Property Construction Services: 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.
Property Construction Services
Largest movements
- Receivables within one year +€42,542
up €42,542 (+16.3%), from €260,394 to €302,936
of which Other amounts receivable: +€28,345
- Cash -€30,687
no longer reported in 2025 (was €30,687)
mainly Receivables within one year (-€42,542) and Tax, wage and social debts (-€20,291)
- Tangible fixed assets -€12,555
down €12,555 (-70.1%), from €17,912 to €5,357
of which Furniture and vehicles: -€9,712
- Other debts +€33,981
up €33,981 (+123.6%), from €27,500 to €61,481
- Tax, wage and social debts -€20,291
no longer reported in 2025 (was €20,291)
- Short-term financial debts +€9,958
new in 2025: €9,958
- Profit (loss) carried forward -€7,867
down €7,867 (-20.5%), from €38,378 to €30,511
- Current portion of long-term debt -€6,266
down €6,266 (-43.6%), from €14,384 to €8,118
- Gross operating margin -€33,518
down €33,518 (-57.7%), from €58,050 to €24,532
- Staff costs -€23,446
down €23,446 (-81.1%), from €28,894 to €5,449
- Financial charges -€4,043
down €4,043 (-23.2%), from €17,455 to €13,411
of which Financial charges: -€9,554
- Depreciation -€658
down €658 (-5.0%), from €13,213 to €12,555
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 | €315,142 | €315,362 | +€220 | +0.1% |
| Fixed assets | 21/28 | €19,412 | €6,857 | -€12,555 | -64.7% |
| Tangible fixed assets | 22/27 | €17,912 | €5,357 | -€12,555 | -70.1% |
| Plant, machinery and equipment | 23 | €5,354 | €2,511 | -€2,843 | -53.1% |
| Furniture and vehicles | 24 | €12,559 | €2,846 | -€9,712 | -77.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €295,730 | €308,505 | +€12,775 | +4.3% |
| Stocks and contracts in progress | 3 | €3,850 | €3,850 | = | 0.0% |
| Stocks | 30/36 | €3,850 | €3,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €260,394 | €302,936 | +€42,542 | +16.3% |
| Trade receivables | 40 | €94,224 | €108,421 | +€14,198 | +15.1% |
| Other amounts receivable | 41 | €166,170 | €194,515 | +€28,345 | +17.1% |
| Cash at bank and in hand | 54/58 | €30,687 | - | -€30,687 | |
| Deferred charges and accrued income | 490/1 | €799 | €1,719 | +€920 | +115.2% |
| Total equity and liabilities | 10/49 | €315,142 | €315,362 | +€220 | +0.1% |
| Equity | 10/15 | €39,378 | €31,511 | -€7,867 | -20.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,378 | €30,511 | -€7,867 | -20.5% |
| Amounts payable | 17/49 | €275,764 | €283,851 | +€8,088 | +2.9% |
| Amounts payable after more than one year | 17 | €184,751 | €180,233 | -€4,518 | -2.4% |
| Financial debts | 170/4 | €184,751 | €180,233 | -€4,518 | -2.4% |
| Amounts payable within one year | 42/48 | €91,013 | €103,619 | +€12,606 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €14,384 | €8,118 | -€6,266 | -43.6% |
| Financial debts | 43 | - | €9,958 | +€9,958 | |
| Credit institutions | 430/8 | - | €9,958 | +€9,958 | |
| Trade debts | 44 | €28,838 | €24,062 | -€4,776 | -16.6% |
| Suppliers | 440/4 | €28,838 | €24,062 | -€4,776 | -16.6% |
| Taxes, remuneration and social security | 45 | €20,291 | - | -€20,291 | |
| Taxes | 450/3 | €20,291 | - | -€20,291 | |
| Other amounts payable | 47/48 | €27,500 | €61,481 | +€33,981 | +123.6% |
| Remuneration, social security and pensions | 62 | €28,894 | €5,449 | -€23,446 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,213 | €12,555 | -€658 | -5.0% |
| Other operating charges | 640/8 | €1,088 | €985 | -€102 | -9.4% |
| Gross operating margin | 9900 | €58,050 | €24,532 | -€33,518 | -57.7% |
| Operating profit (loss) | 9901 | €14,855 | €5,543 | -€9,312 | -62.7% |
| Financial income | 75/76B | €2 | €1 | -€1 | -52.9% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -52.9% |
| Financial charges | 65/66B | €17,455 | €13,411 | -€4,043 | -23.2% |
| Recurring financial charges | 65 | €17,455 | €7,901 | -€9,554 | -54.7% |
| Non-recurring financial charges | 66B | - | €5,511 | +€5,511 | |
| Profit (loss) for the period before taxes | 9903 | -€2,597 | -€7,867 | -€5,270 | -202.9% |
| Profit (loss) for the period | 9904 | -€2,597 | -€7,867 | -€5,270 | -202.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,597 | -€7,867 | -€5,270 | -202.9% |
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 5 October 2026 via checked.be.