BUILD FOR LIFE: what changed
BUILD FOR LIFE
Largest movements
- Cash +€26,211
up €26,211 (+36.9%), from €70,938 to €97,149
mainly Net result for the year (+€37,999) and Depreciation (+€16,999)
- Tangible fixed assets -€5,839
down €5,839 (-14.5%), from €40,149 to €34,310
of which Furniture and vehicles: -€11,186
- Deferred charges and accrued income -€2,385
down €2,385 (-34.3%), from €6,953 to €4,567
- Reserves +€35,263
up €35,263 (+228%), from €15,495 to €50,759
- Other debts -€8,169
down €8,169 (-66.1%), from €12,350 to €4,181
- Debts after one year -€7,290
down €7,290 (-62.6%), from €11,642 to €4,352
- Tax, wage and social debts -€2,973
down €2,973 (-18.1%), from €16,393 to €13,420
- Gross operating margin +€17,461
up €17,461 (+30.8%), from €56,670 to €74,131
- Taxes +€12,281
up €12,281 (+308%), from €3,983 to €16,263
- Financial charges -€4,973
down €4,973 (-89.2%), from €5,577 to €604
- Depreciation -€3,771
down €3,771 (-18.2%), from €20,770 to €16,999
- Other operating charges +€900
up €900 (+53.2%), from €1,693 to €2,593
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,259 | €136,027 | +€17,767 | +15.0% |
| Fixed assets | 21/28 | €40,149 | €34,310 | -€5,839 | -14.5% |
| Tangible fixed assets | 22/27 | €40,149 | €34,310 | -€5,839 | -14.5% |
| Plant, machinery and equipment | 23 | €1,267 | €756 | -€512 | -40.4% |
| Furniture and vehicles | 24 | €37,052 | €25,865 | -€11,186 | -30.2% |
| Other tangible fixed assets | 26 | €1,830 | €7,689 | +€5,859 | +320% |
| Current assets | 29/58 | €78,110 | €101,717 | +€23,606 | +30.2% |
| Amounts receivable within one year | 40/41 | €220 | - | -€220 | |
| Trade receivables | 40 | €102 | - | -€102 | |
| Other amounts receivable | 41 | €118 | - | -€118 | |
| Cash at bank and in hand | 54/58 | €70,938 | €97,149 | +€26,211 | +36.9% |
| Deferred charges and accrued income | 490/1 | €6,953 | €4,567 | -€2,385 | -34.3% |
| Total equity and liabilities | 10/49 | €118,259 | €136,027 | +€17,767 | +15.0% |
| Equity | 10/15 | €70,794 | €106,057 | +€35,263 | +49.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,495 | €50,759 | +€35,263 | +228% |
| Distributable reserves | 133 | €15,495 | €50,759 | +€35,263 | +228% |
| Profit (loss) carried forward | 14 | €36,699 | €36,699 | = | 0.0% |
| Amounts payable | 17/49 | €47,465 | €29,969 | -€17,496 | -36.9% |
| Amounts payable after more than one year | 17 | €11,642 | €4,352 | -€7,290 | -62.6% |
| Financial debts | 170/4 | €11,642 | €4,352 | -€7,290 | -62.6% |
| Amounts payable within one year | 42/48 | €35,823 | €25,617 | -€10,206 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €7,080 | €7,290 | +€210 | +3.0% |
| Trade debts | 44 | - | €584 | +€584 | |
| Suppliers | 440/4 | - | €584 | +€584 | |
| Advances received on contracts in progress | 46 | - | €142 | +€142 | |
| Taxes, remuneration and social security | 45 | €16,393 | €13,420 | -€2,973 | -18.1% |
| Taxes | 450/3 | €16,393 | €13,420 | -€2,973 | -18.1% |
| Other amounts payable | 47/48 | €12,350 | €4,181 | -€8,169 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,770 | €16,999 | -€3,771 | -18.2% |
| Other operating charges | 640/8 | €1,693 | €2,593 | +€900 | +53.2% |
| Gross operating margin | 9900 | €56,670 | €74,131 | +€17,461 | +30.8% |
| Operating profit (loss) | 9901 | €34,207 | €54,538 | +€20,332 | +59.4% |
| Financial income | 75/76B | €723 | €329 | -€394 | -54.6% |
| Recurring financial income | 75 | €723 | €329 | -€394 | -54.6% |
| Financial charges | 65/66B | €5,577 | €604 | -€4,973 | -89.2% |
| Recurring financial charges | 65 | €5,577 | €604 | -€4,973 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €29,352 | €54,262 | +€24,910 | +84.9% |
| Income taxes | 67/77 | €3,983 | €16,263 | +€12,281 | +308% |
| Profit (loss) for the period | 9904 | €25,369 | €37,999 | +€12,629 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,369 | €37,999 | +€12,629 | +49.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.