BuildUp: 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.
BuildUp
Largest movements
- Receivables within one year -€1.9m
down €1.9m (-67.0%), from €2.9m to €953,006
of which Other amounts receivable: -€1.6m
- Deferred charges and accrued income +€619,963
up €619,963 (+1119.0%), from €55,402 to €675,365
- Cash -€312,681
down €312,681 (-51.4%), from €608,167 to €295,485
mainly Accrued charges and deferred income (-€1.5m) and Deferred charges and accrued income (-€619,963)
- Stocks and contracts -€88,956
down €88,956 (-60.0%), from €148,199 to €59,243
- Accrued charges and deferred income -€1.5m
down €1.5m (-95.9%), from €1.6m to €65,000
- Tax, wage and social debts -€497,603
down €497,603 (-70.5%), from €705,731 to €208,128
of which Remuneration and social security: -€344,299
- Trade debts +€424,047
up €424,047 (+122.6%), from €345,971 to €770,018
- Provisions -€233,801
down €233,801 (-32.5%), from €719,272 to €485,470
- Debts after one year +€210,889
up €210,889 (+3.8%), from €5.6m to €5.8m
- Depreciation -€1.5m
down €1.5m (-99.7%), from €1.5m to €3,829
- Gross operating margin +€1.1m
up €1.1m, from -€323,994 to €759,829
- Write-downs -€928,624
down €928,624, from €588,387 to -€340,238
- Provisions -€811,137
down €811,137, from €425,289 to -€385,848
- Staff costs -€349,669
down €349,669 (-23.8%), from €1.5m to €1.1m
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 | €4,291,806 | €2,563,456 | -€1.7m | -40.3% |
| Fixed assets | 21/28 | €588,380 | €580,357 | -€8,022 | -1.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €584,187 | €580,357 | -€3,829 | -0.7% |
| Plant, machinery and equipment | 23 | €31,804 | €211,804 | +€180,000 | +566.0% |
| Furniture and vehicles | 24 | €33,115 | €33,115 | = | 0.0% |
| Leasing and similar rights | 25 | €519,267 | €335,438 | -€183,829 | -35.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €4,193 | €0 | -€4,193 | -100.0% |
| Current assets | 29/58 | €3,703,426 | €1,983,099 | -€1.7m | -46.5% |
| Stocks and contracts in progress | 3 | €148,199 | €59,243 | -€88,956 | -60.0% |
| Stocks | 30/36 | €148,199 | €59,243 | -€88,956 | -60.0% |
| Amounts receivable within one year | 40/41 | €2,891,659 | €953,006 | -€1.9m | -67.0% |
| Trade receivables | 40 | €755,644 | €425,213 | -€330,430 | -43.7% |
| Other amounts receivable | 41 | €2,136,015 | €527,792 | -€1.6m | -75.3% |
| Cash at bank and in hand | 54/58 | €608,167 | €295,485 | -€312,681 | -51.4% |
| Deferred charges and accrued income | 490/1 | €55,402 | €675,365 | +€619,963 | +1119.0% |
| Total equity and liabilities | 10/49 | €4,291,806 | €2,563,456 | -€1.7m | -40.3% |
| Equity | 10/15 | -€5,340,559 | -€5,345,998 | -€5,439 | -0.1% |
| Contributions | 10/11 | €7,535,383 | €7,535,383 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,007,909 | €1,007,909 | = | 0.0% |
| Distributable reserves | 133 | €1,007,909 | €1,007,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,883,851 | -€13,889,290 | -€5,439 | 0.0% |
| Provisions and deferred taxes | 16 | €719,272 | €485,470 | -€233,801 | -32.5% |
| Provisions for liabilities and charges | 160/5 | €719,272 | €485,470 | -€233,801 | -32.5% |
| Taxes | 161 | €107,302 | €10,079 | -€97,223 | -90.6% |
| Other liabilities and charges | 164/5 | €611,970 | €475,392 | -€136,579 | -22.3% |
| Amounts payable | 17/49 | €8,913,093 | €7,423,984 | -€1.5m | -16.7% |
| Amounts payable after more than one year | 17 | €5,579,491 | €5,790,380 | +€210,889 | +3.8% |
| Financial debts | 170/4 | €5,579,491 | €5,790,380 | +€210,889 | +3.8% |
| Amounts payable within one year | 42/48 | €1,751,350 | €1,568,604 | -€182,745 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €179,537 | €0 | -€179,537 | -100.0% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €345,971 | €770,018 | +€424,047 | +122.6% |
| Suppliers | 440/4 | €345,971 | €770,018 | +€424,047 | +122.6% |
| Taxes, remuneration and social security | 45 | €705,731 | €208,128 | -€497,603 | -70.5% |
| Taxes | 450/3 | €259,129 | €105,825 | -€153,304 | -59.2% |
| Remuneration and social security | 454/9 | €446,602 | €102,303 | -€344,299 | -77.1% |
| Other amounts payable | 47/48 | €20,111 | €90,458 | +€70,347 | +349.8% |
| Accrued charges and deferred income | 492/3 | €1,582,253 | €65,000 | -€1.5m | -95.9% |
| Non-recurring operating income | 76A | €29,992 | €0 | -€29,992 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,470,581 | €1,120,912 | -€349,669 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,516,454 | €3,829 | -€1.5m | -99.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €588,387 | -€340,238 | -€928,624 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €425,289 | -€385,848 | -€811,137 | |
| Other operating charges | 640/8 | €192,211 | €134,426 | -€57,785 | -30.1% |
| Gross operating margin | 9900 | -€323,994 | €759,829 | +€1.1m | |
| Operating profit (loss) | 9901 | -€4,516,915 | €226,748 | +€4.7m | |
| Financial income | 75/76B | €2,423 | €76,103 | +€73,680 | +3041.5% |
| Recurring financial income | 75 | €2,423 | €76,103 | +€73,680 | +3041.5% |
| Financial charges | 65/66B | €203,082 | €306,665 | +€103,582 | +51.0% |
| Recurring financial charges | 65 | €188,082 | €306,665 | +€118,582 | +63.0% |
| Non-recurring financial charges | 66B | €15,000 | €0 | -€15,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,717,575 | -€3,814 | +€4.7m | +99.9% |
| Income taxes | 67/77 | €109,733 | €1,625 | -€108,108 | -98.5% |
| Profit (loss) for the period | 9904 | -€4,827,308 | -€5,439 | +€4.8m | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,827,308 | -€5,439 | +€4.8m | +99.9% |
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 4 October 2026 via checked.be.