E&S 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.
E&S CONSTRUCTION
Largest movements
- Stocks and contracts +€254,603
up €254,603 (+4,715%), from €5,400 to €260,003
- Cash -€116,231
down €116,231 (-61.9%), from €187,822 to €71,592
mainly Stocks and contracts (-€254,603) and Receivables after one year (-€100,000)
- Receivables after one year +€100,000
new in 2025: €100,000
- Tangible fixed assets -€36,018
down €36,018 (-57.0%), from €63,166 to €27,148
of which Furniture and vehicles: -€28,451
- Receivables within one year -€7,544
down €7,544 (-8.9%), from €84,884 to €77,340
of which Trade receivables: -€5,133
- Debts after one year +€149,628
up €149,628 (+3,189%), from €4,692 to €154,320
- Reserves +€86,823
up €86,823 (+40.0%), from €217,254 to €304,076
- Trade debts -€41,321
down €41,321 (-66.8%), from €61,852 to €20,531
- Tax, wage and social debts +€16,390
up €16,390 (+204%), from €8,026 to €24,416
of which Taxes: +€11,937
- Current portion of long-term debt -€13,622
no longer reported in 2025 (was €13,622)
- Gross operating margin +€71,447
up €71,447 (+30.1%), from €237,232 to €308,679
- Staff costs +€14,821
up €14,821 (+12.8%), from €115,619 to €130,441
- Financial charges +€13,033
up €13,033 (+737%), from €1,768 to €14,801
of which Non-recurring financial charges: +€10,974
- Depreciation -€12,387
down €12,387 (-50.2%), from €24,661 to €12,274
- Taxes +€5,890
up €5,890 (+21.6%), from €27,319 to €33,209
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 | €347,084 | €541,950 | +€194,866 | +56.1% |
| Fixed assets | 21/28 | €64,396 | €28,378 | -€36,018 | -55.9% |
| Tangible fixed assets | 22/27 | €63,166 | €27,148 | -€36,018 | -57.0% |
| Plant, machinery and equipment | 23 | €22,626 | €15,640 | -€6,986 | -30.9% |
| Furniture and vehicles | 24 | €39,214 | €10,763 | -€28,451 | -72.6% |
| Other tangible fixed assets | 26 | €1,326 | €745 | -€581 | -43.8% |
| Financial fixed assets | 28 | €1,230 | €1,230 | = | 0.0% |
| Current assets | 29/58 | €282,689 | €513,572 | +€230,884 | +81.7% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €5,400 | €260,003 | +€254,603 | +4,715% |
| Stocks | 30/36 | €5,400 | €260,003 | +€254,603 | +4,715% |
| Amounts receivable within one year | 40/41 | €84,884 | €77,340 | -€7,544 | -8.9% |
| Trade receivables | 40 | €50,923 | €45,790 | -€5,133 | -10.1% |
| Other amounts receivable | 41 | €33,962 | €31,550 | -€2,411 | -7.1% |
| Cash at bank and in hand | 54/58 | €187,822 | €71,592 | -€116,231 | -61.9% |
| Deferred charges and accrued income | 490/1 | €4,582 | €4,637 | +€55 | +1.2% |
| Total equity and liabilities | 10/49 | €347,084 | €541,950 | +€194,866 | +56.1% |
| Equity | 10/15 | €253,403 | €340,226 | +€86,823 | +34.3% |
| Contributions | 10/11 | €36,149 | €36,149 | = | 0.0% |
| Reserves | 13 | €217,254 | €304,076 | +€86,823 | +40.0% |
| Distributable reserves | 133 | €217,254 | €304,076 | +€86,823 | +40.0% |
| Amounts payable | 17/49 | €93,681 | €201,724 | +€108,043 | +115% |
| Amounts payable after more than one year | 17 | €4,692 | €154,320 | +€149,628 | +3,189% |
| Financial debts | 170/4 | €4,692 | €154,320 | +€149,628 | +3,189% |
| Amounts payable within one year | 42/48 | €88,815 | €47,236 | -€41,579 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €13,622 | - | -€13,622 | |
| Trade debts | 44 | €61,852 | €20,531 | -€41,321 | -66.8% |
| Suppliers | 440/4 | €61,852 | €20,531 | -€41,321 | -66.8% |
| Taxes, remuneration and social security | 45 | €8,026 | €24,416 | +€16,390 | +204% |
| Taxes | 450/3 | €7,027 | €18,964 | +€11,937 | +170% |
| Remuneration and social security | 454/9 | €999 | €5,452 | +€4,453 | +446% |
| Other amounts payable | 47/48 | €5,315 | €2,289 | -€3,025 | -56.9% |
| Accrued charges and deferred income | 492/3 | €174 | €168 | -€6 | -3.4% |
| Remuneration, social security and pensions | 62 | €115,619 | €130,441 | +€14,821 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,661 | €12,274 | -€12,387 | -50.2% |
| Other operating charges | 640/8 | €1,657 | €1,779 | +€122 | +7.4% |
| Non-recurring operating charges | 66A | €195 | €2,243 | +€2,048 | +1,048% |
| Gross operating margin | 9900 | €237,232 | €308,679 | +€71,447 | +30.1% |
| Operating profit (loss) | 9901 | €95,099 | €161,942 | +€66,843 | +70.3% |
| Financial income | 75/76B | €3,376 | €4,491 | +€1,115 | +33.0% |
| Recurring financial income | 75 | €3,376 | €4,491 | +€1,115 | +33.0% |
| Financial charges | 65/66B | €1,768 | €14,801 | +€13,033 | +737% |
| Recurring financial charges | 65 | €1,768 | €3,827 | +€2,059 | +116% |
| Non-recurring financial charges | 66B | - | €10,974 | +€10,974 | |
| Profit (loss) for the period before taxes | 9903 | €96,706 | €151,632 | +€54,926 | +56.8% |
| Income taxes | 67/77 | €27,319 | €33,209 | +€5,890 | +21.6% |
| Profit (loss) for the period | 9904 | €69,387 | €118,423 | +€49,035 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,387 | €118,423 | +€49,035 | +70.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.