MY 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.
MY CONSTRUCT.
Largest movements
- Cash -€112,599
down €112,599 (-52.3%), from €215,111 to €102,513
mainly Current investments (-€100,000) and Receivables within one year (-€41,636)
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€41,636
up €41,636 (+71.3%), from €58,364 to €100,000
of which Trade receivables: +€39,127
- Tangible fixed assets -€6,495
down €6,495 (-42.6%), from €15,239 to €8,744
of which Furniture and vehicles: -€6,715
- Trade debts +€28,332
new in 2025: €28,332
- Other debts -€26,870
down €26,870 (-99.6%), from €26,987 to €117
- Debts after one year +€15,000
up €15,000 (+10.3%), from €145,000 to €160,000
- Reserves +€13,263
up €13,263 (+13.5%), from €98,380 to €111,643
of which Distributable reserves: +€15,123
- Current portion of long-term debt -€5,313
no longer reported in 2025 (was €5,313)
- Gross operating margin -€19,424
down €19,424 (-30.0%), from €64,778 to €45,353
- Staff costs -€4,271
down €4,271 (-24.2%), from €17,627 to €13,356
- Taxes -€2,532
down €2,532 (-25.3%), from €10,000 to €7,469
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 | €291,879 | €313,363 | +€21,484 | +7.4% |
| Fixed assets | 21/28 | €18,231 | €9,107 | -€9,124 | -50.0% |
| Tangible fixed assets | 22/27 | €15,239 | €8,744 | -€6,495 | -42.6% |
| Plant, machinery and equipment | 23 | €1,307 | €1,528 | +€221 | +16.9% |
| Furniture and vehicles | 24 | €13,932 | €7,217 | -€6,715 | -48.2% |
| Financial fixed assets | 28 | €2,993 | €363 | -€2,630 | -87.9% |
| Current assets | 29/58 | €273,648 | €304,256 | +€30,608 | +11.2% |
| Amounts receivable within one year | 40/41 | €58,364 | €100,000 | +€41,636 | +71.3% |
| Trade receivables | 40 | €40,311 | €79,438 | +€39,127 | +97.1% |
| Other amounts receivable | 41 | €18,053 | €20,562 | +€2,509 | +13.9% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €215,111 | €102,513 | -€112,599 | -52.3% |
| Deferred charges and accrued income | 490/1 | €172 | €1,743 | +€1,570 | +911% |
| Total equity and liabilities | 10/49 | €291,879 | €313,363 | +€21,484 | +7.4% |
| Equity | 10/15 | €104,580 | €117,843 | +€13,263 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,380 | €111,643 | +€13,263 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €96,520 | €111,643 | +€15,123 | +15.7% |
| Amounts payable | 17/49 | €187,300 | €195,520 | +€8,220 | +4.4% |
| Amounts payable after more than one year | 17 | €145,000 | €160,000 | +€15,000 | +10.3% |
| Other amounts payable | 178/9 | €145,000 | €160,000 | +€15,000 | +10.3% |
| Amounts payable within one year | 42/48 | €42,300 | €35,520 | -€6,780 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €5,313 | - | -€5,313 | |
| Trade debts | 44 | - | €28,332 | +€28,332 | |
| Suppliers | 440/4 | - | €28,332 | +€28,332 | |
| Taxes, remuneration and social security | 45 | €10,000 | €7,071 | -€2,929 | -29.3% |
| Taxes | 450/3 | €10,000 | €7,071 | -€2,929 | -29.3% |
| Other amounts payable | 47/48 | €26,987 | €117 | -€26,870 | -99.6% |
| Non-recurring operating income | 76A | €15,360 | - | -€15,360 | |
| Remuneration, social security and pensions | 62 | €17,627 | €13,356 | -€4,271 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,991 | €9,924 | -€67 | -0.7% |
| Other operating charges | 640/8 | €361 | €298 | -€63 | -17.6% |
| Gross operating margin | 9900 | €64,778 | €45,353 | -€19,424 | -30.0% |
| Operating profit (loss) | 9901 | €36,799 | €21,776 | -€15,023 | -40.8% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €1,480 | €1,044 | -€436 | -29.4% |
| Recurring financial charges | 65 | €1,480 | €1,044 | -€436 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €35,334 | €20,732 | -€14,602 | -41.3% |
| Income taxes | 67/77 | €10,000 | €7,469 | -€2,532 | -25.3% |
| Profit (loss) for the period | 9904 | €25,333 | €13,263 | -€12,070 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,333 | €13,263 | -€12,070 | -47.6% |
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 26 October 2026 via checked.be.