P. CONSTRUCT: 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.
P. CONSTRUCT
Largest movements
- Stocks and contracts +€190,501
up €190,501 (+188.9%), from €100,854 to €291,355
- Cash +€7,988
up €7,988 (+80.0%), from €9,985 to €17,972
mainly Other debts (+€197,496) and Deferred charges and accrued income (+€4,657)
- Deferred charges and accrued income -€4,657
down €4,657 (-100.0%), from €4,657 to €0
- Other debts +€197,496
up €197,496 (+152.1%), from €129,844 to €327,339
- Profit (loss) carried forward -€5,328
down €5,328 (-31.4%), from -€16,958 to -€22,286
- Gross operating margin +€5,041
up €5,041 (+52.4%), from -€9,615 to -€4,575
- Other operating charges +€169
up €169 (+32.1%), from €528 to €697
- Financial income -€104
down €104 (-67.1%), from €156 to €51
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 | €116,827 | €309,447 | +€192,621 | +164.9% |
| Current assets | 29/58 | €116,827 | €309,447 | +€192,621 | +164.9% |
| Stocks and contracts in progress | 3 | €100,854 | €291,355 | +€190,501 | +188.9% |
| Stocks | 30/36 | €100,854 | €291,355 | +€190,501 | +188.9% |
| Amounts receivable within one year | 40/41 | €1,331 | €120 | -€1,211 | -91.0% |
| Trade receivables | 40 | €448 | €0 | -€448 | -100.0% |
| Other amounts receivable | 41 | €883 | €120 | -€763 | -86.5% |
| Cash at bank and in hand | 54/58 | €9,985 | €17,972 | +€7,988 | +80.0% |
| Deferred charges and accrued income | 490/1 | €4,657 | €0 | -€4,657 | -100.0% |
| Total equity and liabilities | 10/49 | €116,827 | €309,447 | +€192,621 | +164.9% |
| Equity | 10/15 | -€13,958 | -€19,286 | -€5,328 | -38.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,958 | -€22,286 | -€5,328 | -31.4% |
| Amounts payable | 17/49 | €130,784 | €328,733 | +€197,949 | +151.4% |
| Amounts payable within one year | 42/48 | €130,784 | €328,733 | +€197,949 | +151.4% |
| Trade debts | 44 | €940 | €1,394 | +€453 | +48.2% |
| Suppliers | 440/4 | €940 | €1,394 | +€453 | +48.2% |
| Other amounts payable | 47/48 | €129,844 | €327,339 | +€197,496 | +152.1% |
| Other operating charges | 640/8 | €528 | €697 | +€169 | +32.1% |
| Gross operating margin | 9900 | -€9,615 | -€4,575 | +€5,041 | +52.4% |
| Operating profit (loss) | 9901 | -€10,143 | -€5,272 | +€4,871 | +48.0% |
| Financial income | 75/76B | €156 | €51 | -€104 | -67.1% |
| Recurring financial income | 75 | €156 | €51 | -€104 | -67.1% |
| Financial charges | 65/66B | €179 | €108 | -€71 | -39.7% |
| Recurring financial charges | 65 | €179 | €108 | -€71 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,166 | -€5,328 | +€4,838 | +47.6% |
| Profit (loss) for the period | 9904 | -€10,166 | -€5,328 | +€4,838 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,166 | -€5,328 | +€4,838 | +47.6% |
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 4 October 2026 via checked.be.