building &refurbishing: 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 &refurbishing
Largest movements
- Receivables within one year +€809,406
up €809,406 (+189%), from €428,953 to €1.2m
of which Trade receivables: +€776,484
- Tangible fixed assets +€136,445
up €136,445 (+200%), from €68,377 to €204,822
of which Furniture and vehicles: +€140,950
- Deferred charges and accrued income -€101,170
down €101,170 (-95.7%), from €105,739 to €4,569
- Other debts +€546,680
up €546,680 (+434%), from €126,000 to €672,680
- Trade debts +€183,234
up €183,234 (+118%), from €155,819 to €339,053
- Accrued charges and deferred income +€60,332
up €60,332 (+47.6%), from €126,705 to €187,037
- Tax, wage and social debts +€53,869
up €53,869 (+1,075%), from €5,010 to €58,879
- Purchases and services -€339,533
down €339,533 (-14.9%), from €2.3m to €1.9m
- Turnover -€252,052
down €252,052 (-10.9%), from €2.3m to €2.1m
- Gross operating margin +€87,103
up €87,103 (+155%), from €56,040 to €143,143
- Other operating charges +€43,747
up €43,747 (+510%), from €8,586 to €52,333
- Depreciation +€39,805
up €39,805 (+175%), from €22,773 to €62,578
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 | €607,064 | €1,450,178 | +€843,114 | +139% |
| Fixed assets | 21/28 | €68,377 | €204,822 | +€136,445 | +200% |
| Tangible fixed assets | 22/27 | €68,377 | €204,822 | +€136,445 | +200% |
| Furniture and vehicles | 24 | €50,360 | €191,310 | +€140,950 | +280% |
| Leasing and similar rights | 25 | €18,017 | €13,512 | -€4,505 | -25.0% |
| Current assets | 29/58 | €538,687 | €1,245,356 | +€706,669 | +131% |
| Amounts receivable within one year | 40/41 | €428,953 | €1,238,359 | +€809,406 | +189% |
| Trade receivables | 40 | €278,241 | €1,054,725 | +€776,484 | +279% |
| Other amounts receivable | 41 | €150,712 | €183,634 | +€32,922 | +21.8% |
| Cash at bank and in hand | 54/58 | €3,995 | €2,428 | -€1,567 | -39.2% |
| Deferred charges and accrued income | 490/1 | €105,739 | €4,569 | -€101,170 | -95.7% |
| Total equity and liabilities | 10/49 | €607,064 | €1,450,178 | +€843,114 | +139% |
| Equity | 10/15 | €169,457 | €174,262 | +€4,805 | +2.8% |
| Contributions | 10/11 | €70,080 | €70,080 | = | 0.0% |
| Capital | 10 | €70,080 | €70,080 | = | 0.0% |
| Issued capital | 100 | €70,080 | €70,080 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Legal reserve | 130 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,527 | €102,332 | +€4,805 | +4.9% |
| Amounts payable | 17/49 | €437,607 | €1,275,916 | +€838,309 | +192% |
| Amounts payable after more than one year | 17 | €18,266 | €12,137 | -€6,129 | -33.6% |
| Financial debts | 170/4 | €18,266 | €12,137 | -€6,129 | -33.6% |
| Amounts payable within one year | 42/48 | €292,636 | €1,076,742 | +€784,106 | +268% |
| Current portion of amounts payable after more than one year | 42 | €5,807 | €6,130 | +€323 | +5.6% |
| Trade debts | 44 | €155,819 | €339,053 | +€183,234 | +118% |
| Suppliers | 440/4 | €155,819 | €339,053 | +€183,234 | +118% |
| Taxes, remuneration and social security | 45 | €5,010 | €58,879 | +€53,869 | +1,075% |
| Remuneration and social security | 454/9 | €5,010 | €58,879 | +€53,869 | +1,075% |
| Other amounts payable | 47/48 | €126,000 | €672,680 | +€546,680 | +434% |
| Accrued charges and deferred income | 492/3 | €126,705 | €187,037 | +€60,332 | +47.6% |
| Turnover | 70 | €2,319,830 | €2,067,778 | -€252,052 | -10.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,278,394 | €1,938,861 | -€339,533 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,773 | €62,578 | +€39,805 | +175% |
| Other operating charges | 640/8 | €8,586 | €52,333 | +€43,747 | +510% |
| Gross operating margin | 9900 | €56,040 | €143,143 | +€87,103 | +155% |
| Operating profit (loss) | 9901 | €24,681 | €28,232 | +€3,551 | +14.4% |
| Financial income | 75/76B | €1,071 | - | -€1,071 | |
| Recurring financial income | 75 | €1,071 | - | -€1,071 | |
| Financial charges | 65/66B | €3,739 | €3,737 | -€2 | -0.1% |
| Recurring financial charges | 65 | €3,739 | €3,737 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €22,013 | €24,495 | +€2,482 | +11.3% |
| Income taxes | 67/77 | - | €19,690 | +€19,690 | |
| Profit (loss) for the period | 9904 | €22,013 | €4,805 | -€17,208 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,013 | €4,805 | -€17,208 | -78.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.