FACILITY 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.
FACILITY CONSTRUCT
Largest movements
- Stocks and contracts +€242,064
up €242,064 (+186.1%), from €130,053 to €372,117
- Receivables within one year -€50,705
down €50,705 (-36.8%), from €137,891 to €87,186
of which Trade receivables: -€51,302
- Tangible fixed assets -€29,265
down €29,265 (-56.5%), from €51,838 to €22,573
of which Land and buildings: -€23,852
- Cash -€9,191
down €9,191 (-47.6%), from €19,325 to €10,134
mainly Stocks and contracts (-€242,064) and Other debts (-€22,774)
- Tax, wage and social debts +€84,378
up €84,378 (+83.4%), from €101,122 to €185,500
of which Remuneration and social security: +€46,899
- Trade debts +€60,442
up €60,442 (+46.8%), from €129,261 to €189,702
- Profit (loss) carried forward +€27,675
new in 2025: €27,675
- Other debts -€22,774
down €22,774 (-29.1%), from €78,352 to €55,577
- Gross operating margin +€261,378
up €261,378 (+111.0%), from €235,537 to €496,915
- Staff costs +€227,234
up €227,234 (+136.2%), from €166,801 to €394,034
- Depreciation +€17,262
up €17,262 (+155.7%), from €11,084 to €28,345
- Financial charges +€12,739
up €12,739 (+1454.6%), from €876 to €13,615
of which Financial charges: +€13,084
- Other operating charges +€6,413
up €6,413 (+12826.1%), from €50 to €6,463
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 | €342,656 | €494,091 | +€151,434 | +44.2% |
| Fixed assets | 21/28 | €52,201 | €22,936 | -€29,265 | -56.1% |
| Tangible fixed assets | 22/27 | €51,838 | €22,573 | -€29,265 | -56.5% |
| Land and buildings | 22 | €23,852 | - | -€23,852 | |
| Plant, machinery and equipment | 23 | €23,421 | €9,302 | -€14,119 | -60.3% |
| Furniture and vehicles | 24 | €4,564 | €13,270 | +€8,706 | +190.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €290,456 | €471,155 | +€180,699 | +62.2% |
| Stocks and contracts in progress | 3 | €130,053 | €372,117 | +€242,064 | +186.1% |
| Stocks | 30/36 | €130,053 | €372,117 | +€242,064 | +186.1% |
| Amounts receivable within one year | 40/41 | €137,891 | €87,186 | -€50,705 | -36.8% |
| Trade receivables | 40 | €137,891 | €86,589 | -€51,302 | -37.2% |
| Other amounts receivable | 41 | - | €597 | +€597 | |
| Cash at bank and in hand | 54/58 | €19,325 | €10,134 | -€9,191 | -47.6% |
| Deferred charges and accrued income | 490/1 | €3,187 | €1,718 | -€1,469 | -46.1% |
| Total equity and liabilities | 10/49 | €342,656 | €494,091 | +€151,434 | +44.2% |
| Equity | 10/15 | €30,917 | €58,591 | +€27,675 | +89.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,917 | €27,917 | = | 0.0% |
| Distributable reserves | 133 | €27,917 | €27,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €27,675 | +€27,675 | |
| Amounts payable | 17/49 | €311,740 | €435,499 | +€123,760 | +39.7% |
| Amounts payable within one year | 42/48 | €311,740 | €430,780 | +€119,040 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €3,005 | - | -€3,005 | |
| Trade debts | 44 | €129,261 | €189,702 | +€60,442 | +46.8% |
| Suppliers | 440/4 | €129,261 | €189,702 | +€60,442 | +46.8% |
| Taxes, remuneration and social security | 45 | €101,122 | €185,500 | +€84,378 | +83.4% |
| Taxes | 450/3 | €52,781 | €90,260 | +€37,479 | +71.0% |
| Remuneration and social security | 454/9 | €48,341 | €95,240 | +€46,899 | +97.0% |
| Other amounts payable | 47/48 | €78,352 | €55,577 | -€22,774 | -29.1% |
| Accrued charges and deferred income | 492/3 | - | €4,720 | +€4,720 | |
| Non-recurring operating income | 76A | - | €2,999 | +€2,999 | |
| Remuneration, social security and pensions | 62 | €166,801 | €394,034 | +€227,234 | +136.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,084 | €28,345 | +€17,262 | +155.7% |
| Other operating charges | 640/8 | €50 | €6,463 | +€6,413 | +12826.1% |
| Non-recurring operating charges | 66A | - | €10,788 | +€10,788 | |
| Gross operating margin | 9900 | €235,537 | €496,915 | +€261,378 | +111.0% |
| Operating profit (loss) | 9901 | €57,602 | €57,284 | -€318 | -0.6% |
| Financial income | 75/76B | €141 | €140 | -€1 | -0.6% |
| Recurring financial income | 75 | €141 | €140 | -€1 | -0.6% |
| Financial charges | 65/66B | €876 | €13,615 | +€12,739 | +1454.6% |
| Recurring financial charges | 65 | €531 | €13,615 | +€13,084 | +2462.5% |
| Non-recurring financial charges | 66B | €344 | - | -€344 | |
| Profit (loss) for the period before taxes | 9903 | €56,868 | €43,810 | -€13,058 | -23.0% |
| Income taxes | 67/77 | €12,909 | €16,135 | +€3,226 | +25.0% |
| Profit (loss) for the period | 9904 | €43,959 | €27,675 | -€16,284 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,959 | €27,675 | -€16,284 | -37.0% |
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 6 October 2026 via checked.be.