KONSTRUCTIEF: what changed
What changed
KONSTRUCTIEF
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
€47,384
2024 · €2,638+€44,746
Equity
€645,230
2024 · €597,846+€47,384
Cash
€238,307
2024 · €196,189+€42,118
Balance sheet total
€1.4m
2024 · €1.2m+€183,989
Largest movements
Assets
- Tangible fixed assets +€262,508
up €262,508 (+41.3%), from €636,197 to €898,705
of which Furniture and vehicles: +€194,841
- Receivables after one year -€100,132
down €100,132 (-60.8%), from €164,669 to €64,538
- Cash +€42,118
up €42,118 (+21.5%), from €196,189 to €238,307
mainly Debts after one year (+€185,654) and Depreciation (+€121,051)
Equity and liabilities
- Debts after one year +€185,654
up €185,654 (+55.2%), from €336,439 to €522,094
of which Other amounts payable: +€250,000
- Trade debts -€60,593
down €60,593 (-31.6%), from €191,698 to €131,105
- Reserves +€47,384
up €47,384 (+8.2%), from €579,246 to €626,630
of which Tax-exempt reserves: +€32,772
Income statement
- Purchases and services +€1.4m
new in 2025: €1.4m
- Turnover +€366,323
up €366,323 (+31.0%), from €1.2m to €1.5m
- Staff costs -€76,822
no longer reported in 2025 (was €76,822)
- Depreciation +€38,686
up €38,686 (+47.0%), from €82,365 to €121,051
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,638
Gross operating margin
+€8,188
Staff costs
+€76,822
Depreciation
-€38,686
Other operating charges
+€866
Financial income
+€514
Financial charges
-€4,519
Taxes
+€1,562
Result 2025
€47,384
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€243,437
Investment
-€383,559
Financing
+€182,240
Cash 2024
€196,189
From operations (derived)
+€243,437
Net result for the year
+€47,384
Depreciation
+€121,051
Receivables after one year
+€100,132
Stocks and contracts
+€13,414
Receivables within one year
+€10,990
Deferred charges and accrued income
-€3,899
Provisions
-€1,142
Trade debts
-€60,593
Tax, wage and social debts
+€8,086
Accrued charges and deferred income
+€8,015
Investment (derived)
-€383,559
Investment in fixed assets (net)
-€383,559
Financing
+€182,240
Debts after one year
+€185,654
Current portion of long-term debt
-€3,415
Cash 2025
€238,307
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,213,260 | €1,397,249 | +€183,989 | +15.2% |
| Fixed assets | 21/28 | €637,747 | €900,255 | +€262,508 | +41.2% |
| Tangible fixed assets | 22/27 | €636,197 | €898,705 | +€262,508 | +41.3% |
| Land and buildings | 22 | €413,554 | €485,178 | +€71,623 | +17.3% |
| Plant, machinery and equipment | 23 | €34,381 | €45,025 | +€10,644 | +31.0% |
| Furniture and vehicles | 24 | €158,141 | €352,982 | +€194,841 | +123% |
| Leasing and similar rights | 25 | €30,120 | €15,520 | -€14,600 | -48.5% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €575,513 | €496,995 | -€78,519 | -13.6% |
| Amounts receivable after more than one year | 29 | €164,669 | €64,538 | -€100,132 | -60.8% |
| Trade receivables | 290 | €164,669 | €64,538 | -€100,132 | -60.8% |
| Stocks and contracts in progress | 3 | €64,113 | €50,699 | -€13,414 | -20.9% |
| Stocks | 30/36 | €54,113 | €38,699 | -€15,414 | -28.5% |
| Contracts in progress | 37 | €10,000 | €12,000 | +€2,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €143,633 | €132,643 | -€10,990 | -7.7% |
| Trade receivables | 40 | €138,885 | €122,449 | -€16,436 | -11.8% |
| Other amounts receivable | 41 | €4,747 | €10,194 | +€5,447 | +115% |
| Cash at bank and in hand | 54/58 | €196,189 | €238,307 | +€42,118 | +21.5% |
| Deferred charges and accrued income | 490/1 | €6,909 | €10,808 | +€3,899 | +56.4% |
| Total equity and liabilities | 10/49 | €1,213,260 | €1,397,249 | +€183,989 | +15.2% |
| Equity | 10/15 | €597,846 | €645,230 | +€47,384 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €579,246 | €626,630 | +€47,384 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,476 | €77,249 | +€32,772 | +73.7% |
| Distributable reserves | 133 | €532,910 | €547,521 | +€14,612 | +2.7% |
| Provisions and deferred taxes | 16 | €22,925 | €21,782 | -€1,142 | -5.0% |
| Deferred taxes | 168 | €22,925 | €21,782 | -€1,142 | -5.0% |
| Amounts payable | 17/49 | €592,489 | €730,237 | +€137,748 | +23.2% |
| Amounts payable after more than one year | 17 | €336,439 | €522,094 | +€185,654 | +55.2% |
| Financial debts | 170/4 | €196,439 | €132,094 | -€64,346 | -32.8% |
| Other amounts payable | 178/9 | €140,000 | €390,000 | +€250,000 | +179% |
| Amounts payable within one year | 42/48 | €249,322 | €193,400 | -€55,922 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €50,157 | €46,742 | -€3,415 | -6.8% |
| Trade debts | 44 | €191,698 | €131,105 | -€60,593 | -31.6% |
| Suppliers | 440/4 | €191,698 | €131,105 | -€60,593 | -31.6% |
| Taxes, remuneration and social security | 45 | €7,467 | €15,554 | +€8,086 | +108% |
| Taxes | 450/3 | €5,667 | €13,754 | +€8,086 | +143% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,728 | €14,743 | +€8,015 | +119% |
| Turnover | 70 | €1,180,651 | €1,546,974 | +€366,323 | +31.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,434,693 | +€1.4m | |
| Remuneration, social security and pensions | 62 | €76,822 | - | -€76,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,365 | €121,051 | +€38,686 | +47.0% |
| Other operating charges | 640/8 | €6,846 | €5,980 | -€866 | -12.7% |
| Gross operating margin | 9900 | €181,014 | €189,202 | +€8,188 | +4.5% |
| Operating profit (loss) | 9901 | €14,982 | €62,171 | +€47,190 | +315% |
| Financial income | 75/76B | €280 | €794 | +€514 | +183% |
| Recurring financial income | 75 | €280 | €794 | +€514 | +183% |
| Financial charges | 65/66B | €10,530 | €15,049 | +€4,519 | +42.9% |
| Recurring financial charges | 65 | €10,530 | €15,049 | +€4,519 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €4,732 | €47,917 | +€43,184 | +913% |
| Transfer from deferred taxes | 780 | €1,142 | €1,142 | = | 0.0% |
| Income taxes | 67/77 | €3,237 | €1,675 | -€1,562 | -48.3% |
| Profit (loss) for the period | 9904 | €2,638 | €47,384 | +€44,746 | +1,696% |
| Transfer from tax-exempt reserves | 789 | €2,228 | €2,228 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €35,000 | +€35,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,866 | €14,612 | +€9,746 | +200% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.