FRIENDS 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.
FRIENDS CONSTRUCTION
Largest movements
- Receivables within one year +€9,273
up €9,273 (+27.1%), from €34,252 to €43,525
of which Other amounts receivable: +€8,755
- Tangible fixed assets -€2,783
down €2,783 (-37.3%), from €7,471 to €4,688
of which Furniture and vehicles: -€2,400
- Deferred charges and accrued income +€1,191
new in 2024: €1,191
- Trade debts +€9,058
new in 2024: €9,058
- Profit (loss) carried forward -€4,747
down €4,747 (-14.7%), from €32,396 to €27,649
- Short-term financial debts +€3,010
up €3,010 (+148%), from €2,034 to €5,044
- Tax, wage and social debts +€1,000
up €1,000 (+20.9%), from €4,783 to €5,783
- Other debts -€510
no longer reported in 2024 (was €510)
- Gross operating margin -€27,528
down €27,528 (-89.3%), from €30,825 to €3,297
- Taxes -€5,783
no longer reported in 2024 (was €5,783)
- Other operating charges +€2,238
up €2,238 (+142%), from €1,580 to €3,818
- Depreciation +€2,000
up €2,000 (+255%), from €783 to €2,783
- Financial income -€1,348
no longer reported in 2024 (was €1,348)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,723 | €50,534 | +€7,811 | +18.3% |
| Fixed assets | 21/28 | €8,471 | €5,818 | -€2,653 | -31.3% |
| Tangible fixed assets | 22/27 | €7,471 | €4,688 | -€2,783 | -37.3% |
| Plant, machinery and equipment | 23 | €671 | €288 | -€383 | -57.1% |
| Furniture and vehicles | 24 | €6,800 | €4,400 | -€2,400 | -35.3% |
| Financial fixed assets | 28 | €1,000 | €1,130 | +€130 | +13.0% |
| Current assets | 29/58 | €34,252 | €44,716 | +€10,464 | +30.6% |
| Amounts receivable within one year | 40/41 | €34,252 | €43,525 | +€9,273 | +27.1% |
| Trade receivables | 40 | €18,680 | €19,198 | +€518 | +2.8% |
| Other amounts receivable | 41 | €15,572 | €24,327 | +€8,755 | +56.2% |
| Deferred charges and accrued income | 490/1 | - | €1,191 | +€1,191 | |
| Total equity and liabilities | 10/49 | €42,723 | €50,534 | +€7,811 | +18.3% |
| Equity | 10/15 | €35,396 | €30,649 | -€4,747 | -13.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,396 | €27,649 | -€4,747 | -14.7% |
| Amounts payable | 17/49 | €7,327 | €19,885 | +€12,558 | +171% |
| Amounts payable within one year | 42/48 | €7,327 | €19,885 | +€12,558 | +171% |
| Financial debts | 43 | €2,034 | €5,044 | +€3,010 | +148% |
| Credit institutions | 430/8 | €2,034 | €5,044 | +€3,010 | +148% |
| Trade debts | 44 | - | €9,058 | +€9,058 | |
| Suppliers | 440/4 | - | €9,058 | +€9,058 | |
| Taxes, remuneration and social security | 45 | €4,783 | €5,783 | +€1,000 | +20.9% |
| Taxes | 450/3 | €4,783 | €5,783 | +€1,000 | +20.9% |
| Other amounts payable | 47/48 | €510 | - | -€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €2,783 | +€2,000 | +255% |
| Other operating charges | 640/8 | €1,580 | €3,818 | +€2,238 | +142% |
| Gross operating margin | 9900 | €30,825 | €3,297 | -€27,528 | -89.3% |
| Operating profit (loss) | 9901 | €28,462 | -€3,304 | -€31,766 | |
| Financial income | 75/76B | €1,348 | - | -€1,348 | |
| Recurring financial income | 75 | €1,348 | - | -€1,348 | |
| Financial charges | 65/66B | €678 | €1,443 | +€765 | +113% |
| Recurring financial charges | 65 | €678 | €1,443 | +€765 | +113% |
| Profit (loss) for the period before taxes | 9903 | €29,132 | -€4,747 | -€33,879 | |
| Income taxes | 67/77 | €5,783 | - | -€5,783 | |
| Profit (loss) for the period | 9904 | €23,349 | -€4,747 | -€28,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,349 | -€4,747 | -€28,096 |
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 17 October 2026 via checked.be.