Construction Team: 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.
Construction Team
Largest movements
- Receivables within one year +€100,405
up €100,405 (+108%), from €92,552 to €192,957
of which Trade receivables: +€189,115
- Cash -€8,908
down €8,908 (-69.7%), from €12,780 to €3,872
mainly Receivables within one year (-€100,405) and Investment in fixed assets (net) (-€5,469)
- Tangible fixed assets +€3,451
up €3,451 (+97.6%), from €3,536 to €6,987
- Debts within one year +€63,965
up €63,965 (+130%), from €49,094 to €113,059
of which Trade debts: +€61,128
- Reserves +€26,499
up €26,499 (+62.1%), from €42,653 to €69,152
of which Distributable reserves: +€67,292
- Debts after one year +€4,327
new in 2021: €4,327
- Gross operating margin +€7,735
up €7,735 (+14.9%), from €51,918 to €59,653
- Financial charges +€6,777
new in 2021: €6,777
- Other operating charges +€5,465
new in 2021: €5,465
- Taxes +€1,106
up €1,106 (+13.5%), from €8,215 to €9,321
- Staff costs +€654
new in 2021: €654
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,397 | €204,346 | +€94,948 | +86.8% |
| Fixed assets | 21/28 | €4,066 | €7,517 | +€3,451 | +84.9% |
| Tangible fixed assets | 22/27 | €3,536 | €6,987 | +€3,451 | +97.6% |
| Furniture and vehicles | 24 | - | €6,987 | +€6,987 | |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €105,332 | €196,829 | +€91,497 | +86.9% |
| Amounts receivable within one year | 40/41 | €92,552 | €192,957 | +€100,405 | +108% |
| Trade receivables | 40 | - | €189,115 | +€189,115 | |
| Other amounts receivable | 41 | - | €3,842 | +€3,842 | |
| Cash at bank and in hand | 54/58 | €12,780 | €3,872 | -€8,908 | -69.7% |
| Total equity and liabilities | 10/49 | €109,397 | €204,346 | +€94,948 | +86.8% |
| Equity | 10/15 | €60,303 | €86,802 | +€26,499 | +43.9% |
| Contributions | 10/11 | €17,650 | €17,650 | = | 0.0% |
| Capital | 10 | - | €17,650 | +€17,650 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €950 | +€950 | |
| Reserves | 13 | €42,653 | €69,152 | +€26,499 | +62.1% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €67,292 | +€67,292 | |
| Amounts payable | 17/49 | €49,094 | €117,544 | +€68,449 | +139% |
| Amounts payable after more than one year | 17 | - | €4,327 | +€4,327 | |
| Financial debts | 170/4 | - | €4,327 | +€4,327 | |
| Amounts payable within one year | 42/48 | €49,094 | €113,059 | +€63,965 | +130% |
| Current portion of amounts payable after more than one year | 42 | - | €3,659 | +€3,659 | |
| Trade debts | 44 | €38,951 | €100,079 | +€61,128 | +157% |
| Suppliers | 440/4 | - | €100,079 | +€100,079 | |
| Taxes, remuneration and social security | 45 | - | €9,321 | +€9,321 | |
| Taxes | 450/3 | - | €9,321 | +€9,321 | |
| Accrued charges and deferred income | 492/3 | - | €157 | +€157 | |
| Remuneration, social security and pensions | 62 | - | €654 | +€654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | €2,018 | +€539 | +36.5% |
| Other operating charges | 640/8 | - | €5,465 | +€5,465 | |
| Non-recurring operating charges | 66A | - | €8,996 | +€8,996 | |
| Gross operating margin | 9900 | €51,918 | €59,653 | +€7,735 | +14.9% |
| Operating profit (loss) | 9901 | €49,976 | €42,520 | -€7,455 | -14.9% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | €1,264 | €77 | -€1,188 | -93.9% |
| Financial charges | 65/66B | - | €6,777 | +€6,777 | |
| Recurring financial charges | 65 | €3,593 | €6,777 | +€3,184 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €47,648 | €35,820 | -€11,827 | -24.8% |
| Income taxes | 67/77 | €8,215 | €9,321 | +€1,106 | +13.5% |
| Profit (loss) for the period | 9904 | €39,433 | €26,499 | -€12,934 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,433 | €26,499 | -€12,934 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.