PPN 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.
PPN CONSTRUCT
Largest movements
- Receivables within one year +€4,906
up €4,906 (+7.1%), from €69,402 to €74,308
of which Trade receivables: +€7,059
- Cash -€2,212
down €2,212 (-91.4%), from €2,421 to €209
mainly Receivables within one year (-€4,906) and Other debts (-€2,100)
- Deferred charges and accrued income -€2,066
down €2,066 (-33.3%), from €6,198 to €4,132
- Tax, wage and social debts +€4,457
up €4,457 (+63.5%), from €7,023 to €11,480
of which Remuneration and social security: +€4,400
- Other debts -€2,100
down €2,100 (-18.8%), from €11,165 to €9,065
- Trade debts -€1,790
no longer reported in 2025 (was €1,790)
- Other operating charges -€899
down €899 (-69.9%), from €1,286 to €387
- Financial charges +€864
up €864 (+410.4%), from €210 to €1,074
- Taxes +€703
up €703, from -€687 to €16
- Gross operating margin +€667
up €667 (+76.6%), from €871 to €1,538
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 | €78,022 | €78,649 | +€627 | +0.8% |
| Current assets | 29/58 | €78,022 | €78,649 | +€627 | +0.8% |
| Amounts receivable within one year | 40/41 | €69,402 | €74,308 | +€4,906 | +7.1% |
| Trade receivables | 40 | €44,925 | €51,984 | +€7,059 | +15.7% |
| Other amounts receivable | 41 | €24,477 | €22,324 | -€2,153 | -8.8% |
| Cash at bank and in hand | 54/58 | €2,421 | €209 | -€2,212 | -91.4% |
| Deferred charges and accrued income | 490/1 | €6,198 | €4,132 | -€2,066 | -33.3% |
| Total equity and liabilities | 10/49 | €78,022 | €78,649 | +€627 | +0.8% |
| Equity | 10/15 | €58,044 | €58,104 | +€61 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,017 | €36,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,157 | €34,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,627 | €9,688 | +€61 | +0.6% |
| Amounts payable | 17/49 | €19,978 | €20,544 | +€567 | +2.8% |
| Amounts payable within one year | 42/48 | €19,978 | €20,544 | +€567 | +2.8% |
| Trade debts | 44 | €1,790 | - | -€1,790 | |
| Suppliers | 440/4 | €1,790 | - | -€1,790 | |
| Taxes, remuneration and social security | 45 | €7,023 | €11,480 | +€4,457 | +63.5% |
| Taxes | 450/3 | €1,823 | €1,880 | +€57 | +3.1% |
| Remuneration and social security | 454/9 | €5,200 | €9,600 | +€4,400 | +84.6% |
| Other amounts payable | 47/48 | €11,165 | €9,065 | -€2,100 | -18.8% |
| Other operating charges | 640/8 | €1,286 | €387 | -€899 | -69.9% |
| Gross operating margin | 9900 | €871 | €1,538 | +€667 | +76.6% |
| Operating profit (loss) | 9901 | -€414 | €1,151 | +€1,566 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €210 | €1,074 | +€864 | +410.4% |
| Recurring financial charges | 65 | €210 | €1,074 | +€864 | +410.4% |
| Profit (loss) for the period before taxes | 9903 | -€625 | €77 | +€702 | |
| Income taxes | 67/77 | -€687 | €16 | +€703 | |
| Profit (loss) for the period | 9904 | €62 | €61 | -€1 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62 | €61 | -€1 | -2.0% |
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.