BASE2BUILD: what changed
Two fiscal 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.
BASE2BUILD
Largest movements
- Receivables within one year +€402,964
up €402,964 (+296.5%), from €135,893 to €538,857
of which Trade receivables: +€274,034
- Cash -€103,261
down €103,261 (-78.7%), from €131,256 to €27,995
mainly Receivables within one year (-€402,964) and Contributions, distributions and other (-€350,000)
- Deferred charges and accrued income +€42,466
up €42,466 (+60.0%), from €70,798 to €113,264
- Intangible fixed assets -€10,021
down €10,021 (-35.4%), from €28,288 to €18,268
- Other debts +€349,643
up €349,643 (+97867.9%), from €357 to €350,000
- Trade debts +€123,307
up €123,307 (+3421.2%), from €3,604 to €126,911
- Short-term financial debts -€121,949
down €121,949 (-70.9%), from €171,949 to €50,000
- Accrued charges and deferred income +€68,897
up €68,897 (+5583.7%), from €1,234 to €70,131
- Reserves -€53,774
down €53,774 (-49.5%), from €108,675 to €54,901
of which Distributable reserves: -€53,774
- Gross operating margin +€267,206
up €267,206 (+157.6%), from €169,566 to €436,772
- Taxes +€79,296
up €79,296 (+567.0%), from €13,985 to €93,281
- Staff costs -€14,264
down €14,264 (-21.1%), from €67,751 to €53,487
- Financial charges -€9,681
down €9,681 (-63.8%), from €15,181 to €5,500
- Other operating charges +€8,250
up €8,250 (+633.7%), from €1,302 to €9,551
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 | €391,942 | €716,653 | +€324,711 | +82.8% |
| Formation expenses | 20 | €6,172 | €2,805 | -€3,366 | -54.5% |
| Fixed assets | 21/28 | €47,824 | €33,732 | -€14,092 | -29.5% |
| Intangible fixed assets | 21 | €28,288 | €18,268 | -€10,021 | -35.4% |
| Tangible fixed assets | 22/27 | €13,420 | €7,350 | -€6,071 | -45.2% |
| Plant, machinery and equipment | 23 | €3,607 | €764 | -€2,843 | -78.8% |
| Furniture and vehicles | 24 | €6,632 | €2,888 | -€3,744 | -56.5% |
| Other tangible fixed assets | 26 | €3,181 | €3,698 | +€517 | +16.2% |
| Financial fixed assets | 28 | €6,115 | €8,115 | +€2,000 | +32.7% |
| Current assets | 29/58 | €337,947 | €680,116 | +€342,169 | +101.2% |
| Amounts receivable within one year | 40/41 | €135,893 | €538,857 | +€402,964 | +296.5% |
| Trade receivables | 40 | €120,495 | €394,529 | +€274,034 | +227.4% |
| Other amounts receivable | 41 | €15,398 | €144,328 | +€128,930 | +837.3% |
| Cash at bank and in hand | 54/58 | €131,256 | €27,995 | -€103,261 | -78.7% |
| Deferred charges and accrued income | 490/1 | €70,798 | €113,264 | +€42,466 | +60.0% |
| Total equity and liabilities | 10/49 | €391,942 | €716,653 | +€324,711 | +82.8% |
| Equity | 10/15 | €169,182 | €73,501 | -€95,682 | -56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,675 | €54,901 | -€53,774 | -49.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,815 | €53,041 | -€53,774 | -50.3% |
| Profit (loss) carried forward | 14 | €41,908 | €0 | -€41,908 | -100.0% |
| Amounts payable | 17/49 | €222,759 | €643,152 | +€420,393 | +188.7% |
| Amounts payable within one year | 42/48 | €221,526 | €573,021 | +€351,496 | +158.7% |
| Financial debts | 43 | €171,949 | €50,000 | -€121,949 | -70.9% |
| Credit institutions | 430/8 | €171,949 | €50,000 | -€121,949 | -70.9% |
| Trade debts | 44 | €3,604 | €126,911 | +€123,307 | +3421.2% |
| Suppliers | 440/4 | €3,604 | €126,911 | +€123,307 | +3421.2% |
| Taxes, remuneration and social security | 45 | €45,616 | €46,111 | +€495 | +1.1% |
| Taxes | 450/3 | €31,497 | €46,111 | +€14,614 | +46.4% |
| Remuneration and social security | 454/9 | €14,119 | €0 | -€14,119 | -100.0% |
| Other amounts payable | 47/48 | €357 | €350,000 | +€349,643 | +97867.9% |
| Accrued charges and deferred income | 492/3 | €1,234 | €70,131 | +€68,897 | +5583.7% |
| Remuneration, social security and pensions | 62 | €67,751 | €53,487 | -€14,264 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,759 | €22,011 | -€1,748 | -7.4% |
| Other operating charges | 640/8 | €1,302 | €9,551 | +€8,250 | +633.7% |
| Non-recurring operating charges | 66A | €10,000 | €0 | -€10,000 | -100.0% |
| Gross operating margin | 9900 | €169,566 | €436,772 | +€267,206 | +157.6% |
| Operating profit (loss) | 9901 | €66,754 | €351,723 | +€284,969 | +426.9% |
| Financial income | 75/76B | €40 | €1,376 | +€1,336 | +3356.3% |
| Recurring financial income | 75 | €40 | €1,376 | +€1,336 | +3356.3% |
| Financial charges | 65/66B | €15,181 | €5,500 | -€9,681 | -63.8% |
| Recurring financial charges | 65 | €15,181 | €5,500 | -€9,681 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €51,612 | €347,599 | +€295,987 | +573.5% |
| Income taxes | 67/77 | €13,985 | €93,281 | +€79,296 | +567.0% |
| Profit (loss) for the period | 9904 | €37,627 | €254,318 | +€216,692 | +575.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,627 | €254,318 | +€216,692 | +575.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.