EUROSTAR 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.
EUROSTAR CONSTRUCT
Largest movements
- Receivables within one year -€58,409
down €58,409 (-29.7%), from €196,731 to €138,322
of which Other amounts receivable: -€61,409
- Cash -€33,755
down €33,755 (-62.6%), from €53,949 to €20,193
mainly Net result for the year (-€80,297) and Tax, wage and social debts (-€12,414)
- Profit (loss) carried forward -€80,297
down €80,297 (-60.8%), from €132,049 to €51,752
- Tax, wage and social debts -€12,414
down €12,414 (-95.0%), from €13,061 to €647
of which Taxes: -€7,245
- Trade debts -€2,571
down €2,571 (-44.7%), from €5,753 to €3,182
- Staff costs -€49,589
down €49,589, from €48,189 to -€1,401
- Gross operating margin -€23,541
down €23,541 (-43.7%), from -€53,848 to -€77,389
- Other operating charges +€856
up €856 (+120.6%), from €710 to €1,567
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 | €256,351 | €162,613 | -€93,738 | -36.6% |
| Fixed assets | 21/28 | €5,412 | €3,475 | -€1,937 | -35.8% |
| Tangible fixed assets | 22/27 | €5,412 | €3,475 | -€1,937 | -35.8% |
| Furniture and vehicles | 24 | €5,412 | €3,475 | -€1,937 | -35.8% |
| Current assets | 29/58 | €250,939 | €159,138 | -€91,801 | -36.6% |
| Amounts receivable within one year | 40/41 | €196,731 | €138,322 | -€58,409 | -29.7% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €196,731 | €135,322 | -€61,409 | -31.2% |
| Cash at bank and in hand | 54/58 | €53,949 | €20,193 | -€33,755 | -62.6% |
| Deferred charges and accrued income | 490/1 | €258 | €622 | +€364 | +140.8% |
| Total equity and liabilities | 10/49 | €256,351 | €162,613 | -€93,738 | -36.6% |
| Equity | 10/15 | €234,948 | €154,651 | -€80,297 | -34.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,899 | €2,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €2,699 | €2,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,049 | €51,752 | -€80,297 | -60.8% |
| Amounts payable | 17/49 | €21,404 | €7,962 | -€13,441 | -62.8% |
| Amounts payable within one year | 42/48 | €21,404 | €7,962 | -€13,441 | -62.8% |
| Trade debts | 44 | €5,753 | €3,182 | -€2,571 | -44.7% |
| Suppliers | 440/4 | €5,753 | €3,182 | -€2,571 | -44.7% |
| Taxes, remuneration and social security | 45 | €13,061 | €647 | -€12,414 | -95.0% |
| Taxes | 450/3 | €7,451 | €206 | -€7,245 | -97.2% |
| Remuneration and social security | 454/9 | €5,610 | €441 | -€5,169 | -92.1% |
| Other amounts payable | 47/48 | €2,589 | €4,133 | +€1,544 | +59.6% |
| Remuneration, social security and pensions | 62 | €48,189 | -€1,401 | -€49,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,510 | €1,937 | +€428 | +28.3% |
| Other operating charges | 640/8 | €710 | €1,567 | +€856 | +120.6% |
| Gross operating margin | 9900 | -€53,848 | -€77,389 | -€23,541 | -43.7% |
| Operating profit (loss) | 9901 | -€104,257 | -€79,492 | +€24,764 | +23.8% |
| Financial charges | 65/66B | €632 | €598 | -€33 | -5.3% |
| Recurring financial charges | 65 | €632 | €598 | -€33 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€104,889 | -€80,091 | +€24,798 | +23.6% |
| Income taxes | 67/77 | €210 | €206 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€105,099 | -€80,297 | +€24,802 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,099 | -€80,297 | +€24,802 | +23.6% |
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 9 October 2026 via checked.be.