THINK URBAN CONSTRUCTION: 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.
THINK URBAN CONSTRUCTION
Largest movements
- Stocks and contracts -€3.2m
down €3.2m (-86.3%), from €3.7m to €500,048
- Cash -€720,027
down €720,027 (-96.2%), from €748,505 to €28,478
mainly Advances received (-€3.1m) and Other debts (-€1.5m)
- Receivables within one year +€255,969
up €255,969 (+146%), from €175,655 to €431,624
of which Other amounts receivable: +€253,406
- Deferred charges and accrued income -€246,546
down €246,546 (-99.5%), from €247,759 to €1,213
- Advances received -€3.1m
down €3.1m (-100%), from €3.1m to €0
- Other debts -€1.5m
down €1.5m (-95.2%), from €1.6m to €74,753
- Debts after one year +€1.1m
up €1.1m, from €0 to €1.1m
- Profit (loss) carried forward -€379,402
down €379,402 (-203%), from -€187,358 to -€566,760
- Gross operating margin -€114,465
down €114,465 (-61.1%), from -€187,244 to -€301,709
- Other operating charges +€30,039
up €30,039 (+2,771%), from €1,084 to €31,124
- Financial charges +€18,389
up €18,389 (+55.0%), from €33,454 to €51,844
- Financial income -€8,047
down €8,047 (-52.2%), from €15,402 to €7,355
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 | €4,832,073 | €962,163 | -€3.9m | -80.1% |
| Fixed assets | 21/28 | €1,080 | €800 | -€280 | -25.9% |
| Tangible fixed assets | 22/27 | €1,080 | €800 | -€280 | -25.9% |
| Furniture and vehicles | 24 | €1,080 | €800 | -€280 | -25.9% |
| Current assets | 29/58 | €4,830,992 | €961,363 | -€3.9m | -80.1% |
| Stocks and contracts in progress | 3 | €3,659,074 | €500,048 | -€3.2m | -86.3% |
| Stocks | 30/36 | €3,659,074 | €500,048 | -€3.2m | -86.3% |
| Amounts receivable within one year | 40/41 | €175,655 | €431,624 | +€255,969 | +146% |
| Trade receivables | 40 | €145,119 | €147,682 | +€2,563 | +1.8% |
| Other amounts receivable | 41 | €30,536 | €283,941 | +€253,406 | +830% |
| Cash at bank and in hand | 54/58 | €748,505 | €28,478 | -€720,027 | -96.2% |
| Deferred charges and accrued income | 490/1 | €247,759 | €1,213 | -€246,546 | -99.5% |
| Total equity and liabilities | 10/49 | €4,832,073 | €962,163 | -€3.9m | -80.1% |
| Equity | 10/15 | -€181,158 | -€560,560 | -€379,402 | -209% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€187,358 | -€566,760 | -€379,402 | -203% |
| Amounts payable | 17/49 | €5,013,231 | €1,522,723 | -€3.5m | -69.6% |
| Amounts payable after more than one year | 17 | €0 | €1,100,000 | +€1.1m | |
| Other amounts payable | 178/9 | €0 | €1,100,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €5,001,181 | €417,876 | -€4.6m | -91.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €311,301 | €289,406 | -€21,895 | -7.0% |
| Suppliers | 440/4 | €311,301 | €289,406 | -€21,895 | -7.0% |
| Advances received on contracts in progress | 46 | €3,059,015 | €0 | -€3.1m | -100% |
| Taxes, remuneration and social security | 45 | €64,195 | €53,716 | -€10,479 | -16.3% |
| Taxes | 450/3 | €64,195 | €51,716 | -€12,479 | -19.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,566,669 | €74,753 | -€1.5m | -95.2% |
| Accrued charges and deferred income | 492/3 | €12,050 | €4,847 | -€7,203 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €280 | = | 0.0% |
| Other operating charges | 640/8 | €1,084 | €31,124 | +€30,039 | +2,771% |
| Non-recurring operating charges | 66A | €67 | €1,800 | +€1,733 | +2,581% |
| Gross operating margin | 9900 | -€187,244 | -€301,709 | -€114,465 | -61.1% |
| Operating profit (loss) | 9901 | -€188,675 | -€334,913 | -€146,237 | -77.5% |
| Financial income | 75/76B | €15,402 | €7,355 | -€8,047 | -52.2% |
| Recurring financial income | 75 | €15,402 | €7,355 | -€8,047 | -52.2% |
| Financial charges | 65/66B | €33,454 | €51,844 | +€18,389 | +55.0% |
| Recurring financial charges | 65 | €33,454 | €51,844 | +€18,389 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | -€206,728 | -€379,402 | -€172,674 | -83.5% |
| Profit (loss) for the period | 9904 | -€206,728 | -€379,402 | -€172,674 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€206,728 | -€379,402 | -€172,674 | -83.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.