TripleA - Construct: 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.
TripleA - Construct
Largest movements
- Stocks and contracts +€6.8m
up €6.8m (+162%), from €4.2m to €10.9m
- Receivables within one year +€931,391
up €931,391 (+276%), from €337,064 to €1.3m
of which Other amounts receivable: +€851,096
- Short-term financial debts +€2.1m
up €2.1m (+131%), from €1.6m to €3.6m
- Other debts +€1.9m
up €1.9m (+243%), from €784,663 to €2.7m
- Advances received +€1.7m
up €1.7m (+140%), from €1.2m to €2.8m
- Debts after one year +€1.2m
up €1.2m (+74.4%), from €1.6m to €2.8m
- Trade debts +€475,126
up €475,126 (+206%), from €230,098 to €705,224
- Gross operating margin +€260,410
up €260,410 (+382%), from €68,092 to €328,501
- Financial charges +€69,810
up €69,810 (+101%), from €69,175 to €138,985
- Taxes +€16,812
new in 2025: €16,812
- Financial income -€4,984
down €4,984 (-23.2%), from €21,463 to €16,479
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 | €5,290,481 | €12,863,558 | +€7.6m | +143% |
| Fixed assets | 21/28 | €1,183 | €325 | -€859 | -72.6% |
| Tangible fixed assets | 22/27 | €1,183 | €325 | -€859 | -72.6% |
| Furniture and vehicles | 24 | €1,183 | €325 | -€859 | -72.6% |
| Current assets | 29/58 | €5,289,298 | €12,863,233 | +€7.6m | +143% |
| Stocks and contracts in progress | 3 | €4,180,257 | €10,937,434 | +€6.8m | +162% |
| Contracts in progress | 37 | €4,180,257 | €10,937,434 | +€6.8m | +162% |
| Amounts receivable within one year | 40/41 | €337,064 | €1,268,455 | +€931,391 | +276% |
| Trade receivables | 40 | €38,705 | €118,999 | +€80,295 | +207% |
| Other amounts receivable | 41 | €298,360 | €1,149,456 | +€851,096 | +285% |
| Cash at bank and in hand | 54/58 | €771,976 | €657,345 | -€114,631 | -14.8% |
| Total equity and liabilities | 10/49 | €5,290,481 | €12,863,558 | +€7.6m | +143% |
| Equity | 10/15 | -€119,413 | €63,381 | +€182,795 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €44,781 | +€44,781 | |
| Distributable reserves | 133 | - | €44,781 | +€44,781 | |
| Profit (loss) carried forward | 14 | -€138,013 | €0 | +€138,013 | |
| Amounts payable | 17/49 | €5,409,894 | €12,800,177 | +€7.4m | +137% |
| Amounts payable after more than one year | 17 | €1,612,000 | €2,812,000 | +€1.2m | +74.4% |
| Financial debts | 170/4 | €1,612,000 | €2,812,000 | +€1.2m | +74.4% |
| Amounts payable within one year | 42/48 | €3,789,580 | €9,973,810 | +€6.2m | +163% |
| Financial debts | 43 | €1,571,747 | €3,632,855 | +€2.1m | +131% |
| Credit institutions | 430/8 | €1,571,747 | €3,632,855 | +€2.1m | +131% |
| Trade debts | 44 | €230,098 | €705,224 | +€475,126 | +206% |
| Suppliers | 440/4 | €230,098 | €705,224 | +€475,126 | +206% |
| Advances received on contracts in progress | 46 | €1,185,085 | €2,843,542 | +€1.7m | +140% |
| Taxes, remuneration and social security | 45 | €17,988 | €101,591 | +€83,603 | +465% |
| Taxes | 450/3 | €17,988 | €101,591 | +€83,603 | +465% |
| Other amounts payable | 47/48 | €784,663 | €2,690,598 | +€1.9m | +243% |
| Accrued charges and deferred income | 492/3 | €8,315 | €14,367 | +€6,052 | +72.8% |
| Non-recurring operating income | 76A | - | €581 | +€581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859 | €859 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,868 | €5,530 | +€1,662 | +43.0% |
| Gross operating margin | 9900 | €68,092 | €328,501 | +€260,410 | +382% |
| Operating profit (loss) | 9901 | €63,365 | €322,112 | +€258,747 | +408% |
| Financial income | 75/76B | €21,463 | €16,479 | -€4,984 | -23.2% |
| Recurring financial income | 75 | €21,463 | €16,479 | -€4,984 | -23.2% |
| Financial charges | 65/66B | €69,175 | €138,985 | +€69,810 | +101% |
| Recurring financial charges | 65 | €69,175 | €138,985 | +€69,810 | +101% |
| Profit (loss) for the period before taxes | 9903 | €15,654 | €199,607 | +€183,953 | +1,175% |
| Income taxes | 67/77 | - | €16,812 | +€16,812 | |
| Profit (loss) for the period | 9904 | €15,654 | €182,795 | +€167,141 | +1,068% |
| Profit (loss) for the period to be appropriated | 9905 | €15,654 | €182,795 | +€167,141 | +1,068% |
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 14 October 2026 via checked.be.