EURO CONSTRUCT: 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.
EURO CONSTRUCT
Largest movements
- Deferred charges and accrued income -€24,281
no longer reported in 2024 (was €24,281)
- Receivables within one year +€22,581
up €22,581 (+105%), from €21,508 to €44,089
of which Trade receivables: +€22,171
- Tangible fixed assets +€17,149
up €17,149 (+102%), from €16,751 to €33,900
- Cash +€1,139
up €1,139 (+16.2%), from €7,047 to €8,185
mainly Deferred charges and accrued income (+€24,281) and Tax, wage and social debts (+€18,585)
- Tax, wage and social debts +€18,585
up €18,585 (+183%), from €10,174 to €28,760
of which Taxes: +€11,225
- Trade debts +€6,240
up €6,240 (+580%), from €1,076 to €7,315
- Current portion of long-term debt -€5,616
no longer reported in 2024 (was €5,616)
- Profit (loss) carried forward -€2,621
down €2,621 (-5.0%), from €52,407 to €49,787
- Staff costs +€31,246
new in 2024: €31,246
- Gross operating margin +€26,312
up €26,312 (+63.0%), from €41,752 to €68,064
- Other operating charges +€9,692
up €9,692 (+405%), from €2,391 to €12,083
- Depreciation +€8,878
up €8,878 (+184%), from €4,819 to €13,697
- Taxes +€4,210
up €4,210 (+56.1%), from €7,502 to €11,712
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 | €69,773 | €86,361 | +€16,589 | +23.8% |
| Fixed assets | 21/28 | €16,938 | €34,087 | +€17,149 | +101% |
| Tangible fixed assets | 22/27 | €16,751 | €33,900 | +€17,149 | +102% |
| Furniture and vehicles | 24 | €16,751 | €33,900 | +€17,149 | +102% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €52,835 | €52,274 | -€561 | -1.1% |
| Amounts receivable within one year | 40/41 | €21,508 | €44,089 | +€22,581 | +105% |
| Trade receivables | 40 | - | €22,171 | +€22,171 | |
| Other amounts receivable | 41 | €21,508 | €21,919 | +€411 | +1.9% |
| Cash at bank and in hand | 54/58 | €7,047 | €8,185 | +€1,139 | +16.2% |
| Deferred charges and accrued income | 490/1 | €24,281 | - | -€24,281 | |
| Total equity and liabilities | 10/49 | €69,773 | €86,361 | +€16,589 | +23.8% |
| Equity | 10/15 | €52,907 | €50,287 | -€2,621 | -5.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | €500 | €500 | = | 0.0% |
| Issued capital | 100 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,407 | €49,787 | -€2,621 | -5.0% |
| Amounts payable | 17/49 | €16,865 | €36,075 | +€19,209 | +114% |
| Amounts payable within one year | 42/48 | €16,865 | €36,075 | +€19,209 | +114% |
| Current portion of amounts payable after more than one year | 42 | €5,616 | - | -€5,616 | |
| Trade debts | 44 | €1,076 | €7,315 | +€6,240 | +580% |
| Suppliers | 440/4 | €1,076 | €7,315 | +€6,240 | +580% |
| Taxes, remuneration and social security | 45 | €10,174 | €28,760 | +€18,585 | +183% |
| Taxes | 450/3 | €10,174 | €21,399 | +€11,225 | +110% |
| Remuneration and social security | 454/9 | - | €7,361 | +€7,361 | |
| Remuneration, social security and pensions | 62 | - | €31,246 | +€31,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,819 | €13,697 | +€8,878 | +184% |
| Other operating charges | 640/8 | €2,391 | €12,083 | +€9,692 | +405% |
| Gross operating margin | 9900 | €41,752 | €68,064 | +€26,312 | +63.0% |
| Operating profit (loss) | 9901 | €34,541 | €11,038 | -€23,503 | -68.0% |
| Financial income | 75/76B | €967 | €1 | -€966 | -99.9% |
| Recurring financial income | 75 | €967 | €1 | -€966 | -99.9% |
| Financial charges | 65/66B | €1,952 | €1,947 | -€5 | -0.3% |
| Recurring financial charges | 65 | €1,952 | €1,947 | -€5 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €33,556 | €9,091 | -€24,464 | -72.9% |
| Income taxes | 67/77 | €7,502 | €11,712 | +€4,210 | +56.1% |
| Profit (loss) for the period | 9904 | €26,053 | -€2,621 | -€28,674 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,053 | -€2,621 | -€28,674 |
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 14 October 2026 via checked.be.