BUILDING SUPPORT: 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.
What changed
BUILDING SUPPORT
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€324,799
2024 · €61,768+€263,031
Equity
€5.1m
2024 · €4.8m+€324,799
Cash
€567,706
2024 · €337,505+€230,201
Balance sheet total
€6.9m
2024 · €6.7m+€229,407
Largest movements
Assets
- Cash +€230,201
up €230,201 (+68.2%), from €337,505 to €567,706
mainly Net result for the year (+€324,799) and Debts after one year (+€252,382)
- Stocks and contracts +€124,784
up €124,784 (+34.0%), from €367,343 to €492,127
- Tangible fixed assets -€77,769
down €77,769 (-2.5%), from €3.2m to €3.1m
of which Land and buildings: -€155,294
Equity and liabilities
- Other debts -€372,893
down €372,893 (-79.0%), from €471,848 to €98,955
- Reserves +€324,799
up €324,799 (+12.5%), from €2.6m to €2.9m
of which Distributable reserves: +€204,155
- Debts after one year +€252,382
up €252,382 (+21.6%), from €1.2m to €1.4m
of which Other amounts payable: +€278,153
Income statement
- Gross operating margin +€304,104
up €304,104 (+75.2%), from €404,496 to €708,600
- Financial charges -€60,934
down €60,934 (-42.3%), from €144,057 to €83,123
of which Non-recurring financial charges: -€49,920
- Taxes +€36,308
up €36,308 (+139.9%), from €25,957 to €62,265
- Depreciation +€25,023
up €25,023 (+26.8%), from €93,482 to €118,505
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.
Result 2024
€61,768
Gross operating margin
+€304,104
Staff costs
-€2,604
Depreciation
-€25,023
Write-downs
+€3,759
Other operating charges
-€4,120
Financial income
+€4,670
Financial charges
+€60,934
Taxes
-€36,308
Deferred taxes and other
-€42,382
Result 2025
€324,799
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.
From operations
+€18,295
Investment
-€40,735
Financing
+€252,641
Cash 2024
€337,505
From operations (derived)
+€18,295
Net result for the year
+€324,799
Depreciation
+€118,505
Receivables after one year
+€52,519
Stocks and contracts
-€124,784
Receivables within one year
-€2,670
Deferred charges and accrued income
-€2,041
Provisions
+€40,214
Trade debts
-€7,071
Tax, wage and social debts
-€2,223
Other debts
-€372,893
Accrued charges and deferred income
-€6,061
Investment (derived)
-€40,735
Investment in fixed assets (net)
-€40,735
Financing
+€252,641
Debts after one year
+€252,382
Current portion of long-term debt
+€259
Cash 2025
€567,706
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,719,866 | €6,949,272 | +€229,407 | +3.4% |
| Fixed assets | 21/28 | €5,056,172 | €4,978,403 | -€77,769 | -1.5% |
| Tangible fixed assets | 22/27 | €3,162,810 | €3,085,040 | -€77,769 | -2.5% |
| Land and buildings | 22 | €3,114,439 | €2,959,145 | -€155,294 | -5.0% |
| Furniture and vehicles | 24 | €12,977 | €0 | -€12,977 | -100.0% |
| Other tangible fixed assets | 26 | €35,394 | €125,895 | +€90,501 | +255.7% |
| Financial fixed assets | 28 | €1,893,363 | €1,893,363 | = | 0.0% |
| Current assets | 29/58 | €1,663,693 | €1,970,869 | +€307,176 | +18.5% |
| Amounts receivable after more than one year | 29 | €917,073 | €864,554 | -€52,519 | -5.7% |
| Other amounts receivable | 291 | €917,073 | €864,554 | -€52,519 | -5.7% |
| Stocks and contracts in progress | 3 | €367,343 | €492,127 | +€124,784 | +34.0% |
| Stocks | 30/36 | €367,343 | €492,127 | +€124,784 | +34.0% |
| Amounts receivable within one year | 40/41 | €12,037 | €14,706 | +€2,670 | +22.2% |
| Trade receivables | 40 | €12,037 | €6,206 | -€5,830 | -48.4% |
