BUILD PROJECT: 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 PROJECT
Largest movements
- Receivables within one year -€48,719
down €48,719 (-99.4%), from €48,990 to €272
of which Other amounts receivable: -€45,751
- Reserves -€150,963
down €150,963 (-38.7%), from €390,543 to €239,581
of which Distributable reserves: -€150,963
- Other debts +€102,108
up €102,108 (+9727.4%), from €1,050 to €103,158
- Other operating charges +€137,582
up €137,582 (+8882.9%), from €1,549 to €139,131
- Depreciation -€7,686
down €7,686 (-91.7%), from €8,386 to €700
- Gross operating margin +€6,899
up €6,899 (+38.8%), from -€17,775 to -€10,876
- Financial charges -€396
down €396 (-86.1%), from €460 to €64
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 | €457,160 | €405,784 | -€51,376 | -11.2% |
| Fixed assets | 21/28 | €402,089 | €401,389 | -€700 | -0.2% |
| Tangible fixed assets | 22/27 | €401,884 | €401,184 | -€700 | -0.2% |
| Land and buildings | 22 | €401,090 | €401,090 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €794 | €94 | -€700 | -88.2% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €55,070 | €4,394 | -€50,676 | -92.0% |
| Amounts receivable within one year | 40/41 | €48,990 | €272 | -€48,719 | -99.4% |
| Trade receivables | 40 | €2,968 | €0 | -€2,968 | -100.0% |
| Other amounts receivable | 41 | €46,022 | €272 | -€45,751 | -99.4% |
| Cash at bank and in hand | 54/58 | €5,706 | €3,288 | -€2,418 | -42.4% |
| Deferred charges and accrued income | 490/1 | €374 | €835 | +€461 | +123.4% |
| Total equity and liabilities | 10/49 | €457,160 | €405,784 | -€51,376 | -11.2% |
| Equity | 10/15 | €452,543 | €301,581 | -€150,963 | -33.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €390,543 | €239,581 | -€150,963 | -38.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €384,343 | €233,381 | -€150,963 | -39.3% |
| Amounts payable | 17/49 | €4,616 | €104,203 | +€99,587 | +2157.2% |
| Amounts payable within one year | 42/48 | €4,616 | €104,203 | +€99,587 | +2157.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,244 | €734 | -€2,510 | -77.4% |
| Suppliers | 440/4 | €3,244 | €734 | -€2,510 | -77.4% |
| Taxes, remuneration and social security | 45 | €322 | €311 | -€11 | -3.5% |
| Taxes | 450/3 | €322 | €311 | -€11 | -3.5% |
| Other amounts payable | 47/48 | €1,050 | €103,158 | +€102,108 | +9727.4% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,386 | €700 | -€7,686 | -91.7% |
| Other operating charges | 640/8 | €1,549 | €139,131 | +€137,582 | +8882.9% |
| Non-recurring operating charges | 66A | €8,126 | €0 | -€8,126 | -100.0% |
| Gross operating margin | 9900 | -€17,775 | -€10,876 | +€6,899 | +38.8% |
| Operating profit (loss) | 9901 | -€35,836 | -€150,707 | -€114,872 | -320.6% |
| Financial income | 75/76B | €24 | €119 | +€95 | +394.5% |
| Recurring financial income | 75 | €24 | €119 | +€95 | +394.5% |
| Financial charges | 65/66B | €460 | €64 | -€396 | -86.1% |
| Recurring financial charges | 65 | €460 | €64 | -€396 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,271 | -€150,652 | -€114,380 | -315.3% |
| Income taxes | 67/77 | €322 | €311 | -€11 | -3.5% |
| Profit (loss) for the period | 9904 | -€36,594 | -€150,963 | -€114,369 | -312.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,594 | -€150,963 | -€114,369 | -312.5% |
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 2 October 2026 via checked.be.