CONSTRUCT PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€29,629
up €29,629 (+41.0%), from €72,269 to €101,898
of which Trade receivables: +€46,237
- Tangible fixed assets -€14,444
down €14,444 (-58.0%), from €24,907 to €10,463
of which Furniture and vehicles: -€14,444
- Cash -€12,388
down €12,388 (-6.8%), from €181,480 to €169,092
mainly Net result for the year (-€73,509) and Receivables within one year (-€29,629)
- Deferred charges and accrued income +€3,984
up €3,984 (+98.2%), from €4,056 to €8,039
- Profit (loss) carried forward -€73,509
down €73,509, from €0 to -€73,509
- Trade debts +€68,065
up €68,065 (+56.4%), from €120,786 to €188,851
- Other debts +€8,947
up €8,947 (+23.6%), from €37,857 to €46,804
- Gross operating margin -€113,000
down €113,000 (-81.3%), from €138,995 to €25,995
- Taxes -€11,068
down €11,068 (-100.0%), from €11,068 to €0
- Financial income -€10,011
down €10,011 (-98.9%), from €10,126 to €114
- Depreciation -€7,286
down €7,286 (-29.5%), from €24,697 to €17,410
- Staff costs -€5,839
down €5,839 (-7.5%), from €78,123 to €72,284
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 | €314,710 | €320,771 | +€6,061 | +1.9% |
| Fixed assets | 21/28 | €42,464 | €25,801 | -€16,663 | -39.2% |
| Intangible fixed assets | 21 | €17,557 | €15,338 | -€2,219 | -12.6% |
| Tangible fixed assets | 22/27 | €24,907 | €10,463 | -€14,444 | -58.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €24,907 | €10,463 | -€14,444 | -58.0% |
| Current assets | 29/58 | €272,245 | €294,970 | +€22,724 | +8.3% |
| Stocks and contracts in progress | 3 | €14,440 | €15,940 | +€1,500 | +10.4% |
| Stocks | 30/36 | €14,440 | €15,940 | +€1,500 | +10.4% |
| Amounts receivable within one year | 40/41 | €72,269 | €101,898 | +€29,629 | +41.0% |
| Trade receivables | 40 | €36,902 | €83,139 | +€46,237 | +125.3% |
| Other amounts receivable | 41 | €35,367 | €18,759 | -€16,608 | -47.0% |
| Cash at bank and in hand | 54/58 | €181,480 | €169,092 | -€12,388 | -6.8% |
| Deferred charges and accrued income | 490/1 | €4,056 | €8,039 | +€3,984 | +98.2% |
| Total equity and liabilities | 10/49 | €314,710 | €320,771 | +€6,061 | +1.9% |
| Equity | 10/15 | €84,816 | €11,307 | -€73,509 | -86.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €69,816 | €69,816 | = | 0.0% |
| Distributable reserves | 133 | €69,816 | €69,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€73,509 | -€73,509 | |
| Amounts payable | 17/49 | €229,894 | €309,464 | +€79,570 | +34.6% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,894 | €237,064 | +€77,170 | +48.3% |
| Trade debts | 44 | €120,786 | €188,851 | +€68,065 | +56.4% |
| Suppliers | 440/4 | €120,786 | €188,851 | +€68,065 | +56.4% |
| Taxes, remuneration and social security | 45 | €1,251 | €1,409 | +€159 | +12.7% |
| Taxes | 450/3 | €0 | €1,409 | +€1,409 | |
| Remuneration and social security | 454/9 | €1,251 | €0 | -€1,251 | -100.0% |
| Other amounts payable | 47/48 | €37,857 | €46,804 | +€8,947 | +23.6% |
| Accrued charges and deferred income | 492/3 | €0 | €2,400 | +€2,400 | |
| Remuneration, social security and pensions | 62 | €78,123 | €72,284 | -€5,839 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,697 | €17,410 | -€7,286 | -29.5% |
| Other operating charges | 640/8 | €1,391 | €6,176 | +€4,785 | +344.0% |
| Gross operating margin | 9900 | €138,995 | €25,995 | -€113,000 | -81.3% |
| Operating profit (loss) | 9901 | €34,785 | -€69,875 | -€104,660 | |
| Financial income | 75/76B | €10,126 | €114 | -€10,011 | -98.9% |
| Recurring financial income | 75 | €10,126 | €114 | -€10,011 | -98.9% |
| Financial charges | 65/66B | €3,490 | €3,748 | +€258 | +7.4% |
| Recurring financial charges | 65 | €3,490 | €3,748 | +€258 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €41,420 | -€73,509 | -€114,929 | |
| Income taxes | 67/77 | €11,068 | €0 | -€11,068 | -100.0% |
| Profit (loss) for the period | 9904 | €30,353 | -€73,509 | -€103,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,353 | -€73,509 | -€103,862 |
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 9 October 2026 via checked.be.