JF PIETTE 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.
JF PIETTE CONSTRUCTION
Largest movements
- Receivables within one year +€13,294
up €13,294 (+29.2%), from €45,477 to €58,771
of which Other amounts receivable: +€21,764
- Cash +€3,089
up €3,089 (+30.1%), from €10,271 to €13,360
mainly Other debts (+€16,978) and Net result for the year (+€13,531)
- Tangible fixed assets -€917
down €917 (-39.9%), from €2,300 to €1,382
- Other debts +€16,978
up €16,978 (+28.9%), from €58,804 to €75,782
- Trade debts -€16,072
down €16,072 (-83.1%), from €19,336 to €3,264
- Profit (loss) carried forward +€13,531
up €13,531 (+25.7%), from -€52,714 to -€39,184
- Tax, wage and social debts +€1,646
up €1,646 (+17.7%), from €9,323 to €10,969
of which Remuneration and social security: +€1,800
- Financial charges -€5,870
down €5,870 (-72.0%), from €8,151 to €2,280
- Other operating charges -€4,154
down €4,154 (-48.2%), from €8,616 to €4,462
- Financial income -€2,662
down €2,662 (-95.7%), from €2,782 to €120
- Gross operating margin -€2,595
down €2,595 (-10.9%), from €23,828 to €21,234
- Staff costs -€991
no longer reported in 2024 (was €991)
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
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 | €58,413 | €73,892 | +€15,479 | +26.5% |
| Fixed assets | 21/28 | €2,300 | €1,382 | -€917 | -39.9% |
| Tangible fixed assets | 22/27 | €2,300 | €1,382 | -€917 | -39.9% |
| Furniture and vehicles | 24 | €2,300 | €1,382 | -€917 | -39.9% |
| Current assets | 29/58 | €56,113 | €72,509 | +€16,396 | +29.2% |
| Amounts receivable within one year | 40/41 | €45,477 | €58,771 | +€13,294 | +29.2% |
| Trade receivables | 40 | €31,978 | €23,508 | -€8,470 | -26.5% |
| Other amounts receivable | 41 | €13,499 | €35,263 | +€21,764 | +161% |
| Cash at bank and in hand | 54/58 | €10,271 | €13,360 | +€3,089 | +30.1% |
| Deferred charges and accrued income | 490/1 | €365 | €378 | +€13 | +3.6% |
| Total equity and liabilities | 10/49 | €58,413 | €73,892 | +€15,479 | +26.5% |
| Equity | 10/15 | -€39,654 | -€26,124 | +€13,531 | +34.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,714 | -€39,184 | +€13,531 | +25.7% |
| Amounts payable | 17/49 | €98,067 | €100,015 | +€1,948 | +2.0% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,067 | €90,015 | +€1,948 | +2.2% |
| Financial debts | 43 | €605 | - | -€605 | |
| Credit institutions | 430/8 | €605 | - | -€605 | |
| Trade debts | 44 | €19,336 | €3,264 | -€16,072 | -83.1% |
| Suppliers | 440/4 | €19,336 | €3,264 | -€16,072 | -83.1% |
| Taxes, remuneration and social security | 45 | €9,323 | €10,969 | +€1,646 | +17.7% |
| Taxes | 450/3 | €7,823 | €7,669 | -€154 | -2.0% |
| Remuneration and social security | 454/9 | €1,500 | €3,300 | +€1,800 | +120% |
| Other amounts payable | 47/48 | €58,804 | €75,782 | +€16,978 | +28.9% |
| Non-recurring operating income | 76A | €7,750 | - | -€7,750 | |
| Remuneration, social security and pensions | 62 | €991 | - | -€991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708 | €917 | -€791 | -46.3% |
| Other operating charges | 640/8 | €8,616 | €4,462 | -€4,154 | -48.2% |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €23,828 | €21,234 | -€2,595 | -10.9% |
| Operating profit (loss) | 9901 | €12,511 | €15,854 | +€3,343 | +26.7% |
| Financial income | 75/76B | €2,782 | €120 | -€2,662 | -95.7% |
| Recurring financial income | 75 | €2,782 | €120 | -€2,662 | -95.7% |
| Financial charges | 65/66B | €8,151 | €2,280 | -€5,870 | -72.0% |
| Recurring financial charges | 65 | €8,151 | €2,280 | -€5,870 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €7,142 | €13,694 | +€6,551 | +91.7% |
| Income taxes | 67/77 | -€9 | €163 | +€172 | |
| Profit (loss) for the period | 9904 | €7,151 | €13,531 | +€6,380 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,151 | €13,531 | +€6,380 | +89.2% |
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 21 October 2026 via checked.be.