Build - Connect: 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 - Connect
Largest movements
- Cash +€42,639
up €42,639 (+133%), from €32,121 to €74,760
mainly Net result for the year (+€53,918) and Tax, wage and social debts (+€13,961)
- Receivables within one year +€25,413
up €25,413 (+162%), from €15,687 to €41,100
of which Trade receivables: +€27,024
- Reserves +€53,918
up €53,918 (+167%), from €32,281 to €86,199
- Tax, wage and social debts +€13,961
up €13,961, from €0 to €13,961
- Trade debts +€9,756
up €9,756 (+160%), from €6,086 to €15,842
- Other debts -€9,536
down €9,536 (-99.4%), from €9,597 to €61
- Gross operating margin +€75,546
up €75,546, from -€5,915 to €69,631
- Taxes +€13,961
up €13,961, from €0 to €13,961
- Other operating charges -€1,016
down €1,016 (-42.6%), from €2,382 to €1,366
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 | €49,163 | €117,263 | +€68,099 | +139% |
| Current assets | 29/58 | €49,163 | €117,263 | +€68,099 | +139% |
| Amounts receivable within one year | 40/41 | €15,687 | €41,100 | +€25,413 | +162% |
| Trade receivables | 40 | €13,179 | €40,203 | +€27,024 | +205% |
| Other amounts receivable | 41 | €2,508 | €897 | -€1,611 | -64.2% |
| Cash at bank and in hand | 54/58 | €32,121 | €74,760 | +€42,639 | +133% |
| Deferred charges and accrued income | 490/1 | €1,355 | €1,403 | +€48 | +3.5% |
| Total equity and liabilities | 10/49 | €49,163 | €117,263 | +€68,099 | +139% |
| Equity | 10/15 | €33,481 | €87,399 | +€53,918 | +161% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €32,281 | €86,199 | +€53,918 | +167% |
| Distributable reserves | 133 | €32,281 | €86,199 | +€53,918 | +167% |
| Amounts payable | 17/49 | €15,682 | €29,864 | +€14,181 | +90.4% |
| Amounts payable within one year | 42/48 | €15,682 | €29,864 | +€14,181 | +90.4% |
| Trade debts | 44 | €6,086 | €15,842 | +€9,756 | +160% |
| Suppliers | 440/4 | €6,086 | €15,842 | +€9,756 | +160% |
| Taxes, remuneration and social security | 45 | €0 | €13,961 | +€13,961 | |
| Taxes | 450/3 | €0 | €13,961 | +€13,961 | |
| Other amounts payable | 47/48 | €9,597 | €61 | -€9,536 | -99.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €2,382 | €1,366 | -€1,016 | -42.6% |
| Gross operating margin | 9900 | -€5,915 | €69,631 | +€75,546 | |
| Operating profit (loss) | 9901 | -€8,297 | €68,265 | +€76,562 | |
| Financial income | 75/76B | €45 | €1 | -€44 | -96.9% |
| Recurring financial income | 75 | €45 | €1 | -€44 | -96.9% |
| Financial charges | 65/66B | €377 | €388 | +€11 | +2.9% |
| Recurring financial charges | 65 | €377 | €388 | +€11 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,628 | €67,879 | +€76,507 | |
| Income taxes | 67/77 | €0 | €13,961 | +€13,961 | |
| Profit (loss) for the period | 9904 | -€8,628 | €53,918 | +€62,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,628 | €53,918 | +€62,546 |
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 24 October 2026 via checked.be.