CONSTRUCTEL BELGIUM: 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.
What changed
CONSTRUCTEL BELGIUM
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20.1m
2024 · €6.8m+€13.3m
Equity
€29.4m
2024 · €31.4m-€1.9m
Cash
€6.7m
2024 · €8.8m-€2.1m
Balance sheet total
€71.2m
2024 · €52.3m+€19.0m
Largest movements
Assets
- Receivables within one year +€23.2m
up €23.2m (+138%), from €16.8m to €40.0m
of which Trade receivables: +€17.6m
- Cash -€2.1m
down €2.1m (-23.5%), from €8.8m to €6.7m
mainly Receivables within one year (-€23.2m) and Contributions, distributions and other (-€22.0m)
- Stocks and contracts -€1.8m
down €1.8m (-31.3%), from €5.9m to €4.1m
- Tangible fixed assets -€1.4m
down €1.4m (-26.4%), from €5.1m to €3.8m
of which Leasing and similar rights: -€1.1m
- Financial fixed assets +€1.0m
up €1.0m (+6.6%), from €15.6m to €16.6m
of which Affiliated companies: +€1.0m
Equity and liabilities
- Other debts +€12.4m
up €12.4m (+796%), from €1.6m to €14.0m
- Advances received +€8.1m
new in 2025: €8.1m
- Profit (loss) carried forward -€1.9m
down €1.9m (-8.3%), from €23.5m to €21.5m
- Trade debts +€1.7m
up €1.7m (+12.7%), from €13.1m to €14.7m
- Debts after one year -€1.0m
down €1.0m (-42.4%), from €2.4m to €1.4m
Income statement
- Financial income +€11.9m
up €11.9m (+2,045%), from €579,802 to €12.4m
of which Financial income: +€11.9m
- Turnover -€5.4m
down €5.4m (-5.1%), from €105.3m to €99.9m
- Goods and materials -€4.9m
down €4.9m (-6.7%), from €73.0m to €68.0m
of which Purchases: -€3.5m
- Staff costs -€1.5m
down €1.5m (-10.0%), from €15.0m to €13.5m
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.
Result 2024
€6.8m
Turnover
-€5.4m
Other operating income
+€2,945
Goods and materials
+€4.9m
Services and other goods
-€7,647
Staff costs
+€1.5m
Depreciation
+€65,645
Write-downs
-€15,053
Other operating charges
+€91,497
Other operating items
+€82,521
Financial income
+€11.9m
Financial charges
+€618,592
Taxes
-€429,972
Result 2025
€20.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€22.5m
Investment
-€1.2m
Financing
-€23.3m
Cash 2024
€8.8m
From operations (derived)
+€22.5m
Net result for the year
+€20.1m
Depreciation
+€1.5m
Stocks and contracts
+€1.8m
Receivables within one year
-€23.2m
Deferred charges and accrued income
-€39,741
Trade debts
+€1.7m
Tax, wage and social debts
+€268,905
Advances received
+€8.1m
Other debts
+€12.4m
Accrued charges and deferred income
-€229,890
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Current investments
+€397
Financing
-€23.3m
Debts after one year
-€1.0m
Current portion of long-term debt
-€323,021
Contributions, distributions and other
-€22.0m
Cash 2025
€6.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,275,540 | €71,241,217 | +€19.0m | +36.3% |
| Fixed assets | 21/28 | €20,710,589 | €20,377,070 | -€333,519 | -1.6% |
| Intangible fixed assets | 21 | €12,170 | - | -€12,170 | |
| Tangible fixed assets | 22/27 | €5,135,096 | €3,779,959 | -€1.4m | -26.4% |
| Land and buildings | 22 | €594,248 | €549,114 | -€45,134 | -7.6% |
| Plant, machinery and equipment | 23 | €709,982 | €523,549 | -€186,432 | -26.3% |
| Furniture and vehicles | 24 | €229,606 | €224,646 | -€4,960 | -2.2% |
| Leasing and similar rights | 25 | €3,548,469 | €2,432,662 | -€1.1m | -31.4% |
| Other tangible fixed assets | 26 | €52,792 | €49,988 | -€2,805 | -5.3% |
| Financial fixed assets | 28 | €15,563,323 | €16,597,111 | +€1.0m | +6.6% |
| Affiliated companies | 280/1 | €15,308,628 | €16,356,501 | +€1.0m | +6.8% |
| Participating interests | 280 | €15,308,628 | €16,356,501 | +€1.0m | +6.8% |
| Other financial fixed assets | 284/8 | €254,695 | €240,610 | -€14,085 | -5.5% |
| Shares | 284 | €5,368 | €5,368 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €249,327 | €235,242 | -€14,085 | -5.6% |
| Current assets | 29/58 | €31,564,950 | €50,864,147 | +€19.3m | +61.1% |
| Stocks and contracts in progress | 3 | €5,900,131 | €4,052,891 | -€1.8m | -31.3% |
| Stocks | 30/36 | €5,900,131 | €4,052,891 | -€1.8m | -31.3% |
| Raw materials and consumables | 30/31 | €5,900,131 | €4,052,891 | -€1.8m | -31.3% |
| Amounts receivable within one year | 40/41 | €16,841,240 | €40,018,788 | +€23.2m | +138% |
| Trade receivables | 40 | €10,176,007 | €27,738,980 | +€17.6m | +173% |
| Other amounts receivable | 41 | €6,665,233 | €12,279,809 | +€5.6m | +84.2% |
| Current investments | 50/53 | €397 | - | -€397 | |
| Other investments | 51/53 | €397 | - | -€397 | |
| Cash at bank and in hand | 54/58 | €8,800,795 | €6,730,339 | -€2.1m | -23.5% |
