BUILDING MANAGEMENT PROJECT: 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 MANAGEMENT PROJECT
Largest movements
- Receivables within one year +€80,353
up €80,353 (+40.2%), from €200,128 to €280,480
of which Other amounts receivable: +€49,672
- Cash -€46,422
down €46,422 (-78.5%), from €59,167 to €12,745
mainly Receivables within one year (-€80,353) and Investment in fixed assets (net) (-€28,324)
- Stocks and contracts +€20,827
up €20,827 (+21.4%), from €97,308 to €118,135
- Tangible fixed assets +€6,819
up €6,819 (+11.5%), from €59,150 to €65,970
of which Furniture and vehicles: +€18,916
- Deferred charges and accrued income -€6,693
down €6,693 (-14.6%), from €45,846 to €39,153
- Trade debts +€40,038
up €40,038 (+58.6%), from €68,376 to €108,414
- Short-term financial debts -€20,500
no longer reported in 2025 (was €20,500)
- Debts after one year +€18,998
new in 2025: €18,998
- Tax, wage and social debts +€9,096
up €9,096 (+3,128%), from €291 to €9,386
- Reserves +€7,500
up €7,500 (+8.3%), from €90,550 to €98,050
of which Distributable reserves: +€7,500
- Financial charges +€8,459
up €8,459 (+54.6%), from €15,486 to €23,945
of which Financial charges: +€8,548
- Depreciation -€1,671
down €1,671 (-7.2%), from €23,176 to €21,505
- Gross operating margin +€1,571
up €1,571 (+2.4%), from €64,409 to €65,980
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 | €494,370 | €549,254 | +€54,884 | +11.1% |
| Fixed assets | 21/28 | €91,920 | €98,740 | +€6,819 | +7.4% |
| Tangible fixed assets | 22/27 | €59,150 | €65,970 | +€6,819 | +11.5% |
| Plant, machinery and equipment | 23 | €29,362 | €17,265 | -€12,097 | -41.2% |
| Furniture and vehicles | 24 | €29,788 | €48,704 | +€18,916 | +63.5% |
| Financial fixed assets | 28 | €32,770 | €32,770 | = | 0.0% |
| Current assets | 29/58 | €402,449 | €450,514 | +€48,065 | +11.9% |
| Stocks and contracts in progress | 3 | €97,308 | €118,135 | +€20,827 | +21.4% |
| Stocks | 30/36 | €97,308 | €118,135 | +€20,827 | +21.4% |
| Amounts receivable within one year | 40/41 | €200,128 | €280,480 | +€80,353 | +40.2% |
| Trade receivables | 40 | €139,767 | €170,448 | +€30,681 | +22.0% |
| Other amounts receivable | 41 | €60,361 | €110,032 | +€49,672 | +82.3% |
| Cash at bank and in hand | 54/58 | €59,167 | €12,745 | -€46,422 | -78.5% |
| Deferred charges and accrued income | 490/1 | €45,846 | €39,153 | -€6,693 | -14.6% |
| Total equity and liabilities | 10/49 | €494,370 | €549,254 | +€54,884 | +11.1% |
| Equity | 10/15 | €296,795 | €304,454 | +€7,659 | +2.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €90,550 | €98,050 | +€7,500 | +8.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €88,050 | €95,550 | +€7,500 | +8.5% |
| Profit (loss) carried forward | 14 | €181,245 | €181,404 | +€159 | +0.1% |
| Amounts payable | 17/49 | €197,574 | €244,800 | +€47,226 | +23.9% |
| Amounts payable after more than one year | 17 | - | €18,998 | +€18,998 | |
| Financial debts | 170/4 | - | €18,998 | +€18,998 | |
| Amounts payable within one year | 42/48 | €197,574 | €225,802 | +€28,228 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €9,408 | €9,002 | -€406 | -4.3% |
| Financial debts | 43 | €20,500 | - | -€20,500 | |
| Credit institutions | 430/8 | €20,500 | - | -€20,500 | |
| Trade debts | 44 | €68,376 | €108,414 | +€40,038 | +58.6% |
| Suppliers | 440/4 | €68,376 | €108,414 | +€40,038 | +58.6% |
| Taxes, remuneration and social security | 45 | €291 | €9,386 | +€9,096 | +3,128% |
| Taxes | 450/3 | €291 | €9,386 | +€9,096 | +3,128% |
| Other amounts payable | 47/48 | €99,000 | €99,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,176 | €21,505 | -€1,671 | -7.2% |
| Other operating charges | 640/8 | €3,873 | €3,775 | -€98 | -2.5% |
| Gross operating margin | 9900 | €64,409 | €65,980 | +€1,571 | +2.4% |
| Operating profit (loss) | 9901 | €37,360 | €40,700 | +€3,340 | +8.9% |
| Financial charges | 65/66B | €15,486 | €23,945 | +€8,459 | +54.6% |
| Recurring financial charges | 65 | €7,379 | €15,927 | +€8,548 | +116% |
| Non-recurring financial charges | 66B | €8,107 | €8,018 | -€89 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €21,873 | €16,754 | -€5,119 | -23.4% |
| Income taxes | 67/77 | €9,488 | €9,096 | -€393 | -4.1% |
| Profit (loss) for the period | 9904 | €12,385 | €7,659 | -€4,726 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,385 | €7,659 | -€4,726 | -38.2% |
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.