Construct CSE 2 Equilis: 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 CSE 2 Equilis
Largest movements
- Stocks and contracts +€4.1m
up €4.1m (+74.6%), from €5.5m to €9.6m
- Receivables within one year +€350,180
up €350,180 (+274%), from €127,830 to €478,010
of which Other amounts receivable: +€369,023
- Debts after one year +€4.4m
up €4.4m (+80.4%), from €5.5m to €10.0m
of which Financial debts: +€2.5m
- Trade debts +€144,234
up €144,234 (+94.6%), from €152,519 to €296,753
- Profit (loss) carried forward -€105,510
down €105,510 (-159%), from -€66,505 to -€172,014
- Services and other goods +€2.0m
up €2.0m (+107%), from €1.8m to €3.8m
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 | €5,673,584 | €10,155,768 | +€4.5m | +79.0% |
| Current assets | 29/58 | €5,673,584 | €10,155,768 | +€4.5m | +79.0% |
| Stocks and contracts in progress | 3 | €5,512,679 | €9,627,628 | +€4.1m | +74.6% |
| Contracts in progress | 37 | €5,512,679 | €9,627,628 | +€4.1m | +74.6% |
| Amounts receivable within one year | 40/41 | €127,830 | €478,010 | +€350,180 | +274% |
| Trade receivables | 40 | €18,904 | €60 | -€18,843 | -99.7% |
| Other amounts receivable | 41 | €108,926 | €477,949 | +€369,023 | +339% |
| Cash at bank and in hand | 54/58 | €33,075 | €18,331 | -€14,744 | -44.6% |
| Deferred charges and accrued income | 490/1 | - | €31,799 | +€31,799 | |
| Total equity and liabilities | 10/49 | €5,673,584 | €10,155,768 | +€4.5m | +79.0% |
| Equity | 10/15 | -€5,005 | -€110,514 | -€105,510 | -2,108% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,505 | -€172,014 | -€105,510 | -159% |
| Amounts payable | 17/49 | €5,678,588 | €10,266,283 | +€4.6m | +80.8% |
| Amounts payable after more than one year | 17 | €5,526,070 | €9,969,530 | +€4.4m | +80.4% |
| Financial debts | 170/4 | - | €2,510,000 | +€2.5m | |
| Credit institutions | 173 | - | €2,510,000 | +€2.5m | |
| Other amounts payable | 178/9 | €5,526,070 | €7,459,530 | +€1.9m | +35.0% |
| Amounts payable within one year | 42/48 | €152,519 | €296,753 | +€144,234 | +94.6% |
| Trade debts | 44 | €152,519 | €296,753 | +€144,234 | +94.6% |
| Suppliers | 440/4 | €152,519 | €296,753 | +€144,234 | +94.6% |
| Operating income | 70/76A | €1,932,782 | €3,811,490 | +€1.9m | +97.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,920,608 | €3,811,490 | +€1.9m | +98.5% |
| Other operating income | 74 | €12,174 | - | -€12,174 | |
| Operating charges | 60/66A | €1,965,425 | €3,856,569 | +€1.9m | +96.2% |
| Services and other goods | 61 | €1,845,121 | €3,825,212 | +€2.0m | +107% |
| Other operating charges | 640/8 | €120,304 | €31,357 | -€88,947 | -73.9% |
| Operating profit (loss) | 9901 | -€32,643 | -€45,080 | -€12,437 | -38.1% |
| Financial charges | 65/66B | €616 | €60,430 | +€59,814 | +9,716% |
| Recurring financial charges | 65 | €616 | €60,430 | +€59,814 | +9,716% |
| Debt charges | 650 | - | €24,103 | +€24,103 | |
| Other financial charges | 652/9 | €616 | €36,327 | +€35,711 | +5,801% |
| Profit (loss) for the period before taxes | 9903 | -€33,259 | -€105,510 | -€72,251 | -217% |
| Profit (loss) for the period | 9904 | -€33,259 | -€105,510 | -€72,251 | -217% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,259 | -€105,510 | -€72,251 | -217% |
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 20 October 2026 via checked.be.