Construct RC: 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 RC
Largest movements
- Tangible fixed assets -€47,144
down €47,144 (-95.8%), from €49,214 to €2,070
of which Plant, machinery and equipment: -€23,624
- Receivables within one year +€42,138
up €42,138 (+108.7%), from €38,780 to €80,918
of which Other amounts receivable: +€31,646
- Cash -€3,421
down €3,421 (-65.7%), from €5,209 to €1,788
mainly Receivables within one year (-€42,138) and Contributions, distributions and other (-€36,301)
- Profit (loss) carried forward -€30,839
down €30,839 (-41.7%), from €74,017 to €43,178
- Trade debts +€20,613
up €20,613 (+300.9%), from €6,850 to €27,464
- Tax, wage and social debts +€2,151
up €2,151 (+35.1%), from €6,136 to €8,287
of which Remuneration and social security: +€5,737
- Gross operating margin -€24,184
down €24,184 (-56.6%), from €42,697 to €18,513
- Depreciation -€8,462
down €8,462 (-92.7%), from €9,125 to €663
- Financial charges +€6,407
up €6,407 (+815.8%), from €785 to €7,193
- Other operating charges -€805
no longer reported in 2025 (was €805)
- Financial income +€572
up €572 (+97.4%), from €588 to €1,160
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 | €93,203 | €85,277 | -€7,926 | -8.5% |
| Fixed assets | 21/28 | €49,214 | €2,070 | -€47,144 | -95.8% |
| Tangible fixed assets | 22/27 | €49,214 | €2,070 | -€47,144 | -95.8% |
| Plant, machinery and equipment | 23 | €25,694 | €2,070 | -€23,624 | -91.9% |
| Furniture and vehicles | 24 | €23,520 | - | -€23,520 | |
| Current assets | 29/58 | €43,989 | €83,207 | +€39,219 | +89.2% |
| Amounts receivable within one year | 40/41 | €38,780 | €80,918 | +€42,138 | +108.7% |
| Trade receivables | 40 | €35,845 | €46,337 | +€10,492 | +29.3% |
| Other amounts receivable | 41 | €2,935 | €34,581 | +€31,646 | +1078.4% |
| Cash at bank and in hand | 54/58 | €5,209 | €1,788 | -€3,421 | -65.7% |
| Deferred charges and accrued income | 490/1 | - | €502 | +€502 | |
| Total equity and liabilities | 10/49 | €93,203 | €85,277 | -€7,926 | -8.5% |
| Equity | 10/15 | €80,217 | €49,378 | -€30,839 | -38.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,017 | €43,178 | -€30,839 | -41.7% |
| Amounts payable | 17/49 | €12,986 | €35,900 | +€22,914 | +176.4% |
| Amounts payable within one year | 42/48 | €12,986 | €35,751 | +€22,765 | +175.3% |
| Trade debts | 44 | €6,850 | €27,464 | +€20,613 | +300.9% |
| Suppliers | 440/4 | €6,850 | €27,464 | +€20,613 | +300.9% |
| Taxes, remuneration and social security | 45 | €6,136 | €8,287 | +€2,151 | +35.1% |
| Taxes | 450/3 | €6,136 | €2,550 | -€3,586 | -58.4% |
| Remuneration and social security | 454/9 | - | €5,737 | +€5,737 | |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,125 | €663 | -€8,462 | -92.7% |
| Other operating charges | 640/8 | €805 | - | -€805 | |
| Gross operating margin | 9900 | €42,697 | €18,513 | -€24,184 | -56.6% |
| Operating profit (loss) | 9901 | €32,767 | €17,850 | -€14,917 | -45.5% |
| Financial income | 75/76B | €588 | €1,160 | +€572 | +97.4% |
| Recurring financial income | 75 | €588 | €1,160 | +€572 | +97.4% |
| Financial charges | 65/66B | €785 | €7,193 | +€6,407 | +815.8% |
| Recurring financial charges | 65 | €785 | €7,193 | +€6,407 | +815.8% |
| Profit (loss) for the period before taxes | 9903 | €32,569 | €11,817 | -€20,752 | -63.7% |
| Income taxes | 67/77 | €6,136 | €6,355 | +€219 | +3.6% |
| Profit (loss) for the period | 9904 | €26,434 | €5,462 | -€20,971 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,434 | €5,462 | -€20,971 | -79.3% |
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 8 October 2026 via checked.be.