BE TO 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.
BE TO BUILD
Largest movements
- Receivables within one year +€224,871
up €224,871 (+180%), from €124,864 to €349,735
of which Trade receivables: +€226,920
- Trade debts +€199,243
up €199,243 (+192%), from €103,732 to €302,975
- Debts after one year +€34,200
up €34,200 (+131%), from €26,159 to €60,359
- Profit (loss) carried forward -€7,973
down €7,973 (-2.0%), from -€408,401 to -€416,374
- Gross operating margin -€5,263
down €5,263 (-231%), from -€2,277 to -€7,540
- Financial charges -€92
down €92 (-65.5%), from €140 to €48
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,855 | €383,010 | +€225,155 | +143% |
| Current assets | 29/58 | €157,855 | €383,010 | +€225,155 | +143% |
| Amounts receivable within one year | 40/41 | €124,864 | €349,735 | +€224,871 | +180% |
| Trade receivables | 40 | €118,883 | €345,803 | +€226,920 | +191% |
| Other amounts receivable | 41 | €5,981 | €3,931 | -€2,049 | -34.3% |
| Cash at bank and in hand | 54/58 | €55 | €339 | +€284 | +513% |
| Deferred charges and accrued income | 490/1 | €32,936 | €32,936 | = | 0.0% |
| Total equity and liabilities | 10/49 | €157,855 | €383,010 | +€225,155 | +143% |
| Equity | 10/15 | -€71,505 | -€79,478 | -€7,973 | -11.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €274,896 | €274,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,178 | €271,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€408,401 | -€416,374 | -€7,973 | -2.0% |
| Amounts payable | 17/49 | €229,360 | €462,488 | +€233,127 | +102% |
| Amounts payable after more than one year | 17 | €26,159 | €60,359 | +€34,200 | +131% |
| Other amounts payable | 178/9 | €26,159 | €60,359 | +€34,200 | +131% |
| Amounts payable within one year | 42/48 | €203,201 | €402,129 | +€198,927 | +97.9% |
| Trade debts | 44 | €103,732 | €302,975 | +€199,243 | +192% |
| Suppliers | 440/4 | €103,732 | €302,975 | +€199,243 | +192% |
| Advances received on contracts in progress | 46 | €84,000 | €84,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,670 | €1,355 | -€315 | -18.9% |
| Taxes | 450/3 | €494 | €179 | -€315 | -63.8% |
| Remuneration and social security | 454/9 | €1,176 | €1,176 | = | 0.0% |
| Other amounts payable | 47/48 | €13,799 | €13,799 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €384 | = | 0.0% |
| Gross operating margin | 9900 | -€2,277 | -€7,540 | -€5,263 | -231% |
| Operating profit (loss) | 9901 | -€2,661 | -€7,925 | -€5,263 | -198% |
| Financial charges | 65/66B | €140 | €48 | -€92 | -65.5% |
| Recurring financial charges | 65 | €140 | €48 | -€92 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,801 | -€7,973 | -€5,171 | -185% |
| Profit (loss) for the period | 9904 | -€2,801 | -€7,973 | -€5,171 | -185% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,801 | -€7,973 | -€5,171 | -185% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.