Build@Sea Projects: 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@Sea Projects
Largest movements
- Receivables within one year -€133,950
down €133,950 (-100.0%), from €133,950 to €0
- Cash +€32,903
up €32,903 (+1503.1%), from €2,189 to €35,092
mainly Net result for the year (+€140,044) and Receivables within one year (+€133,950)
- Stocks and contracts +€26,583
up €26,583 (+2.9%), from €905,536 to €932,118
- Other debts -€239,475
down €239,475 (-32.8%), from €730,695 to €491,220
- Reserves +€140,044
up €140,044 (+51.6%), from €271,416 to €411,460
- Tax, wage and social debts +€25,075
up €25,075 (+72.5%), from €34,605 to €59,680
- Gross operating margin +€97,827
up €97,827 (+58.0%), from €168,639 to €266,466
- Taxes +€28,102
up €28,102 (+81.2%), from €34,605 to €62,707
- Financial charges +€7,069
new in 2025: €7,069
- Financial income -€4,377
down €4,377 (-100.0%), from €4,377 to €0
- Other operating charges -€3,375
down €3,375 (-5.6%), from €60,023 to €56,647
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 | €1,041,946 | €967,360 | -€74,586 | -7.2% |
| Current assets | 29/58 | €1,041,946 | €967,360 | -€74,586 | -7.2% |
| Stocks and contracts in progress | 3 | €905,536 | €932,118 | +€26,583 | +2.9% |
| Stocks | 30/36 | €905,536 | €932,118 | +€26,583 | +2.9% |
| Amounts receivable within one year | 40/41 | €133,950 | €0 | -€133,950 | -100.0% |
| Trade receivables | 40 | €133,950 | €0 | -€133,950 | -100.0% |
| Current investments | 50/53 | €77 | €77 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,189 | €35,092 | +€32,903 | +1503.1% |
| Deferred charges and accrued income | 490/1 | €195 | €73 | -€122 | -62.6% |
| Total equity and liabilities | 10/49 | €1,041,946 | €967,360 | -€74,586 | -7.2% |
| Equity | 10/15 | €276,416 | €416,460 | +€140,044 | +50.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €271,416 | €411,460 | +€140,044 | +51.6% |
| Distributable reserves | 133 | €271,416 | €411,460 | +€140,044 | +51.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €765,530 | €550,900 | -€214,630 | -28.0% |
| Amounts payable within one year | 42/48 | €765,530 | €550,900 | -€214,630 | -28.0% |
| Trade debts | 44 | €230 | €0 | -€230 | -100.0% |
| Suppliers | 440/4 | €230 | €0 | -€230 | -100.0% |
| Taxes, remuneration and social security | 45 | €34,605 | €59,680 | +€25,075 | +72.5% |
| Taxes | 450/3 | €34,605 | €59,680 | +€25,075 | +72.5% |
| Other amounts payable | 47/48 | €730,695 | €491,220 | -€239,475 | -32.8% |
| Other operating charges | 640/8 | €60,023 | €56,647 | -€3,375 | -5.6% |
| Gross operating margin | 9900 | €168,639 | €266,466 | +€97,827 | +58.0% |
| Operating profit (loss) | 9901 | €108,616 | €209,819 | +€101,203 | +93.2% |
| Financial income | 75/76B | €4,377 | €0 | -€4,377 | -100.0% |
| Recurring financial income | 75 | €4,377 | €0 | -€4,377 | -100.0% |
| Financial charges | 65/66B | - | €7,069 | +€7,069 | |
| Recurring financial charges | 65 | - | €7,069 | +€7,069 | |
| Profit (loss) for the period before taxes | 9903 | €112,993 | €202,750 | +€89,757 | +79.4% |
| Income taxes | 67/77 | €34,605 | €62,707 | +€28,102 | +81.2% |
| Profit (loss) for the period | 9904 | €78,388 | €140,044 | +€61,655 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,388 | €140,044 | +€61,655 | +78.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.