S.A. Construction: 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.
S.A. Construction
Largest movements
- Tangible fixed assets -€2,837
down €2,837 (-52.0%), from €5,458 to €2,622
- Cash +€2,216
up €2,216 (+5521.1%), from €40 to €2,256
mainly Net result for the year (+€5,676) and Receivables within one year (+€1,979)
- Receivables within one year -€1,979
down €1,979 (-3.9%), from €50,329 to €48,349
of which Trade receivables: -€1,430
- Other debts -€10,143
down €10,143 (-42.4%), from €23,922 to €13,780
- Reserves +€5,650
up €5,650 (+303.8%), from €1,860 to €7,510
- Trade debts +€1,866
up €1,866 (+281.6%), from €663 to €2,529
- Gross operating margin +€15,537
up €15,537, from -€4,992 to €10,545
- Taxes +€2,705
new in 2025: €2,705
- Staff costs +€600
new in 2025: €600
- Other operating charges +€281
up €281 (+158.2%), from €178 to €458
- Depreciation -€203
down €203 (-18.6%), from €1,092 to €889
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 | €55,827 | €53,227 | -€2,600 | -4.7% |
| Fixed assets | 21/28 | €5,458 | €2,622 | -€2,837 | -52.0% |
| Tangible fixed assets | 22/27 | €5,458 | €2,622 | -€2,837 | -52.0% |
| Furniture and vehicles | 24 | €5,458 | €2,622 | -€2,837 | -52.0% |
| Current assets | 29/58 | €50,369 | €50,606 | +€237 | +0.5% |
| Amounts receivable within one year | 40/41 | €50,329 | €48,349 | -€1,979 | -3.9% |
| Trade receivables | 40 | €48,140 | €46,710 | -€1,430 | -3.0% |
| Other amounts receivable | 41 | €2,189 | €1,639 | -€550 | -25.1% |
| Cash at bank and in hand | 54/58 | €40 | €2,256 | +€2,216 | +5521.1% |
| Total equity and liabilities | 10/49 | €55,827 | €53,227 | -€2,600 | -4.7% |
| Equity | 10/15 | €31,242 | €36,918 | +€5,676 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,510 | +€5,650 | +303.8% |
| Distributable reserves | 133 | €1,860 | €7,510 | +€5,650 | +303.8% |
| Profit (loss) carried forward | 14 | €10,782 | €10,808 | +€26 | +0.2% |
| Amounts payable | 17/49 | €24,585 | €16,309 | -€8,276 | -33.7% |
| Amounts payable within one year | 42/48 | €24,585 | €16,309 | -€8,276 | -33.7% |
| Trade debts | 44 | €663 | €2,529 | +€1,866 | +281.6% |
| Suppliers | 440/4 | €663 | €2,529 | +€1,866 | +281.6% |
| Other amounts payable | 47/48 | €23,922 | €13,780 | -€10,143 | -42.4% |
| Remuneration, social security and pensions | 62 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,092 | €889 | -€203 | -18.6% |
| Other operating charges | 640/8 | €178 | €458 | +€281 | +158.2% |
| Gross operating margin | 9900 | -€4,992 | €10,545 | +€15,537 | |
| Operating profit (loss) | 9901 | -€6,261 | €8,598 | +€14,859 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €20 | €217 | +€197 | +985.5% |
| Recurring financial charges | 65 | €20 | €217 | +€197 | +985.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,281 | €8,381 | +€14,662 | |
| Income taxes | 67/77 | - | €2,705 | +€2,705 | |
| Profit (loss) for the period | 9904 | -€6,281 | €5,676 | +€11,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,281 | €5,676 | +€11,957 |
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.