CONTRACTMAKERS: 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.
CONTRACTMAKERS
Largest movements
- Tangible fixed assets +€184,990
up €184,990 (+36.4%), from €507,526 to €692,516
of which Land and buildings: +€200,187
- Receivables within one year +€35,262
up €35,262 (+58.1%), from €60,702 to €95,964
of which Other amounts receivable: +€31,713
- Cash +€31,023
up €31,023 (+589.3%), from €5,264 to €36,287
mainly Debts after one year (+€183,045) and Net result for the year (+€47,539)
- Debts after one year +€183,045
up €183,045 (+56.5%), from €323,940 to €506,985
- Reserves +€47,539
up €47,539 (+23.9%), from €199,240 to €246,779
- Current portion of long-term debt +€21,283
up €21,283 (+64.2%), from €33,146 to €54,429
- Gross operating margin -€11,781
down €11,781 (-8.2%), from €143,608 to €131,827
- Taxes -€4,874
down €4,874 (-15.3%), from €31,783 to €26,909
- Other operating charges -€1,834
down €1,834 (-37.2%), from €4,922 to €3,089
- Depreciation +€1,739
up €1,739 (+5.0%), from €34,784 to €36,523
- Financial income +€1,634
up €1,634 (+97.5%), from €1,677 to €3,311
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 | €584,709 | €834,537 | +€249,829 | +42.7% |
| Fixed assets | 21/28 | €507,526 | €692,516 | +€184,990 | +36.4% |
| Tangible fixed assets | 22/27 | €507,526 | €692,516 | +€184,990 | +36.4% |
| Land and buildings | 22 | €442,165 | €642,351 | +€200,187 | +45.3% |
| Plant, machinery and equipment | 23 | €10,561 | €9,625 | -€936 | -8.9% |
| Furniture and vehicles | 24 | €54,800 | €40,540 | -€14,261 | -26.0% |
| Current assets | 29/58 | €77,182 | €142,021 | +€64,839 | +84.0% |
| Amounts receivable within one year | 40/41 | €60,702 | €95,964 | +€35,262 | +58.1% |
| Trade receivables | 40 | €18,695 | €22,244 | +€3,549 | +19.0% |
| Other amounts receivable | 41 | €42,007 | €73,719 | +€31,713 | +75.5% |
| Cash at bank and in hand | 54/58 | €5,264 | €36,287 | +€31,023 | +589.3% |
| Deferred charges and accrued income | 490/1 | €11,217 | €9,771 | -€1,446 | -12.9% |
| Total equity and liabilities | 10/49 | €584,709 | €834,537 | +€249,829 | +42.7% |
| Equity | 10/15 | €199,340 | €246,879 | +€47,539 | +23.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €199,240 | €246,779 | +€47,539 | +23.9% |
| Distributable reserves | 133 | €199,240 | €246,779 | +€47,539 | +23.9% |
| Amounts payable | 17/49 | €385,369 | €587,659 | +€202,290 | +52.5% |
| Amounts payable after more than one year | 17 | €323,940 | €506,985 | +€183,045 | +56.5% |
| Financial debts | 170/4 | €323,940 | €506,985 | +€183,045 | +56.5% |
| Amounts payable within one year | 42/48 | €60,599 | €80,591 | +€19,992 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €33,146 | €54,429 | +€21,283 | +64.2% |
| Financial debts | 43 | €5,937 | €5,833 | -€103 | -1.7% |
| Credit institutions | 430/8 | €5,937 | €5,833 | -€103 | -1.7% |
| Trade debts | 44 | €1,510 | €1,559 | +€49 | +3.2% |
| Suppliers | 440/4 | €1,510 | €1,559 | +€49 | +3.2% |
| Taxes, remuneration and social security | 45 | €20,006 | €18,770 | -€1,236 | -6.2% |
| Taxes | 450/3 | €20,006 | €18,770 | -€1,236 | -6.2% |
| Accrued charges and deferred income | 492/3 | €830 | €83 | -€747 | -90.0% |
| Non-recurring operating income | 76A | €392 | - | -€392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,784 | €36,523 | +€1,739 | +5.0% |
| Other operating charges | 640/8 | €4,922 | €3,089 | -€1,834 | -37.2% |
| Non-recurring operating charges | 66A | - | €8,867 | +€8,867 | |
| Gross operating margin | 9900 | €143,608 | €131,827 | -€11,781 | -8.2% |
| Operating profit (loss) | 9901 | €103,901 | €83,348 | -€20,553 | -19.8% |
| Financial income | 75/76B | €1,677 | €3,311 | +€1,634 | +97.5% |
| Recurring financial income | 75 | €1,677 | €3,311 | +€1,634 | +97.5% |
| Financial charges | 65/66B | €11,393 | €12,211 | +€818 | +7.2% |
| Recurring financial charges | 65 | €11,393 | €12,211 | +€818 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €94,185 | €74,448 | -€19,737 | -21.0% |
| Income taxes | 67/77 | €31,783 | €26,909 | -€4,874 | -15.3% |
| Profit (loss) for the period | 9904 | €62,402 | €47,539 | -€14,863 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,402 | €47,539 | -€14,863 | -23.8% |
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 28 September 2026 via checked.be.