K - Constructs: 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.
K - Constructs
Largest movements
- Cash -€16,781
down €16,781 (-46.7%), from €35,927 to €19,145
mainly Net result for the year (-€19,735) and Debts after one year (-€9,535)
- Receivables within one year -€12,049
down €12,049 (-64.7%), from €18,620 to €6,571
of which Trade receivables: -€12,154
- Tangible fixed assets -€11,070
down €11,070 (-39.0%), from €28,381 to €17,310
of which Furniture and vehicles: -€9,300
- Reserves -€19,735
down €19,735 (-73.7%), from €26,776 to €7,041
- Debts after one year -€9,535
down €9,535 (-62.7%), from €15,212 to €5,677
- Trade debts -€6,796
down €6,796 (-71.2%), from €9,547 to €2,750
- Tax, wage and social debts -€2,896
down €2,896 (-81.1%), from €3,573 to €677
- Accrued charges and deferred income -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin -€19,891
down €19,891, from €14,022 to -€5,869
- Other operating charges -€884
down €884 (-38.6%), from €2,292 to €1,408
- Taxes -€307
down €307 (-47.7%), from €642 to €336
- Financial income -€251
down €251 (-92.6%), from €271 to €20
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 | €87,259 | €47,709 | -€39,550 | -45.3% |
| Fixed assets | 21/28 | €28,381 | €17,310 | -€11,070 | -39.0% |
| Tangible fixed assets | 22/27 | €28,381 | €17,310 | -€11,070 | -39.0% |
| Plant, machinery and equipment | 23 | €4,532 | €2,762 | -€1,770 | -39.1% |
| Furniture and vehicles | 24 | €23,849 | €14,549 | -€9,300 | -39.0% |
| Current assets | 29/58 | €58,879 | €30,398 | -€28,480 | -48.4% |
| Amounts receivable within one year | 40/41 | €18,620 | €6,571 | -€12,049 | -64.7% |
| Trade receivables | 40 | €18,620 | €6,466 | -€12,154 | -65.3% |
| Other amounts receivable | 41 | - | €106 | +€106 | |
| Cash at bank and in hand | 54/58 | €35,927 | €19,145 | -€16,781 | -46.7% |
| Deferred charges and accrued income | 490/1 | €4,332 | €4,682 | +€350 | +8.1% |
| Total equity and liabilities | 10/49 | €87,259 | €47,709 | -€39,550 | -45.3% |
| Equity | 10/15 | €45,376 | €25,641 | -€19,735 | -43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,776 | €7,041 | -€19,735 | -73.7% |
| Distributable reserves | 133 | €26,776 | €7,041 | -€19,735 | -73.7% |
| Amounts payable | 17/49 | €41,884 | €22,068 | -€19,816 | -47.3% |
| Amounts payable after more than one year | 17 | €15,212 | €5,677 | -€9,535 | -62.7% |
| Financial debts | 170/4 | €15,212 | €5,677 | -€9,535 | -62.7% |
| Amounts payable within one year | 42/48 | €24,172 | €16,391 | -€7,780 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €9,293 | €9,535 | +€242 | +2.6% |
| Trade debts | 44 | €9,547 | €2,750 | -€6,796 | -71.2% |
| Suppliers | 440/4 | €9,547 | €2,750 | -€6,796 | -71.2% |
| Taxes, remuneration and social security | 45 | €3,573 | €677 | -€2,896 | -81.1% |
| Taxes | 450/3 | €3,573 | €677 | -€2,896 | -81.1% |
| Other amounts payable | 47/48 | €1,759 | €3,429 | +€1,670 | +95.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,962 | €11,070 | +€109 | +1.0% |
| Other operating charges | 640/8 | €2,292 | €1,408 | -€884 | -38.6% |
| Gross operating margin | 9900 | €14,022 | -€5,869 | -€19,891 | |
| Operating profit (loss) | 9901 | €768 | -€18,347 | -€19,115 | |
| Financial income | 75/76B | €271 | €20 | -€251 | -92.6% |
| Recurring financial income | 75 | €271 | €20 | -€251 | -92.6% |
| Financial charges | 65/66B | €1,000 | €1,072 | +€72 | +7.2% |
| Recurring financial charges | 65 | €1,000 | €1,072 | +€72 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €39 | -€19,399 | -€19,438 | |
| Income taxes | 67/77 | €642 | €336 | -€307 | -47.7% |
| Profit (loss) for the period | 9904 | -€603 | -€19,735 | -€19,132 | -3172.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€603 | -€19,735 | -€19,132 | -3172.6% |
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 3 October 2026 via checked.be.