General Constructor Stefan: what changed
Two financial 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.
General Constructor Stefan
Largest movements
- Receivables within one year +€63,680
up €63,680 (+61.8%), from €103,032 to €166,712
of which Trade receivables: +€60,489
- Tangible fixed assets +€18,642
up €18,642 (+238.7%), from €7,810 to €26,451
of which Furniture and vehicles: +€17,646
- Cash +€11,347
up €11,347 (+140.3%), from €8,086 to €19,433
mainly Accrued charges and deferred income (+€78,223) and Other debts (+€50,112)
- Accrued charges and deferred income +€78,223
new in 2025: €78,223
- Other debts +€50,112
up €50,112 (+270.6%), from €18,521 to €68,633
- Tax, wage and social debts -€34,719
down €34,719 (-79.4%), from €43,737 to €9,017
of which Remuneration and social security: -€39,697
- Trade debts -€13,285
down €13,285 (-36.2%), from €36,727 to €23,442
- Profit (loss) carried forward +€12,370
up €12,370 (+2744.4%), from €451 to €12,820
- Gross operating margin +€32,607
up €32,607 (+137.0%), from €23,794 to €56,401
- Staff costs -€22,843
no longer reported in 2025 (was €22,843)
- Other operating charges +€5,810
up €5,810 (+325.8%), from €1,783 to €7,594
- Taxes +€5,515
up €5,515 (+604.9%), from €912 to €6,427
- Depreciation +€968
up €968 (+25.3%), from €3,820 to €4,788
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 | €119,895 | €212,596 | +€92,701 | +77.3% |
| Fixed assets | 21/28 | €7,810 | €26,451 | +€18,642 | +238.7% |
| Tangible fixed assets | 22/27 | €7,810 | €26,451 | +€18,642 | +238.7% |
| Plant, machinery and equipment | 23 | €233 | €1,228 | +€996 | +427.8% |
| Furniture and vehicles | 24 | €7,577 | €25,223 | +€17,646 | +232.9% |
| Current assets | 29/58 | €112,085 | €186,145 | +€74,060 | +66.1% |
| Amounts receivable within one year | 40/41 | €103,032 | €166,712 | +€63,680 | +61.8% |
| Trade receivables | 40 | €103,032 | €163,521 | +€60,489 | +58.7% |
| Other amounts receivable | 41 | - | €3,191 | +€3,191 | |
| Cash at bank and in hand | 54/58 | €8,086 | €19,433 | +€11,347 | +140.3% |
| Deferred charges and accrued income | 490/1 | €967 | - | -€967 | |
| Total equity and liabilities | 10/49 | €119,895 | €212,596 | +€92,701 | +77.3% |
| Equity | 10/15 | €20,911 | €33,280 | +€12,370 | +59.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €451 | €12,820 | +€12,370 | +2744.4% |
| Amounts payable | 17/49 | €98,984 | €179,316 | +€80,332 | +81.2% |
| Amounts payable within one year | 42/48 | €98,984 | €101,092 | +€2,109 | +2.1% |
| Trade debts | 44 | €36,727 | €23,442 | -€13,285 | -36.2% |
| Suppliers | 440/4 | €36,727 | €23,442 | -€13,285 | -36.2% |
| Taxes, remuneration and social security | 45 | €43,737 | €9,017 | -€34,719 | -79.4% |
| Taxes | 450/3 | €4,040 | €9,017 | +€4,978 | +123.2% |
| Remuneration and social security | 454/9 | €39,697 | - | -€39,697 | |
| Other amounts payable | 47/48 | €18,521 | €68,633 | +€50,112 | +270.6% |
| Accrued charges and deferred income | 492/3 | - | €78,223 | +€78,223 | |
| Remuneration, social security and pensions | 62 | €22,843 | - | -€22,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,820 | €4,788 | +€968 | +25.3% |
| Other operating charges | 640/8 | €1,783 | €7,594 | +€5,810 | +325.8% |
| Gross operating margin | 9900 | €23,794 | €56,401 | +€32,607 | +137.0% |
| Operating profit (loss) | 9901 | -€4,652 | €44,019 | +€48,671 | |
| Financial charges | 65/66B | €1,115 | €222 | -€893 | -80.1% |
| Recurring financial charges | 65 | €1,115 | €222 | -€893 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,767 | €43,797 | +€49,564 | |
| Income taxes | 67/77 | €912 | €6,427 | +€5,515 | +604.9% |
| Profit (loss) for the period | 9904 | -€6,679 | €37,370 | +€44,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,679 | €37,370 | +€44,048 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.