BUILD MORE: 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 MORE
Largest movements
- Receivables within one year +€14,778
up €14,778 (+35.4%), from €41,777 to €56,554
of which Trade receivables: +€16,153
- Cash -€1,842
down €1,842 (-4.9%), from €37,258 to €35,416
mainly Contributions, distributions and other (-€22,827) and Receivables within one year (-€14,778)
- Trade debts +€41,224
up €41,224 (+92.8%), from €44,432 to €85,656
- Profit (loss) carried forward -€22,707
down €22,707 (-99.3%), from €22,875 to €168
- Tax, wage and social debts -€7,078
down €7,078 (-92.3%), from €7,672 to €594
- Other debts +€1,622
up €1,622 (+579%), from €280 to €1,902
- Gross operating margin -€29,896
down €29,896 (-96.4%), from €31,012 to €1,116
- Taxes -€7,508
down €7,508 (-97.9%), from €7,672 to €165
- Financial charges +€428
up €428 (+300%), from €142 to €570
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 | €80,260 | €93,320 | +€13,061 | +16.3% |
| Fixed assets | 21/28 | €606 | €1,349 | +€744 | +123% |
| Tangible fixed assets | 22/27 | €606 | €449 | -€156 | -25.8% |
| Furniture and vehicles | 24 | €606 | €449 | -€156 | -25.8% |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €79,654 | €91,971 | +€12,317 | +15.5% |
| Amounts receivable within one year | 40/41 | €41,777 | €56,554 | +€14,778 | +35.4% |
| Trade receivables | 40 | €40,401 | €56,554 | +€16,153 | +40.0% |
| Other amounts receivable | 41 | €1,376 | - | -€1,376 | |
| Cash at bank and in hand | 54/58 | €37,258 | €35,416 | -€1,842 | -4.9% |
| Deferred charges and accrued income | 490/1 | €619 | - | -€619 | |
| Total equity and liabilities | 10/49 | €80,260 | €93,320 | +€13,061 | +16.3% |
| Equity | 10/15 | €27,875 | €5,168 | -€22,707 | -81.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,875 | €168 | -€22,707 | -99.3% |
| Amounts payable | 17/49 | €52,384 | €88,152 | +€35,768 | +68.3% |
| Amounts payable within one year | 42/48 | €52,384 | €88,152 | +€35,768 | +68.3% |
| Trade debts | 44 | €44,432 | €85,656 | +€41,224 | +92.8% |
| Suppliers | 440/4 | €44,432 | €85,656 | +€41,224 | +92.8% |
| Taxes, remuneration and social security | 45 | €7,672 | €594 | -€7,078 | -92.3% |
| Taxes | 450/3 | €7,672 | €594 | -€7,078 | -92.3% |
| Other amounts payable | 47/48 | €280 | €1,902 | +€1,622 | +579% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €156 | -€20 | -11.2% |
| Other operating charges | 640/8 | €183 | €120 | -€63 | -34.4% |
| Non-recurring operating charges | 66A | - | €65 | +€65 | |
| Gross operating margin | 9900 | €31,012 | €1,116 | -€29,896 | -96.4% |
| Operating profit (loss) | 9901 | €30,653 | €775 | -€29,878 | -97.5% |
| Financial income | 75/76B | €38 | €81 | +€43 | +115% |
| Recurring financial income | 75 | €38 | €81 | +€43 | +115% |
| Financial charges | 65/66B | €142 | €570 | +€428 | +300% |
| Recurring financial charges | 65 | €142 | €570 | +€428 | +300% |
| Profit (loss) for the period before taxes | 9903 | €30,548 | €285 | -€30,262 | -99.1% |
| Income taxes | 67/77 | €7,672 | €165 | -€7,508 | -97.9% |
| Profit (loss) for the period | 9904 | €22,875 | €120 | -€22,755 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,875 | €120 | -€22,755 | -99.5% |
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.