Trade & 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.
Trade & Construct
Largest movements
- Receivables within one year +€27,537
up €27,537 (+116.0%), from €23,739 to €51,276
of which Other amounts receivable: +€27,725
- Other debts +€29,827
up €29,827 (+4.1%), from €727,955 to €757,782
- Profit (loss) carried forward -€2,120
down €2,120 (-0.3%), from -€781,734 to -€783,854
- Gross operating margin -€25,907
down €25,907, from €24,310 to -€1,597
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 | €23,949 | €51,428 | +€27,479 | +114.7% |
| Current assets | 29/58 | €23,949 | €51,428 | +€27,479 | +114.7% |
| Amounts receivable within one year | 40/41 | €23,739 | €51,276 | +€27,537 | +116.0% |
| Trade receivables | 40 | €189 | €0 | -€189 | -100.0% |
| Other amounts receivable | 41 | €23,551 | €51,276 | +€27,725 | +117.7% |
| Cash at bank and in hand | 54/58 | €210 | €152 | -€58 | -27.6% |
| Total equity and liabilities | 10/49 | €23,949 | €51,428 | +€27,479 | +114.7% |
| Equity | 10/15 | -€704,234 | -€706,354 | -€2,120 | -0.3% |
| Contributions | 10/11 | €77,500 | €77,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€781,734 | -€783,854 | -€2,120 | -0.3% |
| Amounts payable | 17/49 | €728,183 | €757,782 | +€29,599 | +4.1% |
| Amounts payable within one year | 42/48 | €728,183 | €757,782 | +€29,599 | +4.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €228 | €0 | -€228 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €727,955 | €757,782 | +€29,827 | +4.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €3,480 | €0 | -€3,480 | -100.0% |
| Gross operating margin | 9900 | €24,310 | -€1,597 | -€25,907 | |
| Operating profit (loss) | 9901 | €20,443 | -€1,997 | -€22,439 | |
| Financial charges | 65/66B | €320 | €124 | -€197 | -61.4% |
| Recurring financial charges | 65 | €320 | €124 | -€197 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €20,123 | -€2,120 | -€22,243 | |
| Profit (loss) for the period | 9904 | €20,123 | -€2,120 | -€22,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,123 | -€2,120 | -€22,243 |
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 2 October 2026 via checked.be.