Konrad 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.
Konrad Construct
Largest movements
- Cash -€67,728
down €67,728 (-39.0%), from €173,866 to €106,137
mainly Contributions, distributions and other (-€85,000) and Other debts (-€27,901)
- Tangible fixed assets -€19,109
down €19,109 (-27.0%), from €70,750 to €51,641
- Receivables within one year -€17,924
down €17,924 (-47.1%), from €38,085 to €20,160
of which Trade receivables: -€26,690
- Profit (loss) carried forward -€46,084
down €46,084 (-64.2%), from €71,782 to €25,698
- Other debts -€27,901
down €27,901 (-24.4%), from €114,478 to €86,577
- Tax, wage and social debts -€16,808
down €16,808 (-39.9%), from €42,171 to €25,363
of which Taxes: -€17,308
- Trade debts -€11,978
no longer reported in 2025 (was €11,978)
- Gross operating margin -€36,091
down €36,091 (-28.6%), from €126,278 to €90,188
- Taxes -€9,401
down €9,401 (-46.2%), from €20,363 to €10,962
- Depreciation +€4,188
up €4,188 (+13.0%), from €32,241 to €36,428
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 | €289,774 | €182,850 | -€106,924 | -36.9% |
| Fixed assets | 21/28 | €74,090 | €54,981 | -€19,109 | -25.8% |
| Tangible fixed assets | 22/27 | €70,750 | €51,641 | -€19,109 | -27.0% |
| Plant, machinery and equipment | 23 | €28,244 | €18,793 | -€9,451 | -33.5% |
| Furniture and vehicles | 24 | €36,905 | €28,305 | -€8,601 | -23.3% |
| Other tangible fixed assets | 26 | €5,601 | €4,543 | -€1,058 | -18.9% |
| Financial fixed assets | 28 | €3,340 | €3,340 | = | 0.0% |
| Current assets | 29/58 | €215,684 | €127,869 | -€87,815 | -40.7% |
| Amounts receivable within one year | 40/41 | €38,085 | €20,160 | -€17,924 | -47.1% |
| Trade receivables | 40 | €36,298 | €9,608 | -€26,690 | -73.5% |
| Other amounts receivable | 41 | €1,786 | €10,552 | +€8,765 | +490.7% |
| Cash at bank and in hand | 54/58 | €173,866 | €106,137 | -€67,728 | -39.0% |
| Deferred charges and accrued income | 490/1 | €3,733 | €1,571 | -€2,162 | -57.9% |
| Total equity and liabilities | 10/49 | €289,774 | €182,850 | -€106,924 | -36.9% |
| Equity | 10/15 | €92,242 | €46,158 | -€46,084 | -50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,782 | €25,698 | -€46,084 | -64.2% |
| Amounts payable | 17/49 | €197,532 | €136,692 | -€60,840 | -30.8% |
| Amounts payable after more than one year | 17 | €17,033 | €14,464 | -€2,570 | -15.1% |
| Financial debts | 170/4 | €17,033 | €14,464 | -€2,570 | -15.1% |
| Amounts payable within one year | 42/48 | €180,498 | €122,228 | -€58,270 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €11,870 | €10,289 | -€1,582 | -13.3% |
| Trade debts | 44 | €11,978 | - | -€11,978 | |
| Suppliers | 440/4 | €11,978 | - | -€11,978 | |
| Taxes, remuneration and social security | 45 | €42,171 | €25,363 | -€16,808 | -39.9% |
| Taxes | 450/3 | €42,171 | €24,863 | -€17,308 | -41.0% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €114,478 | €86,577 | -€27,901 | -24.4% |
| Non-recurring operating income | 76A | €7,654 | - | -€7,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,241 | €36,428 | +€4,188 | +13.0% |
| Other operating charges | 640/8 | €2,435 | €2,208 | -€227 | -9.3% |
| Gross operating margin | 9900 | €126,278 | €90,188 | -€36,091 | -28.6% |
| Operating profit (loss) | 9901 | €91,603 | €51,552 | -€40,051 | -43.7% |
| Financial income | 75/76B | €2 | €9 | +€7 | +495.4% |
| Recurring financial income | 75 | €2 | €9 | +€7 | +495.4% |
| Financial charges | 65/66B | €1,729 | €1,683 | -€46 | -2.7% |
| Recurring financial charges | 65 | €1,729 | €1,683 | -€46 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €89,875 | €49,878 | -€39,997 | -44.5% |
| Income taxes | 67/77 | €20,363 | €10,962 | -€9,401 | -46.2% |
| Profit (loss) for the period | 9904 | €69,512 | €38,916 | -€30,596 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,512 | €38,916 | -€30,596 | -44.0% |
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 28 September 2026 via checked.be.