MAR - 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.
MAR - CONSTRUCTION
Largest movements
- Receivables within one year +€321,778
up €321,778 (+32.5%), from €989,822 to €1.3m
of which Trade receivables: +€326,347
- Tangible fixed assets +€57,427
up €57,427 (+345%), from €16,653 to €74,080
of which Leasing and similar rights: +€62,809
- Cash -€50,366
down €50,366 (-96.2%), from €52,380 to €2,014
mainly Receivables within one year (-€321,778) and Investment in fixed assets (net) (-€88,085)
- Trade debts +€223,295
up €223,295 (+36.7%), from €608,379 to €831,674
of which Bills of exchange payable: +€221,351
- Reserves +€50,000
up €50,000 (+2,688%), from €1,860 to €51,860
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€39,077
up €39,077 (+79.0%), from €49,478 to €88,555
- Debts after one year +€36,729
new in 2024: €36,729
- Profit (loss) carried forward -€33,386
down €33,386 (-8.4%), from €396,972 to €363,586
- Gross operating margin -€50,565
down €50,565 (-26.6%), from €190,052 to €139,487
- Taxes +€18,803
up €18,803 (+34.9%), from €53,911 to €72,714
- Depreciation +€16,089
up €16,089 (+147%), from €10,969 to €27,058
- Financial income +€4,432
new in 2024: €4,432
- Other operating charges +€4,020
up €4,020 (+138%), from €2,917 to €6,937
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 | €1,062,929 | €1,395,369 | +€332,440 | +31.3% |
| Fixed assets | 21/28 | €20,728 | €81,755 | +€61,027 | +294% |
| Tangible fixed assets | 22/27 | €16,653 | €74,080 | +€57,427 | +345% |
| Plant, machinery and equipment | 23 | €10,432 | €5,001 | -€5,431 | -52.1% |
| Furniture and vehicles | 24 | €6,221 | €6,270 | +€49 | +0.8% |
| Leasing and similar rights | 25 | - | €62,809 | +€62,809 | |
| Financial fixed assets | 28 | €4,075 | €7,675 | +€3,600 | +88.3% |
| Current assets | 29/58 | €1,042,201 | €1,313,614 | +€271,413 | +26.0% |
| Amounts receivable within one year | 40/41 | €989,822 | €1,311,600 | +€321,778 | +32.5% |
| Trade receivables | 40 | €684,488 | €1,010,834 | +€326,347 | +47.7% |
| Other amounts receivable | 41 | €305,334 | €300,766 | -€4,568 | -1.5% |
| Cash at bank and in hand | 54/58 | €52,380 | €2,014 | -€50,366 | -96.2% |
| Total equity and liabilities | 10/49 | €1,062,929 | €1,395,369 | +€332,440 | +31.3% |
| Equity | 10/15 | €405,072 | €421,686 | +€16,614 | +4.1% |
| Contributions | 10/11 | €6,240 | €6,240 | = | 0.0% |
| Reserves | 13 | €1,860 | €51,860 | +€50,000 | +2,688% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €396,972 | €363,586 | -€33,386 | -8.4% |
| Amounts payable | 17/49 | €657,857 | €973,683 | +€315,826 | +48.0% |
| Amounts payable after more than one year | 17 | - | €36,729 | +€36,729 | |
| Financial debts | 170/4 | - | €36,729 | +€36,729 | |
| Amounts payable within one year | 42/48 | €657,857 | €936,954 | +€279,097 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,725 | +€16,725 | |
| Trade debts | 44 | €608,379 | €831,674 | +€223,295 | +36.7% |
| Suppliers | 440/4 | €61,612 | €63,556 | +€1,945 | +3.2% |
| Bills of exchange payable | 441 | €546,767 | €768,118 | +€221,351 | +40.5% |
| Taxes, remuneration and social security | 45 | €49,478 | €88,555 | +€39,077 | +79.0% |
| Taxes | 450/3 | €49,478 | €88,555 | +€39,077 | +79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,969 | €27,058 | +€16,089 | +147% |
| Other operating charges | 640/8 | €2,917 | €6,937 | +€4,020 | +138% |
| Gross operating margin | 9900 | €190,052 | €139,487 | -€50,565 | -26.6% |
| Operating profit (loss) | 9901 | €176,166 | €105,492 | -€70,674 | -40.1% |
| Financial income | 75/76B | - | €4,432 | +€4,432 | |
| Recurring financial income | 75 | - | €4,432 | +€4,432 | |
| Financial charges | 65/66B | €21,896 | €20,596 | -€1,300 | -5.9% |
| Recurring financial charges | 65 | €21,896 | €20,596 | -€1,300 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €154,270 | €89,328 | -€64,942 | -42.1% |
| Income taxes | 67/77 | €53,911 | €72,714 | +€18,803 | +34.9% |
| Profit (loss) for the period | 9904 | €100,359 | €16,614 | -€83,746 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,359 | €16,614 | -€83,746 | -83.4% |
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 13 October 2026 via checked.be.