E3-Construct: what changed
Two fiscal 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.
E3-Construct
Largest movements
- Cash +€392,103
up €392,103 (+503.3%), from €77,905 to €470,008
mainly Other debts (+€1.3m) and Tax, wage and social debts (+€84,469)
- Stocks and contracts +€105,474
up €105,474 (+2.8%), from €3.8m to €3.9m
- Other debts +€1.3m
new in 2025: €1.3m
- Debts after one year -€946,618
down €946,618 (-27.5%), from €3.4m to €2.5m
of which Other amounts payable: -€638,575
- Tax, wage and social debts +€84,469
new in 2025: €84,469
- Gross operating margin +€136,708
up €136,708, from -€97,886 to €38,822
- Financial charges +€30,187
up €30,187 (+31833.2%), from €95 to €30,282
of which Financial charges: +€30,098
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 | €3,890,841 | €4,377,661 | +€486,820 | +12.5% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €3,880,841 | €4,367,661 | +€486,820 | +12.5% |
| Stocks and contracts in progress | 3 | €3,792,180 | €3,897,654 | +€105,474 | +2.8% |
| Stocks | 30/36 | €3,792,180 | €3,897,654 | +€105,474 | +2.8% |
| Amounts receivable within one year | 40/41 | €10,757 | €0 | -€10,757 | -100.0% |
| Other amounts receivable | 41 | €10,757 | €0 | -€10,757 | -100.0% |
| Cash at bank and in hand | 54/58 | €77,905 | €470,008 | +€392,103 | +503.3% |
| Total equity and liabilities | 10/49 | €3,890,841 | €4,377,661 | +€486,820 | +12.5% |
| Equity | 10/15 | €444,223 | €451,618 | +€7,395 | +1.7% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,777 | -€198,382 | +€7,395 | +3.6% |
| Amounts payable | 17/49 | €3,446,618 | €3,926,044 | +€479,425 | +13.9% |
| Amounts payable after more than one year | 17 | €3,446,618 | €2,500,000 | -€946,618 | -27.5% |
| Financial debts | 170/4 | €2,800,000 | €2,500,000 | -€300,000 | -10.7% |
| Trade debts | 175 | €8,043 | - | -€8,043 | |
| Other amounts payable | 178/9 | €638,575 | - | -€638,575 | |
| Amounts payable within one year | 42/48 | - | €1,395,851 | +€1.4m | |
| Trade debts | 44 | - | €2,806 | +€2,806 | |
| Suppliers | 440/4 | - | €2,806 | +€2,806 | |
| Taxes, remuneration and social security | 45 | - | €84,469 | +€84,469 | |
| Taxes | 450/3 | - | €84,469 | +€84,469 | |
| Other amounts payable | 47/48 | - | €1,308,575 | +€1.3m | |
| Accrued charges and deferred income | 492/3 | - | €30,193 | +€30,193 | |
| Other operating charges | 640/8 | €531 | €1,145 | +€614 | +115.6% |
| Gross operating margin | 9900 | -€97,886 | €38,822 | +€136,708 | |
| Operating profit (loss) | 9901 | -€98,417 | €37,677 | +€136,094 | |
| Financial charges | 65/66B | €95 | €30,282 | +€30,187 | +31833.2% |
| Recurring financial charges | 65 | €95 | €30,193 | +€30,098 | +31739.0% |
| Non-recurring financial charges | 66B | €95 | €89 | -€6 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€98,512 | €7,395 | +€105,907 | |
| Profit (loss) for the period | 9904 | -€98,512 | €7,395 | +€105,907 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,512 | €7,395 | +€105,907 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.