MATH PLASTER SOLUTIONS: 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.
What changed
MATH PLASTER SOLUTIONS
NACE 42.110, Construction of roads and motorways
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€7,028
2023 · -€1,905-€5,123
Equity
-€4,390
2023 · €2,637-€7,028
Cash
€129
2023 · €2,010-€1,881
Balance sheet total
€31,509
2023 · €27,261+€4,248
Largest movements
Assets
- Receivables within one year +€11,119
up €11,119 (+108%), from €10,282 to €21,400
of which Trade receivables: +€6,495
- Tangible fixed assets -€4,990
down €4,990 (-33.3%), from €14,969 to €9,980
of which Furniture and vehicles: -€4,990
- Cash -€1,881
down €1,881 (-93.6%), from €2,010 to €129
mainly Receivables within one year (-€11,119) and Net result for the year (-€7,028)
Equity and liabilities
- Short-term financial debts +€9,998
up €9,998 (+8,254%), from €121 to €10,119
of which Credit institutions: +€9,998
- Profit (loss) carried forward -€7,028
down €7,028, from €637 to -€6,390
- Debts after one year -€4,376
down €4,376 (-24.3%), from €17,994 to €13,618
of which Financial debts: -€4,376
- Tax, wage and social debts +€2,579
up €2,579 (+304%), from €847 to €3,426
of which Taxes: +€2,579
- Current portion of long-term debt +€2,304
new in 2024: €2,304
Income statement
- Turnover -€90,941
no longer reported in 2024 (was €90,941)
- Purchases and services -€13,678
down €13,678 (-15.9%), from €85,954 to €72,276
- Taxes +€3,291
new in 2024: €3,291
- Financial charges +€1,776
up €1,776 (+130%), from €1,368 to €3,144
- Other operating charges +€1,197
up €1,197 (+225%), from €533 to €1,730
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.
Result 2023
-€1,905
Gross operating margin
+€1,141
Other operating charges
-€1,197
Financial charges
-€1,776
Taxes
-€3,291
Result 2024
-€7,028
raises the resultlowers the result
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.
From operations
-€9,807
Investment
€0
Financing
+€7,927
Cash 2023
€2,010
From operations (derived)
-€9,807
Net result for the year
-€7,028
Depreciation
+€4,990
Receivables within one year
-€11,119
Trade debts
-€998
Tax, wage and social debts
+€2,579
Other debts
+€1,768
Financing
+€7,927
Debts after one year
-€4,376
Current portion of long-term debt
+€2,304
Short-term financial debts
+€9,998
Cash 2024
€129
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,261 | €31,509 | +€4,248 | +15.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €14,969 | €9,980 | -€4,990 | -33.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,969 | €9,980 | -€4,990 | -33.3% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €14,969 | €9,980 | -€4,990 | -33.3% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €12,292 | €21,530 | +€9,238 | +75.2% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €10,282 | €21,400 | +€11,119 | +108% |
| Trade receivables | 40 | €9,289 | €15,784 | +€6,495 | +69.9% |
| Other amounts receivable | 41 | €993 | €5,616 | +€4,623 | +466% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,010 | €129 | -€1,881 | -93.6% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €27,261 | €31,509 | +€4,248 | +15.6% |
| Equity | 10/15 | €2,637 | -€4,390 | -€7,028 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €637 | -€6,390 | -€7,028 | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €24,623 | €35,900 | +€11,276 | +45.8% |
| Amounts payable after more than one year | 17 | €17,994 | €13,618 | -€4,376 | -24.3% |
| Financial debts | 170/4 | €17,994 | €13,618 | -€4,376 | -24.3% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €6,630 | €22,282 | +€15,652 | +236% |
| Current portion of amounts payable after more than one year | 42 | - | €2,304 | +€2,304 | |
| Financial debts | 43 | €121 | €10,119 | +€9,998 | +8,254% |
| Credit institutions | 430/8 | €121 | €10,119 | +€9,998 | +8,254% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €998 | €0 | -€998 | -100% |
| Suppliers | 440/4 | €998 | €0 | -€998 | -100% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €847 | €3,426 | +€2,579 | +304% |
| Taxes | 450/3 | €847 | €3,426 | +€2,579 | +304% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €4,663 | €6,432 | +€1,768 | +37.9% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €90,941 | - | -€90,941 | |
| Goods, raw materials, services and sundry goods | 60/61 | €85,954 | €72,276 | -€13,678 | -15.9% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €4,990 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €533 | €1,730 | +€1,197 | +225% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €4,987 | €6,128 | +€1,141 | +22.9% |
| Operating profit (loss) | 9901 | -€536 | -€592 | -€56 | -10.4% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €1,368 | €3,144 | +€1,776 | +130% |
| Recurring financial charges | 65 | €1,368 | €3,144 | +€1,776 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€1,905 | -€3,736 | -€1,832 | -96.2% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | - | €3,291 | +€3,291 | |
| Profit (loss) for the period | 9904 | -€1,905 | -€7,028 | -€5,123 | -269% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,905 | -€7,028 | -€5,123 | -269% |
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 14 October 2026 via checked.be.