Build & Project: 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 & Project
Largest movements
- Cash +€75,230
up €75,230 (+5015.4%), from €1,500 to €76,730
mainly Net result for the year (+€67,743) and Trade debts (+€27,113)
- Receivables within one year +€14,461
up €14,461 (+66.3%), from €21,808 to €36,269
of which Trade receivables: +€23,330
- Deferred charges and accrued income +€5,462
new in 2025: €5,462
- Tangible fixed assets +€2,146
new in 2025: €2,146
of which Plant, machinery and equipment: +€1,155
- Profit (loss) carried forward +€66,910
up €66,910 (+454.1%), from €14,734 to €81,644
- Trade debts +€27,113
up €27,113 (+1166.4%), from €2,325 to €29,438
- Tax, wage and social debts +€4,102
up €4,102 (+104.7%), from €3,917 to €8,019
of which Remuneration and social security: +€2,658
- Gross operating margin +€71,971
up €71,971 (+364.1%), from €19,768 to €91,739
- Taxes +€13,346
up €13,346 (+340.7%), from €3,917 to €17,263
- Financial charges +€2,710
up €2,710 (+933.9%), from €290 to €3,001
- Staff costs +€1,683
new in 2025: €1,683
- Other operating charges +€1,257
up €1,257 (+2513.9%), from €50 to €1,307
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 | €23,308 | €121,433 | +€98,125 | +421.0% |
| Fixed assets | 21/28 | - | €2,972 | +€2,972 | |
| Tangible fixed assets | 22/27 | - | €2,146 | +€2,146 | |
| Plant, machinery and equipment | 23 | - | €1,155 | +€1,155 | |
| Furniture and vehicles | 24 | - | €991 | +€991 | |
| Financial fixed assets | 28 | - | €826 | +€826 | |
| Current assets | 29/58 | €23,308 | €118,461 | +€95,153 | +408.2% |
| Amounts receivable within one year | 40/41 | €21,808 | €36,269 | +€14,461 | +66.3% |
| Trade receivables | 40 | - | €23,330 | +€23,330 | |
| Other amounts receivable | 41 | €21,808 | €12,938 | -€8,870 | -40.7% |
| Cash at bank and in hand | 54/58 | €1,500 | €76,730 | +€75,230 | +5015.4% |
| Deferred charges and accrued income | 490/1 | - | €5,462 | +€5,462 | |
| Total equity and liabilities | 10/49 | €23,308 | €121,433 | +€98,125 | +421.0% |
| Equity | 10/15 | €16,234 | €83,144 | +€66,910 | +412.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,734 | €81,644 | +€66,910 | +454.1% |
| Amounts payable | 17/49 | €7,075 | €38,289 | +€31,215 | +441.2% |
| Amounts payable within one year | 42/48 | €7,075 | €38,289 | +€31,215 | +441.2% |
| Trade debts | 44 | €2,325 | €29,438 | +€27,113 | +1166.4% |
| Suppliers | 440/4 | €2,325 | €29,438 | +€27,113 | +1166.4% |
| Taxes, remuneration and social security | 45 | €3,917 | €8,019 | +€4,102 | +104.7% |
| Taxes | 450/3 | €3,917 | €5,361 | +€1,444 | +36.9% |
| Remuneration and social security | 454/9 | - | €2,658 | +€2,658 | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,683 | +€1,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €830 | +€830 | |
| Other operating charges | 640/8 | €50 | €1,307 | +€1,257 | +2513.9% |
| Gross operating margin | 9900 | €19,768 | €91,739 | +€71,971 | +364.1% |
| Operating profit (loss) | 9901 | €19,718 | €87,919 | +€68,201 | +345.9% |
| Financial income | 75/76B | €56 | €87 | +€31 | +56.1% |
| Recurring financial income | 75 | €56 | €87 | +€31 | +56.1% |
| Financial charges | 65/66B | €290 | €3,001 | +€2,710 | +933.9% |
| Recurring financial charges | 65 | €290 | €3,001 | +€2,710 | +933.9% |
| Profit (loss) for the period before taxes | 9903 | €19,484 | €85,006 | +€65,522 | +336.3% |
| Income taxes | 67/77 | €3,917 | €17,263 | +€13,346 | +340.7% |
| Profit (loss) for the period | 9904 | €15,567 | €67,743 | +€52,176 | +335.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,567 | €67,743 | +€52,176 | +335.2% |
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 9 October 2026 via checked.be.