PASSION FOR BUILD: what changed
Two financial 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.
PASSION FOR BUILD
Largest movements
- Cash +€25,471
up €25,471 (+714%), from €3,569 to €29,040
mainly Net result for the year (+€28,838) and Receivables within one year (+€8,299)
- Receivables within one year -€8,299
down €8,299 (-14.6%), from €56,934 to €48,634
of which Trade receivables: -€12,680
- Tangible fixed assets -€1,534
down €1,534 (-29.9%), from €5,139 to €3,605
of which Plant, machinery and equipment: -€1,350
- Profit (loss) carried forward +€28,838
up €28,838 (+112%), from €25,814 to €54,652
- Trade debts -€14,144
down €14,144 (-83.6%), from €16,925 to €2,781
- Tax, wage and social debts +€6,470
up €6,470 (+76.8%), from €8,428 to €14,899
of which Taxes: +€9,293
- Advances received -€4,212
no longer reported in 2024 (was €4,212)
- Other debts -€1,315
down €1,315 (-33.7%), from €3,906 to €2,591
- Gross operating margin +€25,451
up €25,451 (+149%), from €17,066 to €42,517
- Taxes +€9,493
up €9,493 (+565%), from €1,679 to €11,172
- Depreciation -€752
down €752 (-32.9%), from €2,286 to €1,534
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.
Derived cash bridge
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 | €65,642 | €81,279 | +€15,637 | +23.8% |
| Fixed assets | 21/28 | €5,139 | €3,605 | -€1,534 | -29.9% |
| Tangible fixed assets | 22/27 | €5,139 | €3,605 | -€1,534 | -29.9% |
| Plant, machinery and equipment | 23 | €4,725 | €3,375 | -€1,350 | -28.6% |
| Furniture and vehicles | 24 | €415 | €230 | -€184 | -44.5% |
| Current assets | 29/58 | €60,502 | €77,674 | +€17,172 | +28.4% |
| Amounts receivable within one year | 40/41 | €56,934 | €48,634 | -€8,299 | -14.6% |
| Trade receivables | 40 | €55,634 | €42,954 | -€12,680 | -22.8% |
| Other amounts receivable | 41 | €1,299 | €5,681 | +€4,381 | +337% |
| Cash at bank and in hand | 54/58 | €3,569 | €29,040 | +€25,471 | +714% |
| Total equity and liabilities | 10/49 | €65,642 | €81,279 | +€15,637 | +23.8% |
| Equity | 10/15 | €32,170 | €61,008 | +€28,838 | +89.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €5,356 | €5,356 | = | 0.0% |
| Distributable reserves | 133 | €5,356 | €5,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,814 | €54,652 | +€28,838 | +112% |
| Amounts payable | 17/49 | €33,472 | €20,271 | -€13,201 | -39.4% |
| Amounts payable within one year | 42/48 | €33,472 | €20,271 | -€13,201 | -39.4% |
| Trade debts | 44 | €16,925 | €2,781 | -€14,144 | -83.6% |
| Suppliers | 440/4 | €16,925 | €2,781 | -€14,144 | -83.6% |
| Advances received on contracts in progress | 46 | €4,212 | - | -€4,212 | |
| Taxes, remuneration and social security | 45 | €8,428 | €14,899 | +€6,470 | +76.8% |
| Taxes | 450/3 | €5,606 | €14,899 | +€9,293 | +166% |
| Remuneration and social security | 454/9 | €2,823 | - | -€2,823 | |
| Other amounts payable | 47/48 | €3,906 | €2,591 | -€1,315 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,286 | €1,534 | -€752 | -32.9% |
| Other operating charges | 640/8 | €1,431 | €1,083 | -€348 | -24.3% |
| Non-recurring operating charges | 66A | €6,787 | - | -€6,787 | |
| Gross operating margin | 9900 | €17,066 | €42,517 | +€25,451 | +149% |
| Operating profit (loss) | 9901 | €6,562 | €39,899 | +€33,337 | +508% |
| Financial income | 75/76B | - | €292 | +€292 | |
| Recurring financial income | 75 | - | €292 | +€292 | |
| Financial charges | 65/66B | €203 | €181 | -€22 | -10.8% |
| Recurring financial charges | 65 | €203 | €181 | -€22 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €6,358 | €40,010 | +€33,651 | +529% |
| Income taxes | 67/77 | €1,679 | €11,172 | +€9,493 | +565% |
| Profit (loss) for the period | 9904 | €4,680 | €28,838 | +€24,158 | +516% |
| Profit (loss) for the period to be appropriated | 9905 | €4,680 | €28,838 | +€24,158 | +516% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.