SELECT CONSTRUCT: what changed
SELECT CONSTRUCT
Largest movements
- Receivables within one year +€206,286
up €206,286 (+310%), from €66,551 to €272,837
of which Other amounts receivable: +€204,066
- Stocks and contracts +€44,277
up €44,277 (+15.7%), from €281,409 to €325,686
of which Stocks: +€44,277
- Cash +€16,763
up €16,763 (+243%), from €6,886 to €23,649
mainly Debts after one year (+€402,322) and Net result for the year (+€2,725)
- Debts after one year +€402,322
new in 2025: €402,322
- Other debts -€100,302
down €100,302 (-70.3%), from €142,777 to €42,476
- Trade debts -€36,486
down €36,486 (-55.2%), from €66,041 to €29,556
- Gross operating margin -€303
down €303 (-6.6%), from €4,612 to €4,309
- Taxes -€171
down €171 (-14.9%), from €1,147 to €976
- Financial charges +€146
up €146 (+31.4%), from €463 to €609
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,056 | €829,184 | +€268,128 | +47.8% |
| Fixed assets | 21/28 | €206,000 | €206,450 | +€450 | +0.2% |
| Tangible fixed assets | 22/27 | €206,000 | €206,000 | = | 0.0% |
| Land and buildings | 22 | €206,000 | €206,000 | = | 0.0% |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €355,056 | €622,734 | +€267,678 | +75.4% |
| Stocks and contracts in progress | 3 | €281,409 | €325,686 | +€44,277 | +15.7% |
| Stocks | 30/36 | €196,409 | €240,686 | +€44,277 | +22.5% |
| Contracts in progress | 37 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,551 | €272,837 | +€206,286 | +310% |
| Trade receivables | 40 | - | €2,220 | +€2,220 | |
| Other amounts receivable | 41 | €66,551 | €270,617 | +€204,066 | +307% |
| Cash at bank and in hand | 54/58 | €6,886 | €23,649 | +€16,763 | +243% |
| Deferred charges and accrued income | 490/1 | €210 | €562 | +€352 | +168% |
| Total equity and liabilities | 10/49 | €561,056 | €829,184 | +€268,128 | +47.8% |
| Equity | 10/15 | €351,098 | €353,822 | +€2,725 | +0.8% |
| Contributions | 10/11 | €268,000 | €268,000 | = | 0.0% |
| Capital | 10 | - | €268,000 | +€268,000 | |
| Issued capital | 100 | - | €268,000 | +€268,000 | |
| Reserves | 13 | €17,900 | €17,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,900 | €17,900 | = | 0.0% |
| Legal reserve | 130 | - | €17,900 | +€17,900 | |
| Reserves not available under the articles | 1311 | €17,900 | - | -€17,900 | |
| Profit (loss) carried forward | 14 | €65,198 | €67,922 | +€2,725 | +4.2% |
| Amounts payable | 17/49 | €209,958 | €475,361 | +€265,403 | +126% |
| Amounts payable after more than one year | 17 | - | €402,322 | +€402,322 | |
| Other amounts payable | 178/9 | - | €402,322 | +€402,322 | |
| Amounts payable within one year | 42/48 | €209,958 | €73,039 | -€136,919 | -65.2% |
| Trade debts | 44 | €66,041 | €29,556 | -€36,486 | -55.2% |
| Suppliers | 440/4 | €66,041 | €29,556 | -€36,486 | -55.2% |
| Taxes, remuneration and social security | 45 | €1,140 | €1,008 | -€132 | -11.6% |
| Taxes | 450/3 | €1,140 | €1,008 | -€132 | -11.6% |
| Other amounts payable | 47/48 | €142,777 | €42,476 | -€100,302 | -70.3% |
| Gross operating margin | 9900 | €4,612 | €4,309 | -€303 | -6.6% |
| Operating profit (loss) | 9901 | €4,612 | €4,309 | -€303 | -6.6% |
| Financial charges | 65/66B | €463 | €609 | +€146 | +31.4% |
| Recurring financial charges | 65 | €463 | €609 | +€146 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €4,149 | €3,700 | -€449 | -10.8% |
| Income taxes | 67/77 | €1,147 | €976 | -€171 | -14.9% |
| Profit (loss) for the period | 9904 | €3,002 | €2,725 | -€277 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,002 | €2,725 | -€277 | -9.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.