Construction Services: 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 Services
Largest movements
- Stocks and contracts -€180,236
down €180,236 (-50.0%), from €360,472 to €180,236
- Receivables within one year -€19,050
down €19,050 (-74.8%), from €25,455 to €6,405
- Cash -€6,197
down €6,197 (-96.8%), from €6,404 to €207
mainly Other debts (-€229,136) and Net result for the year (-€14,007)
- Other debts -€229,136
down €229,136 (-76.7%), from €298,801 to €69,665
- Trade debts +€34,545
up €34,545 (+1139.2%), from €3,032 to €37,578
- Profit (loss) carried forward -€14,007
new in 2025: -€14,007
- Gross operating margin -€122,442
down €122,442, from €108,958 to -€13,484
- Taxes -€23,061
down €23,061 (-100.0%), from €23,062 to €1
- Financial income -€11,913
down €11,913 (-96.3%), from €12,365 to €452
- Financial charges -€2,691
down €2,691 (-84.7%), from €3,176 to €486
- Other operating charges -€2,293
down €2,293 (-91.5%), from €2,505 to €212
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 | €392,777 | €187,017 | -€205,760 | -52.4% |
| Fixed assets | 21/28 | €445 | €169 | -€277 | -62.1% |
| Tangible fixed assets | 22/27 | €445 | €169 | -€277 | -62.1% |
| Plant, machinery and equipment | 23 | €445 | €169 | -€277 | -62.1% |
| Current assets | 29/58 | €392,332 | €186,849 | -€205,483 | -52.4% |
| Stocks and contracts in progress | 3 | €360,472 | €180,236 | -€180,236 | -50.0% |
| Stocks | 30/36 | €360,472 | €180,236 | -€180,236 | -50.0% |
| Amounts receivable within one year | 40/41 | €25,455 | €6,405 | -€19,050 | -74.8% |
| Trade receivables | 40 | €25,455 | €6,405 | -€19,050 | -74.8% |
| Cash at bank and in hand | 54/58 | €6,404 | €207 | -€6,197 | -96.8% |
| Total equity and liabilities | 10/49 | €392,777 | €187,017 | -€205,760 | -52.4% |
| Equity | 10/15 | €71,161 | €57,155 | -€14,007 | -19.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €61,161 | €61,161 | = | 0.0% |
| Distributable reserves | 133 | €61,161 | €61,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,007 | -€14,007 | |
| Amounts payable | 17/49 | €321,616 | €129,863 | -€191,753 | -59.6% |
| Amounts payable within one year | 42/48 | €321,616 | €129,863 | -€191,753 | -59.6% |
| Trade debts | 44 | €3,032 | €37,578 | +€34,545 | +1139.2% |
| Suppliers | 440/4 | €3,032 | €37,578 | +€34,545 | +1139.2% |
| Taxes, remuneration and social security | 45 | €19,782 | €22,620 | +€2,838 | +14.3% |
| Taxes | 450/3 | €19,782 | €22,620 | +€2,838 | +14.3% |
| Other amounts payable | 47/48 | €298,801 | €69,665 | -€229,136 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €277 | = | 0.0% |
| Other operating charges | 640/8 | €2,505 | €212 | -€2,293 | -91.5% |
| Gross operating margin | 9900 | €108,958 | -€13,484 | -€122,442 | |
| Operating profit (loss) | 9901 | €106,177 | -€13,973 | -€120,150 | |
| Financial income | 75/76B | €12,365 | €452 | -€11,913 | -96.3% |
| Recurring financial income | 75 | €12,365 | €452 | -€11,913 | -96.3% |
| Financial charges | 65/66B | €3,176 | €486 | -€2,691 | -84.7% |
| Recurring financial charges | 65 | €3,176 | €486 | -€2,691 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €115,366 | -€14,006 | -€129,372 | |
| Income taxes | 67/77 | €23,062 | €1 | -€23,061 | -100.0% |
| Profit (loss) for the period | 9904 | €92,304 | -€14,007 | -€106,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,304 | -€14,007 | -€106,310 |
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 8 October 2026 via checked.be.