BUILDINESS: 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.
BUILDINESS
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+71.3%), from €1.8m to €3.0m
of which Land and buildings: +€1.2m
- Stocks and contracts -€982,320
down €982,320 (-100.0%), from €982,320 to €0
- Cash -€816,730
down €816,730 (-63.0%), from €1.3m to €479,577
mainly Investment in fixed assets (net) (-€1.4m) and Other debts (-€541,300)
- Receivables within one year +€256,505
up €256,505 (+154.1%), from €166,417 to €422,922
of which Other amounts receivable: +€410,179
- Other debts -€541,300
no longer reported in 2025 (was €541,300)
- Trade debts +€339,253
up €339,253 (+691.7%), from €49,044 to €388,297
- Reserves +€125,743
up €125,743 (+6.0%), from €2.1m to €2.2m
of which Distributable reserves: +€125,743
- Tax, wage and social debts -€117,933
down €117,933 (-92.2%), from €127,933 to €10,000
of which Taxes: -€87,607
- Debts after one year -€112,298
down €112,298 (-10.6%), from €1.1m to €948,935
- Gross operating margin -€1.3m
down €1.3m (-73.7%), from €1.8m to €460,807
- Staff costs -€257,631
down €257,631 (-69.0%), from €373,430 to €115,799
- Taxes -€150,342
down €150,342 (-82.0%), from €183,287 to €32,945
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 | €4,221,700 | €3,945,816 | -€275,884 | -6.5% |
| Fixed assets | 21/28 | €1,776,656 | €3,043,317 | +€1.3m | +71.3% |
| Tangible fixed assets | 22/27 | €1,776,406 | €3,043,067 | +€1.3m | +71.3% |
| Land and buildings | 22 | €1,507,953 | €2,724,031 | +€1.2m | +80.6% |
| Plant, machinery and equipment | 23 | €76,448 | €138,066 | +€61,619 | +80.6% |
| Furniture and vehicles | 24 | €139,380 | €152,445 | +€13,064 | +9.4% |
| Leasing and similar rights | 25 | €52,625 | €28,524 | -€24,100 | -45.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,445,044 | €902,499 | -€1.5m | -63.1% |
| Stocks and contracts in progress | 3 | €982,320 | €0 | -€982,320 | -100.0% |
| Stocks | 30/36 | €982,320 | €0 | -€982,320 | -100.0% |
| Amounts receivable within one year | 40/41 | €166,417 | €422,922 | +€256,505 | +154.1% |
| Trade receivables | 40 | €166,417 | €12,743 | -€153,674 | -92.3% |
| Other amounts receivable | 41 | - | €410,179 | +€410,179 | |
| Cash at bank and in hand | 54/58 | €1,296,307 | €479,577 | -€816,730 | -63.0% |
| Total equity and liabilities | 10/49 | €4,221,700 | €3,945,816 | -€275,884 | -6.5% |
| Equity | 10/15 | €2,124,493 | €2,250,236 | +€125,743 | +5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,105,901 | €2,231,644 | +€125,743 | +6.0% |
| Tax-exempt reserves | 132 | €525,317 | €525,317 | +€0 | 0.0% |
| Distributable reserves | 133 | €1,580,584 | €1,706,327 | +€125,743 | +8.0% |
| Provisions and deferred taxes | 16 | €154,040 | €154,040 | = | 0.0% |
| Deferred taxes | 168 | €154,040 | €154,040 | = | 0.0% |
| Amounts payable | 17/49 | €1,943,167 | €1,541,540 | -€401,627 | -20.7% |
| Amounts payable after more than one year | 17 | €1,061,233 | €948,935 | -€112,298 | -10.6% |
| Financial debts | 170/4 | €1,061,233 | €948,935 | -€112,298 | -10.6% |
| Amounts payable within one year | 42/48 | €828,691 | €510,595 | -€318,096 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €110,414 | €112,298 | +€1,884 | +1.7% |
| Trade debts | 44 | €49,044 | €388,297 | +€339,253 | +691.7% |
| Suppliers | 440/4 | €49,044 | €388,297 | +€339,253 | +691.7% |
| Taxes, remuneration and social security | 45 | €127,933 | €10,000 | -€117,933 | -92.2% |
| Taxes | 450/3 | €97,607 | €10,000 | -€87,607 | -89.8% |
| Remuneration and social security | 454/9 | €30,326 | €0 | -€30,326 | -100.0% |
| Other amounts payable | 47/48 | €541,300 | - | -€541,300 | |
| Accrued charges and deferred income | 492/3 | €53,243 | €82,011 | +€28,767 | +54.0% |
| Non-recurring operating income | 76A | €620,510 | - | -€620,510 | |
| Remuneration, social security and pensions | 62 | €373,430 | €115,799 | -€257,631 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,867 | €141,858 | -€9 | 0.0% |
| Other operating charges | 640/8 | €9,651 | €6,038 | -€3,612 | -37.4% |
| Gross operating margin | 9900 | €1,751,319 | €460,807 | -€1.3m | -73.7% |
| Operating profit (loss) | 9901 | €1,226,371 | €197,111 | -€1.0m | -83.9% |
| Financial income | 75/76B | €30,831 | €30,300 | -€531 | -1.7% |
| Recurring financial income | 75 | €30,831 | €30,300 | -€531 | -1.7% |
| Financial charges | 65/66B | €64,400 | €68,724 | +€4,324 | +6.7% |
| Recurring financial charges | 65 | €62,411 | €66,295 | +€3,884 | +6.2% |
| Non-recurring financial charges | 66B | €1,989 | €2,429 | +€440 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €1,192,802 | €158,688 | -€1.0m | -86.7% |
| Transfer to deferred taxes | 680 | €154,040 | - | -€154,040 | |
| Income taxes | 67/77 | €183,287 | €32,945 | -€150,342 | -82.0% |
| Profit (loss) for the period | 9904 | €855,475 | €125,743 | -€729,732 | -85.3% |
| Transfer to tax-exempt reserves | 689 | €462,120 | - | -€462,120 | |
| Profit (loss) for the period to be appropriated | 9905 | €393,355 | €125,743 | -€267,612 | -68.0% |
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 4 October 2026 via checked.be.