B&W-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&W-BUILD
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-97.4%), from €1.7m to €43,547
- Cash -€417,921
down €417,921 (-63.3%), from €659,901 to €241,980
mainly Advances received (-€2.1m) and Tax, wage and social debts (-€144,556)
- Receivables within one year -€94,682
down €94,682 (-48.9%), from €193,544 to €98,862
of which Trade receivables: -€83,244
- Advances received -€2.1m
down €2.1m (-100.0%), from €2.1m to €0
- Profit (loss) carried forward +€219,328
up €219,328 (+274.2%), from €79,976 to €299,303
- Tax, wage and social debts -€144,556
down €144,556 (-98.8%), from €146,268 to €1,712
- Trade debts -€74,410
down €74,410 (-54.1%), from €137,477 to €63,067
- Other debts -€27,530
down €27,530 (-91.8%), from €30,000 to €2,470
- Gross operating margin +€112,261
up €112,261 (+49.5%), from €226,708 to €338,969
- Taxes +€46,512
up €46,512 (+173.9%), from €26,750 to €73,262
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 | €2,524,119 | €388,052 | -€2.1m | -84.6% |
| Current assets | 29/58 | €2,524,119 | €388,052 | -€2.1m | -84.6% |
| Stocks and contracts in progress | 3 | €1,666,383 | €43,547 | -€1.6m | -97.4% |
| Contracts in progress | 37 | €1,666,383 | €43,547 | -€1.6m | -97.4% |
| Amounts receivable within one year | 40/41 | €193,544 | €98,862 | -€94,682 | -48.9% |
| Trade receivables | 40 | €112,367 | €29,123 | -€83,244 | -74.1% |
| Other amounts receivable | 41 | €81,177 | €69,739 | -€11,438 | -14.1% |
| Cash at bank and in hand | 54/58 | €659,901 | €241,980 | -€417,921 | -63.3% |
| Deferred charges and accrued income | 490/1 | €4,291 | €3,664 | -€627 | -14.6% |
| Total equity and liabilities | 10/49 | €2,524,119 | €388,052 | -€2.1m | -84.6% |
| Equity | 10/15 | €89,976 | €319,303 | +€229,328 | +254.9% |
| Contributions | 10/11 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Profit (loss) carried forward | 14 | €79,976 | €299,303 | +€219,328 | +274.2% |
| Amounts payable | 17/49 | €2,434,143 | €68,749 | -€2.4m | -97.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,434,143 | €67,249 | -€2.4m | -97.2% |
| Trade debts | 44 | €137,477 | €63,067 | -€74,410 | -54.1% |
| Suppliers | 440/4 | €137,477 | €63,067 | -€74,410 | -54.1% |
| Advances received on contracts in progress | 46 | €2,120,398 | €0 | -€2.1m | -100.0% |
| Taxes, remuneration and social security | 45 | €146,268 | €1,712 | -€144,556 | -98.8% |
| Taxes | 450/3 | €146,268 | €1,712 | -€144,556 | -98.8% |
| Other amounts payable | 47/48 | €30,000 | €2,470 | -€27,530 | -91.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €620 | €1,656 | +€1,036 | +167.2% |
| Gross operating margin | 9900 | €226,708 | €338,969 | +€112,261 | +49.5% |
| Operating profit (loss) | 9901 | €226,089 | €337,313 | +€111,225 | +49.2% |
| Financial income | 75/76B | €2,887 | €1,614 | -€1,273 | -44.1% |
| Recurring financial income | 75 | €2,887 | €1,614 | -€1,273 | -44.1% |
| Financial charges | 65/66B | €43,244 | €46,338 | +€3,094 | +7.2% |
| Recurring financial charges | 65 | €43,244 | €46,338 | +€3,094 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €185,732 | €292,590 | +€106,858 | +57.5% |
| Income taxes | 67/77 | €26,750 | €73,262 | +€46,512 | +173.9% |
| Profit (loss) for the period | 9904 | €158,982 | €219,328 | +€60,346 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €158,982 | €219,328 | +€60,346 | +38.0% |
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 12 October 2026 via checked.be.