CQ CONSTRUCTION: 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.
CQ CONSTRUCTION
Largest movements
- Stocks and contracts +€68,000
new in 2024: €68,000
- Receivables within one year -€60,413
down €60,413 (-38.3%), from €157,734 to €97,320
of which Trade receivables: -€68,549
- Tangible fixed assets -€17,904
down €17,904 (-25.0%), from €71,508 to €53,604
of which Furniture and vehicles: -€13,704
- Cash +€2,779
up €2,779 (+15.7%), from €17,694 to €20,473
mainly Receivables within one year (+€60,413) and Depreciation (+€17,904)
- Tax, wage and social debts -€13,875
down €13,875 (-61.3%), from €22,618 to €8,743
of which Remuneration and social security: -€12,910
- Debts after one year -€4,998
down €4,998 (-12.0%), from €41,655 to €36,657
- Profit (loss) carried forward +€3,807
up €3,807 (+13.6%), from €27,929 to €31,735
- Current portion of long-term debt +€2,726
up €2,726 (+14.1%), from €19,305 to €22,031
- Turnover -€623,953
no longer reported in 2024 (was €623,953)
- Purchases and services -€542,817
no longer reported in 2024 (was €542,817)
- Gross operating margin -€18,358
down €18,358 (-22.6%), from €81,136 to €62,778
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 | €250,278 | €241,103 | -€9,175 | -3.7% |
| Fixed assets | 21/28 | €71,508 | €53,604 | -€17,904 | -25.0% |
| Tangible fixed assets | 22/27 | €71,508 | €53,604 | -€17,904 | -25.0% |
| Plant, machinery and equipment | 23 | €14,084 | €9,884 | -€4,200 | -29.8% |
| Furniture and vehicles | 24 | €57,423 | €43,720 | -€13,704 | -23.9% |
| Current assets | 29/58 | €178,770 | €187,499 | +€8,729 | +4.9% |
| Stocks and contracts in progress | 3 | - | €68,000 | +€68,000 | |
| Contracts in progress | 37 | - | €68,000 | +€68,000 | |
| Amounts receivable within one year | 40/41 | €157,734 | €97,320 | -€60,413 | -38.3% |
| Trade receivables | 40 | €110,434 | €41,885 | -€68,549 | -62.1% |
| Other amounts receivable | 41 | €47,300 | €55,435 | +€8,136 | +17.2% |
| Cash at bank and in hand | 54/58 | €17,694 | €20,473 | +€2,779 | +15.7% |
| Deferred charges and accrued income | 490/1 | €3,342 | €1,705 | -€1,637 | -49.0% |
| Total equity and liabilities | 10/49 | €250,278 | €241,103 | -€9,175 | -3.7% |
| Equity | 10/15 | €40,329 | €44,135 | +€3,807 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €27,929 | €31,735 | +€3,807 | +13.6% |
| Amounts payable | 17/49 | €209,949 | €196,967 | -€12,981 | -6.2% |
| Amounts payable after more than one year | 17 | €41,655 | €36,657 | -€4,998 | -12.0% |
| Financial debts | 170/4 | €41,655 | €36,657 | -€4,998 | -12.0% |
| Amounts payable within one year | 42/48 | €168,294 | €160,311 | -€7,983 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €19,305 | €22,031 | +€2,726 | +14.1% |
| Trade debts | 44 | €112,302 | €114,003 | +€1,701 | +1.5% |
| Suppliers | 440/4 | €112,302 | €114,003 | +€1,701 | +1.5% |
| Taxes, remuneration and social security | 45 | €22,618 | €8,743 | -€13,875 | -61.3% |
| Taxes | 450/3 | €6,808 | €5,843 | -€965 | -14.2% |
| Remuneration and social security | 454/9 | €15,810 | €2,900 | -€12,910 | -81.7% |
| Other amounts payable | 47/48 | €14,068 | €15,534 | +€1,465 | +10.4% |
| Turnover | 70 | €623,953 | - | -€623,953 | |
| Goods, raw materials, services and sundry goods | 60/61 | €542,817 | - | -€542,817 | |
| Remuneration, social security and pensions | 62 | €29,404 | €32,499 | +€3,095 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,852 | €17,904 | +€51 | +0.3% |
| Other operating charges | 640/8 | €2,617 | €1,802 | -€815 | -31.1% |
| Non-recurring operating charges | 66A | €17,907 | - | -€17,907 | |
| Gross operating margin | 9900 | €81,136 | €62,778 | -€18,358 | -22.6% |
| Operating profit (loss) | 9901 | €13,355 | €10,573 | -€2,782 | -20.8% |
| Financial income | 75/76B | €145 | - | -€145 | |
| Recurring financial income | 75 | €145 | - | -€145 | |
| Financial charges | 65/66B | €3,467 | €3,810 | +€343 | +9.9% |
| Recurring financial charges | 65 | €3,467 | €3,810 | +€343 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €10,034 | €6,763 | -€3,271 | -32.6% |
| Income taxes | 67/77 | €9 | €2,957 | +€2,947 | +31,186% |
| Profit (loss) for the period | 9904 | €10,024 | €3,807 | -€6,218 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,024 | €3,807 | -€6,218 | -62.0% |
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.