BUILD CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€26,234
down €26,234 (-59.8%), from €43,868 to €17,634
- Cash +€23,091
up €23,091 (+92.9%), from €24,854 to €47,945
mainly Net result for the year (+€39,964) and Receivables within one year (+€26,234)
- Tangible fixed assets +€23,037
up €23,037 (+4.1%), from €566,672 to €589,709
of which Plant, machinery and equipment: +€25,030
- Deferred charges and accrued income +€13,538
up €13,538 (+509.4%), from €2,658 to €16,196
- Reserves +€38,964
up €38,964 (+24.6%), from €158,495 to €197,460
- Debts after one year -€30,000
down €30,000 (-7.8%), from €386,166 to €356,166
- Other debts +€24,069
up €24,069 (+107.9%), from €22,305 to €46,374
- Gross operating margin +€2,434
up €2,434 (+3.8%), from €63,695 to €66,129
- Financial charges -€1,279
down €1,279 (-16.3%), from €7,849 to €6,571
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 | €638,053 | €671,484 | +€33,431 | +5.2% |
| Fixed assets | 21/28 | €566,672 | €589,709 | +€23,037 | +4.1% |
| Tangible fixed assets | 22/27 | €566,672 | €589,709 | +€23,037 | +4.1% |
| Land and buildings | 22 | €553,759 | €553,759 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,291 | €34,321 | +€25,030 | +269.4% |
| Furniture and vehicles | 24 | €3,622 | €1,629 | -€1,993 | -55.0% |
| Current assets | 29/58 | €71,380 | €81,775 | +€10,394 | +14.6% |
| Amounts receivable within one year | 40/41 | €43,868 | €17,634 | -€26,234 | -59.8% |
| Trade receivables | 40 | €43,868 | €17,634 | -€26,234 | -59.8% |
| Cash at bank and in hand | 54/58 | €24,854 | €47,945 | +€23,091 | +92.9% |
| Deferred charges and accrued income | 490/1 | €2,658 | €16,196 | +€13,538 | +509.4% |
| Total equity and liabilities | 10/49 | €638,053 | €671,484 | +€33,431 | +5.2% |
| Equity | 10/15 | €177,087 | €216,052 | +€38,964 | +22.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €158,495 | €197,460 | +€38,964 | +24.6% |
| Distributable reserves | 133 | €158,495 | €197,460 | +€38,964 | +24.6% |
| Amounts payable | 17/49 | €460,965 | €455,432 | -€5,533 | -1.2% |
| Amounts payable after more than one year | 17 | €386,166 | €356,166 | -€30,000 | -7.8% |
| Financial debts | 170/4 | €386,166 | €356,166 | -€30,000 | -7.8% |
| Amounts payable within one year | 42/48 | €74,799 | €96,266 | +€21,467 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €7,223 | €1,936 | -€5,287 | -73.2% |
| Suppliers | 440/4 | €7,223 | €1,936 | -€5,287 | -73.2% |
| Taxes, remuneration and social security | 45 | €15,271 | €17,957 | +€2,685 | +17.6% |
| Taxes | 450/3 | €15,271 | €17,957 | +€2,685 | +17.6% |
| Other amounts payable | 47/48 | €22,305 | €46,374 | +€24,069 | +107.9% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | €5,000 | €8,123 | +€3,123 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,635 | €3,917 | +€281 | +7.7% |
| Other operating charges | 640/8 | €2,372 | €2,942 | +€570 | +24.0% |
| Non-recurring operating charges | 66A | - | €1,343 | +€1,343 | |
| Gross operating margin | 9900 | €63,695 | €66,129 | +€2,434 | +3.8% |
| Operating profit (loss) | 9901 | €57,688 | €57,927 | +€239 | +0.4% |
| Financial charges | 65/66B | €7,849 | €6,571 | -€1,279 | -16.3% |
| Recurring financial charges | 65 | €7,849 | €6,571 | -€1,279 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €49,838 | €51,356 | +€1,518 | +3.0% |
| Income taxes | 67/77 | €11,523 | €11,392 | -€131 | -1.1% |
| Profit (loss) for the period | 9904 | €38,316 | €39,964 | +€1,649 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,316 | €39,964 | +€1,649 | +4.3% |
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 9 October 2026 via checked.be.