Build M.E.: what changed
Two fiscal 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 M.E.
Largest movements
- Tangible fixed assets -€127,259
down €127,259 (-53.3%), from €238,546 to €111,287
of which Furniture and vehicles: -€101,653
- Receivables within one year -€42,206
down €42,206 (-39.6%), from €106,678 to €64,471
of which Trade receivables: -€40,725
- Cash +€10,447
up €10,447 (+28.0%), from €37,292 to €47,739
mainly Investment in fixed assets (net) (+€89,222) and Receivables within one year (+€42,206)
- Debts after one year -€92,604
down €92,604 (-94.4%), from €98,132 to €5,528
- Current portion of long-term debt -€42,601
down €42,601 (-62.7%), from €67,965 to €25,364
- Trade debts -€16,223
down €16,223 (-19.9%), from €81,727 to €65,504
- Tax, wage and social debts -€13,840
down €13,840 (-41.7%), from €33,201 to €19,361
of which Remuneration and social security: -€26,255
- Gross operating margin -€113,947
down €113,947 (-21.3%), from €535,058 to €421,111
- Staff costs -€92,291
down €92,291 (-20.2%), from €456,188 to €363,896
- Depreciation -€32,051
down €32,051 (-43.5%), from €73,657 to €41,606
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 | €454,235 | €289,501 | -€164,734 | -36.3% |
| Fixed assets | 21/28 | €253,590 | €122,762 | -€130,828 | -51.6% |
| Intangible fixed assets | 21 | €7,326 | €3,757 | -€3,570 | -48.7% |
| Tangible fixed assets | 22/27 | €238,546 | €111,287 | -€127,259 | -53.3% |
| Plant, machinery and equipment | 23 | €119,181 | €93,576 | -€25,605 | -21.5% |
| Furniture and vehicles | 24 | €119,364 | €17,711 | -€101,653 | -85.2% |
| Financial fixed assets | 28 | €7,718 | €7,718 | = | 0.0% |
| Current assets | 29/58 | €200,644 | €166,739 | -€33,906 | -16.9% |
| Stocks and contracts in progress | 3 | €55,585 | €54,529 | -€1,057 | -1.9% |
| Stocks | 30/36 | €55,585 | €54,529 | -€1,057 | -1.9% |
| Amounts receivable within one year | 40/41 | €106,678 | €64,471 | -€42,206 | -39.6% |
| Trade receivables | 40 | €85,674 | €44,949 | -€40,725 | -47.5% |
| Other amounts receivable | 41 | €21,003 | €19,522 | -€1,481 | -7.1% |
| Cash at bank and in hand | 54/58 | €37,292 | €47,739 | +€10,447 | +28.0% |
| Deferred charges and accrued income | 490/1 | €1,089 | €0 | -€1,089 | -100.0% |
| Total equity and liabilities | 10/49 | €454,235 | €289,501 | -€164,734 | -36.3% |
| Equity | 10/15 | €101,110 | €103,298 | +€2,189 | +2.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €76,110 | €78,298 | +€2,189 | +2.9% |
| Distributable reserves | 133 | €76,110 | €78,298 | +€2,189 | +2.9% |
| Amounts payable | 17/49 | €353,125 | €186,202 | -€166,922 | -47.3% |
| Amounts payable after more than one year | 17 | €98,132 | €5,528 | -€92,604 | -94.4% |
| Financial debts | 170/4 | €98,132 | €5,528 | -€92,604 | -94.4% |
| Amounts payable within one year | 42/48 | €254,993 | €180,674 | -€74,318 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €67,965 | €25,364 | -€42,601 | -62.7% |
| Financial debts | 43 | €654 | €0 | -€654 | -100.0% |
| Credit institutions | 430/8 | €654 | €0 | -€654 | -100.0% |
| Trade debts | 44 | €81,727 | €65,504 | -€16,223 | -19.9% |
| Suppliers | 440/4 | €81,727 | €65,504 | -€16,223 | -19.9% |
| Taxes, remuneration and social security | 45 | €33,201 | €19,361 | -€13,840 | -41.7% |
| Taxes | 450/3 | €2,974 | €15,389 | +€12,415 | +417.4% |
| Remuneration and social security | 454/9 | €30,226 | €3,972 | -€26,255 | -86.9% |
| Other amounts payable | 47/48 | €71,446 | €70,446 | -€1,000 | -1.4% |
| Non-recurring operating income | 76A | €0 | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €456,188 | €363,896 | -€92,291 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,657 | €41,606 | -€32,051 | -43.5% |
| Other operating charges | 640/8 | €1,740 | €6,585 | +€4,845 | +278.4% |
| Non-recurring operating charges | 66A | €3,998 | €0 | -€3,998 | -100.0% |
| Gross operating margin | 9900 | €535,058 | €421,111 | -€113,947 | -21.3% |
| Operating profit (loss) | 9901 | -€524 | €9,024 | +€9,549 | |
| Financial income | 75/76B | €750 | €533 | -€217 | -28.9% |
| Recurring financial income | 75 | €750 | €533 | -€217 | -28.9% |
| Financial charges | 65/66B | €2,505 | €5,577 | +€3,072 | +122.7% |
| Recurring financial charges | 65 | €2,505 | €5,577 | +€3,072 | +122.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,279 | €3,981 | +€6,260 | |
| Income taxes | 67/77 | €493 | €1,793 | +€1,299 | +263.4% |
| Profit (loss) for the period | 9904 | -€2,772 | €2,189 | +€4,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,772 | €2,189 | +€4,961 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.