BUILD SYSTEM: 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 SYSTEM
Largest movements
- Cash +€32,237
up €32,237 (+260.4%), from €12,379 to €44,615
mainly Trade debts (+€21,926) and Receivables within one year (+€12,346)
- Receivables within one year -€12,346
down €12,346 (-36.4%), from €33,949 to €21,602
of which Trade receivables: -€10,037
- Tangible fixed assets +€6,495
up €6,495 (+5063.2%), from €128 to €6,623
of which Plant, machinery and equipment: +€4,972
- Trade debts +€21,926
up €21,926 (+110.1%), from €19,920 to €41,846
- Profit (loss) carried forward +€3,336
up €3,336 (+26.2%), from €12,722 to €16,058
- Other debts +€1,369
new in 2024: €1,369
- Gross operating margin -€10,939
down €10,939 (-48.2%), from €22,697 to €11,758
- Taxes -€2,716
down €2,716 (-57.8%), from €4,697 to €1,981
- Depreciation +€2,336
up €2,336 (+368.7%), from €634 to €2,970
- Financial charges -€1,671
down €1,671 (-41.6%), from €4,019 to €2,347
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,798 | €75,077 | +€26,279 | +53.9% |
| Fixed assets | 21/28 | €2,288 | €8,783 | +€6,495 | +283.8% |
| Tangible fixed assets | 22/27 | €128 | €6,623 | +€6,495 | +5063.2% |
| Plant, machinery and equipment | 23 | €128 | €5,100 | +€4,972 | +3875.8% |
| Furniture and vehicles | 24 | - | €1,523 | +€1,523 | |
| Financial fixed assets | 28 | €2,160 | €2,160 | = | 0.0% |
| Current assets | 29/58 | €46,510 | €66,294 | +€19,784 | +42.5% |
| Amounts receivable within one year | 40/41 | €33,949 | €21,602 | -€12,346 | -36.4% |
| Trade receivables | 40 | €28,700 | €18,664 | -€10,037 | -35.0% |
| Other amounts receivable | 41 | €5,248 | €2,938 | -€2,310 | -44.0% |
| Cash at bank and in hand | 54/58 | €12,379 | €44,615 | +€32,237 | +260.4% |
| Deferred charges and accrued income | 490/1 | €183 | €77 | -€106 | -58.2% |
| Total equity and liabilities | 10/49 | €48,798 | €75,077 | +€26,279 | +53.9% |
| Equity | 10/15 | €21,822 | €25,158 | +€3,336 | +15.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,100 | €6,100 | = | 0.0% |
| Distributable reserves | 133 | €6,100 | €6,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,722 | €16,058 | +€3,336 | +26.2% |
| Amounts payable | 17/49 | €26,976 | €49,919 | +€22,943 | +85.0% |
| Amounts payable within one year | 42/48 | €26,976 | €49,919 | +€22,943 | +85.0% |
| Trade debts | 44 | €19,920 | €41,846 | +€21,926 | +110.1% |
| Suppliers | 440/4 | €19,920 | €41,846 | +€21,926 | +110.1% |
| Taxes, remuneration and social security | 45 | €7,056 | €6,704 | -€352 | -5.0% |
| Taxes | 450/3 | €7,056 | €6,704 | -€352 | -5.0% |
| Other amounts payable | 47/48 | - | €1,369 | +€1,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €2,970 | +€2,336 | +368.7% |
| Other operating charges | 640/8 | €958 | €1,135 | +€176 | +18.4% |
| Gross operating margin | 9900 | €22,697 | €11,758 | -€10,939 | -48.2% |
| Operating profit (loss) | 9901 | €21,105 | €7,653 | -€13,452 | -63.7% |
| Financial income | 75/76B | €182 | €11 | -€171 | -93.8% |
| Recurring financial income | 75 | €182 | €11 | -€171 | -93.8% |
| Financial charges | 65/66B | €4,019 | €2,347 | -€1,671 | -41.6% |
| Recurring financial charges | 65 | €4,019 | €2,347 | -€1,671 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €17,269 | €5,317 | -€11,952 | -69.2% |
| Income taxes | 67/77 | €4,697 | €1,981 | -€2,716 | -57.8% |
| Profit (loss) for the period | 9904 | €12,571 | €3,336 | -€9,236 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,571 | €3,336 | -€9,236 | -73.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.