NAC 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.
NAC CONSTRUCT
Largest movements
- Stocks and contracts -€6,349
down €6,349 (-63.5%), from €10,000 to €3,651
of which Contracts in progress: -€10,000
- Receivables within one year +€3,933
up €3,933 (+178%), from €2,211 to €6,144
of which Other amounts receivable: +€4,342
- Deferred charges and accrued income -€136
no longer reported in 2025 (was €136)
- Cash -€125
no longer reported in 2025 (was €125)
mainly Other debts (-€4,551) and Receivables within one year (-€3,933)
- Other debts -€4,551
down €4,551 (-100%), from €4,551 to €0
- Profit (loss) carried forward +€3,293
up €3,293 (+40.7%), from -€8,092 to -€4,799
- Tax, wage and social debts -€1,875
down €1,875 (-69.2%), from €2,709 to €834
of which Taxes: -€1,870
- Short-term financial debts +€871
up €871 (+22.7%), from €3,829 to €4,700
- Trade debts -€297
down €297 (-88.4%), from €336 to €39
of which Suppliers: -€297
- Gross operating margin -€6,012
down €6,012 (-36.0%), from €16,717 to €10,705
- Taxes -€4,096
down €4,096, from €2,226 to -€1,870
- Staff costs +€589
up €589 (+13.1%), from €4,491 to €5,080
- Other operating charges -€197
down €197 (-33.3%), from €592 to €395
- Financial charges -€191
down €191 (-38.1%), from €501 to €310
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 | €12,472 | €9,795 | -€2,677 | -21.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €12,472 | €9,795 | -€2,677 | -21.5% |
| Stocks and contracts in progress | 3 | €10,000 | €3,651 | -€6,349 | -63.5% |
| Stocks | 30/36 | - | €3,651 | +€3,651 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €2,211 | €6,144 | +€3,933 | +178% |
| Trade receivables | 40 | €1,694 | €1,285 | -€409 | -24.1% |
| Other amounts receivable | 41 | €517 | €4,859 | +€4,342 | +840% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €125 | - | -€125 | |
| Deferred charges and accrued income | 490/1 | €136 | - | -€136 | |
| Total equity and liabilities | 10/49 | €12,472 | €9,795 | -€2,677 | -21.5% |
| Equity | 10/15 | €929 | €4,222 | +€3,293 | +354% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,821 | €2,821 | = | 0.0% |
| Distributable reserves | 133 | €2,821 | €2,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,092 | -€4,799 | +€3,293 | +40.7% |
| Amounts payable | 17/49 | €11,543 | €5,573 | -€5,970 | -51.7% |
| Amounts payable within one year | 42/48 | €11,425 | €5,573 | -€5,852 | -51.2% |
| Financial debts | 43 | €3,829 | €4,700 | +€871 | +22.7% |
| Credit institutions | 430/8 | €3,829 | €4,700 | +€871 | +22.7% |
| Trade debts | 44 | €336 | €39 | -€297 | -88.4% |
| Suppliers | 440/4 | €336 | €39 | -€297 | -88.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,709 | €834 | -€1,875 | -69.2% |
| Taxes | 450/3 | €2,226 | €356 | -€1,870 | -84.0% |
| Remuneration and social security | 454/9 | €483 | €478 | -€5 | -1.0% |
| Other amounts payable | 47/48 | €4,551 | €0 | -€4,551 | -100% |
| Accrued charges and deferred income | 492/3 | €118 | €0 | -€118 | -100% |
| Remuneration, social security and pensions | 62 | €4,491 | €5,080 | +€589 | +13.1% |
| Other operating charges | 640/8 | €592 | €395 | -€197 | -33.3% |
| Non-recurring operating charges | 66A | - | €3,496 | +€3,496 | |
| Gross operating margin | 9900 | €16,717 | €10,705 | -€6,012 | -36.0% |
| Operating profit (loss) | 9901 | €11,634 | €1,734 | -€9,900 | -85.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €501 | €310 | -€191 | -38.1% |
| Recurring financial charges | 65 | €501 | €310 | -€191 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €11,134 | €1,424 | -€9,710 | -87.2% |
| Income taxes | 67/77 | €2,226 | -€1,870 | -€4,096 | |
| Profit (loss) for the period | 9904 | €8,908 | €3,294 | -€5,614 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,908 | €3,294 | -€5,614 | -63.0% |
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 19 October 2026 via checked.be.