CONSTRUCTION LINK: 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 LINK
Largest movements
- Financial fixed assets +€145,705
up €145,705 (+3.9%), from €3.7m to €3.9m
- Profit (loss) carried forward +€137,398
up €137,398 (+3.8%), from €3.6m to €3.7m
- Financial income -€29,623
down €29,623 (-12.8%), from €232,329 to €202,705
- Financial charges -€9,865
down €9,865 (-64.9%), from €15,190 to €5,325
- Taxes -€5,354
down €5,354 (-9.7%), from €55,371 to €50,016
- Gross operating margin +€4,041
up €4,041 (+31.4%), from -€12,851 to -€8,809
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 | €3,942,379 | €4,084,470 | +€142,091 | +3.6% |
| Fixed assets | 21/28 | €3,737,562 | €3,883,267 | +€145,705 | +3.9% |
| Financial fixed assets | 28 | €3,737,562 | €3,883,267 | +€145,705 | +3.9% |
| Current assets | 29/58 | €204,817 | €201,203 | -€3,614 | -1.8% |
| Amounts receivable within one year | 40/41 | €204,011 | €201,146 | -€2,865 | -1.4% |
| Trade receivables | 40 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 41 | €4,011 | €1,146 | -€2,865 | -71.4% |
| Cash at bank and in hand | 54/58 | €806 | €56 | -€750 | -93.0% |
| Total equity and liabilities | 10/49 | €3,942,379 | €4,084,470 | +€142,091 | +3.6% |
| Equity | 10/15 | €3,854,962 | €3,992,360 | +€137,398 | +3.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,579,962 | €3,717,360 | +€137,398 | +3.8% |
| Amounts payable | 17/49 | €87,417 | €92,110 | +€4,693 | +5.4% |
| Amounts payable within one year | 42/48 | €87,417 | €92,110 | +€4,693 | +5.4% |
| Trade debts | 44 | €32,047 | €42,094 | +€10,047 | +31.4% |
| Suppliers | 440/4 | €32,047 | €42,094 | +€10,047 | +31.4% |
| Taxes, remuneration and social security | 45 | €55,371 | €50,016 | -€5,354 | -9.7% |
| Taxes | 450/3 | €55,371 | €50,016 | -€5,354 | -9.7% |
| Other operating charges | 640/8 | €1,094 | €1,157 | +€63 | +5.8% |
| Gross operating margin | 9900 | -€12,851 | -€8,809 | +€4,041 | +31.4% |
| Operating profit (loss) | 9901 | -€13,944 | -€9,966 | +€3,978 | +28.5% |
| Financial income | 75/76B | €232,329 | €202,705 | -€29,623 | -12.8% |
| Recurring financial income | 75 | €232,329 | €202,705 | -€29,623 | -12.8% |
| Financial charges | 65/66B | €15,190 | €5,325 | -€9,865 | -64.9% |
| Recurring financial charges | 65 | €15,190 | €5,325 | -€9,865 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €203,195 | €187,414 | -€15,781 | -7.8% |
| Income taxes | 67/77 | €55,371 | €50,016 | -€5,354 | -9.7% |
| Profit (loss) for the period | 9904 | €147,824 | €137,398 | -€10,426 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,824 | €137,398 | -€10,426 | -7.1% |
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 6 October 2026 via checked.be.