Construct2BE: 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.
Construct2BE
Largest movements
- Cash -€118,602
down €118,602 (-98.0%), from €120,972 to €2,370
mainly Receivables within one year (-€105,050) and Net result for the year (-€17,690)
- Receivables within one year +€105,050
up €105,050 (+169.7%), from €61,906 to €166,956
of which Trade receivables: +€63,836
- Tangible fixed assets -€36,553
down €36,553 (-34.0%), from €107,392 to €70,839
- Profit (loss) carried forward -€15,830
down €15,830, from €960 to -€14,869
- Tax, wage and social debts -€13,763
down €13,763 (-57.3%), from €24,017 to €10,254
of which Taxes: -€10,766
- Other debts -€10,347
down €10,347 (-44.9%), from €23,043 to €12,696
- Current portion of long-term debt +€7,624
new in 2025: €7,624
- Debts after one year -€7,615
down €7,615 (-46.9%), from €16,245 to €8,630
- Gross operating margin -€34,665
down €34,665 (-77.8%), from €44,571 to €9,907
- Taxes -€6,098
no longer reported in 2025 (was €6,098)
- Other operating charges +€3,378
up €3,378 (+352.7%), from €958 to €4,336
- Financial charges +€926
up €926 (+56.6%), from €1,635 to €2,561
- Financial income -€560
down €560 (-52.6%), from €1,065 to €505
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 | €290,665 | €241,085 | -€49,580 | -17.1% |
| Fixed assets | 21/28 | €107,482 | €70,929 | -€36,553 | -34.0% |
| Tangible fixed assets | 22/27 | €107,392 | €70,839 | -€36,553 | -34.0% |
| Land and buildings | 22 | €33,943 | €16,901 | -€17,041 | -50.2% |
| Plant, machinery and equipment | 23 | €2,159 | €1,062 | -€1,096 | -50.8% |
| Furniture and vehicles | 24 | €39,083 | €26,108 | -€12,975 | -33.2% |
| Other tangible fixed assets | 26 | €32,208 | €26,767 | -€5,440 | -16.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €183,183 | €170,156 | -€13,027 | -7.1% |
| Amounts receivable within one year | 40/41 | €61,906 | €166,956 | +€105,050 | +169.7% |
| Trade receivables | 40 | €6,906 | €70,741 | +€63,836 | +924.4% |
| Other amounts receivable | 41 | €55,000 | €96,215 | +€41,215 | +74.9% |
| Cash at bank and in hand | 54/58 | €120,972 | €2,370 | -€118,602 | -98.0% |
| Deferred charges and accrued income | 490/1 | €306 | €831 | +€525 | +171.6% |
| Total equity and liabilities | 10/49 | €290,665 | €241,085 | -€49,580 | -17.1% |
| Equity | 10/15 | €216,120 | €198,431 | -€17,690 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €202,760 | €200,900 | -€1,860 | -0.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €200,900 | €200,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €960 | -€14,869 | -€15,830 | |
| Amounts payable | 17/49 | €74,545 | €42,655 | -€31,890 | -42.8% |
| Amounts payable after more than one year | 17 | €16,245 | €8,630 | -€7,615 | -46.9% |
| Financial debts | 170/4 | €16,245 | €8,630 | -€7,615 | -46.9% |
| Amounts payable within one year | 42/48 | €58,300 | €34,025 | -€24,274 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,624 | +€7,624 | |
| Financial debts | 43 | €7,311 | - | -€7,311 | |
| Credit institutions | 430/8 | €7,311 | - | -€7,311 | |
| Trade debts | 44 | €3,929 | €3,450 | -€478 | -12.2% |
| Suppliers | 440/4 | €3,929 | €3,450 | -€478 | -12.2% |
| Taxes, remuneration and social security | 45 | €24,017 | €10,254 | -€13,763 | -57.3% |
| Taxes | 450/3 | €21,020 | €10,254 | -€10,766 | -51.2% |
| Remuneration and social security | 454/9 | €2,997 | - | -€2,997 | |
| Other amounts payable | 47/48 | €23,043 | €12,696 | -€10,347 | -44.9% |
| Non-recurring operating income | 76A | - | €8,897 | +€8,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,762 | €21,204 | -€558 | -2.6% |
| Other operating charges | 640/8 | €958 | €4,336 | +€3,378 | +352.7% |
| Gross operating margin | 9900 | €44,571 | €9,907 | -€34,665 | -77.8% |
| Operating profit (loss) | 9901 | €21,852 | -€15,633 | -€37,485 | |
| Financial income | 75/76B | €1,065 | €505 | -€560 | -52.6% |
| Recurring financial income | 75 | €1,065 | €505 | -€560 | -52.6% |
| Financial charges | 65/66B | €1,635 | €2,561 | +€926 | +56.6% |
| Recurring financial charges | 65 | €1,635 | €2,561 | +€926 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €21,281 | -€17,690 | -€38,971 | |
| Income taxes | 67/77 | €6,098 | - | -€6,098 | |
| Profit (loss) for the period | 9904 | €15,183 | -€17,690 | -€32,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,183 | -€17,690 | -€32,873 |
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 9 October 2026 via checked.be.