CONSTRUX PROJECTS: 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.
What changed
CONSTRUX PROJECTS
NACE 77.320, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€280,040
2024 · €456,947-€176,907
Equity
€5.2m
2024 · €4.9m+€280,040
Cash
€797,123
2024 · €548,964+€248,159
Balance sheet total
€20.8m
2024 · €18.2m+€2.6m
Largest movements
Assets
- Receivables within one year +€3.6m
up €3.6m (+33.0%), from €10.9m to €14.5m
of which Trade receivables: +€3.1m
- Stocks and contracts -€2.0m
down €2.0m (-38.7%), from €5.1m to €3.2m
of which Contracts in progress: -€1.7m
- Deferred charges and accrued income +€918,908
up €918,908 (+538.2%), from €170,736 to €1.1m
- Cash +€248,159
up €248,159 (+45.2%), from €548,964 to €797,123
mainly Stocks and contracts (+€2.0m) and Trade debts (+€1.7m)
Equity and liabilities
- Trade debts +€1.7m
up €1.7m (+52.9%), from €3.2m to €4.9m
- Advances received +€1.5m
up €1.5m (+45.3%), from €3.3m to €4.8m
- Debts after one year -€891,275
down €891,275 (-64.2%), from €1.4m to €496,580
of which Other amounts payable: -€469,328
- Reserves +€280,040
up €280,040 (+6.5%), from €4.3m to €4.6m
of which Distributable reserves: +€280,040
Income statement
- Turnover +€4.8m
up €4.8m (+18.5%), from €26.1m to €30.9m
- Staff costs +€690,177
up €690,177 (+11.3%), from €6.1m to €6.8m
- Services and other goods +€671,641
up €671,641 (+17.0%), from €4.0m to €4.6m
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.
Result 2024
€456,947
Turnover
+€4.8m
Other operating income
+€51,688
Goods and materials
-€152,725
Services and other goods
-€671,641
Staff costs
-€690,177
Depreciation
+€170,981
Provisions
+€90,000
Other operating charges
+€2,206
Other operating items
-€3.9m
Financial income
+€1,851
Financial charges
+€31,967
Taxes
+€57,292
Result 2025
€280,040
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.
From operations
+€1.6m
Investment
-€303,273
Financing
-€1.1m
Cash 2024
€548,964
From operations (derived)
+€1.6m
Net result for the year
+€280,040
Depreciation
+€502,126
Stocks and contracts
+€2.0m
Receivables within one year
-€3.6m
Deferred charges and accrued income
-€918,908
Provisions
-€20,000
Trade debts
+€1.7m
Tax, wage and social debts
+€182,653
Advances received
+€1.5m
Other debts
+€93,309
Accrued charges and deferred income
-€121,050
Investment (derived)
-€303,273
Investment in fixed assets (net)
-€303,273
Financing
-€1.1m
Debts after one year
-€891,275
Current portion of long-term debt
-€131,304
Short-term financial debts
-€31,122
Cash 2025
€797,123
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,210,115 | €20,780,713 | +€2.6m | +14.1% |
| Fixed assets | 21/28 | €1,456,479 | €1,257,627 | -€198,853 | -13.7% |
| Intangible fixed assets | 21 | €133,237 | €127,116 | -€6,121 | -4.6% |
| Tangible fixed assets | 22/27 | €1,297,351 | €1,114,190 | -€183,161 | -14.1% |
| Land and buildings | 22 | €223,404 | €189,499 | -€33,904 | -15.2% |
| Plant, machinery and equipment | 23 | €758,784 | €772,739 | +€13,955 | +1.8% |
| Furniture and vehicles | 24 | €174,325 | €151,952 | -€22,374 | -12.8% |
| Leasing and similar rights | 25 | €140,838 | €0 | -€140,838 | -100.0% |
| Financial fixed assets | 28 | €25,891 | €16,320 | -€9,571 | -37.0% |
| Other financial fixed assets | 284/8 | €25,891 | €16,320 | -€9,571 | -37.0% |
| Shares | 284 | €14,570 | €14,570 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €11,321 | €1,750 | -€9,571 | -84.5% |
| Current assets | 29/58 | €16,753,636 | €19,523,087 | +€2.8m | +16.5% |
| Stocks and contracts in progress | 3 | €5,141,876 | €3,154,309 | -€2.0m | -38.7% |
| Stocks | 30/36 | €2,880,447 | €2,554,638 | -€325,810 | -11.3% |
| Raw materials and consumables | 30/31 | €627,675 | €439,851 | -€187,824 | -29.9% |
| Goods purchased for resale | 34 | €2,252,773 | €2,114,786 | -€137,986 | -6.1% |
| Contracts in progress | 37 | €2,261,429 | €599,671 | -€1.7m | -73.5% |
| Amounts receivable within one year | 40/41 | €10,892,060 | €14,482,011 | +€3.6m | +33.0% |
| Trade receivables | 40 | €6,831,854 | €9,968,250 | +€3.1m | +45.9% |
| Other amounts receivable | 41 | €4,060,206 | €4,513,761 | +€453,555 | +11.2% |
| Cash at bank and in hand | 54/58 | €548,964 | €797,123 | +€248,159 | +45.2% |
| Deferred charges and accrued income | 490/1 | €170,736 | €1,089,644 | +€918,908 | +538.2% |
| Total equity and liabilities | 10/49 | €18,210,115 | €20,780,713 | +€2.6m | +14.1% |
