Construction Management Service: 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.
Construction Management Service
Largest movements
- Cash -€50,990
down €50,990 (-67.4%), from €75,657 to €24,667
mainly Net result for the year (-€46,858) and Investment in fixed assets (net) (-€10,962)
- Tangible fixed assets +€10,962
new in 2025: €10,962
- Receivables within one year -€8,857
down €8,857 (-33.8%), from €26,202 to €17,345
of which Trade receivables: -€12,124
- Profit (loss) carried forward -€46,858
down €46,858 (-66.6%), from €70,317 to €23,460
- Tax, wage and social debts -€8,068
down €8,068 (-44.9%), from €17,956 to €9,888
- Trade debts +€6,755
up €6,755 (+110%), from €6,133 to €12,888
- Gross operating margin -€81,666
down €81,666, from €38,353 to -€43,313
- Taxes -€5,835
down €5,835 (-75.6%), from €7,723 to €1,888
- Other operating charges -€619
down €619 (-32.0%), from €1,937 to €1,318
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.
Derived cash bridge
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 | €101,859 | €52,974 | -€48,885 | -48.0% |
| Fixed assets | 21/28 | - | €10,962 | +€10,962 | |
| Tangible fixed assets | 22/27 | - | €10,962 | +€10,962 | |
| Other tangible fixed assets | 26 | - | €10,962 | +€10,962 | |
| Current assets | 29/58 | €101,859 | €42,012 | -€59,847 | -58.8% |
| Amounts receivable within one year | 40/41 | €26,202 | €17,345 | -€8,857 | -33.8% |
| Trade receivables | 40 | €26,149 | €14,025 | -€12,124 | -46.4% |
| Other amounts receivable | 41 | €52 | €3,320 | +€3,267 | +6,242% |
| Cash at bank and in hand | 54/58 | €75,657 | €24,667 | -€50,990 | -67.4% |
| Total equity and liabilities | 10/49 | €101,859 | €52,974 | -€48,885 | -48.0% |
| Equity | 10/15 | €76,317 | €29,460 | -€46,858 | -61.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,317 | €23,460 | -€46,858 | -66.6% |
| Amounts payable | 17/49 | €25,542 | €23,514 | -€2,028 | -7.9% |
| Amounts payable within one year | 42/48 | €25,542 | €23,514 | -€2,028 | -7.9% |
| Trade debts | 44 | €6,133 | €12,888 | +€6,755 | +110% |
| Suppliers | 440/4 | €6,133 | €12,888 | +€6,755 | +110% |
| Taxes, remuneration and social security | 45 | €17,956 | €9,888 | -€8,068 | -44.9% |
| Taxes | 450/3 | €17,956 | €9,888 | -€8,068 | -44.9% |
| Other amounts payable | 47/48 | €1,453 | €738 | -€715 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | - | -€261 | |
| Other operating charges | 640/8 | €1,937 | €1,318 | -€619 | -32.0% |
| Non-recurring operating charges | 66A | €456 | €181 | -€275 | -60.3% |
| Gross operating margin | 9900 | €38,353 | -€43,313 | -€81,666 | |
| Operating profit (loss) | 9901 | €35,699 | -€44,812 | -€80,511 | |
| Financial charges | 65/66B | €534 | €158 | -€376 | -70.5% |
| Recurring financial charges | 65 | €534 | €158 | -€376 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €35,165 | -€44,969 | -€80,135 | |
| Income taxes | 67/77 | €7,723 | €1,888 | -€5,835 | -75.6% |
| Profit (loss) for the period | 9904 | €27,442 | -€46,858 | -€74,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,442 | -€46,858 | -€74,300 |
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 25 October 2026 via checked.be.