EUROBEL 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.
EUROBEL CONSTRUCT
Largest movements
- Cash -€10,229
down €10,229 (-90.0%), from €11,360 to €1,131
mainly Receivables within one year (-€8,977) and Net result for the year (-€8,037)
- Receivables within one year +€8,977
up €8,977 (+7.7%), from €117,242 to €126,219
of which Trade receivables: +€8,737
- Advances received +€10,848
up €10,848 (+409%), from €2,652 to €13,500
- Profit (loss) carried forward -€8,037
down €8,037 (-12.9%), from -€62,332 to -€70,369
- Current portion of long-term debt -€7,588
no longer reported in 2023 (was €7,588)
- Tax, wage and social debts +€7,206
up €7,206 (+420%), from €1,718 to €8,923
of which Remuneration and social security: +€8,400
- Other debts -€4,725
down €4,725 (-4.9%), from €95,788 to €91,063
- Turnover -€27,543
down €27,543 (-24.8%), from €110,850 to €83,307
- Gross operating margin -€27,370
down €27,370, from €20,554 to -€6,816
- Depreciation -€12,304
no longer reported in 2023 (was €12,304)
- Financial income -€3,746
down €3,746 (-87.9%), from €4,262 to €515
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,970 | €128,906 | -€2,065 | -1.6% |
| Fixed assets | 21/28 | €308 | €308 | = | 0.0% |
| Financial fixed assets | 28 | €308 | €308 | = | 0.0% |
| Current assets | 29/58 | €130,662 | €128,598 | -€2,065 | -1.6% |
| Amounts receivable within one year | 40/41 | €117,242 | €126,219 | +€8,977 | +7.7% |
| Trade receivables | 40 | €31,265 | €40,001 | +€8,737 | +27.9% |
| Other amounts receivable | 41 | €85,977 | €86,217 | +€240 | +0.3% |
| Cash at bank and in hand | 54/58 | €11,360 | €1,131 | -€10,229 | -90.0% |
| Deferred charges and accrued income | 490/1 | €2,061 | €1,248 | -€812 | -39.4% |
| Total equity and liabilities | 10/49 | €130,970 | €128,906 | -€2,065 | -1.6% |
| Equity | 10/15 | -€41,881 | -€49,917 | -€8,037 | -19.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,332 | -€70,369 | -€8,037 | -12.9% |
| Amounts payable | 17/49 | €172,851 | €178,823 | +€5,972 | +3.5% |
| Amounts payable within one year | 42/48 | €172,851 | €178,823 | +€5,972 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €7,588 | - | -€7,588 | |
| Trade debts | 44 | €65,106 | €65,337 | +€231 | +0.4% |
| Suppliers | 440/4 | €65,106 | €65,337 | +€231 | +0.4% |
| Advances received on contracts in progress | 46 | €2,652 | €13,500 | +€10,848 | +409% |
| Taxes, remuneration and social security | 45 | €1,718 | €8,923 | +€7,206 | +420% |
| Taxes | 450/3 | €1,718 | €523 | -€1,194 | -69.5% |
| Remuneration and social security | 454/9 | - | €8,400 | +€8,400 | |
| Other amounts payable | 47/48 | €95,788 | €91,063 | -€4,725 | -4.9% |
| Turnover | 70 | €110,850 | €83,307 | -€27,543 | -24.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,296 | €90,123 | -€173 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,304 | - | -€12,304 | |
| Other operating charges | 640/8 | €1,112 | €74 | -€1,038 | -93.3% |
| Non-recurring operating charges | 66A | €9,562 | - | -€9,562 | |
| Gross operating margin | 9900 | €20,554 | -€6,816 | -€27,370 | |
| Operating profit (loss) | 9901 | -€2,424 | -€6,890 | -€4,466 | -184% |
| Financial income | 75/76B | €4,262 | €515 | -€3,746 | -87.9% |
| Recurring financial income | 75 | €4,262 | €515 | -€3,746 | -87.9% |
| Financial charges | 65/66B | €1,023 | €1,216 | +€193 | +18.9% |
| Recurring financial charges | 65 | €1,023 | €1,216 | +€193 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €815 | -€7,591 | -€8,406 | |
| Income taxes | 67/77 | €450 | €446 | -€4 | -1.0% |
| Profit (loss) for the period | 9904 | €365 | -€8,037 | -€8,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €365 | -€8,037 | -€8,401 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.