Buildco: 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.
Buildco
Largest movements
- Receivables within one year +€531,473
up €531,473 (+1719.9%), from €30,901 to €562,375
of which Other amounts receivable: +€560,375
- Current investments -€87,500
down €87,500 (-100.0%), from €87,500 to €0
- Other debts +€4.0m
up €4.0m (+26036.1%), from €15,308 to €4.0m
- Debts after one year -€3.4m
down €3.4m (-100.0%), from €3.4m to €0
- Trade debts +€1.8m
up €1.8m (+20158.5%), from €8,815 to €1.8m
- Profit (loss) carried forward -€987,959
down €987,959, from €0 to -€987,959
- Reserves -€651,274
down €651,274 (-100.0%), from €651,274 to €0
of which Distributable reserves: -€563,774
- Gross operating margin -€2.0m
down €2.0m, from €260,710 to -€1.7m
- Financial income -€70,503
down €70,503 (-20.0%), from €353,000 to €282,497
- Financial charges +€28,534
up €28,534 (+16.2%), from €176,487 to €205,021
- Taxes -€20,369
down €20,369 (-100.0%), from €20,369 to €0
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.
Cash bridge derived
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 | €5,418,856 | €5,906,315 | +€487,460 | +9.0% |
| Fixed assets | 21/28 | €5,300,000 | €5,300,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,300,000 | €5,300,000 | = | 0.0% |
| Current assets | 29/58 | €118,856 | €606,315 | +€487,460 | +410.1% |
| Amounts receivable within one year | 40/41 | €30,901 | €562,375 | +€531,473 | +1719.9% |
| Trade receivables | 40 | €28,901 | €0 | -€28,901 | -100.0% |
| Other amounts receivable | 41 | €2,000 | €562,375 | +€560,375 | +28018.7% |
| Current investments | 50/53 | €87,500 | €0 | -€87,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €43,487 | +€43,487 | |
| Deferred charges and accrued income | 490/1 | €454 | €454 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,418,856 | €5,906,315 | +€487,460 | +9.0% |
| Equity | 10/15 | €1,726,274 | €87,041 | -€1.6m | -95.0% |
| Contributions | 10/11 | €1,075,000 | €1,075,000 | = | 0.0% |
| Reserves | 13 | €651,274 | €0 | -€651,274 | -100.0% |
| Non-distributable reserves | 130/1 | €87,500 | €0 | -€87,500 | -100.0% |
| Own shares acquired | 1312 | €87,500 | €0 | -€87,500 | -100.0% |
| Distributable reserves | 133 | €563,774 | €0 | -€563,774 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€987,959 | -€987,959 | |
| Amounts payable | 17/49 | €3,692,582 | €5,819,274 | +€2.1m | +57.6% |
| Amounts payable after more than one year | 17 | €3,360,086 | €0 | -€3.4m | -100.0% |
| Financial debts | 170/4 | €3,360,086 | €0 | -€3.4m | -100.0% |
| Amounts payable within one year | 42/48 | €330,408 | €5,786,687 | +€5.5m | +1651.4% |
| Current portion of amounts payable after more than one year | 42 | €268,959 | €0 | -€268,959 | -100.0% |
| Financial debts | 43 | €5,997 | €0 | -€5,997 | -100.0% |
| Credit institutions | 430/8 | €5,997 | €0 | -€5,997 | -100.0% |
| Trade debts | 44 | €8,815 | €1,785,716 | +€1.8m | +20158.5% |
| Suppliers | 440/4 | €8,815 | €1,785,716 | +€1.8m | +20158.5% |
| Taxes, remuneration and social security | 45 | €31,329 | €0 | -€31,329 | -100.0% |
| Taxes | 450/3 | €31,329 | €0 | -€31,329 | -100.0% |
| Other amounts payable | 47/48 | €15,308 | €4,000,971 | +€4.0m | +26036.1% |
| Accrued charges and deferred income | 492/3 | €2,088 | €32,587 | +€30,500 | +1460.9% |
| Other operating charges | 640/8 | €2,750 | €1,856 | -€894 | -32.5% |
| Gross operating margin | 9900 | €260,710 | -€1,714,853 | -€2.0m | |
| Operating profit (loss) | 9901 | €257,960 | -€1,716,709 | -€2.0m | |
| Financial income | 75/76B | €353,000 | €282,497 | -€70,503 | -20.0% |
| Recurring financial income | 75 | €353,000 | €282,497 | -€70,503 | -20.0% |
| Financial charges | 65/66B | €176,487 | €205,021 | +€28,534 | +16.2% |
| Recurring financial charges | 65 | €176,487 | €205,021 | +€28,534 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €434,474 | -€1,639,233 | -€2.1m | |
| Income taxes | 67/77 | €20,369 | €0 | -€20,369 | -100.0% |
| Profit (loss) for the period | 9904 | €414,104 | -€1,639,233 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €414,104 | -€1,639,233 | -€2.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.