S-CONSTRUCTION: 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.
S-CONSTRUCTION
Largest movements
- Cash -€112,243
down €112,243 (-97.7%), from €114,883 to €2,640
mainly Tax, wage and social debts (-€67,748) and Receivables within one year (-€31,399)
- Receivables within one year +€31,399
up €31,399 (+30.9%), from €101,594 to €132,992
of which Trade receivables: +€21,612
- Tax, wage and social debts -€67,748
down €67,748 (-71.1%), from €95,350 to €27,602
of which Remuneration and social security: -€68,390
- Trade debts -€27,629
down €27,629 (-30.8%), from €89,713 to €62,085
- Accrued charges and deferred income +€9,296
new in 2024: €9,296
- Profit (loss) carried forward +€5,236
up €5,236 (+36.7%), from €14,261 to €19,497
- Gross operating margin -€78,799
down €78,799 (-11.9%), from €659,892 to €581,093
- Staff costs -€70,847
down €70,847 (-11.2%), from €635,293 to €564,446
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 | €216,477 | €135,633 | -€80,845 | -37.3% |
| Current assets | 29/58 | €216,477 | €135,633 | -€80,845 | -37.3% |
| Amounts receivable within one year | 40/41 | €101,594 | €132,992 | +€31,399 | +30.9% |
| Trade receivables | 40 | €79,137 | €100,749 | +€21,612 | +27.3% |
| Other amounts receivable | 41 | €22,457 | €32,244 | +€9,786 | +43.6% |
| Cash at bank and in hand | 54/58 | €114,883 | €2,640 | -€112,243 | -97.7% |
| Total equity and liabilities | 10/49 | €216,477 | €135,633 | -€80,845 | -37.3% |
| Equity | 10/15 | €31,413 | €36,650 | +€5,236 | +16.7% |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Reserves | 13 | €652 | €652 | = | 0.0% |
| Non-distributable reserves | 130/1 | €652 | €652 | = | 0.0% |
| Reserves not available under the articles | 1311 | €652 | €652 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,261 | €19,497 | +€5,236 | +36.7% |
| Amounts payable | 17/49 | €185,064 | €98,983 | -€86,081 | -46.5% |
| Amounts payable within one year | 42/48 | €185,064 | €89,687 | -€95,377 | -51.5% |
| Trade debts | 44 | €89,713 | €62,085 | -€27,629 | -30.8% |
| Suppliers | 440/4 | €89,713 | €62,085 | -€27,629 | -30.8% |
| Taxes, remuneration and social security | 45 | €95,350 | €27,602 | -€67,748 | -71.1% |
| Taxes | 450/3 | €7,204 | €7,846 | +€642 | +8.9% |
| Remuneration and social security | 454/9 | €88,146 | €19,756 | -€68,390 | -77.6% |
| Accrued charges and deferred income | 492/3 | - | €9,296 | +€9,296 | |
| Non-recurring operating income | 76A | - | €345 | +€345 | |
| Remuneration, social security and pensions | 62 | €635,293 | €564,446 | -€70,847 | -11.2% |
| Other operating charges | 640/8 | €10,172 | €3,842 | -€6,330 | -62.2% |
| Gross operating margin | 9900 | €659,892 | €581,093 | -€78,799 | -11.9% |
| Operating profit (loss) | 9901 | €14,427 | €12,804 | -€1,623 | -11.3% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €280 | €466 | +€186 | +66.5% |
| Recurring financial charges | 65 | €280 | €466 | +€186 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €14,171 | €12,338 | -€1,833 | -12.9% |
| Income taxes | 67/77 | €7,157 | €7,102 | -€54 | -0.8% |
| Profit (loss) for the period | 9904 | €7,015 | €5,236 | -€1,779 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,015 | €5,236 | -€1,779 | -25.4% |
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 15 October 2026 via checked.be.