NABA 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.
NABA CONSTRUCT
Largest movements
- Receivables within one year +€50,730
up €50,730 (+130.7%), from €38,800 to €89,530
of which Other amounts receivable: +€31,215
- Cash -€23,176
down €23,176 (-21.4%), from €108,439 to €85,263
mainly Receivables within one year (-€50,730)
- Advances received +€14,000
new in 2025: €14,000
- Profit (loss) carried forward +€6,297
up €6,297 (+5.1%), from €122,972 to €129,269
- Tax, wage and social debts +€4,885
up €4,885 (+24.4%), from €20,059 to €24,944
- Trade debts +€2,069
up €2,069 (+250.0%), from €828 to €2,897
- Gross operating margin -€61,865
down €61,865 (-71.4%), from €86,624 to €24,759
- Taxes -€24,179
down €24,179 (-83.2%), from €29,063 to €4,885
- Other operating charges +€8,076
up €8,076 (+153.9%), from €5,248 to €13,324
- Financial income -€941
down €941 (-95.3%), from €987 to €46
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 | €148,858 | €176,109 | +€27,251 | +18.3% |
| Fixed assets | 21/28 | €229 | - | -€229 | |
| Tangible fixed assets | 22/27 | €229 | - | -€229 | |
| Plant, machinery and equipment | 23 | €229 | - | -€229 | |
| Current assets | 29/58 | €148,629 | €176,109 | +€27,480 | +18.5% |
| Amounts receivable within one year | 40/41 | €38,800 | €89,530 | +€50,730 | +130.7% |
| Trade receivables | 40 | €5,705 | €25,220 | +€19,515 | +342.1% |
| Other amounts receivable | 41 | €33,095 | €64,310 | +€31,215 | +94.3% |
| Cash at bank and in hand | 54/58 | €108,439 | €85,263 | -€23,176 | -21.4% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,316 | -€75 | -5.4% |
| Total equity and liabilities | 10/49 | €148,858 | €176,109 | +€27,251 | +18.3% |
| Equity | 10/15 | €127,972 | €134,269 | +€6,297 | +4.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,972 | €129,269 | +€6,297 | +5.1% |
| Amounts payable | 17/49 | €20,886 | €41,840 | +€20,954 | +100.3% |
| Amounts payable within one year | 42/48 | €20,886 | €41,840 | +€20,954 | +100.3% |
| Trade debts | 44 | €828 | €2,897 | +€2,069 | +250.0% |
| Suppliers | 440/4 | €828 | €2,897 | +€2,069 | +250.0% |
| Advances received on contracts in progress | 46 | - | €14,000 | +€14,000 | |
| Taxes, remuneration and social security | 45 | €20,059 | €24,944 | +€4,885 | +24.4% |
| Taxes | 450/3 | €20,059 | €24,944 | +€4,885 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €229 | -€324 | -58.6% |
| Other operating charges | 640/8 | €5,248 | €13,324 | +€8,076 | +153.9% |
| Gross operating margin | 9900 | €86,624 | €24,759 | -€61,865 | -71.4% |
| Operating profit (loss) | 9901 | €80,823 | €11,206 | -€69,616 | -86.1% |
| Financial income | 75/76B | €987 | €46 | -€941 | -95.3% |
| Recurring financial income | 75 | €987 | €46 | -€941 | -95.3% |
| Financial charges | 65/66B | €239 | €71 | -€168 | -70.4% |
| Recurring financial charges | 65 | €239 | €71 | -€168 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €81,572 | €11,182 | -€70,390 | -86.3% |
| Income taxes | 67/77 | €29,063 | €4,885 | -€24,179 | -83.2% |
| Profit (loss) for the period | 9904 | €52,508 | €6,297 | -€46,211 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,508 | €6,297 | -€46,211 | -88.0% |
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 9 October 2026 via checked.be.