DIFF: 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
DIFF
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€823,089
2023 · €771,748-€1.6m
Equity
€1.6m
2023 · €4.0m-€2.4m
Cash
€720,185
2023 · €1.2m-€489,158
Balance sheet total
€10.9m
2023 · €9.8m+€1.1m
Largest movements
Assets
- Receivables within one year +€2.2m
up €2.2m (+851.6%), from €255,652 to €2.4m
of which Trade receivables: +€2.0m
- Stocks and contracts -€607,948
down €607,948 (-9.9%), from €6.1m to €5.5m
- Cash -€489,158
down €489,158 (-40.4%), from €1.2m to €720,185
mainly Receivables within one year (-€2.2m) and Contributions, distributions and other (-€1.6m)
Equity and liabilities
- Reserves -€2.4m
down €2.4m (-88.1%), from €2.7m to €326,612
of which Distributable reserves: -€2.6m
- Short-term financial debts +€2.0m
up €2.0m, from €0 to €2.0m
- Debts after one year +€1.0m
up €1.0m (+101.7%), from €1.0m to €2.1m
- Tax, wage and social debts -€938,406
down €938,406 (-92.6%), from €1.0m to €75,071
of which Taxes: -€936,928
- Trade debts +€817,284
up €817,284 (+50.4%), from €1.6m to €2.4m
Income statement
- Goods and materials -€5.1m
down €5.1m (-26.5%), from €19.1m to €14.0m
- Turnover -€3.3m
down €3.3m (-17.7%), from €18.5m to €15.2m
- Taxes -€280,484
down €280,484 (-97.6%), from €287,381 to €6,898
of which Taxes: -€292,354
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
€771,748
Turnover
-€3.3m
Other operating income
+€11,442
Goods and materials
+€5.1m
Services and other goods
-€48,239
Staff costs
-€2,186
Depreciation
+€22,055
Other operating charges
+€1,699
Other operating items
-€3.6m
Financial income
-€3,290
Financial charges
-€42,615
Taxes
+€280,484
Result 2024
-€823,089
Cash bridge derived
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
-€2.0m
Investment
-€97,139
Financing
+€1.6m
Cash 2023
€1.2m
From operations (derived)
-€2.0m
Net result for the year
-€823,089
Depreciation
+€124,409
Stocks and contracts
+€607,948
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€76,274
Trade debts
+€817,284
Tax, wage and social debts
-€938,406
Other debts
+€428,783
Accrued charges and deferred income
+€10,945
Investment (derived)
-€97,139
Investment in fixed assets (net)
-€97,139
Financing
+€1.6m
Debts after one year
+€1.0m
Current portion of long-term debt
+€192,908
Short-term financial debts
+€2.0m
Contributions, distributions and other
-€1.6m
Cash 2024
€720,185
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,782,495 | €10,911,501 | +€1.1m | +11.5% |
| Fixed assets | 21/28 | €2,176,862 | €2,149,592 | -€27,270 | -1.3% |
| Intangible fixed assets | 21 | €5,007 | €18,077 | +€13,070 | +261.0% |
| Tangible fixed assets | 22/27 | €2,171,050 | €2,130,710 | -€40,340 | -1.9% |
| Land and buildings | 22 | €2,088,719 | €1,996,367 | -€92,352 | -4.4% |
| Plant, machinery and equipment | 23 | €16,169 | €8,769 | -€7,400 | -45.8% |
| Furniture and vehicles | 24 | €62,650 | €122,062 | +€59,412 | +94.8% |
| Other tangible fixed assets | 26 | €3,512 | €3,512 | = | 0.0% |
| Financial fixed assets | 28 | €805 | €805 | = | 0.0% |
| Other financial fixed assets | 284/8 | €805 | €805 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €805 | €805 | = | 0.0% |
| Current assets | 29/58 | €7,605,633 | €8,761,908 | +€1.2m | +15.2% |
| Stocks and contracts in progress | 3 | €6,128,878 | €5,520,930 | -€607,948 | -9.9% |
| Contracts in progress | 37 | €6,128,878 | €5,520,930 | -€607,948 | -9.9% |
| Amounts receivable within one year | 40/41 | €255,652 | €2,432,759 | +€2.2m | +851.6% |
| Trade receivables | 40 | €254,145 | €2,281,088 | +€2.0m | +797.6% |
| Other amounts receivable | 41 | €1,507 | €151,671 | +€150,163 | +9961.3% |
| Cash at bank and in hand | 54/58 | €1,209,343 | €720,185 | -€489,158 | -40.4% |
