BELGIUM CONSTRUCT & SERVICES: 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.
BELGIUM CONSTRUCT & SERVICES
Largest movements
- Receivables within one year +€26,397
up €26,397 (+221.3%), from €11,926 to €38,324
of which Other amounts receivable: +€13,801
- Cash -€5,164
down €5,164 (-89.8%), from €5,750 to €586
mainly Receivables within one year (-€26,397) and Investment in fixed assets (net) (-€2,532)
- Tangible fixed assets +€1,360
up €1,360 (+35.3%), from €3,859 to €5,219
of which Plant, machinery and equipment: +€842
- Trade debts +€13,227
up €13,227 (+420.5%), from €3,146 to €16,373
- Tax, wage and social debts +€5,490
up €5,490 (+57.3%), from €9,577 to €15,067
- Reserves +€3,345
up €3,345 (+5.3%), from €63,162 to €66,507
of which Distributable reserves: +€3,345
- Short-term financial debts +€1,545
up €1,545 (+1036.6%), from €149 to €1,694
- Gross operating margin -€15,373
down €15,373 (-59.1%), from €26,016 to €10,644
- Depreciation -€5,552
down €5,552 (-82.6%), from €6,724 to €1,172
- Taxes -€2,427
down €2,427 (-39.7%), from €6,122 to €3,694
- Financial income +€1,126
up €1,126 (+153.5%), from €734 to €1,860
- Other operating charges -€867
down €867 (-72.6%), from €1,195 to €327
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 | €82,833 | €106,441 | +€23,607 | +28.5% |
| Fixed assets | 21/28 | €4,062 | €5,422 | +€1,360 | +33.5% |
| Tangible fixed assets | 22/27 | €3,859 | €5,219 | +€1,360 | +35.3% |
| Plant, machinery and equipment | 23 | €640 | €1,482 | +€842 | +131.7% |
| Furniture and vehicles | 24 | €3,219 | €3,737 | +€518 | +16.1% |
| Financial fixed assets | 28 | €203 | €203 | = | 0.0% |
| Current assets | 29/58 | €78,771 | €101,018 | +€22,247 | +28.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,926 | €38,324 | +€26,397 | +221.3% |
| Trade receivables | 40 | €11,884 | €24,480 | +€12,596 | +106.0% |
| Other amounts receivable | 41 | €42 | €13,843 | +€13,801 | +32875.9% |
| Cash at bank and in hand | 54/58 | €5,750 | €586 | -€5,164 | -89.8% |
| Deferred charges and accrued income | 490/1 | €1,094 | €2,108 | +€1,014 | +92.6% |
| Total equity and liabilities | 10/49 | €82,833 | €106,441 | +€23,607 | +28.5% |
| Equity | 10/15 | €69,962 | €73,307 | +€3,345 | +4.8% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €63,162 | €66,507 | +€3,345 | +5.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €63,162 | €66,507 | +€3,345 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €12,871 | €33,134 | +€20,262 | +157.4% |
| Amounts payable within one year | 42/48 | €12,871 | €33,134 | +€20,262 | +157.4% |
| Financial debts | 43 | €149 | €1,694 | +€1,545 | +1036.6% |
| Other loans | 439 | €149 | €1,694 | +€1,545 | +1036.6% |
| Trade debts | 44 | €3,146 | €16,373 | +€13,227 | +420.5% |
| Suppliers | 440/4 | €3,146 | €16,373 | +€13,227 | +420.5% |
| Taxes, remuneration and social security | 45 | €9,577 | €15,067 | +€5,490 | +57.3% |
| Taxes | 450/3 | €9,577 | €15,067 | +€5,490 | +57.3% |
| Remuneration, social security and pensions | 62 | €645 | €752 | +€107 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,724 | €1,172 | -€5,552 | -82.6% |
| Other operating charges | 640/8 | €1,195 | €327 | -€867 | -72.6% |
| Non-recurring operating charges | 66A | - | €2,399 | +€2,399 | |
| Gross operating margin | 9900 | €26,016 | €10,644 | -€15,373 | -59.1% |
| Operating profit (loss) | 9901 | €17,453 | €5,994 | -€11,459 | -65.7% |
| Financial income | 75/76B | €734 | €1,860 | +€1,126 | +153.5% |
| Recurring financial income | 75 | €734 | €1,860 | +€1,126 | +153.5% |
| Financial charges | 65/66B | €137 | €814 | +€677 | +495.1% |
| Recurring financial charges | 65 | €137 | €814 | +€677 | +495.1% |
| Profit (loss) for the period before taxes | 9903 | €18,050 | €7,039 | -€11,010 | -61.0% |
| Income taxes | 67/77 | €6,122 | €3,694 | -€2,427 | -39.7% |
| Profit (loss) for the period | 9904 | €11,928 | €3,345 | -€8,583 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,928 | €3,345 | -€8,583 | -72.0% |
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 3 October 2026 via checked.be.