PREFER 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.
What changed
PREFER CONSTRUCT
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€353,754
2024 · -€586,263+€940,016
Equity
€2.7m
2024 · €2.0m+€652,250
Cash
€257,725
2024 · €940+€256,785
Balance sheet total
€12.3m
2024 · €11.7m+€655,394
Largest movements
Assets
- Stocks and contracts +€716,689
up €716,689 (+26.0%), from €2.8m to €3.5m
- Cash +€256,785
up €256,785 (+27313.5%), from €940 to €257,725
mainly Depreciation (+€949,911) and Net result for the year (+€353,754)
- Tangible fixed assets -€214,546
down €214,546 (-4.2%), from €5.1m to €4.8m
of which Assets under construction and advance payments: -€663,254
- Receivables within one year -€160,318
down €160,318 (-4.2%), from €3.8m to €3.7m
of which Trade receivables: -€157,700
Equity and liabilities
- Debts after one year -€380,301
down €380,301 (-20.3%), from €1.9m to €1.5m
- Profit (loss) carried forward +€353,754
up €353,754 (+252.9%), from €139,853 to €493,606
- Other debts +€312,979
up €312,979 (+49.6%), from €630,677 to €943,656
- Investment grants +€298,496
up €298,496 (+90.6%), from €329,402 to €627,898
Income statement
- Turnover +€576,265
up €576,265 (+5.4%), from €10.7m to €11.3m
- Services and other goods +€463,119
up €463,119 (+10.2%), from €4.5m to €5.0m
- Goods and materials +€211,295
up €211,295 (+3.9%), from €5.4m to €5.6m
of which Purchases: +€228,671
- Other operating income +€201,213
up €201,213 (+23.9%), from €842,762 to €1.0m
- Staff costs +€196,978
up €196,978 (+18.5%), from €1.1m to €1.3m
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.
Result 2024
-€586,263
Turnover
+€576,265
Other operating income
+€201,213
Goods and materials
-€211,295
Services and other goods
-€463,119
Staff costs
-€196,978
Depreciation
+€131,050
Other operating charges
+€847
Other operating items
+€798,365
Financial income
+€42,353
Financial charges
-€48,334
Taxes
+€109,650
Result 2025
€353,754
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.
From operations
+€1.2m
Investment
-€793,090
Financing
-€136,560
Cash 2024
€940
From operations (derived)
+€1.2m
Net result for the year
+€353,754
Depreciation
+€949,911
Stocks and contracts
-€716,689
Receivables within one year
+€160,318
Smaller working-capital items
+€2,251
Trade debts
+€84,914
Tax, wage and social debts
+€73,337
Advances received
-€34,339
Other debts
+€312,979
Investment (derived)
-€793,090
Investment in fixed assets (net)
-€793,090
Financing
-€136,560
Debts after one year
-€380,301
Current portion of long-term debt
+€31,787
Short-term financial debts
-€86,542
Contributions, distributions and other
+€298,496
Cash 2025
€257,725
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,681,850 | €12,337,244 | +€655,394 | +5.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,087,363 | €4,930,543 | -€156,820 | -3.1% |
| Intangible fixed assets | 21 | €21,121 | €78,847 | +€57,726 | +273.3% |
| Tangible fixed assets | 22/27 | €5,061,725 | €4,847,179 | -€214,546 | -4.2% |
| Land and buildings | 22 | €90,159 | €109,393 | +€19,234 | +21.3% |
| Plant, machinery and equipment | 23 | €4,303,832 | €4,733,347 | +€429,515 | +10.0% |
| Furniture and vehicles | 24 | €588 | €546 | -€42 | -7.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €667,146 | €3,892 | -€663,254 | -99.4% |
| Financial fixed assets | 28 | €4,517 | €4,517 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,517 | €4,517 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,517 | €4,517 | = | 0.0% |
| Current assets | 29/58 | €6,594,487 | €7,406,701 | +€812,214 | +12.3% |
| Stocks and contracts in progress | 3 | €2,755,910 | €3,472,599 | +€716,689 | +26.0% |
| Stocks | 30/36 | €2,755,910 | €3,472,599 | +€716,689 | +26.0% |
| Raw materials and consumables | 30/31 | €1,245,308 | €1,334,155 | +€88,848 | +7.1% |
| Finished goods | 33 | €1,510,602 | €2,138,443 | +€627,841 | +41.6% |
| Amounts receivable within one year | 40/41 | €3,830,975 | €3,670,657 | -€160,318 | -4.2% |
| Trade receivables | 40 | €3,716,418 | €3,558,718 | -€157,700 | -4.2% |
| Other amounts receivable | 41 | €114,557 | €111,939 | -€2,618 | -2.3% |
| Current investments | 50/53 | €0 | €0 | = | |
| Other investments | 51/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €940 | €257,725 | +€256,785 | +27313.5% |
