AM EXPERT 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.
What changed
AM EXPERT CONSTRUCT
NACE 43.350, Other building finishing work
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€241,265
2023 · €192,145+€49,120
Equity
€1.9m
2023 · €1.7m+€241,265
Cash
€49,500
2023 · €52,451-€2,951
Balance sheet total
€5.7m
2023 · €5.7m+€31,731
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-47.4%), from €2.2m to €1.2m
of which Trade receivables: -€1.1m
- Tangible fixed assets +€933,894
up €933,894 (+47.9%), from €2.0m to €2.9m
of which Land and buildings: +€865,864
- Receivables after one year +€121,182
up €121,182 (+13.8%), from €878,607 to €999,789
- Financial fixed assets +€84,810
up €84,810 (+26.5%), from €319,526 to €404,337
of which Affiliated companies: +€112,000
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-47.1%), from €2.4m to €1.3m
- Debts after one year +€686,384
up €686,384 (+73.0%), from €940,456 to €1.6m
- Reserves +€200,000
up €200,000 (+32.0%), from €624,860 to €824,860
of which Distributable reserves: +€200,000
- Other debts +€144,077
up €144,077 (+105%), from €137,628 to €281,705
Income statement
- Turnover +€906,172
up €906,172 (+5.4%), from €16.9m to €17.8m
- Staff costs +€409,465
up €409,465 (+32.2%), from €1.3m to €1.7m
- Goods and materials +€403,099
up €403,099 (+3.0%), from €13.6m to €14.0m
of which Purchases: +€511,593
From the 2023 result to the 2024 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
€192,145
Turnover
+€906,172
Other operating income
-€19,857
Goods and materials
-€403,099
Services and other goods
+€45,001
Staff costs
-€409,465
Depreciation
+€6,341
Other operating charges
-€47,484
Financial income
+€464
Financial charges
-€23,527
Taxes
-€5,427
Result 2024
€241,265
raises the resultlowers the result
Derived cash bridge
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
+€569,005
Investment
-€1.3m
Financing
+€734,246
Cash 2023
€52,451
From operations (derived)
+€569,005
Net result for the year
+€241,265
Depreciation
+€287,497
Receivables after one year
-€121,182
Stocks and contracts
+€44,646
Receivables within one year
+€1.1m
Deferred charges and accrued income
+€6,687
Trade debts
-€1.1m
Tax, wage and social debts
+€36,133
Other debts
+€144,077
Accrued charges and deferred income
+€7,680
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€734,246
Debts after one year
+€686,384
Current portion of long-term debt
+€47,862
Cash 2024
€49,500
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,655,618 | €5,687,349 | +€31,731 | +0.6% |
| Fixed assets | 21/28 | €2,269,964 | €3,288,669 | +€1.0m | +44.9% |
| Tangible fixed assets | 22/27 | €1,950,438 | €2,884,332 | +€933,894 | +47.9% |
| Land and buildings | 22 | €1,233,713 | €2,099,578 | +€865,864 | +70.2% |
| Plant, machinery and equipment | 23 | €243,290 | €347,906 | +€104,616 | +43.0% |
| Furniture and vehicles | 24 | €473,434 | €436,848 | -€36,587 | -7.7% |
| Financial fixed assets | 28 | €319,526 | €404,337 | +€84,810 | +26.5% |
| Affiliated companies | 280/1 | €104,285 | €216,285 | +€112,000 | +107% |
| Participating interests | 280 | €104,285 | €216,285 | +€112,000 | +107% |
| Other financial fixed assets | 284/8 | €215,242 | €188,052 | -€27,190 | -12.6% |
| Shares | 284 | €215,242 | €188,052 | -€27,190 | -12.6% |
| Current assets | 29/58 | €3,385,653 | €2,398,680 | -€986,973 | -29.2% |
| Amounts receivable after more than one year | 29 | €878,607 | €999,789 | +€121,182 | +13.8% |
| Other amounts receivable | 291 | €878,607 | €999,789 | +€121,182 | +13.8% |
| Stocks and contracts in progress | 3 | €222,285 | €177,639 | -€44,646 | -20.1% |
| Stocks | 30/36 | €222,285 | €177,639 | -€44,646 | -20.1% |
| Work in progress | 32 | €110,000 | €110,000 | = | 0.0% |
