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Constructions Modernes: 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.

What changed

Constructions Modernes

BE 0507.919.516
NACE 25.401, Forging of metal
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€11,118
2023 · -€17,779+€28,897
Equity
€41,100
2023 · €54,981-€13,882
Cash
€10,702
2023 · €14,307-€3,605
Balance sheet total
€90,375
2023 · €102,839-€12,464

Largest movements

2023 to 2024
Assets
  • Receivables within one year -€12,427

    down €12,427 (-17.9%), from €69,411 to €56,984

    of which Other amounts receivable: -€20,260

  • Cash -€3,605

    down €3,605 (-25.2%), from €14,307 to €10,702

    mainly Contributions, distributions and other (-€25,000) and Investment in fixed assets (net) (-€10,626)

  • Deferred charges and accrued income +€2,910

    up €2,910 (+87.6%), from €3,321 to €6,231

Equity and liabilities
  • Profit (loss) carried forward -€12,882

    down €12,882 (-98.2%), from €13,121 to €240

  • Trade debts -€9,204

    down €9,204 (-39.7%), from €23,177 to €13,973

  • Short-term financial debts +€5,000

    up €5,000 (+25.0%), from €20,000 to €25,000

  • Tax, wage and social debts +€2,822

    up €2,822 (+65.9%), from €4,281 to €7,103

    of which Taxes: +€2,348

  • Other debts +€1,470

    up €1,470 (+368.1%), from €399 to €1,869

Income statement
  • Gross operating margin +€27,617

    up €27,617 (+18.7%), from €147,429 to €175,046

  • Depreciation -€2,966

    down €2,966 (-22.9%), from €12,935 to €9,969

From the 2023 result to the 2024 result

effect on the 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 -€17,779
Gross operating margin +€27,617
Staff costs +€558
Depreciation +€2,966
Other operating charges -€205
Other operating items -€847
Financial income -€2
Financial charges -€143
Taxes -€1,047
Result 2024 €11,118

Cash bridge derived

cash 2023 to 2024

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 +€27,021
Investment -€10,626
Financing -€20,000
Cash 2023 €14,307
Net result for the year +€11,118
Depreciation +€9,969
Receivables within one year +€12,427
Deferred charges and accrued income -€2,910
Trade debts -€9,204
Tax, wage and social debts +€2,822
Other debts +€1,470
Accrued charges and deferred income +€1,330
Investment in fixed assets (net) -€10,626
Short-term financial debts +€5,000
Contributions, distributions and other -€25,000
Cash 2024 €10,702
Every line side by side 44 lines
Line Code 2023 2024 Change %
Total assets 20/58 €102,839 €90,375 -€12,464 -12.1%
Fixed assets 21/28 €15,800 €16,458 +€658 +4.2%
Tangible fixed assets 22/27 €15,525 €16,183 +€658 +4.2%
Plant, machinery and equipment 23 €8,568 €10,765 +€2,197 +25.6%
Furniture and vehicles 24 €6,512 €4,422 -€2,090 -32.1%
Other tangible fixed assets 26 €446 €997 +€551 +123.5%
Financial fixed assets 28 €275 €275 = 0.0%
Current assets 29/58 €87,039 €73,917 -€13,121 -15.1%
Amounts receivable within one year 40/41 €69,411 €56,984 -€12,427 -17.9%
Trade receivables 40 €46,412 €54,245 +€7,833 +16.9%
Other amounts receivable 41 €22,999 €2,739 -€20,260 -88.1%
Cash at bank and in hand 54/58 €14,307 €10,702 -€3,605 -25.2%
Deferred charges and accrued income 490/1 €3,321 €6,231 +€2,910 +87.6%
Total equity and liabilities 10/49 €102,839 €90,375 -€12,464 -12.1%
Equity 10/15 €54,981 €41,100 -€13,882 -25.2%
Contributions 10/11 €15,000 €15,000 = 0.0%
Reserves 13 €26,860 €25,860 -€1,000 -3.7%
Distributable reserves 133 €26,860 €25,860 -€1,000 -3.7%
Profit (loss) carried forward 14 €13,121 €240 -€12,882 -98.2%
Amounts payable 17/49 €47,858 €49,276 +€1,418 +3.0%
Amounts payable within one year 42/48 €47,858 €47,946 +€88 +0.2%
Financial debts 43 €20,000 €25,000 +€5,000 +25.0%
Credit institutions 430/8 €20,000 €25,000 +€5,000 +25.0%
Trade debts 44 €23,177 €13,973 -€9,204 -39.7%
Suppliers 440/4 €23,177 €13,973 -€9,204 -39.7%
Taxes, remuneration and social security 45 €4,281 €7,103 +€2,822 +65.9%
Taxes 450/3 €18 €2,366 +€2,348 +13310.6%
Remuneration and social security 454/9 €4,264 €4,738 +€474 +11.1%
Other amounts payable 47/48 €399 €1,869 +€1,470 +368.1%
Accrued charges and deferred income 492/3 - €1,330 +€1,330
Remuneration, social security and pensions 62 €147,692 €147,134 -€558 -0.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €12,935 €9,969 -€2,966 -22.9%
Other operating charges 640/8 €1,805 €2,010 +€205 +11.4%
Non-recurring operating charges 66A - €847 +€847
Gross operating margin 9900 €147,429 €175,046 +€27,617 +18.7%
Operating profit (loss) 9901 -€15,003 €15,086 +€30,089
Financial income 75/76B €2 €0 -€2 -96.8%
Recurring financial income 75 €2 €0 -€2 -96.8%
Financial charges 65/66B €2,777 €2,921 +€143 +5.2%
Recurring financial charges 65 €2,777 €2,921 +€143 +5.2%
Profit (loss) for the period before taxes 9903 -€17,779 €12,166 +€29,944
Income taxes 67/77 - €1,047 +€1,047
Profit (loss) for the period 9904 -€17,779 €11,118 +€28,897
Profit (loss) for the period to be appropriated 9905 -€17,779 €11,118 +€28,897

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 30 September 2026 via checked.be.