NAPATEC: 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
NAPATEC
NACE 43.990, Other specialised construction activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€10,668
2023 · -€248,853+€238,184
Equity
€2.5m
2023 · €3.4m-€866,917
Cash
€822,320
2023 · €739,306+€83,014
Balance sheet total
€7.8m
2023 · €7.7m+€114,089
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+20.3%), from €5.6m to €6.8m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets -€954,052
down €954,052 (-82.4%), from €1.2m to €204,256
of which Plant, machinery and equipment: -€918,153
- Deferred charges and accrued income -€145,791
down €145,791 (-91.4%), from €159,457 to €13,666
- Cash +€83,014
up €83,014 (+11.2%), from €739,306 to €822,320
mainly Investment in fixed assets (net) (+€892,642) and Trade debts (+€805,288)
Equity and liabilities
- Revaluation surpluses -€856,248
down €856,248 (-100.0%), from €856,248 to €0
- Trade debts +€805,288
up €805,288 (+64.0%), from €1.3m to €2.1m
- Other debts +€385,929
new in 2024: €385,929
- Debts after one year -€95,683
down €95,683 (-48.9%), from €195,579 to €99,897
- Current portion of long-term debt -€84,057
down €84,057 (-37.0%), from €227,487 to €143,430
Income statement
- Goods and materials +€1.7m
up €1.7m (+11.8%), from €14.1m to €15.7m
- Turnover +€1.2m
up €1.2m (+6.5%), from €18.4m to €19.6m
- Services and other goods +€361,093
up €361,093 (+19.4%), from €1.9m to €2.2m
- Staff costs -€357,594
down €357,594 (-12.8%), from €2.8m to €2.4m
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
-€248,853
Turnover
+€1.2m
Other operating income
-€599
Goods and materials
-€1.7m
Services and other goods
-€361,093
Staff costs
+€357,594
Depreciation
+€146,994
Other operating charges
-€5,586
Other operating items
+€649,663
Financial income
+€13,380
Financial charges
-€44,116
Taxes
-€53,063
Result 2024
-€10,668
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.
From operations
+€260,122
Investment
+€892,642
Financing
-€1.1m
Cash 2023
€739,306
From operations (derived)
+€260,122
Net result for the year
-€10,668
Depreciation
+€74,386
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€145,791
Trade debts
+€805,288
Tax, wage and social debts
+€6,381
Other debts
+€385,929
Accrued charges and deferred income
-€3,090
Investment (derived)
+€892,642
Investment in fixed assets (net)
+€892,642
Financing
-€1.1m
Debts after one year
-€95,683
Current portion of long-term debt
-€84,057
Short-term financial debts
-€33,761
Contributions, distributions and other
-€856,248
Cash 2024
€822,320
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,702,748 | €7,816,837 | +€114,089 | +1.5% |
| Fixed assets | 21/28 | €1,182,400 | €215,372 | -€967,028 | -81.8% |
| Intangible fixed assets | 21 | €23,816 | €10,841 | -€12,975 | -54.5% |
| Tangible fixed assets | 22/27 | €1,158,309 | €204,256 | -€954,052 | -82.4% |
| Plant, machinery and equipment | 23 | €948,967 | €30,813 | -€918,153 | -96.8% |
| Furniture and vehicles | 24 | €41,073 | €41,509 | +€435 | +1.1% |
| Leasing and similar rights | 25 | €30,026 | €23,286 | -€6,740 | -22.4% |
| Other tangible fixed assets | 26 | €138,243 | €108,649 | -€29,594 | -21.4% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Other financial fixed assets | 284/8 | €275 | €275 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €6,520,348 | €7,601,465 | +€1.1m | +16.6% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,621,585 | €6,765,479 | +€1.1m | +20.3% |
| Trade receivables | 40 | €4,418,199 | €4,489,579 | +€71,379 | +1.6% |
| Other amounts receivable | 41 | €1,203,386 | €2,275,900 | +€1.1m | +89.1% |
| Cash at bank and in hand | 54/58 | €739,306 | €822,320 | +€83,014 | +11.2% |
