Construx Group: 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.
Construx Group
Largest movements
- Financial fixed assets +€11.1m
up €11.1m (+66.8%), from €16.6m to €27.6m
- Receivables within one year +€1.6m
up €1.6m (+85.0%), from €1.9m to €3.5m
of which Other amounts receivable: +€977,357
- Cash +€346,706
up €346,706 (+1,002%), from €34,602 to €381,309
mainly Debts after one year (+€12.4m) and Current portion of long-term debt (+€2.0m)
- Debts after one year +€12.4m
up €12.4m (+177%), from €7.0m to €19.4m
of which Other amounts payable: +€6.2m
- Current portion of long-term debt +€2.0m
up €2.0m (+2,632%), from €76,635 to €2.1m
- Other debts -€1.3m
down €1.3m (-80.0%), from €1.7m to €332,307
- Contributions +€1.0m
up €1.0m (+28.5%), from €3.6m to €4.6m
- Short-term financial debts -€985,242
down €985,242 (-91.9%), from €1.1m to €86,322
of which Credit institutions: -€1.0m
- Gross operating margin +€395,277
up €395,277 (+39.3%), from €1.0m to €1.4m
- Financial charges +€129,137
up €129,137 (+23.1%), from €559,175 to €688,312
- Staff costs +€125,909
up €125,909 (+14.3%), from €882,388 to €1.0m
- Financial income -€90,985
down €90,985 (-19.7%), from €462,701 to €371,715
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 | €18,552,041 | €31,634,320 | +€13.1m | +70.5% |
| Formation expenses | 20 | - | €40,334 | +€40,334 | |
| Fixed assets | 21/28 | €16,551,932 | €27,635,151 | +€11.1m | +67.0% |
| Intangible fixed assets | 21 | - | €31,017 | +€31,017 | |
| Financial fixed assets | 28 | €16,551,932 | €27,604,134 | +€11.1m | +66.8% |
| Current assets | 29/58 | €2,000,110 | €3,958,835 | +€2.0m | +97.9% |
| Amounts receivable within one year | 40/41 | €1,871,299 | €3,461,516 | +€1.6m | +85.0% |
| Trade receivables | 40 | €826,245 | €1,439,105 | +€612,860 | +74.2% |
| Other amounts receivable | 41 | €1,045,054 | €2,022,411 | +€977,357 | +93.5% |
| Cash at bank and in hand | 54/58 | €34,602 | €381,309 | +€346,706 | +1,002% |
| Deferred charges and accrued income | 490/1 | €94,208 | €116,010 | +€21,802 | +23.1% |
| Total equity and liabilities | 10/49 | €18,552,041 | €31,634,320 | +€13.1m | +70.5% |
| Equity | 10/15 | €7,762,896 | €8,817,207 | +€1.1m | +13.6% |
| Contributions | 10/11 | €3,551,221 | €4,563,621 | +€1.0m | +28.5% |
| Reserves | 13 | €4,211,675 | €4,253,585 | +€41,910 | +1.0% |
| Non-distributable reserves | 130/1 | €30,170 | €30,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,170 | €30,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,403 | €34,403 | = | 0.0% |
| Distributable reserves | 133 | €4,147,102 | €4,189,012 | +€41,910 | +1.0% |
| Amounts payable | 17/49 | €10,789,145 | €22,817,113 | +€12.0m | +111% |
| Amounts payable after more than one year | 17 | €6,984,851 | €19,353,613 | +€12.4m | +177% |
| Financial debts | 170/4 | €5,877,568 | €12,054,979 | +€6.2m | +105% |
| Other amounts payable | 178/9 | €1,107,283 | €7,298,635 | +€6.2m | +559% |
| Amounts payable within one year | 42/48 | €3,762,973 | €3,410,946 | -€352,027 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €76,635 | €2,093,887 | +€2.0m | +2,632% |
| Financial debts | 43 | €1,071,565 | €86,322 | -€985,242 | -91.9% |
| Credit institutions | 430/8 | €1,000,000 | - | -€1.0m | |
| Other loans | 439 | €71,565 | €86,322 | +€14,758 | +20.6% |
| Trade debts | 44 | €729,128 | €647,690 | -€81,438 | -11.2% |
| Suppliers | 440/4 | €729,128 | €647,690 | -€81,438 | -11.2% |
| Taxes, remuneration and social security | 45 | €221,957 | €250,740 | +€28,782 | +13.0% |
| Taxes | 450/3 | €77,686 | €61,653 | -€16,032 | -20.6% |
| Remuneration and social security | 454/9 | €144,271 | €189,086 | +€44,815 | +31.1% |
| Other amounts payable | 47/48 | €1,663,688 | €332,307 | -€1.3m | -80.0% |
| Accrued charges and deferred income | 492/3 | €41,320 | €52,554 | +€11,233 | +27.2% |
| Non-recurring operating income | 76A | €8,690 | - | -€8,690 | |
| Remuneration, social security and pensions | 62 | €882,388 | €1,008,297 | +€125,909 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,626 | +€11,626 | |
| Other operating charges | 640/8 | €4,831 | €1,246 | -€3,585 | -74.2% |
| Gross operating margin | 9900 | €1,005,992 | €1,401,269 | +€395,277 | +39.3% |
| Operating profit (loss) | 9901 | €118,773 | €380,099 | +€261,326 | +220% |
| Financial income | 75/76B | €462,701 | €371,715 | -€90,985 | -19.7% |
| Recurring financial income | 75 | €462,701 | €371,715 | -€90,985 | -19.7% |
| Financial charges | 65/66B | €559,175 | €688,312 | +€129,137 | +23.1% |
| Recurring financial charges | 65 | €559,175 | €688,312 | +€129,137 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €22,299 | €63,503 | +€41,204 | +185% |
| Income taxes | 67/77 | €18,662 | €21,593 | +€2,930 | +15.7% |
| Profit (loss) for the period | 9904 | €3,637 | €41,910 | +€38,273 | +1,052% |
| Profit (loss) for the period to be appropriated | 9905 | €3,637 | €41,910 | +€38,273 | +1,052% |
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 18 October 2026 via checked.be.