| Goods purchased for resale | 34 | €112,285 | €67,639 | -€44,646 | -39.8% |
| Amounts receivable within one year | 40/41 | €2,225,623 | €1,171,751 | -€1.1m | -47.4% |
| Trade receivables | 40 | €2,016,763 | €903,109 | -€1.1m | -55.2% |
| Other amounts receivable | 41 | €208,860 | €268,643 | +€59,783 | +28.6% |
| Cash at bank and in hand | 54/58 | €52,451 | €49,500 | -€2,951 | -5.6% |
| Deferred charges and accrued income | 490/1 | €6,687 | - | -€6,687 | |
| Total equity and liabilities | 10/49 | €5,655,618 | €5,687,349 | +€31,731 | +0.6% |
| Equity | 10/15 | €1,690,033 | €1,931,297 | +€241,265 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €624,860 | €824,860 | +€200,000 | +32.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €567,000 | €767,000 | +€200,000 | +35.3% |
| Profit (loss) carried forward | 14 | €1,058,973 | €1,100,237 | +€41,265 | +3.9% |
| Amounts payable | 17/49 | €3,965,585 | €3,756,051 | -€209,534 | -5.3% |
| Amounts payable after more than one year | 17 | €940,456 | €1,626,840 | +€686,384 | +73.0% |
| Financial debts | 170/4 | €940,456 | €1,626,840 | +€686,384 | +73.0% |
| Credit institutions | 173 | €940,456 | €1,626,840 | +€686,384 | +73.0% |
| Amounts payable within one year | 42/48 | €3,025,129 | €2,121,531 | -€903,598 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €237,574 | €285,436 | +€47,862 | +20.1% |
| Trade debts | 44 | €2,403,456 | €1,271,786 | -€1.1m | -47.1% |
| Suppliers | 440/4 | €2,403,456 | €1,271,786 | -€1.1m | -47.1% |
| Taxes, remuneration and social security | 45 | €246,472 | €282,605 | +€36,133 | +14.7% |
| Taxes | 450/3 | €224,603 | €241,291 | +€16,688 | +7.4% |
| Remuneration and social security | 454/9 | €21,869 | €41,314 | +€19,445 | +88.9% |
| Other amounts payable | 47/48 | €137,628 | €281,705 | +€144,077 | +105% |
| Accrued charges and deferred income | 492/3 | - | €7,680 | +€7,680 | |
| Operating income | 70/76A | €16,914,804 | €17,801,119 | +€886,315 | +5.2% |
| Turnover | 70 | €16,863,346 | €17,769,518 | +€906,172 | +5.4% |
| Other operating income | 74 | €51,458 | €31,601 | -€19,857 | -38.6% |
| Operating charges | 60/66A | €16,586,572 | €17,395,277 | +€808,705 | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €13,556,391 | €13,959,490 | +€403,099 | +3.0% |
| Purchases | 600/8 | €13,403,251 | €13,914,844 | +€511,593 | +3.8% |
| Change in stocks: decrease (increase) | 609 | €153,140 | €44,646 | -€108,494 | -70.8% |
| Services and other goods | 61 | €1,347,018 | €1,302,017 | -€45,001 | -3.3% |
| Remuneration, social security and pensions | 62 | €1,272,396 | €1,681,861 | +€409,465 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293,839 | €287,497 | -€6,341 | -2.2% |
| Other operating charges | 640/8 | €116,929 | €164,413 | +€47,484 | +40.6% |
| Operating profit (loss) | 9901 | €328,232 | €405,841 | +€77,609 | +23.6% |
| Financial income | 75/76B | - | €464 | +€464 | |
| Recurring financial income | 75 | - | €464 | +€464 | |
| Other financial income | 752/9 | - | €464 | +€464 | |
| Financial charges | 65/66B | €30,637 | €54,164 | +€23,527 | +76.8% |
| Recurring financial charges | 65 | €30,629 | €54,164 | +€23,535 | +76.8% |
| Debt charges | 650 | €30,272 | €53,884 | +€23,613 | +78.0% |
| Other financial charges | 652/9 | €358 | €280 | -€77 | -21.7% |
| Non-recurring financial charges | 66B | €8 | - | -€8 | |
| Profit (loss) for the period before taxes | 9903 | €297,595 | €352,142 | +€54,547 | +18.3% |
| Income taxes | 67/77 | €105,450 | €110,877 | +€5,427 | +5.1% |
| Taxes | 670/3 | €105,450 | €110,877 | +€5,427 | +5.1% |
| Profit (loss) for the period | 9904 | €192,145 | €241,265 | +€49,120 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €192,145 | €241,265 | +€49,120 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.