E & P-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 & P-CONSTRUCT
Largest movements
- Tangible fixed assets -€27,202
down €27,202 (-11.0%), from €247,700 to €220,498
of which Land and buildings: -€13,984
- Cash -€25,093
down €25,093 (-19.2%), from €130,999 to €105,906
mainly Trade debts (-€45,011) and Net result for the year (-€8,927)
- Trade debts -€45,011
down €45,011 (-59.0%), from €76,258 to €31,247
- Gross operating margin -€24,533
down €24,533 (-55.9%), from €43,894 to €19,361
- Financial income +€7,246
up €7,246 (+64.0%), from €11,315 to €18,561
- Financial charges +€2,363
up €2,363 (+346%), from €684 to €3,046
- Taxes +€2,328
up €2,328 (+96.9%), from €2,402 to €4,730
- Other operating charges -€559
down €559 (-14.8%), from €3,768 to €3,210
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 | €922,426 | €867,717 | -€54,708 | -5.9% |
| Fixed assets | 21/28 | €248,204 | €221,002 | -€27,202 | -11.0% |
| Tangible fixed assets | 22/27 | €247,700 | €220,498 | -€27,202 | -11.0% |
| Land and buildings | 22 | €192,855 | €178,871 | -€13,984 | -7.3% |
| Plant, machinery and equipment | 23 | €16,097 | €13,780 | -€2,317 | -14.4% |
| Furniture and vehicles | 24 | €29,190 | €25,952 | -€3,238 | -11.1% |
| Leasing and similar rights | 25 | €9,558 | €1,895 | -€7,663 | -80.2% |
| Financial fixed assets | 28 | €504 | €504 | = | 0.0% |
| Current assets | 29/58 | €674,222 | €646,715 | -€27,506 | -4.1% |
| Stocks and contracts in progress | 3 | €2,754 | €3,814 | +€1,060 | +38.5% |
| Stocks | 30/36 | €2,754 | €3,814 | +€1,060 | +38.5% |
| Amounts receivable within one year | 40/41 | €311,355 | €307,789 | -€3,566 | -1.1% |
| Trade receivables | 40 | €191,578 | €154,333 | -€37,244 | -19.4% |
| Other amounts receivable | 41 | €119,777 | €153,456 | +€33,678 | +28.1% |
| Current investments | 50/53 | €222,797 | €222,797 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,999 | €105,906 | -€25,093 | -19.2% |
| Deferred charges and accrued income | 490/1 | €6,316 | €6,409 | +€92 | +1.5% |
| Total equity and liabilities | 10/49 | €922,426 | €867,717 | -€54,708 | -5.9% |
| Equity | 10/15 | €835,343 | €826,415 | -€8,927 | -1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €665,734 | €665,734 | = | 0.0% |
| Non-distributable reserves | 130/1 | €181,859 | €181,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €181,859 | €181,859 | = | 0.0% |
| Distributable reserves | 133 | €483,875 | €483,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,016 | €142,089 | -€8,927 | -5.9% |
| Amounts payable | 17/49 | €87,083 | €41,302 | -€45,781 | -52.6% |
| Amounts payable after more than one year | 17 | €5,344 | €1,019 | -€4,325 | -80.9% |
| Financial debts | 170/4 | €5,344 | €1,019 | -€4,325 | -80.9% |
| Amounts payable within one year | 42/48 | €81,739 | €40,283 | -€41,456 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €4,325 | €4,325 | = | 0.0% |
| Trade debts | 44 | €76,258 | €31,247 | -€45,011 | -59.0% |
| Suppliers | 440/4 | €76,258 | €31,247 | -€45,011 | -59.0% |
| Taxes, remuneration and social security | 45 | €1,157 | €4,712 | +€3,555 | +307% |
| Taxes | 450/3 | €1,157 | €4,712 | +€3,555 | +307% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,896 | €35,862 | -€33 | -0.1% |
| Other operating charges | 640/8 | €3,768 | €3,210 | -€559 | -14.8% |
| Non-recurring operating charges | 66A | €4,500 | - | -€4,500 | |
| Gross operating margin | 9900 | €43,894 | €19,361 | -€24,533 | -55.9% |
| Operating profit (loss) | 9901 | -€269 | -€19,711 | -€19,442 | -7,216% |
| Financial income | 75/76B | €11,315 | €18,561 | +€7,246 | +64.0% |
| Recurring financial income | 75 | €11,315 | €18,561 | +€7,246 | +64.0% |
| Financial charges | 65/66B | €684 | €3,046 | +€2,363 | +346% |
| Recurring financial charges | 65 | €684 | €3,046 | +€2,363 | +346% |
| Profit (loss) for the period before taxes | 9903 | €10,362 | -€4,197 | -€14,559 | |
| Income taxes | 67/77 | €2,402 | €4,730 | +€2,328 | +96.9% |
| Profit (loss) for the period | 9904 | €7,960 | -€8,927 | -€16,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,960 | -€8,927 | -€16,887 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.