CPI-CONSTRUCTS: 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.
CPI-CONSTRUCTS
Largest movements
- Receivables within one year +€317,797
up €317,797 (+50.7%), from €627,336 to €945,134
of which Trade receivables: +€306,584
- Tangible fixed assets -€295,257
down €295,257 (-71.1%), from €415,204 to €119,947
of which Land and buildings: -€290,021
- Cash +€143,852
up €143,852 (+135.9%), from €105,838 to €249,690
mainly Other debts (+€289,015) and Current portion of long-term debt (+€278,231)
- Other debts +€289,015
up €289,015 (+166.2%), from €173,866 to €462,881
- Current portion of long-term debt +€278,231
up €278,231 (+73.6%), from €377,861 to €656,091
- Debts after one year -€181,091
down €181,091 (-24.9%), from €726,250 to €545,158
- Reserves -€176,769
down €176,769 (-21.5%), from €822,909 to €646,140
- Trade debts -€59,464
down €59,464 (-30.0%), from €198,213 to €138,749
- Gross operating margin +€214,147
up €214,147 (+87.3%), from €245,402 to €459,549
- Staff costs +€192,283
up €192,283 (+187.4%), from €102,624 to €294,907
- Taxes +€10,060
up €10,060 (+133.0%), from €7,565 to €17,625
- Financial charges -€8,081
down €8,081 (-20.0%), from €40,382 to €32,301
- Other operating charges +€5,654
up €5,654 (+66.9%), from €8,447 to €14,101
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 | €2,338,212 | €2,496,036 | +€157,824 | +6.7% |
| Fixed assets | 21/28 | €1,585,204 | €1,289,947 | -€295,257 | -18.6% |
| Tangible fixed assets | 22/27 | €415,204 | €119,947 | -€295,257 | -71.1% |
| Land and buildings | 22 | €391,944 | €101,923 | -€290,021 | -74.0% |
| Plant, machinery and equipment | 23 | €10,541 | €10,042 | -€498 | -4.7% |
| Furniture and vehicles | 24 | €12,719 | €7,981 | -€4,738 | -37.2% |
| Financial fixed assets | 28 | €1,170,000 | €1,170,000 | = | 0.0% |
| Current assets | 29/58 | €753,008 | €1,206,090 | +€453,081 | +60.2% |
| Stocks and contracts in progress | 3 | €11,462 | €8,100 | -€3,362 | -29.3% |
| Stocks | 30/36 | €11,462 | €8,100 | -€3,362 | -29.3% |
| Amounts receivable within one year | 40/41 | €627,336 | €945,134 | +€317,797 | +50.7% |
| Trade receivables | 40 | €594,811 | €901,395 | +€306,584 | +51.5% |
| Other amounts receivable | 41 | €32,525 | €43,739 | +€11,214 | +34.5% |
| Cash at bank and in hand | 54/58 | €105,838 | €249,690 | +€143,852 | +135.9% |
| Deferred charges and accrued income | 490/1 | €8,372 | €3,166 | -€5,206 | -62.2% |
| Total equity and liabilities | 10/49 | €2,338,212 | €2,496,036 | +€157,824 | +6.7% |
| Equity | 10/15 | €841,509 | €664,740 | -€176,769 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €822,909 | €646,140 | -€176,769 | -21.5% |
| Distributable reserves | 133 | €822,909 | €646,140 | -€176,769 | -21.5% |
| Amounts payable | 17/49 | €1,496,703 | €1,831,296 | +€334,593 | +22.4% |
| Amounts payable after more than one year | 17 | €726,250 | €545,158 | -€181,091 | -24.9% |
| Financial debts | 170/4 | €726,250 | €545,158 | -€181,091 | -24.9% |
| Amounts payable within one year | 42/48 | €768,079 | €1,281,600 | +€513,522 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €377,861 | €656,091 | +€278,231 | +73.6% |
| Trade debts | 44 | €198,213 | €138,749 | -€59,464 | -30.0% |
| Suppliers | 440/4 | €198,213 | €138,749 | -€59,464 | -30.0% |
| Taxes, remuneration and social security | 45 | €18,139 | €23,879 | +€5,740 | +31.6% |
| Taxes | 450/3 | €6,864 | €12,767 | +€5,903 | +86.0% |
| Remuneration and social security | 454/9 | €11,275 | €11,112 | -€163 | -1.4% |
| Other amounts payable | 47/48 | €173,866 | €462,881 | +€289,015 | +166.2% |
| Accrued charges and deferred income | 492/3 | €2,375 | €4,537 | +€2,162 | +91.0% |
| Non-recurring operating income | 76A | - | €107,280 | +€107,280 | |
| Remuneration, social security and pensions | 62 | €102,624 | €294,907 | +€192,283 | +187.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,567 | €66,783 | -€3,784 | -5.4% |
| Other operating charges | 640/8 | €8,447 | €14,101 | +€5,654 | +66.9% |
| Non-recurring operating charges | 66A | €185 | €104 | -€82 | -44.0% |
| Gross operating margin | 9900 | €245,402 | €459,549 | +€214,147 | +87.3% |
| Operating profit (loss) | 9901 | €63,578 | €83,653 | +€20,076 | +31.6% |
| Financial income | 75/76B | €1,897 | €31 | -€1,867 | -98.4% |
| Recurring financial income | 75 | €1,897 | €31 | -€1,867 | -98.4% |
| Financial charges | 65/66B | €40,382 | €32,301 | -€8,081 | -20.0% |
| Recurring financial charges | 65 | €40,382 | €32,301 | -€8,081 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €25,093 | €51,383 | +€26,289 | +104.8% |
| Income taxes | 67/77 | €7,565 | €17,625 | +€10,060 | +133.0% |
| Profit (loss) for the period | 9904 | €17,528 | €33,758 | +€16,230 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,528 | €33,758 | +€16,230 | +92.6% |
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 12 October 2026 via checked.be.