EUROFLEX 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.
EUROFLEX CONSTRUCTION
Largest movements
- Cash -€86,249
down €86,249 (-78.3%), from €110,089 to €23,840
mainly Trade debts (-€96,925) and Investment in fixed assets (net) (-€29,093)
- Receivables within one year -€33,454
down €33,454 (-54.6%), from €61,323 to €27,869
of which Trade receivables: -€39,739
- Tangible fixed assets +€22,786
up €22,786 (+232%), from €9,826 to €32,612
- Trade debts -€96,925
down €96,925 (-78.2%), from €123,875 to €26,950
- Tax, wage and social debts -€8,145
down €8,145 (-65.5%), from €12,444 to €4,299
of which Remuneration and social security: -€8,000
- Profit (loss) carried forward +€7,829
up €7,829 (+29.4%), from €26,642 to €34,471
- Gross operating margin +€13,653
up €13,653 (+387%), from €3,529 to €17,182
- Taxes +€2,636
up €2,636 (+2,004%), from €132 to €2,768
- Financial income -€286
down €286 (-22.4%), from €1,276 to €990
- Depreciation +€213
up €213 (+3.5%), from €6,093 to €6,307
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 | €181,561 | €84,321 | -€97,240 | -53.6% |
| Fixed assets | 21/28 | €9,826 | €32,612 | +€22,786 | +232% |
| Tangible fixed assets | 22/27 | €9,826 | €32,612 | +€22,786 | +232% |
| Furniture and vehicles | 24 | €9,826 | €32,612 | +€22,786 | +232% |
| Current assets | 29/58 | €171,735 | €51,709 | -€120,027 | -69.9% |
| Amounts receivable within one year | 40/41 | €61,323 | €27,869 | -€33,454 | -54.6% |
| Trade receivables | 40 | €45,300 | €5,561 | -€39,739 | -87.7% |
| Other amounts receivable | 41 | €16,023 | €22,307 | +€6,284 | +39.2% |
| Cash at bank and in hand | 54/58 | €110,089 | €23,840 | -€86,249 | -78.3% |
| Deferred charges and accrued income | 490/1 | €324 | - | -€324 | |
| Total equity and liabilities | 10/49 | €181,561 | €84,321 | -€97,240 | -53.6% |
| Equity | 10/15 | €45,242 | €53,071 | +€7,829 | +17.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,600 | €17,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,600 | €17,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,600 | €17,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,642 | €34,471 | +€7,829 | +29.4% |
| Amounts payable | 17/49 | €136,319 | €31,249 | -€105,069 | -77.1% |
| Amounts payable within one year | 42/48 | €136,319 | €31,249 | -€105,069 | -77.1% |
| Trade debts | 44 | €123,875 | €26,950 | -€96,925 | -78.2% |
| Suppliers | 440/4 | €123,875 | €26,950 | -€96,925 | -78.2% |
| Taxes, remuneration and social security | 45 | €12,444 | €4,299 | -€8,145 | -65.5% |
| Taxes | 450/3 | €3,044 | €2,899 | -€145 | -4.8% |
| Remuneration and social security | 454/9 | €9,400 | €1,400 | -€8,000 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,093 | €6,307 | +€213 | +3.5% |
| Other operating charges | 640/8 | €735 | €762 | +€27 | +3.7% |
| Gross operating margin | 9900 | €3,529 | €17,182 | +€13,653 | +387% |
| Operating profit (loss) | 9901 | -€3,299 | €10,113 | +€13,412 | |
| Financial income | 75/76B | €1,276 | €990 | -€286 | -22.4% |
| Recurring financial income | 75 | €1,276 | €990 | -€286 | -22.4% |
| Financial charges | 65/66B | €570 | €506 | -€64 | -11.3% |
| Recurring financial charges | 65 | €570 | €506 | -€64 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,594 | €10,597 | +€13,191 | |
| Income taxes | 67/77 | €132 | €2,768 | +€2,636 | +2,004% |
| Profit (loss) for the period | 9904 | -€2,726 | €7,829 | +€10,555 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,726 | €7,829 | +€10,555 |
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 19 October 2026 via checked.be.