URBAN & BUILD: 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.
What changed
URBAN & BUILD
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€6,323
2023 · -€20,901+€14,578
Equity
€365,489
2023 · €371,811-€6,322
Cash
€503
2023 · €1,185-€682
Balance sheet total
€2.5m
2023 · €2.7m-€140,228
Largest movements
Assets
- Tangible fixed assets -€139,358
down €139,358 (-5.5%), from €2.6m to €2.4m
Equity and liabilities
- Debts after one year -€154,855
down €154,855 (-11.2%), from €1.4m to €1.2m
- Other debts +€32,512
up €32,512 (+22.7%), from €143,282 to €175,794
Income statement
- Turnover -€32,572
down €32,572 (-10.0%), from €326,160 to €293,588
- Provisions -€25,000
no longer reported in 2024 (was €25,000)
- Gross operating margin -€19,695
down €19,695 (-9.9%), from €198,803 to €179,108
- Purchases and services -€12,876
down €12,876 (-10.1%), from €127,356 to €114,480
- Taxes -€5,554
down €5,554 (-72.8%), from €7,625 to €2,071
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.
Result 2023
-€20,901
Gross operating margin
-€19,695
Depreciation
+€18
Provisions
+€25,000
Other operating charges
-€182
Financial charges
+€3,883
Taxes
+€5,554
Result 2024
-€6,323
raises the resultlowers the result
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.
From operations
+€165,211
Investment
€0
Financing
-€165,893
Cash 2023
€1,185
From operations (derived)
+€165,211
Net result for the year
-€6,323
Depreciation
+€139,358
Receivables within one year
+€188
Provisions
-€3,806
Trade debts
+€12,825
Tax, wage and social debts
+€500
Other debts
+€32,512
Accrued charges and deferred income
-€10,043
Financing
-€165,893
Debts after one year
-€154,855
Current portion of long-term debt
-€11,039
Contributions, distributions and other
+€1
Cash 2024
€503
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,654,279 | €2,514,051 | -€140,228 | -5.3% |
| Fixed assets | 21/28 | €2,556,172 | €2,416,814 | -€139,358 | -5.5% |
| Tangible fixed assets | 22/27 | €2,554,622 | €2,415,264 | -€139,358 | -5.5% |
| Land and buildings | 22 | €2,554,622 | €2,415,264 | -€139,358 | -5.5% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €98,107 | €97,237 | -€870 | -0.9% |
| Amounts receivable within one year | 40/41 | €96,922 | €96,734 | -€188 | -0.2% |
| Trade receivables | 40 | €71,632 | €68,610 | -€3,022 | -4.2% |
| Other amounts receivable | 41 | €25,290 | €28,124 | +€2,834 | +11.2% |
| Cash at bank and in hand | 54/58 | €1,185 | €503 | -€682 | -57.6% |
| Total equity and liabilities | 10/49 | €2,654,279 | €2,514,051 | -€140,228 | -5.3% |
| Equity | 10/15 | €371,811 | €365,489 | -€6,322 | -1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €223,632 | €214,573 | -€9,059 | -4.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,432 | €208,373 | -€9,059 | -4.2% |
| Profit (loss) carried forward | 14 | €86,179 | €88,916 | +€2,737 | +3.2% |
| Provisions and deferred taxes | 16 | €116,333 | €112,527 | -€3,806 | -3.3% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Deferred taxes | 168 | €91,333 | €87,527 | -€3,806 | -4.2% |
| Amounts payable | 17/49 | €2,166,135 | €2,036,035 | -€130,100 | -6.0% |
| Amounts payable after more than one year | 17 | €1,378,876 | €1,224,021 | -€154,855 | -11.2% |
| Financial debts | 170/4 | €1,378,876 | €1,224,021 | -€154,855 | -11.2% |
| Amounts payable within one year | 42/48 | €611,560 | €646,358 | +€34,798 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €165,894 | €154,855 | -€11,039 | -6.7% |
| Trade debts | 44 | €302,384 | €315,209 | +€12,825 | +4.2% |
| Suppliers | 440/4 | €302,384 | €315,209 | +€12,825 | +4.2% |
| Taxes, remuneration and social security | 45 | - | €500 | +€500 | |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €143,282 | €175,794 | +€32,512 | +22.7% |
| Accrued charges and deferred income | 492/3 | €175,699 | €165,656 | -€10,043 | -5.7% |
| Turnover | 70 | €326,160 | €293,588 | -€32,572 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €127,356 | €114,480 | -€12,876 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,376 | €139,358 | -€18 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | - | -€25,000 | |
| Other operating charges | 640/8 | €7,458 | €7,640 | +€182 | +2.4% |
| Gross operating margin | 9900 | €198,803 | €179,108 | -€19,695 | -9.9% |
| Operating profit (loss) | 9901 | €26,969 | €32,110 | +€5,141 | +19.1% |
| Financial charges | 65/66B | €44,051 | €40,168 | -€3,883 | -8.8% |
| Recurring financial charges | 65 | €44,051 | €40,168 | -€3,883 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,082 | -€8,058 | +€9,024 | +52.8% |
| Transfer from deferred taxes | 780 | €3,806 | €3,806 | = | 0.0% |
| Income taxes | 67/77 | €7,625 | €2,071 | -€5,554 | -72.8% |
| Profit (loss) for the period | 9904 | -€20,901 | -€6,323 | +€14,578 | +69.7% |
| Transfer from tax-exempt reserves | 789 | €9,060 | €9,060 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,841 | €2,737 | +€14,578 |
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 31 October 2026 via checked.be.