Construma: 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.
Construma
Largest movements
- Cash -€131,489
down €131,489 (-7.3%), from €1.8m to €1.7m
mainly Tax, wage and social debts (-€92,848) and Trade debts (-€89,329)
- Stocks and contracts -€49,502
down €49,502 (-8.4%), from €591,638 to €542,136
of which Contracts in progress: -€30,000
- Reserves +€94,496
up €94,496 (+6.6%), from €1.4m to €1.5m
of which Distributable reserves: +€90,327
- Tax, wage and social debts -€92,848
down €92,848 (-89.3%), from €104,028 to €11,180
of which Taxes: -€73,839
- Trade debts -€89,329
down €89,329 (-45.3%), from €197,105 to €107,776
- Advances received -€32,465
down €32,465 (-5.8%), from €563,237 to €530,772
- Gross operating margin -€104,844
down €104,844 (-25.2%), from €416,296 to €311,452
- Taxes -€44,088
down €44,088 (-52.4%), from €84,203 to €40,114
- Staff costs -€16,013
down €16,013 (-11.7%), from €136,358 to €120,345
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 | €2,817,559 | €2,683,216 | -€134,343 | -4.8% |
| Fixed assets | 21/28 | €58,212 | €71,592 | +€13,380 | +23.0% |
| Intangible fixed assets | 21 | €496 | €0 | -€496 | -100.0% |
| Tangible fixed assets | 22/27 | €57,716 | €71,592 | +€13,876 | +24.0% |
| Land and buildings | 22 | €954 | €477 | -€477 | -50.0% |
| Plant, machinery and equipment | 23 | €56,578 | €56,712 | +€134 | +0.2% |
| Furniture and vehicles | 24 | €184 | €10,696 | +€10,512 | +5711.1% |
| Other tangible fixed assets | 26 | - | €3,707 | +€3,707 | |
| Current assets | 29/58 | €2,759,347 | €2,611,623 | -€147,724 | -5.4% |
| Stocks and contracts in progress | 3 | €591,638 | €542,136 | -€49,502 | -8.4% |
| Stocks | 30/36 | €561,638 | €542,136 | -€19,502 | -3.5% |
| Contracts in progress | 37 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €352,860 | €375,906 | +€23,046 | +6.5% |
| Trade receivables | 40 | €352,860 | €349,186 | -€3,674 | -1.0% |
| Other amounts receivable | 41 | €0 | €26,720 | +€26,720 | |
| Cash at bank and in hand | 54/58 | €1,800,795 | €1,669,306 | -€131,489 | -7.3% |
| Deferred charges and accrued income | 490/1 | €14,054 | €24,275 | +€10,221 | +72.7% |
| Total equity and liabilities | 10/49 | €2,817,559 | €2,683,216 | -€134,343 | -4.8% |
| Equity | 10/15 | €1,780,543 | €1,875,039 | +€94,496 | +5.3% |
| Contributions | 10/11 | €356,570 | €356,570 | = | 0.0% |
| Capital | 10 | €356,570 | €356,570 | = | 0.0% |
| Issued capital | 100 | €356,570 | €356,570 | = | 0.0% |
| Reserves | 13 | €1,423,973 | €1,518,469 | +€94,496 | +6.6% |
| Non-distributable reserves | 130/1 | €31,488 | €35,657 | +€4,169 | +13.2% |
| Legal reserve | 130 | €31,488 | €35,657 | +€4,169 | +13.2% |
| Distributable reserves | 133 | €1,392,485 | €1,482,812 | +€90,327 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €158,448 | €158,448 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €158,448 | €158,448 | = | 0.0% |
| Pensions and similar obligations | 160 | €158,448 | €158,448 | = | 0.0% |
| Amounts payable | 17/49 | €878,568 | €649,728 | -€228,839 | -26.0% |
| Amounts payable within one year | 42/48 | €878,568 | €649,728 | -€228,839 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €197,105 | €107,776 | -€89,329 | -45.3% |
| Suppliers | 440/4 | €197,105 | €107,776 | -€89,329 | -45.3% |
| Advances received on contracts in progress | 46 | €563,237 | €530,772 | -€32,465 | -5.8% |
| Taxes, remuneration and social security | 45 | €104,028 | €11,180 | -€92,848 | -89.3% |
| Taxes | 450/3 | €73,839 | €0 | -€73,839 | -100.0% |
| Remuneration and social security | 454/9 | €30,189 | €11,180 | -€19,008 | -63.0% |
| Other amounts payable | 47/48 | €14,198 | €0 | -€14,198 | -100.0% |
| Remuneration, social security and pensions | 62 | €136,358 | €120,345 | -€16,013 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,655 | €12,258 | +€603 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €20,412 | €21,062 | +€651 | +3.2% |
| Non-recurring operating charges | 66A | €88 | €33,103 | +€33,015 | +37653.8% |
| Gross operating margin | 9900 | €416,296 | €311,452 | -€104,844 | -25.2% |
| Operating profit (loss) | 9901 | €247,783 | €124,683 | -€123,100 | -49.7% |
| Financial income | 75/76B | €15,857 | €13,889 | -€1,968 | -12.4% |
| Recurring financial income | 75 | €15,857 | €13,889 | -€1,968 | -12.4% |
| Financial charges | 65/66B | €3,657 | €3,962 | +€305 | +8.3% |
| Recurring financial charges | 65 | €3,657 | €3,962 | +€305 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €259,984 | €134,611 | -€125,373 | -48.2% |
| Income taxes | 67/77 | €84,203 | €40,114 | -€44,088 | -52.4% |
| Profit (loss) for the period | 9904 | €175,781 | €94,496 | -€81,285 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €175,781 | €94,496 | -€81,285 | -46.2% |
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 6 October 2026 via checked.be.