CONSTRUCTS: what changed
CONSTRUCTS
Largest movements
- Tangible fixed assets +€13,797
up €13,797 (+30,505%), from €45 to €13,843
- Receivables within one year +€8,231
up €8,231 (+66.3%), from €12,414 to €20,645
of which Trade receivables: +€8,100
- Cash -€5,286
down €5,286 (-31.8%), from €16,606 to €11,321
mainly Debts after one year (-€16,000) and Investment in fixed assets (net) (-€14,323)
- Receivables after one year -€3,062
down €3,062 (-18.2%), from €16,795 to €13,733
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Debts after one year -€16,000
down €16,000 (-48.5%), from €33,000 to €17,000
- Profit (loss) carried forward +€14,921
no longer reported in 2025 (was -€14,921)
- Trade debts +€9,210
up €9,210 (+1,710%), from €539 to €9,749
- Reserves +€7,316
up €7,316 (+387%), from €1,890 to €9,206
of which Distributable reserves: +€7,316
- Tax, wage and social debts +€3,832
up €3,832 (+266%), from €1,440 to €5,272
- Gross operating margin +€35,341
up €35,341, from -€1,762 to €33,579
- Taxes +€10,114
up €10,114 (+1,945%), from €520 to €10,634
- Depreciation -€785
down €785 (-59.9%), from €1,311 to €526
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,861 | €62,041 | +€16,180 | +35.3% |
| Fixed assets | 21/28 | €45 | €13,843 | +€13,797 | +30,505% |
| Tangible fixed assets | 22/27 | €45 | €13,843 | +€13,797 | +30,505% |
| Furniture and vehicles | 24 | €45 | €13,843 | +€13,797 | +30,505% |
| Current assets | 29/58 | €45,816 | €48,199 | +€2,383 | +5.2% |
| Amounts receivable after more than one year | 29 | €16,795 | €13,733 | -€3,062 | -18.2% |
| Other amounts receivable | 291 | €16,795 | €13,733 | -€3,062 | -18.2% |
| Amounts receivable within one year | 40/41 | €12,414 | €20,645 | +€8,231 | +66.3% |
| Trade receivables | 40 | €5,645 | €13,745 | +€8,100 | +143% |
| Other amounts receivable | 41 | €6,769 | €6,900 | +€131 | +1.9% |
| Cash at bank and in hand | 54/58 | €16,606 | €11,321 | -€5,286 | -31.8% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €45,861 | €62,041 | +€16,180 | +35.3% |
| Equity | 10/15 | €5,869 | €28,106 | +€22,237 | +379% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €1,890 | €9,206 | +€7,316 | +387% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | - | €7,316 | +€7,316 | |
| Profit (loss) carried forward | 14 | -€14,921 | - | +€14,921 | |
| Amounts payable | 17/49 | €39,992 | €33,936 | -€6,057 | -15.1% |
| Amounts payable after more than one year | 17 | €33,000 | €17,000 | -€16,000 | -48.5% |
| Other amounts payable | 178/9 | €33,000 | €17,000 | -€16,000 | -48.5% |
| Amounts payable within one year | 42/48 | €6,992 | €16,936 | +€9,943 | +142% |
| Trade debts | 44 | €539 | €9,749 | +€9,210 | +1,710% |
| Suppliers | 440/4 | €539 | €9,749 | +€9,210 | +1,710% |
| Taxes, remuneration and social security | 45 | €1,440 | €5,272 | +€3,832 | +266% |
| Taxes | 450/3 | €1,440 | €5,272 | +€3,832 | +266% |
| Other amounts payable | 47/48 | €5,014 | €1,916 | -€3,098 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €526 | -€785 | -59.9% |
| Other operating charges | 640/8 | €387 | €445 | +€58 | +14.9% |
| Gross operating margin | 9900 | -€1,762 | €33,579 | +€35,341 | |
| Operating profit (loss) | 9901 | -€3,461 | €32,608 | +€36,069 | |
| Financial income | 75/76B | €480 | €424 | -€56 | -11.6% |
| Recurring financial income | 75 | €480 | €424 | -€56 | -11.6% |
| Financial charges | 65/66B | €145 | €161 | +€16 | +11.2% |
| Recurring financial charges | 65 | €145 | €161 | +€16 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,126 | €32,871 | +€35,997 | |
| Income taxes | 67/77 | €520 | €10,634 | +€10,114 | +1,945% |
| Profit (loss) for the period | 9904 | -€3,646 | €22,237 | +€25,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,646 | €22,237 | +€25,882 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.