I LOVE 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.
I LOVE CONSTRUCT
Largest movements
- Tangible fixed assets -€3,981
down €3,981 (-82.0%), from €4,854 to €874
of which Furniture and vehicles: -€3,291
- Receivables within one year -€1,677
down €1,677 (-3.4%), from €48,972 to €47,295
of which Trade receivables: -€34,364
- Cash +€1,016
up €1,016 (+2,009%), from €51 to €1,067
- Deferred charges and accrued income -€577
down €577 (-91.8%), from €629 to €52
- Profit (loss) carried forward +€23,995
up €23,995 (+591%), from €4,057 to €28,053
- Trade debts -€20,946
down €20,946 (-84.3%), from €24,849 to €3,903
- Other debts -€5,338
no longer reported in 2024 (was €5,338)
- Tax, wage and social debts -€2,592
no longer reported in 2024 (was €2,592)
of which Taxes: -€2,283
- Staff costs -€35,456
no longer reported in 2024 (was €35,456)
- Gross operating margin +€19,400
up €19,400 (+209%), from €9,280 to €28,680
- Depreciation +€2,363
up €2,363 (+146%), from €1,618 to €3,981
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,506 | €49,287 | -€5,219 | -9.6% |
| Fixed assets | 21/28 | €4,854 | €874 | -€3,981 | -82.0% |
| Tangible fixed assets | 22/27 | €4,854 | €874 | -€3,981 | -82.0% |
| Plant, machinery and equipment | 23 | €1,445 | €755 | -€690 | -47.7% |
| Furniture and vehicles | 24 | €3,409 | €118 | -€3,291 | -96.5% |
| Current assets | 29/58 | €49,651 | €48,413 | -€1,238 | -2.5% |
| Amounts receivable within one year | 40/41 | €48,972 | €47,295 | -€1,677 | -3.4% |
| Trade receivables | 40 | €41,829 | €7,465 | -€34,364 | -82.2% |
| Other amounts receivable | 41 | €7,143 | €39,829 | +€32,686 | +458% |
| Cash at bank and in hand | 54/58 | €51 | €1,067 | +€1,016 | +2,009% |
| Deferred charges and accrued income | 490/1 | €629 | €52 | -€577 | -91.8% |
| Total equity and liabilities | 10/49 | €54,506 | €49,287 | -€5,219 | -9.6% |
| Equity | 10/15 | €20,388 | €44,384 | +€23,995 | +118% |
| Contributions | 10/11 | €14,471 | €14,471 | = | 0.0% |
| Capital | 10 | €14,471 | - | -€14,471 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €4,129 | - | -€4,129 | |
| Contributions outside capital | 11 | - | €14,471 | +€14,471 | |
| Other | 1109/19 | - | €14,471 | +€14,471 | |
| 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 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,057 | €28,053 | +€23,995 | +591% |
| Amounts payable | 17/49 | €34,117 | €4,903 | -€29,214 | -85.6% |
| Amounts payable within one year | 42/48 | €32,779 | €3,903 | -€28,876 | -88.1% |
| Trade debts | 44 | €24,849 | €3,903 | -€20,946 | -84.3% |
| Suppliers | 440/4 | €24,849 | €3,903 | -€20,946 | -84.3% |
| Taxes, remuneration and social security | 45 | €2,592 | - | -€2,592 | |
| Taxes | 450/3 | €2,283 | - | -€2,283 | |
| Remuneration and social security | 454/9 | €309 | - | -€309 | |
| Other amounts payable | 47/48 | €5,338 | - | -€5,338 | |
| Accrued charges and deferred income | 492/3 | €1,338 | €1,000 | -€338 | -25.3% |
| Remuneration, social security and pensions | 62 | €35,456 | - | -€35,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,618 | €3,981 | +€2,363 | +146% |
| Other operating charges | 640/8 | €274 | - | -€274 | |
| Gross operating margin | 9900 | €9,280 | €28,680 | +€19,400 | +209% |
| Operating profit (loss) | 9901 | -€28,068 | €24,700 | +€52,768 | |
| Financial income | 75/76B | €62 | €0 | -€61 | -99.7% |
| Recurring financial income | 75 | €62 | €0 | -€61 | -99.7% |
| Financial charges | 65/66B | €517 | €704 | +€188 | +36.3% |
| Recurring financial charges | 65 | €517 | €704 | +€188 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,523 | €23,995 | +€52,519 | |
| Profit (loss) for the period | 9904 | -€28,523 | €23,995 | +€52,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,523 | €23,995 | +€52,519 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.