N-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.
N-Construct
Largest movements
- Cash -€14,904
down €14,904 (-13.9%), from €107,022 to €92,118
mainly Net result for the year (-€12,250) and Other debts (-€2,509)
- Reserves -€9,002
down €9,002 (-100.0%), from €9,002 to €0
- Profit (loss) carried forward -€3,248
down €3,248, from €0 to -€3,248
- Other debts -€2,509
down €2,509 (-11.8%), from €21,213 to €18,704
- Trade debts -€2,051
down €2,051 (-92.1%), from €2,227 to €176
- Gross operating margin -€11,072
down €11,072, from €33 to -€11,040
- Financial charges -€8,885
down €8,885 (-99.3%), from €8,952 to €67
- Financial income -€232
down €232 (-100.0%), from €232 to €0
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 | €133,533 | €118,497 | -€15,036 | -11.3% |
| Fixed assets | 21/28 | €23,000 | €23,000 | = | 0.0% |
| Financial fixed assets | 28 | €23,000 | €23,000 | = | 0.0% |
| Current assets | 29/58 | €110,533 | €95,497 | -€15,036 | -13.6% |
| Stocks and contracts in progress | 3 | €1,446 | €1,866 | +€420 | +29.1% |
| Stocks | 30/36 | €1,446 | €1,866 | +€420 | +29.1% |
| Amounts receivable within one year | 40/41 | €2,065 | €1,513 | -€552 | -26.7% |
| Trade receivables | 40 | €2,060 | €1,513 | -€548 | -26.6% |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100.0% |
| Cash at bank and in hand | 54/58 | €107,022 | €92,118 | -€14,904 | -13.9% |
| Total equity and liabilities | 10/49 | €133,533 | €118,497 | -€15,036 | -11.3% |
| Equity | 10/15 | €109,002 | €96,752 | -€12,250 | -11.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €9,002 | €0 | -€9,002 | -100.0% |
| Distributable reserves | 133 | €9,002 | €0 | -€9,002 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,248 | -€3,248 | |
| Amounts payable | 17/49 | €24,531 | €21,745 | -€2,786 | -11.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,440 | €19,666 | -€3,774 | -16.1% |
| Trade debts | 44 | €2,227 | €176 | -€2,051 | -92.1% |
| Suppliers | 440/4 | €2,227 | €176 | -€2,051 | -92.1% |
| Taxes, remuneration and social security | 45 | €0 | €786 | +€786 | |
| Taxes | 450/3 | €0 | €786 | +€786 | |
| Other amounts payable | 47/48 | €21,213 | €18,704 | -€2,509 | -11.8% |
| Accrued charges and deferred income | 492/3 | €1,091 | €2,079 | +€988 | +90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,225 | €1,144 | -€82 | -6.7% |
| Gross operating margin | 9900 | €33 | -€11,040 | -€11,072 | |
| Operating profit (loss) | 9901 | -€1,193 | -€12,183 | -€10,990 | -921.5% |
| Financial income | 75/76B | €232 | €0 | -€232 | -100.0% |
| Recurring financial income | 75 | €232 | €0 | -€232 | -100.0% |
| Financial charges | 65/66B | €8,952 | €67 | -€8,885 | -99.3% |
| Recurring financial charges | 65 | €8,952 | €67 | -€8,885 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,912 | -€12,250 | -€2,338 | -23.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,912 | -€12,250 | -€2,338 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,912 | -€12,250 | -€2,338 | -23.6% |
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 28 September 2026 via checked.be.