FINISH CONSTRUCT: 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.
FINISH CONSTRUCT
Largest movements
- Receivables within one year -€123,107
down €123,107 (-47.9%), from €256,925 to €133,818
of which Trade receivables: -€78,853
- Tangible fixed assets +€5,062
up €5,062 (+266.7%), from €1,898 to €6,960
of which Furniture and vehicles: +€6,098
- Cash +€4,586
up €4,586 (+430.2%), from €1,066 to €5,652
mainly Receivables within one year (+€123,107) and Other debts (+€19,117)
- Tax, wage and social debts -€60,666
down €60,666 (-60.7%), from €100,005 to €39,339
of which Remuneration and social security: -€36,751
- Short-term financial debts -€60,000
no longer reported in 2024 (was €60,000)
- Other debts +€19,117
up €19,117 (+1421.3%), from €1,345 to €20,462
- Trade debts -€12,325
down €12,325 (-41.4%), from €29,798 to €17,473
- Gross operating margin -€50,184
down €50,184 (-46.4%), from €108,061 to €57,877
- Staff costs -€44,261
down €44,261 (-60.5%), from €73,185 to €28,924
- Other operating charges -€5,417
down €5,417 (-48.1%), from €11,255 to €5,838
- Financial charges +€1,696
up €1,696 (+14.1%), from €12,065 to €13,761
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,775 | €152,337 | -€113,438 | -42.7% |
| Fixed assets | 21/28 | €7,137 | €12,699 | +€5,562 | +77.9% |
| Tangible fixed assets | 22/27 | €1,898 | €6,960 | +€5,062 | +266.7% |
| Plant, machinery and equipment | 23 | €1,036 | - | -€1,036 | |
| Furniture and vehicles | 24 | €862 | €6,960 | +€6,098 | +707.4% |
| Financial fixed assets | 28 | €5,239 | €5,739 | +€500 | +9.5% |
| Current assets | 29/58 | €258,638 | €139,638 | -€119,000 | -46.0% |
| Amounts receivable within one year | 40/41 | €256,925 | €133,818 | -€123,107 | -47.9% |
| Trade receivables | 40 | €186,559 | €107,706 | -€78,853 | -42.3% |
| Other amounts receivable | 41 | €70,366 | €26,112 | -€44,254 | -62.9% |
| Cash at bank and in hand | 54/58 | €1,066 | €5,652 | +€4,586 | +430.2% |
| Deferred charges and accrued income | 490/1 | €647 | €168 | -€479 | -74.0% |
| Total equity and liabilities | 10/49 | €265,775 | €152,337 | -€113,438 | -42.7% |
| Equity | 10/15 | €74,627 | €75,063 | +€436 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,167 | €54,603 | +€436 | +0.8% |
| Amounts payable | 17/49 | €191,148 | €77,274 | -€113,874 | -59.6% |
| Amounts payable within one year | 42/48 | €191,148 | €77,274 | -€113,874 | -59.6% |
| Financial debts | 43 | €60,000 | - | -€60,000 | |
| Credit institutions | 430/8 | €60,000 | - | -€60,000 | |
| Trade debts | 44 | €29,798 | €17,473 | -€12,325 | -41.4% |
| Suppliers | 440/4 | €29,798 | €17,473 | -€12,325 | -41.4% |
| Taxes, remuneration and social security | 45 | €100,005 | €39,339 | -€60,666 | -60.7% |
| Taxes | 450/3 | €41,852 | €17,937 | -€23,915 | -57.1% |
| Remuneration and social security | 454/9 | €58,153 | €21,402 | -€36,751 | -63.2% |
| Other amounts payable | 47/48 | €1,345 | €20,462 | +€19,117 | +1421.3% |
| Remuneration, social security and pensions | 62 | €73,185 | €28,924 | -€44,261 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,087 | €2,288 | -€799 | -25.9% |
| Other operating charges | 640/8 | €11,255 | €5,838 | -€5,417 | -48.1% |
| Gross operating margin | 9900 | €108,061 | €57,877 | -€50,184 | -46.4% |
| Operating profit (loss) | 9901 | €20,534 | €20,827 | +€293 | +1.4% |
| Financial income | 75/76B | €58 | €199 | +€141 | +243.1% |
| Recurring financial income | 75 | €58 | €199 | +€141 | +243.1% |
| Financial charges | 65/66B | €12,065 | €13,761 | +€1,696 | +14.1% |
| Recurring financial charges | 65 | €12,065 | €13,761 | +€1,696 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €8,527 | €7,265 | -€1,262 | -14.8% |
| Income taxes | 67/77 | €6,367 | €6,829 | +€462 | +7.3% |
| Profit (loss) for the period | 9904 | €2,160 | €436 | -€1,724 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,160 | €436 | -€1,724 | -79.8% |
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 7 October 2026 via checked.be.