MODERN CONSTRUCT BRUSSELS: 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.
MODERN CONSTRUCT BRUSSELS
Largest movements
- Tangible fixed assets -€427,937
down €427,937 (-26.8%), from €1.6m to €1.2m
of which Land and buildings: -€456,450
- Receivables after one year +€293,500
up €293,500 (+57.9%), from €506,500 to €800,000
- Receivables within one year +€141,251
up €141,251 (+47.7%), from €296,127 to €437,378
of which Other amounts receivable: +€144,819
- Deferred charges and accrued income +€84,400
up €84,400 (+36.7%), from €229,803 to €314,203
- Current portion of long-term debt -€354,252
down €354,252 (-81.0%), from €437,227 to €82,975
- Debts after one year +€314,088
up €314,088 (+16.1%), from €2.0m to €2.3m
- Profit (loss) carried forward +€162,239
up €162,239, from -€150,737 to €11,502
- Gross operating margin +€105,873
up €105,873 (+157.9%), from €67,067 to €172,940
- Financial income +€26,346
up €26,346 (+37.3%), from €70,546 to €96,892
- Financial charges +€25,360
up €25,360 (+131.7%), from €19,263 to €44,623
- Taxes +€7,178
up €7,178 (+2130.8%), from €337 to €7,515
- Staff costs +€1,826
new in 2025: €1,826
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 | €2,725,598 | €2,829,542 | +€103,944 | +3.8% |
| Fixed assets | 21/28 | €1,689,881 | €1,262,921 | -€426,959 | -25.3% |
| Tangible fixed assets | 22/27 | €1,594,754 | €1,166,817 | -€427,937 | -26.8% |
| Land and buildings | 22 | €1,549,329 | €1,092,879 | -€456,450 | -29.5% |
| Plant, machinery and equipment | 23 | €30,920 | €26,911 | -€4,009 | -13.0% |
| Furniture and vehicles | 24 | - | €35,477 | +€35,477 | |
| Other tangible fixed assets | 26 | €14,505 | €11,550 | -€2,955 | -20.4% |
| Financial fixed assets | 28 | €95,127 | €96,105 | +€977 | +1.0% |
| Current assets | 29/58 | €1,035,717 | €1,566,620 | +€530,904 | +51.3% |
| Amounts receivable after more than one year | 29 | €506,500 | €800,000 | +€293,500 | +57.9% |
| Other amounts receivable | 291 | €506,500 | €800,000 | +€293,500 | +57.9% |
| Amounts receivable within one year | 40/41 | €296,127 | €437,378 | +€141,251 | +47.7% |
| Trade receivables | 40 | €3,568 | €0 | -€3,568 | -100.0% |
| Other amounts receivable | 41 | €292,559 | €437,378 | +€144,819 | +49.5% |
| Cash at bank and in hand | 54/58 | €3,286 | €15,039 | +€11,753 | +357.6% |
| Deferred charges and accrued income | 490/1 | €229,803 | €314,203 | +€84,400 | +36.7% |
| Total equity and liabilities | 10/49 | €2,725,598 | €2,829,542 | +€103,944 | +3.8% |
| Equity | 10/15 | €244,880 | €407,119 | +€162,239 | +66.3% |
| Contributions | 10/11 | €395,000 | €395,000 | = | 0.0% |
| Reserves | 13 | €617 | €617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €617 | €617 | = | 0.0% |
| Reserves not available under the articles | 1311 | €617 | €617 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,737 | €11,502 | +€162,239 | |
| Amounts payable | 17/49 | €2,480,718 | €2,422,423 | -€58,295 | -2.3% |
| Amounts payable after more than one year | 17 | €1,951,333 | €2,265,421 | +€314,088 | +16.1% |
| Financial debts | 170/4 | €1,951,333 | €2,265,421 | +€314,088 | +16.1% |
| Amounts payable within one year | 42/48 | €476,427 | €112,718 | -€363,708 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €437,227 | €82,975 | -€354,252 | -81.0% |
| Trade debts | 44 | €5,807 | €4,561 | -€1,246 | -21.5% |
| Suppliers | 440/4 | €5,807 | €4,561 | -€1,246 | -21.5% |
| Taxes, remuneration and social security | 45 | €1,475 | €8,682 | +€7,207 | +488.7% |
| Taxes | 450/3 | €1,475 | €8,682 | +€7,207 | +488.7% |
| Other amounts payable | 47/48 | €31,918 | €16,500 | -€15,418 | -48.3% |
| Accrued charges and deferred income | 492/3 | €52,958 | €44,284 | -€8,674 | -16.4% |
| Remuneration, social security and pensions | 62 | - | €1,826 | +€1,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,549 | €46,488 | -€1,061 | -2.2% |
| Other operating charges | 640/8 | €8,010 | €7,141 | -€869 | -10.9% |
| Gross operating margin | 9900 | €67,067 | €172,940 | +€105,873 | +157.9% |
| Operating profit (loss) | 9901 | €11,508 | €117,485 | +€105,977 | +920.9% |
| Financial income | 75/76B | €70,546 | €96,892 | +€26,346 | +37.3% |
| Recurring financial income | 75 | €70,546 | €96,892 | +€26,346 | +37.3% |
| Financial charges | 65/66B | €19,263 | €44,623 | +€25,360 | +131.7% |
| Recurring financial charges | 65 | €19,263 | €44,623 | +€25,360 | +131.7% |
| Profit (loss) for the period before taxes | 9903 | €62,791 | €169,753 | +€106,963 | +170.3% |
| Income taxes | 67/77 | €337 | €7,515 | +€7,178 | +2130.8% |
| Profit (loss) for the period | 9904 | €62,454 | €162,239 | +€99,785 | +159.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,454 | €162,239 | +€99,785 | +159.8% |
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 4 October 2026 via checked.be.