B & Y 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.
B & Y CONSTRUCT
Largest movements
- Cash +€240,557
up €240,557 (+96.0%), from €250,577 to €491,134
mainly Current investments (+€147,589) and Net result for the year (+€94,909)
- Current investments -€147,589
down €147,589 (-32.4%), from €455,498 to €307,909
- Tangible fixed assets -€34,194
down €34,194 (-13.6%), from €250,645 to €216,452
of which Furniture and vehicles: -€25,975
- Receivables within one year -€34,129
down €34,129 (-37.3%), from €91,517 to €57,389
of which Trade receivables: -€26,613
- Reserves +€41,351
up €41,351 (+5.8%), from €712,814 to €754,165
of which Distributable reserves: +€44,205
- Current portion of long-term debt +€17,001
up €17,001 (+251%), from €6,776 to €23,777
- Tax, wage and social debts -€14,832
down €14,832 (-26.7%), from €55,448 to €40,617
of which Taxes: -€13,882
- Debts after one year -€11,260
down €11,260 (-6.2%), from €181,230 to €169,970
- Gross operating margin -€87,085
down €87,085 (-25.8%), from €337,476 to €250,391
- Taxes -€30,332
down €30,332 (-43.8%), from €69,307 to €38,975
- Write-downs -€16,448
new in 2025: -€16,448
- Depreciation +€14,619
up €14,619 (+21.3%), from €68,548 to €83,168
- Financial income -€8,950
down €8,950 (-41.3%), from €21,659 to €12,709
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 | €1,051,946 | €1,076,660 | +€24,714 | +2.3% |
| Fixed assets | 21/28 | €250,915 | €216,722 | -€34,194 | -13.6% |
| Tangible fixed assets | 22/27 | €250,645 | €216,452 | -€34,194 | -13.6% |
| Land and buildings | 22 | €74,721 | €69,782 | -€4,939 | -6.6% |
| Plant, machinery and equipment | 23 | €7,152 | €4,220 | -€2,931 | -41.0% |
| Furniture and vehicles | 24 | €166,232 | €140,256 | -€25,975 | -15.6% |
| Other tangible fixed assets | 26 | €2,541 | €2,193 | -€348 | -13.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €801,031 | €859,938 | +€58,907 | +7.4% |
| Amounts receivable within one year | 40/41 | €91,517 | €57,389 | -€34,129 | -37.3% |
| Trade receivables | 40 | €49,783 | €23,170 | -€26,613 | -53.5% |
| Other amounts receivable | 41 | €41,734 | €34,219 | -€7,516 | -18.0% |
| Current investments | 50/53 | €455,498 | €307,909 | -€147,589 | -32.4% |
| Cash at bank and in hand | 54/58 | €250,577 | €491,134 | +€240,557 | +96.0% |
| Deferred charges and accrued income | 490/1 | €3,438 | €3,506 | +€68 | +2.0% |
| Total equity and liabilities | 10/49 | €1,051,946 | €1,076,660 | +€24,714 | +2.3% |
| Equity | 10/15 | €731,414 | €772,765 | +€41,351 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €712,814 | €754,165 | +€41,351 | +5.8% |
| Tax-exempt reserves | 132 | €2,854 | €0 | -€2,854 | -100% |
| Distributable reserves | 133 | €709,960 | €754,165 | +€44,205 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €714 | €0 | -€714 | -100% |
| Deferred taxes | 168 | €714 | €0 | -€714 | -100% |
| Amounts payable | 17/49 | €319,818 | €303,895 | -€15,923 | -5.0% |
| Amounts payable after more than one year | 17 | €181,230 | €169,970 | -€11,260 | -6.2% |
| Financial debts | 170/4 | €181,230 | €169,970 | -€11,260 | -6.2% |
| Amounts payable within one year | 42/48 | €134,895 | €129,083 | -€5,812 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €6,776 | €23,777 | +€17,001 | +251% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €72,670 | €64,689 | -€7,981 | -11.0% |
| Suppliers | 440/4 | €72,670 | €64,689 | -€7,981 | -11.0% |
| Taxes, remuneration and social security | 45 | €55,448 | €40,617 | -€14,832 | -26.7% |
| Taxes | 450/3 | €50,969 | €37,087 | -€13,882 | -27.2% |
| Remuneration and social security | 454/9 | €4,479 | €3,529 | -€950 | -21.2% |
| Accrued charges and deferred income | 492/3 | €3,693 | €4,841 | +€1,148 | +31.1% |
| Remuneration, social security and pensions | 62 | €53,181 | €53,045 | -€136 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,548 | €83,168 | +€14,619 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€16,448 | -€16,448 | |
| Other operating charges | 640/8 | €2,940 | €3,081 | +€141 | +4.8% |
| Non-recurring operating charges | 66A | €2,574 | €0 | -€2,574 | -100% |
| Gross operating margin | 9900 | €337,476 | €250,391 | -€87,085 | -25.8% |
| Operating profit (loss) | 9901 | €210,232 | €127,546 | -€82,686 | -39.3% |
| Financial income | 75/76B | €21,659 | €12,709 | -€8,950 | -41.3% |
| Recurring financial income | 75 | €21,659 | €12,709 | -€8,950 | -41.3% |
| Financial charges | 65/66B | €7,347 | €7,085 | -€263 | -3.6% |
| Recurring financial charges | 65 | €7,347 | €7,085 | -€263 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €224,544 | €133,170 | -€91,373 | -40.7% |
| Transfer from deferred taxes | 780 | €762 | €714 | -€48 | -6.3% |
| Income taxes | 67/77 | €69,307 | €38,975 | -€30,332 | -43.8% |
| Profit (loss) for the period | 9904 | €155,998 | €94,909 | -€61,089 | -39.2% |
| Transfer from tax-exempt reserves | 789 | €3,046 | €2,854 | -€192 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,045 | €97,763 | -€61,281 | -38.5% |
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 28 October 2026 via checked.be.