to €1.2m
- Purchases and services -€578,562
down €578,562 (-31.6%), from €1.8m to €1.3m
- Gross operating margin -€117,910
down €117,910, from €51,935 to -€65,975
- Financial charges -€35,184
down €35,184 (-56.2%), from €62,604 to €27,420
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 | €2,087,411 | €1,089,068 | -€998,344 | -47.8% |
| Current assets | 29/58 | €2,087,411 | €1,089,068 | -€998,344 | -47.8% |
| Stocks and contracts in progress | 3 | €362,550 | €187,500 | -€175,050 | -48.3% |
| Stocks | 30/36 | €362,550 | €187,500 | -€175,050 | -48.3% |
| Amounts receivable within one year | 40/41 | €1,651,617 | €901,361 | -€750,256 | -45.4% |
| Trade receivables | 40 | €830,083 | - | -€830,083 | |
| Other amounts receivable | 41 | €821,534 | €901,361 | +€79,827 | +9.7% |
| Cash at bank and in hand | 54/58 | €73,245 | €207 | -€73,038 | -99.7% |
| Total equity and liabilities | 10/49 | €2,087,411 | €1,089,068 | -€998,344 | -47.8% |
| Equity | 10/15 | €11,822 | -€65,961 | -€77,783 | |
| Contributions | 10/11 | €6,204 | €6,204 | = | 0.0% |
| Reserves | 13 | €5,618 | €5,618 | = | 0.0% |
| Distributable reserves | 133 | €5,618 | €5,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€77,783 | -€77,783 | |
| Amounts payable | 17/49 | €2,075,589 | €1,155,028 | -€920,561 | -44.4% |
| Amounts payable within one year | 42/48 | €2,075,220 | €1,155,028 | -€920,192 | -44.3% |
| Financial debts | 43 | €650,000 | - | -€650,000 | |
| Credit institutions | 430/8 | €650,000 | - | -€650,000 | |
| Trade debts | 44 | €532,850 | €1,767 | -€531,083 | -99.7% |
| Suppliers | 440/4 | €532,850 | €1,767 | -€531,083 | -99.7% |
| Advances received on contracts in progress | 46 | €104,177 | - | -€104,177 | |
| Taxes, remuneration and social security | 45 | €434,205 | €439,241 | +€5,036 | +1.2% |
| Taxes | 450/3 | €434,205 | €439,241 | +€5,036 | +1.2% |
| Other amounts payable | 47/48 | €353,988 | €714,020 | +€360,032 | +102% |
| Accrued charges and deferred income | 492/3 | €369 | - | -€369 | |
| Turnover | 70 | €1,885,537 | €1,189,065 | -€696,472 | -36.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,833,602 | €1,255,040 | -€578,562 | -31.6% |
| Other operating charges | 640/8 | €1,880 | €1,164 | -€716 | -38.1% |
| Gross operating margin | 9900 | €51,935 | -€65,975 | -€117,910 | |
| Operating profit (loss) | 9901 | €50,056 | -€67,139 | -€117,195 | |
| Financial income | 75/76B | €12,715 | €16,776 | +€4,061 | +31.9% |
| Recurring financial income | 75 | €12,715 | €16,776 | +€4,061 | +31.9% |
| Financial charges | 65/66B | €62,604 | €27,420 | -€35,184 | -56.2% |
| Recurring financial charges | 65 | €62,604 | €27,420 | -€35,184 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €167 | -€77,783 | -€77,950 | |
| Profit (loss) for the period | 9904 | €167 | -€77,783 | -€77,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €167 | -€77,783 | -€77,950 |
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 30 October 2026 via checked.be.