BUILDING GAB: 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.
BUILDING GAB
Largest movements
- Receivables within one year +€182,591
up €182,591 (+128%), from €142,523 to €325,113
of which Trade receivables: +€108,990
- Cash +€149,246
up €149,246 (+41.7%), from €357,941 to €507,188
mainly Trade debts (+€302,282) and Net result for the year (+€58,869)
- Trade debts +€302,282
up €302,282 (+92.6%), from €326,607 to €628,889
- Profit (loss) carried forward +€58,869
up €58,869 (+45.2%), from €130,368 to €189,237
- Accrued charges and deferred income -€31,061
down €31,061 (-80.9%), from €38,403 to €7,342
- Other debts -€20,000
no longer reported in 2024 (was €20,000)
- Tax, wage and social debts +€11,134
up €11,134 (+40.9%), from €27,215 to €38,349
- Gross operating margin -€37,572
down €37,572 (-28.0%), from €134,264 to €96,691
- Financial charges -€2,621
down €2,621 (-24.1%), from €10,877 to €8,256
- Depreciation +€2,094
up €2,094 (+31.7%), from €6,611 to €8,706
- Financial income +€1,600
up €1,600 (+1,044%), from €153 to €1,754
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,594 | €863,818 | +€321,224 | +59.2% |
| Fixed assets | 21/28 | €14,419 | €10,894 | -€3,525 | -24.4% |
| Tangible fixed assets | 22/27 | €14,419 | €10,894 | -€3,525 | -24.4% |
| Plant, machinery and equipment | 23 | €1,279 | €923 | -€357 | -27.9% |
| Furniture and vehicles | 24 | €13,140 | €9,972 | -€3,168 | -24.1% |
| Current assets | 29/58 | €528,174 | €852,924 | +€324,749 | +61.5% |
| Amounts receivable within one year | 40/41 | €142,523 | €325,113 | +€182,591 | +128% |
| Trade receivables | 40 | €130,797 | €239,787 | +€108,990 | +83.3% |
| Other amounts receivable | 41 | €11,726 | €85,327 | +€73,601 | +628% |
| Cash at bank and in hand | 54/58 | €357,941 | €507,188 | +€149,246 | +41.7% |
| Deferred charges and accrued income | 490/1 | €27,710 | €20,622 | -€7,088 | -25.6% |
| Total equity and liabilities | 10/49 | €542,594 | €863,818 | +€321,224 | +59.2% |
| Equity | 10/15 | €130,368 | €189,237 | +€58,869 | +45.2% |
| Profit (loss) carried forward | 14 | €130,368 | €189,237 | +€58,869 | +45.2% |
| Amounts payable | 17/49 | €412,225 | €674,580 | +€262,355 | +63.6% |
| Amounts payable within one year | 42/48 | €373,822 | €667,238 | +€293,417 | +78.5% |
| Trade debts | 44 | €326,607 | €628,889 | +€302,282 | +92.6% |
| Suppliers | 440/4 | €326,607 | €628,889 | +€302,282 | +92.6% |
| Taxes, remuneration and social security | 45 | €27,215 | €38,349 | +€11,134 | +40.9% |
| Taxes | 450/3 | €27,215 | €38,349 | +€11,134 | +40.9% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €38,403 | €7,342 | -€31,061 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,611 | €8,706 | +€2,094 | +31.7% |
| Other operating charges | 640/8 | €2,483 | €2,662 | +€179 | +7.2% |
| Gross operating margin | 9900 | €134,264 | €96,691 | -€37,572 | -28.0% |
| Operating profit (loss) | 9901 | €125,169 | €85,324 | -€39,845 | -31.8% |
| Financial income | 75/76B | €153 | €1,754 | +€1,600 | +1,044% |
| Recurring financial income | 75 | €153 | €1,754 | +€1,600 | +1,044% |
| Financial charges | 65/66B | €10,877 | €8,256 | -€2,621 | -24.1% |
| Recurring financial charges | 65 | €10,877 | €8,256 | -€2,621 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €114,446 | €78,822 | -€35,624 | -31.1% |
| Income taxes | 67/77 | €20,742 | €19,952 | -€789 | -3.8% |
| Profit (loss) for the period | 9904 | €93,704 | €58,869 | -€34,835 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,704 | €58,869 | -€34,835 | -37.2% |
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 13 October 2026 via checked.be.