| Deferred charges and accrued income | 490/1 | €11,759 | €88,034 | +€76,274 | +648.6% |
| Total equity and liabilities | 10/49 | €9,782,495 | €10,911,501 | +€1.1m | +11.5% |
| Equity | 10/15 | €4,018,301 | €1,595,212 | -€2.4m | -60.3% |
| Contributions | 10/11 | €1,268,600 | €1,268,600 | = | 0.0% |
| Reserves | 13 | €2,749,701 | €326,612 | -€2.4m | -88.1% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €2,736,701 | €103,112 | -€2.6m | -96.2% |
| Amounts payable | 17/49 | €5,764,193 | €9,316,289 | +€3.6m | +61.6% |
| Amounts payable after more than one year | 17 | €1,022,098 | €2,061,898 | +€1.0m | +101.7% |
| Financial debts | 170/4 | €1,022,098 | €2,061,898 | +€1.0m | +101.7% |
| Credit institutions | 173 | €1,022,098 | €2,061,898 | +€1.0m | +101.7% |
| Amounts payable within one year | 42/48 | €4,709,546 | €7,210,896 | +€2.5m | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €74,522 | €267,431 | +€192,908 | +258.9% |
| Financial debts | 43 | €0 | €2,000,781 | +€2.0m | |
| Credit institutions | 430/8 | €0 | €2,000,781 | +€2.0m | |
| Trade debts | 44 | €1,620,909 | €2,438,193 | +€817,284 | +50.4% |
| Suppliers | 440/4 | €1,620,909 | €2,438,193 | +€817,284 | +50.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,013,477 | €75,071 | -€938,406 | -92.6% |
| Taxes | 450/3 | €977,729 | €40,801 | -€936,928 | -95.8% |
| Remuneration and social security | 454/9 | €35,748 | €34,270 | -€1,478 | -4.1% |
| Other amounts payable | 47/48 | €2,000,638 | €2,429,421 | +€428,783 | +21.4% |
| Accrued charges and deferred income | 492/3 | €32,549 | €43,494 | +€10,945 | +33.6% |
| Operating income | 70/76A | €21,518,117 | €14,652,180 | -€6.9m | -31.9% |
| Turnover | 70 | €18,512,511 | €15,231,067 | -€3.3m | -17.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,992,706 | -€607,948 | -€3.6m | |
| Other operating income | 74 | €12,900 | €24,342 | +€11,442 | +88.7% |
| Non-recurring operating income | 76A | - | €4,718 | +€4,718 | |
| Operating charges | 60/66A | €20,145,411 | €15,108,889 | -€5.0m | -25.0% |
| Goods for resale, raw materials and consumables | 60 | €19,093,354 | €14,040,524 | -€5.1m | -26.5% |
| Purchases | 600/8 | €19,093,354 | €14,040,524 | -€5.1m | -26.5% |
| Services and other goods | 61 | €600,992 | €649,231 | +€48,239 | +8.0% |
| Remuneration, social security and pensions | 62 | €280,281 | €282,467 | +€2,186 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,464 | €124,409 | -€22,055 | -15.1% |
| Other operating charges | 640/8 | €8,211 | €6,511 | -€1,699 | -20.7% |
| Non-recurring operating charges | 66A | €16,109 | €5,746 | -€10,362 | -64.3% |
| Operating profit (loss) | 9901 | €1,372,707 | -€456,709 | -€1.8m | |
| Financial income | 75/76B | €3,740 | €450 | -€3,290 | -88.0% |
| Recurring financial income | 75 | €3,740 | €450 | -€3,290 | -88.0% |
| Income from current assets | 751 | €4 | €16 | +€13 | +335.1% |
| Other financial income | 752/9 | €3,736 | €433 | -€3,303 | -88.4% |
| Financial charges | 65/66B | €317,317 | €359,932 | +€42,615 | +13.4% |
| Recurring financial charges | 65 | €317,317 | €359,932 | +€42,615 | +13.4% |
| Debt charges | 650 | €105,877 | €156,777 | +€50,900 | +48.1% |
| Other financial charges | 652/9 | €211,440 | €203,155 | -€8,285 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €1,059,130 | -€816,192 | -€1.9m | |
| Income taxes | 67/77 | €287,381 | €6,898 | -€280,484 | -97.6% |
| Taxes | 670/3 | €299,275 | €6,921 | -€292,354 | -97.7% |
| Tax adjustments and reversals of tax provisions | 77 | €11,893 | €23 | -€11,870 | -99.8% |
| Profit (loss) for the period | 9904 | €771,748 | -€823,089 | -€1.6m | |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €771,748 | -€1,033,589 | -€1.8m |
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 8 October 2026 via checked.be.