OBJECT: 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
OBJECT
NACE 43.350, Other building finishing work
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€8,273
2023 · €1.9m-€1.9m
Equity
€10.7m
2023 · €10.7m-€8,273
Cash
€157,124
2023 · €251,175-€94,051
Balance sheet total
€19.7m
2023 · €19.7m+€64,439
Largest movements
Assets
- Stocks and contracts +€525,492
up €525,492 (+26.9%), from €2.0m to €2.5m
of which Contracts in progress: +€957,242
- Receivables within one year -€423,994
down €423,994 (-4.9%), from €8.6m to €8.2m
of which Trade receivables: -€279,285
- Tangible fixed assets +€388,235
up €388,235 (+4.7%), from €8.2m to €8.6m
of which Land and buildings: +€538,556
- Deferred charges and accrued income -€329,120
down €329,120 (-63.8%), from €515,708 to €186,587
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Staff costs +€693,318
up €693,318 (+53.3%), from €1.3m to €2.0m
- Turnover -€536,805
down €536,805 (-6.9%), from €7.7m to €7.2m
- Goods and materials -€427,251
down €427,251 (-10.9%), from €3.9m to €3.5m
of which Purchases: -€913,762
- Services and other goods -€283,272
down €283,272 (-10.4%), from €2.7m to €2.4m
- Financial charges -€89,026
down €89,026 (-31.1%), from €286,714 to €197,689
of which Non-recurring financial charges: -€84,834
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
€1.9m
Turnover
-€536,805
Other operating income
-€69,108
Goods and materials
+€427,251
Services and other goods
+€283,272
Staff costs
-€693,318
Depreciation
-€79,448
Write-downs
+€16,329
Other operating charges
+€50,017
Other operating items
-€2.0m
Financial income
+€15,178
Financial charges
+€89,026
Taxes
-€1,608
Deferred taxes and other
+€639,064
Result 2024
-€8,273
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
+€1.0m
Investment
-€1.0m
Financing
-€115,068
Cash 2023
€251,175
From operations (derived)
+€1.0m
Net result for the year
-€8,273
Depreciation
+€640,970
Stocks and contracts
-€525,492
Receivables within one year
+€423,994
Deferred charges and accrued income
+€329,120
Trade debts
+€10,184
Tax, wage and social debts
+€50,925
Advances received
-€254
Other debts
+€137,713
Accrued charges and deferred income
-€10,789
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€115,068
Debts after one year
-€99,947
Current portion of long-term debt
-€15,121
Cash 2024
€157,124
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,662,214 | €19,726,653 | +€64,439 | +0.3% |
| Fixed assets | 21/28 | €8,315,234 | €8,701,346 | +€386,112 | +4.6% |
| Intangible fixed assets | 21 | €33,667 | €31,544 | -€2,123 | -6.3% |
| Tangible fixed assets | 22/27 | €8,244,369 | €8,632,604 | +€388,235 | +4.7% |
| Land and buildings | 22 | €7,468,776 | €8,007,332 | +€538,556 | +7.2% |
| Plant, machinery and equipment | 23 | €22,691 | €14,567 | -€8,124 | -35.8% |
| Furniture and vehicles | 24 | €752,902 | €610,706 | -€142,197 | -18.9% |
| Financial fixed assets | 28 | €37,198 | €37,198 | = | 0.0% |
| Other financial fixed assets | 284/8 | €37,198 | €37,198 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €37,198 | €37,198 | = | 0.0% |
| Current assets | 29/58 | €11,346,981 | €11,025,307 | -€321,673 | -2.8% |
| Stocks and contracts in progress | 3 | €1,952,534 | €2,478,026 | +€525,492 | +26.9% |
| Stocks | 30/36 | €1,952,534 | €1,520,784 | -€431,750 | -22.1% |
| Goods purchased for resale | 34 | €1,952,534 | €1,520,784 | -€431,750 | -22.1% |
| Contracts in progress | 37 | - | €957,242 | +€957,242 | |
| Amounts receivable within one year | 40/41 | €8,627,564 | €8,203,570 | -€423,994 | -4.9% |
| Trade receivables | 40 | €840,057 | €560,772 | -€279,285 | -33.2% |
| Other amounts receivable | 41 | €7,787,508 | €7,642,798 | -€144,709 | -1.9% |
| Cash at bank and in hand | 54/58 | €251,175 | €157,124 | -€94,051 | -37.4% |
| Deferred charges and accrued income | 490/1 | €515,708 | €186,587 | -€329,120 | -63.8% |
| Total equity and liabilities | 10/49 | €19,662,214 | €19,726,653 | +€64,439 | +0.3% |
| Equity | 10/15 | €10,674,767 | €10,666,494 | -€8,273 | -0.1% |
| Contributions | 10/11 | €3,751,032 | €3,751,032 | = | 0.0% |
| Revaluation surpluses | 12 | €189,634 | €189,634 | = | 0.0% |
| Reserves | 13 | €5,491,428 | €5,491,428 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,510,081 | €4,510,081 | = | 0.0% |
