Be2Build: 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.
Be2Build
Largest movements
- Tangible fixed assets +€455,232
up €455,232 (+835%), from €54,530 to €509,762
of which Leasing and similar rights: +€507,904
- Cash +€115,436
up €115,436 (+44.6%), from €258,803 to €374,239
mainly Debts after one year (+€481,439) and Other debts (+€98,898)
- Receivables within one year +€42,657
up €42,657 (+133%), from €31,973 to €74,629
of which Trade receivables: +€44,395
- Debts after one year +€481,439
new in 2025: €481,439
- Other debts +€98,898
up €98,898 (+235%), from €42,000 to €140,898
- Reserves -€89,890
down €89,890 (-37.0%), from €242,704 to €152,813
of which Distributable reserves: -€89,890
- Tax, wage and social debts +€48,220
up €48,220 (+94.2%), from €51,183 to €99,403
of which Taxes: +€47,923
- Trade debts +€38,736
up €38,736 (+1,903%), from €2,035 to €40,771
- Gross operating margin +€32,581
up €32,581 (+15.6%), from €209,449 to €242,030
- Other operating charges +€25,236
up €25,236 (+333%), from €7,588 to €32,824
- Depreciation +€23,471
up €23,471 (+136%), from €17,203 to €40,674
- Taxes +€9,318
up €9,318 (+29.2%), from €31,932 to €41,249
- Financial charges +€5,753
up €5,753 (+667%), from €862 to €6,615
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.
Derived cash bridge
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 | €345,306 | €960,097 | +€614,791 | +178% |
| Fixed assets | 21/28 | €54,530 | €509,762 | +€455,232 | +835% |
| Tangible fixed assets | 22/27 | €54,530 | €509,762 | +€455,232 | +835% |
| Furniture and vehicles | 24 | €54,530 | €1,859 | -€52,672 | -96.6% |
| Leasing and similar rights | 25 | - | €507,904 | +€507,904 | |
| Current assets | 29/58 | €290,775 | €450,335 | +€159,559 | +54.9% |
| Amounts receivable within one year | 40/41 | €31,973 | €74,629 | +€42,657 | +133% |
| Trade receivables | 40 | €30,177 | €74,572 | +€44,395 | +147% |
| Other amounts receivable | 41 | €1,796 | €57 | -€1,739 | -96.8% |
| Cash at bank and in hand | 54/58 | €258,803 | €374,239 | +€115,436 | +44.6% |
| Deferred charges and accrued income | 490/1 | - | €1,467 | +€1,467 | |
| Total equity and liabilities | 10/49 | €345,306 | €960,097 | +€614,791 | +178% |
| Equity | 10/15 | €248,904 | €171,413 | -€77,490 | -31.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €242,704 | €152,813 | -€89,890 | -37.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €242,704 | €152,813 | -€89,890 | -37.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,402 | €788,684 | +€692,282 | +718% |
| Amounts payable after more than one year | 17 | - | €481,439 | +€481,439 | |
| Other amounts payable | 178/9 | - | €481,439 | +€481,439 | |
| Amounts payable within one year | 42/48 | €95,219 | €307,245 | +€212,026 | +223% |
| Current portion of amounts payable after more than one year | 42 | - | €26,172 | +€26,172 | |
| Trade debts | 44 | €2,035 | €40,771 | +€38,736 | +1,903% |
| Suppliers | 440/4 | €2,035 | €40,771 | +€38,736 | +1,903% |
| Taxes, remuneration and social security | 45 | €51,183 | €99,403 | +€48,220 | +94.2% |
| Taxes | 450/3 | €44,825 | €92,748 | +€47,923 | +107% |
| Remuneration and social security | 454/9 | €6,359 | €6,655 | +€296 | +4.7% |
| Other amounts payable | 47/48 | €42,000 | €140,898 | +€98,898 | +235% |
| Accrued charges and deferred income | 492/3 | €1,183 | €0 | -€1,183 | -100% |
| Non-recurring operating income | 76A | €3,117 | €0 | -€3,117 | -100% |
| Remuneration, social security and pensions | 62 | €39,199 | €40,585 | +€1,386 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,203 | €40,674 | +€23,471 | +136% |
| Other operating charges | 640/8 | €7,588 | €32,824 | +€25,236 | +333% |
| Gross operating margin | 9900 | €209,449 | €242,030 | +€32,581 | +15.6% |
| Operating profit (loss) | 9901 | €145,459 | €127,947 | -€17,512 | -12.0% |
| Financial income | 75/76B | €109 | €97 | -€12 | -10.7% |
| Recurring financial income | 75 | €109 | €97 | -€12 | -10.7% |
| Financial charges | 65/66B | €862 | €6,615 | +€5,753 | +667% |
| Recurring financial charges | 65 | €862 | €6,615 | +€5,753 | +667% |
| Profit (loss) for the period before taxes | 9903 | €144,706 | €121,429 | -€23,277 | -16.1% |
| Income taxes | 67/77 | €31,932 | €41,249 | +€9,318 | +29.2% |
| Profit (loss) for the period | 9904 | €112,774 | €80,180 | -€32,594 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,774 | €80,180 | -€32,594 | -28.9% |
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 25 October 2026 via checked.be.