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MADE SOLUTION: 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.

What changed

MADE SOLUTION

BE 0727.980.050
NACE 41.001, General construction of residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3,432
2023 · €5,350-€1,918
Equity
€41,245
2023 · €37,813+€3,432
Cash
€12,468
2023 · €8,315+€4,154
Balance sheet total
€60,207
2023 · €46,753+€13,455

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€11,603

    up €11,603 (+34.5%), from €33,679 to €45,281

    of which Trade receivables: +€9,463

  • Cash +€4,154

    up €4,154 (+50.0%), from €8,315 to €12,468

    mainly Trade debts (+€12,073) and Depreciation (+€8,043)

  • Tangible fixed assets -€2,821

    down €2,821 (-79.1%), from €3,568 to €747

    of which Leasing and similar rights: -€2,207

Equity and liabilities
  • Trade debts +€12,073

    up €12,073 (+316.2%), from €3,818 to €15,891

  • Profit (loss) carried forward +€3,432

    up €3,432 (+10.8%), from €31,813 to €35,245

  • Tax, wage and social debts -€2,050

    down €2,050 (-40.0%), from €5,122 to €3,072

    of which Remuneration and social security: -€1,820

Income statement
  • Turnover +€228,304

    new in 2024: €228,304

  • Purchases and services +€214,084

    new in 2024: €214,084

  • Depreciation +€3,515

    up €3,515 (+77.6%), from €4,528 to €8,043

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €5,350
Gross operating margin -€2,235
Depreciation -€3,515
Other operating charges +€1,509
Financial charges +€1,325
Taxes +€997
Result 2024 €3,432

Cash bridge derived

cash 2023 to 2024

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.

From operations +€9,376
Investment -€5,223
Financing €0
Cash 2023 €8,315
Net result for the year +€3,432
Depreciation +€8,043
Receivables within one year -€11,603
Deferred charges and accrued income -€519
Trade debts +€12,073
Tax, wage and social debts -€2,050
Investment in fixed assets (net) -€5,223
Cash 2024 €12,468
Every line side by side 37 lines
Line Code 2023 2024 Change %
Total assets 20/58 €46,753 €60,207 +€13,455 +28.8%
Fixed assets 21/28 €3,688 €867 -€2,821 -76.5%
Tangible fixed assets 22/27 €3,568 €747 -€2,821 -79.1%
Plant, machinery and equipment 23 €1,361 €747 -€613 -45.1%
Leasing and similar rights 25 €2,207 - -€2,207
Financial fixed assets 28 €120 €120 = 0.0%
Current assets 29/58 €43,065 €59,340 +€16,275 +37.8%
Amounts receivable within one year 40/41 €33,679 €45,281 +€11,603 +34.5%
Trade receivables 40 €29,243 €38,706 +€9,463 +32.4%
Other amounts receivable 41 €4,436 €6,575 +€2,139 +48.2%
Cash at bank and in hand 54/58 €8,315 €12,468 +€4,154 +50.0%
Deferred charges and accrued income 490/1 €1,071 €1,591 +€519 +48.5%
Total equity and liabilities 10/49 €46,753 €60,207 +€13,455 +28.8%
Equity 10/15 €37,813 €41,245 +€3,432 +9.1%
Contributions 10/11 €6,000 €6,000 = 0.0%
Outside capital 11 €6,000 - -€6,000
Other 1109/19 €6,000 - -€6,000
Profit (loss) carried forward 14 €31,813 €35,245 +€3,432 +10.8%
Amounts payable 17/49 €8,939 €18,962 +€10,023 +112.1%
Amounts payable within one year 42/48 €8,939 €18,962 +€10,023 +112.1%
Trade debts 44 €3,818 €15,891 +€12,073 +316.2%
Suppliers 440/4 €3,818 €15,891 +€12,073 +316.2%
Taxes, remuneration and social security 45 €5,122 €3,072 -€2,050 -40.0%
Taxes 450/3 €242 €12 -€230 -95.1%
Remuneration and social security 454/9 €4,880 €3,060 -€1,820 -37.3%
Turnover 70 - €228,304 +€228,304
Goods, raw materials, services and sundry goods 60/61 - €214,084 +€214,084
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4,528 €8,043 +€3,515 +77.6%
Other operating charges 640/8 €2,808 €1,299 -€1,509 -53.7%
Gross operating margin 9900 €16,455 €14,220 -€2,235 -13.6%
Operating profit (loss) 9901 €9,118 €4,878 -€4,240 -46.5%
Financial charges 65/66B €1,404 €79 -€1,325 -94.3%
Recurring financial charges 65 €1,404 €79 -€1,325 -94.3%
Profit (loss) for the period before taxes 9903 €7,714 €4,799 -€2,916 -37.8%
Income taxes 67/77 €2,364 €1,367 -€997 -42.2%
Profit (loss) for the period 9904 €5,350 €3,432 -€1,918 -35.9%
Profit (loss) for the period to be appropriated 9905 €5,350 €3,432 -€1,918 -35.9%

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 29 September 2026 via checked.be.