STRUCTURE WORKS BELGIUM: 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.
STRUCTURE WORKS BELGIUM
Largest movements
- Financial fixed assets +€115,940
up €115,940 (+70.5%), from €164,500 to €280,440
- Receivables within one year +€35,266
up €35,266 (+11.9%), from €297,269 to €332,535
of which Other amounts receivable: +€56,081
- Cash -€18,799
down €18,799 (-82.0%), from €22,939 to €4,140
mainly Investment in fixed assets (net) (-€115,940) and Tax, wage and social debts (-€61,902)
- Accrued charges and deferred income +€85,760
up €85,760 (+28,682%), from €299 to €86,059
- Other debts +€81,996
new in 2024: €81,996
- Tax, wage and social debts -€61,902
down €61,902 (-48.5%), from €127,653 to €65,751
of which Taxes: -€65,405
- Advances received +€17,666
up €17,666 (+154%), from €11,484 to €29,150
- Reserves +€12,903
up €12,903 (+5.6%), from €230,715 to €243,618
- Gross operating margin -€170,138
down €170,138 (-61.9%), from €274,800 to €104,662
- Staff costs +€67,489
up €67,489 (+928%), from €7,274 to €74,763
- Taxes -€59,909
down €59,909 (-89.9%), from €66,649 to €6,739
- Financial income -€5,450
down €5,450 (-100%), from €5,450 to €0
- Financial charges +€3,703
up €3,703 (+56.5%), from €6,553 to €10,256
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 | €484,708 | €617,115 | +€132,407 | +27.3% |
| Fixed assets | 21/28 | €164,500 | €280,440 | +€115,940 | +70.5% |
| Financial fixed assets | 28 | €164,500 | €280,440 | +€115,940 | +70.5% |
| Current assets | 29/58 | €320,208 | €336,675 | +€16,467 | +5.1% |
| Amounts receivable within one year | 40/41 | €297,269 | €332,535 | +€35,266 | +11.9% |
| Trade receivables | 40 | €168,284 | €147,469 | -€20,815 | -12.4% |
| Other amounts receivable | 41 | €128,985 | €185,066 | +€56,081 | +43.5% |
| Cash at bank and in hand | 54/58 | €22,939 | €4,140 | -€18,799 | -82.0% |
| Total equity and liabilities | 10/49 | €484,708 | €617,115 | +€132,407 | +27.3% |
| Equity | 10/15 | €271,180 | €284,083 | +€12,903 | +4.8% |
| Contributions | 10/11 | €40,465 | €40,465 | = | 0.0% |
| Reserves | 13 | €230,715 | €243,618 | +€12,903 | +5.6% |
| Distributable reserves | 133 | €230,715 | €243,618 | +€12,903 | +5.6% |
| Amounts payable | 17/49 | €213,528 | €333,032 | +€119,504 | +56.0% |
| Amounts payable within one year | 42/48 | €213,229 | €246,973 | +€33,744 | +15.8% |
| Trade debts | 44 | €74,093 | €70,076 | -€4,017 | -5.4% |
| Suppliers | 440/4 | €74,093 | €70,076 | -€4,017 | -5.4% |
| Advances received on contracts in progress | 46 | €11,484 | €29,150 | +€17,666 | +154% |
| Taxes, remuneration and social security | 45 | €127,653 | €65,751 | -€61,902 | -48.5% |
| Taxes | 450/3 | €127,653 | €62,247 | -€65,405 | -51.2% |
| Remuneration and social security | 454/9 | - | €3,504 | +€3,504 | |
| Other amounts payable | 47/48 | - | €81,996 | +€81,996 | |
| Accrued charges and deferred income | 492/3 | €299 | €86,059 | +€85,760 | +28,682% |
| Remuneration, social security and pensions | 62 | €7,274 | €74,763 | +€67,489 | +928% |
| Gross operating margin | 9900 | €274,800 | €104,662 | -€170,138 | -61.9% |
| Operating profit (loss) | 9901 | €267,526 | €29,899 | -€237,627 | -88.8% |
| Financial income | 75/76B | €5,450 | €0 | -€5,450 | -100% |
| Recurring financial income | 75 | €5,450 | €0 | -€5,450 | -100% |
| Financial charges | 65/66B | €6,553 | €10,256 | +€3,703 | +56.5% |
| Recurring financial charges | 65 | €6,553 | €10,256 | +€3,703 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €266,422 | €19,643 | -€246,779 | -92.6% |
| Income taxes | 67/77 | €66,649 | €6,739 | -€59,909 | -89.9% |
| Profit (loss) for the period | 9904 | €199,774 | €12,903 | -€186,870 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €199,774 | €12,903 | -€186,870 | -93.5% |
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 1 November 2026 via checked.be.