BUCOVINA 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.
BUCOVINA CONSTRUCT
Largest movements
- Tangible fixed assets -€443,158
down €443,158 (-96.8%), from €457,786 to €14,628
of which Land and buildings: -€457,786
- Receivables within one year +€313,042
new in 2025: €313,042
of which Trade receivables: +€268,760
- Receivables after one year -€253,083
no longer reported in 2025 (was €253,083)
of which Trade receivables: -€213,789
- Deferred charges and accrued income +€91,744
up €91,744 (+333%), from €27,549 to €119,293
- Cash +€21,865
up €21,865 (+481%), from €4,547 to €26,412
mainly Depreciation (+€457,786) and Receivables after one year (+€253,083)
- Debts after one year -€235,054
down €235,054 (-99.8%), from €235,418 to €364
- Short-term financial debts -€24,500
no longer reported in 2025 (was €24,500)
- Current portion of long-term debt -€24,096
no longer reported in 2025 (was €24,096)
- Profit (loss) carried forward +€8,552
up €8,552 (+16.9%), from €50,503 to €59,054
- Trade debts +€8,483
up €8,483 (+47.5%), from €17,869 to €26,353
- Turnover +€598,727
up €598,727 (+171%), from €350,643 to €949,370
- Depreciation +€422,771
up €422,771 (+1,207%), from €35,015 to €457,786
- Gross operating margin +€387,714
up €387,714 (+398%), from €97,336 to €485,050
- Purchases and services +€211,013
up €211,013 (+83.3%), from €253,306 to €464,320
- Write-downs -€30,831
no longer reported in 2025 (was €30,831)
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 | €743,255 | €477,716 | -€265,539 | -35.7% |
| Fixed assets | 21/28 | €458,076 | €18,968 | -€439,108 | -95.9% |
| Tangible fixed assets | 22/27 | €457,786 | €14,628 | -€443,158 | -96.8% |
| Land and buildings | 22 | €457,786 | €0 | -€457,786 | -100% |
| Furniture and vehicles | 24 | - | €14,628 | +€14,628 | |
| Financial fixed assets | 28 | €290 | €4,340 | +€4,050 | +1,397% |
| Current assets | 29/58 | €285,179 | €458,747 | +€173,568 | +60.9% |
| Amounts receivable after more than one year | 29 | €253,083 | - | -€253,083 | |
| Trade receivables | 290 | €213,789 | - | -€213,789 | |
| Other amounts receivable | 291 | €39,294 | - | -€39,294 | |
| Amounts receivable within one year | 40/41 | - | €313,042 | +€313,042 | |
| Trade receivables | 40 | - | €268,760 | +€268,760 | |
| Other amounts receivable | 41 | - | €44,282 | +€44,282 | |
| Cash at bank and in hand | 54/58 | €4,547 | €26,412 | +€21,865 | +481% |
| Deferred charges and accrued income | 490/1 | €27,549 | €119,293 | +€91,744 | +333% |
| Total equity and liabilities | 10/49 | €743,255 | €477,716 | -€265,539 | -35.7% |
| Equity | 10/15 | €439,422 | €447,974 | +€8,552 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,320 | €370,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €370,320 | - | -€370,320 | |
| Reserves not available under the articles | 1311 | €370,320 | - | -€370,320 | |
| Distributable reserves | 133 | - | €370,320 | +€370,320 | |
| Profit (loss) carried forward | 14 | €50,503 | €59,054 | +€8,552 | +16.9% |
| Amounts payable | 17/49 | €303,833 | €29,742 | -€274,091 | -90.2% |
| Amounts payable after more than one year | 17 | €235,418 | €364 | -€235,054 | -99.8% |
| Financial debts | 170/4 | €235,418 | €364 | -€235,054 | -99.8% |
| Amounts payable within one year | 42/48 | €68,415 | €29,378 | -€39,037 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €24,096 | - | -€24,096 | |
| Financial debts | 43 | €24,500 | - | -€24,500 | |
| Credit institutions | 430/8 | €24,500 | - | -€24,500 | |
| Trade debts | 44 | €17,869 | €26,353 | +€8,483 | +47.5% |
| Suppliers | 440/4 | €17,869 | €26,353 | +€8,483 | +47.5% |
| Taxes, remuneration and social security | 45 | €1,950 | €3,025 | +€1,075 | +55.1% |
| Taxes | 450/3 | €1,950 | €3,025 | +€1,075 | +55.1% |
| Turnover | 70 | €350,643 | €949,370 | +€598,727 | +171% |
| Goods, raw materials, services and sundry goods | 60/61 | €253,306 | €464,320 | +€211,013 | +83.3% |
| Remuneration, social security and pensions | 62 | €2,250 | €130 | -€2,120 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,015 | €457,786 | +€422,771 | +1,207% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,831 | - | -€30,831 | |
| Other operating charges | 640/8 | €10,017 | €5,198 | -€4,820 | -48.1% |
| Gross operating margin | 9900 | €97,336 | €485,050 | +€387,714 | +398% |
| Operating profit (loss) | 9901 | €19,223 | €21,936 | +€2,713 | +14.1% |
| Financial income | 75/76B | €84 | €8 | -€76 | -90.9% |
| Recurring financial income | 75 | €84 | €8 | -€76 | -90.9% |
| Financial charges | 65/66B | €21,257 | €10,367 | -€10,890 | -51.2% |
| Recurring financial charges | 65 | €21,257 | €10,367 | -€10,890 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,950 | €11,577 | +€13,527 | |
| Income taxes | 67/77 | - | €3,025 | +€3,025 | |
| Profit (loss) for the period | 9904 | -€1,950 | €8,552 | +€10,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,950 | €8,552 | +€10,502 |
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 1 November 2026 via checked.be.