Nordicconstruct: what changed
Nordicconstruct
Largest movements
- Receivables within one year -€284,450
down €284,450 (-70.3%), from €404,407 to €119,958
of which Other amounts receivable: -€219,660
- Cash +€221,613
up €221,613 (+25.3%), from €876,336 to €1.1m
mainly Receivables within one year (+€284,450) and Net result for the year (+€174,079)
- Stocks and contracts +€38,139
up €38,139 (+44.3%), from €86,022 to €124,161
of which Contracts in progress: +€30,000
- Tangible fixed assets -€19,163
down €19,163 (-98.3%), from €19,487 to €325
of which Plant, machinery and equipment: -€16,635
- Accrued charges and deferred income -€66,242
down €66,242 (-14.9%), from €445,637 to €379,395
- Trade debts +€61,609
up €61,609 (+22.3%), from €276,294 to €337,903
- Reserves -€25,921
down €25,921 (-7.2%), from €362,396 to €336,476
- Tax, wage and social debts -€22,031
down €22,031 (-38.4%), from €57,401 to €35,370
- Gross operating margin +€73,105
up €73,105 (+38.3%), from €190,773 to €263,878
- Staff costs +€18,808
new in 2025: €18,808
- Taxes +€17,215
up €17,215 (+39.1%), from €44,077 to €61,292
- Financial income +€4,060
up €4,060, from €0 to €4,060
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,387,330 | €1,343,735 | -€43,595 | -3.1% |
| Fixed assets | 21/28 | €19,487 | €325 | -€19,163 | -98.3% |
| Tangible fixed assets | 22/27 | €19,487 | €325 | -€19,163 | -98.3% |
| Plant, machinery and equipment | 23 | €16,960 | €325 | -€16,635 | -98.1% |
| Furniture and vehicles | 24 | €2,528 | €0 | -€2,528 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,367,842 | €1,343,410 | -€24,432 | -1.8% |
| Stocks and contracts in progress | 3 | €86,022 | €124,161 | +€38,139 | +44.3% |
| Stocks | 30/36 | €66,022 | €74,161 | +€8,139 | +12.3% |
| Contracts in progress | 37 | €20,000 | €50,000 | +€30,000 | +150% |
| Amounts receivable within one year | 40/41 | €404,407 | €119,958 | -€284,450 | -70.3% |
| Trade receivables | 40 | €142,700 | €77,910 | -€64,790 | -45.4% |
| Other amounts receivable | 41 | €261,707 | €42,047 | -€219,660 | -83.9% |
| Cash at bank and in hand | 54/58 | €876,336 | €1,097,950 | +€221,613 | +25.3% |
| Deferred charges and accrued income | 490/1 | €1,077 | €1,342 | +€265 | +24.6% |
| Total equity and liabilities | 10/49 | €1,387,330 | €1,343,735 | -€43,595 | -3.1% |
| Equity | 10/15 | €362,496 | €336,576 | -€25,921 | -7.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €362,396 | €336,476 | -€25,921 | -7.2% |
| Distributable reserves | 133 | €362,396 | €336,476 | -€25,921 | -7.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,024,834 | €1,007,160 | -€17,674 | -1.7% |
| Amounts payable within one year | 42/48 | €579,196 | €627,764 | +€48,568 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €276,294 | €337,903 | +€61,609 | +22.3% |
| Suppliers | 440/4 | €276,294 | €337,903 | +€61,609 | +22.3% |
| Taxes, remuneration and social security | 45 | €57,401 | €35,370 | -€22,031 | -38.4% |
| Taxes | 450/3 | €57,401 | €35,370 | -€22,031 | -38.4% |
| Other amounts payable | 47/48 | €245,502 | €254,491 | +€8,989 | +3.7% |
| Accrued charges and deferred income | 492/3 | €445,637 | €379,395 | -€66,242 | -14.9% |
| Remuneration, social security and pensions | 62 | - | €18,808 | +€18,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,306 | €6,591 | -€715 | -9.8% |
| Other operating charges | 640/8 | €3,862 | €5,009 | +€1,147 | +29.7% |
| Non-recurring operating charges | 66A | €11,518 | - | -€11,518 | |
| Gross operating margin | 9900 | €190,773 | €263,878 | +€73,105 | +38.3% |
| Operating profit (loss) | 9901 | €168,087 | €233,471 | +€65,383 | +38.9% |
| Financial income | 75/76B | €0 | €4,060 | +€4,060 | |
| Recurring financial income | 75 | €0 | €4,060 | +€4,060 | |
| Financial charges | 65/66B | €4,051 | €2,159 | -€1,892 | -46.7% |
| Recurring financial charges | 65 | €4,051 | €2,159 | -€1,892 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €164,036 | €235,372 | +€71,335 | +43.5% |
| Income taxes | 67/77 | €44,077 | €61,292 | +€17,215 | +39.1% |
| Profit (loss) for the period | 9904 | €119,959 | €174,079 | +€54,121 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,959 | €174,079 | +€54,121 | +45.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.