Management 2 Construction: 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.
Management 2 Construction
Largest movements
- Receivables within one year +€26,209
up €26,209 (+513%), from €5,105 to €31,314
of which Other amounts receivable: +€19,572
- Cash -€8,281
down €8,281 (-100%), from €8,281 to €0
mainly Receivables within one year (-€26,209) and Tax, wage and social debts (-€561)
- Formation expenses -€350
down €350 (-61.8%), from €567 to €217
- Trade debts +€13,443
up €13,443 (+11,393%), from €118 to €13,561
- Reserves +€3,882
up €3,882 (+86.9%), from €4,469 to €8,351
- Short-term financial debts +€814
new in 2025: €814
- Tax, wage and social debts -€561
down €561 (-12.9%), from €4,366 to €3,805
- Gross operating margin -€4,278
down €4,278 (-39.4%), from €10,868 to €6,589
- Taxes +€380
up €380 (+24.2%), from €1,574 to €1,954
- Financial income +€350
up €350 (+77.9%), from €450 to €800
- Other operating charges -€142
down €142 (-14.2%), from €999 to €857
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 | €13,953 | €31,531 | +€17,577 | +126% |
| Formation expenses | 20 | €567 | €217 | -€350 | -61.8% |
| Current assets | 29/58 | €13,386 | €31,314 | +€17,928 | +134% |
| Amounts receivable within one year | 40/41 | €5,105 | €31,314 | +€26,209 | +513% |
| Trade receivables | 40 | - | €6,637 | +€6,637 | |
| Other amounts receivable | 41 | €5,105 | €24,677 | +€19,572 | +383% |
| Cash at bank and in hand | 54/58 | €8,281 | €0 | -€8,281 | -100% |
| Total equity and liabilities | 10/49 | €13,953 | €31,531 | +€17,577 | +126% |
| Equity | 10/15 | €9,469 | €13,351 | +€3,882 | +41.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,469 | €8,351 | +€3,882 | +86.9% |
| Distributable reserves | 133 | €4,469 | €8,351 | +€3,882 | +86.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,484 | €18,180 | +€13,696 | +305% |
| Amounts payable within one year | 42/48 | €4,484 | €18,180 | +€13,696 | +305% |
| Financial debts | 43 | - | €814 | +€814 | |
| Credit institutions | 430/8 | - | €814 | +€814 | |
| Trade debts | 44 | €118 | €13,561 | +€13,443 | +11,393% |
| Suppliers | 440/4 | €118 | €13,561 | +€13,443 | +11,393% |
| Taxes, remuneration and social security | 45 | €4,366 | €3,805 | -€561 | -12.9% |
| Taxes | 450/3 | €4,366 | €3,805 | -€561 | -12.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €350 | = | 0.0% |
| Other operating charges | 640/8 | €999 | €857 | -€142 | -14.2% |
| Gross operating margin | 9900 | €10,868 | €6,589 | -€4,278 | -39.4% |
| Operating profit (loss) | 9901 | €9,518 | €5,382 | -€4,136 | -43.5% |
| Financial income | 75/76B | €450 | €800 | +€350 | +77.9% |
| Recurring financial income | 75 | €450 | €800 | +€350 | +77.9% |
| Financial charges | 65/66B | €256 | €346 | +€91 | +35.4% |
| Recurring financial charges | 65 | €256 | €346 | +€91 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €9,712 | €5,835 | -€3,876 | -39.9% |
| Income taxes | 67/77 | €1,574 | €1,954 | +€380 | +24.2% |
| Profit (loss) for the period | 9904 | €8,138 | €3,882 | -€4,256 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,138 | €3,882 | -€4,256 | -52.3% |
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 15 October 2026 via checked.be.