Constructline: 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.
Constructline
Largest movements
- Tangible fixed assets +€40,102
up €40,102 (+33.4%), from €120,176 to €160,278
of which Furniture and vehicles: +€28,168
- Cash -€23,930
down €23,930 (-30.9%), from €77,376 to €53,446
mainly Investment in fixed assets (net) (-€64,924) and Other debts (-€28,358)
- Receivables within one year -€2,412
down €2,412 (-28.2%), from €8,550 to €6,138
of which Other amounts receivable: -€2,516
- Other debts -€28,358
down €28,358 (-94.2%), from €30,105 to €1,747
- Reserves +€21,088
up €21,088 (+32.3%), from €65,384 to €86,472
- Debts after one year +€15,852
up €15,852 (+19.6%), from €81,059 to €96,911
- Trade debts +€4,785
up €4,785 (+51.3%), from €9,332 to €14,117
- Tax, wage and social debts -€4,461
down €4,461 (-81.5%), from €5,475 to €1,014
- Gross operating margin +€26,519
up €26,519 (+80.2%), from €33,059 to €59,578
- Depreciation +€7,504
up €7,504 (+43.3%), from €17,317 to €24,822
- Taxes +€2,516
up €2,516 (+75.7%), from €3,325 to €5,841
- Other operating charges +€1,358
up €1,358 (+38.1%), from €3,565 to €4,924
- Financial charges +€1,116
up €1,116 (+62.4%), from €1,788 to €2,904
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 | €213,483 | €225,629 | +€12,145 | +5.7% |
| Fixed assets | 21/28 | €120,176 | €160,278 | +€40,102 | +33.4% |
| Tangible fixed assets | 22/27 | €120,176 | €160,278 | +€40,102 | +33.4% |
| Land and buildings | 22 | €98,621 | €95,662 | -€2,959 | -3.0% |
| Plant, machinery and equipment | 23 | €12,653 | €27,547 | +€14,893 | +117.7% |
| Furniture and vehicles | 24 | €8,901 | €37,069 | +€28,168 | +316.5% |
| Current assets | 29/58 | €93,308 | €65,351 | -€27,957 | -30.0% |
| Stocks and contracts in progress | 3 | €4,477 | €4,745 | +€268 | +6.0% |
| Stocks | 30/36 | €4,477 | €4,745 | +€268 | +6.0% |
| Amounts receivable within one year | 40/41 | €8,550 | €6,138 | -€2,412 | -28.2% |
| Trade receivables | 40 | €3,875 | €3,979 | +€104 | +2.7% |
| Other amounts receivable | 41 | €4,675 | €2,159 | -€2,516 | -53.8% |
| Cash at bank and in hand | 54/58 | €77,376 | €53,446 | -€23,930 | -30.9% |
| Deferred charges and accrued income | 490/1 | €2,905 | €1,022 | -€1,883 | -64.8% |
| Total equity and liabilities | 10/49 | €213,483 | €225,629 | +€12,145 | +5.7% |
| Equity | 10/15 | €68,384 | €89,472 | +€21,088 | +30.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,384 | €86,472 | +€21,088 | +32.3% |
| Distributable reserves | 133 | €65,384 | €86,472 | +€21,088 | +32.3% |
| Amounts payable | 17/49 | €145,099 | €136,156 | -€8,943 | -6.2% |
| Amounts payable after more than one year | 17 | €81,059 | €96,911 | +€15,852 | +19.6% |
| Financial debts | 170/4 | €81,059 | €96,911 | +€15,852 | +19.6% |
| Amounts payable within one year | 42/48 | €64,040 | €39,245 | -€24,796 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €12,443 | €15,686 | +€3,243 | +26.1% |
| Financial debts | 43 | €6,685 | €6,681 | -€4 | -0.1% |
| Credit institutions | 430/8 | - | €6,681 | +€6,681 | |
| Other loans | 439 | €6,685 | - | -€6,685 | |
| Trade debts | 44 | €9,332 | €14,117 | +€4,785 | +51.3% |
| Suppliers | 440/4 | €9,332 | €14,117 | +€4,785 | +51.3% |
| Taxes, remuneration and social security | 45 | €5,475 | €1,014 | -€4,461 | -81.5% |
| Taxes | 450/3 | €5,475 | €1,014 | -€4,461 | -81.5% |
| Other amounts payable | 47/48 | €30,105 | €1,747 | -€28,358 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,317 | €24,822 | +€7,504 | +43.3% |
| Other operating charges | 640/8 | €3,565 | €4,924 | +€1,358 | +38.1% |
| Gross operating margin | 9900 | €33,059 | €59,578 | +€26,519 | +80.2% |
| Operating profit (loss) | 9901 | €12,176 | €29,833 | +€17,656 | +145.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.6% |
| Financial charges | 65/66B | €1,788 | €2,904 | +€1,116 | +62.4% |
| Recurring financial charges | 65 | €1,788 | €2,904 | +€1,116 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €10,393 | €26,929 | +€16,536 | +159.1% |
| Income taxes | 67/77 | €3,325 | €5,841 | +€2,516 | +75.7% |
| Profit (loss) for the period | 9904 | €7,068 | €21,088 | +€14,020 | +198.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,068 | €21,088 | +€14,020 | +198.3% |
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 28 September 2026 via checked.be.