P. Constructies: 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. Constructies
Largest movements
- Tangible fixed assets +€33,877
up €33,877 (+24.0%), from €141,302 to €175,180
of which Furniture and vehicles: +€33,877
- Receivables within one year -€19,312
down €19,312 (-23.1%), from €83,655 to €64,343
of which Other amounts receivable: -€18,577
- Cash +€5,122
up €5,122 (+5.0%), from €102,150 to €107,272
mainly Depreciation (+€46,025) and Net result for the year (+€38,646)
- Reserves +€38,646
up €38,646 (+25.6%), from €151,094 to €189,740
of which Distributable reserves: +€38,646
- Debts after one year -€27,181
down €27,181 (-34.4%), from €78,957 to €51,776
- Trade debts +€6,801
up €6,801 (+9.5%), from €71,517 to €78,318
- Gross operating margin +€93,120
up €93,120 (+51.1%), from €182,224 to €275,344
- Staff costs +€60,165
up €60,165 (+56.3%), from €106,921 to €167,086
- Depreciation +€21,194
up €21,194 (+85.3%), from €24,832 to €46,025
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 | €329,057 | €348,744 | +€19,687 | +6.0% |
| Fixed assets | 21/28 | €143,252 | €177,130 | +€33,877 | +23.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €141,302 | €175,180 | +€33,877 | +24.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €141,302 | €175,180 | +€33,877 | +24.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €185,805 | €171,615 | -€14,190 | -7.6% |
| Amounts receivable within one year | 40/41 | €83,655 | €64,343 | -€19,312 | -23.1% |
| Trade receivables | 40 | €1,608 | €873 | -€735 | -45.7% |
| Other amounts receivable | 41 | €82,047 | €63,470 | -€18,577 | -22.6% |
| Cash at bank and in hand | 54/58 | €102,150 | €107,272 | +€5,122 | +5.0% |
| Total equity and liabilities | 10/49 | €329,057 | €348,744 | +€19,687 | +6.0% |
| Equity | 10/15 | €169,686 | €208,332 | +€38,646 | +22.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €151,094 | €189,740 | +€38,646 | +25.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €149,235 | €187,881 | +€38,646 | +25.9% |
| Amounts payable | 17/49 | €159,371 | €140,413 | -€18,958 | -11.9% |
| Amounts payable after more than one year | 17 | €78,957 | €51,776 | -€27,181 | -34.4% |
| Financial debts | 170/4 | €78,957 | €51,776 | -€27,181 | -34.4% |
| Amounts payable within one year | 42/48 | €80,414 | €88,636 | +€8,222 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €71,517 | €78,318 | +€6,801 | +9.5% |
| Suppliers | 440/4 | €71,517 | €78,318 | +€6,801 | +9.5% |
| Taxes, remuneration and social security | 45 | €8,897 | €10,318 | +€1,421 | +16.0% |
| Taxes | 450/3 | €8,897 | €10,318 | +€1,421 | +16.0% |
| Remuneration, social security and pensions | 62 | €106,921 | €167,086 | +€60,165 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,832 | €46,025 | +€21,194 | +85.3% |
| Other operating charges | 640/8 | €2,751 | €2,343 | -€407 | -14.8% |
| Gross operating margin | 9900 | €182,224 | €275,344 | +€93,120 | +51.1% |
| Operating profit (loss) | 9901 | €47,721 | €59,890 | +€12,168 | +25.5% |
| Financial income | 75/76B | €5,172 | €3,271 | -€1,901 | -36.8% |
| Recurring financial income | 75 | €5,172 | €3,271 | -€1,901 | -36.8% |
| Financial charges | 65/66B | €3,783 | €4,197 | +€414 | +10.9% |
| Recurring financial charges | 65 | €3,783 | €4,197 | +€414 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €49,110 | €58,964 | +€9,854 | +20.1% |
| Income taxes | 67/77 | €18,897 | €20,318 | +€1,421 | +7.5% |
| Profit (loss) for the period | 9904 | €30,213 | €38,646 | +€8,433 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,213 | €38,646 | +€8,433 | +27.9% |
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.