Bedrijfsbouw: 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.
Bedrijfsbouw
Largest movements
- Receivables within one year -€636,996
down €636,996 (-52.5%), from €1.2m to €576,382
of which Other amounts receivable: -€653,096
- Cash +€178,891
up €178,891 (+2,104%), from €8,504 to €187,395
mainly Receivables within one year (+€636,996) and Net result for the year (+€544,374)
- Tangible fixed assets -€166,391
down €166,391 (-7.3%), from €2.3m to €2.1m
of which Land and buildings: -€129,297
- Profit (loss) carried forward -€675,620
down €675,620 (-89.9%), from €751,476 to €75,856
- Debts after one year -€248,359
down €248,359 (-15.0%), from €1.7m to €1.4m
- Reserves +€169,994
up €169,994 (+47.6%), from €357,036 to €527,030
of which Tax-exempt reserves: +€169,994
- Other debts +€126,218
up €126,218 (+48.5%), from €260,066 to €386,284
- Trade debts -€57,277
down €57,277 (-57.9%), from €98,963 to €41,686
- Gross operating margin +€396,393
up €396,393 (+70.4%), from €562,857 to €959,251
- Write-downs -€68,340
down €68,340 (-100%), from €68,340 to €0
- Financial charges -€32,464
down €32,464 (-43.9%), from €73,958 to €41,494
- Taxes +€28,580
up €28,580 (+187%), from €15,288 to €43,868
- Financial income -€14,360
down €14,360 (-29.5%), from €48,713 to €34,354
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 | €3,557,212 | €2,908,689 | -€648,523 | -18.2% |
| Fixed assets | 21/28 | €2,277,089 | €2,110,698 | -€166,391 | -7.3% |
| Tangible fixed assets | 22/27 | €2,273,379 | €2,106,988 | -€166,391 | -7.3% |
| Land and buildings | 22 | €2,198,957 | €2,069,660 | -€129,297 | -5.9% |
| Plant, machinery and equipment | 23 | €5,270 | €4,033 | -€1,237 | -23.5% |
| Furniture and vehicles | 24 | €69,152 | €33,295 | -€35,857 | -51.9% |
| Financial fixed assets | 28 | €3,710 | €3,710 | = | 0.0% |
| Current assets | 29/58 | €1,280,123 | €797,991 | -€482,131 | -37.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,213,378 | €576,382 | -€636,996 | -52.5% |
| Trade receivables | 40 | €48,063 | €64,163 | +€16,100 | +33.5% |
| Other amounts receivable | 41 | €1,165,315 | €512,219 | -€653,096 | -56.0% |
| Cash at bank and in hand | 54/58 | €8,504 | €187,395 | +€178,891 | +2,104% |
| Deferred charges and accrued income | 490/1 | €58,241 | €34,214 | -€24,027 | -41.3% |
| Total equity and liabilities | 10/49 | €3,557,212 | €2,908,689 | -€648,523 | -18.2% |
| Equity | 10/15 | €1,170,512 | €664,886 | -€505,626 | -43.2% |
| 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 | €357,036 | €527,030 | +€169,994 | +47.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €350,836 | €520,830 | +€169,994 | +48.5% |
| Profit (loss) carried forward | 14 | €751,476 | €75,856 | -€675,620 | -89.9% |
| Provisions and deferred taxes | 16 | €32,642 | €88,739 | +€56,097 | +172% |
| Deferred taxes | 168 | €32,642 | €88,739 | +€56,097 | +172% |
| Amounts payable | 17/49 | €2,354,058 | €2,155,064 | -€198,994 | -8.5% |
| Amounts payable after more than one year | 17 | €1,652,493 | €1,404,134 | -€248,359 | -15.0% |
| Financial debts | 170/4 | €1,652,493 | €1,404,134 | -€248,359 | -15.0% |
| Amounts payable within one year | 42/48 | €696,288 | €746,712 | +€50,424 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €272,148 | €248,359 | -€23,789 | -8.7% |
| Trade debts | 44 | €98,963 | €41,686 | -€57,277 | -57.9% |
| Suppliers | 440/4 | €98,963 | €41,686 | -€57,277 | -57.9% |
| Taxes, remuneration and social security | 45 | €65,110 | €70,383 | +€5,273 | +8.1% |
| Taxes | 450/3 | €61,054 | €66,320 | +€5,265 | +8.6% |
| Remuneration and social security | 454/9 | €4,056 | €4,063 | +€7 | +0.2% |
| Other amounts payable | 47/48 | €260,066 | €386,284 | +€126,218 | +48.5% |
| Accrued charges and deferred income | 492/3 | €5,277 | €4,218 | -€1,059 | -20.1% |
| Non-recurring operating income | 76A | - | €230,825 | +€230,825 | |
| Remuneration, social security and pensions | 62 | €5,790 | €6,148 | +€359 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,251 | €168,156 | -€5,095 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €68,340 | €0 | -€68,340 | -100% |
| Other operating charges | 640/8 | €131,839 | €133,467 | +€1,628 | +1.2% |
| Gross operating margin | 9900 | €562,857 | €959,251 | +€396,393 | +70.4% |
| Operating profit (loss) | 9901 | €183,638 | €651,479 | +€467,841 | +255% |
| Financial income | 75/76B | €48,713 | €34,354 | -€14,360 | -29.5% |
| Recurring financial income | 75 | €48,713 | €34,354 | -€14,360 | -29.5% |
| Financial charges | 65/66B | €73,958 | €41,494 | -€32,464 | -43.9% |
| Recurring financial charges | 65 | €73,958 | €41,494 | -€32,464 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €158,393 | €644,339 | +€485,945 | +307% |
| Transfer from deferred taxes | 780 | €1,609 | €1,609 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | - | €57,706 | +€57,706 | |
| Income taxes | 67/77 | €15,288 | €43,868 | +€28,580 | +187% |
| Profit (loss) for the period | 9904 | €144,715 | €544,374 | +€399,659 | +276% |
| Transfer from tax-exempt reserves | 789 | €3,125 | €3,125 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €173,119 | +€173,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,840 | €374,380 | +€226,540 | +153% |
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 30 October 2026 via checked.be.