EUROCONST: what changed
EUROCONST
Largest movements
- Stocks and contracts +€76,357
up €76,357 (+75.3%), from €101,430 to €177,787
- Cash -€6,129
down €6,129 (-84.9%), from €7,217 to €1,088
mainly Net result for the year (-€140,934) and Stocks and contracts (-€76,357)
- Trade debts +€196,824
up €196,824 (+209%), from €94,088 to €290,911
- Profit (loss) carried forward -€140,934
down €140,934, from €19,916 to -€121,019
- Tax, wage and social debts +€11,901
up €11,901 (+231%), from €5,156 to €17,057
of which Taxes: +€15,401
- Gross operating margin -€126,653
down €126,653, from €11,630 to -€115,023
- Other operating charges +€16,259
up €16,259 (+4,400%), from €370 to €16,629
- Taxes +€5,438
new in 2025: €5,438
- Financial charges +€2,843
up €2,843 (+1,722%), from €165 to €3,008
of which Financial charges: +€2,843
- Depreciation -€1,532
down €1,532 (-60.7%), from €2,523 to €992
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,200 | €206,990 | +€67,791 | +48.7% |
| Fixed assets | 21/28 | €1,261 | €269 | -€992 | -78.6% |
| Tangible fixed assets | 22/27 | €1,261 | €269 | -€992 | -78.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,261 | €269 | -€992 | -78.6% |
| Current assets | 29/58 | €137,939 | €206,721 | +€68,783 | +49.9% |
| Stocks and contracts in progress | 3 | €101,430 | €177,787 | +€76,357 | +75.3% |
| Stocks | 30/36 | €101,430 | €177,787 | +€76,357 | +75.3% |
| Amounts receivable within one year | 40/41 | €29,291 | €27,589 | -€1,702 | -5.8% |
| Trade receivables | 40 | €27,496 | €19,933 | -€7,563 | -27.5% |
| Other amounts receivable | 41 | €1,796 | €7,657 | +€5,861 | +326% |
| Cash at bank and in hand | 54/58 | €7,217 | €1,088 | -€6,129 | -84.9% |
| Deferred charges and accrued income | 490/1 | - | €257 | +€257 | |
| Total equity and liabilities | 10/49 | €139,200 | €206,990 | +€67,791 | +48.7% |
| Equity | 10/15 | €39,956 | -€100,979 | -€140,934 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,440 | €1,440 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,440 | €0 | -€1,440 | -100% |
| Reserves not available under the articles | 1311 | €1,440 | €0 | -€1,440 | -100% |
| Distributable reserves | 133 | - | €1,440 | +€1,440 | |
| Profit (loss) carried forward | 14 | €19,916 | -€121,019 | -€140,934 | |
| Amounts payable | 17/49 | €99,244 | €307,969 | +€208,725 | +210% |
| Amounts payable within one year | 42/48 | €99,244 | €307,969 | +€208,725 | +210% |
| Trade debts | 44 | €94,088 | €290,911 | +€196,824 | +209% |
| Suppliers | 440/4 | €94,088 | €290,911 | +€196,824 | +209% |
| Taxes, remuneration and social security | 45 | €5,156 | €17,057 | +€11,901 | +231% |
| Taxes | 450/3 | €1,656 | €17,057 | +€15,401 | +930% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,523 | €992 | -€1,532 | -60.7% |
| Other operating charges | 640/8 | €370 | €16,629 | +€16,259 | +4,400% |
| Gross operating margin | 9900 | €11,630 | -€115,023 | -€126,653 | |
| Operating profit (loss) | 9901 | €8,737 | -€132,643 | -€141,380 | |
| Financial income | 75/76B | - | €156 | +€156 | |
| Recurring financial income | 75 | - | €155 | +€155 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €165 | €3,008 | +€2,843 | +1,722% |
| Recurring financial charges | 65 | €165 | €3,008 | +€2,843 | +1,722% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €8,572 | -€135,496 | -€144,068 | |
| Income taxes | 67/77 | - | €5,438 | +€5,438 | |
| Profit (loss) for the period | 9904 | €8,572 | -€140,934 | -€149,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,572 | -€140,934 | -€149,506 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.