CLASS-FINANCE: 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.
What changed
CLASS-FINANCE
NACE 46.831, Wholesale of construction materials, general range
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€45,191
2023 · €16,796-€61,987
Equity
€660,199
2023 · €705,390-€45,191
Cash
€141
2023 · €16,556-€16,415
Balance sheet total
€2.4m
2023 · €2.7m-€241,425
Largest movements
Assets
- Receivables within one year -€173,674
down €173,674 (-38.8%), from €448,188 to €274,514
of which Other amounts receivable: -€166,120
- Tangible fixed assets -€51,301
down €51,301 (-3.7%), from €1.4m to €1.3m
Equity and liabilities
- Other debts -€143,842
down €143,842 (-18.0%), from €800,955 to €657,112
- Debts after one year -€78,385
down €78,385 (-8.3%), from €945,234 to €866,849
- Trade debts +€27,635
up €27,635 (+116%), from €23,926 to €51,561
Income statement
- Financial charges +€89,316
up €89,316 (+442%), from €20,192 to €109,508
- Gross operating margin +€60,840
up €60,840 (+92.5%), from €65,766 to €126,605
- Taxes +€4,235
new in 2024: €4,235
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
€16,796
Gross operating margin
+€60,840
Depreciation
-€465
Other operating charges
-€575
Financial charges
-€89,316
Taxes
-€4,235
Deferred taxes and other
-€28,235
Result 2024
-€45,191
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€62,578
Investment
-€8,373
Financing
-€70,621
Cash 2023
€16,556
From operations (derived)
+€62,578
Net result for the year
-€45,191
Depreciation
+€59,674
Receivables within one year
+€173,674
Deferred charges and accrued income
+€35
Provisions
-€9,406
Trade debts
+€27,635
Other debts
-€143,842
Investment (derived)
-€8,373
Investment in fixed assets (net)
-€8,373
Financing
-€70,621
Debts after one year
-€78,385
Current portion of long-term debt
+€7,765
Cash 2024
€141
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,682,562 | €2,441,137 | -€241,425 | -9.0% |
| Fixed assets | 21/28 | €2,216,356 | €2,165,055 | -€51,301 | -2.3% |
| Tangible fixed assets | 22/27 | €1,370,356 | €1,319,055 | -€51,301 | -3.7% |
| Land and buildings | 22 | €1,370,356 | €1,319,055 | -€51,301 | -3.7% |
| Financial fixed assets | 28 | €846,000 | €846,000 | = | 0.0% |
| Current assets | 29/58 | €466,206 | €276,082 | -€190,124 | -40.8% |
| Amounts receivable within one year | 40/41 | €448,188 | €274,514 | -€173,674 | -38.8% |
| Trade receivables | 40 | €92,204 | €84,650 | -€7,554 | -8.2% |
| Other amounts receivable | 41 | €355,984 | €189,864 | -€166,120 | -46.7% |
| Cash at bank and in hand | 54/58 | €16,556 | €141 | -€16,415 | -99.1% |
| Deferred charges and accrued income | 490/1 | €1,462 | €1,428 | -€35 | -2.4% |
| Total equity and liabilities | 10/49 | €2,682,562 | €2,441,137 | -€241,425 | -9.0% |
| Equity | 10/15 | €705,390 | €660,199 | -€45,191 | -6.4% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €266,831 | €248,214 | -€18,617 | -7.0% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Legal reserve | 130 | €744 | €744 | = | 0.0% |
| Tax-exempt reserves | 132 | €266,087 | €247,470 | -€18,617 | -7.0% |
| Profit (loss) carried forward | 14 | -€176,441 | -€203,015 | -€26,574 | -15.1% |
| Provisions and deferred taxes | 16 | €136,437 | €127,031 | -€9,406 | -6.9% |
| Deferred taxes | 168 | €136,437 | €127,031 | -€9,406 | -6.9% |
| Amounts payable | 17/49 | €1,840,735 | €1,653,907 | -€186,828 | -10.1% |
| Amounts payable after more than one year | 17 | €945,234 | €866,849 | -€78,385 | -8.3% |
| Financial debts | 170/4 | €945,234 | €866,849 | -€78,385 | -8.3% |
| Amounts payable within one year | 42/48 | €895,501 | €787,058 | -€108,442 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €70,621 | €78,385 | +€7,765 | +11.0% |
| Trade debts | 44 | €23,926 | €51,561 | +€27,635 | +116% |
| Suppliers | 440/4 | €23,926 | €51,561 | +€27,635 | +116% |
| Other amounts payable | 47/48 | €800,955 | €657,112 | -€143,842 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,209 | €59,674 | +€465 | +0.8% |
| Other operating charges | 640/8 | €7,210 | €7,785 | +€575 | +8.0% |
| Gross operating margin | 9900 | €65,766 | €126,605 | +€60,840 | +92.5% |
| Operating profit (loss) | 9901 | -€653 | €59,146 | +€59,799 | |
| Financial charges | 65/66B | €20,192 | €109,508 | +€89,316 | +442% |
| Recurring financial charges | 65 | €20,192 | €109,508 | +€89,316 | +442% |
| Profit (loss) for the period before taxes | 9903 | -€20,845 | -€50,362 | -€29,517 | -142% |
| Transfer from deferred taxes | 780 | €37,641 | €9,406 | -€28,235 | -75.0% |
| Income taxes | 67/77 | - | €4,235 | +€4,235 | |
| Profit (loss) for the period | 9904 | €16,796 | -€45,191 | -€61,987 | |
| Transfer from tax-exempt reserves | 789 | - | €18,617 | +€18,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,796 | -€26,574 | -€43,370 |
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 15 October 2026 via checked.be.