BUILDING BLOX: 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.
BUILDING BLOX
Largest movements
- Tangible fixed assets +€262,710
up €262,710 (+68.2%), from €385,329 to €648,038
of which Land and buildings: +€262,367
- Cash -€87,891
down €87,891 (-50.8%), from €173,158 to €85,267
mainly Investment in fixed assets (net) (-€295,664) and Tax, wage and social debts (-€15,215)
- Debts after one year +€120,500
up €120,500 (+128.3%), from €93,938 to €214,438
- Contributions +€44,209
up €44,209 (+548.5%), from €8,060 to €52,269
- Profit (loss) carried forward -€44,209
down €44,209 (-100.0%), from €44,209 to €0
- Reserves +€43,907
up €43,907 (+8.8%), from €497,325 to €541,233
- Current portion of long-term debt +€17,488
up €17,488 (+49.7%), from €35,157 to €52,645
- Gross operating margin -€28,803
down €28,803 (-22.5%), from €128,196 to €99,392
- Taxes -€9,706
down €9,706 (-35.4%), from €27,417 to €17,712
- Depreciation +€9,012
up €9,012 (+37.6%), from €23,942 to €32,954
- Financial charges +€3,583
up €3,583 (+64.9%), from €5,524 to €9,107
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 | €704,760 | €879,992 | +€175,232 | +24.9% |
| Fixed assets | 21/28 | €385,329 | €648,038 | +€262,710 | +68.2% |
| Tangible fixed assets | 22/27 | €385,329 | €648,038 | +€262,710 | +68.2% |
| Land and buildings | 22 | €337,858 | €600,225 | +€262,367 | +77.7% |
| Plant, machinery and equipment | 23 | €4,064 | €2,892 | -€1,172 | -28.8% |
| Furniture and vehicles | 24 | €43,407 | €44,922 | +€1,515 | +3.5% |
| Current assets | 29/58 | €319,431 | €231,954 | -€87,478 | -27.4% |
| Amounts receivable within one year | 40/41 | €144,955 | €144,085 | -€869 | -0.6% |
| Trade receivables | 40 | €45,979 | €22,051 | -€23,927 | -52.0% |
| Other amounts receivable | 41 | €98,976 | €122,034 | +€23,058 | +23.3% |
| Cash at bank and in hand | 54/58 | €173,158 | €85,267 | -€87,891 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,318 | €2,601 | +€1,283 | +97.3% |
| Total equity and liabilities | 10/49 | €704,760 | €879,992 | +€175,232 | +24.9% |
| Equity | 10/15 | €549,595 | €593,502 | +€43,907 | +8.0% |
| Contributions | 10/11 | €8,060 | €52,269 | +€44,209 | +548.5% |
| Reserves | 13 | €497,325 | €541,233 | +€43,907 | +8.8% |
| Distributable reserves | 133 | €497,325 | €541,233 | +€43,907 | +8.8% |
| Profit (loss) carried forward | 14 | €44,209 | €0 | -€44,209 | -100.0% |
| Amounts payable | 17/49 | €155,166 | €286,490 | +€131,325 | +84.6% |
| Amounts payable after more than one year | 17 | €93,938 | €214,438 | +€120,500 | +128.3% |
| Financial debts | 170/4 | €93,938 | €214,438 | +€120,500 | +128.3% |
| Amounts payable within one year | 42/48 | €61,228 | €72,052 | +€10,825 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €35,157 | €52,645 | +€17,488 | +49.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,396 | €9,947 | +€8,551 | +612.6% |
| Suppliers | 440/4 | €1,396 | €9,947 | +€8,551 | +612.6% |
| Taxes, remuneration and social security | 45 | €24,674 | €9,459 | -€15,215 | -61.7% |
| Taxes | 450/3 | €21,374 | €9,459 | -€11,915 | -55.7% |
| Remuneration and social security | 454/9 | €3,300 | €0 | -€3,300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,942 | €32,954 | +€9,012 | +37.6% |
| Other operating charges | 640/8 | €2,197 | €2,432 | +€235 | +10.7% |
| Gross operating margin | 9900 | €128,196 | €99,392 | -€28,803 | -22.5% |
| Operating profit (loss) | 9901 | €102,057 | €64,006 | -€38,051 | -37.3% |
| Financial income | 75/76B | €5,881 | €6,721 | +€839 | +14.3% |
| Recurring financial income | 75 | €5,881 | €6,721 | +€839 | +14.3% |
| Financial charges | 65/66B | €5,524 | €9,107 | +€3,583 | +64.9% |
| Recurring financial charges | 65 | €5,524 | €9,107 | +€3,583 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €102,414 | €61,619 | -€40,795 | -39.8% |
| Income taxes | 67/77 | €27,417 | €17,712 | -€9,706 | -35.4% |
| Profit (loss) for the period | 9904 | €74,997 | €43,907 | -€31,089 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,997 | €43,907 | -€31,089 | -41.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.