NV 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.
NV CONSTRUCT
Largest movements
- Receivables within one year -€23,082
down €23,082 (-22.9%), from €100,763 to €77,682
of which Trade receivables: -€14,261
- Cash -€7,041
down €7,041 (-25.5%), from €27,642 to €20,601
mainly Contributions, distributions and other (-€15,000) and Trade debts (-€12,328)
- Trade debts -€12,328
down €12,328 (-24.4%), from €50,528 to €38,200
- Profit (loss) carried forward -€7,397
down €7,397 (-26.6%), from €27,776 to €20,378
- Tax, wage and social debts -€5,398
down €5,398 (-30.6%), from €17,667 to €12,270
of which Taxes: -€4,964
- Other debts -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Financial charges -€12,159
down €12,159 (-87.4%), from €13,916 to €1,757
- Gross operating margin -€11,465
down €11,465 (-48.2%), from €23,792 to €12,327
- Other operating charges +€1,238
up €1,238 (+112.6%), from €1,099 to €2,336
- Financial income -€879
down €879 (-24.1%), from €3,648 to €2,769
- Taxes +€315
up €315 (+10.2%), from €3,085 to €3,400
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.
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 | €128,483 | €98,361 | -€30,122 | -23.4% |
| Fixed assets | 21/28 | €78 | €78 | = | 0.0% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €128,405 | €98,283 | -€30,122 | -23.5% |
| Amounts receivable within one year | 40/41 | €100,763 | €77,682 | -€23,082 | -22.9% |
| Trade receivables | 40 | €48,151 | €33,889 | -€14,261 | -29.6% |
| Other amounts receivable | 41 | €52,613 | €43,792 | -€8,820 | -16.8% |
| Cash at bank and in hand | 54/58 | €27,642 | €20,601 | -€7,041 | -25.5% |
| Total equity and liabilities | 10/49 | €128,483 | €98,361 | -€30,122 | -23.4% |
| Equity | 10/15 | €40,288 | €32,891 | -€7,397 | -18.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,513 | €10,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,513 | €10,513 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,513 | €10,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,776 | €20,378 | -€7,397 | -26.6% |
| Amounts payable | 17/49 | €88,195 | €65,470 | -€22,725 | -25.8% |
| Amounts payable within one year | 42/48 | €88,195 | €65,470 | -€22,725 | -25.8% |
| Trade debts | 44 | €50,528 | €38,200 | -€12,328 | -24.4% |
| Suppliers | 440/4 | €50,528 | €38,200 | -€12,328 | -24.4% |
| Taxes, remuneration and social security | 45 | €17,667 | €12,270 | -€5,398 | -30.6% |
| Taxes | 450/3 | €11,532 | €6,568 | -€4,964 | -43.0% |
| Remuneration and social security | 454/9 | €6,135 | €5,702 | -€433 | -7.1% |
| Other amounts payable | 47/48 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Other operating charges | 640/8 | €1,099 | €2,336 | +€1,238 | +112.6% |
| Gross operating margin | 9900 | €23,792 | €12,327 | -€11,465 | -48.2% |
| Operating profit (loss) | 9901 | €22,693 | €9,991 | -€12,702 | -56.0% |
| Financial income | 75/76B | €3,648 | €2,769 | -€879 | -24.1% |
| Recurring financial income | 75 | €3,648 | €2,769 | -€879 | -24.1% |
| Financial charges | 65/66B | €13,916 | €1,757 | -€12,159 | -87.4% |
| Recurring financial charges | 65 | €13,916 | €1,757 | -€12,159 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €12,425 | €11,003 | -€1,422 | -11.4% |
| Income taxes | 67/77 | €3,085 | €3,400 | +€315 | +10.2% |
| Profit (loss) for the period | 9904 | €9,340 | €7,603 | -€1,738 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,340 | €7,603 | -€1,738 | -18.6% |
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 12 October 2026 via checked.be.