R.10 CONSTRUCTION: what changed
What changed
R.10 CONSTRUCTION
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€136,327
2024 · €32,259+€104,068
Equity
€267,703
2024 · €131,376+€136,327
Cash
€0
2024 · €0
Balance sheet total
€406,717
2024 · €165,910+€240,807
Largest movements
Assets
- Receivables within one year +€246,458
up €246,458 (+1,673%), from €14,728 to €261,186
of which Trade receivables: +€247,898
- Tangible fixed assets -€4,451
down €4,451 (-3.0%), from €148,575 to €144,124
of which Land and buildings: -€4,226
Equity and liabilities
- Profit (loss) carried forward +€136,327
up €136,327 (+441%), from €30,916 to €167,243
- Tax, wage and social debts +€59,808
up €59,808 (+437%), from €13,681 to €73,489
of which Taxes: +€36,848
- Trade debts +€29,562
up €29,562 (+362%), from €8,167 to €37,729
- Other debts +€11,849
up €11,849 (+124%), from €9,554 to €21,403
Income statement
- Purchases and services -€161,457
down €161,457 (-90.0%), from €179,372 to €17,914
- Gross operating margin +€132,188
up €132,188 (+94.7%), from €139,543 to €271,731
- Write-downs +€28,647
up €28,647 (+52.7%), from -€54,318 to -€25,671
- Taxes +€25,259
up €25,259 (+235%), from €10,729 to €35,989
- Staff costs +€9,228
up €9,228 (+11.3%), from €81,803 to €91,031
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,259
Gross operating margin
+€132,188
Staff costs
-€9,228
Depreciation
-€126
Write-downs
-€28,647
Other operating charges
+€7,092
Other operating items
+€27,772
Financial income
-€7
Financial charges
+€282
Taxes
-€25,259
Result 2025
€136,327
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3,261
Investment
€0
Financing
+€3,261
Cash 2024
€0
From operations (derived)
-€3,261
Net result for the year
+€136,327
Depreciation
+€4,651
Stocks and contracts
+€1,000
Receivables within one year
-€246,458
Trade debts
+€29,562
Tax, wage and social debts
+€59,808
Other debts
+€11,849
Financing
+€3,261
Short-term financial debts
+€3,261
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,910 | €406,717 | +€240,807 | +145% |
| Formation expenses | 20 | €800 | €600 | -€200 | -25.0% |
| Fixed assets | 21/28 | €149,382 | €144,931 | -€4,451 | -3.0% |
| Tangible fixed assets | 22/27 | €148,575 | €144,124 | -€4,451 | -3.0% |
| Land and buildings | 22 | €148,350 | €144,124 | -€4,226 | -2.8% |
| Plant, machinery and equipment | 23 | €225 | €0 | -€225 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €807 | €807 | = | 0.0% |
| Current assets | 29/58 | €15,728 | €261,186 | +€245,458 | +1,561% |
| Stocks and contracts in progress | 3 | €1,000 | €0 | -€1,000 | -100% |
| Stocks | 30/36 | €1,000 | €0 | -€1,000 | -100% |
| Amounts receivable within one year | 40/41 | €14,728 | €261,186 | +€246,458 | +1,673% |
| Trade receivables | 40 | €12,721 | €260,619 | +€247,898 | +1,949% |
| Other amounts receivable | 41 | €2,007 | €567 | -€1,441 | -71.8% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €165,910 | €406,717 | +€240,807 | +145% |
| Equity | 10/15 | €131,376 | €267,703 | +€136,327 | +104% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,860 | €81,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,916 | €167,243 | +€136,327 | +441% |
| Amounts payable | 17/49 | €34,534 | €139,014 | +€104,480 | +303% |
| Amounts payable within one year | 42/48 | €34,534 | €139,014 | +€104,480 | +303% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,132 | €6,393 | +€3,261 | +104% |
| Credit institutions | 430/8 | €3,132 | €6,393 | +€3,261 | +104% |
| Trade debts | 44 | €8,167 | €37,729 | +€29,562 | +362% |
| Suppliers | 440/4 | €8,167 | €37,729 | +€29,562 | +362% |
| Taxes, remuneration and social security | 45 | €13,681 | €73,489 | +€59,808 | +437% |
| Taxes | 450/3 | €13,481 | €50,330 | +€36,848 | +273% |
| Remuneration and social security | 454/9 | €200 | €23,159 | +€22,959 | +11,480% |
| Other amounts payable | 47/48 | €9,554 | €21,403 | +€11,849 | +124% |
| Turnover | 70 | €284,206 | €289,000 | +€4,794 | +1.7% |
| Non-recurring operating income | 76A | - | €646 | +€646 | |
| Goods, raw materials, services and sundry goods | 60/61 | €179,372 | €17,914 | -€161,457 | -90.0% |
| Remuneration, social security and pensions | 62 | €81,803 | €91,031 | +€9,228 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,525 | €4,651 | +€126 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€54,318 | -€25,671 | +€28,647 | +52.7% |
| Other operating charges | 640/8 | €8,872 | €1,779 | -€7,092 | -79.9% |
| Non-recurring operating charges | 66A | €54,318 | €26,545 | -€27,772 | -51.1% |
| Gross operating margin | 9900 | €139,543 | €271,731 | +€132,188 | +94.7% |
| Operating profit (loss) | 9901 | €44,343 | €173,396 | +€129,052 | +291% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,362 | €1,080 | -€282 | -20.7% |
| Recurring financial charges | 65 | €1,362 | €1,080 | -€282 | -20.7% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €42,988 | €172,315 | +€129,327 | +301% |
| Income taxes | 67/77 | €10,729 | €35,989 | +€25,259 | +235% |
| Profit (loss) for the period | 9904 | €32,259 | €136,327 | +€104,068 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €32,259 | €136,327 | +€104,068 | +323% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.