GROUP A: 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.
What changed
GROUP A
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €1.7m+€2.3m
Equity
€8.2m
2024 · €6.6m+€1.6m
Cash
€952,429
2024 · €728,956+€223,472
Balance sheet total
€28.3m
2024 · €30.8m-€2.5m
Largest movements
Assets
- Receivables within one year -€2.6m
down €2.6m (-16.1%), from €16.3m to €13.7m
of which Trade receivables: -€1.6m
- Receivables after one year +€903,539
up €903,539 (+829.2%), from €108,967 to €1.0m
- Stocks and contracts -€495,599
down €495,599 (-96.4%), from €514,343 to €18,744
- Intangible fixed assets -€428,760
down €428,760 (-24.0%), from €1.8m to €1.4m
Equity and liabilities
- Trade debts -€3.3m
down €3.3m (-31.2%), from €10.5m to €7.2m
- Profit (loss) carried forward +€1.6m
up €1.6m (+77.0%), from €2.0m to €3.6m
- Debts after one year -€1.3m
down €1.3m (-22.5%), from €5.8m to €4.5m
of which Financial debts: -€2.3m
- Accrued charges and deferred income +€397,999
up €397,999 (+718.1%), from €55,421 to €453,420
Income statement
- Goods and materials -€4.6m
down €4.6m (-6.5%), from €71.3m to €66.7m
of which Purchases: -€5.3m
- Turnover -€4.6m
down €4.6m (-5.4%), from €84.3m to €79.7m
- Other operating income +€1.6m
up €1.6m (+21.4%), from €7.4m to €9.0m
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.
Result 2024
€1.7m
Turnover
-€4.6m
Other operating income
+€1.6m
Goods and materials
+€4.6m
Services and other goods
-€732,697
Staff costs
-€306,766
Depreciation
-€170,552
Write-downs
+€478,789
Provisions
-€4,687
Other operating charges
+€34,132
Other operating items
+€246,100
Financial income
+€563,065
Financial charges
+€515,260
Taxes
+€36,422
Result 2025
€4.0m
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.
From operations
+€4.8m
Investment
-€776,268
Financing
-€3.8m
Cash 2024
€728,956
From operations (derived)
+€4.8m
Net result for the year
+€4.0m
Depreciation
+€1.2m
Receivables after one year
-€903,539
Stocks and contracts
+€495,599
Receivables within one year
+€2.6m
Deferred charges and accrued income
+€160,814
Provisions
-€36,849
Trade debts
-€3.3m
Tax, wage and social debts
-€7,076
Other debts
+€199,728
Accrued charges and deferred income
+€397,999
Investment (derived)
-€776,268
Investment in fixed assets (net)
-€776,268
Financing
-€3.8m
Debts after one year
-€1.3m
Current portion of long-term debt
-€86,970
Contributions, distributions and other
-€2.4m
Cash 2025
€952,429
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,791,375 | €28,259,771 | -€2.5m | -8.2% |
| Fixed assets | 21/28 | €12,014,574 | €11,638,994 | -€375,579 | -3.1% |
| Intangible fixed assets | 21 | €1,785,199 | €1,356,439 | -€428,760 | -24.0% |
| Tangible fixed assets | 22/27 | €822,045 | €702,208 | -€119,837 | -14.6% |
| Land and buildings | 22 | €602,983 | €526,410 | -€76,573 | -12.7% |
| Plant, machinery and equipment | 23 | €65,878 | €45,537 | -€20,342 | -30.9% |
| Furniture and vehicles | 24 | €135,436 | €113,523 | -€21,913 | -16.2% |
| Other tangible fixed assets | 26 | €3,032 | €2,575 | -€457 | -15.1% |
| Assets under construction and advance payments | 27 | €14,716 | €14,164 | -€552 | -3.8% |
| Financial fixed assets | 28 | €9,407,329 | €9,580,348 | +€173,018 | +1.8% |
| Affiliated companies | 280/1 | €9,407,209 | €9,580,228 | +€173,018 | +1.8% |
| Participating interests | 280 | €9,050,726 | €8,858,919 | -€191,807 | -2.1% |
| Amounts receivable | 281 | €356,484 | €721,309 | +€364,825 | +102.3% |
| Other financial fixed assets | 284/8 | €120 | €120 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €18,776,802 | €16,620,777 | -€2.2m | -11.5% |
| Amounts receivable after more than one year | 29 | €108,967 | €1,012,506 | +€903,539 | +829.2% |
| Other amounts receivable | 291 | €108,967 | €1,012,506 | +€903,539 | +829.2% |
| Stocks and contracts in progress | 3 | €514,343 | €18,744 | -€495,599 | -96.4% |
| Stocks | 30/36 | €514,343 | €18,744 | -€495,599 | -96.4% |
| Goods purchased for resale | 34 | €514,343 | €18,744 | -€495,599 | -96.4% |
| Amounts receivable within one year | 40/41 | €16,292,175 | €13,665,551 | -€2.6m | -16.1% |
| Trade receivables | 40 | €8,252,859 | €6,702,118 | -€1.6m | -18.8% |
| Other amounts receivable | 41 | €8,039,315 | €6,963,434 | -€1.1m | -13.4% |
| Cash at bank and in hand | 54/58 | €728,956 | €952,429 | +€223,472 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,132,361 | €971,547 | -€160,814 | -14.2% |
| Total equity and liabilities | 10/49 | €30,791,375 | €28,259,771 | -€2.5m | -8.2% |
| Equity | 10/15 | €6,625,421 | €8,203,724 | +€1.6m | +23.8% |
| Contributions | 10/11 | €1,170,800 | €1,170,800 | = | 0.0% |
