CONSTRUCTIVO: 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.
What changed
CONSTRUCTIVO
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€802,849
2024 · €309,330+€493,518
Equity
€2.8m
2024 · €2.5m+€363,230
Cash
€4.5m
2024 · €3.1m+€1.5m
Balance sheet total
€7.1m
2024 · €5.7m+€1.4m
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+48.3%), from €3.1m to €4.5m
mainly Debts after one year (+€3.6m) and Net result for the year (+€802,849)
Equity and liabilities
- Debts after one year +€3.6m
new in 2025: €3.6m
- Other debts -€2.5m
down €2.5m (-96.6%), from €2.6m to €89,100
- Reserves +€363,230
up €363,230 (+15.9%), from €2.3m to €2.6m
of which Distributable reserves: +€363,230
Income statement
- Gross operating margin +€742,411
up €742,411 (+114.8%), from €646,905 to €1.4m
- Taxes +€237,058
up €237,058 (+158.2%), from €149,806 to €386,864
- Financial income -€21,984
down €21,984 (-29.9%), from €73,614 to €51,630
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.
Result 2024
€309,330
Gross operating margin
+€742,411
Depreciation
+€4,774
Other operating charges
-€1,712
Financial income
-€21,984
Financial charges
+€7,087
Taxes
-€237,058
Result 2025
€802,849
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.
From operations
-€1.7m
Investment
€0
Financing
+€3.2m
Cash 2024
€3.1m
From operations (derived)
-€1.7m
Net result for the year
+€802,849
Depreciation
+€19,080
Receivables within one year
+€13,644
Smaller working-capital items
-€4,352
Tax, wage and social debts
+€33,655
Other debts
-€2.5m
Financing
+€3.2m
Debts after one year
+€3.6m
Contributions, distributions and other
-€439,618
Cash 2025
€4.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,673,535 | €7,112,282 | +€1.4m | +25.4% |
| Fixed assets | 21/28 | €1,723,735 | €1,704,654 | -€19,080 | -1.1% |
| Tangible fixed assets | 22/27 | €1,723,735 | €1,704,654 | -€19,080 | -1.1% |
| Land and buildings | 22 | €1,584,740 | €1,566,901 | -€17,839 | -1.1% |
| Furniture and vehicles | 24 | €1,241 | - | -€1,241 | |
| Assets under construction and advance payments | 27 | €137,753 | €137,753 | = | 0.0% |
| Current assets | 29/58 | €3,949,800 | €5,407,628 | +€1.5m | +36.9% |
| Stocks and contracts in progress | 3 | €713,297 | €713,297 | = | 0.0% |
| Stocks | 30/36 | €713,297 | €713,297 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €167,713 | €154,069 | -€13,644 | -8.1% |
| Trade receivables | 40 | €86,975 | €32,335 | -€54,640 | -62.8% |
| Other amounts receivable | 41 | €80,738 | €121,734 | +€40,996 | +50.8% |
| Cash at bank and in hand | 54/58 | €3,052,446 | €4,528,211 | +€1.5m | +48.3% |
| Deferred charges and accrued income | 490/1 | €16,344 | €12,051 | -€4,294 | -26.3% |
| Total equity and liabilities | 10/49 | €5,673,535 | €7,112,282 | +€1.4m | +25.4% |
| Equity | 10/15 | €2,482,822 | €2,846,053 | +€363,230 | +14.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,282,822 | €2,646,053 | +€363,230 | +15.9% |
| Non-distributable reserves | 130/1 | €20,250 | €20,250 | = | 0.0% |
| Legal reserve | 130 | €20,250 | €20,250 | = | 0.0% |
| Distributable reserves | 133 | €2,262,572 | €2,625,803 | +€363,230 | +16.1% |
| Provisions and deferred taxes | 16 | €229,764 | €229,764 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €229,764 | €229,764 | = | 0.0% |
| Pensions and similar obligations | 160 | €229,764 | €229,764 | = | 0.0% |
| Amounts payable | 17/49 | €2,960,949 | €4,036,466 | +€1.1m | +36.3% |
| Amounts payable after more than one year | 17 | - | €3,600,000 | +€3.6m | |
| Other amounts payable | 178/9 | - | €3,600,000 | +€3.6m | |
| Amounts payable within one year | 42/48 | €2,730,516 | €214,410 | -€2.5m | -92.1% |
| Trade debts | 44 | €3,853 | €3,586 | -€268 | -7.0% |
| Suppliers | 440/4 | €3,853 | €3,586 | -€268 | -7.0% |
| Taxes, remuneration and social security | 45 | €88,069 | €121,724 | +€33,655 | +38.2% |
| Taxes | 450/3 | €88,069 | €121,724 | +€33,655 | +38.2% |
| Other amounts payable | 47/48 | €2,638,593 | €89,100 | -€2.5m | -96.6% |
| Accrued charges and deferred income | 492/3 | €230,434 | €222,055 | -€8,378 | -3.6% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,854 | €19,080 | -€4,774 | -20.0% |
| Other operating charges | 640/8 | €11,249 | €12,962 | +€1,712 | +15.2% |
| Gross operating margin | 9900 | €646,905 | €1,389,316 | +€742,411 | +114.8% |
| Operating profit (loss) | 9901 | €611,801 | €1,357,274 | +€745,473 | +121.8% |
| Financial income | 75/76B | €73,614 | €51,630 | -€21,984 | -29.9% |
| Recurring financial income | 75 | €73,614 | €51,630 | -€21,984 | -29.9% |
| Financial charges | 65/66B | €226,279 | €219,192 | -€7,087 | -3.1% |
| Recurring financial charges | 65 | €226,279 | €219,192 | -€7,087 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €459,136 | €1,189,712 | +€730,576 | +159.1% |
| Income taxes | 67/77 | €149,806 | €386,864 | +€237,058 | +158.2% |
| Profit (loss) for the period | 9904 | €309,330 | €802,849 | +€493,518 | +159.5% |
| Profit (loss) for the period to be appropriated | 9905 | €309,330 | €802,849 | +€493,518 | +159.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.