CONSTRUCTO: 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.
CONSTRUCTO
Largest movements
- Stocks and contracts +€1.5m
up €1.5m (+101.7%), from €1.5m to €3.0m
- Receivables within one year -€1.1m
down €1.1m (-92.8%), from €1.2m to €83,842
of which Trade receivables: -€1.1m
- Cash +€116,929
up €116,929 (+144.7%), from €80,821 to €197,750
mainly Advances received (+€1.3m) and Receivables within one year (+€1.1m)
- Advances received +€1.3m
up €1.3m (+266.0%), from €502,634 to €1.8m
- Trade debts -€748,574
down €748,574 (-78.6%), from €952,149 to €203,575
- Staff costs +€21,893
up €21,893 (+10.9%), from €200,920 to €222,813
- Gross operating margin -€21,487
down €21,487 (-8.1%), from €266,643 to €245,156
- Taxes -€14,372
down €14,372 (-77.7%), from €18,491 to €4,119
- Other operating charges +€12,225
up €12,225 (+340.0%), from €3,596 to €15,821
- Financial income -€3,707
down €3,707 (-23.5%), from €15,745 to €12,038
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 | €2,763,954 | €3,365,597 | +€601,644 | +21.8% |
| Fixed assets | 21/28 | €10,757 | €40,840 | +€30,083 | +279.6% |
| Tangible fixed assets | 22/27 | €6,347 | €36,430 | +€30,083 | +473.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,347 | €36,430 | +€30,083 | +473.9% |
| Financial fixed assets | 28 | €4,410 | €4,410 | = | 0.0% |
| Current assets | 29/58 | €2,753,197 | €3,324,757 | +€571,561 | +20.8% |
| Stocks and contracts in progress | 3 | €1,505,468 | €3,035,904 | +€1.5m | +101.7% |
| Contracts in progress | 37 | €1,505,468 | €3,035,904 | +€1.5m | +101.7% |
| Amounts receivable within one year | 40/41 | €1,159,544 | €83,842 | -€1.1m | -92.8% |
| Trade receivables | 40 | €1,050,024 | €0 | -€1.1m | -100.0% |
| Other amounts receivable | 41 | €109,520 | €83,842 | -€25,678 | -23.4% |
| Cash at bank and in hand | 54/58 | €80,821 | €197,750 | +€116,929 | +144.7% |
| Deferred charges and accrued income | 490/1 | €7,363 | €7,261 | -€102 | -1.4% |
| Total equity and liabilities | 10/49 | €2,763,954 | €3,365,597 | +€601,644 | +21.8% |
| Equity | 10/15 | €1,162,361 | €1,171,722 | +€9,361 | +0.8% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €939,256 | €948,617 | +€9,361 | +1.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Distributable reserves | 133 | €916,946 | €926,307 | +€9,361 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €126,589 | €126,589 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €126,589 | €126,589 | = | 0.0% |
| Pensions and similar obligations | 160 | €126,589 | €126,589 | = | 0.0% |
| Amounts payable | 17/49 | €1,475,004 | €2,067,287 | +€592,283 | +40.2% |
| Amounts payable within one year | 42/48 | €1,474,644 | €2,067,287 | +€592,643 | +40.2% |
| Trade debts | 44 | €952,149 | €203,575 | -€748,574 | -78.6% |
| Suppliers | 440/4 | €952,149 | €203,575 | -€748,574 | -78.6% |
| Advances received on contracts in progress | 46 | €502,634 | €1,839,594 | +€1.3m | +266.0% |
| Taxes, remuneration and social security | 45 | €19,862 | €24,119 | +€4,257 | +21.4% |
| Taxes | 450/3 | €2,966 | €5,011 | +€2,046 | +69.0% |
| Remuneration and social security | 454/9 | €16,896 | €19,107 | +€2,211 | +13.1% |
| Accrued charges and deferred income | 492/3 | €360 | €0 | -€360 | -100.0% |
| Remuneration, social security and pensions | 62 | €200,920 | €222,813 | +€21,893 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,773 | €3,369 | -€404 | -10.7% |
| Other operating charges | 640/8 | €3,596 | €15,821 | +€12,225 | +340.0% |
| Non-recurring operating charges | 66A | €3,020 | €97 | -€2,923 | -96.8% |
| Gross operating margin | 9900 | €266,643 | €245,156 | -€21,487 | -8.1% |
| Operating profit (loss) | 9901 | €55,334 | €3,057 | -€52,277 | -94.5% |
| Financial income | 75/76B | €15,745 | €12,038 | -€3,707 | -23.5% |
| Recurring financial income | 75 | €15,745 | €12,038 | -€3,707 | -23.5% |
| Financial charges | 65/66B | €1,215 | €1,615 | +€400 | +32.9% |
| Recurring financial charges | 65 | €1,215 | €1,615 | +€400 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €69,864 | €13,480 | -€56,384 | -80.7% |
| Income taxes | 67/77 | €18,491 | €4,119 | -€14,372 | -77.7% |
| Profit (loss) for the period | 9904 | €51,373 | €9,361 | -€42,012 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,373 | €9,361 | -€42,012 | -81.8% |
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 3 October 2026 via checked.be.