ON CONSTRUCTION: what changed
Two fiscal 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 CONSTRUCTION
Largest movements
- Receivables within one year +€46,689
up €46,689 (+137.0%), from €34,086 to €80,776
of which Trade receivables: +€45,889
- Cash -€20,655
no longer reported in 2025 (was €20,655)
mainly Receivables within one year (-€46,689) and Contributions, distributions and other (-€32,941)
- Tangible fixed assets -€14,621
down €14,621 (-30.7%), from €47,679 to €33,057
of which Furniture and vehicles: -€12,022
- Profit (loss) carried forward +€17,397
up €17,397 (+91.9%), from €18,940 to €36,337
- Debts after one year -€10,149
down €10,149 (-37.5%), from €27,052 to €16,903
- Short-term financial debts +€9,736
new in 2025: €9,736
- Other debts -€7,000
down €7,000 (-20.0%), from €35,000 to €28,000
- Tax, wage and social debts +€3,187
up €3,187 (+40.2%), from €7,925 to €11,113
of which Taxes: +€4,514
- Gross operating margin +€23,157
up €23,157 (+40.2%), from €57,560 to €80,718
- Staff costs -€12,312
down €12,312 (-83.7%), from €14,712 to €2,400
- Taxes +€2,371
up €2,371 (+45.9%), from €5,165 to €7,536
- Financial charges +€2,331
up €2,331 (+115.8%), from €2,014 to €4,345
- Depreciation -€1,131
down €1,131 (-6.7%), from €16,782 to €15,651
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 | €105,550 | €117,576 | +€12,026 | +11.4% |
| Fixed assets | 21/28 | €48,308 | €33,687 | -€14,621 | -30.3% |
| Tangible fixed assets | 22/27 | €47,679 | €33,057 | -€14,621 | -30.7% |
| Plant, machinery and equipment | 23 | €4,287 | €1,687 | -€2,599 | -60.6% |
| Furniture and vehicles | 24 | €43,392 | €31,370 | -€12,022 | -27.7% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €57,241 | €83,889 | +€26,648 | +46.6% |
| Amounts receivable within one year | 40/41 | €34,086 | €80,776 | +€46,689 | +137.0% |
| Trade receivables | 40 | €23,092 | €68,981 | +€45,889 | +198.7% |
| Other amounts receivable | 41 | €10,994 | €11,795 | +€801 | +7.3% |
| Cash at bank and in hand | 54/58 | €20,655 | - | -€20,655 | |
| Deferred charges and accrued income | 490/1 | €2,500 | €3,113 | +€613 | +24.5% |
| Total equity and liabilities | 10/49 | €105,550 | €117,576 | +€12,026 | +11.4% |
| Equity | 10/15 | €23,940 | €41,337 | +€17,397 | +72.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,940 | €36,337 | +€17,397 | +91.9% |
| Amounts payable | 17/49 | €81,609 | €76,239 | -€5,371 | -6.6% |
| Amounts payable after more than one year | 17 | €27,052 | €16,903 | -€10,149 | -37.5% |
| Financial debts | 170/4 | €27,052 | €16,903 | -€10,149 | -37.5% |
| Amounts payable within one year | 42/48 | €54,557 | €59,335 | +€4,778 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €9,759 | €10,149 | +€389 | +4.0% |
| Financial debts | 43 | - | €9,736 | +€9,736 | |
| Credit institutions | 430/8 | - | €9,736 | +€9,736 | |
| Trade debts | 44 | €1,872 | €338 | -€1,534 | -81.9% |
| Suppliers | 440/4 | €1,872 | €338 | -€1,534 | -81.9% |
| Taxes, remuneration and social security | 45 | €7,925 | €11,113 | +€3,187 | +40.2% |
| Taxes | 450/3 | €4,531 | €9,044 | +€4,514 | +99.6% |
| Remuneration and social security | 454/9 | €3,395 | €2,068 | -€1,326 | -39.1% |
| Other amounts payable | 47/48 | €35,000 | €28,000 | -€7,000 | -20.0% |
| Non-recurring operating income | 76A | - | €5 | +€5 | |
| Remuneration, social security and pensions | 62 | €14,712 | €2,400 | -€12,312 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,782 | €15,651 | -€1,131 | -6.7% |
| Other operating charges | 640/8 | €268 | €448 | +€179 | +66.9% |
| Gross operating margin | 9900 | €57,560 | €80,718 | +€23,157 | +40.2% |
| Operating profit (loss) | 9901 | €25,798 | €62,219 | +€36,421 | +141.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,014 | €4,345 | +€2,331 | +115.8% |
| Recurring financial charges | 65 | €2,014 | €4,345 | +€2,331 | +115.8% |
| Profit (loss) for the period before taxes | 9903 | €23,784 | €57,874 | +€34,090 | +143.3% |
| Income taxes | 67/77 | €5,165 | €7,536 | +€2,371 | +45.9% |
| Profit (loss) for the period | 9904 | €18,619 | €50,338 | +€31,719 | +170.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,619 | €50,338 | +€31,719 | +170.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.