EURO-CONSTRUCTIE: 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-CONSTRUCTIE
Largest movements
- Cash +€87,471
up €87,471 (+64.2%), from €136,232 to €223,703
mainly Net result for the year (+€114,193) and Tax, wage and social debts (+€85,537)
- Tangible fixed assets -€41,996
down €41,996 (-44.6%), from €94,186 to €52,190
- Financial fixed assets +€13,090
up €13,090 (+999%), from €1,310 to €14,400
- Trade debts -€126,730
down €126,730 (-21.4%), from €591,893 to €465,163
- Profit (loss) carried forward +€114,193
up €114,193 (+54.4%), from €209,962 to €324,155
- Tax, wage and social debts +€85,537
up €85,537 (+163%), from €52,508 to €138,046
of which Remuneration and social security: +€128,093
- Other debts -€19,400
down €19,400 (-32.8%), from €59,229 to €39,829
- Gross operating margin +€421,279
up €421,279 (+21.3%), from €2.0m to €2.4m
- Staff costs +€267,333
up €267,333 (+16.3%), from €1.6m to €1.9m
- Other operating charges +€168,078
up €168,078 (+346%), from €48,564 to €216,642
- Financial charges -€111,073
down €111,073 (-69.6%), from €159,617 to €48,544
- Write-downs +€36,246
new in 2024: €36,246
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 | €942,938 | €991,962 | +€49,024 | +5.2% |
| Fixed assets | 21/28 | €95,496 | €66,590 | -€28,906 | -30.3% |
| Tangible fixed assets | 22/27 | €94,186 | €52,190 | -€41,996 | -44.6% |
| Plant, machinery and equipment | 23 | €32,184 | €22,544 | -€9,640 | -30.0% |
| Furniture and vehicles | 24 | €38,252 | €20,146 | -€18,106 | -47.3% |
| Leasing and similar rights | 25 | €23,750 | €9,500 | -€14,250 | -60.0% |
| Financial fixed assets | 28 | €1,310 | €14,400 | +€13,090 | +999% |
| Current assets | 29/58 | €847,441 | €925,372 | +€77,930 | +9.2% |
| Amounts receivable within one year | 40/41 | €705,717 | €701,669 | -€4,048 | -0.6% |
| Trade receivables | 40 | €382,184 | €222,575 | -€159,609 | -41.8% |
| Other amounts receivable | 41 | €323,533 | €479,094 | +€155,560 | +48.1% |
| Cash at bank and in hand | 54/58 | €136,232 | €223,703 | +€87,471 | +64.2% |
| Deferred charges and accrued income | 490/1 | €5,492 | - | -€5,492 | |
| Total equity and liabilities | 10/49 | €942,938 | €991,962 | +€49,024 | +5.2% |
| Equity | 10/15 | €230,422 | €344,615 | +€114,193 | +49.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €209,962 | €324,155 | +€114,193 | +54.4% |
| Amounts payable | 17/49 | €712,516 | €647,347 | -€65,168 | -9.1% |
| Amounts payable within one year | 42/48 | €712,516 | €647,347 | -€65,168 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €8,885 | €4,310 | -€4,575 | -51.5% |
| Trade debts | 44 | €591,893 | €465,163 | -€126,730 | -21.4% |
| Suppliers | 440/4 | €591,893 | €465,163 | -€126,730 | -21.4% |
| Taxes, remuneration and social security | 45 | €52,508 | €138,046 | +€85,537 | +163% |
| Taxes | 450/3 | €42,556 | - | -€42,556 | |
| Remuneration and social security | 454/9 | €9,953 | €138,046 | +€128,093 | +1,287% |
| Other amounts payable | 47/48 | €59,229 | €39,829 | -€19,400 | -32.8% |
| Remuneration, social security and pensions | 62 | €1,636,331 | €1,903,664 | +€267,333 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,394 | €46,890 | -€19,504 | -29.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,246 | +€36,246 | |
| Other operating charges | 640/8 | €48,564 | €216,642 | +€168,078 | +346% |
| Gross operating margin | 9900 | €1,978,698 | €2,399,977 | +€421,279 | +21.3% |
| Operating profit (loss) | 9901 | €227,409 | €196,535 | -€30,873 | -13.6% |
| Financial income | 75/76B | - | €713 | +€713 | |
| Recurring financial income | 75 | - | €713 | +€713 | |
| Financial charges | 65/66B | €159,617 | €48,544 | -€111,073 | -69.6% |
| Recurring financial charges | 65 | €159,617 | €48,544 | -€111,073 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €67,792 | €148,704 | +€80,912 | +119% |
| Income taxes | 67/77 | €20,243 | €34,511 | +€14,268 | +70.5% |
| Profit (loss) for the period | 9904 | €47,549 | €114,193 | +€66,644 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €47,549 | €114,193 | +€66,644 | +140% |
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 25 October 2026 via checked.be.