CONSTRUCT DEBLANDER: what changed
Two fiscal 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 DEBLANDER
Largest movements
- Cash -€90,686
down €90,686 (-58.6%), from €154,741 to €64,055
mainly Trade debts (-€49,998) and Tax, wage and social debts (-€23,632)
- Receivables within one year +€14,344
up €14,344 (+13.8%), from €103,809 to €118,152
of which Trade receivables: +€11,255
- Receivables after one year +€3,600
new in 2025: €3,600
- Trade debts -€49,998
down €49,998 (-98.8%), from €50,620 to €622
- Tax, wage and social debts -€23,632
down €23,632 (-16.7%), from €141,672 to €118,040
of which Taxes: -€46,779
- Staff costs +€30,297
up €30,297 (+10.8%), from €279,709 to €310,006
- Gross operating margin -€28,150
down €28,150 (-7.8%), from €362,980 to €334,829
- Taxes -€13,582
down €13,582 (-87.9%), from €15,454 to €1,872
- Other operating charges +€6,851
up €6,851 (+466.8%), from €1,468 to €8,319
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 | €283,453 | €210,908 | -€72,545 | -25.6% |
| Fixed assets | 21/28 | €15,505 | €18,212 | +€2,707 | +17.5% |
| Tangible fixed assets | 22/27 | €12,457 | €15,164 | +€2,707 | +21.7% |
| Plant, machinery and equipment | 23 | €5,251 | €4,863 | -€388 | -7.4% |
| Furniture and vehicles | 24 | €7,206 | €10,301 | +€3,095 | +43.0% |
| Financial fixed assets | 28 | €3,048 | €3,048 | = | 0.0% |
| Current assets | 29/58 | €267,948 | €192,697 | -€75,251 | -28.1% |
| Amounts receivable after more than one year | 29 | - | €3,600 | +€3,600 | |
| Trade receivables | 290 | - | €3,600 | +€3,600 | |
| Amounts receivable within one year | 40/41 | €103,809 | €118,152 | +€14,344 | +13.8% |
| Trade receivables | 40 | €44,166 | €55,421 | +€11,255 | +25.5% |
| Other amounts receivable | 41 | €59,643 | €62,731 | +€3,088 | +5.2% |
| Cash at bank and in hand | 54/58 | €154,741 | €64,055 | -€90,686 | -58.6% |
| Deferred charges and accrued income | 490/1 | €9,398 | €6,889 | -€2,509 | -26.7% |
| Total equity and liabilities | 10/49 | €283,453 | €210,908 | -€72,545 | -25.6% |
| Equity | 10/15 | €90,607 | €91,093 | +€486 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,034 | €67,034 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,174 | €65,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,973 | €5,459 | +€486 | +9.8% |
| Amounts payable | 17/49 | €192,846 | €119,815 | -€73,031 | -37.9% |
| Amounts payable within one year | 42/48 | €192,846 | €119,815 | -€73,031 | -37.9% |
| Financial debts | 43 | €436 | €1,153 | +€717 | +164.3% |
| Credit institutions | 430/8 | €436 | - | -€436 | |
| Other loans | 439 | - | €1,153 | +€1,153 | |
| Trade debts | 44 | €50,620 | €622 | -€49,998 | -98.8% |
| Suppliers | 440/4 | €50,620 | €622 | -€49,998 | -98.8% |
| Advances received on contracts in progress | 46 | €117 | - | -€117 | |
| Taxes, remuneration and social security | 45 | €141,672 | €118,040 | -€23,632 | -16.7% |
| Taxes | 450/3 | €74,385 | €27,606 | -€46,779 | -62.9% |
| Remuneration and social security | 454/9 | €67,288 | €90,434 | +€23,147 | +34.4% |
| Remuneration, social security and pensions | 62 | €279,709 | €310,006 | +€30,297 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,262 | €8,391 | +€3,130 | +59.5% |
| Other operating charges | 640/8 | €1,468 | €8,319 | +€6,851 | +466.8% |
| Gross operating margin | 9900 | €362,980 | €334,829 | -€28,150 | -7.8% |
| Operating profit (loss) | 9901 | €76,541 | €8,113 | -€68,429 | -89.4% |
| Financial income | 75/76B | €70 | €399 | +€329 | +473.2% |
| Recurring financial income | 75 | €70 | €399 | +€329 | +473.2% |
| Financial charges | 65/66B | €2,858 | €6,154 | +€3,296 | +115.3% |
| Recurring financial charges | 65 | €2,858 | €1,537 | -€1,321 | -46.2% |
| Non-recurring financial charges | 66B | - | €4,617 | +€4,617 | |
| Profit (loss) for the period before taxes | 9903 | €73,753 | €2,358 | -€71,395 | -96.8% |
| Income taxes | 67/77 | €15,454 | €1,872 | -€13,582 | -87.9% |
| Profit (loss) for the period | 9904 | €58,299 | €486 | -€57,813 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,299 | €486 | -€57,813 | -99.2% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.