CONSTRUCTIS: 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.
CONSTRUCTIS
Largest movements
- Current investments -€680,000
no longer reported in 2025 (was €680,000)
- Cash +€297,570
up €297,570 (+94.2%), from €316,024 to €613,594
mainly Current investments (+€680,000) and Advances received (+€256,232)
- Receivables within one year +€77,095
up €77,095 (+11.4%), from €678,893 to €755,987
of which Trade receivables: +€305,677
- Deferred charges and accrued income +€48,327
up €48,327 (+9476.1%), from €510 to €48,837
- Reserves -€857,972
down €857,972 (-37.8%), from €2.3m to €1.4m
- Advances received +€256,232
up €256,232 (+209.3%), from €122,397 to €378,628
- Trade debts +€236,057
up €236,057 (+121.7%), from €193,945 to €430,002
- Short-term financial debts +€130,000
new in 2025: €130,000
- Contributions -€55,964
down €55,964 (-10.7%), from €520,790 to €464,826
- Gross operating margin -€119,494
down €119,494 (-60.2%), from €198,614 to €79,120
- Financial charges +€50,849
up €50,849 (+297.5%), from €17,095 to €67,944
- Taxes -€41,914
down €41,914 (-77.7%), from €53,952 to €12,038
- Other operating charges -€25,141
down €25,141 (-95.7%), from €26,284 to €1,143
- Financial income -€22,596
down €22,596 (-37.1%), from €60,901 to €38,305
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 | €3,334,964 | €3,060,367 | -€274,598 | -8.2% |
| Fixed assets | 21/28 | €2,061 | €1,825 | -€236 | -11.5% |
| Tangible fixed assets | 22/27 | €236 | - | -€236 | |
| Plant, machinery and equipment | 23 | €236 | - | -€236 | |
| Financial fixed assets | 28 | €1,825 | €1,825 | = | 0.0% |
| Current assets | 29/58 | €3,332,903 | €3,058,542 | -€274,361 | -8.2% |
| Stocks and contracts in progress | 3 | €1,657,477 | €1,640,124 | -€17,353 | -1.0% |
| Stocks | 30/36 | €1,657,477 | €1,640,124 | -€17,353 | -1.0% |
| Amounts receivable within one year | 40/41 | €678,893 | €755,987 | +€77,095 | +11.4% |
| Trade receivables | 40 | €101,677 | €407,354 | +€305,677 | +300.6% |
| Other amounts receivable | 41 | €577,215 | €348,633 | -€228,582 | -39.6% |
| Current investments | 50/53 | €680,000 | - | -€680,000 | |
| Cash at bank and in hand | 54/58 | €316,024 | €613,594 | +€297,570 | +94.2% |
| Deferred charges and accrued income | 490/1 | €510 | €48,837 | +€48,327 | +9476.1% |
| Total equity and liabilities | 10/49 | €3,334,964 | €3,060,367 | -€274,598 | -8.2% |
| Equity | 10/15 | €2,791,736 | €1,877,800 | -€913,936 | -32.7% |
| Contributions | 10/11 | €520,790 | €464,826 | -€55,964 | -10.7% |
| Reserves | 13 | €2,270,947 | €1,412,974 | -€857,972 | -37.8% |
| Distributable reserves | 133 | €2,270,947 | €1,412,974 | -€857,972 | -37.8% |
| Amounts payable | 17/49 | €543,228 | €1,182,567 | +€639,339 | +117.7% |
| Amounts payable within one year | 42/48 | €505,390 | €1,176,412 | +€671,022 | +132.8% |
| Financial debts | 43 | - | €130,000 | +€130,000 | |
| Credit institutions | 430/8 | - | €130,000 | +€130,000 | |
| Trade debts | 44 | €193,945 | €430,002 | +€236,057 | +121.7% |
| Suppliers | 440/4 | €193,945 | €430,002 | +€236,057 | +121.7% |
| Advances received on contracts in progress | 46 | €122,397 | €378,628 | +€256,232 | +209.3% |
| Taxes, remuneration and social security | 45 | €41,082 | €58,440 | +€17,357 | +42.2% |
| Taxes | 450/3 | €41,082 | €58,440 | +€17,357 | +42.2% |
| Other amounts payable | 47/48 | €147,966 | €179,342 | +€31,376 | +21.2% |
| Accrued charges and deferred income | 492/3 | €37,838 | €6,155 | -€31,683 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €236 | -€126 | -34.8% |
| Other operating charges | 640/8 | €26,284 | €1,143 | -€25,141 | -95.7% |
| Gross operating margin | 9900 | €198,614 | €79,120 | -€119,494 | -60.2% |
| Operating profit (loss) | 9901 | €171,968 | €77,741 | -€94,227 | -54.8% |
| Financial income | 75/76B | €60,901 | €38,305 | -€22,596 | -37.1% |
| Recurring financial income | 75 | €60,901 | €38,305 | -€22,596 | -37.1% |
| Financial charges | 65/66B | €17,095 | €67,944 | +€50,849 | +297.5% |
| Recurring financial charges | 65 | €17,095 | €67,944 | +€50,849 | +297.5% |
| Profit (loss) for the period before taxes | 9903 | €215,774 | €48,102 | -€167,672 | -77.7% |
| Income taxes | 67/77 | €53,952 | €12,038 | -€41,914 | -77.7% |
| Profit (loss) for the period | 9904 | €161,822 | €36,064 | -€125,759 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €161,822 | €36,064 | -€125,759 | -77.7% |
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 4 October 2026 via checked.be.