CONSTRUCTEM: 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.
CONSTRUCTEM
Largest movements
- Cash +€18,448
up €18,448 (+6.4%), from €288,892 to €307,340
mainly Net result for the year (+€72,234) and Other debts (+€21,614)
- Receivables within one year +€14,585
up €14,585 (+58.8%), from €24,789 to €39,374
of which Trade receivables: +€17,645
- Tangible fixed assets -€4,281
down €4,281 (-5.6%), from €76,957 to €72,675
of which Land and buildings: -€4,762
- Other debts +€21,614
up €21,614 (+180%), from €12,000 to €33,614
- Reserves +€9,881
up €9,881 (+2.9%), from €338,364 to €348,244
- Taxes -€4,559
down €4,559 (-17.4%), from €26,173 to €21,615
- Gross operating margin +€4,008
up €4,008 (+3.8%), from €106,424 to €110,432
- Financial income -€1,795
down €1,795 (-67.5%), from €2,657 to €863
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,216 | €420,597 | +€28,382 | +7.2% |
| Fixed assets | 21/28 | €76,957 | €72,675 | -€4,281 | -5.6% |
| Tangible fixed assets | 22/27 | €76,957 | €72,675 | -€4,281 | -5.6% |
| Land and buildings | 22 | €51,070 | €46,307 | -€4,762 | -9.3% |
| Plant, machinery and equipment | 23 | €1,046 | €1,151 | +€105 | +10.1% |
| Furniture and vehicles | 24 | €24,841 | €25,217 | +€376 | +1.5% |
| Current assets | 29/58 | €315,259 | €347,922 | +€32,663 | +10.4% |
| Amounts receivable within one year | 40/41 | €24,789 | €39,374 | +€14,585 | +58.8% |
| Trade receivables | 40 | €21,730 | €39,374 | +€17,645 | +81.2% |
| Other amounts receivable | 41 | €3,059 | - | -€3,059 | |
| Cash at bank and in hand | 54/58 | €288,892 | €307,340 | +€18,448 | +6.4% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,208 | -€370 | -23.5% |
| Total equity and liabilities | 10/49 | €392,216 | €420,597 | +€28,382 | +7.2% |
| Equity | 10/15 | €356,964 | €366,844 | +€9,881 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €338,364 | €348,244 | +€9,881 | +2.9% |
| Distributable reserves | 133 | €338,364 | €348,244 | +€9,881 | +2.9% |
| Amounts payable | 17/49 | €35,252 | €53,753 | +€18,501 | +52.5% |
| Amounts payable within one year | 42/48 | €32,460 | €53,753 | +€21,293 | +65.6% |
| Trade debts | 44 | €4,880 | €7,121 | +€2,240 | +45.9% |
| Suppliers | 440/4 | €4,880 | €7,121 | +€2,240 | +45.9% |
| Taxes, remuneration and social security | 45 | €15,580 | €13,018 | -€2,562 | -16.4% |
| Taxes | 450/3 | €15,580 | €13,018 | -€2,562 | -16.4% |
| Other amounts payable | 47/48 | €12,000 | €33,614 | +€21,614 | +180% |
| Accrued charges and deferred income | 492/3 | €2,792 | - | -€2,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,472 | €14,533 | +€1,060 | +7.9% |
| Other operating charges | 640/8 | €2,684 | €2,491 | -€193 | -7.2% |
| Gross operating margin | 9900 | €106,424 | €110,432 | +€4,008 | +3.8% |
| Operating profit (loss) | 9901 | €90,267 | €93,409 | +€3,141 | +3.5% |
| Financial income | 75/76B | €2,657 | €863 | -€1,795 | -67.5% |
| Recurring financial income | 75 | €2,657 | €863 | -€1,795 | -67.5% |
| Financial charges | 65/66B | €654 | €423 | -€231 | -35.4% |
| Recurring financial charges | 65 | €654 | €423 | -€231 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €92,271 | €93,848 | +€1,578 | +1.7% |
| Income taxes | 67/77 | €26,173 | €21,615 | -€4,559 | -17.4% |
| Profit (loss) for the period | 9904 | €66,097 | €72,234 | +€6,136 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,097 | €72,234 | +€6,136 | +9.3% |
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 18 October 2026 via checked.be.