CONSTRUCT PTM: 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 PTM
Largest movements
- Receivables within one year +€32,450
up €32,450 (+40.4%), from €80,346 to €112,796
of which Trade receivables: +€46,041
- Deferred charges and accrued income +€22,581
up €22,581 (+195.0%), from €11,582 to €34,163
- Cash +€16,225
up €16,225 (+71.4%), from €22,733 to €38,958
mainly Accrued charges and deferred income (+€116,298) and Net result for the year (+€18,866)
- Stocks and contracts -€14,447
down €14,447 (-61.9%), from €23,352 to €8,905
of which Contracts in progress: -€13,465
- Tangible fixed assets +€3,391
up €3,391 (+25.5%), from €13,286 to €16,677
of which Furniture and vehicles: +€4,227
- Accrued charges and deferred income +€116,298
up €116,298, from €0 to €116,298
- Short-term financial debts -€58,142
down €58,142 (-58.1%), from €100,000 to €41,858
- Profit (loss) carried forward +€18,866
up €18,866 (+69.9%), from -€26,990 to -€8,124
- Trade debts -€14,946
down €14,946 (-47.3%), from €31,632 to €16,686
- Staff costs +€9,812
up €9,812 (+25.8%), from €37,986 to €47,799
- Gross operating margin +€6,918
up €6,918 (+8.0%), from €86,054 to €92,972
- Taxes +€4,999
up €4,999 (+1037.9%), from €482 to €5,480
- Other operating charges +€4,081
up €4,081 (+132.1%), from €3,090 to €7,171
- Financial charges -€3,136
down €3,136 (-33.0%), from €9,494 to €6,359
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 | €151,299 | €211,498 | +€60,200 | +39.8% |
| Fixed assets | 21/28 | €13,286 | €16,677 | +€3,391 | +25.5% |
| Tangible fixed assets | 22/27 | €13,286 | €16,677 | +€3,391 | +25.5% |
| Plant, machinery and equipment | 23 | €7,832 | €7,981 | +€150 | +1.9% |
| Furniture and vehicles | 24 | €2,307 | €6,534 | +€4,227 | +183.2% |
| Assets under construction and advance payments | 27 | €3,147 | €2,161 | -€986 | -31.3% |
| Current assets | 29/58 | €138,013 | €194,822 | +€56,809 | +41.2% |
| Stocks and contracts in progress | 3 | €23,352 | €8,905 | -€14,447 | -61.9% |
| Stocks | 30/36 | €9,887 | €8,905 | -€983 | -9.9% |
| Contracts in progress | 37 | €13,465 | €0 | -€13,465 | -100.0% |
| Amounts receivable within one year | 40/41 | €80,346 | €112,796 | +€32,450 | +40.4% |
| Trade receivables | 40 | €39,578 | €85,620 | +€46,041 | +116.3% |
| Other amounts receivable | 41 | €40,768 | €27,177 | -€13,591 | -33.3% |
| Cash at bank and in hand | 54/58 | €22,733 | €38,958 | +€16,225 | +71.4% |
| Deferred charges and accrued income | 490/1 | €11,582 | €34,163 | +€22,581 | +195.0% |
| Total equity and liabilities | 10/49 | €151,299 | €211,498 | +€60,200 | +39.8% |
| Equity | 10/15 | €10,361 | €29,227 | +€18,866 | +182.1% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €24,957 | €24,957 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €13,098 | €14,957 | +€1,859 | +14.2% |
| Profit (loss) carried forward | 14 | -€26,990 | -€8,124 | +€18,866 | +69.9% |
| Amounts payable | 17/49 | €140,938 | €182,271 | +€41,334 | +29.3% |
| Amounts payable within one year | 42/48 | €140,938 | €65,973 | -€74,965 | -53.2% |
| Financial debts | 43 | €100,000 | €41,858 | -€58,142 | -58.1% |
| Credit institutions | 430/8 | €100,000 | €41,858 | -€58,142 | -58.1% |
| Trade debts | 44 | €31,632 | €16,686 | -€14,946 | -47.3% |
| Suppliers | 440/4 | €31,632 | €16,686 | -€14,946 | -47.3% |
| Taxes, remuneration and social security | 45 | €7,991 | €6,114 | -€1,877 | -23.5% |
| Taxes | 450/3 | €1,810 | €1,950 | +€140 | +7.8% |
| Remuneration and social security | 454/9 | €6,181 | €4,164 | -€2,017 | -32.6% |
| Other amounts payable | 47/48 | €1,315 | €1,315 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €116,298 | +€116,298 | |
| Non-recurring operating income | 76A | €20,040 | €0 | -€20,040 | -100.0% |
| Remuneration, social security and pensions | 62 | €37,986 | €47,799 | +€9,812 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,490 | €8,458 | -€1,032 | -10.9% |
| Other operating charges | 640/8 | €3,090 | €7,171 | +€4,081 | +132.1% |
| Gross operating margin | 9900 | €86,054 | €92,972 | +€6,918 | +8.0% |
| Operating profit (loss) | 9901 | €35,488 | €29,545 | -€5,942 | -16.7% |
| Financial income | 75/76B | €1,835 | €1,160 | -€675 | -36.8% |
| Recurring financial income | 75 | €1,835 | €1,160 | -€675 | -36.8% |
| Financial charges | 65/66B | €9,494 | €6,359 | -€3,136 | -33.0% |
| Recurring financial charges | 65 | €9,494 | €6,359 | -€3,136 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €27,828 | €24,347 | -€3,481 | -12.5% |
| Income taxes | 67/77 | €482 | €5,480 | +€4,999 | +1037.9% |
| Profit (loss) for the period | 9904 | €27,346 | €18,866 | -€8,480 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,346 | €18,866 | -€8,480 | -31.0% |
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 6 October 2026 via checked.be.