BREAK & BUILD: what changed
Two fiscal 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.
BREAK & BUILD
Largest movements
- Receivables within one year -€330,619
down €330,619 (-29.5%), from €1.1m to €790,800
of which Trade receivables: -€571,896
- Cash -€244,288
down €244,288 (-93.7%), from €260,598 to €16,310
mainly Trade debts (-€1.3m) and Accrued charges and deferred income (-€124)
- Financial fixed assets -€139,073
down €139,073 (-55.4%), from €250,998 to €111,925
- Deferred charges and accrued income -€20,324
down €20,324 (-62.4%), from €32,580 to €12,257
- Trade debts -€1.3m
down €1.3m (-93.9%), from €1.4m to €86,883
- Reserves +€363,194
up €363,194 (+396.9%), from €91,514 to €454,708
- Other debts +€119,940
up €119,940 (+186.3%), from €64,381 to €184,321
- Tax, wage and social debts +€104,193
up €104,193 (+56.1%), from €185,783 to €289,976
of which Taxes: +€143,413
- Gross operating margin +€570,104
up €570,104 (+77.7%), from €733,551 to €1.3m
- Staff costs +€173,600
up €173,600 (+30.6%), from €566,986 to €740,586
- Taxes +€100,154
up €100,154 (+245.7%), from €40,766 to €140,921
- Depreciation +€28,541
up €28,541 (+192.0%), from €14,869 to €43,410
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 | €1,760,861 | €1,020,765 | -€740,096 | -42.0% |
| Fixed assets | 21/28 | €346,265 | €201,399 | -€144,866 | -41.8% |
| Tangible fixed assets | 22/27 | €95,267 | €89,475 | -€5,793 | -6.1% |
| Furniture and vehicles | 24 | €95,267 | €89,475 | -€5,793 | -6.1% |
| Financial fixed assets | 28 | €250,998 | €111,925 | -€139,073 | -55.4% |
| Current assets | 29/58 | €1,414,596 | €819,366 | -€595,230 | -42.1% |
| Amounts receivable within one year | 40/41 | €1,121,418 | €790,800 | -€330,619 | -29.5% |
| Trade receivables | 40 | €1,117,196 | €545,300 | -€571,896 | -51.2% |
| Other amounts receivable | 41 | €4,223 | €245,500 | +€241,277 | +5714.0% |
| Cash at bank and in hand | 54/58 | €260,598 | €16,310 | -€244,288 | -93.7% |
| Deferred charges and accrued income | 490/1 | €32,580 | €12,257 | -€20,324 | -62.4% |
| Total equity and liabilities | 10/49 | €1,760,861 | €1,020,765 | -€740,096 | -42.0% |
| Equity | 10/15 | €94,514 | €457,708 | +€363,194 | +384.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,514 | €454,708 | +€363,194 | +396.9% |
| Distributable reserves | 133 | €91,514 | €454,708 | +€363,194 | +396.9% |
| Amounts payable | 17/49 | €1,666,347 | €563,057 | -€1.1m | -66.2% |
| Amounts payable within one year | 42/48 | €1,664,345 | €561,180 | -€1.1m | -66.3% |
| Trade debts | 44 | €1,414,182 | €86,883 | -€1.3m | -93.9% |
| Suppliers | 440/4 | €1,414,182 | €86,883 | -€1.3m | -93.9% |
| Taxes, remuneration and social security | 45 | €185,783 | €289,976 | +€104,193 | +56.1% |
| Taxes | 450/3 | €67,346 | €210,759 | +€143,413 | +212.9% |
| Remuneration and social security | 454/9 | €118,437 | €79,217 | -€39,220 | -33.1% |
| Other amounts payable | 47/48 | €64,381 | €184,321 | +€119,940 | +186.3% |
| Accrued charges and deferred income | 492/3 | €2,002 | €1,877 | -€124 | -6.2% |
| Remuneration, social security and pensions | 62 | €566,986 | €740,586 | +€173,600 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,869 | €43,410 | +€28,541 | +192.0% |
| Other operating charges | 640/8 | €2,879 | €10,454 | +€7,575 | +263.1% |
| Gross operating margin | 9900 | €733,551 | €1,303,655 | +€570,104 | +77.7% |
| Operating profit (loss) | 9901 | €148,817 | €509,205 | +€360,388 | +242.2% |
| Financial income | 75/76B | €306 | €6,452 | +€6,146 | +2007.8% |
| Recurring financial income | 75 | €306 | €6,452 | +€6,146 | +2007.8% |
| Financial charges | 65/66B | €12,964 | €11,543 | -€1,422 | -11.0% |
| Recurring financial charges | 65 | €12,964 | €11,543 | -€1,422 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €136,159 | €504,115 | +€367,956 | +270.2% |
| Income taxes | 67/77 | €40,766 | €140,921 | +€100,154 | +245.7% |
| Profit (loss) for the period | 9904 | €95,393 | €363,194 | +€267,802 | +280.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,393 | €363,194 | +€267,802 | +280.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.