NB Construct: what changed
NB Construct
Largest movements
- Receivables within one year +€28,321
up €28,321 (+46.8%), from €60,462 to €88,783
of which Other amounts receivable: +€40,150
- Tangible fixed assets +€7,734
up €7,734 (+154%), from €5,029 to €12,764
of which Furniture and vehicles: +€7,982
- Cash +€7,048
up €7,048 (+3,422%), from €206 to €7,253
mainly Net result for the year (+€33,594) and Trade debts (+€14,700)
- Profit (loss) carried forward +€33,594
up €33,594 (+147%), from €22,810 to €56,404
- Trade debts +€14,700
up €14,700 (+109%), from €13,488 to €28,188
- Tax, wage and social debts -€2,648
down €2,648 (-16.8%), from €15,748 to €13,100
of which Taxes: -€2,648
- Short-term financial debts -€2,289
no longer reported in 2025 (was €2,289)
- Gross operating margin +€16,584
up €16,584 (+50.0%), from €33,160 to €49,745
- Taxes +€4,253
up €4,253 (+62.1%), from €6,847 to €11,100
- Financial income +€2,951
up €2,951 (+1,930%), from €153 to €3,104
- Other operating charges +€2,724
up €2,724 (+370%), from €736 to €3,461
- Financial charges +€1,619
up €1,619 (+200%), from €809 to €2,428
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,525 | €112,082 | +€42,557 | +61.2% |
| Fixed assets | 21/28 | €8,029 | €15,764 | +€7,734 | +96.3% |
| Tangible fixed assets | 22/27 | €5,029 | €12,764 | +€7,734 | +154% |
| Plant, machinery and equipment | 23 | €3,758 | €3,510 | -€247 | -6.6% |
| Furniture and vehicles | 24 | €1,272 | €9,253 | +€7,982 | +628% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €61,496 | €96,318 | +€34,822 | +56.6% |
| Amounts receivable within one year | 40/41 | €60,462 | €88,783 | +€28,321 | +46.8% |
| Trade receivables | 40 | €18,339 | €6,510 | -€11,829 | -64.5% |
| Other amounts receivable | 41 | €42,122 | €82,273 | +€40,150 | +95.3% |
| Cash at bank and in hand | 54/58 | €206 | €7,253 | +€7,048 | +3,422% |
| Deferred charges and accrued income | 490/1 | €828 | €282 | -€547 | -66.0% |
| Total equity and liabilities | 10/49 | €69,525 | €112,082 | +€42,557 | +61.2% |
| Equity | 10/15 | €37,200 | €70,794 | +€33,594 | +90.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,390 | €10,390 | = | 0.0% |
| Distributable reserves | 133 | €10,390 | €10,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,810 | €56,404 | +€33,594 | +147% |
| Amounts payable | 17/49 | €32,325 | €41,288 | +€8,963 | +27.7% |
| Amounts payable within one year | 42/48 | €32,325 | €41,288 | +€8,963 | +27.7% |
| Financial debts | 43 | €2,289 | - | -€2,289 | |
| Credit institutions | 430/8 | €2,289 | - | -€2,289 | |
| Trade debts | 44 | €13,488 | €28,188 | +€14,700 | +109% |
| Suppliers | 440/4 | €13,488 | €28,188 | +€14,700 | +109% |
| Taxes, remuneration and social security | 45 | €15,748 | €13,100 | -€2,648 | -16.8% |
| Taxes | 450/3 | €15,748 | €13,100 | -€2,648 | -16.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Remuneration, social security and pensions | 62 | €570 | - | -€570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,536 | €2,266 | +€729 | +47.5% |
| Other operating charges | 640/8 | €736 | €3,461 | +€2,724 | +370% |
| Non-recurring operating charges | 66A | €5 | - | -€5 | |
| Gross operating margin | 9900 | €33,160 | €49,745 | +€16,584 | +50.0% |
| Operating profit (loss) | 9901 | €30,313 | €44,018 | +€13,706 | +45.2% |
| Financial income | 75/76B | €153 | €3,104 | +€2,951 | +1,930% |
| Recurring financial income | 75 | €153 | €3,104 | +€2,951 | +1,930% |
| Financial charges | 65/66B | €809 | €2,428 | +€1,619 | +200% |
| Recurring financial charges | 65 | €809 | €2,428 | +€1,619 | +200% |
| Profit (loss) for the period before taxes | 9903 | €29,656 | €44,694 | +€15,037 | +50.7% |
| Income taxes | 67/77 | €6,847 | €11,100 | +€4,253 | +62.1% |
| Profit (loss) for the period | 9904 | €22,809 | €33,594 | +€10,785 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,809 | €33,594 | +€10,785 | +47.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.