NE CONSTRUCTION: 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.
NE CONSTRUCTION
Largest movements
- Receivables within one year +€26,844
up €26,844 (+515%), from €5,214 to €32,058
of which Trade receivables: +€24,192
- Cash +€3,092
up €3,092 (+9.2%), from €33,441 to €36,534
mainly Trade debts (+€23,328) and Depreciation (+€21,896)
- Tangible fixed assets -€2,258
down €2,258 (-3.9%), from €58,507 to €56,249
of which Plant, machinery and equipment: -€8,325
- Trade debts +€23,328
up €23,328 (+311%), from €7,512 to €30,840
- Profit (loss) carried forward +€12,628
up €12,628 (+60.4%), from €20,911 to €33,539
- Debts after one year -€6,848
down €6,848 (-39.9%), from €17,177 to €10,329
- Tax, wage and social debts -€3,438
down €3,438 (-41.7%), from €8,253 to €4,815
- Other debts +€1,946
up €1,946 (+5.0%), from €39,013 to €40,959
- Gross operating margin +€20,262
up €20,262 (+66.6%), from €30,442 to €50,704
- Financial charges +€8,349
up €8,349 (+759%), from €1,101 to €9,449
- Other operating charges +€2,948
up €2,948 (+388%), from €761 to €3,709
- Taxes +€1,843
up €1,843 (+156%), from €1,180 to €3,023
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 | €102,454 | €130,330 | +€27,876 | +27.2% |
| Fixed assets | 21/28 | €58,507 | €56,249 | -€2,258 | -3.9% |
| Tangible fixed assets | 22/27 | €58,507 | €56,249 | -€2,258 | -3.9% |
| Plant, machinery and equipment | 23 | €21,252 | €12,927 | -€8,325 | -39.2% |
| Furniture and vehicles | 24 | €11,269 | €25,096 | +€13,827 | +123% |
| Leasing and similar rights | 25 | €23,122 | €16,181 | -€6,940 | -30.0% |
| Other tangible fixed assets | 26 | €2,864 | €2,044 | -€820 | -28.6% |
| Current assets | 29/58 | €43,947 | €74,081 | +€30,134 | +68.6% |
| Stocks and contracts in progress | 3 | €3,417 | €3,853 | +€435 | +12.7% |
| Stocks | 30/36 | €3,417 | €3,853 | +€435 | +12.7% |
| Amounts receivable within one year | 40/41 | €5,214 | €32,058 | +€26,844 | +515% |
| Trade receivables | 40 | €4,561 | €28,754 | +€24,192 | +530% |
| Other amounts receivable | 41 | €653 | €3,304 | +€2,652 | +406% |
| Cash at bank and in hand | 54/58 | €33,441 | €36,534 | +€3,092 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,875 | €1,637 | -€238 | -12.7% |
| Total equity and liabilities | 10/49 | €102,454 | €130,330 | +€27,876 | +27.2% |
| Equity | 10/15 | €23,911 | €36,539 | +€12,628 | +52.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,911 | €33,539 | +€12,628 | +60.4% |
| Amounts payable | 17/49 | €78,543 | €93,791 | +€15,248 | +19.4% |
| Amounts payable after more than one year | 17 | €17,177 | €10,329 | -€6,848 | -39.9% |
| Financial debts | 170/4 | €17,177 | €10,329 | -€6,848 | -39.9% |
| Amounts payable within one year | 42/48 | €61,366 | €83,462 | +€22,096 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €6,589 | €6,848 | +€259 | +3.9% |
| Trade debts | 44 | €7,512 | €30,840 | +€23,328 | +311% |
| Suppliers | 440/4 | €7,512 | €30,840 | +€23,328 | +311% |
| Taxes, remuneration and social security | 45 | €8,253 | €4,815 | -€3,438 | -41.7% |
| Taxes | 450/3 | €8,253 | €4,815 | -€3,438 | -41.7% |
| Other amounts payable | 47/48 | €39,013 | €40,959 | +€1,946 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,542 | €21,896 | +€354 | +1.6% |
| Other operating charges | 640/8 | €761 | €3,709 | +€2,948 | +388% |
| Gross operating margin | 9900 | €30,442 | €50,704 | +€20,262 | +66.6% |
| Operating profit (loss) | 9901 | €8,140 | €25,100 | +€16,960 | +208% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,101 | €9,449 | +€8,349 | +759% |
| Recurring financial charges | 65 | €1,101 | €9,449 | +€8,349 | +759% |
| Profit (loss) for the period before taxes | 9903 | €7,039 | €15,651 | +€8,611 | +122% |
| Income taxes | 67/77 | €1,180 | €3,023 | +€1,843 | +156% |
| Profit (loss) for the period | 9904 | €5,860 | €12,628 | +€6,768 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €5,860 | €12,628 | +€6,768 | +116% |
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.