BS.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.
BS.Build
Largest movements
- Receivables within one year +€33,302
up €33,302 (+521.5%), from €6,387 to €39,689
of which Trade receivables: +€27,431
- Cash -€6,115
down €6,115 (-79.5%), from €7,693 to €1,577
mainly Receivables within one year (-€33,302) and Investment in fixed assets (net) (-€9,210)
- Stocks and contracts +€3,669
up €3,669 (+71.3%), from €5,145 to €8,814
- Tangible fixed assets +€2,646
up €2,646 (+14.9%), from €17,806 to €20,452
of which Plant, machinery and equipment: +€2,277
- Deferred charges and accrued income +€918
up €918 (+73.3%), from €1,253 to €2,170
- Profit (loss) carried forward +€38,829
up €38,829, from -€1,681 to €37,148
- Other debts -€9,165
down €9,165 (-60.7%), from €15,106 to €5,941
- Tax, wage and social debts +€7,694
up €7,694 (+452.3%), from €1,701 to €9,395
- Debts after one year -€3,723
down €3,723 (-51.0%), from €7,297 to €3,574
- Gross operating margin +€51,989
up €51,989 (+1047.7%), from €4,962 to €56,952
- Taxes +€9,395
new in 2025: €9,395
- Depreciation +€1,847
up €1,847 (+33.8%), from €5,467 to €7,314
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 | €40,424 | €74,094 | +€33,670 | +83.3% |
| Fixed assets | 21/28 | €19,947 | €21,843 | +€1,896 | +9.5% |
| Intangible fixed assets | 21 | €2,141 | €1,391 | -€750 | -35.0% |
| Tangible fixed assets | 22/27 | €17,806 | €20,452 | +€2,646 | +14.9% |
| Plant, machinery and equipment | 23 | €4,892 | €7,169 | +€2,277 | +46.5% |
| Furniture and vehicles | 24 | €12,914 | €13,283 | +€369 | +2.9% |
| Current assets | 29/58 | €20,477 | €52,251 | +€31,774 | +155.2% |
| Stocks and contracts in progress | 3 | €5,145 | €8,814 | +€3,669 | +71.3% |
| Stocks | 30/36 | €5,145 | €8,814 | +€3,669 | +71.3% |
| Amounts receivable within one year | 40/41 | €6,387 | €39,689 | +€33,302 | +521.5% |
| Trade receivables | 40 | €6,387 | €33,818 | +€27,431 | +429.5% |
| Other amounts receivable | 41 | - | €5,871 | +€5,871 | |
| Cash at bank and in hand | 54/58 | €7,693 | €1,577 | -€6,115 | -79.5% |
| Deferred charges and accrued income | 490/1 | €1,253 | €2,170 | +€918 | +73.3% |
| Total equity and liabilities | 10/49 | €40,424 | €74,094 | +€33,670 | +83.3% |
| Equity | 10/15 | €8,911 | €47,740 | +€38,829 | +435.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,592 | €5,592 | = | 0.0% |
| Distributable reserves | 133 | €5,592 | €5,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,681 | €37,148 | +€38,829 | |
| Amounts payable | 17/49 | €31,513 | €26,353 | -€5,159 | -16.4% |
| Amounts payable after more than one year | 17 | €7,297 | €3,574 | -€3,723 | -51.0% |
| Financial debts | 170/4 | €7,297 | €3,574 | -€3,723 | -51.0% |
| Amounts payable within one year | 42/48 | €24,215 | €22,779 | -€1,436 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €3,548 | €3,723 | +€175 | +4.9% |
| Trade debts | 44 | €3,860 | €3,720 | -€140 | -3.6% |
| Suppliers | 440/4 | €3,860 | €3,720 | -€140 | -3.6% |
| Taxes, remuneration and social security | 45 | €1,701 | €9,395 | +€7,694 | +452.3% |
| Taxes | 450/3 | €1,701 | €9,395 | +€7,694 | +452.3% |
| Other amounts payable | 47/48 | €15,106 | €5,941 | -€9,165 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,467 | €7,314 | +€1,847 | +33.8% |
| Other operating charges | 640/8 | €523 | €640 | +€116 | +22.3% |
| Gross operating margin | 9900 | €4,962 | €56,952 | +€51,989 | +1047.7% |
| Operating profit (loss) | 9901 | -€1,028 | €48,998 | +€50,026 | |
| Financial income | 75/76B | €88 | €65 | -€23 | -26.3% |
| Recurring financial income | 75 | €88 | €65 | -€23 | -26.3% |
| Financial charges | 65/66B | €741 | €839 | +€98 | +13.3% |
| Recurring financial charges | 65 | €741 | €839 | +€98 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,681 | €48,224 | +€49,905 | |
| Income taxes | 67/77 | - | €9,395 | +€9,395 | |
| Profit (loss) for the period | 9904 | -€1,681 | €38,829 | +€40,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,681 | €38,829 | +€40,510 |
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 4 October 2026 via checked.be.