| Capital | 10 | €1,170,800 | €1,170,800 | = | 0.0% |
| Issued capital | 100 | €1,170,800 | €1,170,800 | = | 0.0% |
| Reserves | 13 | €3,405,441 | €3,405,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,230 | €123,230 | = | 0.0% |
| Legal reserve | 130 | €123,230 | €123,230 | = | 0.0% |
| Distributable reserves | 133 | €3,282,211 | €3,282,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,049,180 | €3,627,484 | +€1.6m | +77.0% |
| Provisions and deferred taxes | 16 | €366,810 | €329,961 | -€36,849 | -10.0% |
| Provisions for liabilities and charges | 160/5 | €366,810 | €329,961 | -€36,849 | -10.0% |
| Other liabilities and charges | 164/5 | €366,810 | €329,961 | -€36,849 | -10.0% |
| Amounts payable | 17/49 | €23,799,144 | €19,726,085 | -€4.1m | -17.1% |
| Amounts payable after more than one year | 17 | €5,830,804 | €4,519,317 | -€1.3m | -22.5% |
| Financial debts | 170/4 | €5,830,804 | €3,486,530 | -€2.3m | -40.2% |
| Credit institutions | 173 | €5,830,804 | €3,486,530 | -€2.3m | -40.2% |
| Other amounts payable | 178/9 | - | €1,032,787 | +€1.0m | |
| Amounts payable within one year | 42/48 | €17,912,919 | €14,753,349 | -€3.2m | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €2,431,250 | €2,344,281 | -€86,970 | -3.6% |
| Trade debts | 44 | €10,476,302 | €7,211,049 | -€3.3m | -31.2% |
| Suppliers | 440/4 | €10,476,302 | €7,211,049 | -€3.3m | -31.2% |
| Taxes, remuneration and social security | 45 | €451,764 | €444,688 | -€7,076 | -1.6% |
| Taxes | 450/3 | €172,048 | €80,182 | -€91,866 | -53.4% |
| Remuneration and social security | 454/9 | €279,716 | €364,506 | +€84,790 | +30.3% |
| Other amounts payable | 47/48 | €4,553,603 | €4,753,331 | +€199,728 | +4.4% |
| Accrued charges and deferred income | 492/3 | €55,421 | €453,420 | +€397,999 | +718.1% |
| Operating income | 70/76A | €91,710,972 | €88,750,155 | -€3.0m | -3.2% |
| Turnover | 70 | €84,317,767 | €79,739,703 | -€4.6m | -5.4% |
| Other operating income | 74 | €7,393,205 | €8,976,368 | +€1.6m | +21.4% |
| Non-recurring operating income | 76A | - | €34,084 | +€34,084 | |
| Operating charges | 60/66A | €91,389,840 | €87,275,764 | -€4.1m | -4.5% |
| Goods for resale, raw materials and consumables | 60 | €71,320,721 | €66,716,880 | -€4.6m | -6.5% |
| Purchases | 600/8 | €71,483,679 | €66,221,280 | -€5.3m | -7.4% |
| Change in stocks: decrease (increase) | 609 | -€162,958 | €495,599 | +€658,557 | |
| Services and other goods | 61 | €13,751,731 | €14,484,428 | +€732,697 | +5.3% |
| Remuneration, social security and pensions | 62 | €2,329,694 | €2,636,460 | +€306,766 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981,295 | €1,151,847 | +€170,552 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €451,013 | -€27,777 | -€478,789 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€41,536 | -€36,849 | +€4,687 | +11.3% |
| Other operating charges | 640/8 | €69,910 | €35,778 | -€34,132 | -48.8% |
| Non-recurring operating charges | 66A | €2,527,013 | €2,314,997 | -€212,015 | -8.4% |
| Operating profit (loss) | 9901 | €321,132 | €1,474,391 | +€1.2m | +359.1% |
| Financial income | 75/76B | €4,171,295 | €4,734,360 | +€563,065 | +13.5% |
| Recurring financial income | 75 | €2,069,034 | €4,734,360 | +€2.7m | +128.8% |
| Income from financial fixed assets | 750 | €1,500,000 | €3,900,000 | +€2.4m | +160.0% |
| Income from current assets | 751 | €128,103 | €170,355 | +€42,252 | +33.0% |
| Other financial income | 752/9 | €440,930 | €664,005 | +€223,074 | +50.6% |
| Non-recurring financial income | 76B | €2,102,261 | - | -€2.1m | |
| Financial charges | 65/66B | €2,712,679 | €2,197,419 | -€515,260 | -19.0% |
| Recurring financial charges | 65 | €2,712,679 | €2,134,019 | -€578,660 | -21.3% |
| Debt charges | 650 | €766,338 | €341,392 | -€424,945 | -55.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€3,533 | -€149,851 | -€146,318 | -4141.3% |
| Other financial charges | 652/9 | €1,949,874 | €1,942,478 | -€7,397 | -0.4% |
| Non-recurring financial charges | 66B | - | €63,400 | +€63,400 | |
| Profit (loss) for the period before taxes | 9903 | €1,779,748 | €4,011,331 | +€2.2m | +125.4% |
| Income taxes | 67/77 | €69,449 | €33,028 | -€36,422 | -52.4% |
| Taxes | 670/3 | €73,707 | €33,028 | -€40,680 | -55.2% |
| Tax adjustments and reversals of tax provisions | 77 | €4,258 | - | -€4,258 | |
| Profit (loss) for the period | 9904 | €1,710,299 | €3,978,304 | +€2.3m | +132.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,710,299 | €3,978,304 | +€2.3m | +132.6% |
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 9 October 2026 via checked.be.