BUILDMAT: 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
BUILDMAT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,219
2024 · €5.1m-€5.0m
Equity
€45.3m
2024 · €48.4m-€3.1m
Cash
€426,633
2024 · €1.7m-€1.3m
Balance sheet total
€64.2m
2024 · €72.4m-€8.2m
Largest movements
Assets
- Financial fixed assets -€6.7m
down €6.7m (-9.7%), from €68.9m to €62.2m
of which Companies linked by participating interests: -€3.7m
- Cash -€1.3m
down €1.3m (-74.6%), from €1.7m to €426,633
mainly Contributions, distributions and other (-€3.2m) and Other debts (-€2.4m)
Equity and liabilities
- Reserves -€3.1m
down €3.1m (-28.6%), from €10.9m to €7.8m
of which Distributable reserves: -€3.1m
- Other debts -€2.4m
down €2.4m (-15.9%), from €14.8m to €12.5m
- Debts after one year -€2.3m
down €2.3m (-42.3%), from €5.5m to €3.2m
Income statement
- Financial income -€2.9m
down €2.9m (-55.3%), from €5.2m to €2.3m
of which Financial income: -€3.1m
- Financial charges +€1.9m
up €1.9m (+1432.7%), from €135,639 to €2.1m
of which Non-recurring financial charges: +€2.0m
- Turnover -€449,177
down €449,177 (-11.7%), from €3.8m to €3.4m
- Services and other goods +€212,690
up €212,690 (+12.1%), from €1.8m to €2.0m
- Staff costs -€183,646
down €183,646 (-10.9%), from €1.7m to €1.5m
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
€5.1m
Turnover
-€449,177
Other operating income
-€21,591
Services and other goods
-€212,690
Staff costs
+€183,646
Depreciation
+€4,806
Other operating charges
-€125
Other operating items
+€284,666
Financial income
-€2.9m
Financial charges
-€1.9m
Taxes
+€53
Result 2025
€63,219
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
-€2.0m
Investment
+€6.7m
Financing
-€6.0m
Cash 2024
€1.7m
From operations (derived)
-€2.0m
Net result for the year
+€63,219
Depreciation
+€164,213
Receivables within one year
+€43,985
Deferred charges and accrued income
+€15,100
Trade debts
+€154,898
Tax, wage and social debts
-€52,903
Other debts
-€2.4m
Investment (derived)
+€6.7m
Investment in fixed assets (net)
+€6.7m
Financing
-€6.0m
Debts after one year
-€2.3m
Current portion of long-term debt
-€445,982
Contributions, distributions and other
-€3.2m
Cash 2025
€426,633
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,379,485 | €64,224,027 | -€8.2m | -11.3% |
| Fixed assets | 21/28 | €69,339,325 | €62,499,273 | -€6.8m | -9.9% |
| Intangible fixed assets | 21 | €62,000 | €13,923 | -€48,077 | -77.5% |
| Tangible fixed assets | 22/27 | €365,251 | €250,580 | -€114,671 | -31.4% |
| Furniture and vehicles | 24 | €365,251 | €250,580 | -€114,671 | -31.4% |
| Financial fixed assets | 28 | €68,912,074 | €62,234,770 | -€6.7m | -9.7% |
| Affiliated companies | 280/1 | €65,233,071 | €62,234,770 | -€3.0m | -4.6% |
| Participating interests | 280 | €61,739,716 | €59,739,716 | -€2.0m | -3.2% |
| Amounts receivable | 281 | €3,493,355 | €2,495,054 | -€998,301 | -28.6% |
| Companies linked by participating interests | 282/3 | €3,679,003 | €0 | -€3.7m | -100.0% |
| Participating interests | 282 | €3,679,003 | €0 | -€3.7m | -100.0% |
| Current assets | 29/58 | €3,040,160 | €1,724,754 | -€1.3m | -43.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,342,106 | €1,298,122 | -€43,985 | -3.3% |
| Trade receivables | 40 | €411,100 | €335,405 | -€75,694 | -18.4% |
| Other amounts receivable | 41 | €931,007 | €962,717 | +€31,710 | +3.4% |
| Cash at bank and in hand | 54/58 | €1,682,954 | €426,633 | -€1.3m | -74.6% |
| Deferred charges and accrued income | 490/1 | €15,100 | €0 | -€15,100 | -100.0% |
| Total equity and liabilities | 10/49 | €72,379,485 | €64,224,027 | -€8.2m | -11.3% |
| Equity | 10/15 | €48,394,300 | €45,280,387 | -€3.1m | -6.4% |
