NEBO: 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
NEBO
NACE 43.990, Other specialised construction activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€42,562
2023 · €65,532-€22,970
Equity
€738,872
2023 · €696,310+€42,562
Cash
€8,334
2023 · -+€8,334
Balance sheet total
€965,748
2023 · €940,060+€25,688
Largest movements
Assets
- Receivables after one year +€50,000
up €50,000 (+16.7%), from €300,000 to €350,000
- Tangible fixed assets -€34,535
down €34,535 (-8.1%), from €424,594 to €390,059
Equity and liabilities
- Trade debts +€59,959
up €59,959 (+198.8%), from €30,163 to €90,122
- Debts after one year -€48,699
down €48,699 (-50.8%), from €95,890 to €47,191
- Profit (loss) carried forward +€42,562
up €42,562 (+6.9%), from €615,858 to €658,420
- Short-term financial debts -€27,313
no longer reported in 2024 (was €27,313)
- Current portion of long-term debt -€11,977
down €11,977 (-19.7%), from €60,676 to €48,699
Income statement
- Staff costs +€21,871
up €21,871 (+11.7%), from €186,827 to €208,698
- Gross operating margin -€5,222
down €5,222 (-1.6%), from €321,188 to €315,966
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
€65,532
Gross operating margin
-€5,222
Staff costs
-€21,871
Depreciation
+€392
Other operating charges
+€2,223
Financial income
-€1,690
Financial charges
+€1,969
Taxes
+€1,231
Result 2024
€42,562
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
+€112,046
Investment
-€15,723
Financing
-€87,989
Cash 2023
€0
From operations (derived)
+€112,046
Net result for the year
+€42,562
Depreciation
+€50,258
Receivables after one year
-€50,000
Stocks and contracts
+€5,749
Receivables within one year
-€7,900
Deferred charges and accrued income
+€262
Trade debts
+€59,959
Tax, wage and social debts
+€11,156
Investment (derived)
-€15,723
Investment in fixed assets (net)
-€15,723
Financing
-€87,989
Debts after one year
-€48,699
Current portion of long-term debt
-€11,977
Short-term financial debts
-€27,313
Cash 2024
€8,334
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €940,060 | €965,748 | +€25,688 | +2.7% |
| Fixed assets | 21/28 | €424,882 | €390,346 | -€34,535 | -8.1% |
| Tangible fixed assets | 22/27 | €424,594 | €390,059 | -€34,535 | -8.1% |
| Land and buildings | 22 | €352,634 | €338,429 | -€14,205 | -4.0% |
| Plant, machinery and equipment | 23 | €53,898 | €36,986 | -€16,912 | -31.4% |
| Furniture and vehicles | 24 | €8,432 | €14,645 | +€6,213 | +73.7% |
| Leasing and similar rights | 25 | €9,631 | €0 | -€9,631 | -100.0% |
| Financial fixed assets | 28 | €287 | €287 | = | 0.0% |
| Current assets | 29/58 | €515,179 | €575,402 | +€60,223 | +11.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Other amounts receivable | 291 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Stocks and contracts in progress | 3 | €82,849 | €77,100 | -€5,749 | -6.9% |
| Contracts in progress | 37 | €82,849 | €77,100 | -€5,749 | -6.9% |
| Amounts receivable within one year | 40/41 | €120,505 | €128,405 | +€7,900 | +6.6% |
| Trade receivables | 40 | €77,561 | €98,077 | +€20,516 | +26.5% |
| Other amounts receivable | 41 | €42,944 | €30,328 | -€12,616 | -29.4% |
| Cash at bank and in hand | 54/58 | - | €8,334 | +€8,334 | |
| Deferred charges and accrued income | 490/1 | €11,825 | €11,564 | -€262 | -2.2% |
| Total equity and liabilities | 10/49 | €940,060 | €965,748 | +€25,688 | +2.7% |
| Equity | 10/15 | €696,310 | €738,872 | +€42,562 | +6.1% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €37,071 | €37,071 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €8,321 | €8,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,858 | €658,420 | +€42,562 | +6.9% |
| Amounts payable | 17/49 | €243,751 | €226,877 | -€16,874 | -6.9% |
| Amounts payable after more than one year | 17 | €95,890 | €47,191 | -€48,699 | -50.8% |
| Financial debts | 170/4 | €95,890 | €47,191 | -€48,699 | -50.8% |
| Amounts payable within one year | 42/48 | €147,861 | €179,686 | +€31,825 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €60,676 | €48,699 | -€11,977 | -19.7% |
| Financial debts | 43 | €27,313 | - | -€27,313 | |
| Credit institutions | 430/8 | €27,313 | - | -€27,313 | |
| Trade debts | 44 | €30,163 | €90,122 | +€59,959 | +198.8% |
| Suppliers | 440/4 | €30,163 | €90,122 | +€59,959 | +198.8% |
| Taxes, remuneration and social security | 45 | €14,709 | €25,865 | +€11,156 | +75.8% |
| Taxes | 450/3 | €7,700 | €19,950 | +€12,250 | +159.1% |
| Remuneration and social security | 454/9 | €7,009 | €5,915 | -€1,094 | -15.6% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €186,827 | €208,698 | +€21,871 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,650 | €50,258 | -€392 | -0.8% |
| Other operating charges | 640/8 | €5,611 | €3,388 | -€2,223 | -39.6% |
| Gross operating margin | 9900 | €321,188 | €315,966 | -€5,222 | -1.6% |
| Operating profit (loss) | 9901 | €78,101 | €53,622 | -€24,479 | -31.3% |
| Financial income | 75/76B | €12,035 | €10,344 | -€1,690 | -14.0% |
| Recurring financial income | 75 | €12,035 | €10,344 | -€1,690 | -14.0% |
| Financial charges | 65/66B | €11,122 | €9,154 | -€1,969 | -17.7% |
| Recurring financial charges | 65 | €11,122 | €9,154 | -€1,969 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €79,013 | €54,812 | -€24,201 | -30.6% |
| Income taxes | 67/77 | €13,481 | €12,250 | -€1,231 | -9.1% |
| Profit (loss) for the period | 9904 | €65,532 | €42,562 | -€22,970 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,532 | €42,562 | -€22,970 | -35.1% |
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 2 October 2026 via checked.be.