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ABDF Construction: what changed

Two fiscal 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.

What changed

ABDF Construction

BE 0749.443.576
NACE 41.001, General construction of residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€58,594
2023 · €5,004+€53,591
Equity
€198,406
2023 · €139,812+€58,594
Cash
€10,885
2023 · €13,262-€2,378
Balance sheet total
€479,142
2023 · €394,451+€84,691

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€89,196

    up €89,196 (+106.3%), from €83,900 to €173,096

    of which Trade receivables: +€80,244

  • Tangible fixed assets -€9,193

    down €9,193 (-4.4%), from €211,211 to €202,018

    of which Land and buildings: -€8,400

  • Deferred charges and accrued income +€7,066

    up €7,066 (+126.7%), from €5,578 to €12,643

Equity and liabilities
  • Profit (loss) carried forward +€58,594

    up €58,594 (+44.5%), from €131,812 to €190,406

  • Trade debts +€36,275

    up €36,275 (+56.1%), from €64,653 to €100,929

  • Other debts -€14,322

    down €14,322 (-35.4%), from €40,447 to €26,125

  • Tax, wage and social debts +€12,534

    up €12,534 (+864.4%), from €1,450 to €13,984

    of which Taxes: +€7,880

  • Debts after one year -€8,701

    down €8,701 (-6.2%), from €139,699 to €130,998

Income statement
  • Gross operating margin +€67,985

    up €67,985 (+217.9%), from €31,202 to €99,187

  • Taxes +€14,935

    new in 2024: €14,935

  • Staff costs +€4,699

    new in 2024: €4,699

  • Depreciation -€3,160

    down €3,160 (-17.3%), from €18,242 to €15,081

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €5,004
Gross operating margin +€67,985
Staff costs -€4,699
Depreciation +€3,160
Other operating charges +€49
Other operating items +€1,194
Financial income -€4
Financial charges +€841
Taxes -€14,935
Result 2024 €58,594

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€11,901
Investment -€5,888
Financing -€8,390
Cash 2023 €13,262
Net result for the year +€58,594
Depreciation +€15,081
Receivables within one year -€89,196
Deferred charges and accrued income -€7,066
Trade debts +€36,275
Tax, wage and social debts +€12,534
Other debts -€14,322
Investment in fixed assets (net) -€5,888
Debts after one year -€8,701
Current portion of long-term debt +€311
Cash 2024 €10,885
Every line side by side 43 lines
Line Code 2023 2024 Change %
Total assets 20/58 €394,451 €479,142 +€84,691 +21.5%
Fixed assets 21/28 €211,211 €202,018 -€9,193 -4.4%
Tangible fixed assets 22/27 €211,211 €202,018 -€9,193 -4.4%
Land and buildings 22 €199,851 €191,451 -€8,400 -4.2%
Plant, machinery and equipment 23 €5,471 €4,090 -€1,381 -25.2%
Furniture and vehicles 24 €5,889 €6,477 +€588 +10.0%
Current assets 29/58 €183,240 €277,124 +€93,884 +51.2%
Amounts receivable after more than one year 29 €80,500 €80,500 = 0.0%
Other amounts receivable 291 €80,500 €80,500 = 0.0%
Amounts receivable within one year 40/41 €83,900 €173,096 +€89,196 +106.3%
Trade receivables 40 €80,779 €161,023 +€80,244 +99.3%
Other amounts receivable 41 €3,121 €12,073 +€8,952 +286.8%
Cash at bank and in hand 54/58 €13,262 €10,885 -€2,378 -17.9%
Deferred charges and accrued income 490/1 €5,578 €12,643 +€7,066 +126.7%
Total equity and liabilities 10/49 €394,451 €479,142 +€84,691 +21.5%
Equity 10/15 €139,812 €198,406 +€58,594 +41.9%
Contributions 10/11 €8,000 €8,000 = 0.0%
Profit (loss) carried forward 14 €131,812 €190,406 +€58,594 +44.5%
Amounts payable 17/49 €254,639 €280,736 +€26,097 +10.2%
Amounts payable after more than one year 17 €139,699 €130,998 -€8,701 -6.2%
Financial debts 170/4 €139,699 €130,998 -€8,701 -6.2%
Amounts payable within one year 42/48 €114,941 €149,738 +€34,798 +30.3%
Current portion of amounts payable after more than one year 42 €8,390 €8,701 +€311 +3.7%
Trade debts 44 €64,653 €100,929 +€36,275 +56.1%
Suppliers 440/4 €64,653 €100,929 +€36,275 +56.1%
Taxes, remuneration and social security 45 €1,450 €13,984 +€12,534 +864.4%
Taxes 450/3 €1,450 €9,330 +€7,880 +543.5%
Remuneration and social security 454/9 - €4,653 +€4,653
Other amounts payable 47/48 €40,447 €26,125 -€14,322 -35.4%
Remuneration, social security and pensions 62 - €4,699 +€4,699
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €18,242 €15,081 -€3,160 -17.3%
Other operating charges 640/8 €2,015 €1,967 -€49 -2.4%
Non-recurring operating charges 66A €1,194 - -€1,194
Gross operating margin 9900 €31,202 €99,187 +€67,985 +217.9%
Operating profit (loss) 9901 €9,751 €77,440 +€67,689 +694.1%
Financial income 75/76B €2,174 €2,170 -€4 -0.2%
Recurring financial income 75 €2,174 €2,170 -€4 -0.2%
Financial charges 65/66B €6,922 €6,081 -€841 -12.1%
Recurring financial charges 65 €6,922 €6,081 -€841 -12.1%
Profit (loss) for the period before taxes 9903 €5,004 €73,529 +€68,525 +1369.4%
Income taxes 67/77 - €14,935 +€14,935
Profit (loss) for the period 9904 €5,004 €58,594 +€53,591 +1071.0%
Profit (loss) for the period to be appropriated 9905 €5,004 €58,594 +€53,591 +1071.0%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.