CONSTRUCTION B&M: what changed
CONSTRUCTION B&M
Largest movements
- Receivables within one year +€660,853
up €660,853 (+468%), from €141,196 to €802,049
of which Trade receivables: +€630,816
- Tangible fixed assets +€70,269
up €70,269 (+17.0%), from €413,009 to €483,278
of which Land and buildings: +€74,826
- Receivables after one year -€22,800
no longer reported in 2024 (was €22,800)
- Cash -€15,970
down €15,970 (-57.0%), from €28,011 to €12,041
mainly Receivables within one year (-€660,853) and Investment in fixed assets (net) (-€94,177)
- Trade debts +€600,275
up €600,275 (+310%), from €193,558 to €793,833
- Profit (loss) carried forward +€58,838
up €58,838 (+117%), from €50,206 to €109,044
- Tax, wage and social debts +€56,238
up €56,238 (+386%), from €14,560 to €70,798
of which Taxes: +€43,439
- Debts after one year -€19,705
down €19,705 (-5.8%), from €338,051 to €318,346
of which Financial debts: -€21,055
- Gross operating margin +€105,058
up €105,058 (+81.4%), from €129,081 to €234,139
- Staff costs +€37,533
up €37,533 (+57.1%), from €65,700 to €103,233
- Taxes +€13,629
up €13,629 (+137%), from €9,928 to €23,557
- Depreciation +€9,229
up €9,229 (+62.9%), from €14,678 to €23,908
- Other operating charges +€9,186
up €9,186 (+350%), from €2,627 to €11,813
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,892 | €1,332,977 | +€696,085 | +109% |
| Fixed assets | 21/28 | €414,169 | €484,438 | +€70,269 | +17.0% |
| Tangible fixed assets | 22/27 | €413,009 | €483,278 | +€70,269 | +17.0% |
| Land and buildings | 22 | €366,310 | €441,136 | +€74,826 | +20.4% |
| Plant, machinery and equipment | 23 | €3,110 | €2,101 | -€1,008 | -32.4% |
| Furniture and vehicles | 24 | €24,552 | €21,580 | -€2,972 | -12.1% |
| Assets under construction and advance payments | 27 | €19,037 | €18,461 | -€577 | -3.0% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €222,723 | €848,539 | +€625,816 | +281% |
| Amounts receivable after more than one year | 29 | €22,800 | - | -€22,800 | |
| Other amounts receivable | 291 | €22,800 | - | -€22,800 | |
| Stocks and contracts in progress | 3 | €29,943 | €32,626 | +€2,683 | +9.0% |
| Stocks | 30/36 | €29,943 | €32,626 | +€2,683 | +9.0% |
| Amounts receivable within one year | 40/41 | €141,196 | €802,049 | +€660,853 | +468% |
| Trade receivables | 40 | €132,822 | €763,638 | +€630,816 | +475% |
| Other amounts receivable | 41 | €8,373 | €38,410 | +€30,037 | +359% |
| Cash at bank and in hand | 54/58 | €28,011 | €12,041 | -€15,970 | -57.0% |
| Deferred charges and accrued income | 490/1 | €774 | €1,824 | +€1,050 | +136% |
| Total equity and liabilities | 10/49 | €636,892 | €1,332,977 | +€696,085 | +109% |
| Equity | 10/15 | €52,206 | €111,044 | +€58,838 | +113% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,206 | €109,044 | +€58,838 | +117% |
| Amounts payable | 17/49 | €584,686 | €1,221,933 | +€637,247 | +109% |
| Amounts payable after more than one year | 17 | €338,051 | €318,346 | -€19,705 | -5.8% |
| Financial debts | 170/4 | €338,051 | €316,996 | -€21,055 | -6.2% |
| Other amounts payable | 178/9 | - | €1,350 | +€1,350 | |
| Amounts payable within one year | 42/48 | €246,635 | €902,836 | +€656,201 | +266% |
| Current portion of amounts payable after more than one year | 42 | €20,429 | €21,456 | +€1,027 | +5.0% |
| Trade debts | 44 | €193,558 | €793,833 | +€600,275 | +310% |
| Suppliers | 440/4 | €193,558 | €793,833 | +€600,275 | +310% |
| Advances received on contracts in progress | 46 | €10,567 | - | -€10,567 | |
| Taxes, remuneration and social security | 45 | €14,560 | €70,798 | +€56,238 | +386% |
| Taxes | 450/3 | €12,928 | €56,367 | +€43,439 | +336% |
| Remuneration and social security | 454/9 | €1,633 | €14,431 | +€12,799 | +784% |
| Other amounts payable | 47/48 | €7,521 | €16,750 | +€9,229 | +123% |
| Accrued charges and deferred income | 492/3 | - | €751 | +€751 | |
| Remuneration, social security and pensions | 62 | €65,700 | €103,233 | +€37,533 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,678 | €23,908 | +€9,229 | +62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,075 | -€7,075 | |
| Other operating charges | 640/8 | €2,627 | €11,813 | +€9,186 | +350% |
| Gross operating margin | 9900 | €129,081 | €234,139 | +€105,058 | +81.4% |
| Operating profit (loss) | 9901 | €46,076 | €102,262 | +€56,186 | +122% |
| Financial income | 75/76B | €696 | €113 | -€583 | -83.8% |
| Recurring financial income | 75 | €696 | €113 | -€583 | -83.8% |
| Financial charges | 65/66B | €15,343 | €19,980 | +€4,637 | +30.2% |
| Recurring financial charges | 65 | €15,343 | €19,980 | +€4,637 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €31,429 | €82,395 | +€50,965 | +162% |
| Income taxes | 67/77 | €9,928 | €23,557 | +€13,629 | +137% |
| Profit (loss) for the period | 9904 | €21,502 | €58,838 | +€37,336 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €21,502 | €58,838 | +€37,336 | +174% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.