BUILD4POWER: what changed
BUILD4POWER
Largest movements
- Tangible fixed assets -€13,907
down €13,907 (-44.7%), from €31,107 to €17,200
of which Leasing and similar rights: -€13,770
- Cash -€5,259
down €5,259 (-64.6%), from €8,142 to €2,883
mainly Debts after one year (-€11,275) and Net result for the year (-€5,183)
- Receivables within one year -€3,238
down €3,238 (-17.7%), from €18,284 to €15,047
of which Trade receivables: -€2,645
- Deferred charges and accrued income +€3,226
up €3,226 (+279%), from €1,154 to €4,380
- Debts after one year -€11,275
down €11,275 (-34.6%), from €32,604 to €21,329
- Profit (loss) carried forward -€5,183
down €5,183, from €4,238 to -€944
- Trade debts -€3,091
down €3,091 (-46.4%), from €6,655 to €3,564
- Current portion of long-term debt +€983
up €983 (+9.6%), from €10,292 to €11,275
- Tax, wage and social debts -€612
down €612 (-15.7%), from €3,897 to €3,285
- Purchases and services +€60,432
up €60,432 (+30.2%), from €199,899 to €260,331
- Turnover +€52,377
up €52,377 (+23.0%), from €228,135 to €280,512
- Gross operating margin -€6,586
down €6,586 (-23.3%), from €28,236 to €21,650
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 | €58,687 | €39,509 | -€19,178 | -32.7% |
| Fixed assets | 21/28 | €31,107 | €17,200 | -€13,907 | -44.7% |
| Tangible fixed assets | 22/27 | €31,107 | €17,200 | -€13,907 | -44.7% |
| Furniture and vehicles | 24 | €3,563 | €3,425 | -€137 | -3.9% |
| Leasing and similar rights | 25 | €27,544 | €13,774 | -€13,770 | -50.0% |
| Current assets | 29/58 | €27,581 | €22,310 | -€5,271 | -19.1% |
| Amounts receivable within one year | 40/41 | €18,284 | €15,047 | -€3,238 | -17.7% |
| Trade receivables | 40 | €13,873 | €11,228 | -€2,645 | -19.1% |
| Other amounts receivable | 41 | €4,412 | €3,819 | -€593 | -13.4% |
| Cash at bank and in hand | 54/58 | €8,142 | €2,883 | -€5,259 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,154 | €4,380 | +€3,226 | +279% |
| Total equity and liabilities | 10/49 | €58,687 | €39,509 | -€19,178 | -32.7% |
| Equity | 10/15 | €5,238 | €56 | -€5,183 | -98.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,238 | -€944 | -€5,183 | |
| Amounts payable | 17/49 | €53,449 | €39,454 | -€13,995 | -26.2% |
| Amounts payable after more than one year | 17 | €32,604 | €21,329 | -€11,275 | -34.6% |
| Financial debts | 170/4 | €32,604 | €21,329 | -€11,275 | -34.6% |
| Amounts payable within one year | 42/48 | €20,845 | €18,125 | -€2,720 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €10,292 | €11,275 | +€983 | +9.6% |
| Trade debts | 44 | €6,655 | €3,564 | -€3,091 | -46.4% |
| Suppliers | 440/4 | €6,655 | €3,564 | -€3,091 | -46.4% |
| Taxes, remuneration and social security | 45 | €3,897 | €3,285 | -€612 | -15.7% |
| Taxes | 450/3 | €3,897 | €3,285 | -€612 | -15.7% |
| Turnover | 70 | €228,135 | €280,512 | +€52,377 | +23.0% |
| Non-recurring operating income | 76A | - | €1,469 | +€1,469 | |
| Goods, raw materials, services and sundry goods | 60/61 | €199,899 | €260,331 | +€60,432 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,288 | €15,526 | +€1,238 | +8.7% |
| Other operating charges | 640/8 | €5,240 | €4,479 | -€761 | -14.5% |
| Gross operating margin | 9900 | €28,236 | €21,650 | -€6,586 | -23.3% |
| Operating profit (loss) | 9901 | €8,708 | €1,645 | -€7,063 | -81.1% |
| Financial income | 75/76B | €522 | €193 | -€330 | -63.1% |
| Recurring financial income | 75 | €522 | €193 | -€330 | -63.1% |
| Financial charges | 65/66B | €4,573 | €3,735 | -€838 | -18.3% |
| Recurring financial charges | 65 | €4,573 | €3,735 | -€838 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €4,657 | -€1,897 | -€6,555 | |
| Income taxes | 67/77 | €3,897 | €3,285 | -€612 | -15.7% |
| Profit (loss) for the period | 9904 | €760 | -€5,183 | -€5,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €760 | -€5,183 | -€5,943 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.