BUILDING ASSETS CONCEPT: 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.
BUILDING ASSETS CONCEPT
Largest movements
- Cash +€108,366
up €108,366 (+500%), from €21,682 to €130,048
mainly Net result for the year (+€90,218) and Receivables within one year (+€48,143)
- Receivables within one year -€48,143
down €48,143 (-43.4%), from €110,963 to €62,819
of which Trade receivables: -€48,143
- Tangible fixed assets -€13,617
down €13,617 (-4.9%), from €278,685 to €265,069
of which Land and buildings: -€9,375
- Reserves +€90,000
up €90,000 (+112%), from €80,615 to €170,615
- Debts after one year -€42,562
down €42,562 (-26.1%), from €162,891 to €120,330
of which Financial debts: -€22,562
- Other debts -€12,491
down €12,491 (-79.3%), from €15,758 to €3,267
- Tax, wage and social debts +€9,694
up €9,694 (+75.4%), from €12,857 to €22,551
of which Remuneration and social security: +€5,214
- Gross operating margin +€15,756
up €15,756 (+9.5%), from €166,659 to €182,415
- Staff costs +€10,516
up €10,516 (+97.6%), from €10,773 to €21,289
- Financial charges +€1,851
up €1,851 (+59.6%), from €3,104 to €4,955
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 | €425,717 | €469,818 | +€44,101 | +10.4% |
| Fixed assets | 21/28 | €278,735 | €265,119 | -€13,617 | -4.9% |
| Tangible fixed assets | 22/27 | €278,685 | €265,069 | -€13,617 | -4.9% |
| Land and buildings | 22 | €246,922 | €237,547 | -€9,375 | -3.8% |
| Plant, machinery and equipment | 23 | €22,395 | €24,530 | +€2,135 | +9.5% |
| Furniture and vehicles | 24 | €9,369 | €2,992 | -€6,376 | -68.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €146,982 | €204,700 | +€57,718 | +39.3% |
| Amounts receivable within one year | 40/41 | €110,963 | €62,819 | -€48,143 | -43.4% |
| Trade receivables | 40 | €95,023 | €46,880 | -€48,143 | -50.7% |
| Other amounts receivable | 41 | €15,940 | €15,940 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,682 | €130,048 | +€108,366 | +500% |
| Deferred charges and accrued income | 490/1 | €14,337 | €11,832 | -€2,504 | -17.5% |
| Total equity and liabilities | 10/49 | €425,717 | €469,818 | +€44,101 | +10.4% |
| Equity | 10/15 | €199,796 | €290,015 | +€90,218 | +45.2% |
| Contributions | 10/11 | €16,040 | €16,040 | = | 0.0% |
| Reserves | 13 | €80,615 | €170,615 | +€90,000 | +112% |
| Distributable reserves | 133 | €80,615 | €170,615 | +€90,000 | +112% |
| Profit (loss) carried forward | 14 | €103,141 | €103,359 | +€218 | +0.2% |
| Amounts payable | 17/49 | €225,921 | €179,804 | -€46,117 | -20.4% |
| Amounts payable after more than one year | 17 | €162,891 | €120,330 | -€42,562 | -26.1% |
| Financial debts | 170/4 | €142,891 | €120,330 | -€22,562 | -15.8% |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €63,029 | €59,474 | -€3,555 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €26,345 | €22,562 | -€3,783 | -14.4% |
| Trade debts | 44 | €8,070 | €11,095 | +€3,025 | +37.5% |
| Suppliers | 440/4 | €8,070 | €11,095 | +€3,025 | +37.5% |
| Taxes, remuneration and social security | 45 | €12,857 | €22,551 | +€9,694 | +75.4% |
| Taxes | 450/3 | €12,484 | €16,965 | +€4,480 | +35.9% |
| Remuneration and social security | 454/9 | €373 | €5,586 | +€5,214 | +1,399% |
| Other amounts payable | 47/48 | €15,758 | €3,267 | -€12,491 | -79.3% |
| Remuneration, social security and pensions | 62 | €10,773 | €21,289 | +€10,516 | +97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,779 | €23,735 | -€1,044 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,150 | -€1,150 | |
| Other operating charges | 640/8 | €4,115 | €3,123 | -€991 | -24.1% |
| Gross operating margin | 9900 | €166,659 | €182,415 | +€15,756 | +9.5% |
| Operating profit (loss) | 9901 | €126,993 | €135,419 | +€8,425 | +6.6% |
| Financial income | 75/76B | €4 | €455 | +€450 | +10,074% |
| Recurring financial income | 75 | €4 | €455 | +€450 | +10,074% |
| Financial charges | 65/66B | €3,104 | €4,955 | +€1,851 | +59.6% |
| Recurring financial charges | 65 | €3,104 | €4,955 | +€1,851 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €123,893 | €130,919 | +€7,025 | +5.7% |
| Income taxes | 67/77 | €42,056 | €40,700 | -€1,356 | -3.2% |
| Profit (loss) for the period | 9904 | €81,837 | €90,218 | +€8,381 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,837 | €90,218 | +€8,381 | +10.2% |
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 21 October 2026 via checked.be.