BUILD BLUE: 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 BLUE
Largest movements
- Receivables within one year -€17,727
down €17,727 (-31.4%), from €56,414 to €38,687
of which Trade receivables: -€17,727
- Cash +€15,400
up €15,400 (+53.0%), from €29,039 to €44,439
mainly Net result for the year (+€65,558) and Other debts (+€24,045)
- Tangible fixed assets +€4,250
up €4,250 (+642.6%), from €661 to €4,911
- Other debts +€24,045
up €24,045 (+53.9%), from €44,624 to €68,668
- Profit (loss) carried forward -€15,580
down €15,580 (-100.0%), from €15,580 to €0
- Trade debts -€10,685
down €10,685 (-86.3%), from €12,383 to €1,698
- Tax, wage and social debts +€5,048
up €5,048 (+34.0%), from €14,857 to €19,905
- Gross operating margin +€61,800
up €61,800 (+256.5%), from €24,097 to €85,898
- Taxes +€12,406
up €12,406 (+267.0%), from €4,647 to €17,053
- Depreciation +€907
up €907 (+152.3%), from €595 to €1,502
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 | €91,338 | €93,272 | +€1,934 | +2.1% |
| Fixed assets | 21/28 | €4,741 | €8,991 | +€4,250 | +89.6% |
| Tangible fixed assets | 22/27 | €661 | €4,911 | +€4,250 | +642.6% |
| Furniture and vehicles | 24 | €661 | €4,911 | +€4,250 | +642.6% |
| Financial fixed assets | 28 | €4,080 | €4,080 | = | 0.0% |
| Current assets | 29/58 | €86,596 | €84,281 | -€2,316 | -2.7% |
| Amounts receivable within one year | 40/41 | €56,414 | €38,687 | -€17,727 | -31.4% |
| Trade receivables | 40 | €56,414 | €38,687 | -€17,727 | -31.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,039 | €44,439 | +€15,400 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,143 | €1,154 | +€11 | +1.0% |
| Total equity and liabilities | 10/49 | €91,338 | €93,272 | +€1,934 | +2.1% |
| Equity | 10/15 | €18,580 | €3,000 | -€15,580 | -83.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,580 | €0 | -€15,580 | -100.0% |
| Amounts payable | 17/49 | €72,758 | €90,272 | +€17,514 | +24.1% |
| Amounts payable within one year | 42/48 | €71,864 | €90,272 | +€18,407 | +25.6% |
| Trade debts | 44 | €12,383 | €1,698 | -€10,685 | -86.3% |
| Suppliers | 440/4 | €12,383 | €1,698 | -€10,685 | -86.3% |
| Taxes, remuneration and social security | 45 | €14,857 | €19,905 | +€5,048 | +34.0% |
| Taxes | 450/3 | €14,857 | €19,905 | +€5,048 | +34.0% |
| Other amounts payable | 47/48 | €44,624 | €68,668 | +€24,045 | +53.9% |
| Accrued charges and deferred income | 492/3 | €893 | €0 | -€893 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595 | €1,502 | +€907 | +152.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €24,097 | €85,898 | +€61,800 | +256.5% |
| Operating profit (loss) | 9901 | €23,115 | €83,996 | +€60,881 | +263.4% |
| Financial income | 75/76B | €8 | €8 | = | 0.0% |
| Recurring financial income | 75 | €8 | €8 | = | 0.0% |
| Financial charges | 65/66B | €1,608 | €1,393 | -€216 | -13.4% |
| Recurring financial charges | 65 | €1,608 | €1,393 | -€216 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €21,514 | €82,611 | +€61,097 | +284.0% |
| Income taxes | 67/77 | €4,647 | €17,053 | +€12,406 | +267.0% |
| Profit (loss) for the period | 9904 | €16,867 | €65,558 | +€48,690 | +288.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,867 | €65,558 | +€48,690 | +288.7% |
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 10 October 2026 via checked.be.