E-CONSTRUCT: 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.
E-CONSTRUCT
Largest movements
- Stocks and contracts -€279,656
no longer reported in 2025 (was €279,656)
- Receivables within one year -€67,620
down €67,620 (-96.4%), from €70,120 to €2,500
of which Trade receivables: -€57,500
- Cash +€12,869
up €12,869 (+55.9%), from €23,014 to €35,884
mainly Stocks and contracts (+€279,656) and Receivables within one year (+€67,620)
- Other debts -€231,583
down €231,583 (-99.8%), from €232,067 to €483
- Trade debts -€89,264
down €89,264 (-83.3%), from €107,102 to €17,839
- Reserves -€13,875
down €13,875 (-55.5%), from €24,995 to €11,120
- Gross operating margin -€138,887
down €138,887, from €122,521 to -€16,366
- Financial income +€2,800
up €2,800 (+699.3%), from €400 to €3,201
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 | €373,163 | €38,441 | -€334,722 | -89.7% |
| Fixed assets | 21/28 | €373 | €58 | -€315 | -84.5% |
| Tangible fixed assets | 22/27 | €373 | €58 | -€315 | -84.5% |
| Plant, machinery and equipment | 23 | €373 | €58 | -€315 | -84.5% |
| Current assets | 29/58 | €372,791 | €38,384 | -€334,407 | -89.7% |
| Stocks and contracts in progress | 3 | €279,656 | - | -€279,656 | |
| Stocks | 30/36 | €279,656 | - | -€279,656 | |
| Amounts receivable within one year | 40/41 | €70,120 | €2,500 | -€67,620 | -96.4% |
| Trade receivables | 40 | €57,500 | - | -€57,500 | |
| Other amounts receivable | 41 | €12,620 | €2,500 | -€10,120 | -80.2% |
| Cash at bank and in hand | 54/58 | €23,014 | €35,884 | +€12,869 | +55.9% |
| Total equity and liabilities | 10/49 | €373,163 | €38,441 | -€334,722 | -89.7% |
| Equity | 10/15 | €33,995 | €20,120 | -€13,875 | -40.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €24,995 | €11,120 | -€13,875 | -55.5% |
| Distributable reserves | 133 | €24,995 | €11,120 | -€13,875 | -55.5% |
| Amounts payable | 17/49 | €339,169 | €18,322 | -€320,847 | -94.6% |
| Amounts payable within one year | 42/48 | €339,169 | €18,322 | -€320,847 | -94.6% |
| Trade debts | 44 | €107,102 | €17,839 | -€89,264 | -83.3% |
| Suppliers | 440/4 | €107,102 | €17,839 | -€89,264 | -83.3% |
| Other amounts payable | 47/48 | €232,067 | €483 | -€231,583 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €315 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €124 | -€263 | -68.0% |
| Gross operating margin | 9900 | €122,521 | -€16,366 | -€138,887 | |
| Operating profit (loss) | 9901 | €121,818 | -€16,805 | -€138,624 | |
| Financial income | 75/76B | €400 | €3,201 | +€2,800 | +699.3% |
| Recurring financial income | 75 | €400 | €3,201 | +€2,800 | +699.3% |
| Financial charges | 65/66B | €35 | €90 | +€55 | +158.2% |
| Recurring financial charges | 65 | €35 | €90 | +€55 | +158.2% |
| Profit (loss) for the period before taxes | 9903 | €122,184 | -€13,695 | -€135,879 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | €122,184 | -€13,875 | -€136,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,184 | -€13,875 | -€136,059 |
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 9 October 2026 via checked.be.