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.
URBAN CONSTRUCTION
Largest movements
- Cash -€150,594
down €150,594 (-80.8%), from €186,350 to €35,756
mainly Other debts (-€57,266) and Receivables within one year (-€44,601)
- Receivables within one year +€44,601
up €44,601 (+678%), from €6,579 to €51,180
of which Trade receivables: +€43,149
- Tangible fixed assets -€4,779
down €4,779 (-26.1%), from €18,317 to €13,538
- Other debts -€57,266
down €57,266 (-99.3%), from €57,642 to €376
- Tax, wage and social debts -€42,169
no longer reported in 2025 (was €42,169)
- Profit (loss) carried forward -€5,325
down €5,325 (-69.2%), from €7,696 to €2,370
- Trade debts -€5,260
down €5,260 (-11.3%), from €46,395 to €41,134
- Gross operating margin +€9,885
up €9,885, from -€9,644 to €241
- Financial charges -€677
down €677 (-67.8%), from €999 to €322
- Depreciation -€622
down €622 (-11.5%), from €5,401 to €4,779
- Other operating charges -€595
down €595 (-56.1%), from €1,060 to €465
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 | €223,307 | €113,286 | -€110,021 | -49.3% |
| Fixed assets | 21/28 | €18,317 | €13,538 | -€4,779 | -26.1% |
| Tangible fixed assets | 22/27 | €18,317 | €13,538 | -€4,779 | -26.1% |
| Plant, machinery and equipment | 23 | €3,606 | €2,110 | -€1,496 | -41.5% |
| Furniture and vehicles | 24 | €5,008 | €3,007 | -€2,001 | -40.0% |
| Other tangible fixed assets | 26 | €9,703 | €8,421 | -€1,282 | -13.2% |
| Current assets | 29/58 | €204,990 | €99,748 | -€105,241 | -51.3% |
| Stocks and contracts in progress | 3 | €11,590 | €12,813 | +€1,222 | +10.5% |
| Stocks | 30/36 | €11,590 | €12,813 | +€1,222 | +10.5% |
| Amounts receivable within one year | 40/41 | €6,579 | €51,180 | +€44,601 | +678% |
| Trade receivables | 40 | €6,530 | €49,680 | +€43,149 | +661% |
| Other amounts receivable | 41 | €49 | €1,500 | +€1,451 | +2,961% |
| Cash at bank and in hand | 54/58 | €186,350 | €35,756 | -€150,594 | -80.8% |
| Deferred charges and accrued income | 490/1 | €470 | - | -€470 | |
| Total equity and liabilities | 10/49 | €223,307 | €113,286 | -€110,021 | -49.3% |
| Equity | 10/15 | €77,101 | €71,775 | -€5,325 | -6.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €50,855 | €50,855 | = | 0.0% |
| Distributable reserves | 133 | €50,855 | €50,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,696 | €2,370 | -€5,325 | -69.2% |
| Amounts payable | 17/49 | €146,206 | €41,511 | -€104,695 | -71.6% |
| Amounts payable within one year | 42/48 | €146,206 | €41,511 | -€104,695 | -71.6% |
| Trade debts | 44 | €46,395 | €41,134 | -€5,260 | -11.3% |
| Suppliers | 440/4 | €46,395 | €41,134 | -€5,260 | -11.3% |
| Taxes, remuneration and social security | 45 | €42,169 | - | -€42,169 | |
| Taxes | 450/3 | €42,169 | - | -€42,169 | |
| Other amounts payable | 47/48 | €57,642 | €376 | -€57,266 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,401 | €4,779 | -€622 | -11.5% |
| Other operating charges | 640/8 | €1,060 | €465 | -€595 | -56.1% |
| Gross operating margin | 9900 | -€9,644 | €241 | +€9,885 | |
| Operating profit (loss) | 9901 | -€16,106 | -€5,004 | +€11,102 | +68.9% |
| Financial income | 75/76B | €45 | €1 | -€44 | -98.7% |
| Recurring financial income | 75 | €45 | €1 | -€44 | -98.7% |
| Financial charges | 65/66B | €999 | €322 | -€677 | -67.8% |
| Recurring financial charges | 65 | €999 | €322 | -€677 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,060 | -€5,325 | +€11,735 | +68.8% |
| Income taxes | 67/77 | €13 | €0 | -€12 | -98.6% |
| Profit (loss) for the period | 9904 | -€17,072 | -€5,325 | +€11,747 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,072 | -€5,325 | +€11,747 | +68.8% |
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 16 October 2026 via checked.be.