A-BUILDING: 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.
A-BUILDING
Largest movements
- Cash -€1.6m
down €1.6m (-99.2%), from €1.6m to €12,557
mainly Other debts (-€2.1m) and Trade debts (-€1.0m)
- Tangible fixed assets -€1.2m
down €1.2m (-22.0%), from €5.7m to €4.4m
- Stocks and contracts -€760,223
down €760,223 (-7.2%), from €10.6m to €9.8m
- Receivables within one year -€651,262
down €651,262 (-69.9%), from €932,092 to €280,830
of which Trade receivables: -€711,924
- Other debts -€2.1m
down €2.1m (-54.3%), from €3.9m to €1.8m
- Trade debts -€1.0m
down €1.0m (-52.7%), from €2.0m to €938,234
- Debts after one year -€826,867
down €826,867 (-18.8%), from €4.4m to €3.6m
of which Financial debts: -€824,272
- Short-term financial debts -€406,900
down €406,900 (-5.9%), from €6.9m to €6.5m
- Gross operating margin -€788,917
down €788,917 (-52.9%), from €1.5m to €703,483
- Financial charges -€591,219
down €591,219 (-62.0%), from €952,824 to €361,604
- Taxes -€40,803
down €40,803 (-49.1%), from €83,161 to €42,359
- Depreciation +€17,878
up €17,878 (+12.4%), from €144,298 to €162,176
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,801,755 | €14,548,540 | -€4.3m | -22.6% |
| Fixed assets | 21/28 | €5,659,675 | €4,418,311 | -€1.2m | -21.9% |
| Tangible fixed assets | 22/27 | €5,651,997 | €4,410,633 | -€1.2m | -22.0% |
| Land and buildings | 22 | €5,651,997 | €4,410,633 | -€1.2m | -22.0% |
| Financial fixed assets | 28 | €7,678 | €7,678 | = | 0.0% |
| Current assets | 29/58 | €13,142,080 | €10,130,229 | -€3.0m | -22.9% |
| Stocks and contracts in progress | 3 | €10,593,954 | €9,833,731 | -€760,223 | -7.2% |
| Stocks | 30/36 | €10,593,954 | €9,833,731 | -€760,223 | -7.2% |
| Amounts receivable within one year | 40/41 | €932,092 | €280,830 | -€651,262 | -69.9% |
| Trade receivables | 40 | €787,754 | €75,830 | -€711,924 | -90.4% |
| Other amounts receivable | 41 | €144,339 | €205,000 | +€60,661 | +42.0% |
| Cash at bank and in hand | 54/58 | €1,615,928 | €12,557 | -€1.6m | -99.2% |
| Deferred charges and accrued income | 490/1 | €105 | €3,111 | +€3,006 | +2852.2% |
| Total equity and liabilities | 10/49 | €18,801,755 | €14,548,540 | -€4.3m | -22.6% |
| Equity | 10/15 | €1,354,382 | €1,470,715 | +€116,333 | +8.6% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €1,085,782 | €1,202,115 | +€116,333 | +10.7% |
| Distributable reserves | 133 | €1,085,782 | €1,202,115 | +€116,333 | +10.7% |
| Amounts payable | 17/49 | €17,447,373 | €13,077,825 | -€4.4m | -25.0% |
| Amounts payable after more than one year | 17 | €4,406,031 | €3,579,164 | -€826,867 | -18.8% |
| Financial debts | 170/4 | €4,398,936 | €3,574,664 | -€824,272 | -18.7% |
| Other amounts payable | 178/9 | €7,095 | €4,500 | -€2,595 | -36.6% |
| Amounts payable within one year | 42/48 | €12,954,515 | €9,412,858 | -€3.5m | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €236,156 | €208,909 | -€27,247 | -11.5% |
| Financial debts | 43 | €6,860,610 | €6,453,710 | -€406,900 | -5.9% |
| Credit institutions | 430/8 | €6,860,610 | €6,453,710 | -€406,900 | -5.9% |
| Trade debts | 44 | €1,983,870 | €938,234 | -€1.0m | -52.7% |
| Suppliers | 440/4 | €1,983,870 | €938,234 | -€1.0m | -52.7% |
| Taxes, remuneration and social security | 45 | €0 | €42,359 | +€42,359 | |
| Taxes | 450/3 | €0 | €42,359 | +€42,359 | |
| Other amounts payable | 47/48 | €3,873,879 | €1,769,647 | -€2.1m | -54.3% |
| Accrued charges and deferred income | 492/3 | €86,827 | €85,803 | -€1,024 | -1.2% |
| Non-recurring operating income | 76A | - | €230,312 | +€230,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,298 | €162,176 | +€17,878 | +12.4% |
| Other operating charges | 640/8 | €19,085 | €16,787 | -€2,298 | -12.0% |
| Non-recurring operating charges | 66A | - | €7,240 | +€7,240 | |
| Gross operating margin | 9900 | €1,492,400 | €703,483 | -€788,917 | -52.9% |
| Operating profit (loss) | 9901 | €1,329,017 | €517,281 | -€811,736 | -61.1% |
| Financial income | 75/76B | €0 | €3,015 | +€3,015 | +837461.1% |
| Recurring financial income | 75 | €0 | €3,015 | +€3,015 | +837461.1% |
| Financial charges | 65/66B | €952,824 | €361,604 | -€591,219 | -62.0% |
| Recurring financial charges | 65 | €952,824 | €361,604 | -€591,219 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €376,194 | €158,692 | -€217,502 | -57.8% |
| Income taxes | 67/77 | €83,161 | €42,359 | -€40,803 | -49.1% |
| Profit (loss) for the period | 9904 | €293,032 | €116,333 | -€176,699 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €293,032 | €116,333 | -€176,699 | -60.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.