ANDRE CHENE: 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
ANDRE CHENE
NACE 41.003, General construction of other non-residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€718,718
2023 · €11,908-€730,626
Equity
€597,902
2023 · €1.3m-€718,718
Cash
€240,750
2023 · €264,390-€23,640
Balance sheet total
€3.9m
2023 · €5.4m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-40.5%), from €3.7m to €2.2m
of which Trade receivables: -€1.3m
- Stocks and contracts +€59,283
up €59,283 (+7.2%), from €825,717 to €885,000
Equity and liabilities
- Trade debts -€731,706
down €731,706 (-27.9%), from €2.6m to €1.9m
- Profit (loss) carried forward -€718,718
down €718,718, from €130,646 to -€588,072
- Provisions -€277,467
down €277,467 (-100.0%), from €277,467 to €0
- Other debts +€140,050
up €140,050 (+90.9%), from €153,992 to €294,042
- Debts after one year +€115,123
up €115,123 (+74.9%), from €153,781 to €268,904
Income statement
- Gross operating margin -€1.1m
down €1.1m (-61.2%), from €1.9m to €717,256
- Provisions -€275,147
down €275,147 (-11857.2%), from -€2,321 to -€277,467
- Staff costs -€79,300
down €79,300 (-5.0%), from €1.6m to €1.5m
- Other operating charges -€30,011
down €30,011 (-41.0%), from €73,264 to €43,253
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
€11,908
Gross operating margin
-€1.1m
Staff costs
+€79,300
Depreciation
+€16,683
Provisions
+€275,147
Other operating charges
+€30,011
Other operating items
+€5,644
Financial income
-€768
Financial charges
-€2,606
Taxes
-€321
Result 2024
-€718,718
Cash bridge derived
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
-€58,613
Investment
-€91,303
Financing
+€126,276
Cash 2023
€264,390
From operations (derived)
-€58,613
Net result for the year
-€718,718
Depreciation
+€91,015
Stocks and contracts
-€59,283
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€689
Provisions
-€277,467
Trade debts
-€731,706
Tax, wage and social debts
+€21,793
Other debts
+€140,050
Accrued charges and deferred income
-€11,140
Investment (derived)
-€91,303
Investment in fixed assets (net)
-€91,303
Financing
+€126,276
Debts after one year
+€115,123
Current portion of long-term debt
+€11,153
Cash 2024
€240,750
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,370,666 | €3,919,754 | -€1.5m | -27.0% |
| Fixed assets | 21/28 | €609,996 | €610,284 | +€288 | 0.0% |
| Tangible fixed assets | 22/27 | €391,440 | €391,728 | +€288 | +0.1% |
| Plant, machinery and equipment | 23 | €203,573 | €172,854 | -€30,719 | -15.1% |
| Furniture and vehicles | 24 | €135,981 | €176,590 | +€40,609 | +29.9% |
| Other tangible fixed assets | 26 | €51,886 | €42,284 | -€9,602 | -18.5% |
| Financial fixed assets | 28 | €218,556 | €218,556 | = | 0.0% |
| Current assets | 29/58 | €4,760,670 | €3,309,470 | -€1.5m | -30.5% |
| Stocks and contracts in progress | 3 | €825,717 | €885,000 | +€59,283 | +7.2% |
| Stocks | 30/36 | €825,717 | €885,000 | +€59,283 | +7.2% |
| Amounts receivable within one year | 40/41 | €3,669,647 | €2,182,115 | -€1.5m | -40.5% |
| Trade receivables | 40 | €3,385,186 | €2,132,769 | -€1.3m | -37.0% |
| Other amounts receivable | 41 | €284,461 | €49,346 | -€235,116 | -82.7% |
| Cash at bank and in hand | 54/58 | €264,390 | €240,750 | -€23,640 | -8.9% |
| Deferred charges and accrued income | 490/1 | €916 | €1,605 | +€689 | +75.2% |
| Total equity and liabilities | 10/49 | €5,370,666 | €3,919,754 | -€1.5m | -27.0% |
| Equity | 10/15 | €1,316,620 | €597,902 | -€718,718 | -54.6% |
| Contributions | 10/11 | €668,968 | €668,968 | = | 0.0% |
| Capital | 10 | €668,968 | €668,968 | = | 0.0% |
| Issued capital | 100 | €668,968 | €668,968 | = | 0.0% |
| Reserves | 13 | €517,005 | €517,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,897 | €66,897 | = | 0.0% |
| Legal reserve | 130 | €66,897 | €66,897 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,647 | €20,647 | = | 0.0% |
| Distributable reserves | 133 | €429,461 | €429,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,646 | -€588,072 | -€718,718 | |
| Provisions and deferred taxes | 16 | €277,467 | €0 | -€277,467 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €277,467 | €0 | -€277,467 | -100.0% |
| Other liabilities and charges | 164/5 | €277,467 | €0 | -€277,467 | -100.0% |
| Amounts payable | 17/49 | €3,776,579 | €3,321,852 | -€454,727 | -12.0% |
| Amounts payable after more than one year | 17 | €153,781 | €268,904 | +€115,123 | +74.9% |
| Financial debts | 170/4 | €153,781 | €268,904 | +€115,123 | +74.9% |
| Amounts payable within one year | 42/48 | €3,586,797 | €3,028,087 | -€558,711 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €116,077 | €127,230 | +€11,153 | +9.6% |
| Financial debts | 43 | €600,000 | €600,000 | = | 0.0% |
| Other loans | 439 | €600,000 | €600,000 | = | 0.0% |
| Trade debts | 44 | €2,618,642 | €1,886,935 | -€731,706 | -27.9% |
| Suppliers | 440/4 | €2,618,642 | €1,886,935 | -€731,706 | -27.9% |
| Taxes, remuneration and social security | 45 | €98,086 | €119,880 | +€21,793 | +22.2% |
| Taxes | 450/3 | €2,243 | €3,511 | +€1,268 | +56.5% |
| Remuneration and social security | 454/9 | €95,844 | €116,369 | +€20,525 | +21.4% |
| Other amounts payable | 47/48 | €153,992 | €294,042 | +€140,050 | +90.9% |
| Accrued charges and deferred income | 492/3 | €36,000 | €24,861 | -€11,140 | -30.9% |
| Non-recurring operating income | 76A | €23,125 | €11,472 | -€11,653 | -50.4% |
| Remuneration, social security and pensions | 62 | €1,596,314 | €1,517,014 | -€79,300 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,697 | €91,015 | -€16,683 | -15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,321 | -€277,467 | -€275,147 | -11857.2% |
| Other operating charges | 640/8 | €73,264 | €43,253 | -€30,011 | -41.0% |
| Non-recurring operating charges | 66A | €5,644 | €0 | -€5,644 | -100.0% |
| Gross operating margin | 9900 | €1,850,971 | €717,256 | -€1.1m | -61.2% |
| Operating profit (loss) | 9901 | €45,372 | -€681,558 | -€726,930 | |
| Financial income | 75/76B | €10,133 | €9,365 | -€768 | -7.6% |
| Recurring financial income | 75 | €10,133 | €9,365 | -€768 | -7.6% |
| Financial charges | 65/66B | €40,582 | €43,188 | +€2,606 | +6.4% |
| Recurring financial charges | 65 | €40,582 | €43,188 | +€2,606 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €14,924 | -€715,382 | -€730,305 | |
| Income taxes | 67/77 | €3,016 | €3,337 | +€321 | +10.6% |
| Profit (loss) for the period | 9904 | €11,908 | -€718,718 | -€730,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,908 | -€718,718 | -€730,626 |
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 8 October 2026 via checked.be.