CONSTRUCT SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€111,472
down €111,472 (-25.1%), from €444,282 to €332,810
of which Trade receivables: -€109,379
- Cash +€89,847
up €89,847 (+80.2%), from €112,031 to €201,878
mainly Receivables within one year (+€111,472) and Depreciation (+€103,289)
- Tangible fixed assets -€66,855
down €66,855 (-16.5%), from €406,095 to €339,240
of which Furniture and vehicles: -€49,886
- Accrued charges and deferred income -€71,585
down €71,585 (-88.1%), from €81,249 to €9,665
- Debts after one year -€66,286
down €66,286 (-49.5%), from €133,909 to €67,623
- Reserves +€47,067
up €47,067 (+11.0%), from €427,517 to €474,584
of which Distributable reserves: +€47,067
- Tax, wage and social debts -€14,317
down €14,317 (-33.8%), from €42,383 to €28,066
of which Remuneration and social security: -€10,389
- Short-term financial debts +€13,502
new in 2025: €13,502
- Gross operating margin -€5,886
down €5,886 (-2.7%), from €221,531 to €215,644
- Financial charges -€4,030
down €4,030 (-34.9%), from €11,537 to €7,507
- Other operating charges -€3,371
down €3,371 (-20.2%), from €16,659 to €13,288
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 | €1,039,414 | €945,990 | -€93,424 | -9.0% |
| Fixed assets | 21/28 | €406,095 | €339,240 | -€66,855 | -16.5% |
| Tangible fixed assets | 22/27 | €406,095 | €339,240 | -€66,855 | -16.5% |
| Land and buildings | 22 | €205,607 | €197,385 | -€8,223 | -4.0% |
| Plant, machinery and equipment | 23 | €16,557 | €7,810 | -€8,746 | -52.8% |
| Furniture and vehicles | 24 | €183,931 | €134,045 | -€49,886 | -27.1% |
| Current assets | 29/58 | €633,319 | €606,750 | -€26,569 | -4.2% |
| Stocks and contracts in progress | 3 | €66,998 | €62,847 | -€4,151 | -6.2% |
| Stocks | 30/36 | €66,998 | €62,847 | -€4,151 | -6.2% |
| Amounts receivable within one year | 40/41 | €444,282 | €332,810 | -€111,472 | -25.1% |
| Trade receivables | 40 | €384,191 | €274,811 | -€109,379 | -28.5% |
| Other amounts receivable | 41 | €60,091 | €57,998 | -€2,093 | -3.5% |
| Cash at bank and in hand | 54/58 | €112,031 | €201,878 | +€89,847 | +80.2% |
| Deferred charges and accrued income | 490/1 | €10,009 | €9,215 | -€793 | -7.9% |
| Total equity and liabilities | 10/49 | €1,039,414 | €945,990 | -€93,424 | -9.0% |
| Equity | 10/15 | €636,109 | €683,176 | +€47,067 | +7.4% |
| Contributions | 10/11 | €208,592 | €208,592 | = | 0.0% |
| Reserves | 13 | €427,517 | €474,584 | +€47,067 | +11.0% |
| Non-distributable reserves | 130/1 | €6,671 | €6,671 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,671 | €6,671 | = | 0.0% |
| Distributable reserves | 133 | €420,846 | €467,913 | +€47,067 | +11.2% |
| Amounts payable | 17/49 | €403,305 | €262,815 | -€140,490 | -34.8% |
| Amounts payable after more than one year | 17 | €133,909 | €67,623 | -€66,286 | -49.5% |
| Financial debts | 170/4 | €133,909 | €67,623 | -€66,286 | -49.5% |
| Amounts payable within one year | 42/48 | €188,147 | €185,527 | -€2,620 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €64,974 | €66,286 | +€1,311 | +2.0% |
| Financial debts | 43 | - | €13,502 | +€13,502 | |
| Credit institutions | 430/8 | - | €13,502 | +€13,502 | |
| Trade debts | 44 | €32,657 | €35,995 | +€3,338 | +10.2% |
| Suppliers | 440/4 | €32,657 | €35,995 | +€3,338 | +10.2% |
| Taxes, remuneration and social security | 45 | €42,383 | €28,066 | -€14,317 | -33.8% |
| Taxes | 450/3 | €22,943 | €19,015 | -€3,928 | -17.1% |
| Remuneration and social security | 454/9 | €19,441 | €9,051 | -€10,389 | -53.4% |
| Other amounts payable | 47/48 | €48,133 | €41,679 | -€6,454 | -13.4% |
| Accrued charges and deferred income | 492/3 | €81,249 | €9,665 | -€71,585 | -88.1% |
| Remuneration, social security and pensions | 62 | €65,331 | €63,454 | -€1,877 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,198 | €103,289 | +€1,090 | +1.1% |
| Other operating charges | 640/8 | €16,659 | €13,288 | -€3,371 | -20.2% |
| Non-recurring operating charges | 66A | €0 | €1,466 | +€1,466 | |
| Gross operating margin | 9900 | €221,531 | €215,644 | -€5,886 | -2.7% |
| Operating profit (loss) | 9901 | €37,342 | €34,147 | -€3,195 | -8.6% |
| Financial income | 75/76B | €40,849 | €39,390 | -€1,459 | -3.6% |
| Recurring financial income | 75 | €40,849 | €39,390 | -€1,459 | -3.6% |
| Financial charges | 65/66B | €11,537 | €7,507 | -€4,030 | -34.9% |
| Recurring financial charges | 65 | €11,537 | €7,507 | -€4,030 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €66,655 | €66,030 | -€624 | -0.9% |
| Income taxes | 67/77 | €19,863 | €18,964 | -€899 | -4.5% |
| Profit (loss) for the period | 9904 | €46,792 | €47,067 | +€275 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,792 | €47,067 | +€275 | +0.6% |
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 11 October 2026 via checked.be.