BUILD PROJECT VP: 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 VP
Largest movements
- Cash +€171,230
up €171,230 (+2791.1%), from €6,135 to €177,365
mainly Net result for the year (+€112,061) and Tax, wage and social debts (+€55,393)
- Tangible fixed assets -€11,373
down €11,373 (-25.3%), from €44,910 to €33,537
- Profit (loss) carried forward +€111,561
up €111,561 (+1945.7%), from €5,734 to €117,294
- Tax, wage and social debts +€55,393
up €55,393 (+3554.4%), from €1,558 to €56,951
- Debts after one year -€10,848
down €10,848 (-32.2%), from €33,646 to €22,798
- Gross operating margin +€149,541
up €149,541 (+1651.5%), from €9,055 to €158,596
- Taxes +€30,168
up €30,168 (+1935.8%), from €1,558 to €31,726
- Depreciation +€11,671
up €11,671 (+1115.6%), from €1,046 to €12,717
- Financial charges +€1,758
up €1,758 (+812.4%), from €216 to €1,975
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 | €64,523 | €221,516 | +€156,994 | +243.3% |
| Formation expenses | 20 | €1,344 | €0 | -€1,344 | -100.0% |
| Fixed assets | 21/28 | €44,910 | €33,537 | -€11,373 | -25.3% |
| Tangible fixed assets | 22/27 | €44,910 | €33,537 | -€11,373 | -25.3% |
| Furniture and vehicles | 24 | €44,910 | €33,537 | -€11,373 | -25.3% |
| Current assets | 29/58 | €18,268 | €187,979 | +€169,711 | +929.0% |
| Amounts receivable within one year | 40/41 | €12,133 | €10,174 | -€1,960 | -16.2% |
| Trade receivables | 40 | €6,056 | €10,174 | +€4,118 | +68.0% |
| Other amounts receivable | 41 | €6,077 | €0 | -€6,077 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,135 | €177,365 | +€171,230 | +2791.1% |
| Deferred charges and accrued income | 490/1 | - | €441 | +€441 | |
| Total equity and liabilities | 10/49 | €64,523 | €221,516 | +€156,994 | +243.3% |
| Equity | 10/15 | €7,734 | €119,294 | +€111,561 | +1442.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,734 | €117,294 | +€111,561 | +1945.7% |
| Amounts payable | 17/49 | €56,789 | €102,222 | +€45,433 | +80.0% |
| Amounts payable after more than one year | 17 | €33,646 | €22,798 | -€10,848 | -32.2% |
| Financial debts | 170/4 | €33,646 | €22,798 | -€10,848 | -32.2% |
| Amounts payable within one year | 42/48 | €23,090 | €78,876 | +€55,787 | +241.6% |
| Current portion of amounts payable after more than one year | 42 | €10,496 | €10,848 | +€352 | +3.3% |
| Trade debts | 44 | €145 | €224 | +€79 | +54.3% |
| Suppliers | 440/4 | €145 | €224 | +€79 | +54.3% |
| Taxes, remuneration and social security | 45 | €1,558 | €56,951 | +€55,393 | +3554.4% |
| Taxes | 450/3 | €1,558 | €56,951 | +€55,393 | +3554.4% |
| Other amounts payable | 47/48 | €10,890 | €10,853 | -€37 | -0.3% |
| Accrued charges and deferred income | 492/3 | €53 | €548 | +€494 | +924.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €12,717 | +€11,671 | +1115.6% |
| Other operating charges | 640/8 | - | €117 | +€117 | |
| Gross operating margin | 9900 | €9,055 | €158,596 | +€149,541 | +1651.5% |
| Operating profit (loss) | 9901 | €8,009 | €145,761 | +€137,753 | +1720.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €216 | €1,975 | +€1,758 | +812.4% |
| Recurring financial charges | 65 | €216 | €1,975 | +€1,758 | +812.4% |
| Profit (loss) for the period before taxes | 9903 | €7,792 | €143,787 | +€135,995 | +1745.3% |
| Income taxes | 67/77 | €1,558 | €31,726 | +€30,168 | +1935.8% |
| Profit (loss) for the period | 9904 | €6,234 | €112,061 | +€105,827 | +1697.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,234 | €112,061 | +€105,827 | +1697.7% |
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 6 October 2026 via checked.be.