| Deferred charges and accrued income | 490/1 | €159,457 | €13,666 | -€145,791 | -91.4% |
| Total equity and liabilities | 10/49 | €7,702,748 | €7,816,837 | +€114,089 | +1.5% |
| Equity | 10/15 | €3,358,982 | €2,492,065 | -€866,917 | -25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €856,248 | €0 | -€856,248 | -100.0% |
| Reserves | 13 | €2,484,133 | €2,473,465 | -€10,668 | -0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,463,523 | €2,452,855 | -€10,668 | -0.4% |
| Amounts payable | 17/49 | €4,343,766 | €5,324,772 | +€981,006 | +22.6% |
| Amounts payable after more than one year | 17 | €195,579 | €99,897 | -€95,683 | -48.9% |
| Financial debts | 170/4 | €195,579 | €99,897 | -€95,683 | -48.9% |
| Leasing and similar obligations | 172 | €23,910 | €17,292 | -€6,617 | -27.7% |
| Credit institutions | 173 | €171,670 | €82,604 | -€89,065 | -51.9% |
| Amounts payable within one year | 42/48 | €4,145,097 | €5,224,875 | +€1.1m | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €227,487 | €143,430 | -€84,057 | -37.0% |
| Financial debts | 43 | €2,433,761 | €2,400,000 | -€33,761 | -1.4% |
| Credit institutions | 430/8 | €2,433,761 | €2,400,000 | -€33,761 | -1.4% |
| Trade debts | 44 | €1,258,655 | €2,063,943 | +€805,288 | +64.0% |
| Suppliers | 440/4 | €1,258,655 | €2,063,943 | +€805,288 | +64.0% |
| Taxes, remuneration and social security | 45 | €225,193 | €231,574 | +€6,381 | +2.8% |
| Taxes | 450/3 | €66,177 | €93,899 | +€27,721 | +41.9% |
| Remuneration and social security | 454/9 | €159,016 | €137,676 | -€21,340 | -13.4% |
| Other amounts payable | 47/48 | - | €385,929 | +€385,929 | |
| Accrued charges and deferred income | 492/3 | €3,090 | €0 | -€3,090 | -100.0% |
| Operating income | 70/76A | €18,815,610 | €20,658,129 | +€1.8m | +9.8% |
| Turnover | 70 | €18,436,651 | €19,630,105 | +€1.2m | +6.5% |
| Other operating income | 74 | €96,821 | €96,222 | -€599 | -0.6% |
| Non-recurring operating income | 76A | €282,138 | €931,801 | +€649,663 | +230.3% |
| Operating charges | 60/66A | €18,955,581 | €20,476,116 | +€1.5m | +8.0% |
| Goods for resale, raw materials and consumables | 60 | €14,057,869 | €15,716,313 | +€1.7m | +11.8% |
| Purchases | 600/8 | €14,057,869 | €15,716,313 | +€1.7m | +11.8% |
| Services and other goods | 61 | €1,857,526 | €2,218,619 | +€361,093 | +19.4% |
| Remuneration, social security and pensions | 62 | €2,803,821 | €2,446,228 | -€357,594 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,380 | €74,386 | -€146,994 | -66.4% |
| Other operating charges | 640/8 | €14,985 | €20,571 | +€5,586 | +37.3% |
| Operating profit (loss) | 9901 | -€139,971 | €182,012 | +€321,983 | |
| Financial income | 75/76B | €9,534 | €22,914 | +€13,380 | +140.3% |
| Recurring financial income | 75 | €9,534 | €22,914 | +€13,380 | +140.3% |
| Income from current assets | 751 | €9,534 | €21,324 | +€11,790 | +123.7% |
| Other financial income | 752/9 | €0 | €1,590 | +€1,590 | +1445154.5% |
| Financial charges | 65/66B | €116,509 | €160,625 | +€44,116 | +37.9% |
| Recurring financial charges | 65 | €116,509 | €160,625 | +€44,116 | +37.9% |
| Debt charges | 650 | €116,176 | €159,305 | +€43,129 | +37.1% |
| Other financial charges | 652/9 | €333 | €1,320 | +€986 | +295.8% |
| Profit (loss) for the period before taxes | 9903 | -€246,946 | €44,302 | +€291,248 | |
| Income taxes | 67/77 | €1,907 | €54,970 | +€53,063 | +2783.1% |
| Taxes | 670/3 | €1,907 | €54,970 | +€53,063 | +2783.1% |
| Profit (loss) for the period | 9904 | -€248,853 | -€10,668 | +€238,184 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€248,853 | -€10,668 | +€238,184 | +95.7% |
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 7 October 2026 via checked.be.