BUILD & RENOVA: 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 & RENOVA
Largest movements
- Receivables within one year +€12,818
up €12,818 (+21.9%), from €58,487 to €71,305
of which Trade receivables: +€15,340
- Tangible fixed assets +€1,546
up €1,546 (+134%), from €1,157 to €2,703
of which Plant, machinery and equipment: +€2,535
- Profit (loss) carried forward +€36,308
up €36,308 (+71.0%), from -€51,164 to -€14,856
- Trade debts -€12,651
down €12,651 (-15.2%), from €82,995 to €70,344
- Short-term financial debts -€8,509
down €8,509 (-37.5%), from €22,668 to €14,160
- Current portion of long-term debt -€6,120
no longer reported in 2025 (was €6,120)
- Other debts +€4,000
new in 2025: €4,000
- Gross operating margin +€65,512
up €65,512, from -€18,161 to €47,351
- Depreciation -€12,257
down €12,257 (-92.5%), from €13,250 to €994
- Taxes -€3,890
no longer reported in 2025 (was €3,890)
- Financial charges +€1,640
up €1,640 (+117%), from €1,402 to €3,041
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 | €64,620 | €79,443 | +€14,824 | +22.9% |
| Fixed assets | 21/28 | €1,157 | €2,703 | +€1,546 | +134% |
| Tangible fixed assets | 22/27 | €1,157 | €2,703 | +€1,546 | +134% |
| Plant, machinery and equipment | 23 | - | €2,535 | +€2,535 | |
| Furniture and vehicles | 24 | €1,157 | €167 | -€989 | -85.5% |
| Current assets | 29/58 | €63,463 | €76,740 | +€13,277 | +20.9% |
| Amounts receivable within one year | 40/41 | €58,487 | €71,305 | +€12,818 | +21.9% |
| Trade receivables | 40 | €28,686 | €44,026 | +€15,340 | +53.5% |
| Other amounts receivable | 41 | €29,801 | €27,279 | -€2,522 | -8.5% |
| Cash at bank and in hand | 54/58 | €4,976 | €5,435 | +€459 | +9.2% |
| Total equity and liabilities | 10/49 | €64,620 | €79,443 | +€14,824 | +22.9% |
| Equity | 10/15 | -€47,164 | -€10,856 | +€36,308 | +77.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €4,000 | +€4,000 | |
| Other | 1109/19 | - | €4,000 | +€4,000 | |
| Profit (loss) carried forward | 14 | -€51,164 | -€14,856 | +€36,308 | +71.0% |
| Amounts payable | 17/49 | €111,783 | €90,299 | -€21,484 | -19.2% |
| Amounts payable within one year | 42/48 | €111,783 | €90,299 | -€21,484 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €6,120 | - | -€6,120 | |
| Financial debts | 43 | €22,668 | €14,160 | -€8,509 | -37.5% |
| Credit institutions | 430/8 | €22,668 | €14,160 | -€8,509 | -37.5% |
| Trade debts | 44 | €82,995 | €70,344 | -€12,651 | -15.2% |
| Suppliers | 440/4 | €82,995 | €70,344 | -€12,651 | -15.2% |
| Taxes, remuneration and social security | 45 | - | €1,796 | +€1,796 | |
| Taxes | 450/3 | - | €1,796 | +€1,796 | |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,250 | €994 | -€12,257 | -92.5% |
| Other operating charges | 640/8 | €7,236 | €7,020 | -€216 | -3.0% |
| Gross operating margin | 9900 | -€18,161 | €47,351 | +€65,512 | |
| Operating profit (loss) | 9901 | -€38,648 | €39,337 | +€77,985 | |
| Financial income | 75/76B | €1 | €12 | +€12 | +2,318% |
| Recurring financial income | 75 | €1 | €12 | +€12 | +2,318% |
| Financial charges | 65/66B | €1,402 | €3,041 | +€1,640 | +117% |
| Recurring financial charges | 65 | €1,402 | €3,041 | +€1,640 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€40,049 | €36,308 | +€76,357 | |
| Income taxes | 67/77 | €3,890 | - | -€3,890 | |
| Profit (loss) for the period | 9904 | -€43,939 | €36,308 | +€80,247 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,939 | €36,308 | +€80,247 |
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 30 October 2026 via checked.be.