| Equity | 10/15 | €4,917,991 | €5,198,030 | +€280,040 | +5.7% |
| Contributions | 10/11 | €620,246 | €620,246 | = | 0.0% |
| Reserves | 13 | €4,297,744 | €4,577,784 | +€280,040 | +6.5% |
| Tax-exempt reserves | 132 | €43,525 | €43,525 | = | 0.0% |
| Distributable reserves | 133 | €4,254,219 | €4,534,258 | +€280,040 | +6.6% |
| Provisions and deferred taxes | 16 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Other liabilities and charges | 164/5 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Amounts payable | 17/49 | €13,222,124 | €15,532,683 | +€2.3m | +17.5% |
| Amounts payable after more than one year | 17 | €1,387,855 | €496,580 | -€891,275 | -64.2% |
| Financial debts | 170/4 | €918,527 | €496,580 | -€421,947 | -45.9% |
| Leasing and similar obligations | 172 | €120,116 | €0 | -€120,116 | -100.0% |
| Credit institutions | 173 | €798,410 | €496,580 | -€301,831 | -37.8% |
| Other amounts payable | 178/9 | €469,328 | €0 | -€469,328 | -100.0% |
| Amounts payable within one year | 42/48 | €11,691,362 | €15,014,246 | +€3.3m | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €553,251 | €421,947 | -€131,304 | -23.7% |
| Financial debts | 43 | €3,296,995 | €3,265,873 | -€31,122 | -0.9% |
| Credit institutions | 430/8 | €2,650,000 | €2,649,900 | -€100 | 0.0% |
| Other loans | 439 | €646,995 | €615,973 | -€31,022 | -4.8% |
| Trade debts | 44 | €3,232,566 | €4,941,670 | +€1.7m | +52.9% |
| Suppliers | 440/4 | €3,232,566 | €4,941,670 | +€1.7m | +52.9% |
| Advances received on contracts in progress | 46 | €3,314,440 | €4,814,685 | +€1.5m | +45.3% |
| Taxes, remuneration and social security | 45 | €1,236,977 | €1,419,630 | +€182,653 | +14.8% |
| Taxes | 450/3 | €481,963 | €419,443 | -€62,520 | -13.0% |
| Remuneration and social security | 454/9 | €755,014 | €1,000,186 | +€245,173 | +32.5% |
| Other amounts payable | 47/48 | €57,133 | €150,442 | +€93,309 | +163.3% |
| Accrued charges and deferred income | 492/3 | €142,907 | €21,857 | -€121,050 | -84.7% |
| Operating income | 70/76A | €28,407,130 | €29,449,870 | +€1.0m | +3.7% |
| Turnover | 70 | €26,064,622 | €30,886,426 | +€4.8m | +18.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,159,309 | -€1,661,758 | -€3.8m | |
| Other operating income | 74 | €171,213 | €222,901 | +€51,688 | +30.2% |
| Non-recurring operating income | 76A | €11,986 | €2,300 | -€9,686 | -80.8% |
| Operating charges | 60/66A | €27,526,232 | €28,836,989 | +€1.3m | +4.8% |
| Goods for resale, raw materials and consumables | 60 | €16,709,258 | €16,861,984 | +€152,725 | +0.9% |
| Purchases | 600/8 | €16,659,258 | €16,536,174 | -€123,084 | -0.7% |
| Change in stocks: decrease (increase) | 609 | €50,000 | €325,810 | +€275,809 | +551.6% |
| Services and other goods | 61 | €3,951,500 | €4,623,141 | +€671,641 | +17.0% |
| Remuneration, social security and pensions | 62 | €6,102,783 | €6,792,960 | +€690,177 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €673,107 | €502,126 | -€170,981 | -25.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €70,000 | -€20,000 | -€90,000 | |
| Other operating charges | 640/8 | €18,984 | €16,779 | -€2,206 | -11.6% |
| Non-recurring operating charges | 66A | €600 | €60,000 | +€59,400 | +9900.0% |
| Operating profit (loss) | 9901 | €880,898 | €612,881 | -€268,017 | -30.4% |
| Financial income | 75/76B | €60,342 | €62,193 | +€1,851 | +3.1% |
| Recurring financial income | 75 | €60,342 | €62,193 | +€1,851 | +3.1% |
| Income from financial fixed assets | 750 | €12,500 | €0 | -€12,500 | -100.0% |
| Income from current assets | 751 | €12,469 | €30,953 | +€18,484 | +148.2% |
| Other financial income | 752/9 | €35,374 | €31,240 | -€4,134 | -11.7% |
| Financial charges | 65/66B | €262,286 | €230,318 | -€31,967 | -12.2% |
| Recurring financial charges | 65 | €262,286 | €230,318 | -€31,967 | -12.2% |
| Debt charges | 650 | €240,589 | €191,884 | -€48,705 | -20.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €21,696 | €38,435 | +€16,738 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €678,955 | €444,756 | -€234,199 | -34.5% |
| Income taxes | 67/77 | €222,008 | €164,716 | -€57,292 | -25.8% |
| Taxes | 670/3 | €222,008 | €164,716 | -€57,292 | -25.8% |
| Profit (loss) for the period | 9904 | €456,947 | €280,040 | -€176,907 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €456,947 | €280,040 | -€176,907 | -38.7% |
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 4 October 2026 via checked.be.