| Deferred charges and accrued income | 490/1 | €22,387 | €62,128 | +€39,741 | +178% |
| Total equity and liabilities | 10/49 | €52,275,540 | €71,241,217 | +€19.0m | +36.3% |
| Equity | 10/15 | €31,390,054 | €29,447,284 | -€1.9m | -6.2% |
| Contributions | 10/11 | €269,600 | €269,600 | = | 0.0% |
| Capital | 10 | €269,600 | €269,600 | = | 0.0% |
| Issued capital | 100 | €269,600 | €269,600 | = | 0.0% |
| Reserves | 13 | €7,639,381 | €7,639,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,960 | €26,960 | = | 0.0% |
| Legal reserve | 130 | €26,960 | €26,960 | = | 0.0% |
| Distributable reserves | 133 | €7,612,421 | €7,612,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,481,073 | €21,538,303 | -€1.9m | -8.3% |
| Amounts payable | 17/49 | €20,885,486 | €41,793,933 | +€20.9m | +100% |
| Amounts payable after more than one year | 17 | €2,362,224 | €1,361,106 | -€1.0m | -42.4% |
| Financial debts | 170/4 | €2,362,224 | €1,361,106 | -€1.0m | -42.4% |
| Leasing and similar obligations | 172 | €2,109,601 | €1,160,749 | -€948,852 | -45.0% |
| Credit institutions | 173 | €252,623 | €200,356 | -€52,267 | -20.7% |
| Amounts payable within one year | 42/48 | €17,460,461 | €39,599,916 | +€22.1m | +127% |
| Current portion of amounts payable after more than one year | 42 | €1,328,760 | €1,005,739 | -€323,021 | -24.3% |
| Trade debts | 44 | €13,070,520 | €14,735,775 | +€1.7m | +12.7% |
| Suppliers | 440/4 | €13,070,520 | €14,735,775 | +€1.7m | +12.7% |
| Advances received on contracts in progress | 46 | - | €8,095,275 | +€8.1m | |
| Taxes, remuneration and social security | 45 | €1,499,222 | €1,768,126 | +€268,905 | +17.9% |
| Taxes | 450/3 | €181,425 | €609,032 | +€427,607 | +236% |
| Remuneration and social security | 454/9 | €1,317,796 | €1,159,094 | -€158,702 | -12.0% |
| Other amounts payable | 47/48 | €1,561,960 | €13,995,000 | +€12.4m | +796% |
| Accrued charges and deferred income | 492/3 | €1,062,801 | €832,911 | -€229,890 | -21.6% |
| Operating income | 70/76A | €107,755,378 | €102,377,952 | -€5.4m | -5.0% |
| Turnover | 70 | €105,299,465 | €99,919,110 | -€5.4m | -5.1% |
| Other operating income | 74 | €2,455,715 | €2,458,661 | +€2,945 | +0.1% |
| Non-recurring operating income | 76A | €198 | €181 | -€17 | -8.4% |
| Operating charges | 60/66A | €97,603,761 | €90,973,936 | -€6.6m | -6.8% |
| Goods for resale, raw materials and consumables | 60 | €72,966,100 | €68,046,652 | -€4.9m | -6.7% |
| Purchases | 600/8 | €73,382,515 | €69,893,892 | -€3.5m | -4.8% |
| Change in stocks: decrease (increase) | 609 | -€416,414 | -€1,847,240 | -€1.4m | -344% |
| Services and other goods | 61 | €7,615,782 | €7,623,429 | +€7,647 | +0.1% |
| Remuneration, social security and pensions | 62 | €14,967,014 | €13,473,617 | -€1.5m | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598,505 | €1,532,860 | -€65,645 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,150 | €16,203 | +€15,053 | +1,309% |
| Other operating charges | 640/8 | €343,039 | €251,542 | -€91,497 | -26.7% |
| Non-recurring operating charges | 66A | €112,171 | €29,634 | -€82,538 | -73.6% |
| Operating profit (loss) | 9901 | €10,151,617 | €11,404,016 | +€1.3m | +12.3% |
| Financial income | 75/76B | €579,802 | €12,437,501 | +€11.9m | +2,045% |
| Recurring financial income | 75 | €528,202 | €12,393,056 | +€11.9m | +2,246% |
| Income from financial fixed assets | 750 | - | €12,000,000 | +€12.0m | |
| Income from current assets | 751 | €494,649 | €325,550 | -€169,098 | -34.2% |
| Other financial income | 752/9 | €33,553 | €67,506 | +€33,953 | +101% |
| Non-recurring financial income | 76B | €51,600 | €44,445 | -€7,155 | -13.9% |
| Financial charges | 65/66B | €1,193,190 | €574,599 | -€618,592 | -51.8% |
| Recurring financial charges | 65 | €1,098,474 | €566,509 | -€531,966 | -48.4% |
| Debt charges | 650 | €1,098,117 | €564,226 | -€533,891 | -48.6% |
| Other financial charges | 652/9 | €357 | €2,282 | +€1,925 | +539% |
| Non-recurring financial charges | 66B | €94,716 | €8,090 | -€86,626 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €9,538,229 | €23,266,918 | +€13.7m | +144% |
| Income taxes | 67/77 | €2,779,715 | €3,209,688 | +€429,972 | +15.5% |
| Taxes | 670/3 | €2,782,188 | €3,209,688 | +€427,499 | +15.4% |
| Tax adjustments and reversals of tax provisions | 77 | €2,473 | - | -€2,473 | |
| Profit (loss) for the period | 9904 | €6,758,514 | €20,057,230 | +€13.3m | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €6,758,514 | €20,057,230 | +€13.3m | +197% |
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 13 October 2026 via checked.be.