ON 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.
ON CONSTRUCT
Largest movements
- Cash +€25,791
up €25,791 (+14.8%), from €174,829 to €200,619
mainly Trade debts (+€15,505) and Net result for the year (+€13,797)
- Tangible fixed assets -€11,671
down €11,671 (-70.7%), from €16,516 to €4,846
- Receivables within one year +€10,223
up €10,223 (+79.5%), from €12,867 to €23,091
of which Other amounts receivable: +€12,283
- Trade debts +€15,505
up €15,505 (+88.7%), from €17,487 to €32,992
- Profit (loss) carried forward +€13,797
up €13,797 (+11.1%), from €124,486 to €138,283
- Tax, wage and social debts -€2,713
down €2,713 (-50.6%), from €5,363 to €2,649
of which Remuneration and social security: -€2,713
- Staff costs +€98,276
up €98,276 (+151%), from €64,921 to €163,197
- Purchases and services -€96,621
down €96,621 (-29.0%), from €333,042 to €236,421
- Gross operating margin +€83,663
up €83,663 (+73.0%), from €114,541 to €198,204
- Depreciation -€15,442
down €15,442 (-55.0%), from €28,070 to €12,628
- Turnover -€12,958
down €12,958 (-2.9%), from €447,583 to €434,625
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 | €206,317 | €230,660 | +€24,343 | +11.8% |
| Fixed assets | 21/28 | €18,621 | €6,951 | -€11,671 | -62.7% |
| Tangible fixed assets | 22/27 | €16,516 | €4,846 | -€11,671 | -70.7% |
| Furniture and vehicles | 24 | €16,516 | €4,846 | -€11,671 | -70.7% |
| Financial fixed assets | 28 | €2,105 | €2,105 | = | 0.0% |
| Current assets | 29/58 | €187,696 | €223,710 | +€36,014 | +19.2% |
| Amounts receivable within one year | 40/41 | €12,867 | €23,091 | +€10,223 | +79.5% |
| Trade receivables | 40 | €7,018 | €4,959 | -€2,060 | -29.3% |
| Other amounts receivable | 41 | €5,849 | €18,132 | +€12,283 | +210% |
| Cash at bank and in hand | 54/58 | €174,829 | €200,619 | +€25,791 | +14.8% |
| Total equity and liabilities | 10/49 | €206,317 | €230,660 | +€24,343 | +11.8% |
| Equity | 10/15 | €136,886 | €150,683 | +€13,797 | +10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Share premium | 1100/10 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,486 | €138,283 | +€13,797 | +11.1% |
| Amounts payable | 17/49 | €69,431 | €79,977 | +€10,546 | +15.2% |
| Amounts payable within one year | 42/48 | €69,431 | €79,977 | +€10,546 | +15.2% |
| Trade debts | 44 | €17,487 | €32,992 | +€15,505 | +88.7% |
| Suppliers | 440/4 | €17,487 | €32,992 | +€15,505 | +88.7% |
| Taxes, remuneration and social security | 45 | €5,363 | €2,649 | -€2,713 | -50.6% |
| Taxes | 450/3 | €2,649 | €2,649 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,713 | - | -€2,713 | |
| Other amounts payable | 47/48 | €46,581 | €44,336 | -€2,245 | -4.8% |
| Turnover | 70 | €447,583 | €434,625 | -€12,958 | -2.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €333,042 | €236,421 | -€96,621 | -29.0% |
| Remuneration, social security and pensions | 62 | €64,921 | €163,197 | +€98,276 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,070 | €12,628 | -€15,442 | -55.0% |
| Other operating charges | 640/8 | €12,345 | €4,099 | -€8,246 | -66.8% |
| Non-recurring operating charges | 66A | - | €1,634 | +€1,634 | |
| Gross operating margin | 9900 | €114,541 | €198,204 | +€83,663 | +73.0% |
| Operating profit (loss) | 9901 | €9,206 | €16,646 | +€7,440 | +80.8% |
| Financial income | 75/76B | €137 | €88 | -€48 | -35.5% |
| Recurring financial income | 75 | €137 | €88 | -€48 | -35.5% |
| Non-recurring financial income | 76B | €137 | - | -€137 | |
| Financial charges | 65/66B | €2,072 | €345 | -€1,727 | -83.4% |
| Recurring financial charges | 65 | €173 | €345 | +€172 | +99.1% |
| Non-recurring financial charges | 66B | €1,898 | - | -€1,898 | |
| Profit (loss) for the period before taxes | 9903 | €7,271 | €16,390 | +€9,119 | +125% |
| Income taxes | 67/77 | €14,508 | €2,593 | -€11,915 | -82.1% |
| Profit (loss) for the period | 9904 | -€7,237 | €13,797 | +€21,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,237 | €13,797 | +€21,034 |
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 18 October 2026 via checked.be.