Belgian Building Materials: what changed
What changed
Belgian Building Materials
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
€371,776
2024 · €328,416+€43,360
Equity
€3.5m
2024 · €3.4m+€191,776
Cash
€1.4m
2024 · €631,797+€750,242
Balance sheet total
€4.5m
2024 · €4.6m-€87,061
Largest movements
Assets
- Cash +€750,242
up €750,242 (+119%), from €631,797 to €1.4m
mainly Receivables within one year (+€523,591) and Net result for the year (+€371,776)
- Receivables within one year -€523,591
down €523,591 (-25.9%), from €2.0m to €1.5m
of which Trade receivables: -€483,189
- Stocks and contracts -€179,202
down €179,202 (-14.7%), from €1.2m to €1.0m
- Tangible fixed assets -€172,456
down €172,456 (-26.1%), from €661,414 to €488,958
of which Furniture and vehicles: -€86,912
Equity and liabilities
- Trade debts -€363,490
down €363,490 (-47.3%), from €767,882 to €404,392
- Profit (loss) carried forward +€191,776
up €191,776 (+5.8%), from €3.3m to €3.5m
- Other debts +€180,375
up €180,375 (+63,387%), from €285 to €180,659
- Debts after one year -€125,952
down €125,952 (-46.1%), from €272,950 to €146,998
Income statement
- Financial income -€46,201
down €46,201 (-12.7%), from €362,665 to €316,464
- Staff costs -€45,938
down €45,938 (-16.6%), from €276,285 to €230,347
- Depreciation +€38,554
up €38,554 (+31.2%), from €123,534 to €162,088
- Gross operating margin +€36,022
up €36,022 (+6.3%), from €575,044 to €611,065
- Financial charges -€31,976
down €31,976 (-69.3%), from €46,143 to €14,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€328,416
Gross operating margin
+€36,022
Staff costs
+€45,938
Depreciation
-€38,554
Write-downs
+€24,929
Other operating charges
-€11,971
Other operating items
-€1,927
Financial income
-€46,201
Financial charges
+€31,976
Taxes
+€3,148
Result 2025
€371,776
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
+€10,220
Financing
-€325,352
Cash 2024
€631,797
From operations (derived)
+€1.1m
Net result for the year
+€371,776
Depreciation
+€162,088
Stocks and contracts
+€179,202
Receivables within one year
+€523,591
Deferred charges and accrued income
-€37,799
Trade debts
-€363,490
Tax, wage and social debts
+€5,848
Other debts
+€180,375
Accrued charges and deferred income
+€43,782
Investment (derived)
+€10,220
Investment in fixed assets (net)
+€10,220
Financing
-€325,352
Debts after one year
-€125,952
Current portion of long-term debt
-€19,400
Contributions, distributions and other
-€180,000
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,572,004 | €4,484,943 | -€87,061 | -1.9% |
| Fixed assets | 21/28 | €677,791 | €505,483 | -€172,308 | -25.4% |
| Tangible fixed assets | 22/27 | €661,414 | €488,958 | -€172,456 | -26.1% |
| Plant, machinery and equipment | 23 | €184,788 | €146,671 | -€38,117 | -20.6% |
| Furniture and vehicles | 24 | €329,665 | €242,753 | -€86,912 | -26.4% |
| Leasing and similar rights | 25 | €127,308 | €79,844 | -€47,464 | -37.3% |
| Other tangible fixed assets | 26 | €19,653 | €19,690 | +€37 | +0.2% |
| Financial fixed assets | 28 | €16,377 | €16,525 | +€148 | +0.9% |
| Current assets | 29/58 | €3,894,213 | €3,979,460 | +€85,247 | +2.2% |
| Stocks and contracts in progress | 3 | €1,219,170 | €1,039,967 | -€179,202 | -14.7% |
| Stocks | 30/36 | €1,219,170 | €1,039,967 | -€179,202 | -14.7% |
| Amounts receivable within one year | 40/41 | €2,023,641 | €1,500,049 | -€523,591 | -25.9% |
| Trade receivables | 40 | €1,960,940 | €1,477,751 | -€483,189 | -24.6% |
| Other amounts receivable | 41 | €62,700 | €22,298 | -€40,402 | -64.4% |
| Cash at bank and in hand | 54/58 | €631,797 | €1,382,039 | +€750,242 | +119% |
| Deferred charges and accrued income | 490/1 | €19,605 | €57,404 | +€37,799 | +193% |
| Total equity and liabilities | 10/49 | €4,572,004 | €4,484,943 | -€87,061 | -1.9% |
| Equity | 10/15 | €3,357,846 | €3,549,623 | +€191,776 | +5.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,290,196 | €3,481,973 | +€191,776 | +5.8% |
| Amounts payable | 17/49 | €1,214,158 | €935,320 | -€278,837 | -23.0% |
| Amounts payable after more than one year | 17 | €272,950 | €146,998 | -€125,952 | -46.1% |
| Financial debts | 170/4 | €272,950 | €146,998 | -€125,952 | -46.1% |
| Amounts payable within one year | 42/48 | €940,355 | €743,687 | -€196,668 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €145,351 | €125,951 | -€19,400 | -13.3% |
| Trade debts | 44 | €767,882 | €404,392 | -€363,490 | -47.3% |
| Suppliers | 440/4 | €767,882 | €404,392 | -€363,490 | -47.3% |
| Taxes, remuneration and social security | 45 | €26,837 | €32,685 | +€5,848 | +21.8% |
| Taxes | 450/3 | €3,368 | €4,413 | +€1,045 | +31.0% |
| Remuneration and social security | 454/9 | €23,469 | €28,272 | +€4,804 | +20.5% |
| Other amounts payable | 47/48 | €285 | €180,659 | +€180,375 | +63,387% |
| Accrued charges and deferred income | 492/3 | €853 | €44,636 | +€43,782 | +5,132% |
| Remuneration, social security and pensions | 62 | €276,285 | €230,347 | -€45,938 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,534 | €162,088 | +€38,554 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,373 | -€12,556 | -€24,929 | |
| Other operating charges | 640/8 | €35,089 | €47,060 | +€11,971 | +34.1% |
| Non-recurring operating charges | 66A | - | €1,927 | +€1,927 | |
| Gross operating margin | 9900 | €575,044 | €611,065 | +€36,022 | +6.3% |
| Operating profit (loss) | 9901 | €127,763 | €182,200 | +€54,437 | +42.6% |
| Financial income | 75/76B | €362,665 | €316,464 | -€46,201 | -12.7% |
| Recurring financial income | 75 | €362,665 | €316,464 | -€46,201 | -12.7% |
| Financial charges | 65/66B | €46,143 | €14,167 | -€31,976 | -69.3% |
| Recurring financial charges | 65 | €46,143 | €14,167 | -€31,976 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €444,285 | €484,497 | +€40,212 | +9.1% |
| Income taxes | 67/77 | €115,868 | €112,721 | -€3,148 | -2.7% |
| Profit (loss) for the period | 9904 | €328,416 | €371,776 | +€43,360 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €328,416 | €371,776 | +€43,360 | +13.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.