CONSTRUTIVA: 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.
CONSTRUTIVA
Largest movements
- Receivables within one year +€11,879
up €11,879 (+16.3%), from €72,811 to €84,690
of which Other amounts receivable: +€23,231
- Tangible fixed assets -€8,861
down €8,861 (-6.2%), from €143,377 to €134,516
- Cash +€4,520
new in 2025: €4,520
mainly Net result for the year (+€21,217) and Trade debts (+€8,985)
- Profit (loss) carried forward +€21,217
up €21,217 (+56.2%), from €37,785 to €59,002
- Debts after one year -€13,501
down €13,501 (-15.0%), from €90,268 to €76,767
- Trade debts +€8,985
up €8,985 (+68.7%), from €13,086 to €22,070
- Other debts -€4,642
down €4,642 (-74.3%), from €6,246 to €1,605
- Tax, wage and social debts -€4,520
down €4,520 (-88.4%), from €5,112 to €592
of which Remuneration and social security: -€4,520
- Financial charges -€1,937
down €1,937 (-28.0%), from €6,914 to €4,978
- Depreciation -€752
down €752 (-7.8%), from €9,613 to €8,861
- Gross operating margin -€490
down €490 (-1.3%), from €37,983 to €37,493
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.
Derived cash bridge
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 | €216,557 | €224,095 | +€7,538 | +3.5% |
| Fixed assets | 21/28 | €143,730 | €134,869 | -€8,861 | -6.2% |
| Tangible fixed assets | 22/27 | €143,377 | €134,516 | -€8,861 | -6.2% |
| Land and buildings | 22 | €127,260 | €123,480 | -€3,780 | -3.0% |
| Furniture and vehicles | 24 | €14,496 | €10,872 | -€3,624 | -25.0% |
| Leasing and similar rights | 25 | €1,621 | €164 | -€1,457 | -89.9% |
| Financial fixed assets | 28 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €72,827 | €89,226 | +€16,399 | +22.5% |
| Amounts receivable within one year | 40/41 | €72,811 | €84,690 | +€11,879 | +16.3% |
| Trade receivables | 40 | €32,133 | €20,781 | -€11,352 | -35.3% |
| Other amounts receivable | 41 | €40,678 | €63,909 | +€23,231 | +57.1% |
| Cash at bank and in hand | 54/58 | - | €4,520 | +€4,520 | |
| Deferred charges and accrued income | 490/1 | €15 | €15 | = | 0.0% |
| Total equity and liabilities | 10/49 | €216,557 | €224,095 | +€7,538 | +3.5% |
| Equity | 10/15 | €51,845 | €73,062 | +€21,217 | +40.9% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,785 | €59,002 | +€21,217 | +56.2% |
| Amounts payable | 17/49 | €164,712 | €151,033 | -€13,679 | -8.3% |
| Amounts payable after more than one year | 17 | €90,268 | €76,767 | -€13,501 | -15.0% |
| Financial debts | 170/4 | €90,268 | €76,767 | -€13,501 | -15.0% |
| Amounts payable within one year | 42/48 | €74,444 | €74,267 | -€178 | -0.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €13,086 | €22,070 | +€8,985 | +68.7% |
| Suppliers | 440/4 | €13,086 | €22,070 | +€8,985 | +68.7% |
| Taxes, remuneration and social security | 45 | €5,112 | €592 | -€4,520 | -88.4% |
| Taxes | 450/3 | €592 | €592 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,520 | - | -€4,520 | |
| Other amounts payable | 47/48 | €6,246 | €1,605 | -€4,642 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,613 | €8,861 | -€752 | -7.8% |
| Other operating charges | 640/8 | €2,323 | €2,437 | +€114 | +4.9% |
| Gross operating margin | 9900 | €37,983 | €37,493 | -€490 | -1.3% |
| Operating profit (loss) | 9901 | €26,046 | €26,195 | +€148 | +0.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,914 | €4,978 | -€1,937 | -28.0% |
| Recurring financial charges | 65 | €6,914 | €4,978 | -€1,937 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €19,132 | €21,217 | +€2,085 | +10.9% |
| Profit (loss) for the period | 9904 | €19,132 | €21,217 | +€2,085 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,132 | €21,217 | +€2,085 | +10.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.