S.F. Constructie: 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.F. Constructie
Largest movements
- Tangible fixed assets -€67,123
down €67,123 (-11.2%), from €599,721 to €532,598
- Cash -€20,825
down €20,825 (-35.7%), from €58,299 to €37,474
mainly Debts after one year (-€43,800) and Trade debts (-€40,537)
- Debts after one year -€43,800
down €43,800 (-10.6%), from €412,393 to €368,593
- Trade debts -€40,537
down €40,537 (-57.4%), from €70,666 to €30,129
- Profit (loss) carried forward -€15,032
down €15,032 (-30.2%), from -€49,840 to -€64,872
- Short-term financial debts +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Depreciation -€22,846
down €22,846 (-30.3%), from €75,392 to €52,546
- Staff costs -€9,633
down €9,633 (-34.2%), from €28,164 to €18,531
- Gross operating margin -€5,771
down €5,771 (-7.0%), from €82,782 to €77,011
- Other operating charges -€993
down €993 (-14.1%), from €7,058 to €6,065
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 | €791,057 | €702,964 | -€88,093 | -11.1% |
| Fixed assets | 21/28 | €600,084 | €532,961 | -€67,123 | -11.2% |
| Tangible fixed assets | 22/27 | €599,721 | €532,598 | -€67,123 | -11.2% |
| Land and buildings | 22 | €475,385 | €455,678 | -€19,708 | -4.1% |
| Plant, machinery and equipment | 23 | €5,838 | €5,004 | -€834 | -14.3% |
| Furniture and vehicles | 24 | €23,160 | €2,090 | -€21,069 | -91.0% |
| Leasing and similar rights | 25 | €95,339 | €69,827 | -€25,512 | -26.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €190,973 | €170,003 | -€20,970 | -11.0% |
| Amounts receivable within one year | 40/41 | €132,674 | €132,529 | -€145 | -0.1% |
| Trade receivables | 40 | €120,686 | €129,654 | +€8,968 | +7.4% |
| Other amounts receivable | 41 | €11,988 | €2,875 | -€9,113 | -76.0% |
| Cash at bank and in hand | 54/58 | €58,299 | €37,474 | -€20,825 | -35.7% |
| Total equity and liabilities | 10/49 | €791,057 | €702,964 | -€88,093 | -11.1% |
| Equity | 10/15 | €168,816 | €153,784 | -€15,032 | -8.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €181,456 | €181,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €177,736 | €177,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,840 | -€64,872 | -€15,032 | -30.2% |
| Amounts payable | 17/49 | €622,241 | €549,180 | -€73,061 | -11.7% |
| Amounts payable after more than one year | 17 | €412,393 | €368,593 | -€43,800 | -10.6% |
| Financial debts | 170/4 | €412,393 | €368,593 | -€43,800 | -10.6% |
| Amounts payable within one year | 42/48 | €209,848 | €180,588 | -€29,261 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €49,734 | €43,800 | -€5,934 | -11.9% |
| Financial debts | 43 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Credit institutions | 430/8 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Trade debts | 44 | €70,666 | €30,129 | -€40,537 | -57.4% |
| Suppliers | 440/4 | €70,666 | €30,129 | -€40,537 | -57.4% |
| Advances received on contracts in progress | 46 | - | €2,200 | +€2,200 | |
| Taxes, remuneration and social security | 45 | €49,447 | €54,458 | +€5,011 | +10.1% |
| Taxes | 450/3 | €46,455 | €49,668 | +€3,213 | +6.9% |
| Remuneration and social security | 454/9 | €2,993 | €4,791 | +€1,798 | +60.1% |
| Non-recurring operating income | 76A | €12,335 | €41,807 | +€29,471 | +238.9% |
| Remuneration, social security and pensions | 62 | €28,164 | €18,531 | -€9,633 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,392 | €52,546 | -€22,846 | -30.3% |
| Other operating charges | 640/8 | €7,058 | €6,065 | -€993 | -14.1% |
| Non-recurring operating charges | 66A | €7,742 | - | -€7,742 | |
| Gross operating margin | 9900 | €82,782 | €77,011 | -€5,771 | -7.0% |
| Operating profit (loss) | 9901 | -€35,574 | -€130 | +€35,444 | +99.6% |
| Financial charges | 65/66B | €14,266 | €14,902 | +€636 | +4.5% |
| Recurring financial charges | 65 | €14,266 | €14,902 | +€636 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€49,840 | -€15,032 | +€34,808 | +69.8% |
| Profit (loss) for the period | 9904 | -€49,840 | -€15,032 | +€34,808 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,840 | -€15,032 | +€34,808 | +69.8% |
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 11 October 2026 via checked.be.