AS BUILT DIGITAL: 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.
AS BUILT DIGITAL
Largest movements
- Intangible fixed assets -€205,104
down €205,104 (-47.5%), from €432,222 to €227,118
- Receivables within one year +€120,764
up €120,764 (+2461.9%), from €4,905 to €125,669
of which Trade receivables: +€123,983
- Cash -€11,076
no longer reported in 2025 (was €11,076)
mainly Receivables within one year (-€120,764) and Contributions, distributions and other (-€66,860)
- Investment grants -€66,860
down €66,860 (-56.5%), from €118,341 to €51,482
- Debts after one year -€40,861
down €40,861 (-24.1%), from €169,245 to €128,384
- Other debts +€28,014
new in 2025: €28,014
- Profit (loss) carried forward -€25,194
down €25,194 (-15.7%), from -€160,650 to -€185,845
- Trade debts +€19,078
up €19,078 (+630.5%), from €3,026 to €22,104
- Staff costs -€124,285
down €124,285 (-67.1%), from €185,331 to €61,047
- Financial income +€32,205
up €32,205 (+38.7%), from €83,310 to €115,515
of which Non-recurring financial income: +€48,654
- Depreciation +€20,726
up €20,726 (+11.1%), from €186,361 to €207,087
- Financial charges -€2,606
down €2,606 (-19.3%), from €13,470 to €10,863
- Gross operating margin -€2,492
down €2,492 (-1.7%), from €142,990 to €140,499
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 | €456,605 | €356,754 | -€99,851 | -21.9% |
| Formation expenses | 20 | €1,595 | €1,150 | -€445 | -27.9% |
| Fixed assets | 21/28 | €436,476 | €228,098 | -€208,378 | -47.7% |
| Intangible fixed assets | 21 | €432,222 | €227,118 | -€205,104 | -47.5% |
| Tangible fixed assets | 22/27 | €4,254 | €979 | -€3,274 | -77.0% |
| Furniture and vehicles | 24 | €4,254 | €979 | -€3,274 | -77.0% |
| Current assets | 29/58 | €18,535 | €127,506 | +€108,971 | +587.9% |
| Amounts receivable within one year | 40/41 | €4,905 | €125,669 | +€120,764 | +2461.9% |
| Trade receivables | 40 | €1,640 | €125,622 | +€123,983 | +7562.0% |
| Other amounts receivable | 41 | €3,266 | €47 | -€3,219 | -98.6% |
| Cash at bank and in hand | 54/58 | €11,076 | - | -€11,076 | |
| Deferred charges and accrued income | 490/1 | €2,554 | €1,837 | -€717 | -28.1% |
| Total equity and liabilities | 10/49 | €456,605 | €356,754 | -€99,851 | -21.9% |
| Equity | 10/15 | €207,691 | €115,637 | -€92,054 | -44.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,650 | -€185,845 | -€25,194 | -15.7% |
| Investment grants | 15 | €118,341 | €51,482 | -€66,860 | -56.5% |
| Amounts payable | 17/49 | €248,914 | €241,117 | -€7,797 | -3.1% |
| Amounts payable after more than one year | 17 | €169,245 | €128,384 | -€40,861 | -24.1% |
| Financial debts | 170/4 | €169,245 | €128,384 | -€40,861 | -24.1% |
| Amounts payable within one year | 42/48 | €78,638 | €109,465 | +€30,827 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €62,238 | €56,175 | -€6,062 | -9.7% |
| Financial debts | 43 | - | €237 | +€237 | |
| Credit institutions | 430/8 | - | €237 | +€237 | |
| Trade debts | 44 | €3,026 | €22,104 | +€19,078 | +630.5% |
| Suppliers | 440/4 | €3,026 | €22,104 | +€19,078 | +630.5% |
| Taxes, remuneration and social security | 45 | €13,374 | €2,934 | -€10,440 | -78.1% |
| Taxes | 450/3 | €506 | €2,934 | +€2,429 | +480.3% |
| Remuneration and social security | 454/9 | €12,868 | - | -€12,868 | |
| Other amounts payable | 47/48 | - | €28,014 | +€28,014 | |
| Accrued charges and deferred income | 492/3 | €1,032 | €3,268 | +€2,236 | +216.7% |
| Remuneration, social security and pensions | 62 | €185,331 | €61,047 | -€124,285 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,361 | €207,087 | +€20,726 | +11.1% |
| Other operating charges | 640/8 | €965 | €2,023 | +€1,059 | +109.7% |
| Gross operating margin | 9900 | €142,990 | €140,499 | -€2,492 | -1.7% |
| Operating profit (loss) | 9901 | -€229,667 | -€129,659 | +€100,008 | +43.5% |
| Financial income | 75/76B | €83,310 | €115,515 | +€32,205 | +38.7% |
| Recurring financial income | 75 | €83,310 | €66,861 | -€16,450 | -19.7% |
| Non-recurring financial income | 76B | - | €48,654 | +€48,654 | |
| Financial charges | 65/66B | €13,470 | €10,863 | -€2,606 | -19.3% |
| Recurring financial charges | 65 | €13,470 | €10,863 | -€2,606 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€159,826 | -€25,007 | +€134,819 | +84.4% |
| Income taxes | 67/77 | €824 | €187 | -€637 | -77.3% |
| Profit (loss) for the period | 9904 | -€160,650 | -€25,194 | +€135,456 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,650 | -€25,194 | +€135,456 | +84.3% |
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 11 October 2026 via checked.be.