BUILAERT: 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.
BUILAERT
Largest movements
- Cash -€114,885
down €114,885 (-20.4%), from €562,046 to €447,161
mainly Debts after one year (-€146,770) and Investment in fixed assets (net) (-€113,198)
- Tangible fixed assets -€75,172
down €75,172 (-6.4%), from €1.2m to €1.1m
of which Leasing and similar rights: -€112,832
- Receivables within one year -€40,996
down €40,996 (-10.8%), from €378,082 to €337,086
of which Trade receivables: -€47,567
- Debts after one year -€146,770
down €146,770 (-15.5%), from €945,249 to €798,478
- Trade debts -€56,451
down €56,451 (-32.9%), from €171,645 to €115,194
- Tax, wage and social debts -€36,002
down €36,002 (-27.0%), from €133,530 to €97,529
of which Remuneration and social security: -€22,306
- Reserves +€31,216
up €31,216 (+5.5%), from €563,268 to €594,484
of which Distributable reserves: +€46,341
- Depreciation +€16,308
up €16,308 (+9.5%), from €172,062 to €188,370
- Gross operating margin +€12,210
up €12,210 (+1.3%), from €916,948 to €929,158
- Other operating charges -€9,303
down €9,303 (-27.8%), from €33,493 to €24,189
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 | €2,205,113 | €1,970,952 | -€234,162 | -10.6% |
| Fixed assets | 21/28 | €1,205,727 | €1,130,554 | -€75,172 | -6.2% |
| Tangible fixed assets | 22/27 | €1,180,227 | €1,105,054 | -€75,172 | -6.4% |
| Land and buildings | 22 | €803,750 | €765,000 | -€38,750 | -4.8% |
| Plant, machinery and equipment | 23 | €18,415 | €6,041 | -€12,374 | -67.2% |
| Furniture and vehicles | 24 | €24,413 | €113,196 | +€88,783 | +364% |
| Leasing and similar rights | 25 | €333,649 | €220,817 | -€112,832 | -33.8% |
| Financial fixed assets | 28 | €25,500 | €25,500 | = | 0.0% |
| Current assets | 29/58 | €999,387 | €840,397 | -€158,989 | -15.9% |
| Stocks and contracts in progress | 3 | €32,975 | €30,375 | -€2,600 | -7.9% |
| Stocks | 30/36 | €32,975 | €30,375 | -€2,600 | -7.9% |
| Amounts receivable within one year | 40/41 | €378,082 | €337,086 | -€40,996 | -10.8% |
| Trade receivables | 40 | €205,215 | €157,649 | -€47,567 | -23.2% |
| Other amounts receivable | 41 | €172,866 | €179,437 | +€6,571 | +3.8% |
| Cash at bank and in hand | 54/58 | €562,046 | €447,161 | -€114,885 | -20.4% |
| Deferred charges and accrued income | 490/1 | €26,284 | €25,775 | -€509 | -1.9% |
| Total equity and liabilities | 10/49 | €2,205,113 | €1,970,952 | -€234,162 | -10.6% |
| Equity | 10/15 | €598,268 | €629,484 | +€31,216 | +5.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €563,268 | €594,484 | +€31,216 | +5.5% |
| Non-distributable reserves | 130/1 | €12,500 | - | -€12,500 | |
| Reserves not available under the articles | 1311 | €12,500 | - | -€12,500 | |
| Tax-exempt reserves | 132 | €8,190 | €5,565 | -€2,625 | -32.1% |
| Distributable reserves | 133 | €542,578 | €588,919 | +€46,341 | +8.5% |
| Provisions and deferred taxes | 16 | €2,310 | €1,435 | -€875 | -37.9% |
| Deferred taxes | 168 | €2,310 | €1,435 | -€875 | -37.9% |
| Amounts payable | 17/49 | €1,604,535 | €1,340,033 | -€264,503 | -16.5% |
| Amounts payable after more than one year | 17 | €945,249 | €798,478 | -€146,770 | -15.5% |
| Financial debts | 170/4 | €945,249 | €798,478 | -€146,770 | -15.5% |
| Amounts payable within one year | 42/48 | €630,197 | €523,838 | -€106,360 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €229,182 | €226,644 | -€2,538 | -1.1% |
| Trade debts | 44 | €171,645 | €115,194 | -€56,451 | -32.9% |
| Suppliers | 440/4 | €171,645 | €115,194 | -€56,451 | -32.9% |
| Taxes, remuneration and social security | 45 | €133,530 | €97,529 | -€36,002 | -27.0% |
| Taxes | 450/3 | €50,767 | €37,071 | -€13,696 | -27.0% |
| Remuneration and social security | 454/9 | €82,764 | €60,458 | -€22,306 | -27.0% |
| Other amounts payable | 47/48 | €95,841 | €84,471 | -€11,369 | -11.9% |
| Accrued charges and deferred income | 492/3 | €29,089 | €17,717 | -€11,373 | -39.1% |
| Remuneration, social security and pensions | 62 | €634,876 | €631,169 | -€3,707 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,062 | €188,370 | +€16,308 | +9.5% |
| Other operating charges | 640/8 | €33,493 | €24,189 | -€9,303 | -27.8% |
| Gross operating margin | 9900 | €916,948 | €929,158 | +€12,210 | +1.3% |
| Operating profit (loss) | 9901 | €76,518 | €85,429 | +€8,911 | +11.6% |
| Financial income | 75/76B | €932 | €6,964 | +€6,032 | +647% |
| Recurring financial income | 75 | €932 | €6,964 | +€6,032 | +647% |
| Financial charges | 65/66B | €37,709 | €43,730 | +€6,021 | +16.0% |
| Recurring financial charges | 65 | €37,709 | €43,730 | +€6,021 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €39,741 | €48,663 | +€8,922 | +22.5% |
| Transfer from deferred taxes | 780 | €875 | €875 | = | 0.0% |
| Income taxes | 67/77 | €15,816 | €17,489 | +€1,673 | +10.6% |
| Profit (loss) for the period | 9904 | €24,800 | €32,049 | +€7,249 | +29.2% |
| Transfer from tax-exempt reserves | 789 | €2,625 | €2,625 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,425 | €34,674 | +€7,249 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.