BUILD’IN: 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’IN
Largest movements
- Tangible fixed assets +€23,184
new in 2025: €23,184
- Cash +€8,805
up €8,805 (+26.6%), from €33,156 to €41,961
mainly Net result for the year (+€82,860) and Debts after one year (+€13,792)
- Deferred charges and accrued income +€2,160
up €2,160 (+221%), from €979 to €3,138
- Intangible fixed assets -€799
down €799 (-71.9%), from €1,111 to €313
- Debts after one year +€13,792
new in 2025: €13,792
- Current portion of long-term debt +€10,553
new in 2025: €10,553
- Profit (loss) carried forward +€9,860
up €9,860, from €0 to €9,860
- Other debts +€8,739
up €8,739 (+75.9%), from €11,511 to €20,250
- Trade debts -€7,913
down €7,913 (-89.6%), from €8,828 to €915
- Gross operating margin +€67,749
up €67,749 (+130%), from €52,026 to €119,775
- Taxes +€12,609
up €12,609 (+117%), from €10,755 to €23,365
- Depreciation +€8,789
up €8,789 (+1,101%), from €799 to €9,587
- Other operating charges +€1,240
up €1,240 (+59.6%), from €2,080 to €3,320
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 | €35,791 | €69,471 | +€33,680 | +94.1% |
| Fixed assets | 21/28 | €1,111 | €23,497 | +€22,385 | +2,014% |
| Intangible fixed assets | 21 | €1,111 | €313 | -€799 | -71.9% |
| Tangible fixed assets | 22/27 | - | €23,184 | +€23,184 | |
| Furniture and vehicles | 24 | - | €23,184 | +€23,184 | |
| Current assets | 29/58 | €34,680 | €45,974 | +€11,295 | +32.6% |
| Amounts receivable within one year | 40/41 | €545 | €875 | +€330 | +60.7% |
| Trade receivables | 40 | €545 | €75 | -€469 | -86.2% |
| Other amounts receivable | 41 | - | €800 | +€800 | |
| Cash at bank and in hand | 54/58 | €33,156 | €41,961 | +€8,805 | +26.6% |
| Deferred charges and accrued income | 490/1 | €979 | €3,138 | +€2,160 | +221% |
| Total equity and liabilities | 10/49 | €35,791 | €69,471 | +€33,680 | +94.1% |
| Equity | 10/15 | €3,000 | €12,860 | +€9,860 | +329% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €9,860 | +€9,860 | |
| Amounts payable | 17/49 | €32,791 | €56,611 | +€23,820 | +72.6% |
| Amounts payable after more than one year | 17 | - | €13,792 | +€13,792 | |
| Financial debts | 170/4 | - | €13,792 | +€13,792 | |
| Amounts payable within one year | 42/48 | €32,791 | €42,819 | +€10,028 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,553 | +€10,553 | |
| Trade debts | 44 | €8,828 | €915 | -€7,913 | -89.6% |
| Suppliers | 440/4 | €8,828 | €915 | -€7,913 | -89.6% |
| Taxes, remuneration and social security | 45 | €12,452 | €11,102 | -€1,350 | -10.8% |
| Taxes | 450/3 | €12,452 | €11,102 | -€1,350 | -10.8% |
| Other amounts payable | 47/48 | €11,511 | €20,250 | +€8,739 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €9,587 | +€8,789 | +1,101% |
| Other operating charges | 640/8 | €2,080 | €3,320 | +€1,240 | +59.6% |
| Gross operating margin | 9900 | €52,026 | €119,775 | +€67,749 | +130% |
| Operating profit (loss) | 9901 | €49,147 | €106,867 | +€57,720 | +117% |
| Financial income | 75/76B | €243 | €528 | +€285 | +117% |
| Recurring financial income | 75 | €243 | €528 | +€285 | +117% |
| Financial charges | 65/66B | €101 | €1,171 | +€1,070 | +1,059% |
| Recurring financial charges | 65 | €101 | €1,171 | +€1,070 | +1,059% |
| Profit (loss) for the period before taxes | 9903 | €49,290 | €106,224 | +€56,935 | +116% |
| Income taxes | 67/77 | €10,755 | €23,365 | +€12,609 | +117% |
| Profit (loss) for the period | 9904 | €38,534 | €82,860 | +€44,325 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €38,534 | €82,860 | +€44,325 | +115% |
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 17 October 2026 via checked.be.