team concrete: what changed
Two financial 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.
team concrete
Largest movements
- Receivables after one year +€70,000
up €70,000 (+18.2%), from €385,000 to €455,000
- Receivables within one year -€65,691
down €65,691 (-43.6%), from €150,612 to €84,921
of which Trade receivables: -€75,354
- Advances received -€95,600
down €95,600 (-53.1%), from €180,000 to €84,400
- Reserves +€70,000
up €70,000 (+113%), from €61,860 to €131,860
of which Distributable reserves: +€70,000
- Trade debts +€18,445
up €18,445 (+25.1%), from €73,505 to €91,950
- Other debts +€8,700
up €8,700 (+27.2%), from €32,000 to €40,700
- Gross operating margin +€95,504
up €95,504 (+65.6%), from €145,539 to €241,042
- Staff costs +€71,053
up €71,053 (+208%), from €34,209 to €105,263
- Other operating charges +€8,611
up €8,611 (+224%), from €3,837 to €12,448
- Depreciation +€3,133
up €3,133 (+96.2%), from €3,256 to €6,389
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.
Derived cash bridge
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 | €553,120 | €556,088 | +€2,969 | +0.5% |
| Fixed assets | 21/28 | €13,177 | €15,770 | +€2,593 | +19.7% |
| Tangible fixed assets | 22/27 | €12,982 | €15,575 | +€2,593 | +20.0% |
| Furniture and vehicles | 24 | €12,982 | €15,575 | +€2,593 | +20.0% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €539,943 | €540,318 | +€376 | +0.1% |
| Amounts receivable after more than one year | 29 | €385,000 | €455,000 | +€70,000 | +18.2% |
| Other amounts receivable | 291 | €385,000 | €455,000 | +€70,000 | +18.2% |
| Amounts receivable within one year | 40/41 | €150,612 | €84,921 | -€65,691 | -43.6% |
| Trade receivables | 40 | €123,777 | €48,422 | -€75,354 | -60.9% |
| Other amounts receivable | 41 | €26,836 | €36,499 | +€9,663 | +36.0% |
| Cash at bank and in hand | 54/58 | €3,902 | €173 | -€3,729 | -95.6% |
| Deferred charges and accrued income | 490/1 | €428 | €224 | -€204 | -47.7% |
| Total equity and liabilities | 10/49 | €553,120 | €556,088 | +€2,969 | +0.5% |
| Equity | 10/15 | €212,290 | €282,531 | +€70,241 | +33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €131,860 | +€70,000 | +113% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €130,000 | +€70,000 | +117% |
| Profit (loss) carried forward | 14 | €144,230 | €144,471 | +€241 | +0.2% |
| Amounts payable | 17/49 | €340,830 | €273,557 | -€67,273 | -19.7% |
| Amounts payable within one year | 42/48 | €340,830 | €273,557 | -€67,273 | -19.7% |
| Trade debts | 44 | €73,505 | €91,950 | +€18,445 | +25.1% |
| Suppliers | 440/4 | €73,505 | €91,950 | +€18,445 | +25.1% |
| Advances received on contracts in progress | 46 | €180,000 | €84,400 | -€95,600 | -53.1% |
| Taxes, remuneration and social security | 45 | €55,325 | €56,507 | +€1,182 | +2.1% |
| Taxes | 450/3 | €47,890 | €49,943 | +€2,052 | +4.3% |
| Remuneration and social security | 454/9 | €7,435 | €6,564 | -€870 | -11.7% |
| Other amounts payable | 47/48 | €32,000 | €40,700 | +€8,700 | +27.2% |
| Remuneration, social security and pensions | 62 | €34,209 | €105,263 | +€71,053 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,256 | €6,389 | +€3,133 | +96.2% |
| Other operating charges | 640/8 | €3,837 | €12,448 | +€8,611 | +224% |
| Gross operating margin | 9900 | €145,539 | €241,042 | +€95,504 | +65.6% |
| Operating profit (loss) | 9901 | €104,236 | €116,943 | +€12,707 | +12.2% |
| Financial income | 75/76B | €4,392 | €3,026 | -€1,366 | -31.1% |
| Recurring financial income | 75 | €4,392 | €3,026 | -€1,366 | -31.1% |
| Financial charges | 65/66B | €277 | €1,674 | +€1,398 | +505% |
| Recurring financial charges | 65 | €277 | €1,674 | +€1,398 | +505% |
| Profit (loss) for the period before taxes | 9903 | €108,352 | €118,295 | +€9,943 | +9.2% |
| Income taxes | 67/77 | €25,996 | €28,354 | +€2,358 | +9.1% |
| Profit (loss) for the period | 9904 | €82,356 | €89,941 | +€7,585 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,356 | €89,941 | +€7,585 | +9.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.