BUILD ADVICE: 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.
BUILD ADVICE
Largest movements
- Cash -€26,575
down €26,575 (-26.7%), from €99,399 to €72,823
mainly Debts after one year (-€11,713) and Net result for the year (-€11,422)
- Receivables within one year +€2,528
up €2,528 (+50.2%), from €5,033 to €7,561
of which Other amounts receivable: +€3,332
- Debts after one year -€11,713
down €11,713 (-32.7%), from €35,853 to €24,140
- Reserves -€11,422
down €11,422 (-35.1%), from €32,560 to €21,137
- Tax, wage and social debts -€2,645
down €2,645 (-43.9%), from €6,028 to €3,383
- Trade debts +€1,168
up €1,168 (+70.2%), from €1,665 to €2,833
- Gross operating margin -€23,110
down €23,110, from €15,679 to -€7,432
- Taxes -€3,383
down €3,383 (-100%), from €3,383 to €0
- Financial charges -€426
down €426 (-12.7%), from €3,352 to €2,925
- Depreciation -€297
down €297 (-43.0%), from €691 to €393
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 | €106,222 | €82,056 | -€24,166 | -22.8% |
| Fixed assets | 21/28 | €775 | €382 | -€393 | -50.8% |
| Tangible fixed assets | 22/27 | €775 | €382 | -€393 | -50.8% |
| Plant, machinery and equipment | 23 | €775 | €382 | -€393 | -50.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €105,448 | €81,675 | -€23,773 | -22.5% |
| Amounts receivable within one year | 40/41 | €5,033 | €7,561 | +€2,528 | +50.2% |
| Trade receivables | 40 | €997 | €193 | -€804 | -80.7% |
| Other amounts receivable | 41 | €4,036 | €7,368 | +€3,332 | +82.6% |
| Cash at bank and in hand | 54/58 | €99,399 | €72,823 | -€26,575 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,016 | €1,291 | +€275 | +27.1% |
| Total equity and liabilities | 10/49 | €106,222 | €82,056 | -€24,166 | -22.8% |
| Equity | 10/15 | €51,160 | €39,737 | -€11,422 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,560 | €21,137 | -€11,422 | -35.1% |
| Distributable reserves | 133 | €32,560 | €21,137 | -€11,422 | -35.1% |
| Amounts payable | 17/49 | €55,063 | €42,319 | -€12,744 | -23.1% |
| Amounts payable after more than one year | 17 | €35,853 | €24,140 | -€11,713 | -32.7% |
| Financial debts | 170/4 | €35,853 | €24,140 | -€11,713 | -32.7% |
| Amounts payable within one year | 42/48 | €18,960 | €17,929 | -€1,031 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €11,146 | €11,713 | +€567 | +5.1% |
| Trade debts | 44 | €1,665 | €2,833 | +€1,168 | +70.2% |
| Suppliers | 440/4 | €1,665 | €2,833 | +€1,168 | +70.2% |
| Taxes, remuneration and social security | 45 | €6,028 | €3,383 | -€2,645 | -43.9% |
| Taxes | 450/3 | €6,028 | €3,383 | -€2,645 | -43.9% |
| Other amounts payable | 47/48 | €121 | €0 | -€121 | -100% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €393 | -€297 | -43.0% |
| Other operating charges | 640/8 | €650 | €672 | +€22 | +3.4% |
| Gross operating margin | 9900 | €15,679 | -€7,432 | -€23,110 | |
| Operating profit (loss) | 9901 | €14,338 | -€8,497 | -€22,835 | |
| Financial charges | 65/66B | €3,352 | €2,925 | -€426 | -12.7% |
| Recurring financial charges | 65 | €3,352 | €2,925 | -€426 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €10,987 | -€11,422 | -€22,409 | |
| Income taxes | 67/77 | €3,383 | €0 | -€3,383 | -100% |
| Profit (loss) for the period | 9904 | €7,604 | -€11,422 | -€19,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,604 | -€11,422 | -€19,026 |
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 17 October 2026 via checked.be.