IACOB 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.
IACOB CONSTRUCT
Largest movements
- Receivables within one year -€148,133
down €148,133 (-72.7%), from €203,832 to €55,698
of which Trade receivables: -€124,924
- Receivables after one year +€58,503
up €58,503 (+180.6%), from €32,397 to €90,899
- Stocks and contracts -€27,500
down €27,500 (-49.9%), from €55,150 to €27,650
- Cash -€20,774
down €20,774 (-88.5%), from €23,468 to €2,694
mainly Trade debts (-€145,581) and Receivables after one year (-€58,503)
- Tangible fixed assets +€17,278
up €17,278 (+78.5%), from €22,023 to €39,301
of which Furniture and vehicles: +€16,900
- Trade debts -€145,581
down €145,581 (-82.2%), from €177,206 to €31,626
- Profit (loss) carried forward +€46,246
up €46,246 (+41.0%), from €112,796 to €159,042
- Tax, wage and social debts -€34,430
down €34,430 (-95.9%), from €35,887 to €1,457
- Debts after one year +€9,551
new in 2024: €9,551
- Current portion of long-term debt +€7,551
new in 2024: €7,551
- Gross operating margin -€71,693
down €71,693 (-52.4%), from €136,947 to €65,254
- Taxes -€32,465
down €32,465, from €22,531 to -€9,934
- Staff costs -€21,873
down €21,873 (-50.2%), from €43,612 to €21,739
- Depreciation +€6,510
up €6,510 (+165.3%), from €3,937 to €10,447
- Financial income +€6,167
up €6,167 (+818.6%), from €753 to €6,921
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 | €336,900 | €217,227 | -€119,673 | -35.5% |
| Fixed assets | 21/28 | €22,023 | €39,301 | +€17,278 | +78.5% |
| Tangible fixed assets | 22/27 | €22,023 | €39,301 | +€17,278 | +78.5% |
| Plant, machinery and equipment | 23 | €1,703 | €2,081 | +€378 | +22.2% |
| Furniture and vehicles | 24 | €20,320 | €37,221 | +€16,900 | +83.2% |
| Current assets | 29/58 | €314,877 | €177,925 | -€136,951 | -43.5% |
| Amounts receivable after more than one year | 29 | €32,397 | €90,899 | +€58,503 | +180.6% |
| Other amounts receivable | 291 | €32,397 | €90,899 | +€58,503 | +180.6% |
| Stocks and contracts in progress | 3 | €55,150 | €27,650 | -€27,500 | -49.9% |
| Stocks | 30/36 | €55,150 | €27,650 | -€27,500 | -49.9% |
| Amounts receivable within one year | 40/41 | €203,832 | €55,698 | -€148,133 | -72.7% |
| Trade receivables | 40 | €156,263 | €31,340 | -€124,924 | -79.9% |
| Other amounts receivable | 41 | €47,568 | €24,359 | -€23,209 | -48.8% |
| Cash at bank and in hand | 54/58 | €23,468 | €2,694 | -€20,774 | -88.5% |
| Deferred charges and accrued income | 490/1 | €31 | €984 | +€953 | +3074.7% |
| Total equity and liabilities | 10/49 | €336,900 | €217,227 | -€119,673 | -35.5% |
| Equity | 10/15 | €120,796 | €167,042 | +€46,246 | +38.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | - | -€8,000 | |
| Other | 1109/19 | €8,000 | - | -€8,000 | |
| Profit (loss) carried forward | 14 | €112,796 | €159,042 | +€46,246 | +41.0% |
| Amounts payable | 17/49 | €216,104 | €50,185 | -€165,919 | -76.8% |
| Amounts payable after more than one year | 17 | - | €9,551 | +€9,551 | |
| Financial debts | 170/4 | - | €9,551 | +€9,551 | |
| Amounts payable within one year | 42/48 | €216,104 | €40,634 | -€175,470 | -81.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,551 | +€7,551 | |
| Financial debts | 43 | €3,011 | €0 | -€3,011 | -100.0% |
| Credit institutions | 430/8 | €3,011 | €0 | -€3,011 | -100.0% |
| Trade debts | 44 | €177,206 | €31,626 | -€145,581 | -82.2% |
| Suppliers | 440/4 | €177,206 | €31,626 | -€145,581 | -82.2% |
| Taxes, remuneration and social security | 45 | €35,887 | €1,457 | -€34,430 | -95.9% |
| Taxes | 450/3 | €35,887 | €1,457 | -€34,430 | -95.9% |
| Remuneration, social security and pensions | 62 | €43,612 | €21,739 | -€21,873 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,937 | €10,447 | +€6,510 | +165.3% |
| Other operating charges | 640/8 | €1,633 | €1,155 | -€478 | -29.3% |
| Gross operating margin | 9900 | €136,947 | €65,254 | -€71,693 | -52.4% |
| Operating profit (loss) | 9901 | €87,765 | €31,913 | -€55,853 | -63.6% |
| Financial income | 75/76B | €753 | €6,921 | +€6,167 | +818.6% |
| Recurring financial income | 75 | €753 | €6,921 | +€6,167 | +818.6% |
| Financial charges | 65/66B | €890 | €2,521 | +€1,632 | +183.4% |
| Recurring financial charges | 65 | €890 | €2,521 | +€1,632 | +183.4% |
| Profit (loss) for the period before taxes | 9903 | €87,629 | €36,312 | -€51,317 | -58.6% |
| Income taxes | 67/77 | €22,531 | -€9,934 | -€32,465 | |
| Profit (loss) for the period | 9904 | €65,098 | €46,246 | -€18,852 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,098 | €46,246 | -€18,852 | -29.0% |
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 9 October 2026 via checked.be.