| Deferred charges and accrued income | 490/1 | €6,662 | €5,720 | -€942 | -14.1% |
| Total equity and liabilities | 10/49 | €11,681,850 | €12,337,244 | +€655,394 | +5.6% |
| Equity | 10/15 | €2,046,507 | €2,698,757 | +€652,250 | +31.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,477,252 | €1,477,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | - | -€147,350 | |
| Distributable reserves | 133 | €1,319,902 | €1,467,252 | +€147,350 | +11.2% |
| Profit (loss) carried forward | 14 | €139,853 | €493,606 | +€353,754 | +252.9% |
| Investment grants | 15 | €329,402 | €627,898 | +€298,496 | +90.6% |
| Provisions and deferred taxes | 16 | €15,591 | €15,591 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,591 | €15,591 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,591 | €15,591 | = | 0.0% |
| Amounts payable | 17/49 | €9,619,752 | €9,622,896 | +€3,144 | 0.0% |
| Amounts payable after more than one year | 17 | €1,874,995 | €1,494,694 | -€380,301 | -20.3% |
| Financial debts | 170/4 | €1,874,995 | €1,494,694 | -€380,301 | -20.3% |
| Credit institutions | 173 | €1,874,995 | €1,494,694 | -€380,301 | -20.3% |
| Amounts payable within one year | 42/48 | €7,722,236 | €8,104,373 | +€382,136 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €531,787 | +€31,787 | +6.4% |
| Financial debts | 43 | €4,749,489 | €4,662,947 | -€86,542 | -1.8% |
| Other loans | 439 | €4,749,489 | €4,662,947 | -€86,542 | -1.8% |
| Trade debts | 44 | €1,668,037 | €1,752,951 | +€84,914 | +5.1% |
| Suppliers | 440/4 | €1,668,037 | €1,752,951 | +€84,914 | +5.1% |
| Advances received on contracts in progress | 46 | €34,339 | - | -€34,339 | |
| Taxes, remuneration and social security | 45 | €139,695 | €213,032 | +€73,337 | +52.5% |
| Taxes | 450/3 | €28,468 | €32,348 | +€3,880 | +13.6% |
| Remuneration and social security | 454/9 | €111,228 | €180,684 | +€69,457 | +62.4% |
| Other amounts payable | 47/48 | €630,677 | €943,656 | +€312,979 | +49.6% |
| Accrued charges and deferred income | 492/3 | €22,520 | €23,829 | +€1,309 | +5.8% |
| Operating income | 70/76A | €11,759,219 | €13,309,930 | +€1.6m | +13.2% |
| Turnover | 70 | €10,709,916 | €11,286,181 | +€576,265 | +5.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €179,206 | €747,031 | +€567,825 | +316.9% |
| Other operating income | 74 | €842,762 | €1,043,975 | +€201,213 | +23.9% |
| Non-recurring operating income | 76A | €27,335 | €232,743 | +€205,408 | +751.4% |
| Operating charges | 60/66A | €12,108,489 | €12,822,853 | +€714,364 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €5,361,051 | €5,572,345 | +€211,295 | +3.9% |
| Purchases | 600/8 | €5,312,733 | €5,541,404 | +€228,671 | +4.3% |
| Change in stocks: decrease (increase) | 609 | €48,318 | €30,942 | -€17,376 | -36.0% |
| Services and other goods | 61 | €4,539,511 | €5,002,631 | +€463,119 | +10.2% |
| Remuneration, social security and pensions | 62 | €1,062,980 | €1,259,957 | +€196,978 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080,960 | €949,911 | -€131,050 | -12.1% |
| Other operating charges | 640/8 | €38,319 | €37,472 | -€847 | -2.2% |
| Non-recurring operating charges | 66A | €25,668 | €536 | -€25,132 | -97.9% |
| Operating profit (loss) | 9901 | -€349,271 | €487,077 | +€836,348 | |
| Financial income | 75/76B | €38,376 | €80,729 | +€42,353 | +110.4% |
| Recurring financial income | 75 | €38,376 | €80,729 | +€42,353 | +110.4% |
| Other financial income | 752/9 | €38,376 | €80,729 | +€42,353 | +110.4% |
| Financial charges | 65/66B | €220,255 | €268,589 | +€48,334 | +21.9% |
| Recurring financial charges | 65 | €220,255 | €268,589 | +€48,334 | +21.9% |
| Debt charges | 650 | €216,594 | €265,741 | +€49,147 | +22.7% |
| Other financial charges | 652/9 | €3,661 | €2,848 | -€813 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€531,150 | €299,217 | +€830,367 | |
| Income taxes | 67/77 | €55,112 | -€54,537 | -€109,650 | |
| Taxes | 670/3 | €55,112 | €231 | -€54,882 | -99.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €54,768 | +€54,768 | |
| Profit (loss) for the period | 9904 | -€586,263 | €353,754 | +€940,016 | |
| Transfer from tax-exempt reserves | 789 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€586,263 | €501,104 | +€1.1m |
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 8 October 2026 via checked.be.