| Contributions | 10/11 | €37,500,000 | €37,500,000 | = | 0.0% |
| Capital | 10 | €37,500,000 | €37,500,000 | = | 0.0% |
| Issued capital | 100 | €37,500,000 | €37,500,000 | = | 0.0% |
| Reserves | 13 | €10,894,300 | €7,780,387 | -€3.1m | -28.6% |
| Non-distributable reserves | 130/1 | €2,662,383 | €2,665,544 | +€3,161 | +0.1% |
| Legal reserve | 130 | €2,662,383 | €2,665,544 | +€3,161 | +0.1% |
| Distributable reserves | 133 | €8,231,918 | €5,114,843 | -€3.1m | -37.9% |
| Amounts payable | 17/49 | €23,985,184 | €18,943,640 | -€5.0m | -21.0% |
| Amounts payable after more than one year | 17 | €5,540,003 | €3,197,078 | -€2.3m | -42.3% |
| Financial debts | 170/4 | €5,540,003 | €3,197,078 | -€2.3m | -42.3% |
| Credit institutions | 173 | €5,540,003 | €3,197,078 | -€2.3m | -42.3% |
| Amounts payable within one year | 42/48 | €18,445,181 | €15,746,563 | -€2.7m | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €2,788,907 | €2,342,926 | -€445,982 | -16.0% |
| Trade debts | 44 | €546,696 | €701,595 | +€154,898 | +28.3% |
| Suppliers | 440/4 | €546,696 | €701,595 | +€154,898 | +28.3% |
| Taxes, remuneration and social security | 45 | €276,557 | €223,654 | -€52,903 | -19.1% |
| Taxes | 450/3 | €110,512 | €45,531 | -€64,980 | -58.8% |
| Remuneration and social security | 454/9 | €166,045 | €178,122 | +€12,077 | +7.3% |
| Other amounts payable | 47/48 | €14,833,020 | €12,478,389 | -€2.4m | -15.9% |
| Operating income | 70/76A | €4,034,930 | €3,448,827 | -€586,103 | -14.5% |
| Turnover | 70 | €3,826,148 | €3,376,971 | -€449,177 | -11.7% |
| Other operating income | 74 | €77,748 | €56,157 | -€21,591 | -27.8% |
| Non-recurring operating income | 76A | €131,033 | €15,699 | -€115,334 | -88.0% |
| Operating charges | 60/66A | €4,017,661 | €3,642,024 | -€375,637 | -9.3% |
| Services and other goods | 61 | €1,762,711 | €1,975,401 | +€212,690 | +12.1% |
| Remuneration, social security and pensions | 62 | €1,680,777 | €1,497,131 | -€183,646 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,018 | €164,213 | -€4,806 | -2.8% |
| Other operating charges | 640/8 | €5,154 | €5,279 | +€125 | +2.4% |
| Non-recurring operating charges | 66A | €400,000 | €0 | -€400,000 | -100.0% |
| Operating profit (loss) | 9901 | €17,269 | -€193,197 | -€210,466 | |
| Financial income | 75/76B | €5,238,845 | €2,342,897 | -€2.9m | -55.3% |
| Recurring financial income | 75 | €5,238,845 | €2,124,084 | -€3.1m | -59.5% |
| Income from financial fixed assets | 750 | €5,104,590 | €2,000,000 | -€3.1m | -60.8% |
| Income from current assets | 751 | €126,790 | €114,927 | -€11,863 | -9.4% |
| Other financial income | 752/9 | €7,464 | €9,157 | +€1,692 | +22.7% |
| Non-recurring financial income | 76B | €0 | €218,813 | +€218,813 | |
| Financial charges | 65/66B | €135,639 | €2,078,951 | +€1.9m | +1432.7% |
| Recurring financial charges | 65 | €135,639 | €78,951 | -€56,688 | -41.8% |
| Debt charges | 650 | €108,539 | €76,809 | -€31,730 | -29.2% |
| Other financial charges | 652/9 | €27,100 | €2,142 | -€24,958 | -92.1% |
| Non-recurring financial charges | 66B | €0 | €2,000,000 | +€2.0m | |
| Profit (loss) for the period before taxes | 9903 | €5,120,475 | €70,749 | -€5.0m | -98.6% |
| Income taxes | 67/77 | €7,582 | €7,530 | -€53 | -0.7% |
| Taxes | 670/3 | €7,582 | €7,594 | +€12 | +0.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €64 | +€64 | |
| Profit (loss) for the period | 9904 | €5,112,892 | €63,219 | -€5.0m | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,112,892 | €63,219 | -€5.0m | -98.8% |
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 6 October 2026 via checked.be.