Contractor, Real Estate Constructions: what changed
What changed
Contractor, Real Estate Constructions
filed annual accounts (NBB)
Net result for the year
€642
2024 · €1,389-€747
Equity
€532,747
2024 · €532,105+€642
Cash
€5,117
2024 · €5,203-€86
Balance sheet total
€655,287
2024 · €665,669-€10,382
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€11,362
down €11,362 (-10.3%), from €110,296 to €98,935
Income statement
- Gross operating margin +€4,926
up €4,926 (+52.9%), from €9,309 to €14,235
- Financial income -€4,520
down €4,520 (-65.7%), from €6,876 to €2,355
- Financial charges +€1,959
up €1,959 (+64.9%), from €3,019 to €4,978
- Depreciation -€640
down €640 (-8.9%), from €7,182 to €6,542
- Taxes -€270
down €270 (-22.1%), from €1,223 to €953
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,389
Gross operating margin
+€4,926
Depreciation
+€640
Other operating charges
-€104
Financial income
-€4,520
Financial charges
-€1,959
Taxes
+€270
Result 2025
€642
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,287
Investment
-€2,366
Financing
-€11,007
Cash 2024
€5,203
From operations (derived)
+€13,287
Net result for the year
+€642
Depreciation
+€6,542
Receivables within one year
+€6,120
Deferred charges and accrued income
-€0
Trade debts
+€45
Other debts
-€61
Investment (derived)
-€2,366
Investment in fixed assets (net)
-€1,170
Current investments
-€1,196
Financing
-€11,007
Debts after one year
-€11,362
Current portion of long-term debt
+€354
Cash 2025
€5,117
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €665,669 | €655,287 | -€10,382 | -1.6% |
| Fixed assets | 21/28 | €450,688 | €445,315 | -€5,372 | -1.2% |
| Tangible fixed assets | 22/27 | €450,688 | €445,315 | -€5,372 | -1.2% |
| Land and buildings | 22 | €450,688 | €444,394 | -€6,293 | -1.4% |
| Plant, machinery and equipment | 23 | - | €921 | +€921 | |
| Current assets | 29/58 | €214,982 | €209,972 | -€5,010 | -2.3% |
| Amounts receivable within one year | 40/41 | €9,713 | €3,593 | -€6,120 | -63.0% |
| Other amounts receivable | 41 | €9,713 | €3,593 | -€6,120 | -63.0% |
| Current investments | 50/53 | €200,000 | €201,196 | +€1,196 | +0.6% |
| Cash at bank and in hand | 54/58 | €5,203 | €5,117 | -€86 | -1.6% |
| Deferred charges and accrued income | 490/1 | €66 | €66 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €665,669 | €655,287 | -€10,382 | -1.6% |
| Equity | 10/15 | €532,105 | €532,747 | +€642 | +0.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Capital | 10 | €130,000 | €130,000 | = | 0.0% |
| Issued capital | 100 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €299,544 | €300,186 | +€642 | +0.2% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Legal reserve | 130 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €286,544 | €287,186 | +€642 | +0.2% |
| Profit (loss) carried forward | 14 | €102,561 | €102,561 | = | 0.0% |
| Amounts payable | 17/49 | €133,564 | €122,540 | -€11,024 | -8.3% |
| Amounts payable after more than one year | 17 | €110,296 | €98,935 | -€11,362 | -10.3% |
| Financial debts | 170/4 | €110,296 | €98,935 | -€11,362 | -10.3% |
| Amounts payable within one year | 42/48 | €23,268 | €23,606 | +€338 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €11,007 | €11,362 | +€354 | +3.2% |
| Trade debts | 44 | - | €45 | +€45 | |
| Suppliers | 440/4 | - | €45 | +€45 | |
| Other amounts payable | 47/48 | €12,260 | €12,199 | -€61 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,182 | €6,542 | -€640 | -8.9% |
| Other operating charges | 640/8 | €3,371 | €3,475 | +€104 | +3.1% |
| Gross operating margin | 9900 | €9,309 | €14,235 | +€4,926 | +52.9% |
| Operating profit (loss) | 9901 | -€1,245 | €4,217 | +€5,462 | |
| Financial income | 75/76B | €6,876 | €2,355 | -€4,520 | -65.7% |
| Recurring financial income | 75 | €6,876 | €2,355 | -€4,520 | -65.7% |
| Financial charges | 65/66B | €3,019 | €4,978 | +€1,959 | +64.9% |
| Recurring financial charges | 65 | €3,019 | €4,978 | +€1,959 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €2,612 | €1,595 | -€1,017 | -38.9% |
| Income taxes | 67/77 | €1,223 | €953 | -€270 | -22.1% |
| Profit (loss) for the period | 9904 | €1,389 | €642 | -€747 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,389 | €642 | -€747 | -53.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.