BUILDING DEVELOPMENT AND MANAGEMENT: 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.
What changed
BUILDING DEVELOPMENT AND MANAGEMENT
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€104,819
2024 · €97,717+€7,102
Equity
€2.2m
2024 · €2.1m+€104,819
Cash
€258,664
2024 · €284,532-€25,868
Balance sheet total
€3.2m
2024 · €3.3m-€162,311
Largest movements
Assets
- Tangible fixed assets -€70,274
down €70,274 (-4.6%), from €1.5m to €1.5m
of which Land and buildings: -€69,914
- Financial fixed assets -€50,000
down €50,000 (-6.7%), from €740,921 to €690,921
Equity and liabilities
- Other debts -€260,000
down €260,000 (-23.6%), from €1.1m to €841,000
- Reserves +€104,818
up €104,818 (+7.0%), from €1.5m to €1.6m
of which Non-distributable reserves: +€108,590
Income statement
- Gross operating margin +€10,993
up €10,993 (+4.1%), from €265,453 to €276,446
- Taxes +€2,978
up €2,978 (+5.6%), from €52,841 to €55,819
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.
Result 2024
€97,717
Gross operating margin
+€10,993
Depreciation
+€84
Other operating charges
-€510
Financial income
-€418
Financial charges
-€68
Taxes
-€2,978
Result 2025
€104,819
raises the resultlowers the result
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.
From operations
-€75,868
Investment
+€50,000
Financing
€0
Cash 2024
€284,532
From operations (derived)
-€75,868
Net result for the year
+€104,819
Depreciation
+€70,274
Receivables within one year
+€16,265
Deferred charges and accrued income
-€96
Provisions
-€1,942
Trade debts
-€8,166
Tax, wage and social debts
+€2,978
Other debts
-€260,000
Investment (derived)
+€50,000
Investment in fixed assets (net)
+€50,000
Cash 2025
€258,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,321,288 | €3,158,977 | -€162,311 | -4.9% |
| Fixed assets | 21/28 | €2,265,217 | €2,144,943 | -€120,274 | -5.3% |
| Tangible fixed assets | 22/27 | €1,524,297 | €1,454,023 | -€70,274 | -4.6% |
| Land and buildings | 22 | €1,523,936 | €1,454,023 | -€69,914 | -4.6% |
| Furniture and vehicles | 24 | €361 | - | -€361 | |
| Financial fixed assets | 28 | €740,921 | €690,921 | -€50,000 | -6.7% |
| Current assets | 29/58 | €1,056,071 | €1,014,034 | -€42,037 | -4.0% |
| Stocks and contracts in progress | 3 | €748,700 | €748,700 | = | 0.0% |
| Stocks | 30/36 | €748,700 | €748,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,633 | €3,368 | -€16,265 | -82.8% |
| Trade receivables | 40 | €3,368 | €3,368 | = | 0.0% |
| Other amounts receivable | 41 | €16,265 | - | -€16,265 | |
| Cash at bank and in hand | 54/58 | €284,532 | €258,664 | -€25,868 | -9.1% |
| Deferred charges and accrued income | 490/1 | €3,206 | €3,302 | +€96 | +3.0% |
| Total equity and liabilities | 10/49 | €3,321,288 | €3,158,977 | -€162,311 | -4.9% |
| Equity | 10/15 | €2,062,093 | €2,166,912 | +€104,819 | +5.1% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €1,501,614 | €1,606,432 | +€104,818 | +7.0% |
| Non-distributable reserves | 130/1 | €1,394,917 | €1,503,507 | +€108,590 | +7.8% |
| Legal reserve | 130 | €29,747 | €29,747 | = | 0.0% |
| Other | 1319 | €1,365,170 | €1,473,760 | +€108,590 | +8.0% |
| Tax-exempt reserves | 132 | €76,697 | €72,925 | -€3,772 | -4.9% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,007 | €263,008 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €39,493 | €37,551 | -€1,942 | -4.9% |
| Deferred taxes | 168 | €39,493 | €37,551 | -€1,942 | -4.9% |
| Amounts payable | 17/49 | €1,219,702 | €954,514 | -€265,188 | -21.7% |
| Amounts payable within one year | 42/48 | €1,219,702 | €954,514 | -€265,188 | -21.7% |
| Trade debts | 44 | €65,861 | €57,695 | -€8,166 | -12.4% |
| Suppliers | 440/4 | €65,861 | €57,695 | -€8,166 | -12.4% |
| Taxes, remuneration and social security | 45 | €52,841 | €55,819 | +€2,978 | +5.6% |
| Taxes | 450/3 | €52,841 | €55,819 | +€2,978 | +5.6% |
| Other amounts payable | 47/48 | €1,101,000 | €841,000 | -€260,000 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,359 | €70,274 | -€84 | -0.1% |
| Other operating charges | 640/8 | €47,285 | €47,796 | +€510 | +1.1% |
| Gross operating margin | 9900 | €265,453 | €276,446 | +€10,993 | +4.1% |
| Operating profit (loss) | 9901 | €147,809 | €158,376 | +€10,567 | +7.1% |
| Financial income | 75/76B | €971 | €552 | -€418 | -43.1% |
| Recurring financial income | 75 | €971 | €552 | -€418 | -43.1% |
| Financial charges | 65/66B | €164 | €232 | +€68 | +41.3% |
| Recurring financial charges | 65 | €164 | €232 | +€68 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €148,615 | €158,696 | +€10,081 | +6.8% |
| Transfer from deferred taxes | 780 | €1,942 | €1,942 | = | 0.0% |
| Income taxes | 67/77 | €52,841 | €55,819 | +€2,978 | +5.6% |
| Profit (loss) for the period | 9904 | €97,717 | €104,819 | +€7,102 | +7.3% |
| Transfer from tax-exempt reserves | 789 | €3,772 | €3,772 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,489 | €108,591 | +€7,102 | +7.0% |
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 17 October 2026 via checked.be.