MIGSA CONSTRUCT: 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.
MIGSA CONSTRUCT
Largest movements
- Receivables within one year -€17,198
down €17,198 (-22.0%), from €78,153 to €60,956
of which Trade receivables: -€17,573
- Cash -€12,965
down €12,965 (-99.9%), from €12,979 to €15
mainly Net result for the year (-€23,685) and Tax, wage and social debts (-€4,117)
- Tangible fixed assets -€2,317
down €2,317 (-84.7%), from €2,734 to €417
- Profit (loss) carried forward -€23,685
down €23,685 (-55.9%), from €42,367 to €18,683
- Tax, wage and social debts -€4,117
no longer reported in 2023 (was €4,117)
- Other debts -€3,880
down €3,880 (-45.2%), from €8,581 to €4,701
- Gross operating margin -€39,771
down €39,771, from €22,357 to -€17,414
- Turnover -€24,828
down €24,828 (-11.1%), from €223,850 to €199,022
- Purchases and services +€14,942
up €14,942 (+7.4%), from €201,493 to €216,435
- Taxes -€4,203
no longer reported in 2023 (was €4,203)
- Financial charges +€2,405
up €2,405 (+4278.9%), from €56 to €2,461
of which Non-recurring financial charges: +€2,388
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,866 | €61,388 | -€32,479 | -34.6% |
| Fixed assets | 21/28 | €2,734 | €417 | -€2,317 | -84.7% |
| Tangible fixed assets | 22/27 | €2,734 | €417 | -€2,317 | -84.7% |
| Furniture and vehicles | 24 | €2,734 | €417 | -€2,317 | -84.7% |
| Current assets | 29/58 | €91,133 | €60,971 | -€30,162 | -33.1% |
| Amounts receivable within one year | 40/41 | €78,153 | €60,956 | -€17,198 | -22.0% |
| Trade receivables | 40 | €78,153 | €60,581 | -€17,573 | -22.5% |
| Other amounts receivable | 41 | - | €375 | +€375 | |
| Cash at bank and in hand | 54/58 | €12,979 | €15 | -€12,965 | -99.9% |
| Total equity and liabilities | 10/49 | €93,866 | €61,388 | -€32,479 | -34.6% |
| Equity | 10/15 | €42,963 | €19,278 | -€23,685 | -55.1% |
| Reserves | 13 | €596 | €596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €596 | €596 | = | 0.0% |
| Reserves not available under the articles | 1311 | €596 | €596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,367 | €18,683 | -€23,685 | -55.9% |
| Amounts payable | 17/49 | €50,903 | €42,109 | -€8,794 | -17.3% |
| Amounts payable within one year | 42/48 | €50,903 | €42,109 | -€8,794 | -17.3% |
| Trade debts | 44 | €38,205 | €37,408 | -€797 | -2.1% |
| Suppliers | 440/4 | €38,205 | €37,408 | -€797 | -2.1% |
| Taxes, remuneration and social security | 45 | €4,117 | - | -€4,117 | |
| Taxes | 450/3 | €4,117 | - | -€4,117 | |
| Other amounts payable | 47/48 | €8,581 | €4,701 | -€3,880 | -45.2% |
| Turnover | 70 | €223,850 | €199,022 | -€24,828 | -11.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €201,493 | €216,435 | +€14,942 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,966 | €2,317 | -€650 | -21.9% |
| Other operating charges | 640/8 | €2,523 | €1,493 | -€1,029 | -40.8% |
| Gross operating margin | 9900 | €22,357 | -€17,414 | -€39,771 | |
| Operating profit (loss) | 9901 | €16,868 | -€21,223 | -€38,092 | |
| Financial charges | 65/66B | €56 | €2,461 | +€2,405 | +4278.9% |
| Recurring financial charges | 65 | €56 | €73 | +€17 | +30.2% |
| Non-recurring financial charges | 66B | - | €2,388 | +€2,388 | |
| Profit (loss) for the period before taxes | 9903 | €16,812 | -€23,685 | -€40,497 | |
| Income taxes | 67/77 | €4,203 | - | -€4,203 | |
| Profit (loss) for the period | 9904 | €12,609 | -€23,685 | -€36,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,609 | -€23,685 | -€36,294 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.