BUILD ECO: 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 ECO
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-86.6%), from €1.4m to €184,817
of which Trade receivables: -€1.2m
- Tangible fixed assets -€18,583
down €18,583 (-10.8%), from €171,491 to €152,907
of which Leasing and similar rights: -€44,932
- Trade debts -€1.2m
down €1.2m (-89.2%), from €1.3m to €142,530
- Tax, wage and social debts -€19,896
down €19,896 (-40.7%), from €48,899 to €29,002
of which Taxes: -€23,458
- Debts after one year -€19,850
down €19,850 (-24.8%), from €80,163 to €60,312
- Gross operating margin -€18,424
down €18,424 (-12.6%), from €146,426 to €128,002
- Depreciation -€7,854
down €7,854 (-10.2%), from €77,063 to €69,209
- Financial charges +€7,605
up €7,605 (+273%), from €2,791 to €10,395
- Other operating charges -€5,592
down €5,592 (-45.3%), from €12,349 to €6,756
- Taxes -€1,515
down €1,515 (-26.8%), from €5,658 to €4,142
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 | €1,597,198 | €372,361 | -€1.2m | -76.7% |
| Fixed assets | 21/28 | €173,667 | €155,083 | -€18,583 | -10.7% |
| Tangible fixed assets | 22/27 | €171,491 | €152,907 | -€18,583 | -10.8% |
| Plant, machinery and equipment | 23 | €760 | €1,511 | +€751 | +98.8% |
| Furniture and vehicles | 24 | €81,629 | €107,226 | +€25,597 | +31.4% |
| Leasing and similar rights | 25 | €89,102 | €44,170 | -€44,932 | -50.4% |
| Financial fixed assets | 28 | €2,176 | €2,176 | = | 0.0% |
| Current assets | 29/58 | €1,423,531 | €217,278 | -€1.2m | -84.7% |
| Amounts receivable within one year | 40/41 | €1,376,576 | €184,817 | -€1.2m | -86.6% |
| Trade receivables | 40 | €1,334,295 | €143,931 | -€1.2m | -89.2% |
| Other amounts receivable | 41 | €42,280 | €40,886 | -€1,394 | -3.3% |
| Cash at bank and in hand | 54/58 | €42,004 | €27,509 | -€14,495 | -34.5% |
| Deferred charges and accrued income | 490/1 | €4,952 | €4,952 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,597,198 | €372,361 | -€1.2m | -76.7% |
| Equity | 10/15 | €127,213 | €134,221 | +€7,008 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,013 | €128,021 | +€7,008 | +5.8% |
| Amounts payable | 17/49 | €1,469,984 | €238,140 | -€1.2m | -83.8% |
| Amounts payable after more than one year | 17 | €80,163 | €60,312 | -€19,850 | -24.8% |
| Financial debts | 170/4 | €80,163 | €60,312 | -€19,850 | -24.8% |
| Amounts payable within one year | 42/48 | €1,389,822 | €177,828 | -€1.2m | -87.2% |
| Current portion of amounts payable after more than one year | 42 | €5,200 | €6,296 | +€1,095 | +21.1% |
| Trade debts | 44 | €1,320,026 | €142,530 | -€1.2m | -89.2% |
| Suppliers | 440/4 | €1,320,026 | €142,530 | -€1.2m | -89.2% |
| Taxes, remuneration and social security | 45 | €48,899 | €29,002 | -€19,896 | -40.7% |
| Taxes | 450/3 | €32,173 | €8,715 | -€23,458 | -72.9% |
| Remuneration and social security | 454/9 | €16,725 | €20,287 | +€3,562 | +21.3% |
| Other amounts payable | 47/48 | €15,697 | - | -€15,697 | |
| Remuneration, social security and pensions | 62 | €29,945 | €30,495 | +€550 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,063 | €69,209 | -€7,854 | -10.2% |
| Other operating charges | 640/8 | €12,349 | €6,756 | -€5,592 | -45.3% |
| Gross operating margin | 9900 | €146,426 | €128,002 | -€18,424 | -12.6% |
| Operating profit (loss) | 9901 | €27,069 | €21,541 | -€5,528 | -20.4% |
| Financial income | 75/76B | €747 | €4 | -€742 | -99.5% |
| Recurring financial income | 75 | €747 | €4 | -€742 | -99.5% |
| Financial charges | 65/66B | €2,791 | €10,395 | +€7,605 | +273% |
| Recurring financial charges | 65 | €2,791 | €10,395 | +€7,605 | +273% |
| Profit (loss) for the period before taxes | 9903 | €25,025 | €11,150 | -€13,875 | -55.4% |
| Income taxes | 67/77 | €5,658 | €4,142 | -€1,515 | -26.8% |
| Profit (loss) for the period | 9904 | €19,368 | €7,008 | -€12,360 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,368 | €7,008 | -€12,360 | -63.8% |
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 25 October 2026 via checked.be.