Construct L&F: 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 L&F
Largest movements
- Cash +€11,405
up €11,405 (+65.4%), from €17,448 to €28,854
mainly Net result for the year (+€9,186) and Tax, wage and social debts (+€4,485)
- Receivables within one year +€4,006
up €4,006 (+15.0%), from €26,781 to €30,786
of which Other amounts receivable: +€4,673
- Deferred charges and accrued income +€1,763
up €1,763 (+274%), from €643 to €2,406
- Reserves +€9,186
up €9,186 (+39.9%), from €23,037 to €32,223
of which Distributable reserves: +€9,186
- Tax, wage and social debts +€4,485
up €4,485 (+303%), from €1,482 to €5,967
- Trade debts +€3,503
up €3,503 (+200%), from €1,753 to €5,256
- Write-downs -€4,953
down €4,953 (-100%), from €4,953 to €0
- Taxes +€4,462
up €4,462 (+404%), from €1,106 to €5,568
- Gross operating margin +€3,750
up €3,750 (+33.2%), from €11,283 to €15,032
- Depreciation -€819
down €819 (-100%), from €819 to €0
- Financial income +€356
up €356 (+31.7%), from €1,124 to €1,480
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 | €44,872 | €62,046 | +€17,174 | +38.3% |
| Current assets | 29/58 | €44,872 | €62,046 | +€17,174 | +38.3% |
| Amounts receivable within one year | 40/41 | €26,781 | €30,786 | +€4,006 | +15.0% |
| Trade receivables | 40 | €3,398 | €2,731 | -€668 | -19.6% |
| Other amounts receivable | 41 | €23,382 | €28,055 | +€4,673 | +20.0% |
| Cash at bank and in hand | 54/58 | €17,448 | €28,854 | +€11,405 | +65.4% |
| Deferred charges and accrued income | 490/1 | €643 | €2,406 | +€1,763 | +274% |
| Total equity and liabilities | 10/49 | €44,872 | €62,046 | +€17,174 | +38.3% |
| Equity | 10/15 | €41,637 | €50,823 | +€9,186 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,037 | €32,223 | +€9,186 | +39.9% |
| 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 | €21,177 | €30,363 | +€9,186 | +43.4% |
| Amounts payable | 17/49 | €3,235 | €11,223 | +€7,988 | +247% |
| Amounts payable within one year | 42/48 | €3,235 | €11,223 | +€7,988 | +247% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,753 | €5,256 | +€3,503 | +200% |
| Suppliers | 440/4 | €1,753 | €5,256 | +€3,503 | +200% |
| Taxes, remuneration and social security | 45 | €1,482 | €5,967 | +€4,485 | +303% |
| Taxes | 450/3 | €1,482 | €5,967 | +€4,485 | +303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €0 | -€819 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,953 | €0 | -€4,953 | -100% |
| Other operating charges | 640/8 | €1,067 | €1,067 | -€0 | 0.0% |
| Gross operating margin | 9900 | €11,283 | €15,032 | +€3,750 | +33.2% |
| Operating profit (loss) | 9901 | €4,444 | €13,966 | +€9,522 | +214% |
| Financial income | 75/76B | €1,124 | €1,480 | +€356 | +31.7% |
| Recurring financial income | 75 | €1,124 | €1,480 | +€356 | +31.7% |
| Financial charges | 65/66B | €859 | €692 | -€167 | -19.4% |
| Recurring financial charges | 65 | €859 | €692 | -€167 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €4,709 | €14,754 | +€10,045 | +213% |
| Income taxes | 67/77 | €1,106 | €5,568 | +€4,462 | +404% |
| Profit (loss) for the period | 9904 | €3,603 | €9,186 | +€5,583 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €3,603 | €9,186 | +€5,583 | +155% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.