P&B 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.
P&B CONSTRUCT
Largest movements
- Tangible fixed assets -€38,788
down €38,788 (-8.7%), from €446,879 to €408,090
of which Land and buildings: -€30,411
- Cash -€10,048
down €10,048 (-90.9%), from €11,051 to €1,003
- Receivables within one year +€5,906
up €5,906 (+19.9%), from €29,628 to €35,534
of which Other amounts receivable: +€5,278
- Debts after one year -€76,959
down €76,959 (-24.2%), from €318,179 to €241,220
of which Financial debts: -€72,959
- Current portion of long-term debt +€17,490
up €17,490 (+45.2%), from €38,653 to €56,143
- Advances received +€14,600
new in 2024: €14,600
- Tax, wage and social debts +€11,441
up €11,441 (+65.4%), from €17,507 to €28,948
- Gross operating margin -€61,561
down €61,561 (-63.0%), from €97,746 to €36,185
- Taxes -€23,104
down €23,104 (-98.7%), from €23,418 to €314
- Financial charges -€12,663
down €12,663 (-46.7%), from €27,108 to €14,445
of which Non-recurring financial charges: -€17,753
- Depreciation -€4,060
down €4,060 (-18.2%), from €22,280 to €18,221
- Financial income +€2,036
up €2,036 (+95.4%), from €2,135 to €4,171
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,520 | €505,788 | -€38,732 | -7.1% |
| Fixed assets | 21/28 | €446,879 | €409,140 | -€37,738 | -8.4% |
| Tangible fixed assets | 22/27 | €446,879 | €408,090 | -€38,788 | -8.7% |
| Land and buildings | 22 | €414,842 | €384,431 | -€30,411 | -7.3% |
| Plant, machinery and equipment | 23 | €11,116 | €8,360 | -€2,756 | -24.8% |
| Furniture and vehicles | 24 | €3,731 | €198 | -€3,533 | -94.7% |
| Other tangible fixed assets | 26 | €17,190 | €15,102 | -€2,088 | -12.1% |
| Financial fixed assets | 28 | - | €1,050 | +€1,050 | |
| Current assets | 29/58 | €97,641 | €96,648 | -€993 | -1.0% |
| Amounts receivable after more than one year | 29 | €56,575 | €60,111 | +€3,536 | +6.3% |
| Other amounts receivable | 291 | €56,575 | €60,111 | +€3,536 | +6.3% |
| Amounts receivable within one year | 40/41 | €29,628 | €35,534 | +€5,906 | +19.9% |
| Trade receivables | 40 | €11,873 | €12,500 | +€627 | +5.3% |
| Other amounts receivable | 41 | €17,755 | €23,034 | +€5,278 | +29.7% |
| Cash at bank and in hand | 54/58 | €11,051 | €1,003 | -€10,048 | -90.9% |
| Deferred charges and accrued income | 490/1 | €388 | - | -€388 | |
| Total equity and liabilities | 10/49 | €544,520 | €505,788 | -€38,732 | -7.1% |
| Equity | 10/15 | €148,710 | €146,859 | -€1,852 | -1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,913 | €110,913 | = | 0.0% |
| 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 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €98,553 | €98,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,397 | €23,545 | -€1,852 | -7.3% |
| Amounts payable | 17/49 | €395,810 | €358,930 | -€36,880 | -9.3% |
| Amounts payable after more than one year | 17 | €318,179 | €241,220 | -€76,959 | -24.2% |
| Financial debts | 170/4 | €300,679 | €227,720 | -€72,959 | -24.3% |
| Other amounts payable | 178/9 | €17,500 | €13,500 | -€4,000 | -22.9% |
| Amounts payable within one year | 42/48 | €77,631 | €117,710 | +€40,079 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €38,653 | €56,143 | +€17,490 | +45.2% |
| Trade debts | 44 | €21,472 | €18,019 | -€3,452 | -16.1% |
| Suppliers | 440/4 | €21,472 | €18,019 | -€3,452 | -16.1% |
| Advances received on contracts in progress | 46 | - | €14,600 | +€14,600 | |
| Taxes, remuneration and social security | 45 | €17,507 | €28,948 | +€11,441 | +65.4% |
| Taxes | 450/3 | €17,507 | €28,948 | +€11,441 | +65.4% |
| Non-recurring operating income | 76A | €6,902 | - | -€6,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,280 | €18,221 | -€4,060 | -18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €610 | +€610 | |
| Other operating charges | 640/8 | €11,959 | €11,032 | -€926 | -7.7% |
| Gross operating margin | 9900 | €97,746 | €36,185 | -€61,561 | -63.0% |
| Operating profit (loss) | 9901 | €63,506 | €6,322 | -€57,184 | -90.0% |
| Financial income | 75/76B | €2,135 | €4,171 | +€2,036 | +95.4% |
| Recurring financial income | 75 | €2,135 | €4,171 | +€2,036 | +95.4% |
| Financial charges | 65/66B | €27,108 | €14,445 | -€12,663 | -46.7% |
| Recurring financial charges | 65 | €9,355 | €14,445 | +€5,090 | +54.4% |
| Non-recurring financial charges | 66B | €17,753 | - | -€17,753 | |
| Profit (loss) for the period before taxes | 9903 | €38,534 | -€3,952 | -€42,485 | |
| Income taxes | 67/77 | €23,418 | €314 | -€23,104 | -98.7% |
| Profit (loss) for the period | 9904 | €15,115 | -€4,266 | -€19,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,115 | -€4,266 | -€19,381 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.