TOP-CONSTRUCTION & TRADE: 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.
TOP-CONSTRUCTION & TRADE
Largest movements
- Receivables within one year +€179,529
up €179,529 (+403%), from €44,549 to €224,078
of which Trade receivables: +€179,529
- Cash +€16,351
up €16,351 (+192%), from €8,506 to €24,857
mainly Trade debts (+€140,512) and Net result for the year (+€36,302)
- Trade debts +€140,512
up €140,512 (+6,075%), from €2,313 to €142,825
- Profit (loss) carried forward +€36,302
up €36,302 (+365%), from €9,954 to €46,256
- Tax, wage and social debts +€25,604
up €25,604 (+196%), from €13,036 to €38,640
- Short-term financial debts -€14,094
no longer reported in 2023 (was €14,094)
- Current portion of long-term debt +€5,584
new in 2023: €5,584
- Gross operating margin +€25,301
up €25,301 (+92.0%), from €27,487 to €52,788
- Depreciation -€3,628
down €3,628 (-52.5%), from €6,911 to €3,283
- Taxes +€1,901
up €1,901 (+24.2%), from €7,860 to €9,761
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,298 | €302,277 | +€193,979 | +179% |
| Fixed assets | 21/28 | €7,827 | €5,773 | -€2,054 | -26.2% |
| Tangible fixed assets | 22/27 | €7,787 | €5,733 | -€2,054 | -26.4% |
| Plant, machinery and equipment | 23 | €844 | €1,294 | +€450 | +53.3% |
| Furniture and vehicles | 24 | €6,943 | €4,439 | -€2,504 | -36.1% |
| Financial fixed assets | 28 | €40 | €40 | -€0 | -0.3% |
| Current assets | 29/58 | €100,471 | €296,504 | +€196,033 | +195% |
| Stocks and contracts in progress | 3 | €37,946 | €37,946 | +€0 | 0.0% |
| Stocks | 30/36 | €37,946 | €37,946 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €44,549 | €224,078 | +€179,529 | +403% |
| Trade receivables | 40 | €44,531 | €224,060 | +€179,529 | +403% |
| Other amounts receivable | 41 | €18 | €18 | +€0 | +0.3% |
| Cash at bank and in hand | 54/58 | €8,506 | €24,857 | +€16,351 | +192% |
| Deferred charges and accrued income | 490/1 | €9,470 | €9,623 | +€153 | +1.6% |
| Total equity and liabilities | 10/49 | €108,298 | €302,277 | +€193,979 | +179% |
| Equity | 10/15 | €78,211 | €114,513 | +€36,302 | +46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,657 | €49,657 | -€0 | 0.0% |
| 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 | €47,797 | €47,797 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €9,954 | €46,256 | +€36,302 | +365% |
| Amounts payable | 17/49 | €30,087 | €187,764 | +€157,677 | +524% |
| Amounts payable within one year | 42/48 | €30,087 | €187,304 | +€157,217 | +523% |
| Current portion of amounts payable after more than one year | 42 | - | €5,584 | +€5,584 | |
| Financial debts | 43 | €14,094 | - | -€14,094 | |
| Credit institutions | 430/8 | €14,094 | - | -€14,094 | |
| Trade debts | 44 | €2,313 | €142,825 | +€140,512 | +6,075% |
| Suppliers | 440/4 | €2,313 | €142,825 | +€140,512 | +6,075% |
| Taxes, remuneration and social security | 45 | €13,036 | €38,640 | +€25,604 | +196% |
| Taxes | 450/3 | €13,036 | €38,640 | +€25,604 | +196% |
| Other amounts payable | 47/48 | €644 | €255 | -€389 | -60.3% |
| Accrued charges and deferred income | 492/3 | - | €460 | +€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,911 | €3,283 | -€3,628 | -52.5% |
| Other operating charges | 640/8 | €1,044 | €1,315 | +€271 | +25.9% |
| Non-recurring operating charges | 66A | - | €906 | +€906 | |
| Gross operating margin | 9900 | €27,487 | €52,788 | +€25,301 | +92.0% |
| Operating profit (loss) | 9901 | €19,532 | €47,284 | +€27,752 | +142% |
| Financial income | 75/76B | €81 | €49 | -€32 | -39.7% |
| Recurring financial income | 75 | €81 | €49 | -€32 | -39.7% |
| Financial charges | 65/66B | €990 | €1,269 | +€279 | +28.2% |
| Recurring financial charges | 65 | €990 | €1,269 | +€279 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €18,623 | €46,063 | +€27,440 | +147% |
| Income taxes | 67/77 | €7,860 | €9,761 | +€1,901 | +24.2% |
| Profit (loss) for the period | 9904 | €10,763 | €36,302 | +€25,539 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €10,763 | €36,302 | +€25,539 | +237% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.