BUILDING TOGETHER: 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 TOGETHER
Largest movements
- Receivables within one year -€14,024
down €14,024 (-37.7%), from €37,175 to €23,151
of which Other amounts receivable: -€30,961
- Cash +€6,834
up €6,834 (+8.4%), from €81,195 to €88,029
mainly Advances received (+€21,302) and Receivables within one year (+€14,024)
- Tangible fixed assets -€2,501
down €2,501 (-27.1%), from €9,221 to €6,720
of which Other tangible fixed assets: -€1,387
- Deferred charges and accrued income -€1,606
down €1,606 (-62.2%), from €2,581 to €975
- Reserves -€42,419
down €42,419 (-42.0%), from €100,916 to €58,497
- Advances received +€21,302
new in 2025: €21,302
- Tax, wage and social debts +€5,283
up €5,283 (+107%), from €4,957 to €10,239
of which Remuneration and social security: +€4,501
- Trade debts +€3,773
up €3,773 (+66.8%), from €5,650 to €9,423
- Gross operating margin -€28,431
down €28,431 (-57.5%), from €49,413 to €20,982
- Taxes -€6,909
down €6,909 (-53.9%), from €12,807 to €5,898
- Financial income -€933
down €933 (-41.3%), from €2,259 to €1,326
- Depreciation -€539
down €539 (-17.7%), from €3,040 to €2,501
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 | €130,173 | €118,876 | -€11,297 | -8.7% |
| Fixed assets | 21/28 | €9,221 | €6,720 | -€2,501 | -27.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €9,221 | €6,720 | -€2,501 | -27.1% |
| Plant, machinery and equipment | 23 | €1,599 | €485 | -€1,114 | -69.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €7,623 | €6,235 | -€1,387 | -18.2% |
| Current assets | 29/58 | €120,952 | €112,155 | -€8,796 | -7.3% |
| Amounts receivable within one year | 40/41 | €37,175 | €23,151 | -€14,024 | -37.7% |
| Trade receivables | 40 | €2,046 | €18,983 | +€16,937 | +828% |
| Other amounts receivable | 41 | €35,129 | €4,168 | -€30,961 | -88.1% |
| Cash at bank and in hand | 54/58 | €81,195 | €88,029 | +€6,834 | +8.4% |
| Deferred charges and accrued income | 490/1 | €2,581 | €975 | -€1,606 | -62.2% |
| Total equity and liabilities | 10/49 | €130,173 | €118,876 | -€11,297 | -8.7% |
| Equity | 10/15 | €119,516 | €77,097 | -€42,419 | -35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,916 | €58,497 | -€42,419 | -42.0% |
| Distributable reserves | 133 | €100,916 | €58,497 | -€42,419 | -42.0% |
| Amounts payable | 17/49 | €10,657 | €41,778 | +€31,122 | +292% |
| Amounts payable within one year | 42/48 | €10,607 | €41,778 | +€31,171 | +294% |
| Trade debts | 44 | €5,650 | €9,423 | +€3,773 | +66.8% |
| Suppliers | 440/4 | €5,650 | €9,423 | +€3,773 | +66.8% |
| Advances received on contracts in progress | 46 | - | €21,302 | +€21,302 | |
| Taxes, remuneration and social security | 45 | €4,957 | €10,239 | +€5,283 | +107% |
| Taxes | 450/3 | €4,957 | €5,739 | +€782 | +15.8% |
| Remuneration and social security | 454/9 | - | €4,501 | +€4,501 | |
| Other amounts payable | 47/48 | - | €814 | +€814 | |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,040 | €2,501 | -€539 | -17.7% |
| Other operating charges | 640/8 | €1,019 | €751 | -€268 | -26.3% |
| Gross operating margin | 9900 | €49,413 | €20,982 | -€28,431 | -57.5% |
| Operating profit (loss) | 9901 | €45,354 | €17,730 | -€27,624 | -60.9% |
| Financial income | 75/76B | €2,259 | €1,326 | -€933 | -41.3% |
| Recurring financial income | 75 | €2,259 | €1,326 | -€933 | -41.3% |
| Financial charges | 65/66B | €56 | €113 | +€57 | +103% |
| Recurring financial charges | 65 | €56 | €113 | +€57 | +103% |
| Profit (loss) for the period before taxes | 9903 | €47,558 | €18,943 | -€28,614 | -60.2% |
| Income taxes | 67/77 | €12,807 | €5,898 | -€6,909 | -53.9% |
| Profit (loss) for the period | 9904 | €34,750 | €13,045 | -€21,706 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,750 | €13,045 | -€21,706 | -62.5% |
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 27 October 2026 via checked.be.