BUILDING WORDS: 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 WORDS
Largest movements
- Receivables within one year +€27,150
up €27,150 (+37.1%), from €73,165 to €100,315
of which Trade receivables: +€38,985
- Cash +€22,236
up €22,236 (+21.2%), from €105,108 to €127,344
mainly Net result for the year (+€54,902) and Tax, wage and social debts (+€49,771)
- Tangible fixed assets -€7,018
down €7,018 (-2.7%), from €257,310 to €250,291
of which Land and buildings: -€10,969
- Deferred charges and accrued income +€5,896
new in 2025: €5,896
- Profit (loss) carried forward -€90,810
down €90,810 (-100%), from €90,810 to €0
- Contributions +€75,000
new in 2025: €75,000
- Tax, wage and social debts +€49,771
up €49,771 (+155%), from €32,144 to €81,915
of which Remuneration and social security: +€25,897
- Reserves +€18,587
up €18,587 (+12.1%), from €154,000 to €172,587
of which Distributable reserves: +€93,587
- Trade debts -€9,647
down €9,647 (-16.5%), from €58,397 to €48,750
- Gross operating margin +€52,790
up €52,790 (+12.7%), from €414,342 to €467,131
- Staff costs +€25,015
up €25,015 (+7.6%), from €329,520 to €354,534
- Taxes +€13,773
up €13,773 (+73.4%), from €18,763 to €32,536
- Financial charges +€4,839
up €4,839 (+762%), from €635 to €5,474
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 | €436,132 | €484,396 | +€48,264 | +11.1% |
| Fixed assets | 21/28 | €257,860 | €250,841 | -€7,018 | -2.7% |
| Tangible fixed assets | 22/27 | €257,310 | €250,291 | -€7,018 | -2.7% |
| Land and buildings | 22 | €236,981 | €226,011 | -€10,969 | -4.6% |
| Furniture and vehicles | 24 | €11,430 | €16,017 | +€4,587 | +40.1% |
| Other tangible fixed assets | 26 | €8,899 | €8,263 | -€636 | -7.1% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €178,273 | €233,555 | +€55,282 | +31.0% |
| Amounts receivable within one year | 40/41 | €73,165 | €100,315 | +€27,150 | +37.1% |
| Trade receivables | 40 | €60,330 | €99,315 | +€38,985 | +64.6% |
| Other amounts receivable | 41 | €12,835 | €1,000 | -€11,835 | -92.2% |
| Cash at bank and in hand | 54/58 | €105,108 | €127,344 | +€22,236 | +21.2% |
| Deferred charges and accrued income | 490/1 | - | €5,896 | +€5,896 | |
| Total equity and liabilities | 10/49 | €436,132 | €484,396 | +€48,264 | +11.1% |
| Equity | 10/15 | €244,810 | €247,587 | +€2,777 | +1.1% |
| Contributions | 10/11 | - | €75,000 | +€75,000 | |
| Reserves | 13 | €154,000 | €172,587 | +€18,587 | +12.1% |
| Non-distributable reserves | 130/1 | €75,000 | €0 | -€75,000 | -100% |
| Reserves not available under the articles | 1311 | €75,000 | €0 | -€75,000 | -100% |
| Tax-exempt reserves | 132 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €142,587 | +€93,587 | +191% |
| Profit (loss) carried forward | 14 | €90,810 | €0 | -€90,810 | -100% |
| Amounts payable | 17/49 | €191,322 | €236,809 | +€45,487 | +23.8% |
| Amounts payable within one year | 42/48 | €191,322 | €236,359 | +€45,037 | +23.5% |
| Trade debts | 44 | €58,397 | €48,750 | -€9,647 | -16.5% |
| Suppliers | 440/4 | €58,397 | €48,750 | -€9,647 | -16.5% |
| Taxes, remuneration and social security | 45 | €32,144 | €81,915 | +€49,771 | +155% |
| Taxes | 450/3 | €331 | €24,205 | +€23,874 | +7,203% |
| Remuneration and social security | 454/9 | €31,812 | €57,709 | +€25,897 | +81.4% |
| Other amounts payable | 47/48 | €100,782 | €105,695 | +€4,913 | +4.9% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Non-recurring operating income | 76A | €2,129 | €0 | -€2,129 | -100% |
| Remuneration, social security and pensions | 62 | €329,520 | €354,534 | +€25,015 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,578 | €16,645 | +€1,067 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,914 | -€1,914 | -€3,828 | |
| Other operating charges | 640/8 | €3,490 | €5,348 | +€1,857 | +53.2% |
| Non-recurring operating charges | 66A | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | €414,342 | €467,131 | +€52,790 | +12.7% |
| Operating profit (loss) | 9901 | €63,453 | €92,519 | +€29,066 | +45.8% |
| Financial income | 75/76B | €737 | €393 | -€344 | -46.7% |
| Recurring financial income | 75 | €737 | €393 | -€344 | -46.7% |
| Financial charges | 65/66B | €635 | €5,474 | +€4,839 | +762% |
| Recurring financial charges | 65 | €635 | €5,474 | +€4,839 | +762% |
| Profit (loss) for the period before taxes | 9903 | €63,555 | €87,438 | +€23,883 | +37.6% |
| Income taxes | 67/77 | €18,763 | €32,536 | +€13,773 | +73.4% |
| Profit (loss) for the period | 9904 | €44,791 | €54,902 | +€10,110 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,791 | €54,902 | +€10,110 | +22.6% |
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 14 October 2026 via checked.be.