CONSTRUCT PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€27,413
down €27,413 (-6.5%), from €420,215 to €392,802
- Receivables within one year +€26,407
up €26,407 (+50.9%), from €51,871 to €78,278
of which Other amounts receivable: +€18,300
- Debts after one year -€45,270
down €45,270 (-9.7%), from €464,394 to €419,124
- Profit (loss) carried forward +€36,718
up €36,718 (+32.0%), from -€114,578 to -€77,860
- Financial charges -€961
down €961 (-7.6%), from €12,560 to €11,599
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 | €476,985 | €476,003 | -€982 | -0.2% |
| Fixed assets | 21/28 | €420,215 | €392,802 | -€27,413 | -6.5% |
| Tangible fixed assets | 22/27 | €420,215 | €392,802 | -€27,413 | -6.5% |
| Land and buildings | 22 | €420,215 | €392,802 | -€27,413 | -6.5% |
| Current assets | 29/58 | €56,769 | €83,201 | +€26,431 | +46.6% |
| Amounts receivable within one year | 40/41 | €51,871 | €78,278 | +€26,407 | +50.9% |
| Trade receivables | 40 | €13,613 | €21,720 | +€8,107 | +59.6% |
| Other amounts receivable | 41 | €38,258 | €56,558 | +€18,300 | +47.8% |
| Cash at bank and in hand | 54/58 | €4,898 | €4,923 | +€24 | +0.5% |
| Total equity and liabilities | 10/49 | €476,985 | €476,003 | -€982 | -0.2% |
| Equity | 10/15 | -€94,905 | -€58,187 | +€36,718 | +38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,273 | €7,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €5,414 | €5,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,578 | -€77,860 | +€36,718 | +32.0% |
| Amounts payable | 17/49 | €571,890 | €534,189 | -€37,700 | -6.6% |
| Amounts payable after more than one year | 17 | €464,394 | €419,124 | -€45,270 | -9.7% |
| Financial debts | 170/4 | €464,394 | €419,124 | -€45,270 | -9.7% |
| Amounts payable within one year | 42/48 | €107,495 | €111,623 | +€4,128 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €40,791 | €41,828 | +€1,037 | +2.5% |
| Trade debts | 44 | €56,020 | €56,020 | = | 0.0% |
| Suppliers | 440/4 | €56,020 | €56,020 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,135 | €2,725 | +€591 | +27.7% |
| Taxes | 450/3 | €2,135 | €2,725 | +€591 | +27.7% |
| Other amounts payable | 47/48 | €8,550 | €11,050 | +€2,500 | +29.2% |
| Accrued charges and deferred income | 492/3 | - | €3,442 | +€3,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,081 | €27,413 | -€668 | -2.4% |
| Other operating charges | 640/8 | €2,728 | €2,762 | +€34 | +1.2% |
| Gross operating margin | 9900 | €78,625 | €78,492 | -€133 | -0.2% |
| Operating profit (loss) | 9901 | €47,816 | €48,317 | +€501 | +1.0% |
| Financial charges | 65/66B | €12,560 | €11,599 | -€961 | -7.6% |
| Recurring financial charges | 65 | €12,560 | €11,599 | -€961 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €35,257 | €36,718 | +€1,462 | +4.1% |
| Profit (loss) for the period | 9904 | €35,257 | €36,718 | +€1,462 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,257 | €36,718 | +€1,462 | +4.1% |
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 5 October 2026 via checked.be.