QUALITY CONSTRUCTION: 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.
QUALITY CONSTRUCTION
Largest movements
- Receivables within one year +€51,367
up €51,367 (+5.0%), from €1.0m to €1.1m
of which Trade receivables: +€41,364
- Tangible fixed assets -€50,573
down €50,573 (-11.7%), from €431,330 to €380,757
of which Land and buildings: -€54,212
- Cash +€40,090
up €40,090 (+203.2%), from €19,733 to €59,823
mainly Tax, wage and social debts (+€118,092) and Net result for the year (+€58,633)
- Stocks and contracts -€35,458
no longer reported in 2024 (was €35,458)
- Tax, wage and social debts +€118,092
up €118,092 (+888.4%), from €13,292 to €131,384
of which Taxes: +€102,958
- Trade debts -€63,151
down €63,151 (-10.6%), from €595,816 to €532,665
- Debts after one year -€49,366
down €49,366 (-12.0%), from €412,061 to €362,695
- Other debts -€42,846
down €42,846 (-100.0%), from €42,846 to €0
- Reserves +€30,000
up €30,000 (+1612.9%), from €1,860 to €31,860
of which Distributable reserves: +€30,000
- Gross operating margin -€307,775
down €307,775 (-33.9%), from €908,507 to €600,731
- Staff costs -€93,781
down €93,781 (-20.3%), from €462,149 to €368,368
- Depreciation -€12,702
down €12,702 (-17.9%), from €71,081 to €58,379
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 | €1,513,778 | €1,517,386 | +€3,608 | +0.2% |
| Fixed assets | 21/28 | €435,330 | €385,757 | -€49,573 | -11.4% |
| Tangible fixed assets | 22/27 | €431,330 | €380,757 | -€50,573 | -11.7% |
| Land and buildings | 22 | €425,274 | €371,062 | -€54,212 | -12.7% |
| Plant, machinery and equipment | 23 | €5,918 | €4,730 | -€1,187 | -20.1% |
| Furniture and vehicles | 24 | €138 | €4,964 | +€4,826 | +3504.3% |
| Financial fixed assets | 28 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Current assets | 29/58 | €1,078,448 | €1,131,629 | +€53,182 | +4.9% |
| Stocks and contracts in progress | 3 | €35,458 | - | -€35,458 | |
| Stocks | 30/36 | €35,458 | - | -€35,458 | |
| Amounts receivable within one year | 40/41 | €1,018,547 | €1,069,914 | +€51,367 | +5.0% |
| Trade receivables | 40 | €1,018,104 | €1,059,468 | +€41,364 | +4.1% |
| Other amounts receivable | 41 | €443 | €10,446 | +€10,003 | +2258.4% |
| Cash at bank and in hand | 54/58 | €19,733 | €59,823 | +€40,090 | +203.2% |
| Deferred charges and accrued income | 490/1 | €4,709 | €1,892 | -€2,817 | -59.8% |
| Total equity and liabilities | 10/49 | €1,513,778 | €1,517,386 | +€3,608 | +0.2% |
| Equity | 10/15 | €331,709 | €390,342 | +€58,633 | +17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1612.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €323,649 | €352,282 | +€28,633 | +8.8% |
| Amounts payable | 17/49 | €1,182,069 | €1,127,044 | -€55,025 | -4.7% |
| Amounts payable after more than one year | 17 | €412,061 | €362,695 | -€49,366 | -12.0% |
| Financial debts | 170/4 | €412,061 | €362,695 | -€49,366 | -12.0% |
| Amounts payable within one year | 42/48 | €768,521 | €764,350 | -€4,171 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €116,568 | €100,301 | -€16,267 | -14.0% |
| Trade debts | 44 | €595,816 | €532,665 | -€63,151 | -10.6% |
| Suppliers | 440/4 | €595,816 | €532,665 | -€63,151 | -10.6% |
| Taxes, remuneration and social security | 45 | €13,292 | €131,384 | +€118,092 | +888.4% |
| Taxes | 450/3 | €5,737 | €108,695 | +€102,958 | +1794.5% |
| Remuneration and social security | 454/9 | €7,555 | €22,689 | +€15,135 | +200.3% |
| Other amounts payable | 47/48 | €42,846 | €0 | -€42,846 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,487 | - | -€1,487 | |
| Remuneration, social security and pensions | 62 | €462,149 | €368,368 | -€93,781 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,081 | €58,379 | -€12,702 | -17.9% |
| Other operating charges | 640/8 | €4,364 | €3,519 | -€845 | -19.4% |
| Non-recurring operating charges | 66A | - | €78,331 | +€78,331 | |
| Gross operating margin | 9900 | €908,507 | €600,731 | -€307,775 | -33.9% |
| Operating profit (loss) | 9901 | €370,913 | €92,134 | -€278,779 | -75.2% |
| Financial income | 75/76B | - | €129 | +€129 | |
| Recurring financial income | 75 | - | €129 | +€129 | |
| Financial charges | 65/66B | €18,790 | €12,529 | -€6,261 | -33.3% |
| Recurring financial charges | 65 | €18,790 | €12,529 | -€6,261 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €352,123 | €79,734 | -€272,389 | -77.4% |
| Income taxes | 67/77 | €12,958 | €21,101 | +€8,143 | +62.8% |
| Profit (loss) for the period | 9904 | €339,165 | €58,633 | -€280,532 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €339,165 | €58,633 | -€280,532 | -82.7% |
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 8 October 2026 via checked.be.