BUILD AND LINK: 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 AND LINK
Largest movements
- Receivables after one year +€145,581
new in 2025: €145,581
- Receivables within one year -€43,703
down €43,703 (-38.9%), from €112,361 to €68,658
of which Other amounts receivable: -€91,761
- Cash -€25,417
down €25,417 (-81.1%), from €31,357 to €5,940
mainly Receivables after one year (-€145,581) and Advances received (-€46,763)
- Advances received -€46,763
no longer reported in 2025 (was €46,763)
- Profit (loss) carried forward +€43,518
up €43,518 (+101%), from €43,255 to €86,774
- Other debts +€34,953
up €34,953 (+337%), from €10,374 to €45,327
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Short-term financial debts +€16,795
new in 2025: €16,795
- Gross operating margin +€34,651
up €34,651 (+45.9%), from €75,456 to €110,107
- Taxes +€6,312
up €6,312 (+80.5%), from €7,841 to €14,153
- Staff costs +€4,855
up €4,855 (+12.9%), from €37,622 to €42,477
- Financial charges -€3,508
down €3,508 (-40.9%), from €8,576 to €5,068
- Depreciation +€2,393
up €2,393 (+343%), from €698 to €3,091
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 | €144,579 | €221,028 | +€76,449 | +52.9% |
| Fixed assets | 21/28 | €557 | €466 | -€91 | -16.3% |
| Tangible fixed assets | 22/27 | €91 | - | -€91 | |
| Furniture and vehicles | 24 | €91 | - | -€91 | |
| Financial fixed assets | 28 | €466 | €466 | = | 0.0% |
| Current assets | 29/58 | €144,023 | €220,562 | +€76,540 | +53.1% |
| Amounts receivable after more than one year | 29 | - | €145,581 | +€145,581 | |
| Other amounts receivable | 291 | - | €145,581 | +€145,581 | |
| Amounts receivable within one year | 40/41 | €112,361 | €68,658 | -€43,703 | -38.9% |
| Trade receivables | 40 | €100 | €48,158 | +€48,058 | +48,058% |
| Other amounts receivable | 41 | €112,261 | €20,500 | -€91,761 | -81.7% |
| Cash at bank and in hand | 54/58 | €31,357 | €5,940 | -€25,417 | -81.1% |
| Deferred charges and accrued income | 490/1 | €305 | €383 | +€78 | +25.7% |
| Total equity and liabilities | 10/49 | €144,579 | €221,028 | +€76,449 | +52.9% |
| Equity | 10/15 | €48,255 | €91,774 | +€43,518 | +90.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,255 | €86,774 | +€43,518 | +101% |
| Amounts payable | 17/49 | €96,324 | €129,255 | +€32,931 | +34.2% |
| Amounts payable within one year | 42/48 | €96,324 | €99,255 | +€2,931 | +3.0% |
| Financial debts | 43 | - | €16,795 | +€16,795 | |
| Credit institutions | 430/8 | - | €16,795 | +€16,795 | |
| Trade debts | 44 | €6,574 | €3,974 | -€2,600 | -39.5% |
| Suppliers | 440/4 | €6,574 | €3,974 | -€2,600 | -39.5% |
| Advances received on contracts in progress | 46 | €46,763 | - | -€46,763 | |
| Taxes, remuneration and social security | 45 | €32,613 | €33,158 | +€545 | +1.7% |
| Taxes | 450/3 | €25,676 | €28,992 | +€3,317 | +12.9% |
| Remuneration and social security | 454/9 | €6,937 | €4,166 | -€2,771 | -39.9% |
| Other amounts payable | 47/48 | €10,374 | €45,327 | +€34,953 | +337% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €37,622 | €42,477 | +€4,855 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €698 | €3,091 | +€2,393 | +343% |
| Other operating charges | 640/8 | €2,179 | €1,800 | -€379 | -17.4% |
| Gross operating margin | 9900 | €75,456 | €110,107 | +€34,651 | +45.9% |
| Operating profit (loss) | 9901 | €34,957 | €62,739 | +€27,782 | +79.5% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €8,576 | €5,068 | -€3,508 | -40.9% |
| Recurring financial charges | 65 | €8,576 | €5,068 | -€3,508 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €26,400 | €57,672 | +€31,272 | +118% |
| Income taxes | 67/77 | €7,841 | €14,153 | +€6,312 | +80.5% |
| Profit (loss) for the period | 9904 | €18,559 | €43,518 | +€24,960 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €18,559 | €43,518 | +€24,960 | +134% |
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 26 October 2026 via checked.be.