Build-Rebuild: what changed
Build-Rebuild
Largest movements
- Deferred charges and accrued income -€22,435
down €22,435 (-90.9%), from €24,688 to €2,253
- Receivables after one year -€14,500
down €14,500 (-100%), from €14,500 to €0
- Tangible fixed assets -€11,010
down €11,010 (-57.2%), from €19,261 to €8,251
of which Furniture and vehicles: -€7,399
- Cash -€8,330
down €8,330 (-81.7%), from €10,197 to €1,867
mainly Net result for the year (-€64,372) and Trade debts (-€4,802)
- Receivables within one year -€8,232
down €8,232 (-68.7%), from €11,987 to €3,756
of which Trade receivables: -€8,572
- Profit (loss) carried forward -€64,372
new in 2025: -€64,372
- Other debts +€14,887
up €14,887 (+253%), from €5,893 to €20,780
- Trade debts -€4,802
down €4,802 (-59.8%), from €8,035 to €3,234
- Current portion of long-term debt -€4,597
down €4,597 (-54.8%), from €8,383 to €3,786
- Debts after one year -€3,786
down €3,786 (-100%), from €3,786 to €0
- Gross operating margin -€107,649
down €107,649, from €57,931 to -€49,718
- Staff costs -€38,297
down €38,297 (-100%), from €38,297 to €0
- Depreciation -€3,188
down €3,188 (-22.9%), from €13,896 to €10,708
- Financial charges -€2,119
down €2,119 (-61.8%), from €3,430 to €1,312
- Financial income -€1,225
down €1,225 (-99.9%), from €1,226 to €1
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,927 | €17,997 | -€66,930 | -78.8% |
| Fixed assets | 21/28 | €21,131 | €10,121 | -€11,010 | -52.1% |
| Tangible fixed assets | 22/27 | €19,261 | €8,251 | -€11,010 | -57.2% |
| Plant, machinery and equipment | 23 | €1,710 | €600 | -€1,110 | -64.9% |
| Furniture and vehicles | 24 | €15,050 | €7,651 | -€7,399 | -49.2% |
| Leasing and similar rights | 25 | €2,502 | €0 | -€2,502 | -100% |
| Financial fixed assets | 28 | €1,870 | €1,870 | = | 0.0% |
| Current assets | 29/58 | €63,795 | €7,876 | -€55,920 | -87.7% |
| Amounts receivable after more than one year | 29 | €14,500 | €0 | -€14,500 | -100% |
| Other amounts receivable | 291 | €14,500 | €0 | -€14,500 | -100% |
| Stocks and contracts in progress | 3 | €2,423 | €0 | -€2,423 | -100% |
| Stocks | 30/36 | €2,423 | €0 | -€2,423 | -100% |
| Amounts receivable within one year | 40/41 | €11,987 | €3,756 | -€8,232 | -68.7% |
| Trade receivables | 40 | €9,283 | €711 | -€8,572 | -92.3% |
| Other amounts receivable | 41 | €2,704 | €3,045 | +€340 | +12.6% |
| Cash at bank and in hand | 54/58 | €10,197 | €1,867 | -€8,330 | -81.7% |
| Deferred charges and accrued income | 490/1 | €24,688 | €2,253 | -€22,435 | -90.9% |
| Total equity and liabilities | 10/49 | €84,927 | €17,997 | -€66,930 | -78.8% |
| Equity | 10/15 | €54,456 | -€9,916 | -€64,372 | |
| Reserves | 13 | €54,456 | €54,456 | = | 0.0% |
| Distributable reserves | 133 | €54,456 | €54,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€64,372 | -€64,372 | |
| Amounts payable | 17/49 | €30,471 | €27,913 | -€2,558 | -8.4% |
| Amounts payable after more than one year | 17 | €3,786 | €0 | -€3,786 | -100% |
| Financial debts | 170/4 | €3,786 | €0 | -€3,786 | -100% |
| Amounts payable within one year | 42/48 | €25,834 | €27,913 | +€2,079 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €8,383 | €3,786 | -€4,597 | -54.8% |
| Trade debts | 44 | €8,035 | €3,234 | -€4,802 | -59.8% |
| Suppliers | 440/4 | €8,035 | €3,234 | -€4,802 | -59.8% |
| Taxes, remuneration and social security | 45 | €3,523 | €113 | -€3,410 | -96.8% |
| Taxes | 450/3 | €2,809 | €113 | -€2,695 | -96.0% |
| Remuneration and social security | 454/9 | €714 | €0 | -€714 | -100% |
| Other amounts payable | 47/48 | €5,893 | €20,780 | +€14,887 | +253% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100% |
| Remuneration, social security and pensions | 62 | €38,297 | €0 | -€38,297 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,896 | €10,708 | -€3,188 | -22.9% |
| Other operating charges | 640/8 | €3,485 | €2,333 | -€1,151 | -33.0% |
| Non-recurring operating charges | 66A | - | €302 | +€302 | |
| Gross operating margin | 9900 | €57,931 | -€49,718 | -€107,649 | |
| Operating profit (loss) | 9901 | €2,253 | -€63,062 | -€65,315 | |
| Financial income | 75/76B | €1,226 | €1 | -€1,225 | -99.9% |
| Recurring financial income | 75 | €1,226 | €1 | -€1,225 | -99.9% |
| Financial charges | 65/66B | €3,430 | €1,312 | -€2,119 | -61.8% |
| Recurring financial charges | 65 | €3,430 | €1,312 | -€2,119 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €50 | -€64,372 | -€64,422 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €50 | -€64,372 | -€64,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €50 | -€64,372 | -€64,422 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.