AS CONSTRUCT: 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.
AS CONSTRUCT
Largest movements
- Tangible fixed assets -€23,467
down €23,467 (-12.2%), from €191,619 to €168,151
of which Plant, machinery and equipment: -€12,280
- Cash +€16,553
up €16,553 (+202.8%), from €8,161 to €24,714
mainly Depreciation (+€20,444) and Net result for the year (+€14,180)
- Receivables within one year +€15,825
up €15,825 (+132.6%), from €11,936 to €27,761
of which Trade receivables: +€13,573
- Deferred charges and accrued income -€3,651
down €3,651 (-91.4%), from €3,992 to €342
- Profit (loss) carried forward +€11,180
up €11,180 (+24.9%), from €44,872 to €56,052
- Advances received +€8,501
new in 2024: €8,501
- Current portion of long-term debt -€7,113
down €7,113 (-30.3%), from €23,503 to €16,390
- Trade debts -€5,665
down €5,665 (-70.0%), from €8,091 to €2,426
- Debts after one year -€3,745
down €3,745 (-3.5%), from €106,440 to €102,695
of which Financial debts: -€3,745
- Turnover -€356,825
no longer reported in 2024 (was €356,825)
- Purchases and services -€261,294
no longer reported in 2024 (was €261,294)
- Gross operating margin +€13,981
up €13,981 (+14.3%), from €97,995 to €111,975
- Other operating charges +€11,625
up €11,625 (+441.8%), from €2,631 to €14,256
- Staff costs -€8,007
down €8,007 (-12.5%), from €64,178 to €56,171
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,707 | €223,967 | +€5,260 | +2.4% |
| Fixed assets | 21/28 | €191,619 | €168,151 | -€23,467 | -12.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €191,619 | €168,151 | -€23,467 | -12.2% |
| Land and buildings | 22 | €151,731 | €144,872 | -€6,859 | -4.5% |
| Plant, machinery and equipment | 23 | €21,751 | €9,472 | -€12,280 | -56.5% |
| Furniture and vehicles | 24 | €18,136 | €13,808 | -€4,329 | -23.9% |
| Current assets | 29/58 | €27,089 | €55,816 | +€28,727 | +106.0% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,936 | €27,761 | +€15,825 | +132.6% |
| Trade receivables | 40 | €9,310 | €22,883 | +€13,573 | +145.8% |
| Other amounts receivable | 41 | €2,626 | €4,878 | +€2,252 | +85.7% |
| Cash at bank and in hand | 54/58 | €8,161 | €24,714 | +€16,553 | +202.8% |
| Deferred charges and accrued income | 490/1 | €3,992 | €342 | -€3,651 | -91.4% |
| Total equity and liabilities | 10/49 | €218,707 | €223,967 | +€5,260 | +2.4% |
| Equity | 10/15 | €64,169 | €75,349 | +€11,180 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €697 | €697 | = | 0.0% |
| Distributable reserves | 133 | €697 | €697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,872 | €56,052 | +€11,180 | +24.9% |
| Amounts payable | 17/49 | €154,539 | €148,619 | -€5,920 | -3.8% |
| Amounts payable after more than one year | 17 | €106,440 | €102,695 | -€3,745 | -3.5% |
| Financial debts | 170/4 | €100,885 | €97,140 | -€3,745 | -3.7% |
| Other amounts payable | 178/9 | €5,556 | €5,556 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,098 | €45,423 | -€1,675 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €23,503 | €16,390 | -€7,113 | -30.3% |
| Trade debts | 44 | €8,091 | €2,426 | -€5,665 | -70.0% |
| Suppliers | 440/4 | €8,091 | €2,426 | -€5,665 | -70.0% |
| Advances received on contracts in progress | 46 | - | €8,501 | +€8,501 | |
| Taxes, remuneration and social security | 45 | €8,613 | €9,286 | +€673 | +7.8% |
| Taxes | 450/3 | €2,804 | €1,862 | -€942 | -33.6% |
| Remuneration and social security | 454/9 | €5,809 | €7,424 | +€1,615 | +27.8% |
| Other amounts payable | 47/48 | €6,892 | €8,821 | +€1,929 | +28.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €500 | -€500 | -50.0% |
| Turnover | 70 | €356,825 | - | -€356,825 | |
| Goods, raw materials, services and sundry goods | 60/61 | €261,294 | - | -€261,294 | |
| Remuneration, social security and pensions | 62 | €64,178 | €56,171 | -€8,007 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,048 | €20,444 | -€7,603 | -27.1% |
| Other operating charges | 640/8 | €2,631 | €14,256 | +€11,625 | +441.8% |
| Gross operating margin | 9900 | €97,995 | €111,975 | +€13,981 | +14.3% |
| Operating profit (loss) | 9901 | €3,138 | €21,104 | +€17,966 | +572.5% |
| Financial income | 75/76B | €50 | €41 | -€9 | -18.8% |
| Recurring financial income | 75 | €50 | €41 | -€9 | -18.8% |
| Financial charges | 65/66B | €2,439 | €2,572 | +€132 | +5.4% |
| Recurring financial charges | 65 | €2,439 | €2,572 | +€132 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €748 | €18,573 | +€17,824 | +2381.6% |
| Income taxes | 67/77 | €382 | €4,393 | +€4,010 | +1048.9% |
| Profit (loss) for the period | 9904 | €366 | €14,180 | +€13,814 | +3773.8% |
| Profit (loss) for the period to be appropriated | 9905 | €366 | €14,180 | +€13,814 | +3773.8% |
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 4 October 2026 via checked.be.