Building Associates: 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 Associates
Largest movements
- Tangible fixed assets -€35,320
down €35,320 (-4.5%), from €783,815 to €748,495
of which Land and buildings: -€23,766
- Cash -€29,308
down €29,308 (-18.5%), from €158,045 to €128,737
mainly Debts after one year (-€79,650) and Net result for the year (-€43,510)
- Debts after one year -€79,650
down €79,650 (-8.5%), from €941,891 to €862,242
- Current portion of long-term debt +€61,620
up €61,620 (+328.6%), from €18,750 to €80,370
- Profit (loss) carried forward -€43,510
down €43,510 (-110.1%), from -€39,525 to -€83,035
- Other operating charges +€3,056
up €3,056 (+98.3%), from €3,109 to €6,165
- Gross operating margin -€1,245
down €1,245 (-32.5%), from €3,836 to €2,591
- Financial charges -€328
down €328 (-6.7%), from €4,933 to €4,605
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 | €1,076,667 | €1,016,539 | -€60,128 | -5.6% |
| Fixed assets | 21/28 | €911,622 | €876,302 | -€35,320 | -3.9% |
| Tangible fixed assets | 22/27 | €783,815 | €748,495 | -€35,320 | -4.5% |
| Land and buildings | 22 | €743,703 | €719,936 | -€23,766 | -3.2% |
| Plant, machinery and equipment | 23 | €26,715 | €19,627 | -€7,088 | -26.5% |
| Furniture and vehicles | 24 | €13,398 | €8,932 | -€4,466 | -33.3% |
| Financial fixed assets | 28 | €127,807 | €127,807 | = | 0.0% |
| Current assets | 29/58 | €165,045 | €140,237 | -€24,808 | -15.0% |
| Amounts receivable within one year | 40/41 | €7,000 | €11,500 | +€4,500 | +64.3% |
| Other amounts receivable | 41 | €7,000 | €11,500 | +€4,500 | +64.3% |
| Cash at bank and in hand | 54/58 | €158,045 | €128,737 | -€29,308 | -18.5% |
| Total equity and liabilities | 10/49 | €1,076,667 | €1,016,539 | -€60,128 | -5.6% |
| Equity | 10/15 | €82,260 | €38,750 | -€43,510 | -52.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €59,786 | €59,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €53,586 | €53,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,525 | -€83,035 | -€43,510 | -110.1% |
| Amounts payable | 17/49 | €994,406 | €977,789 | -€16,618 | -1.7% |
| Amounts payable after more than one year | 17 | €941,891 | €862,242 | -€79,650 | -8.5% |
| Financial debts | 170/4 | €941,891 | €862,242 | -€79,650 | -8.5% |
| Amounts payable within one year | 42/48 | €51,365 | €114,397 | +€63,032 | +122.7% |
| Current portion of amounts payable after more than one year | 42 | €18,750 | €80,370 | +€61,620 | +328.6% |
| Trade debts | 44 | €1,021 | €1,075 | +€54 | +5.3% |
| Suppliers | 440/4 | €1,021 | €1,075 | +€54 | +5.3% |
| Taxes, remuneration and social security | 45 | €3,442 | €0 | -€3,442 | -100.0% |
| Taxes | 450/3 | €3,442 | €0 | -€3,442 | -100.0% |
| Other amounts payable | 47/48 | €28,153 | €32,953 | +€4,800 | +17.0% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,150 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,320 | €35,320 | = | 0.0% |
| Other operating charges | 640/8 | €3,109 | €6,165 | +€3,056 | +98.3% |
| Gross operating margin | 9900 | €3,836 | €2,591 | -€1,245 | -32.5% |
| Operating profit (loss) | 9901 | -€34,592 | -€38,894 | -€4,301 | -12.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,933 | €4,605 | -€328 | -6.7% |
| Recurring financial charges | 65 | €4,933 | €4,605 | -€328 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,525 | -€43,499 | -€3,973 | -10.1% |
| Income taxes | 67/77 | €0 | €11 | +€11 | |
| Profit (loss) for the period | 9904 | -€39,525 | -€43,510 | -€3,985 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,525 | -€43,510 | -€3,985 | -10.1% |
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 12 October 2026 via checked.be.