JOAQUIM 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.
JOAQUIM CONSTRUCT
Largest movements
- Cash +€33,517
up €33,517 (+613.2%), from €5,466 to €38,983
mainly Receivables within one year (+€24,316) and Net result for the year (+€12,263)
- Receivables within one year -€24,316
down €24,316 (-20.2%), from €120,102 to €95,786
of which Trade receivables: -€41,957
- Tangible fixed assets -€5,325
down €5,325 (-57.1%), from €9,319 to €3,994
- Profit (loss) carried forward +€12,263
up €12,263 (+15.3%), from €80,022 to €92,285
- Tax, wage and social debts -€9,068
down €9,068 (-73.3%), from €12,364 to €3,296
of which Taxes: -€8,568
- Trade debts +€6,649
up €6,649 (+36.1%), from €18,414 to €25,062
- Debts after one year -€5,273
down €5,273 (-56.7%), from €9,293 to €4,019
- Gross operating margin +€24,642
up €24,642, from -€6,514 to €18,128
- Financial income +€602
up €602 (+33.0%), from €1,821 to €2,423
- Financial charges +€341
up €341 (+17.6%), from €1,937 to €2,278
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 | €137,207 | €141,083 | +€3,876 | +2.8% |
| Fixed assets | 21/28 | €10,369 | €5,044 | -€5,325 | -51.4% |
| Tangible fixed assets | 22/27 | €9,319 | €3,994 | -€5,325 | -57.1% |
| Furniture and vehicles | 24 | €9,319 | €3,994 | -€5,325 | -57.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €126,838 | €136,039 | +€9,201 | +7.3% |
| Amounts receivable within one year | 40/41 | €120,102 | €95,786 | -€24,316 | -20.2% |
| Trade receivables | 40 | €70,110 | €28,154 | -€41,957 | -59.8% |
| Other amounts receivable | 41 | €49,992 | €67,632 | +€17,641 | +35.3% |
| Cash at bank and in hand | 54/58 | €5,466 | €38,983 | +€33,517 | +613.2% |
| Deferred charges and accrued income | 490/1 | €1,270 | €1,270 | = | 0.0% |
| Total equity and liabilities | 10/49 | €137,207 | €141,083 | +€3,876 | +2.8% |
| Equity | 10/15 | €88,082 | €100,345 | +€12,263 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,022 | €92,285 | +€12,263 | +15.3% |
| Amounts payable | 17/49 | €49,124 | €40,737 | -€8,387 | -17.1% |
| Amounts payable after more than one year | 17 | €9,293 | €4,019 | -€5,273 | -56.7% |
| Financial debts | 170/4 | €9,293 | €4,019 | -€5,273 | -56.7% |
| Amounts payable within one year | 42/48 | €39,382 | €36,718 | -€2,664 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €8,604 | €8,360 | -€244 | -2.8% |
| Trade debts | 44 | €18,414 | €25,062 | +€6,649 | +36.1% |
| Suppliers | 440/4 | €18,414 | €25,062 | +€6,649 | +36.1% |
| Taxes, remuneration and social security | 45 | €12,364 | €3,296 | -€9,068 | -73.3% |
| Taxes | 450/3 | €10,864 | €2,296 | -€8,568 | -78.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,000 | -€500 | -33.3% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,325 | €5,325 | = | 0.0% |
| Other operating charges | 640/8 | €562 | €685 | +€123 | +21.8% |
| Gross operating margin | 9900 | -€6,514 | €18,128 | +€24,642 | |
| Operating profit (loss) | 9901 | -€12,402 | €12,118 | +€24,520 | |
| Financial income | 75/76B | €1,821 | €2,423 | +€602 | +33.0% |
| Recurring financial income | 75 | €1,821 | €2,423 | +€602 | +33.0% |
| Financial charges | 65/66B | €1,937 | €2,278 | +€341 | +17.6% |
| Recurring financial charges | 65 | €1,937 | €2,278 | +€341 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,517 | €12,263 | +€24,781 | |
| Profit (loss) for the period | 9904 | -€12,517 | €12,263 | +€24,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,517 | €12,263 | +€24,781 |
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 1 October 2026 via checked.be.