DESIGN AND CONSTRUCTION: 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.
DESIGN AND CONSTRUCTION
Largest movements
- Receivables within one year +€64,909
up €64,909 (+35.0%), from €185,660 to €250,568
of which Trade receivables: +€41,296
- Tangible fixed assets -€3,757
down €3,757 (-29.2%), from €12,855 to €9,098
- Trade debts +€41,343
up €41,343 (+97.5%), from €42,386 to €83,728
- Profit (loss) carried forward +€22,001
up €22,001 (+49.3%), from €44,590 to €66,591
- Staff costs +€23,470
new in 2025: €23,470
- Other operating charges -€7,434
down €7,434 (-65.0%), from €11,442 to €4,007
- Gross operating margin +€5,807
up €5,807 (+10.0%), from €58,345 to €64,152
- Taxes -€1,827
down €1,827 (-17.2%), from €10,605 to €8,778
- Depreciation +€1,126
up €1,126 (+31.0%), from €3,630 to €4,756
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 | €204,667 | €267,832 | +€63,166 | +30.9% |
| Fixed assets | 21/28 | €12,855 | €9,098 | -€3,757 | -29.2% |
| Tangible fixed assets | 22/27 | €12,855 | €9,098 | -€3,757 | -29.2% |
| Plant, machinery and equipment | 23 | €1,694 | €731 | -€962 | -56.8% |
| Furniture and vehicles | 24 | €4,594 | €3,441 | -€1,153 | -25.1% |
| Other tangible fixed assets | 26 | €6,568 | €4,926 | -€1,642 | -25.0% |
| Current assets | 29/58 | €191,811 | €258,734 | +€66,923 | +34.9% |
| Amounts receivable within one year | 40/41 | €185,660 | €250,568 | +€64,909 | +35.0% |
| Trade receivables | 40 | €150,457 | €191,753 | +€41,296 | +27.4% |
| Other amounts receivable | 41 | €35,203 | €58,816 | +€23,613 | +67.1% |
| Cash at bank and in hand | 54/58 | €5,087 | €7,318 | +€2,231 | +43.9% |
| Deferred charges and accrued income | 490/1 | €1,065 | €848 | -€217 | -20.4% |
| Total equity and liabilities | 10/49 | €204,667 | €267,832 | +€63,166 | +30.9% |
| Equity | 10/15 | €123,373 | €145,374 | +€22,001 | +17.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €60,233 | €60,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,115 | €2,115 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,115 | €2,115 | = | 0.0% |
| Distributable reserves | 133 | €58,118 | €58,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,590 | €66,591 | +€22,001 | +49.3% |
| Provisions and deferred taxes | 16 | €2,955 | €2,955 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,955 | €2,955 | = | 0.0% |
| Environmental obligations | 163 | €2,955 | €2,955 | = | 0.0% |
| Amounts payable | 17/49 | €78,338 | €119,504 | +€41,165 | +52.5% |
| Amounts payable within one year | 42/48 | €77,988 | €119,504 | +€41,515 | +53.2% |
| Trade debts | 44 | €42,386 | €83,728 | +€41,343 | +97.5% |
| Suppliers | 440/4 | €42,386 | €83,728 | +€41,343 | +97.5% |
| Advances received on contracts in progress | 46 | €5,465 | €5,465 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,983 | €20,236 | +€1,254 | +6.6% |
| Taxes | 450/3 | €18,983 | €20,236 | +€1,254 | +6.6% |
| Other amounts payable | 47/48 | €11,156 | €10,075 | -€1,081 | -9.7% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Remuneration, social security and pensions | 62 | - | €23,470 | +€23,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €4,756 | +€1,126 | +31.0% |
| Other operating charges | 640/8 | €11,442 | €4,007 | -€7,434 | -65.0% |
| Gross operating margin | 9900 | €58,345 | €64,152 | +€5,807 | +10.0% |
| Operating profit (loss) | 9901 | €43,273 | €31,919 | -€11,354 | -26.2% |
| Financial income | 75/76B | €1,339 | €2,169 | +€830 | +62.0% |
| Recurring financial income | 75 | €1,339 | €2,169 | +€830 | +62.0% |
| Financial charges | 65/66B | €2,673 | €2,236 | -€437 | -16.4% |
| Recurring financial charges | 65 | €2,673 | €2,236 | -€437 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €41,939 | €31,852 | -€10,086 | -24.1% |
| Income taxes | 67/77 | €10,605 | €8,778 | -€1,827 | -17.2% |
| Profit (loss) for the period | 9904 | €31,334 | €23,074 | -€8,259 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,334 | €23,074 | -€8,259 | -26.4% |
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 30 October 2026 via checked.be.