BUILDING & MANAGEMENT: 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 & MANAGEMENT
Largest movements
- Cash -€54,555
down €54,555 (-46.7%), from €116,847 to €62,293
mainly Net result for the year (-€48,525) and Other debts (-€32,056)
- Receivables within one year -€25,308
down €25,308 (-72.7%), from €34,820 to €9,512
of which Trade receivables: -€14,520
- Tangible fixed assets -€5,925
down €5,925 (-34.1%), from €17,396 to €11,471
- Profit (loss) carried forward -€48,525
down €48,525 (-197.2%), from -€24,613 to -€73,138
- Other debts -€32,056
down €32,056 (-78.0%), from €41,076 to €9,020
- Current portion of long-term debt -€3,170
no longer reported in 2025 (was €3,170)
- Gross operating margin -€26,643
down €26,643 (-212.6%), from -€12,534 to -€39,177
- Depreciation -€2,704
down €2,704 (-31.3%), from €8,629 to €5,925
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 | €221,163 | €135,706 | -€85,458 | -38.6% |
| Fixed assets | 21/28 | €17,396 | €11,471 | -€5,925 | -34.1% |
| Tangible fixed assets | 22/27 | €17,396 | €11,471 | -€5,925 | -34.1% |
| Land and buildings | 22 | €11,279 | €9,412 | -€1,867 | -16.6% |
| Plant, machinery and equipment | 23 | €1,753 | €1,110 | -€643 | -36.7% |
| Furniture and vehicles | 24 | €2,075 | €950 | -€1,125 | -54.2% |
| Leasing and similar rights | 25 | €2,289 | - | -€2,289 | |
| Current assets | 29/58 | €203,767 | €124,234 | -€79,533 | -39.0% |
| Amounts receivable within one year | 40/41 | €34,820 | €9,512 | -€25,308 | -72.7% |
| Trade receivables | 40 | €14,520 | - | -€14,520 | |
| Other amounts receivable | 41 | €20,300 | €9,512 | -€10,788 | -53.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,847 | €62,293 | -€54,555 | -46.7% |
| Deferred charges and accrued income | 490/1 | €2,099 | €2,430 | +€331 | +15.7% |
| Total equity and liabilities | 10/49 | €221,163 | €135,706 | -€85,458 | -38.6% |
| Equity | 10/15 | €172,398 | €123,873 | -€48,525 | -28.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €184,611 | €184,611 | = | 0.0% |
| Distributable reserves | 133 | €184,611 | €184,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,613 | -€73,138 | -€48,525 | -197.2% |
| Amounts payable | 17/49 | €48,765 | €11,832 | -€36,933 | -75.7% |
| Amounts payable within one year | 42/48 | €48,765 | €11,832 | -€36,933 | -75.7% |
| Current portion of amounts payable after more than one year | 42 | €3,170 | - | -€3,170 | |
| Trade debts | 44 | €2,474 | €2,812 | +€337 | +13.6% |
| Suppliers | 440/4 | €2,474 | €2,812 | +€337 | +13.6% |
| Taxes, remuneration and social security | 45 | €2,044 | - | -€2,044 | |
| Taxes | 450/3 | €2,044 | - | -€2,044 | |
| Other amounts payable | 47/48 | €41,076 | €9,020 | -€32,056 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,629 | €5,925 | -€2,704 | -31.3% |
| Other operating charges | 640/8 | €2,469 | €2,526 | +€57 | +2.3% |
| Gross operating margin | 9900 | -€12,534 | -€39,177 | -€26,643 | -212.6% |
| Operating profit (loss) | 9901 | -€23,632 | -€47,628 | -€23,996 | -101.5% |
| Financial charges | 65/66B | €139 | €42 | -€97 | -69.8% |
| Recurring financial charges | 65 | €139 | €42 | -€97 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,771 | -€47,670 | -€23,899 | -100.5% |
| Income taxes | 67/77 | €842 | €855 | +€13 | +1.5% |
| Profit (loss) for the period | 9904 | -€24,613 | -€48,525 | -€23,912 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,613 | -€48,525 | -€23,912 | -97.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.