B.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.
B.BUILD
Largest movements
- Tangible fixed assets +€283,699
up €283,699 (+140.8%), from €201,477 to €485,176
- Receivables within one year +€64,653
new in 2025: €64,653
- Cash -€24,175
down €24,175 (-78.5%), from €30,803 to €6,628
mainly Investment in fixed assets (net) (-€304,297) and Contributions, distributions and other (-€150,000)
- Debts after one year +€227,186
new in 2025: €227,186
- Other debts +€222,395
up €222,395 (+2584.3%), from €8,606 to €231,000
- Reserves -€134,140
down €134,140 (-92.1%), from €145,590 to €11,450
of which Distributable reserves: -€131,179
- Current portion of long-term debt +€10,298
new in 2025: €10,298
- Taxes -€5,608
down €5,608 (-100.0%), from €5,608 to €0
- Other operating charges +€3,628
up €3,628 (+204.6%), from €1,773 to €5,400
- Financial charges +€2,649
new in 2025: €2,649
- Depreciation -€2,294
down €2,294 (-10.0%), from €22,892 to €20,598
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 | €242,036 | €566,249 | +€324,213 | +134.0% |
| Fixed assets | 21/28 | €201,477 | €485,176 | +€283,699 | +140.8% |
| Tangible fixed assets | 22/27 | €201,477 | €485,176 | +€283,699 | +140.8% |
| Land and buildings | 22 | €201,477 | €485,176 | +€283,699 | +140.8% |
| Current assets | 29/58 | €40,559 | €81,074 | +€40,515 | +99.9% |
| Amounts receivable within one year | 40/41 | - | €64,653 | +€64,653 | |
| Other amounts receivable | 41 | - | €64,653 | +€64,653 | |
| Cash at bank and in hand | 54/58 | €30,803 | €6,628 | -€24,175 | -78.5% |
| Deferred charges and accrued income | 490/1 | €9,756 | €9,793 | +€37 | +0.4% |
| Total equity and liabilities | 10/49 | €242,036 | €566,249 | +€324,213 | +134.0% |
| Equity | 10/15 | €213,592 | €79,452 | -€134,140 | -62.8% |
| Contributions | 10/11 | €68,002 | €68,002 | = | 0.0% |
| Reserves | 13 | €145,590 | €11,450 | -€134,140 | -92.1% |
| Tax-exempt reserves | 132 | €11,856 | €8,895 | -€2,961 | -25.0% |
| Distributable reserves | 133 | €133,733 | €2,554 | -€131,179 | -98.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €14,231 | €12,706 | -€1,525 | -10.7% |
| Deferred taxes | 168 | €14,231 | €12,706 | -€1,525 | -10.7% |
| Amounts payable | 17/49 | €14,213 | €474,091 | +€459,878 | +3235.6% |
| Amounts payable after more than one year | 17 | - | €227,186 | +€227,186 | |
| Financial debts | 170/4 | - | €227,186 | +€227,186 | |
| Amounts payable within one year | 42/48 | €14,213 | €246,905 | +€232,692 | +1637.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,298 | +€10,298 | |
| Taxes, remuneration and social security | 45 | €5,608 | €5,608 | = | 0.0% |
| Taxes | 450/3 | €5,608 | €5,608 | = | 0.0% |
| Other amounts payable | 47/48 | €8,606 | €231,000 | +€222,395 | +2584.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,892 | €20,598 | -€2,294 | -10.0% |
| Other operating charges | 640/8 | €1,773 | €5,400 | +€3,628 | +204.6% |
| Gross operating margin | 9900 | €42,569 | €42,982 | +€413 | +1.0% |
| Operating profit (loss) | 9901 | €17,904 | €16,984 | -€921 | -5.1% |
| Financial charges | 65/66B | - | €2,649 | +€2,649 | |
| Recurring financial charges | 65 | - | €2,649 | +€2,649 | |
| Profit (loss) for the period before taxes | 9903 | €17,904 | €14,335 | -€3,569 | -19.9% |
| Transfer from deferred taxes | 780 | €1,779 | €1,525 | -€254 | -14.3% |
| Income taxes | 67/77 | €5,608 | €0 | -€5,608 | -100.0% |
| Profit (loss) for the period | 9904 | €14,076 | €15,860 | +€1,784 | +12.7% |
| Transfer from tax-exempt reserves | 789 | €3,455 | €2,961 | -€494 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,530 | €18,821 | +€1,291 | +7.4% |
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.