BUILDING 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 PROJECT
Largest movements
- Financial fixed assets -€170,872
down €170,872 (-81.8%), from €208,897 to €38,025
- Reserves -€169,541
down €169,541 (-23.3%), from €727,768 to €558,226
of which Distributable reserves: -€169,541
- Other operating charges -€2,667
down €2,667 (-45.3%), from €5,892 to €3,225
- Gross operating margin +€985
up €985 (+4.5%), from €21,890 to €22,876
- Financial charges +€629
up €629 (+93.3%), from €674 to €1,304
of which Non-recurring financial charges: +€701
- Financial income -€415
down €415 (-100%), from €415 to €0
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 | €932,062 | €759,658 | -€172,404 | -18.5% |
| Fixed assets | 21/28 | €208,897 | €38,025 | -€170,872 | -81.8% |
| Financial fixed assets | 28 | €208,897 | €38,025 | -€170,872 | -81.8% |
| Current assets | 29/58 | €723,165 | €721,633 | -€1,532 | -0.2% |
| Stocks and contracts in progress | 3 | €655,914 | €655,914 | = | 0.0% |
| Stocks | 30/36 | €78,083 | €78,083 | = | 0.0% |
| Contracts in progress | 37 | €577,831 | €577,831 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,382 | €19,149 | -€1,233 | -6.0% |
| Trade receivables | 40 | €20,349 | €19,149 | -€1,200 | -5.9% |
| Other amounts receivable | 41 | €33 | €0 | -€33 | -100% |
| Cash at bank and in hand | 54/58 | €45,957 | €45,640 | -€317 | -0.7% |
| Deferred charges and accrued income | 490/1 | €911 | €930 | +€18 | +2.0% |
| Total equity and liabilities | 10/49 | €932,062 | €759,658 | -€172,404 | -18.5% |
| Equity | 10/15 | €927,768 | €758,226 | -€169,541 | -18.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Uncalled capital | 101 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €727,768 | €558,226 | -€169,541 | -23.3% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €667,768 | €498,226 | -€169,541 | -25.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,294 | €1,432 | -€2,862 | -66.7% |
| Amounts payable within one year | 42/48 | €4,222 | €1,432 | -€2,791 | -66.1% |
| Trade debts | 44 | - | €1,372 | +€1,372 | |
| Suppliers | 440/4 | - | €1,372 | +€1,372 | |
| Taxes, remuneration and social security | 45 | €256 | €0 | -€256 | -100% |
| Taxes | 450/3 | €256 | €0 | -€256 | -100% |
| Other amounts payable | 47/48 | €3,967 | €60 | -€3,907 | -98.5% |
| Accrued charges and deferred income | 492/3 | €71 | €0 | -€71 | -100% |
| Other operating charges | 640/8 | €5,892 | €3,225 | -€2,667 | -45.3% |
| Non-recurring operating charges | 66A | - | €37,888 | +€37,888 | |
| Gross operating margin | 9900 | €21,890 | €22,876 | +€985 | +4.5% |
| Operating profit (loss) | 9901 | €15,999 | -€18,238 | -€34,236 | |
| Financial income | 75/76B | €415 | €0 | -€415 | -100% |
| Recurring financial income | 75 | €415 | €0 | -€415 | -100% |
| Financial charges | 65/66B | €674 | €1,304 | +€629 | +93.3% |
| Recurring financial charges | 65 | €674 | €603 | -€72 | -10.6% |
| Non-recurring financial charges | 66B | - | €701 | +€701 | |
| Profit (loss) for the period before taxes | 9903 | €15,739 | -€19,541 | -€35,280 | |
| Profit (loss) for the period | 9904 | €15,739 | -€19,541 | -€35,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,739 | -€19,541 | -€35,280 |
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 16 October 2026 via checked.be.