Construction Brands: 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.
Construction Brands
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-69.9%), from €1.5m to €462,139
of which Other amounts receivable: -€1.2m
- Financial fixed assets +€410,188
new in 2025: €410,188
- Intangible fixed assets +€110,589
new in 2025: €110,589
- Cash -€17,942
down €17,942 (-81.4%), from €22,032 to €4,090
mainly Short-term financial debts (-€1.3m) and Investment in fixed assets (net) (-€529,284)
- Profit (loss) carried forward +€1.3m
no longer reported in 2025 (was -€1.3m)
- Short-term financial debts -€1.3m
down €1.3m (-99.1%), from €1.3m to €11,471
- Contributions -€1.2m
down €1.2m (-94.9%), from €1.2m to €61,500
- Debts after one year +€534,172
new in 2025: €534,172
- Accrued charges and deferred income +€145,244
new in 2025: €145,244
- Gross operating margin -€1.1m
down €1.1m, from €1.1m to -€57,157
- Financial charges -€63,919
down €63,919 (-67.1%), from €95,280 to €31,361
- Staff costs +€46,858
no longer reported in 2025 (was -€46,858)
- Write-downs +€29,107
up €29,107 (+167.4%), from €17,390 to €46,497
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 | €1,557,879 | €987,006 | -€570,873 | -36.6% |
| Fixed assets | 21/28 | - | €520,777 | +€520,777 | |
| Intangible fixed assets | 21 | - | €110,589 | +€110,589 | |
| Financial fixed assets | 28 | - | €410,188 | +€410,188 | |
| Current assets | 29/58 | €1,557,879 | €466,229 | -€1.1m | -70.1% |
| Amounts receivable within one year | 40/41 | €1,535,847 | €462,139 | -€1.1m | -69.9% |
| Trade receivables | 40 | €344,842 | €451,518 | +€106,676 | +30.9% |
| Other amounts receivable | 41 | €1,191,005 | €10,621 | -€1.2m | -99.1% |
| Cash at bank and in hand | 54/58 | €22,032 | €4,090 | -€17,942 | -81.4% |
| Total equity and liabilities | 10/49 | €1,557,879 | €987,006 | -€570,873 | -36.6% |
| Equity | 10/15 | €193,711 | €220,195 | +€26,485 | +13.7% |
| Contributions | 10/11 | €1,212,000 | €61,500 | -€1.2m | -94.9% |
| Capital | 10 | €1,212,000 | €61,500 | -€1.2m | -94.9% |
| Issued capital | 100 | €1,212,000 | €61,500 | -€1.2m | -94.9% |
| Reserves | 13 | €292,254 | €158,695 | -€133,559 | -45.7% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €289,156 | €155,597 | -€133,559 | -46.2% |
| Profit (loss) carried forward | 14 | -€1,310,544 | - | +€1.3m | |
| Amounts payable | 17/49 | €1,364,169 | €766,810 | -€597,358 | -43.8% |
| Amounts payable after more than one year | 17 | - | €534,172 | +€534,172 | |
| Other amounts payable | 178/9 | - | €534,172 | +€534,172 | |
| Amounts payable within one year | 42/48 | €1,364,169 | €87,395 | -€1.3m | -93.6% |
| Financial debts | 43 | €1,300,000 | €11,471 | -€1.3m | -99.1% |
| Credit institutions | 430/8 | €1,300,000 | €11,471 | -€1.3m | -99.1% |
| Trade debts | 44 | - | €75,924 | +€75,924 | |
| Suppliers | 440/4 | - | €75,924 | +€75,924 | |
| Taxes, remuneration and social security | 45 | €1,356 | - | -€1,356 | |
| Taxes | 450/3 | €1,356 | - | -€1,356 | |
| Other amounts payable | 47/48 | €62,813 | - | -€62,813 | |
| Accrued charges and deferred income | 492/3 | - | €145,244 | +€145,244 | |
| Remuneration, social security and pensions | 62 | -€46,858 | - | +€46,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,507 | +€8,507 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,390 | €46,497 | +€29,107 | +167.4% |
| Other operating charges | 640/8 | €1,605 | €1,257 | -€348 | -21.7% |
| Non-recurring operating charges | 66A | €42,532 | - | -€42,532 | |
| Gross operating margin | 9900 | €1,061,523 | -€57,157 | -€1.1m | |
| Operating profit (loss) | 9901 | €1,046,853 | -€113,418 | -€1.2m | |
| Financial income | 75/76B | €3,323 | €11,220 | +€7,897 | +237.6% |
| Recurring financial income | 75 | €3,323 | €11,220 | +€7,897 | +237.6% |
| Financial charges | 65/66B | €95,280 | €31,361 | -€63,919 | -67.1% |
| Recurring financial charges | 65 | €95,280 | €31,361 | -€63,919 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €954,896 | -€133,559 | -€1.1m | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €954,896 | -€133,559 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €954,896 | -€133,559 | -€1.1m |
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 30 September 2026 via checked.be.