BUILDING FACADE: 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 FACADE
Largest movements
- Receivables within one year +€144,364
up €144,364 (+33.4%), from €432,028 to €576,392
of which Trade receivables: +€163,003
- Cash -€33,194
down €33,194 (-35.7%), from €93,076 to €59,881
mainly Receivables within one year (-€144,364) and Trade debts (-€71,053)
- Tangible fixed assets -€17,375
down €17,375 (-4.6%), from €374,491 to €357,116
of which Furniture and vehicles: -€43,792
- Debts after one year +€108,206
up €108,206 (+65.8%), from €164,383 to €272,590
- Profit (loss) carried forward +€74,740
up €74,740 (+44.1%), from €169,356 to €244,096
- Trade debts -€71,053
down €71,053 (-19.3%), from €368,018 to €296,964
- Tax, wage and social debts -€33,732
down €33,732 (-77.4%), from €43,580 to €9,848
of which Taxes: -€25,836
- Current portion of long-term debt +€25,314
up €25,314 (+42.0%), from €60,235 to €85,549
- Gross operating margin +€38,619
up €38,619 (+11.7%), from €331,073 to €369,692
- Depreciation +€22,354
up €22,354 (+54.1%), from €41,349 to €63,703
- Other operating charges -€20,331
down €20,331 (-57.9%), from €35,117 to €14,786
- Taxes +€8,879
up €8,879 (+43.1%), from €20,593 to €29,472
- Staff costs -€7,507
down €7,507 (-4.3%), from €173,343 to €165,836
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 | €920,608 | €1,011,449 | +€90,840 | +9.9% |
| Fixed assets | 21/28 | €375,151 | €357,776 | -€17,375 | -4.6% |
| Tangible fixed assets | 22/27 | €374,491 | €357,116 | -€17,375 | -4.6% |
| Land and buildings | 22 | €246,725 | €240,271 | -€6,455 | -2.6% |
| Plant, machinery and equipment | 23 | €23,672 | €17,235 | -€6,437 | -27.2% |
| Furniture and vehicles | 24 | €77,698 | €33,905 | -€43,792 | -56.4% |
| Leasing and similar rights | 25 | - | €42,108 | +€42,108 | |
| Other tangible fixed assets | 26 | €26,397 | €23,597 | -€2,800 | -10.6% |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €545,457 | €653,673 | +€108,216 | +19.8% |
| Stocks and contracts in progress | 3 | €11,755 | €15,253 | +€3,498 | +29.8% |
| Stocks | 30/36 | €11,755 | €15,253 | +€3,498 | +29.8% |
| Amounts receivable within one year | 40/41 | €432,028 | €576,392 | +€144,364 | +33.4% |
| Trade receivables | 40 | €389,060 | €552,063 | +€163,003 | +41.9% |
| Other amounts receivable | 41 | €42,968 | €24,329 | -€18,639 | -43.4% |
| Cash at bank and in hand | 54/58 | €93,076 | €59,881 | -€33,194 | -35.7% |
| Deferred charges and accrued income | 490/1 | €8,598 | €2,146 | -€6,452 | -75.0% |
| Total equity and liabilities | 10/49 | €920,608 | €1,011,449 | +€90,840 | +9.9% |
| Equity | 10/15 | €195,816 | €270,556 | +€74,740 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,356 | €244,096 | +€74,740 | +44.1% |
| Amounts payable | 17/49 | €724,793 | €740,893 | +€16,100 | +2.2% |
| Amounts payable after more than one year | 17 | €164,383 | €272,590 | +€108,206 | +65.8% |
| Financial debts | 170/4 | €164,383 | €272,590 | +€108,206 | +65.8% |
| Amounts payable within one year | 42/48 | €557,515 | €468,303 | -€89,211 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €60,235 | €85,549 | +€25,314 | +42.0% |
| Financial debts | 43 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Credit institutions | 430/8 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Trade debts | 44 | €368,018 | €296,964 | -€71,053 | -19.3% |
| Suppliers | 440/4 | €368,018 | €296,964 | -€71,053 | -19.3% |
| Taxes, remuneration and social security | 45 | €43,580 | €9,848 | -€33,732 | -77.4% |
| Taxes | 450/3 | €28,466 | €2,629 | -€25,836 | -90.8% |
| Remuneration and social security | 454/9 | €15,114 | €7,219 | -€7,895 | -52.2% |
| Other amounts payable | 47/48 | €10,682 | €25,941 | +€15,259 | +143% |
| Accrued charges and deferred income | 492/3 | €2,895 | €0 | -€2,895 | -100% |
| Remuneration, social security and pensions | 62 | €173,343 | €165,836 | -€7,507 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,349 | €63,703 | +€22,354 | +54.1% |
| Other operating charges | 640/8 | €35,117 | €14,786 | -€20,331 | -57.9% |
| Non-recurring operating charges | 66A | €105 | €0 | -€105 | -100% |
| Gross operating margin | 9900 | €331,073 | €369,692 | +€38,619 | +11.7% |
| Operating profit (loss) | 9901 | €81,159 | €125,367 | +€44,208 | +54.5% |
| Financial income | 75/76B | €6,550 | €3 | -€6,547 | -100.0% |
| Recurring financial income | 75 | €303 | €3 | -€300 | -99.0% |
| Non-recurring financial income | 76B | €6,247 | €0 | -€6,247 | -100% |
| Financial charges | 65/66B | €14,869 | €21,158 | +€6,288 | +42.3% |
| Recurring financial charges | 65 | €13,869 | €21,158 | +€7,288 | +52.6% |
| Non-recurring financial charges | 66B | €1,000 | €0 | -€1,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €72,840 | €104,212 | +€31,372 | +43.1% |
| Income taxes | 67/77 | €20,593 | €29,472 | +€8,879 | +43.1% |
| Profit (loss) for the period | 9904 | €52,247 | €74,740 | +€22,493 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,247 | €74,740 | +€22,493 | +43.1% |
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 24 October 2026 via checked.be.