ConstructING: 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.
ConstructING
Largest movements
- Cash +€7,701
up €7,701 (+4.6%), from €168,922 to €176,623
mainly Net result for the year (+€49,045) and Trade debts (+€2,811)
- Receivables within one year +€7,181
up €7,181 (+6.2%), from €116,441 to €123,622
of which Other amounts receivable: +€9,329
- Reserves +€9,045
up €9,045 (+4.1%), from €221,666 to €230,710
- Gross operating margin +€3,540
up €3,540 (+5.8%), from €61,079 to €64,619
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 | €295,284 | €308,084 | +€12,800 | +4.3% |
| Fixed assets | 21/28 | €5,852 | €3,590 | -€2,262 | -38.7% |
| Tangible fixed assets | 22/27 | €5,852 | €3,590 | -€2,262 | -38.7% |
| Furniture and vehicles | 24 | €5,852 | €3,590 | -€2,262 | -38.7% |
| Current assets | 29/58 | €289,432 | €304,494 | +€15,062 | +5.2% |
| Amounts receivable within one year | 40/41 | €116,441 | €123,622 | +€7,181 | +6.2% |
| Trade receivables | 40 | €65,972 | €63,824 | -€2,148 | -3.3% |
| Other amounts receivable | 41 | €50,469 | €59,798 | +€9,329 | +18.5% |
| Cash at bank and in hand | 54/58 | €168,922 | €176,623 | +€7,701 | +4.6% |
| Deferred charges and accrued income | 490/1 | €4,069 | €4,249 | +€180 | +4.4% |
| Total equity and liabilities | 10/49 | €295,284 | €308,084 | +€12,800 | +4.3% |
| Equity | 10/15 | €240,216 | €249,260 | +€9,045 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €221,666 | €230,710 | +€9,045 | +4.1% |
| Distributable reserves | 133 | €221,666 | €230,710 | +€9,045 | +4.1% |
| Amounts payable | 17/49 | €55,069 | €58,824 | +€3,755 | +6.8% |
| Amounts payable within one year | 42/48 | €55,069 | €58,824 | +€3,755 | +6.8% |
| Trade debts | 44 | €2,998 | €5,809 | +€2,811 | +93.8% |
| Suppliers | 440/4 | €2,998 | €5,809 | +€2,811 | +93.8% |
| Taxes, remuneration and social security | 45 | €9,020 | €8,591 | -€429 | -4.8% |
| Taxes | 450/3 | €9,020 | €8,591 | -€429 | -4.8% |
| Other amounts payable | 47/48 | €43,051 | €44,424 | +€1,374 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,262 | €2,262 | = | 0.0% |
| Other operating charges | 640/8 | €592 | €641 | +€49 | +8.3% |
| Gross operating margin | 9900 | €61,079 | €64,619 | +€3,540 | +5.8% |
| Operating profit (loss) | 9901 | €58,224 | €61,715 | +€3,491 | +6.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27 | €0 | -€26 | -98.5% |
| Recurring financial charges | 65 | €27 | €0 | -€26 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €58,197 | €61,715 | +€3,518 | +6.0% |
| Income taxes | 67/77 | €12,031 | €12,671 | +€640 | +5.3% |
| Profit (loss) for the period | 9904 | €46,166 | €49,045 | +€2,878 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,166 | €49,045 | +€2,878 | +6.2% |
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 10 October 2026 via checked.be.