BUILDING TODAY: 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 TODAY
Largest movements
- Cash -€2.4m
down €2.4m (-82.1%), from €2.9m to €513,722
mainly Debts after one year (-€1.9m) and Other debts (-€1.0m)
- Current investments -€499,999
down €499,999 (-45.5%), from €1.1m to €600,001
- Receivables within one year -€257,506
down €257,506 (-25.1%), from €1.0m to €766,669
of which Trade receivables: -€241,945
- Tangible fixed assets +€146,368
up €146,368 (+4.3%), from €3.4m to €3.5m
of which Land and buildings: +€145,166
- Debts after one year -€1.9m
down €1.9m (-45.7%), from €4.1m to €2.2m
- Other debts -€1.0m
down €1.0m (-93.9%), from €1.1m to €65,491
- Trade debts -€260,834
down €260,834 (-91.8%), from €284,257 to €23,423
- Reserves +€224,724
up €224,724 (+9.0%), from €2.5m to €2.7m
- Financial charges -€104,054
down €104,054 (-71.8%), from €144,996 to €40,942
- Depreciation +€100,963
up €100,963 (+175.8%), from €57,423 to €158,386
- Gross operating margin -€53,105
down €53,105 (-5.0%), from €1.1m to €1.0m
- Taxes -€27,140
down €27,140 (-9.5%), from €284,440 to €257,300
- Other operating charges +€15,676
new in 2025: €15,676
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 | €8,425,835 | €5,429,899 | -€3.0m | -35.6% |
| Fixed assets | 21/28 | €3,402,911 | €3,549,279 | +€146,368 | +4.3% |
| Tangible fixed assets | 22/27 | €3,402,911 | €3,549,279 | +€146,368 | +4.3% |
| Land and buildings | 22 | €3,402,911 | €3,548,077 | +€145,166 | +4.3% |
| Plant, machinery and equipment | 23 | - | €1,202 | +€1,202 | |
| Current assets | 29/58 | €5,022,924 | €1,880,620 | -€3.1m | -62.6% |
| Amounts receivable within one year | 40/41 | €1,024,175 | €766,669 | -€257,506 | -25.1% |
| Trade receivables | 40 | €1,008,614 | €766,669 | -€241,945 | -24.0% |
| Other amounts receivable | 41 | €15,560 | - | -€15,560 | |
| Current investments | 50/53 | €1,100,000 | €600,001 | -€499,999 | -45.5% |
| Cash at bank and in hand | 54/58 | €2,874,324 | €513,722 | -€2.4m | -82.1% |
| Deferred charges and accrued income | 490/1 | €24,425 | €229 | -€24,197 | -99.1% |
| Total equity and liabilities | 10/49 | €8,425,835 | €5,429,899 | -€3.0m | -35.6% |
| Equity | 10/15 | €2,510,626 | €2,735,351 | +€224,724 | +9.0% |
| Reserves | 13 | €2,510,626 | €2,735,351 | +€224,724 | +9.0% |
| Distributable reserves | 133 | €2,510,626 | €2,735,351 | +€224,724 | +9.0% |
| Amounts payable | 17/49 | €5,915,209 | €2,694,548 | -€3.2m | -54.4% |
| Amounts payable after more than one year | 17 | €4,098,358 | €2,224,209 | -€1.9m | -45.7% |
| Financial debts | 170/4 | €4,098,358 | €2,224,209 | -€1.9m | -45.7% |
| Amounts payable within one year | 42/48 | €1,784,171 | €453,773 | -€1.3m | -74.6% |
| Current portion of amounts payable after more than one year | 42 | €183,273 | €198,556 | +€15,283 | +8.3% |
| Financial debts | 43 | €53,000 | €31,000 | -€22,000 | -41.5% |
| Credit institutions | 430/8 | €53,000 | €31,000 | -€22,000 | -41.5% |
| Trade debts | 44 | €284,257 | €23,423 | -€260,834 | -91.8% |
| Suppliers | 440/4 | €284,257 | €23,423 | -€260,834 | -91.8% |
| Advances received on contracts in progress | 46 | €25,286 | - | -€25,286 | |
| Taxes, remuneration and social security | 45 | €159,644 | €135,302 | -€24,343 | -15.2% |
| Taxes | 450/3 | €152,886 | €135,302 | -€17,584 | -11.5% |
| Remuneration and social security | 454/9 | €6,758 | - | -€6,758 | |
| Other amounts payable | 47/48 | €1,078,710 | €65,491 | -€1.0m | -93.9% |
| Accrued charges and deferred income | 492/3 | €32,680 | €16,567 | -€16,113 | -49.3% |
| Non-recurring operating income | 76A | - | €20,661 | +€20,661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,423 | €158,386 | +€100,963 | +175.8% |
| Other operating charges | 640/8 | - | €15,676 | +€15,676 | |
| Gross operating margin | 9900 | €1,071,999 | €1,018,894 | -€53,105 | -5.0% |
| Operating profit (loss) | 9901 | €1,014,576 | €844,833 | -€169,744 | -16.7% |
| Financial income | 75/76B | €1,788 | €7,808 | +€6,020 | +336.7% |
| Recurring financial income | 75 | €1,788 | €7,808 | +€6,020 | +336.7% |
| Financial charges | 65/66B | €144,996 | €40,942 | -€104,054 | -71.8% |
| Recurring financial charges | 65 | €144,996 | €40,942 | -€104,054 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €871,368 | €811,698 | -€59,669 | -6.8% |
| Income taxes | 67/77 | €284,440 | €257,300 | -€27,140 | -9.5% |
| Profit (loss) for the period | 9904 | €586,928 | €554,399 | -€32,530 | -5.5% |
| Transfer from tax-exempt reserves | 789 | €17,500 | - | -€17,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €604,428 | €554,399 | -€50,030 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.