Constructief: what changed
Two fiscal 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
Constructief
NACE 88.993, Social work activities without accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,198
2024 · €5,394+€15,804
Equity
€955,953
2024 · €979,834-€23,881
Cash
€329,779
2024 · €323,889+€5,890
Balance sheet total
€2.6m
2024 · €2.6m-€84,116
Largest movements
Assets
- Tangible fixed assets -€56,553
down €56,553 (-3.7%), from €1.5m to €1.5m
of which Land and buildings: -€50,159
- Receivables within one year -€42,561
down €42,561 (-6.3%), from €670,542 to €627,981
of which Other amounts receivable: -€110,327
Equity and liabilities
- Debts after one year -€62,305
down €62,305 (-8.3%), from €746,414 to €684,109
of which Financial debts: -€62,305
- Debts within one year +€46,298
up €46,298 (+5.7%), from €819,033 to €865,331
of which Tax, wage and social debts: +€49,973
- Investment grants -€45,079
down €45,079 (-33.2%), from €135,777 to €90,699
- Accrued charges and deferred income -€44,229
down €44,229 (-47.4%), from €93,343 to €49,115
Income statement
- Staff costs +€269,588
up €269,588 (+10.1%), from €2.7m to €2.9m
- Gross operating margin +€265,581
up €265,581 (+9.0%), from €2.9m to €3.2m
- Turnover +€120,222
up €120,222 (+6.1%), from €2.0m to €2.1m
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
€5,394
Gross operating margin
+€265,581
Staff costs
-€269,588
Depreciation
-€12,190
Other operating charges
+€14,224
Other operating items
+€15,758
Financial income
+€83
Financial charges
+€1,935
Result 2025
€21,198
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.
From operations
+€292,162
Investment
-€178,889
Financing
-€107,384
Cash 2024
€323,889
From operations (derived)
+€292,162
Net result for the year
+€21,198
Depreciation
+€238,824
Stocks and contracts
-€4,128
Receivables within one year
+€42,561
Deferred charges and accrued income
-€8,362
Debts within one year
+€46,298
Accrued charges and deferred income
-€44,229
Investment (derived)
-€178,889
Investment in fixed assets (net)
-€178,889
Financing
-€107,384
Debts after one year
-€62,305
Contributions, distributions and other
-€45,079
Cash 2025
€329,779
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,638,624 | €2,554,508 | -€84,116 | -3.2% |
| Fixed assets | 21/28 | €1,562,160 | €1,502,225 | -€59,935 | -3.8% |
| Intangible fixed assets | 21 | €14,975 | €11,594 | -€3,382 | -22.6% |
| Tangible fixed assets | 22/27 | €1,516,564 | €1,460,011 | -€56,553 | -3.7% |
| Land and buildings | 22 | €861,691 | €811,531 | -€50,159 | -5.8% |
| Plant, machinery and equipment | 23 | €261,426 | €247,447 | -€13,980 | -5.3% |
| Furniture and vehicles | 24 | €175,732 | €189,410 | +€13,678 | +7.8% |
| Leasing and similar rights | 25 | €0 | €0 | -€0 | -100.0% |
| Other tangible fixed assets | 26 | €217,715 | €211,623 | -€6,092 | -2.8% |
| Financial fixed assets | 28 | €30,620 | €30,620 | = | 0.0% |
| Current assets | 29/58 | €1,076,464 | €1,052,283 | -€24,181 | -2.2% |
| Stocks and contracts in progress | 3 | €55,864 | €59,992 | +€4,128 | +7.4% |
| Stocks | 30/36 | €55,864 | €59,992 | +€4,128 | +7.4% |
| Amounts receivable within one year | 40/41 | €670,542 | €627,981 | -€42,561 | -6.3% |
| Trade receivables | 40 | €360,388 | €428,154 | +€67,766 | +18.8% |
| Other amounts receivable | 41 | €310,153 | €199,827 | -€110,327 | -35.6% |
| Cash at bank and in hand | 54/58 | €323,889 | €329,779 | +€5,890 | +1.8% |
| Deferred charges and accrued income | 490/1 | €26,168 | €34,530 | +€8,362 | +32.0% |
| Total equity and liabilities | 10/49 | €2,638,624 | €2,554,508 | -€84,116 | -3.2% |
| Equity | 10/15 | €979,834 | €955,953 | -€23,881 | -2.4% |
| Contributions | 10/11 | €55,986 | €55,986 | = | 0.0% |
| Capital | 10 | €55,986 | €55,986 | = | 0.0% |
| Reserves | 13 | €779,510 | €800,510 | +€21,000 | +2.7% |
| Profit (loss) carried forward | 14 | €8,560 | €8,759 | +€198 | +2.3% |
| Investment grants | 15 | €135,777 | €90,699 | -€45,079 | -33.2% |
| Amounts payable | 17/49 | €1,658,790 | €1,598,555 | -€60,235 | -3.6% |
| Amounts payable after more than one year | 17 | €746,414 | €684,109 | -€62,305 | -8.3% |
| Financial debts | 170/4 | €746,149 | €683,844 | -€62,305 | -8.4% |
| Other amounts payable | 178/9 | €265 | €265 | = | 0.0% |
| Amounts payable within one year | 42/48 | €819,033 | €865,331 | +€46,298 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €64,422 | €62,305 | -€2,117 | -3.3% |
| Trade debts | 44 | €290,906 | €246,652 | -€44,254 | -15.2% |
| Suppliers | 440/4 | €290,906 | €246,652 | -€44,254 | -15.2% |
| Taxes, remuneration and social security | 45 | €376,432 | €426,404 | +€49,973 | +13.3% |
| Taxes | 450/3 | €78,433 | €76,553 | -€1,880 | -2.4% |
| Remuneration and social security | 454/9 | €297,999 | €349,851 | +€51,853 | +17.4% |
| Accrued charges and deferred income | 492/3 | €93,343 | €49,115 | -€44,229 | -47.4% |
| Turnover | 70 | €1,985,393 | €2,105,615 | +€120,222 | +6.1% |
| Non-recurring operating income | 76A | €13,619 | €12,455 | -€1,164 | -8.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €936,059 | €959,157 | +€23,098 | +2.5% |
| Remuneration, social security and pensions | 62 | €2,659,739 | €2,929,327 | +€269,588 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,634 | €238,824 | +€12,190 | +5.4% |
| Other operating charges | 640/8 | €21,031 | €6,806 | -€14,224 | -67.6% |
| Non-recurring operating charges | 66A | €15,828 | €69 | -€15,758 | -99.6% |
| Gross operating margin | 9900 | €2,946,001 | €3,211,582 | +€265,581 | +9.0% |
| Operating profit (loss) | 9901 | €22,770 | €36,555 | +€13,785 | +60.5% |
| Financial income | 75/76B | €638 | €721 | +€83 | +13.1% |
| Recurring financial income | 75 | €638 | €721 | +€83 | +13.1% |
| Financial charges | 65/66B | €18,013 | €16,078 | -€1,935 | -10.7% |
| Recurring financial charges | 65 | €18,013 | €16,078 | -€1,935 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €5,394 | €21,198 | +€15,804 | +293.0% |
| Profit (loss) for the period | 9904 | €5,394 | €21,198 | +€15,804 | +293.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,394 | €21,198 | +€15,804 | +293.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.