WORK 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.
WORK CONSTRUCTION
Largest movements
- Receivables within one year +€25,949
up €25,949 (+171.4%), from €15,141 to €41,089
of which Trade receivables: +€21,550
- Tangible fixed assets +€989
new in 2025: €989
- Profit (loss) carried forward +€14,149
up €14,149 (+71.5%), from -€19,795 to -€5,647
- Short-term financial debts +€4,998
new in 2025: €4,998
- Trade debts +€3,857
up €3,857 (+96.0%), from €4,019 to €7,875
- Other debts +€3,744
up €3,744 (+30.4%), from €12,304 to €16,048
- Gross operating margin +€8,306
up €8,306 (+124.5%), from €6,672 to €14,978
- Other operating charges -€954
no longer reported in 2025 (was €954)
- Depreciation -€290
down €290 (-83.5%), from €348 to €57
- Financial charges -€244
down €244 (-24.0%), from €1,017 to €772
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 | €15,194 | €42,078 | +€26,884 | +176.9% |
| Fixed assets | 21/28 | - | €989 | +€989 | |
| Tangible fixed assets | 22/27 | - | €989 | +€989 | |
| Plant, machinery and equipment | 23 | - | €989 | +€989 | |
| Current assets | 29/58 | €15,194 | €41,089 | +€25,895 | +170.4% |
| Amounts receivable within one year | 40/41 | €15,141 | €41,089 | +€25,949 | +171.4% |
| Trade receivables | 40 | €14,284 | €35,833 | +€21,550 | +150.9% |
| Other amounts receivable | 41 | €857 | €5,256 | +€4,399 | +513.2% |
| Cash at bank and in hand | 54/58 | €54 | - | -€54 | |
| Total equity and liabilities | 10/49 | €15,194 | €42,078 | +€26,884 | +176.9% |
| Equity | 10/15 | -€1,129 | €13,020 | +€14,149 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67 | €67 | = | 0.0% |
| Non-distributable reserves | 130/1 | €67 | €67 | = | 0.0% |
| Reserves not available under the articles | 1311 | €67 | €67 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,795 | -€5,647 | +€14,149 | +71.5% |
| Amounts payable | 17/49 | €16,323 | €29,058 | +€12,735 | +78.0% |
| Amounts payable within one year | 42/48 | €16,323 | €29,058 | +€12,735 | +78.0% |
| Financial debts | 43 | - | €4,998 | +€4,998 | |
| Credit institutions | 430/8 | - | €4,998 | +€4,998 | |
| Trade debts | 44 | €4,019 | €7,875 | +€3,857 | +96.0% |
| Suppliers | 440/4 | €4,019 | €7,875 | +€3,857 | +96.0% |
| Taxes, remuneration and social security | 45 | - | €136 | +€136 | |
| Taxes | 450/3 | - | €136 | +€136 | |
| Other amounts payable | 47/48 | €12,304 | €16,048 | +€3,744 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €57 | -€290 | -83.5% |
| Other operating charges | 640/8 | €954 | - | -€954 | |
| Gross operating margin | 9900 | €6,672 | €14,978 | +€8,306 | +124.5% |
| Operating profit (loss) | 9901 | €5,370 | €14,921 | +€9,551 | +177.8% |
| Financial charges | 65/66B | €1,017 | €772 | -€244 | -24.0% |
| Recurring financial charges | 65 | €1,017 | €772 | -€244 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €4,354 | €14,149 | +€9,795 | +225.0% |
| Profit (loss) for the period | 9904 | €4,354 | €14,149 | +€9,795 | +225.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,354 | €14,149 | +€9,795 | +225.0% |
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 12 October 2026 via checked.be.