BELGIAN BUILDING PROJECTS: 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.
BELGIAN BUILDING PROJECTS
Largest movements
- Tangible fixed assets -€773,709
down €773,709 (-7.9%), from €9.8m to €9.1m
- Stocks and contracts -€119,533
down €119,533 (-100.0%), from €119,533 to €0
- Debts after one year -€678,172
down €678,172 (-11.7%), from €5.8m to €5.1m
- Other debts +€371,480
up €371,480 (+8.5%), from €4.4m to €4.7m
- Profit (loss) carried forward -€295,367
down €295,367 (-35.9%), from -€823,764 to -€1.1m
- Short-term financial debts -€169,629
down €169,629 (-100.0%), from €169,629 to €0
- Accrued charges and deferred income -€118,401
down €118,401 (-100.0%), from €118,401 to €0
- Gross operating margin +€422,264
up €422,264 (+1044.3%), from €40,436 to €462,700
- Depreciation +€254,962
up €254,962 (+1016.9%), from €25,073 to €280,034
- Financial charges -€94,605
down €94,605 (-20.5%), from €461,339 to €366,734
- Staff costs +€37,980
up €37,980 (+1239.9%), from €3,063 to €41,043
- Other operating charges -€13,096
down €13,096 (-15.6%), from €83,805 to €70,709
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 | €9,958,389 | €9,068,836 | -€889,553 | -8.9% |
| Fixed assets | 21/28 | €9,838,672 | €9,063,817 | -€774,856 | -7.9% |
| Intangible fixed assets | 21 | €2,807 | €1,660 | -€1,147 | -40.9% |
| Tangible fixed assets | 22/27 | €9,835,865 | €9,062,157 | -€773,709 | -7.9% |
| Land and buildings | 22 | €9,835,865 | €9,062,157 | -€773,709 | -7.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €119,716 | €5,019 | -€114,697 | -95.8% |
| Stocks and contracts in progress | 3 | €119,533 | €0 | -€119,533 | -100.0% |
| Stocks | 30/36 | €119,533 | €0 | -€119,533 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €108 | €4,983 | +€4,874 | +4495.4% |
| Deferred charges and accrued income | 490/1 | €75 | €36 | -€39 | -51.5% |
| Total equity and liabilities | 10/49 | €9,958,389 | €9,068,836 | -€889,553 | -8.9% |
| Equity | 10/15 | -€803,304 | -€1,098,671 | -€295,367 | -36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€823,764 | -€1,119,131 | -€295,367 | -35.9% |
| Amounts payable | 17/49 | €10,761,692 | €10,167,507 | -€594,186 | -5.5% |
| Amounts payable after more than one year | 17 | €5,805,000 | €5,126,828 | -€678,172 | -11.7% |
| Financial debts | 170/4 | €5,805,000 | €5,126,828 | -€678,172 | -11.7% |
| Amounts payable within one year | 42/48 | €4,838,292 | €5,040,679 | +€202,388 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €175,380 | €156,180 | -€19,200 | -10.9% |
| Financial debts | 43 | €169,629 | €0 | -€169,629 | -100.0% |
| Credit institutions | 430/8 | €169,629 | €0 | -€169,629 | -100.0% |
| Trade debts | 44 | €141,166 | €153,728 | +€12,562 | +8.9% |
| Suppliers | 440/4 | €141,166 | €153,728 | +€12,562 | +8.9% |
| Taxes, remuneration and social security | 45 | €1,040 | €8,214 | +€7,174 | +690.0% |
| Taxes | 450/3 | €208 | €998 | +€790 | +380.1% |
| Remuneration and social security | 454/9 | €832 | €7,216 | +€6,384 | +767.4% |
| Other amounts payable | 47/48 | €4,351,077 | €4,722,557 | +€371,480 | +8.5% |
| Accrued charges and deferred income | 492/3 | €118,401 | €0 | -€118,401 | -100.0% |
| Remuneration, social security and pensions | 62 | €3,063 | €41,043 | +€37,980 | +1239.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,073 | €280,034 | +€254,962 | +1016.9% |
| Other operating charges | 640/8 | €83,805 | €70,709 | -€13,096 | -15.6% |
| Gross operating margin | 9900 | €40,436 | €462,700 | +€422,264 | +1044.3% |
| Operating profit (loss) | 9901 | -€71,505 | €70,914 | +€142,419 | |
| Financial income | 75/76B | €25 | €453 | +€428 | +1719.4% |
| Recurring financial income | 75 | €25 | €453 | +€428 | +1719.4% |
| Financial charges | 65/66B | €461,339 | €366,734 | -€94,605 | -20.5% |
| Recurring financial charges | 65 | €461,339 | €366,734 | -€94,605 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€532,819 | -€295,367 | +€237,452 | +44.6% |
| Profit (loss) for the period | 9904 | -€532,819 | -€295,367 | +€237,452 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€532,819 | -€295,367 | +€237,452 | +44.6% |
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 10 October 2026 via checked.be.