VE LAS EN CONSTRUCTIEWERKEN: 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.
VE LAS EN CONSTRUCTIEWERKEN
Largest movements
- Receivables within one year -€112,830
down €112,830 (-62.2%), from €181,387 to €68,557
of which Trade receivables: -€112,988
- Cash +€18,860
up €18,860 (+1,450%), from €1,301 to €20,161
mainly Receivables within one year (+€112,830) and Depreciation (+€8,870)
- Financial fixed assets +€2,550
new in 2024: €2,550
- Tangible fixed assets -€2,038
down €2,038 (-26.7%), from €7,631 to €5,593
of which Plant, machinery and equipment: -€3,206
- Trade debts -€50,440
down €50,440 (-50.4%), from €100,015 to €49,575
- Other debts -€34,401
down €34,401 (-48.8%), from €70,539 to €36,138
- Tax, wage and social debts -€11,147
down €11,147 (-72.3%), from €15,424 to €4,277
of which Remuneration and social security: -€8,626
- Gross operating margin -€139,359
down €139,359 (-88.2%), from €158,080 to €18,721
- Staff costs -€81,601
down €81,601 (-94.6%), from €86,304 to €4,703
- Other operating charges -€51,017
down €51,017 (-91.5%), from €55,751 to €4,733
- Depreciation +€1,810
up €1,810 (+25.6%), from €7,059 to €8,870
- Taxes -€1,808
down €1,808 (-81.1%), from €2,231 to €423
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 | €194,341 | €99,988 | -€94,353 | -48.6% |
| Formation expenses | 20 | €207 | - | -€207 | |
| Fixed assets | 21/28 | €7,631 | €8,143 | +€512 | +6.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,631 | €5,593 | -€2,038 | -26.7% |
| Plant, machinery and equipment | 23 | €5,855 | €2,650 | -€3,206 | -54.7% |
| Furniture and vehicles | 24 | €1,776 | €346 | -€1,430 | -80.5% |
| Leasing and similar rights | 25 | - | €2,598 | +€2,598 | |
| Financial fixed assets | 28 | - | €2,550 | +€2,550 | |
| Current assets | 29/58 | €186,502 | €91,844 | -€94,658 | -50.8% |
| Amounts receivable within one year | 40/41 | €181,387 | €68,557 | -€112,830 | -62.2% |
| Trade receivables | 40 | €181,387 | €68,399 | -€112,988 | -62.3% |
| Other amounts receivable | 41 | - | €158 | +€158 | |
| Cash at bank and in hand | 54/58 | €1,301 | €20,161 | +€18,860 | +1,450% |
| Deferred charges and accrued income | 490/1 | €3,815 | €3,127 | -€688 | -18.0% |
| Total equity and liabilities | 10/49 | €194,341 | €99,988 | -€94,353 | -48.6% |
| Equity | 10/15 | €8,362 | €8,136 | -€227 | -2.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,362 | €6,136 | -€227 | -3.6% |
| Distributable reserves | 133 | €6,362 | €6,136 | -€227 | -3.6% |
| Amounts payable | 17/49 | €185,978 | €91,852 | -€94,126 | -50.6% |
| Amounts payable within one year | 42/48 | €185,978 | €91,852 | -€94,126 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,861 | +€1,861 | |
| Trade debts | 44 | €100,015 | €49,575 | -€50,440 | -50.4% |
| Suppliers | 440/4 | €100,015 | €49,575 | -€50,440 | -50.4% |
| Taxes, remuneration and social security | 45 | €15,424 | €4,277 | -€11,147 | -72.3% |
| Taxes | 450/3 | €5,243 | €2,722 | -€2,521 | -48.1% |
| Remuneration and social security | 454/9 | €10,181 | €1,555 | -€8,626 | -84.7% |
| Other amounts payable | 47/48 | €70,539 | €36,138 | -€34,401 | -48.8% |
| Non-recurring operating income | 76A | - | €5,182 | +€5,182 | |
| Remuneration, social security and pensions | 62 | €86,304 | €4,703 | -€81,601 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,059 | €8,870 | +€1,810 | +25.6% |
| Other operating charges | 640/8 | €55,751 | €4,733 | -€51,017 | -91.5% |
| Gross operating margin | 9900 | €158,080 | €18,721 | -€139,359 | -88.2% |
| Operating profit (loss) | 9901 | €8,966 | €415 | -€8,552 | -95.4% |
| Financial income | 75/76B | €5 | €642 | +€636 | +12,029% |
| Recurring financial income | 75 | €5 | €642 | +€636 | +12,029% |
| Financial charges | 65/66B | €379 | €860 | +€482 | +127% |
| Recurring financial charges | 65 | €379 | €860 | +€482 | +127% |
| Profit (loss) for the period before taxes | 9903 | €8,593 | €196 | -€8,397 | -97.7% |
| Income taxes | 67/77 | €2,231 | €423 | -€1,808 | -81.1% |
| Profit (loss) for the period | 9904 | €6,362 | -€227 | -€6,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,362 | -€227 | -€6,589 |
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 17 October 2026 via checked.be.