BUILD-X: 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-X
Largest movements
- Receivables within one year -€59,687
down €59,687 (-14.3%), from €417,879 to €358,192
of which Trade receivables: -€46,534
- Tangible fixed assets -€17,328
down €17,328 (-39.3%), from €44,064 to €26,736
of which Furniture and vehicles: -€9,108
- Cash -€10,585
down €10,585 (-86.1%), from €12,293 to €1,708
mainly Trade debts (-€91,183) and Net result for the year (-€13,966)
- Trade debts -€91,183
down €91,183 (-67.3%), from €135,500 to €44,317
- Tax, wage and social debts +€21,394
up €21,394 (+447.5%), from €4,780 to €26,175
of which Remuneration and social security: +€21,243
- Profit (loss) carried forward -€13,966
down €13,966 (-553.2%), from -€2,525 to -€16,491
- Debts after one year -€6,876
down €6,876 (-47.7%), from €14,423 to €7,546
- Write-downs +€15,451
new in 2024: €15,451
- Gross operating margin +€4,871
up €4,871 (+2.8%), from €171,924 to €176,795
- Other operating charges +€3,577
up €3,577 (+219.5%), from €1,630 to €5,207
- Staff costs -€3,444
down €3,444 (-2.2%), from €154,953 to €151,509
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 | €476,326 | €388,726 | -€87,600 | -18.4% |
| Fixed assets | 21/28 | €46,154 | €28,826 | -€17,328 | -37.5% |
| Tangible fixed assets | 22/27 | €44,064 | €26,736 | -€17,328 | -39.3% |
| Plant, machinery and equipment | 23 | €20,673 | €12,641 | -€8,032 | -38.9% |
| Furniture and vehicles | 24 | €23,185 | €14,077 | -€9,108 | -39.3% |
| Other tangible fixed assets | 26 | €206 | €18 | -€188 | -91.3% |
| Financial fixed assets | 28 | €2,090 | €2,090 | = | 0.0% |
| Current assets | 29/58 | €430,172 | €359,900 | -€70,272 | -16.3% |
| Amounts receivable within one year | 40/41 | €417,879 | €358,192 | -€59,687 | -14.3% |
| Trade receivables | 40 | €395,396 | €348,862 | -€46,534 | -11.8% |
| Other amounts receivable | 41 | €22,483 | €9,330 | -€13,153 | -58.5% |
| Cash at bank and in hand | 54/58 | €12,293 | €1,708 | -€10,585 | -86.1% |
| Total equity and liabilities | 10/49 | €476,326 | €388,726 | -€87,600 | -18.4% |
| Equity | 10/15 | €274,663 | €260,697 | -€13,966 | -5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €258,637 | €258,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €219,282 | €219,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,525 | -€16,491 | -€13,966 | -553.2% |
| Amounts payable | 17/49 | €201,663 | €128,029 | -€73,634 | -36.5% |
| Amounts payable after more than one year | 17 | €14,423 | €7,546 | -€6,876 | -47.7% |
| Financial debts | 170/4 | €14,423 | €7,546 | -€6,876 | -47.7% |
| Amounts payable within one year | 42/48 | €187,241 | €120,483 | -€66,758 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €6,792 | €6,876 | +€84 | +1.2% |
| Trade debts | 44 | €135,500 | €44,317 | -€91,183 | -67.3% |
| Suppliers | 440/4 | €135,500 | €44,317 | -€91,183 | -67.3% |
| Taxes, remuneration and social security | 45 | €4,780 | €26,175 | +€21,394 | +447.5% |
| Taxes | 450/3 | €2,881 | €3,032 | +€151 | +5.3% |
| Remuneration and social security | 454/9 | €1,900 | €23,142 | +€21,243 | +1118.3% |
| Other amounts payable | 47/48 | €40,169 | €43,115 | +€2,946 | +7.3% |
| Remuneration, social security and pensions | 62 | €154,953 | €151,509 | -€3,444 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,054 | €17,328 | +€1,274 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,451 | +€15,451 | |
| Other operating charges | 640/8 | €1,630 | €5,207 | +€3,577 | +219.5% |
| Gross operating margin | 9900 | €171,924 | €176,795 | +€4,871 | +2.8% |
| Operating profit (loss) | 9901 | -€714 | -€12,701 | -€11,987 | -1678.7% |
| Financial income | 75/76B | €573 | - | -€573 | |
| Recurring financial income | 75 | €573 | - | -€573 | |
| Financial charges | 65/66B | €1,841 | €1,392 | -€449 | -24.4% |
| Recurring financial charges | 65 | €1,841 | €1,392 | -€449 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,982 | -€14,093 | -€12,112 | -611.2% |
| Income taxes | 67/77 | €543 | -€127 | -€670 | |
| Profit (loss) for the period | 9904 | -€2,525 | -€13,966 | -€11,441 | -453.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,525 | -€13,966 | -€11,441 | -453.2% |
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 8 October 2026 via checked.be.