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.
CONSTRUCTIEF
Largest movements
- Receivables after one year +€5,039
up €5,039 (+17.9%), from €28,189 to €33,228
- Tangible fixed assets +€3,864
up €3,864 (+2424.1%), from €159 to €4,023
of which Furniture and vehicles: +€3,938
- Receivables within one year -€1,069
down €1,069 (-24.3%), from €4,394 to €3,325
of which Trade receivables: -€1,020
- Deferred charges and accrued income +€1,064
up €1,064 (+81.9%), from €1,299 to €2,363
- Profit (loss) carried forward +€24,805
up €24,805, from -€17,868 to €6,937
- Tax, wage and social debts -€10,157
down €10,157 (-82.8%), from €12,270 to €2,113
- Other debts -€4,064
no longer reported in 2025 (was €4,064)
- Trade debts -€971
down €971 (-41.8%), from €2,321 to €1,351
- Short-term financial debts -€716
down €716 (-11.3%), from €6,328 to €5,612
- Gross operating margin +€30,766
up €30,766, from -€1,682 to €29,084
- Other operating charges +€989
up €989 (+160.7%), from €615 to €1,605
- Taxes +€613
new in 2025: €613
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 | €34,570 | €43,468 | +€8,898 | +25.7% |
| Fixed assets | 21/28 | €159 | €4,023 | +€3,864 | +2424.1% |
| Tangible fixed assets | 22/27 | €159 | €4,023 | +€3,864 | +2424.1% |
| Plant, machinery and equipment | 23 | €74 | - | -€74 | |
| Furniture and vehicles | 24 | €85 | €4,023 | +€3,938 | +4628.4% |
| Current assets | 29/58 | €34,411 | €39,445 | +€5,034 | +14.6% |
| Amounts receivable after more than one year | 29 | €28,189 | €33,228 | +€5,039 | +17.9% |
| Other amounts receivable | 291 | €28,189 | €33,228 | +€5,039 | +17.9% |
| Amounts receivable within one year | 40/41 | €4,394 | €3,325 | -€1,069 | -24.3% |
| Trade receivables | 40 | €2,736 | €1,716 | -€1,020 | -37.3% |
| Other amounts receivable | 41 | €1,658 | €1,609 | -€49 | -3.0% |
| Cash at bank and in hand | 54/58 | €530 | €530 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,299 | €2,363 | +€1,064 | +81.9% |
| Total equity and liabilities | 10/49 | €34,570 | €43,468 | +€8,898 | +25.7% |
| Equity | 10/15 | €9,588 | €34,393 | +€24,805 | +258.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,056 | €15,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,094 | €1,094 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,094 | €1,094 | = | 0.0% |
| Distributable reserves | 133 | €13,962 | €13,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,868 | €6,937 | +€24,805 | |
| Amounts payable | 17/49 | €24,983 | €9,076 | -€15,907 | -63.7% |
| Amounts payable within one year | 42/48 | €24,983 | €9,076 | -€15,907 | -63.7% |
| Financial debts | 43 | €6,328 | €5,612 | -€716 | -11.3% |
| Credit institutions | 430/8 | €6,328 | €5,612 | -€716 | -11.3% |
| Trade debts | 44 | €2,321 | €1,351 | -€971 | -41.8% |
| Suppliers | 440/4 | €2,321 | €1,351 | -€971 | -41.8% |
| Taxes, remuneration and social security | 45 | €12,270 | €2,113 | -€10,157 | -82.8% |
| Taxes | 450/3 | €12,270 | €2,113 | -€10,157 | -82.8% |
| Other amounts payable | 47/48 | €4,064 | - | -€4,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €627 | +€252 | +67.4% |
| Other operating charges | 640/8 | €615 | €1,605 | +€989 | +160.7% |
| Gross operating margin | 9900 | -€1,682 | €29,084 | +€30,766 | |
| Operating profit (loss) | 9901 | -€2,672 | €26,852 | +€29,525 | |
| Financial income | 75/76B | €0 | €2 | +€1 | +368.4% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +368.4% |
| Financial charges | 65/66B | €1,372 | €1,436 | +€64 | +4.7% |
| Recurring financial charges | 65 | €1,372 | €1,436 | +€64 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,044 | €25,418 | +€29,462 | |
| Income taxes | 67/77 | - | €613 | +€613 | |
| Profit (loss) for the period | 9904 | -€4,044 | €24,805 | +€28,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,044 | €24,805 | +€28,849 |
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 4 October 2026 via checked.be.