Construct Profile: 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.
What changed
Construct Profile
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32,354
2024 · €52,112-€19,758
Equity
€2.4m
2024 · €2.3m+€32,354
Cash
€17,971
2024 · €158,678-€140,707
Balance sheet total
€8.3m
2024 · €8.3m+€48,425
Largest movements
Assets
- Financial fixed assets +€700,000
up €700,000 (+11.1%), from €6.3m to €7.0m
- Receivables after one year -€700,000
no longer reported in 2025 (was €700,000)
- Receivables within one year +€189,132
up €189,132 (+17.3%), from €1.1m to €1.3m
of which Other amounts receivable: +€187,009
- Cash -€140,707
down €140,707 (-88.7%), from €158,678 to €17,971
mainly Investment in fixed assets (net) (-€700,000) and Receivables within one year (-€189,132)
Equity and liabilities
- Debts after one year +€110,121
up €110,121 (+2.1%), from €5.3m to €5.4m
- Current portion of long-term debt -€105,772
down €105,772 (-49.5%), from €213,550 to €107,779
Income statement
- Financial charges +€26,962
up €26,962 (+9.5%), from €282,457 to €309,419
- Taxes -€7,075
down €7,075 (-39.6%), from €17,870 to €10,796
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.
Result 2024
€52,112
Turnover
+€1,414
Services and other goods
-€3,703
Other operating charges
-€33
Financial income
+€2,451
Financial charges
-€26,962
Taxes
+€7,075
Result 2025
€32,354
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.
From operations
+€558,944
Investment
-€700,000
Financing
+€349
Cash 2024
€158,678
From operations (derived)
+€558,944
Net result for the year
+€32,354
Receivables after one year
+€700,000
Receivables within one year
-€189,132
Trade debts
-€6,650
Tax, wage and social debts
-€65,559
Other debts
+€77,916
Accrued charges and deferred income
+€10,015
Investment (derived)
-€700,000
Investment in fixed assets (net)
-€700,000
Financing
+€349
Debts after one year
+€110,121
Current portion of long-term debt
-€105,772
Short-term financial debts
-€4,000
Cash 2025
€17,971
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,281,178 | €8,329,603 | +€48,425 | +0.6% |
| Fixed assets | 21/28 | €6,325,000 | €7,025,000 | +€700,000 | +11.1% |
| Financial fixed assets | 28 | €6,325,000 | €7,025,000 | +€700,000 | +11.1% |
| Affiliated companies | 280/1 | €6,325,000 | €7,025,000 | +€700,000 | +11.1% |
| Participating interests | 280 | €6,325,000 | €6,325,000 | = | 0.0% |
| Amounts receivable | 281 | - | €700,000 | +€700,000 | |
| Current assets | 29/58 | €1,956,178 | €1,304,603 | -€651,575 | -33.3% |
| Amounts receivable after more than one year | 29 | €700,000 | - | -€700,000 | |
| Other amounts receivable | 291 | €700,000 | - | -€700,000 | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,091,459 | €1,280,591 | +€189,132 | +17.3% |
| Trade receivables | 40 | €52,030 | €54,153 | +€2,123 | +4.1% |
| Other amounts receivable | 41 | €1,039,429 | €1,226,438 | +€187,009 | +18.0% |
| Cash at bank and in hand | 54/58 | €158,678 | €17,971 | -€140,707 | -88.7% |
| Deferred charges and accrued income | 490/1 | €6,041 | €6,041 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,281,178 | €8,329,603 | +€48,425 | +0.6% |
| Equity | 10/15 | €2,329,223 | €2,361,577 | +€32,354 | +1.4% |
| Contributions | 10/11 | €1,975,000 | €1,975,000 | = | 0.0% |
| Capital | 10 | €1,975,000 | €1,975,000 | = | 0.0% |
| Issued capital | 100 | €1,975,000 | €1,975,000 | = | 0.0% |
| Reserves | 13 | €17,711 | €19,329 | +€1,618 | +9.1% |
| Non-distributable reserves | 130/1 | €17,711 | €19,329 | +€1,618 | +9.1% |
| Legal reserve | 130 | €17,711 | €19,329 | +€1,618 | +9.1% |
| Profit (loss) carried forward | 14 | €336,511 | €367,248 | +€30,737 | +9.1% |
| Amounts payable | 17/49 | €5,951,955 | €5,968,026 | +€16,071 | +0.3% |
| Amounts payable after more than one year | 17 | €5,331,522 | €5,441,642 | +€110,121 | +2.1% |
| Financial debts | 170/4 | €5,331,522 | €5,441,642 | +€110,121 | +2.1% |
| Subordinated loans | 170 | €2,723,743 | €2,941,642 | +€217,899 | +8.0% |
| Credit institutions | 173 | €107,779 | €0 | -€107,779 | -100.0% |
| Other loans | 174 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €397,748 | €293,683 | -€104,065 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €213,550 | €107,779 | -€105,772 | -49.5% |
| Financial debts | 43 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Credit institutions | 430/8 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Trade debts | 44 | €13,290 | €6,640 | -€6,650 | -50.0% |
| Suppliers | 440/4 | €13,290 | €6,640 | -€6,650 | -50.0% |
| Taxes, remuneration and social security | 45 | €74,892 | €9,333 | -€65,559 | -87.5% |
| Taxes | 450/3 | €74,892 | €9,333 | -€65,559 | -87.5% |
| Other amounts payable | 47/48 | €76,016 | €153,932 | +€77,916 | +102.5% |
| Accrued charges and deferred income | 492/3 | €222,686 | €232,700 | +€10,015 | +4.5% |
| Operating income | 70/76A | €400,807 | €402,220 | +€1,414 | +0.4% |
| Turnover | 70 | €400,807 | €402,220 | +€1,414 | +0.4% |
| Operating charges | 60/66A | €90,951 | €94,687 | +€3,736 | +4.1% |
| Services and other goods | 61 | €89,665 | €93,368 | +€3,703 | +4.1% |
| Other operating charges | 640/8 | €1,286 | €1,318 | +€33 | +2.6% |
| Operating profit (loss) | 9901 | €309,856 | €307,534 | -€2,322 | -0.7% |
| Financial income | 75/76B | €42,584 | €45,035 | +€2,451 | +5.8% |
| Recurring financial income | 75 | €42,584 | €45,035 | +€2,451 | +5.8% |
| Income from financial fixed assets | 750 | - | €17,500 | +€17,500 | |
| Income from current assets | 751 | €42,584 | €27,535 | -€15,049 | -35.3% |
| Financial charges | 65/66B | €282,457 | €309,419 | +€26,962 | +9.5% |
| Recurring financial charges | 65 | €282,457 | €309,419 | +€26,962 | +9.5% |
| Debt charges | 650 | €282,319 | €309,329 | +€27,010 | +9.6% |
| Other financial charges | 652/9 | €138 | €90 | -€48 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €69,982 | €43,150 | -€26,833 | -38.3% |
| Income taxes | 67/77 | €17,870 | €10,796 | -€7,075 | -39.6% |
| Taxes | 670/3 | €17,870 | €10,796 | -€7,075 | -39.6% |
| Profit (loss) for the period | 9904 | €52,112 | €32,354 | -€19,758 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,112 | €32,354 | -€19,758 | -37.9% |
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 2 October 2026 via checked.be.