Build-Up 15: what changed
Build-Up 15
Largest movements
- Receivables within one year -€10,467
down €10,467 (-44.9%), from €23,320 to €12,853
- Cash +€10,182
new in 2025: €10,182
mainly Other debts (+€19,212) and Receivables within one year (+€10,467)
- Tangible fixed assets +€8,391
up €8,391 (+159%), from €5,288 to €13,679
of which Furniture and vehicles: +€7,660
- Deferred charges and accrued income -€475
down €475 (-81.0%), from €586 to €111
- Trade debts -€26,275
down €26,275 (-29.6%), from €88,905 to €62,631
of which Suppliers: -€14,962
- Other debts +€19,212
up €19,212 (+337%), from €5,709 to €24,921
- Debts after one year +€9,655
new in 2025: €9,655
- Tax, wage and social debts +€4,681
up €4,681 (+271%), from €1,730 to €6,411
- Profit (loss) carried forward +€1,218
up €1,218 (+1.6%), from -€74,211 to -€72,993
- Gross operating margin -€7,014
down €7,014 (-31.3%), from €22,386 to €15,372
- Other operating charges +€4,370
up €4,370 (+952%), from €459 to €4,829
- Taxes +€4,024
up €4,024 (+538%), from €748 to €4,772
- Depreciation +€1,431
up €1,431 (+60.5%), from €2,367 to €3,798
- Staff costs -€224
no longer reported in 2025 (was €224)
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 | €29,194 | €36,825 | +€7,631 | +26.1% |
| Fixed assets | 21/28 | €5,288 | €13,679 | +€8,391 | +159% |
| Tangible fixed assets | 22/27 | €5,288 | €13,679 | +€8,391 | +159% |
| Plant, machinery and equipment | 23 | €310 | €1,041 | +€730 | +235% |
| Furniture and vehicles | 24 | €4,978 | €12,638 | +€7,660 | +154% |
| Current assets | 29/58 | €23,906 | €23,146 | -€760 | -3.2% |
| Amounts receivable within one year | 40/41 | €23,320 | €12,853 | -€10,467 | -44.9% |
| Trade receivables | 40 | €23,320 | €12,853 | -€10,467 | -44.9% |
| Cash at bank and in hand | 54/58 | - | €10,182 | +€10,182 | |
| Deferred charges and accrued income | 490/1 | €586 | €111 | -€475 | -81.0% |
| Total equity and liabilities | 10/49 | €29,194 | €36,825 | +€7,631 | +26.1% |
| Equity | 10/15 | -€68,011 | -€66,793 | +€1,218 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,211 | -€72,993 | +€1,218 | +1.6% |
| Amounts payable | 17/49 | €97,205 | €103,618 | +€6,413 | +6.6% |
| Amounts payable after more than one year | 17 | - | €9,655 | +€9,655 | |
| Financial debts | 170/4 | - | €9,655 | +€9,655 | |
| Amounts payable within one year | 42/48 | €97,205 | €93,963 | -€3,242 | -3.3% |
| Financial debts | 43 | €861 | - | -€861 | |
| Credit institutions | 430/8 | €861 | - | -€861 | |
| Trade debts | 44 | €88,905 | €62,631 | -€26,275 | -29.6% |
| Suppliers | 440/4 | €77,593 | €62,631 | -€14,962 | -19.3% |
| Bills of exchange payable | 441 | €11,313 | - | -€11,313 | |
| Taxes, remuneration and social security | 45 | €1,730 | €6,411 | +€4,681 | +271% |
| Taxes | 450/3 | €1,730 | €6,411 | +€4,681 | +271% |
| Other amounts payable | 47/48 | €5,709 | €24,921 | +€19,212 | +337% |
| Remuneration, social security and pensions | 62 | €224 | - | -€224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,367 | €3,798 | +€1,431 | +60.5% |
| Other operating charges | 640/8 | €459 | €4,829 | +€4,370 | +952% |
| Gross operating margin | 9900 | €22,386 | €15,372 | -€7,014 | -31.3% |
| Operating profit (loss) | 9901 | €19,336 | €6,745 | -€12,592 | -65.1% |
| Financial income | 75/76B | €49 | €6 | -€43 | -88.5% |
| Recurring financial income | 75 | €49 | €6 | -€43 | -88.5% |
| Financial charges | 65/66B | €586 | €760 | +€175 | +29.9% |
| Recurring financial charges | 65 | €586 | €760 | +€175 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €18,800 | €5,990 | -€12,810 | -68.1% |
| Income taxes | 67/77 | €748 | €4,772 | +€4,024 | +538% |
| Profit (loss) for the period | 9904 | €18,052 | €1,218 | -€16,834 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,052 | €1,218 | -€16,834 | -93.3% |
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 2 November 2026 via checked.be.