| Distributable reserves | 133 | €981,348 | €981,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,242,673 | €1,234,400 | -€8,273 | -0.7% |
| Provisions and deferred taxes | 16 | €1,642,324 | €1,642,324 | = | 0.0% |
| Deferred taxes | 168 | €1,642,324 | €1,642,324 | = | 0.0% |
| Amounts payable | 17/49 | €7,345,123 | €7,417,835 | +€72,712 | +1.0% |
| Amounts payable after more than one year | 17 | €4,248,924 | €4,148,977 | -€99,947 | -2.4% |
| Financial debts | 170/4 | €4,246,544 | €4,146,597 | -€99,947 | -2.4% |
| Credit institutions | 173 | €4,246,544 | €4,146,597 | -€99,947 | -2.4% |
| Other amounts payable | 178/9 | €2,380 | €2,380 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,077,410 | €3,260,858 | +€183,448 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €772,849 | €757,728 | -€15,121 | -2.0% |
| Trade debts | 44 | €1,755,217 | €1,765,401 | +€10,184 | +0.6% |
| Suppliers | 440/4 | €1,755,217 | €1,765,401 | +€10,184 | +0.6% |
| Advances received on contracts in progress | 46 | €254 | - | -€254 | |
| Taxes, remuneration and social security | 45 | €161,601 | €212,526 | +€50,925 | +31.5% |
| Taxes | 450/3 | €25,384 | €31,981 | +€6,596 | +26.0% |
| Remuneration and social security | 454/9 | €136,217 | €180,546 | +€44,329 | +32.5% |
| Other amounts payable | 47/48 | €387,488 | €525,202 | +€137,713 | +35.5% |
| Accrued charges and deferred income | 492/3 | €18,789 | €8,000 | -€10,789 | -57.4% |
| Operating income | 70/76A | €11,611,906 | €8,729,471 | -€2.9m | -24.8% |
| Turnover | 70 | €7,742,132 | €7,205,326 | -€536,805 | -6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €957,242 | +€957,242 | |
| Own construction capitalised | 72 | - | €110,810 | +€110,810 | |
| Other operating income | 74 | €148,200 | €79,092 | -€69,108 | -46.6% |
| Non-recurring operating income | 76A | €3,721,574 | €377,000 | -€3.3m | -89.9% |
| Operating charges | 60/66A | €8,934,247 | €8,657,549 | -€276,698 | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €3,921,406 | €3,494,155 | -€427,251 | -10.9% |
| Purchases | 600/8 | €3,976,167 | €3,062,405 | -€913,762 | -23.0% |
| Change in stocks: decrease (increase) | 609 | -€54,761 | €431,750 | +€486,511 | |
| Services and other goods | 61 | €2,732,223 | €2,448,951 | -€283,272 | -10.4% |
| Remuneration, social security and pensions | 62 | €1,299,815 | €1,993,132 | +€693,318 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561,522 | €640,970 | +€79,448 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,593 | €8,265 | -€16,329 | -66.4% |
| Other operating charges | 640/8 | €122,093 | €72,076 | -€50,017 | -41.0% |
| Non-recurring operating charges | 66A | €272,595 | - | -€272,595 | |
| Operating profit (loss) | 9901 | €2,677,659 | €71,922 | -€2.6m | -97.3% |
| Financial income | 75/76B | €111,813 | €126,991 | +€15,178 | +13.6% |
| Recurring financial income | 75 | €111,813 | €126,991 | +€15,178 | +13.6% |
| Income from financial fixed assets | 750 | - | €564 | +€564 | |
| Income from current assets | 751 | €2,343 | - | -€2,343 | |
| Other financial income | 752/9 | €109,470 | €126,427 | +€16,957 | +15.5% |
| Financial charges | 65/66B | €286,714 | €197,689 | -€89,026 | -31.1% |
| Recurring financial charges | 65 | €201,880 | €197,689 | -€4,191 | -2.1% |
| Debt charges | 650 | €142,557 | €171,462 | +€28,905 | +20.3% |
| Other financial charges | 652/9 | €59,323 | €26,226 | -€33,097 | -55.8% |
| Non-recurring financial charges | 66B | €84,834 | - | -€84,834 | |
| Profit (loss) for the period before taxes | 9903 | €2,502,758 | €1,224 | -€2.5m | -100.0% |
| Transfer from deferred taxes | 780 | €108,084 | - | -€108,084 | |
| Transfer to deferred taxes | 680 | €747,147 | - | -€747,147 | |
| Income taxes | 67/77 | €7,889 | €9,498 | +€1,608 | +20.4% |
| Taxes | 670/3 | €7,889 | €9,498 | +€1,608 | +20.4% |
| Profit (loss) for the period | 9904 | €1,855,805 | -€8,273 | -€1.9m | |
| Transfer from tax-exempt reserves | 789 | €324,250 | - | -€324,250 | |
| Transfer to tax-exempt reserves | 689 | €2,241,441 | - | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,386 | -€8,273 | +€53,112 | +86.5% |
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.