ND Constructief: 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.
ND Constructief
Largest movements
- Stocks and contracts +€77,427
up €77,427 (+218%), from €35,443 to €112,870
- Cash -€17,818
down €17,818 (-25.7%), from €69,298 to €51,480
mainly Stocks and contracts (-€77,427) and Trade debts (-€5,536)
- Receivables within one year -€7,370
down €7,370 (-90.4%), from €8,156 to €786
of which Other amounts receivable: -€7,370
- Debts after one year +€60,434
up €60,434, from €0 to €60,434
- Trade debts -€5,536
down €5,536 (-100%), from €5,536 to €0
- Reserves -€2,137
down €2,137 (-5.2%), from €41,415 to €39,278
of which Distributable reserves: -€2,137
- Gross operating margin +€2,225
up €2,225 (+57.1%), from -€3,898 to -€1,673
- Financial income -€1,382
down €1,382 (-68.2%), from €2,027 to €645
- Financial charges +€411
up €411 (+138%), from €298 to €709
- Other operating charges -€117
down €117 (-22.6%), from €516 to €400
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 | €112,896 | €165,135 | +€52,239 | +46.3% |
| Current assets | 29/58 | €112,896 | €165,135 | +€52,239 | +46.3% |
| Stocks and contracts in progress | 3 | €35,443 | €112,870 | +€77,427 | +218% |
| Stocks | 30/36 | €35,443 | €112,870 | +€77,427 | +218% |
| Amounts receivable within one year | 40/41 | €8,156 | €786 | -€7,370 | -90.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,156 | €786 | -€7,370 | -90.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €69,298 | €51,480 | -€17,818 | -25.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €112,896 | €165,135 | +€52,239 | +46.3% |
| Equity | 10/15 | €106,415 | €104,278 | -€2,137 | -2.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €41,415 | €39,278 | -€2,137 | -5.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,415 | €39,278 | -€2,137 | -5.2% |
| Amounts payable | 17/49 | €6,481 | €60,857 | +€54,376 | +839% |
| Amounts payable after more than one year | 17 | €0 | €60,434 | +€60,434 | |
| Other amounts payable | 178/9 | €0 | €60,434 | +€60,434 | |
| Amounts payable within one year | 42/48 | €6,481 | €0 | -€6,481 | -100% |
| Trade debts | 44 | €5,536 | €0 | -€5,536 | -100% |
| Suppliers | 440/4 | €5,536 | €0 | -€5,536 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €945 | €0 | -€945 | -100% |
| Accrued charges and deferred income | 492/3 | - | €423 | +€423 | |
| Non-recurring operating income | 76A | €0 | €69 | +€69 | |
| Other operating charges | 640/8 | €516 | €400 | -€117 | -22.6% |
| Gross operating margin | 9900 | -€3,898 | -€1,673 | +€2,225 | +57.1% |
| Operating profit (loss) | 9901 | -€4,414 | -€2,073 | +€2,342 | +53.0% |
| Financial income | 75/76B | €2,027 | €645 | -€1,382 | -68.2% |
| Recurring financial income | 75 | €2,027 | €645 | -€1,382 | -68.2% |
| Financial charges | 65/66B | €298 | €709 | +€411 | +138% |
| Recurring financial charges | 65 | €298 | €709 | +€411 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€2,685 | -€2,137 | +€548 | +20.4% |
| Profit (loss) for the period | 9904 | -€2,685 | -€2,137 | +€548 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,685 | -€2,137 | +€548 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.