ADD2BUILD: 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.
ADD2BUILD
Largest movements
- Cash -€134,489
down €134,489 (-74.2%), from €181,319 to €46,830
mainly Contributions, distributions and other (-€188,638) and Investment in fixed assets (net) (-€25,383)
- Reserves -€122,290
down €122,290 (-81.3%), from €150,398 to €28,108
- Other debts +€23,503
up €23,503 (+44.8%), from €52,502 to €76,005
- Contributions -€15,083
down €15,083 (-81.3%), from €18,550 to €3,467
- Debts after one year -€14,121
down €14,121 (-6.2%), from €226,518 to €212,397
- Tax, wage and social debts -€5,580
down €5,580 (-44.1%), from €12,661 to €7,080
- Gross operating margin -€5,326
down €5,326 (-4.6%), from €116,524 to €111,197
- Write-downs +€3,748
new in 2025: €3,748
- Depreciation +€1,859
up €1,859 (+7.2%), from €25,921 to €27,780
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.
Derived cash bridge
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 | €477,933 | €341,794 | -€136,139 | -28.5% |
| Fixed assets | 21/28 | €280,755 | €278,357 | -€2,397 | -0.9% |
| Tangible fixed assets | 22/27 | €280,755 | €278,357 | -€2,397 | -0.9% |
| Land and buildings | 22 | €259,164 | €247,289 | -€11,875 | -4.6% |
| Plant, machinery and equipment | 23 | €287 | - | -€287 | |
| Furniture and vehicles | 24 | €21,304 | €8,167 | -€13,137 | -61.7% |
| Other tangible fixed assets | 26 | - | €22,901 | +€22,901 | |
| Current assets | 29/58 | €197,179 | €63,437 | -€133,742 | -67.8% |
| Amounts receivable within one year | 40/41 | €15,244 | €14,400 | -€844 | -5.5% |
| Trade receivables | 40 | €15,244 | €14,400 | -€844 | -5.5% |
| Cash at bank and in hand | 54/58 | €181,319 | €46,830 | -€134,489 | -74.2% |
| Deferred charges and accrued income | 490/1 | €616 | €2,207 | +€1,591 | +258% |
| Total equity and liabilities | 10/49 | €477,933 | €341,794 | -€136,139 | -28.5% |
| Equity | 10/15 | €168,948 | €31,575 | -€137,374 | -81.3% |
| Contributions | 10/11 | €18,550 | €3,467 | -€15,083 | -81.3% |
| Reserves | 13 | €150,398 | €28,108 | -€122,290 | -81.3% |
| Distributable reserves | 133 | €150,398 | €28,108 | -€122,290 | -81.3% |
| Amounts payable | 17/49 | €308,985 | €310,219 | +€1,234 | +0.4% |
| Amounts payable after more than one year | 17 | €226,518 | €212,397 | -€14,121 | -6.2% |
| Financial debts | 170/4 | €226,518 | €212,397 | -€14,121 | -6.2% |
| Amounts payable within one year | 42/48 | €82,467 | €97,822 | +€15,355 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €16,428 | €14,121 | -€2,307 | -14.0% |
| Trade debts | 44 | €877 | €616 | -€261 | -29.8% |
| Suppliers | 440/4 | €877 | €616 | -€261 | -29.8% |
| Taxes, remuneration and social security | 45 | €12,661 | €7,080 | -€5,580 | -44.1% |
| Taxes | 450/3 | €12,661 | €7,080 | -€5,580 | -44.1% |
| Other amounts payable | 47/48 | €52,502 | €76,005 | +€23,503 | +44.8% |
| Remuneration, social security and pensions | 62 | €1,012 | €8 | -€1,004 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,921 | €27,780 | +€1,859 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,748 | +€3,748 | |
| Other operating charges | 640/8 | €831 | €1,844 | +€1,013 | +122% |
| Gross operating margin | 9900 | €116,524 | €111,197 | -€5,326 | -4.6% |
| Operating profit (loss) | 9901 | €88,759 | €77,816 | -€10,943 | -12.3% |
| Financial charges | 65/66B | €9,894 | €9,513 | -€381 | -3.9% |
| Recurring financial charges | 65 | €9,894 | €9,513 | -€381 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €78,866 | €68,304 | -€10,562 | -13.4% |
| Income taxes | 67/77 | €16,610 | €17,039 | +€430 | +2.6% |
| Profit (loss) for the period | 9904 | €62,256 | €51,264 | -€10,992 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,256 | €51,264 | -€10,992 | -17.7% |
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 15 October 2026 via checked.be.