BALFROID CONSTRUCTIONS: 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.
BALFROID CONSTRUCTIONS
Largest movements
- Cash +€199,148
up €199,148 (+2056.1%), from €9,686 to €208,834
mainly Debts after one year (+€385,957) and Depreciation (+€37,338)
- Receivables within one year +€93,390
up €93,390 (+138.8%), from €67,260 to €160,650
of which Trade receivables: +€93,372
- Deferred charges and accrued income +€83,213
new in 2023: €83,213
- Tangible fixed assets -€12,341
down €12,341 (-3.4%), from €358,774 to €346,433
of which Furniture and vehicles: -€8,074
- Debts after one year +€385,957
up €385,957 (+146.3%), from €263,844 to €649,801
of which Other amounts payable: +€482,651
- Trade debts -€50,056
down €50,056 (-55.9%), from €89,561 to €39,506
- Reserves +€14,840
up €14,840 (+287.6%), from €5,160 to €20,000
of which Distributable reserves: +€20,000
- Gross operating margin +€76,453
up €76,453, from -€10,546 to €65,907
- Purchases and services -€51,584
down €51,584 (-48.7%), from €105,923 to €54,339
- Turnover +€21,667
up €21,667 (+22.7%), from €95,377 to €117,044
- Depreciation +€13,480
up €13,480 (+56.5%), from €23,858 to €37,338
- Financial charges +€4,574
up €4,574 (+501.2%), from €913 to €5,486
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,417 | €801,827 | +€363,410 | +82.9% |
| Fixed assets | 21/28 | €358,774 | €346,433 | -€12,341 | -3.4% |
| Tangible fixed assets | 22/27 | €358,774 | €346,433 | -€12,341 | -3.4% |
| Land and buildings | 22 | €299,943 | €292,822 | -€7,121 | -2.4% |
| Plant, machinery and equipment | 23 | €21,211 | €24,066 | +€2,855 | +13.5% |
| Furniture and vehicles | 24 | €37,620 | €29,545 | -€8,074 | -21.5% |
| Current assets | 29/58 | €79,643 | €455,394 | +€375,751 | +471.8% |
| Stocks and contracts in progress | 3 | €2,697 | €2,697 | = | 0.0% |
| Stocks | 30/36 | €2,697 | €2,697 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,260 | €160,650 | +€93,390 | +138.8% |
| Trade receivables | 40 | €67,260 | €160,632 | +€93,372 | +138.8% |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €9,686 | €208,834 | +€199,148 | +2056.1% |
| Deferred charges and accrued income | 490/1 | - | €83,213 | +€83,213 | |
| Total equity and liabilities | 10/49 | €438,417 | €801,827 | +€363,410 | +82.9% |
| Equity | 10/15 | €82,787 | €103,521 | +€20,734 | +25.0% |
| Contributions | 10/11 | €30,987 | €36,146 | +€5,160 | +16.7% |
| Reserves | 13 | €5,160 | €20,000 | +€14,840 | +287.6% |
| Non-distributable reserves | 130/1 | €5,160 | - | -€5,160 | |
| Reserves not available under the articles | 1311 | €5,160 | - | -€5,160 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €46,641 | €47,374 | +€734 | +1.6% |
| Amounts payable | 17/49 | €355,630 | €698,307 | +€342,677 | +96.4% |
| Amounts payable after more than one year | 17 | €263,844 | €649,801 | +€385,957 | +146.3% |
| Financial debts | 170/4 | €263,844 | €167,150 | -€96,694 | -36.6% |
| Other amounts payable | 178/9 | - | €482,651 | +€482,651 | |
| Amounts payable within one year | 42/48 | €91,244 | €48,506 | -€42,738 | -46.8% |
| Trade debts | 44 | €89,561 | €39,506 | -€50,056 | -55.9% |
| Suppliers | 440/4 | €89,561 | €39,506 | -€50,056 | -55.9% |
| Taxes, remuneration and social security | 45 | €1,683 | €9,000 | +€7,317 | +434.9% |
| Taxes | 450/3 | €1,683 | €9,000 | +€7,317 | +434.9% |
| Accrued charges and deferred income | 492/3 | €542 | - | -€542 | |
| Turnover | 70 | €95,377 | €117,044 | +€21,667 | +22.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €105,923 | €54,339 | -€51,584 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,858 | €37,338 | +€13,480 | +56.5% |
| Other operating charges | 640/8 | €559 | €2,349 | +€1,790 | +320.3% |
| Gross operating margin | 9900 | -€10,546 | €65,907 | +€76,453 | |
| Operating profit (loss) | 9901 | -€34,963 | €26,220 | +€61,183 | |
| Financial income | 75/76B | €3,117 | - | -€3,117 | |
| Recurring financial income | 75 | €3,117 | - | -€3,117 | |
| Financial charges | 65/66B | €913 | €5,486 | +€4,574 | +501.2% |
| Recurring financial charges | 65 | €913 | €5,486 | +€4,574 | +501.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,758 | €20,734 | +€53,492 | |
| Profit (loss) for the period | 9904 | -€32,758 | €20,734 | +€53,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,758 | €20,734 | +€53,492 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.