CONSTRUCT TOP: 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 TOP
Largest movements
- Receivables within one year -€204,473
down €204,473 (-34.0%), from €600,678 to €396,206
of which Trade receivables: -€203,096
- Cash -€15,871
down €15,871 (-27.9%), from €56,809 to €40,939
- Trade debts -€259,402
down €259,402 (-99.7%), from €260,301 to €899
- Profit (loss) carried forward +€75,645
up €75,645 (+23.0%), from €329,577 to €405,222
- Tax, wage and social debts -€22,343
down €22,343 (-60.6%), from €36,879 to €14,536
of which Taxes: -€12,353
- Other debts -€16,913
down €16,913 (-61.8%), from €27,358 to €10,445
- Turnover -€528,836
no longer reported in 2025 (was €528,836)
- Purchases and services -€465,847
no longer reported in 2025 (was €465,847)
- Gross operating margin -€86,391
down €86,391, from €82,151 to -€4,240
- Taxes -€60,611
down €60,611, from €32,326 to -€28,286
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €664,311 | €439,462 | -€224,849 | -33.8% |
| Fixed assets | 21/28 | €180 | €180 | = | 0.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €664,131 | €439,282 | -€224,849 | -33.9% |
| Amounts receivable within one year | 40/41 | €600,678 | €396,206 | -€204,473 | -34.0% |
| Trade receivables | 40 | €465,531 | €262,435 | -€203,096 | -43.6% |
| Other amounts receivable | 41 | €135,147 | €133,770 | -€1,376 | -1.0% |
| Cash at bank and in hand | 54/58 | €56,809 | €40,939 | -€15,871 | -27.9% |
| Deferred charges and accrued income | 490/1 | €6,644 | €2,138 | -€4,506 | -67.8% |
| Total equity and liabilities | 10/49 | €664,311 | €439,462 | -€224,849 | -33.8% |
| Equity | 10/15 | €337,937 | €413,582 | +€75,645 | +22.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €329,577 | €405,222 | +€75,645 | +23.0% |
| Amounts payable | 17/49 | €326,374 | €25,880 | -€300,494 | -92.1% |
| Amounts payable within one year | 42/48 | €326,374 | €25,880 | -€300,494 | -92.1% |
| Current portion of amounts payable after more than one year | 42 | €1,836 | - | -€1,836 | |
| Trade debts | 44 | €260,301 | €899 | -€259,402 | -99.7% |
| Suppliers | 440/4 | €260,301 | €899 | -€259,402 | -99.7% |
| Taxes, remuneration and social security | 45 | €36,879 | €14,536 | -€22,343 | -60.6% |
| Taxes | 450/3 | €26,889 | €14,536 | -€12,353 | -45.9% |
| Remuneration and social security | 454/9 | €9,990 | - | -€9,990 | |
| Other amounts payable | 47/48 | €27,358 | €10,445 | -€16,913 | -61.8% |
| Turnover | 70 | €528,836 | - | -€528,836 | |
| Goods, raw materials, services and sundry goods | 60/61 | €465,847 | - | -€465,847 | |
| Other operating charges | 640/8 | €1,068 | €2,169 | +€1,101 | +103.0% |
| Non-recurring operating charges | 66A | €360 | - | -€360 | |
| Gross operating margin | 9900 | €82,151 | -€4,240 | -€86,391 | |
| Operating profit (loss) | 9901 | €80,722 | -€6,410 | -€87,132 | |
| Financial income | 75/76B | €0 | €20 | +€20 | +98350.0% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +98350.0% |
| Financial charges | 65/66B | €458 | €737 | +€279 | +60.9% |
| Recurring financial charges | 65 | €458 | €737 | +€279 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €80,265 | -€7,127 | -€87,392 | |
| Income taxes | 67/77 | €32,326 | -€28,286 | -€60,611 | |
| Profit (loss) for the period | 9904 | €47,939 | €21,159 | -€26,780 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,939 | €21,159 | -€26,780 | -55.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.