BUILD4MORE: 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.
BUILD4MORE
Largest movements
- Tangible fixed assets +€33,468
up €33,468 (+151%), from €22,233 to €55,700
of which Leasing and similar rights: +€33,672
- Cash +€14,306
up €14,306 (+413%), from €3,463 to €17,769
mainly Debts after one year (+€33,245) and Net result for the year (+€21,096)
- Receivables within one year +€6,412
up €6,412 (+27.3%), from €23,466 to €29,878
of which Other amounts receivable: +€6,412
- Deferred charges and accrued income +€2,128
up €2,128 (+549%), from €387 to €2,515
- Debts after one year +€33,245
up €33,245 (+728%), from €4,565 to €37,811
- Profit (loss) carried forward +€21,096
up €21,096, from -€6,487 to €14,609
- Tax, wage and social debts +€5,870
up €5,870 (+71.6%), from €8,203 to €14,073
- Other debts -€4,279
no longer reported in 2025 (was €4,279)
- Trade debts -€1,436
down €1,436 (-42.2%), from €3,400 to €1,964
- Gross operating margin +€21,077
up €21,077 (+75.7%), from €27,834 to €48,911
- Other operating charges +€7,878
up €7,878 (+6,676%), from €118 to €7,996
- Taxes +€6,642
up €6,642 (+3,511%), from €189 to €6,831
- Depreciation +€4,448
up €4,448 (+69.7%), from €6,386 to €10,834
- Financial charges +€775
up €775 (+50.7%), from €1,529 to €2,305
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 | €49,549 | €105,862 | +€56,314 | +114% |
| Fixed assets | 21/28 | €22,233 | €55,700 | +€33,468 | +151% |
| Tangible fixed assets | 22/27 | €22,233 | €55,700 | +€33,468 | +151% |
| Furniture and vehicles | 24 | €774 | €570 | -€204 | -26.4% |
| Leasing and similar rights | 25 | €21,459 | €55,130 | +€33,672 | +157% |
| Current assets | 29/58 | €27,316 | €50,162 | +€22,846 | +83.6% |
| Amounts receivable within one year | 40/41 | €23,466 | €29,878 | +€6,412 | +27.3% |
| Trade receivables | 40 | €22,720 | €22,720 | = | 0.0% |
| Other amounts receivable | 41 | €746 | €7,158 | +€6,412 | +860% |
| Cash at bank and in hand | 54/58 | €3,463 | €17,769 | +€14,306 | +413% |
| Deferred charges and accrued income | 490/1 | €387 | €2,515 | +€2,128 | +549% |
| Total equity and liabilities | 10/49 | €49,549 | €105,862 | +€56,314 | +114% |
| Equity | 10/15 | €18,513 | €39,609 | +€21,096 | +114% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,487 | €14,609 | +€21,096 | |
| Amounts payable | 17/49 | €31,036 | €66,253 | +€35,217 | +113% |
| Amounts payable after more than one year | 17 | €4,565 | €37,811 | +€33,245 | +728% |
| Financial debts | 170/4 | €4,565 | €37,811 | +€33,245 | +728% |
| Amounts payable within one year | 42/48 | €26,470 | €28,443 | +€1,972 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €10,589 | €11,106 | +€516 | +4.9% |
| Financial debts | 43 | - | €1,301 | +€1,301 | |
| Other loans | 439 | - | €1,301 | +€1,301 | |
| Trade debts | 44 | €3,400 | €1,964 | -€1,436 | -42.2% |
| Suppliers | 440/4 | €3,400 | €1,964 | -€1,436 | -42.2% |
| Taxes, remuneration and social security | 45 | €8,203 | €14,073 | +€5,870 | +71.6% |
| Taxes | 450/3 | €8,203 | €14,073 | +€5,870 | +71.6% |
| Other amounts payable | 47/48 | €4,279 | - | -€4,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,386 | €10,834 | +€4,448 | +69.7% |
| Other operating charges | 640/8 | €118 | €7,996 | +€7,878 | +6,676% |
| Gross operating margin | 9900 | €27,834 | €48,911 | +€21,077 | +75.7% |
| Operating profit (loss) | 9901 | €21,330 | €30,081 | +€8,751 | +41.0% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €1,529 | €2,305 | +€775 | +50.7% |
| Recurring financial charges | 65 | €1,529 | €2,305 | +€775 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €19,801 | €27,927 | +€8,126 | +41.0% |
| Income taxes | 67/77 | €189 | €6,831 | +€6,642 | +3,511% |
| Profit (loss) for the period | 9904 | €19,612 | €21,096 | +€1,485 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,612 | €21,096 | +€1,485 | +7.6% |
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 27 October 2026 via checked.be.