| Other amounts receivable | 41 | - | €8,500 | +€8,500 | |
| Cash at bank and in hand | 54/58 | €337,505 | €567,706 | +€230,201 | +68.2% |
| Deferred charges and accrued income | 490/1 | €29,736 | €31,777 | +€2,041 | +6.9% |
| Total equity and liabilities | 10/49 | €6,719,866 | €6,949,272 | +€229,407 | +3.4% |
| Equity | 10/15 | €4,823,655 | €5,148,454 | +€324,799 | +6.7% |
| Contributions | 10/11 | €2,150,000 | €2,150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €76,973 | €76,973 | = | 0.0% |
| Reserves | 13 | €2,596,682 | €2,921,481 | +€324,799 | +12.5% |
| Tax-exempt reserves | 132 | €145,733 | €266,377 | +€120,643 | +82.8% |
| Distributable reserves | 133 | €2,450,949 | €2,655,104 | +€204,155 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €42,328 | €82,542 | +€40,214 | +95.0% |
| Deferred taxes | 168 | €42,328 | €82,542 | +€40,214 | +95.0% |
| Amounts payable | 17/49 | €1,853,882 | €1,718,276 | -€135,606 | -7.3% |
| Amounts payable after more than one year | 17 | €1,168,472 | €1,420,854 | +€252,382 | +21.6% |
| Financial debts | 170/4 | €80,734 | €54,962 | -€25,772 | -31.9% |
| Other amounts payable | 178/9 | €1,087,738 | €1,365,892 | +€278,153 | +25.6% |
| Amounts payable within one year | 42/48 | €673,061 | €291,134 | -€381,927 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €25,513 | €25,772 | +€259 | +1.0% |
| Trade debts | 44 | €85,205 | €78,134 | -€7,071 | -8.3% |
| Suppliers | 440/4 | €85,205 | €78,134 | -€7,071 | -8.3% |
| Taxes, remuneration and social security | 45 | €90,495 | €88,273 | -€2,223 | -2.5% |
| Taxes | 450/3 | €72,538 | €69,532 | -€3,006 | -4.1% |
| Remuneration and social security | 454/9 | €17,957 | €18,741 | +€784 | +4.4% |
| Other amounts payable | 47/48 | €471,848 | €98,955 | -€372,893 | -79.0% |
| Accrued charges and deferred income | 492/3 | €12,349 | €6,288 | -€6,061 | -49.1% |
| Non-recurring operating income | 76A | €678 | €89 | -€588 | -86.8% |
| Remuneration, social security and pensions | 62 | €75,477 | €78,080 | +€2,604 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,482 | €118,505 | +€25,023 | +26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,730 | €44,971 | -€3,759 | -7.7% |
| Other operating charges | 640/8 | €7,751 | €11,870 | +€4,120 | +53.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €404,496 | €708,600 | +€304,104 | +75.2% |
| Operating profit (loss) | 9901 | €179,057 | €455,174 | +€276,117 | +154.2% |
| Financial income | 75/76B | €50,558 | €55,228 | +€4,670 | +9.2% |
| Recurring financial income | 75 | €50,558 | €55,228 | +€4,670 | +9.2% |
| Financial charges | 65/66B | €144,057 | €83,123 | -€60,934 | -42.3% |
| Recurring financial charges | 65 | €94,137 | €83,123 | -€11,014 | -11.7% |
| Non-recurring financial charges | 66B | €49,920 | €0 | -€49,920 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €85,557 | €427,278 | +€341,721 | +399.4% |
| Transfer from deferred taxes | 780 | €2,168 | €3,889 | +€1,721 | +79.4% |
| Transfer to deferred taxes | 680 | - | €44,103 | +€44,103 | |
| Income taxes | 67/77 | €25,957 | €62,265 | +€36,308 | +139.9% |
| Profit (loss) for the period | 9904 | €61,768 | €324,799 | +€263,031 | +425.8% |
| Transfer from tax-exempt reserves | 789 | €6,503 | €11,666 | +€5,163 | +79.4% |
| Transfer to tax-exempt reserves | 689 | - | €132,309 | +€132,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,271 | €204,155 | +€135,885 | +199.0% |
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 5 October 2026 via checked.be.