BELGIUM CONSTRUCT & SERVICES: 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.
BELGIUM CONSTRUCT & SERVICES
Largest movements
- Cash +€14,843
up €14,843 (+2,532%), from €586 to €15,430
mainly Accrued charges and deferred income (+€20,000) and Trade debts (+€6,516)
- Receivables within one year +€8,112
up €8,112 (+21.2%), from €38,324 to €46,436
of which Other amounts receivable: +€16,479
- Tangible fixed assets -€2,297
down €2,297 (-44.0%), from €5,219 to €2,922
of which Furniture and vehicles: -€1,776
- Deferred charges and accrued income +€1,353
up €1,353 (+64.2%), from €2,108 to €3,461
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€6,820
down €6,820 (-45.3%), from €15,067 to €8,247
- Trade debts +€6,516
up €6,516 (+39.8%), from €16,373 to €22,889
- Reserves +€3,310
up €3,310 (+5.0%), from €66,507 to €69,817
- Gross operating margin +€3,776
up €3,776 (+35.5%), from €10,644 to €14,420
- Other operating charges +€3,121
up €3,121 (+954%), from €327 to €3,448
- Depreciation +€1,968
up €1,968 (+168%), from €1,172 to €3,140
- Staff costs +€733
up €733 (+97.4%), from €752 to €1,485
- Taxes +€642
up €642 (+17.4%), from €3,694 to €4,336
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 | €106,441 | €128,452 | +€22,011 | +20.7% |
| Fixed assets | 21/28 | €5,422 | €3,126 | -€2,297 | -42.4% |
| Tangible fixed assets | 22/27 | €5,219 | €2,922 | -€2,297 | -44.0% |
| Plant, machinery and equipment | 23 | €1,482 | €961 | -€521 | -35.2% |
| Furniture and vehicles | 24 | €3,737 | €1,961 | -€1,776 | -47.5% |
| Financial fixed assets | 28 | €203 | €203 | = | 0.0% |
| Current assets | 29/58 | €101,018 | €125,327 | +€24,308 | +24.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,324 | €46,436 | +€8,112 | +21.2% |
| Trade receivables | 40 | €24,480 | €16,114 | -€8,367 | -34.2% |
| Other amounts receivable | 41 | €13,843 | €30,322 | +€16,479 | +119% |
| Cash at bank and in hand | 54/58 | €586 | €15,430 | +€14,843 | +2,532% |
| Deferred charges and accrued income | 490/1 | €2,108 | €3,461 | +€1,353 | +64.2% |
| Total equity and liabilities | 10/49 | €106,441 | €128,452 | +€22,011 | +20.7% |
| Equity | 10/15 | €73,307 | €76,617 | +€3,310 | +4.5% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €66,507 | €69,817 | +€3,310 | +5.0% |
| Distributable reserves | 133 | €66,507 | €69,817 | +€3,310 | +5.0% |
| Amounts payable | 17/49 | €33,134 | €51,835 | +€18,701 | +56.4% |
| Amounts payable within one year | 42/48 | €33,134 | €31,835 | -€1,299 | -3.9% |
| Financial debts | 43 | €1,694 | €699 | -€994 | -58.7% |
| Other loans | 439 | €1,694 | €699 | -€994 | -58.7% |
| Trade debts | 44 | €16,373 | €22,889 | +€6,516 | +39.8% |
| Suppliers | 440/4 | €16,373 | €22,889 | +€6,516 | +39.8% |
| Taxes, remuneration and social security | 45 | €15,067 | €8,247 | -€6,820 | -45.3% |
| Taxes | 450/3 | €15,067 | €8,247 | -€6,820 | -45.3% |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €752 | €1,485 | +€733 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €3,140 | +€1,968 | +168% |
| Other operating charges | 640/8 | €327 | €3,448 | +€3,121 | +954% |
| Non-recurring operating charges | 66A | €2,399 | €0 | -€2,399 | -100% |
| Gross operating margin | 9900 | €10,644 | €14,420 | +€3,776 | +35.5% |
| Operating profit (loss) | 9901 | €5,994 | €6,347 | +€354 | +5.9% |
| Financial income | 75/76B | €1,860 | €2,490 | +€630 | +33.9% |
| Recurring financial income | 75 | €1,860 | €2,490 | +€630 | +33.9% |
| Financial charges | 65/66B | €814 | €1,191 | +€377 | +46.3% |
| Recurring financial charges | 65 | €814 | €1,191 | +€377 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €7,039 | €7,646 | +€607 | +8.6% |
| Income taxes | 67/77 | €3,694 | €4,336 | +€642 | +17.4% |
| Profit (loss) for the period | 9904 | €3,345 | €3,310 | -€35 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,345 | €3,310 | -€35 | -1.0% |
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 18 October 2026 via checked.be.