EURO - 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.
EURO - CONSTRUCT
Largest movements
- Cash +€361,899
up €361,899 (+43.4%), from €833,261 to €1.2m
mainly Net result for the year (+€314,406) and Depreciation (+€154,519)
- Tangible fixed assets -€114,826
down €114,826 (-12.9%), from €888,745 to €773,918
of which Land and buildings: -€60,583
- Current investments +€73,245
up €73,245 (+2.2%), from €3.3m to €3.4m
- Reserves +€314,406
up €314,406 (+5.6%), from €5.6m to €5.9m
of which Distributable reserves: +€314,406
- Financial income -€221,880
down €221,880 (-62.1%), from €357,210 to €135,329
- Taxes -€86,026
down €86,026 (-44.4%), from €193,628 to €107,602
- Gross operating margin -€55,790
down €55,790 (-4.0%), from €1.4m to €1.3m
- Staff costs +€51,199
up €51,199 (+6.6%), from €776,571 to €827,770
- Financial charges +€25,113
up €25,113 (+89.2%), from €28,154 to €53,267
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 | €5,747,463 | €6,056,182 | +€308,719 | +5.4% |
| Fixed assets | 21/28 | €889,015 | €774,188 | -€114,826 | -12.9% |
| Tangible fixed assets | 22/27 | €888,745 | €773,918 | -€114,826 | -12.9% |
| Land and buildings | 22 | €480,583 | €420,000 | -€60,583 | -12.6% |
| Plant, machinery and equipment | 23 | €207,295 | €188,078 | -€19,217 | -9.3% |
| Furniture and vehicles | 24 | €200,867 | €165,840 | -€35,026 | -17.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €4,858,448 | €5,281,993 | +€423,545 | +8.7% |
| Stocks and contracts in progress | 3 | €100,910 | €89,845 | -€11,065 | -11.0% |
| Stocks | 30/36 | €100,910 | €89,845 | -€11,065 | -11.0% |
| Amounts receivable within one year | 40/41 | €583,052 | €583,039 | -€14 | 0.0% |
| Trade receivables | 40 | €488,366 | €516,000 | +€27,633 | +5.7% |
| Other amounts receivable | 41 | €94,686 | €67,039 | -€27,647 | -29.2% |
| Current investments | 50/53 | €3,340,705 | €3,413,950 | +€73,245 | +2.2% |
| Cash at bank and in hand | 54/58 | €833,261 | €1,195,160 | +€361,899 | +43.4% |
| Deferred charges and accrued income | 490/1 | €520 | - | -€520 | |
| Total equity and liabilities | 10/49 | €5,747,463 | €6,056,182 | +€308,719 | +5.4% |
| Equity | 10/15 | €5,651,062 | €5,965,468 | +€314,406 | +5.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €5,576,062 | €5,890,468 | +€314,406 | +5.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,000 | €48,000 | = | 0.0% |
| Distributable reserves | 133 | €5,520,562 | €5,834,968 | +€314,406 | +5.7% |
| Amounts payable | 17/49 | €96,400 | €90,714 | -€5,687 | -5.9% |
| Amounts payable within one year | 42/48 | €93,901 | €88,139 | -€5,762 | -6.1% |
| Trade debts | 44 | €35,594 | €24,844 | -€10,750 | -30.2% |
| Suppliers | 440/4 | €35,594 | €24,844 | -€10,750 | -30.2% |
| Taxes, remuneration and social security | 45 | €52,084 | €58,600 | +€6,515 | +12.5% |
| Taxes | 450/3 | €44,788 | €25,398 | -€19,390 | -43.3% |
| Remuneration and social security | 454/9 | €7,297 | €33,201 | +€25,905 | +355.0% |
| Other amounts payable | 47/48 | €6,223 | €4,696 | -€1,527 | -24.5% |
| Accrued charges and deferred income | 492/3 | €2,499 | €2,574 | +€75 | +3.0% |
| Non-recurring operating income | 76A | €9,312 | €4,000 | -€5,312 | -57.0% |
| Remuneration, social security and pensions | 62 | €776,571 | €827,770 | +€51,199 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,276 | €154,519 | +€22,243 | +16.8% |
| Other operating charges | 640/8 | €22,925 | €23,581 | +€656 | +2.9% |
| Gross operating margin | 9900 | €1,401,605 | €1,345,814 | -€55,790 | -4.0% |
| Operating profit (loss) | 9901 | €469,833 | €339,946 | -€129,887 | -27.6% |
| Financial income | 75/76B | €357,210 | €135,329 | -€221,880 | -62.1% |
| Recurring financial income | 75 | €357,210 | €135,329 | -€221,880 | -62.1% |
| Financial charges | 65/66B | €28,154 | €53,267 | +€25,113 | +89.2% |
| Recurring financial charges | 65 | €28,154 | €53,267 | +€25,113 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €798,888 | €422,008 | -€376,880 | -47.2% |
| Income taxes | 67/77 | €193,628 | €107,602 | -€86,026 | -44.4% |
| Profit (loss) for the period | 9904 | €605,260 | €314,406 | -€290,854 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €605,260 | €314,406 | -€290,854 | -48.1% |
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 1 October 2026 via checked.be.