NN 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.
NN CONSTRUCT
Largest movements
- Current investments +€300,031
up €300,031 (+102.0%), from €294,137 to €594,169
- Cash -€252,762
down €252,762 (-63.4%), from €398,540 to €145,778
mainly Current investments (-€300,031) and Investment in fixed assets (net) (-€78,150)
- Tangible fixed assets +€45,350
up €45,350 (+69.2%), from €65,537 to €110,886
of which Furniture and vehicles: +€34,150
- Stocks and contracts -€44,269
down €44,269 (-73.3%), from €60,390 to €16,121
of which Stocks: -€29,761
- Receivables within one year -€15,130
down €15,130 (-40.4%), from €37,419 to €22,289
of which Trade receivables: -€15,188
- Reserves +€81,890
up €81,890 (+11.2%), from €729,120 to €811,010
of which Distributable reserves: +€81,890
- Tax, wage and social debts -€19,208
down €19,208 (-85.4%), from €22,483 to €3,275
of which Taxes: -€19,241
- Accrued charges and deferred income -€14,937
down €14,937 (-99.6%), from €15,002 to €65
- Trade debts -€13,957
down €13,957 (-70.5%), from €19,805 to €5,848
- Gross operating margin -€52,564
down €52,564 (-27.1%), from €193,811 to €141,247
- Taxes -€18,218
down €18,218 (-37.1%), from €49,084 to €30,866
- Depreciation +€6,070
up €6,070 (+22.7%), from €26,780 to €32,850
- Financial income +€2,244
up €2,244 (+139.2%), from €1,613 to €3,857
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 | €859,009 | €892,798 | +€33,789 | +3.9% |
| Fixed assets | 21/28 | €66,815 | €112,115 | +€45,300 | +67.8% |
| Tangible fixed assets | 22/27 | €65,537 | €110,886 | +€45,350 | +69.2% |
| Plant, machinery and equipment | 23 | €35,597 | €16,797 | -€18,800 | -52.8% |
| Furniture and vehicles | 24 | €29,940 | €64,090 | +€34,150 | +114.1% |
| Assets under construction and advance payments | 27 | - | €30,000 | +€30,000 | |
| Financial fixed assets | 28 | €1,279 | €1,229 | -€50 | -3.9% |
| Current assets | 29/58 | €792,194 | €780,683 | -€11,511 | -1.5% |
| Stocks and contracts in progress | 3 | €60,390 | €16,121 | -€44,269 | -73.3% |
| Stocks | 30/36 | €35,963 | €6,202 | -€29,761 | -82.8% |
| Contracts in progress | 37 | €24,427 | €9,919 | -€14,508 | -59.4% |
| Amounts receivable within one year | 40/41 | €37,419 | €22,289 | -€15,130 | -40.4% |
| Trade receivables | 40 | €21,553 | €6,365 | -€15,188 | -70.5% |
| Other amounts receivable | 41 | €15,866 | €15,924 | +€58 | +0.4% |
| Current investments | 50/53 | €294,137 | €594,169 | +€300,031 | +102.0% |
| Cash at bank and in hand | 54/58 | €398,540 | €145,778 | -€252,762 | -63.4% |
| Deferred charges and accrued income | 490/1 | €1,707 | €2,326 | +€619 | +36.2% |
| Total equity and liabilities | 10/49 | €859,009 | €892,798 | +€33,789 | +3.9% |
| Equity | 10/15 | €801,720 | €883,610 | +€81,890 | +10.2% |
| Contributions | 10/11 | €72,600 | €72,600 | = | 0.0% |
| Reserves | 13 | €729,120 | €811,010 | +€81,890 | +11.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €729,120 | €811,010 | +€81,890 | +11.2% |
| Amounts payable | 17/49 | €57,290 | €9,188 | -€48,102 | -84.0% |
| Amounts payable within one year | 42/48 | €42,288 | €9,123 | -€33,164 | -78.4% |
| Trade debts | 44 | €19,805 | €5,848 | -€13,957 | -70.5% |
| Suppliers | 440/4 | €19,805 | €5,848 | -€13,957 | -70.5% |
| Taxes, remuneration and social security | 45 | €22,483 | €3,275 | -€19,208 | -85.4% |
| Taxes | 450/3 | €19,356 | €114 | -€19,241 | -99.4% |
| Remuneration and social security | 454/9 | €3,127 | €3,161 | +€34 | +1.1% |
| Accrued charges and deferred income | 492/3 | €15,002 | €65 | -€14,937 | -99.6% |
| Non-recurring operating income | 76A | €12,000 | €500 | -€11,500 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,780 | €32,850 | +€6,070 | +22.7% |
| Other operating charges | 640/8 | €1,791 | €1,738 | -€54 | -3.0% |
| Gross operating margin | 9900 | €193,811 | €141,247 | -€52,564 | -27.1% |
| Operating profit (loss) | 9901 | €165,240 | €106,660 | -€58,580 | -35.5% |
| Financial income | 75/76B | €1,613 | €3,857 | +€2,244 | +139.2% |
| Recurring financial income | 75 | €1,613 | €3,857 | +€2,244 | +139.2% |
| Financial charges | 65/66B | -€1,866 | -€2,239 | -€374 | -20.0% |
| Recurring financial charges | 65 | -€1,866 | -€2,239 | -€374 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €168,718 | €112,756 | -€55,962 | -33.2% |
| Income taxes | 67/77 | €49,084 | €30,866 | -€18,218 | -37.1% |
| Profit (loss) for the period | 9904 | €119,634 | €81,890 | -€37,744 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,634 | €81,890 | -€37,744 | -31.5% |
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 30 September 2026 via checked.be.