LIVE CONSTRUCT: 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.
LIVE CONSTRUCT
Largest movements
- Cash +€21,490
up €21,490 (+66.8%), from €32,161 to €53,651
mainly Depreciation (+€10,449) and Receivables within one year (+€10,115)
- Receivables within one year -€10,115
down €10,115 (-66.8%), from €15,136 to €5,021
of which Trade receivables: -€8,953
- Tangible fixed assets +€9,784
up €9,784 (+47.6%), from €20,545 to €30,329
of which Plant, machinery and equipment: +€17,391
- Stocks and contracts -€4,644
down €4,644 (-36.4%), from €12,771 to €8,127
of which Contracts in progress: -€5,000
- Debts after one year +€9,123
new in 2025: €9,123
- Reserves +€6,521
up €6,521 (+45.8%), from €14,242 to €20,763
- Trade debts -€5,965
down €5,965 (-30.3%), from €19,687 to €13,722
- Tax, wage and social debts +€2,889
up €2,889 (+65.5%), from €4,407 to €7,296
of which Taxes: +€2,957
- Current portion of long-term debt +€2,695
new in 2025: €2,695
- Depreciation +€3,803
up €3,803 (+57.2%), from €6,646 to €10,449
- Gross operating margin -€2,207
down €2,207 (-8.9%), from €24,680 to €22,473
- Taxes -€901
down €901 (-23.7%), from €3,797 to €2,896
- Financial charges +€579
up €579 (+491%), from €118 to €697
- Other operating charges +€495
up €495 (+31.1%), from €1,589 to €2,084
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.
Derived cash bridge
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 | €80,613 | €97,128 | +€16,515 | +20.5% |
| Fixed assets | 21/28 | €20,545 | €30,329 | +€9,784 | +47.6% |
| Tangible fixed assets | 22/27 | €20,545 | €30,329 | +€9,784 | +47.6% |
| Land and buildings | 22 | €18,845 | - | -€18,845 | |
| Plant, machinery and equipment | 23 | - | €17,391 | +€17,391 | |
| Furniture and vehicles | 24 | €1,700 | €12,938 | +€11,238 | +661% |
| Current assets | 29/58 | €60,068 | €66,799 | +€6,731 | +11.2% |
| Stocks and contracts in progress | 3 | €12,771 | €8,127 | -€4,644 | -36.4% |
| Stocks | 30/36 | €7,771 | €8,127 | +€356 | +4.6% |
| Contracts in progress | 37 | €5,000 | €0 | -€5,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,136 | €5,021 | -€10,115 | -66.8% |
| Trade receivables | 40 | €12,630 | €3,677 | -€8,953 | -70.9% |
| Other amounts receivable | 41 | €2,506 | €1,345 | -€1,161 | -46.3% |
| Cash at bank and in hand | 54/58 | €32,161 | €53,651 | +€21,490 | +66.8% |
| Total equity and liabilities | 10/49 | €80,613 | €97,128 | +€16,515 | +20.5% |
| Equity | 10/15 | €15,242 | €21,763 | +€6,521 | +42.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,242 | €20,763 | +€6,521 | +45.8% |
| Distributable reserves | 133 | €14,242 | €20,763 | +€6,521 | +45.8% |
| Amounts payable | 17/49 | €65,371 | €75,365 | +€9,994 | +15.3% |
| Amounts payable after more than one year | 17 | - | €9,123 | +€9,123 | |
| Financial debts | 170/4 | - | €9,123 | +€9,123 | |
| Amounts payable within one year | 42/48 | €65,371 | €66,242 | +€871 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,695 | +€2,695 | |
| Trade debts | 44 | €19,687 | €13,722 | -€5,965 | -30.3% |
| Suppliers | 440/4 | €19,687 | €13,722 | -€5,965 | -30.3% |
| Taxes, remuneration and social security | 45 | €4,407 | €7,296 | +€2,889 | +65.5% |
| Taxes | 450/3 | €4,339 | €7,296 | +€2,957 | +68.1% |
| Remuneration and social security | 454/9 | €68 | €0 | -€68 | -100% |
| Other amounts payable | 47/48 | €41,277 | €42,528 | +€1,251 | +3.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,646 | €10,449 | +€3,803 | +57.2% |
| Other operating charges | 640/8 | €1,589 | €2,084 | +€495 | +31.1% |
| Gross operating margin | 9900 | €24,680 | €22,473 | -€2,207 | -8.9% |
| Operating profit (loss) | 9901 | €16,445 | €9,941 | -€6,504 | -39.6% |
| Financial income | 75/76B | €3 | €173 | +€170 | +5,671% |
| Recurring financial income | 75 | €3 | €173 | +€170 | +5,671% |
| Financial charges | 65/66B | €118 | €697 | +€579 | +491% |
| Recurring financial charges | 65 | €118 | €697 | +€579 | +491% |
| Profit (loss) for the period before taxes | 9903 | €16,330 | €9,417 | -€6,913 | -42.3% |
| Income taxes | 67/77 | €3,797 | €2,896 | -€901 | -23.7% |
| Profit (loss) for the period | 9904 | €12,533 | €6,521 | -€6,012 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,533 | €6,521 | -€6,012 | -48.0% |
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 16 October 2026 via checked.be.