TOTAL CONSTRUCT: 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.
TOTAL CONSTRUCT
Largest movements
- Cash -€297,215
down €297,215 (-81.6%), from €364,135 to €66,920
mainly Investment in fixed assets (net) (-€303,388) and Receivables after one year (-€147,083)
- Tangible fixed assets +€265,911
up €265,911 (+1382.2%), from €19,239 to €285,150
of which Land and buildings: +€269,028
- Receivables after one year +€147,083
up €147,083 (+144.6%), from €101,713 to €248,796
- Receivables within one year -€9,532
down €9,532 (-3.7%), from €258,044 to €248,512
of which Trade receivables: -€17,088
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€85,160
down €85,160 (-21.3%), from €399,141 to €313,981
- Debts after one year +€76,769
new in 2025: €76,769
- Current portion of long-term debt +€18,270
up €18,270 (+4514.8%), from €405 to €18,675
- Trade debts +€9,530
up €9,530 (+6.3%), from €151,460 to €160,990
- Purchases and services -€349,668
down €349,668 (-27.3%), from €1.3m to €930,500
- Turnover -€233,378
down €233,378 (-19.2%), from €1.2m to €981,961
- Gross operating margin +€94,238
up €94,238, from -€42,777 to €51,461
- Financial income -€89,130
down €89,130 (-93.6%), from €95,233 to €6,103
of which Non-recurring financial income: -€88,051
- Depreciation +€29,431
up €29,431 (+365.8%), from €8,046 to €37,477
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 | €763,952 | €870,784 | +€106,832 | +14.0% |
| Fixed assets | 21/28 | €39,239 | €305,150 | +€265,911 | +677.7% |
| Tangible fixed assets | 22/27 | €19,239 | €285,150 | +€265,911 | +1382.2% |
| Land and buildings | 22 | - | €269,028 | +€269,028 | |
| Plant, machinery and equipment | 23 | €2,179 | €1,413 | -€766 | -35.2% |
| Furniture and vehicles | 24 | €17,059 | €14,709 | -€2,350 | -13.8% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €724,714 | €565,634 | -€159,080 | -22.0% |
| Amounts receivable after more than one year | 29 | €101,713 | €248,796 | +€147,083 | +144.6% |
| Other amounts receivable | 291 | €101,713 | €248,796 | +€147,083 | +144.6% |
| Amounts receivable within one year | 40/41 | €258,044 | €248,512 | -€9,532 | -3.7% |
| Trade receivables | 40 | €246,080 | €228,992 | -€17,088 | -6.9% |
| Other amounts receivable | 41 | €11,964 | €19,520 | +€7,556 | +63.2% |
| Cash at bank and in hand | 54/58 | €364,135 | €66,920 | -€297,215 | -81.6% |
| Deferred charges and accrued income | 490/1 | €821 | €1,406 | +€585 | +71.2% |
| Total equity and liabilities | 10/49 | €763,952 | €870,784 | +€106,832 | +14.0% |
| Equity | 10/15 | €552,502 | €463,001 | -€89,501 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,761 | €130,420 | -€4,341 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €132,901 | €128,560 | -€4,341 | -3.3% |
| Profit (loss) carried forward | 14 | €399,141 | €313,981 | -€85,160 | -21.3% |
| Provisions and deferred taxes | 16 | €44,300 | €42,853 | -€1,447 | -3.3% |
| Deferred taxes | 168 | €44,300 | €42,853 | -€1,447 | -3.3% |
| Amounts payable | 17/49 | €167,150 | €364,930 | +€197,780 | +118.3% |
| Amounts payable after more than one year | 17 | - | €76,769 | +€76,769 | |
| Financial debts | 170/4 | - | €76,769 | +€76,769 | |
| Amounts payable within one year | 42/48 | €166,182 | €288,161 | +€121,979 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €405 | €18,675 | +€18,270 | +4514.8% |
| Trade debts | 44 | €151,460 | €160,990 | +€9,530 | +6.3% |
| Suppliers | 440/4 | €151,460 | €160,990 | +€9,530 | +6.3% |
| Taxes, remuneration and social security | 45 | €14,317 | €8,496 | -€5,821 | -40.7% |
| Taxes | 450/3 | €14,317 | €8,496 | -€5,821 | -40.7% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €968 | - | -€968 | |
| Turnover | 70 | €1,215,339 | €981,961 | -€233,378 | -19.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,280,168 | €930,500 | -€349,668 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,046 | €37,477 | +€29,431 | +365.8% |
| Other operating charges | 640/8 | €7,073 | €4,183 | -€2,890 | -40.9% |
| Gross operating margin | 9900 | -€42,777 | €51,461 | +€94,238 | |
| Operating profit (loss) | 9901 | -€57,896 | €9,801 | +€67,697 | |
| Financial income | 75/76B | €95,233 | €6,103 | -€89,130 | -93.6% |
| Recurring financial income | 75 | €7,182 | €6,103 | -€1,079 | -15.0% |
| Non-recurring financial income | 76B | €88,051 | - | -€88,051 | |
| Financial charges | 65/66B | €1,552 | €4,143 | +€2,591 | +166.9% |
| Recurring financial charges | 65 | €1,552 | €4,143 | +€2,591 | +166.9% |
| Profit (loss) for the period before taxes | 9903 | €35,785 | €11,761 | -€24,024 | -67.1% |
| Transfer from deferred taxes | 780 | €2,508 | €1,447 | -€1,061 | -42.3% |
| Income taxes | 67/77 | €14,327 | €2,709 | -€11,618 | -81.1% |
| Profit (loss) for the period | 9904 | €23,965 | €10,499 | -€13,466 | -56.2% |
| Transfer from tax-exempt reserves | 789 | €7,523 | €4,341 | -€3,182 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,488 | €14,840 | -€16,648 | -52.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.