BILDING: 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.
BILDING
Largest movements
- Stocks and contracts +€85,580
up €85,580 (+35.5%), from €241,296 to €326,876
of which Stocks: +€111,330
- Receivables within one year -€28,211
down €28,211 (-54.4%), from €51,835 to €23,624
of which Trade receivables: -€27,306
- Cash +€5,269
up €5,269 (+16.9%), from €31,229 to €36,499
mainly Current portion of long-term debt (+€199,552) and Receivables within one year (+€28,211)
- Current portion of long-term debt +€199,552
new in 2025: €199,552
- Debts after one year -€155,052
no longer reported in 2025 (was €155,052)
- Tax, wage and social debts +€21,402
up €21,402 (+63.8%), from €33,542 to €54,944
of which Remuneration and social security: +€20,000
- Reserves +€9,832
up €9,832 (+15.4%), from €64,003 to €73,835
of which Distributable reserves: +€9,832
- Other debts -€6,814
down €6,814 (-18.3%), from €37,265 to €30,452
- Gross operating margin +€17,653
up €17,653 (+122%), from €14,453 to €32,106
- Taxes +€5,312
up €5,312 (+681%), from €780 to €6,092
- Financial charges +€2,784
up €2,784 (+26.0%), from €10,722 to €13,505
- Other operating charges -€344
down €344 (-19.1%), from €1,801 to €1,457
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 | €327,121 | €389,721 | +€62,600 | +19.1% |
| Fixed assets | 21/28 | €454 | €715 | +€261 | +57.5% |
| Tangible fixed assets | 22/27 | €454 | €35 | -€419 | -92.3% |
| Plant, machinery and equipment | 23 | €454 | €35 | -€419 | -92.3% |
| Financial fixed assets | 28 | - | €680 | +€680 | |
| Current assets | 29/58 | €326,667 | €389,006 | +€62,339 | +19.1% |
| Amounts receivable after more than one year | 29 | €680 | - | -€680 | |
| Trade receivables | 290 | €680 | - | -€680 | |
| Stocks and contracts in progress | 3 | €241,296 | €326,876 | +€85,580 | +35.5% |
| Stocks | 30/36 | €215,546 | €326,876 | +€111,330 | +51.7% |
| Contracts in progress | 37 | €25,750 | - | -€25,750 | |
| Amounts receivable within one year | 40/41 | €51,835 | €23,624 | -€28,211 | -54.4% |
| Trade receivables | 40 | €48,736 | €21,430 | -€27,306 | -56.0% |
| Other amounts receivable | 41 | €3,099 | €2,194 | -€905 | -29.2% |
| Cash at bank and in hand | 54/58 | €31,229 | €36,499 | +€5,269 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,627 | €2,008 | +€381 | +23.4% |
| Total equity and liabilities | 10/49 | €327,121 | €389,721 | +€62,600 | +19.1% |
| Equity | 10/15 | €70,203 | €80,035 | +€9,832 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,003 | €73,835 | +€9,832 | +15.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,143 | €71,975 | +€9,832 | +15.8% |
| Amounts payable | 17/49 | €256,918 | €309,686 | +€52,768 | +20.5% |
| Amounts payable after more than one year | 17 | €155,052 | - | -€155,052 | |
| Financial debts | 170/4 | €155,052 | - | -€155,052 | |
| Amounts payable within one year | 42/48 | €101,866 | €309,686 | +€207,819 | +204% |
| Current portion of amounts payable after more than one year | 42 | - | €199,552 | +€199,552 | |
| Financial debts | 43 | €3,041 | €1,636 | -€1,405 | -46.2% |
| Other loans | 439 | €3,041 | €1,636 | -€1,405 | -46.2% |
| Trade debts | 44 | €28,017 | €23,102 | -€4,916 | -17.5% |
| Suppliers | 440/4 | €28,017 | €23,102 | -€4,916 | -17.5% |
| Taxes, remuneration and social security | 45 | €33,542 | €54,944 | +€21,402 | +63.8% |
| Taxes | 450/3 | €8,542 | €9,944 | +€1,402 | +16.4% |
| Remuneration and social security | 454/9 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Other amounts payable | 47/48 | €37,265 | €30,452 | -€6,814 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €419 | = | 0.0% |
| Other operating charges | 640/8 | €1,801 | €1,457 | -€344 | -19.1% |
| Gross operating margin | 9900 | €14,453 | €32,106 | +€17,653 | +122% |
| Operating profit (loss) | 9901 | €12,233 | €30,230 | +€17,997 | +147% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,722 | €13,505 | +€2,784 | +26.0% |
| Recurring financial charges | 65 | €10,722 | €13,505 | +€2,784 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €1,512 | €16,725 | +€15,213 | +1,006% |
| Income taxes | 67/77 | €780 | €6,092 | +€5,312 | +681% |
| Profit (loss) for the period | 9904 | €732 | €10,632 | +€9,901 | +1,353% |
| Profit (loss) for the period to be appropriated | 9905 | €732 | €10,632 | +€9,901 | +1,353% |
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 14 October 2026 via checked.be.