BUILDWATCH: 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.
BUILDWATCH
Largest movements
- Receivables within one year -€208,206
down €208,206 (-40.7%), from €512,008 to €303,803
- Other debts -€175,697
no longer reported in 2025 (was €175,697)
- Tax, wage and social debts -€23,285
down €23,285 (-99.7%), from €23,362 to €77
- Profit (loss) carried forward -€7,063
down €7,063 (-27.8%), from €25,366 to €18,303
- Gross operating margin +€3,264
up €3,264 (+35.4%), from -€9,226 to -€5,962
- Taxes +€213
up €213 (+217.2%), from €98 to €311
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 | €529,198 | €319,217 | -€209,981 | -39.7% |
| Fixed assets | 21/28 | €15,350 | €15,350 | = | 0.0% |
| Financial fixed assets | 28 | €15,350 | €15,350 | = | 0.0% |
| Current assets | 29/58 | €513,848 | €303,867 | -€209,981 | -40.9% |
| Amounts receivable within one year | 40/41 | €512,008 | €303,803 | -€208,206 | -40.7% |
| Other amounts receivable | 41 | €512,008 | €303,803 | -€208,206 | -40.7% |
| Cash at bank and in hand | 54/58 | €173 | €64 | -€109 | -62.9% |
| Deferred charges and accrued income | 490/1 | €1,667 | - | -€1,667 | |
| Total equity and liabilities | 10/49 | €529,198 | €319,217 | -€209,981 | -39.7% |
| Equity | 10/15 | €326,203 | €319,140 | -€7,063 | -2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €238,837 | €238,837 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €232,637 | €232,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,366 | €18,303 | -€7,063 | -27.8% |
| Amounts payable | 17/49 | €202,996 | €77 | -€202,919 | -100.0% |
| Amounts payable within one year | 42/48 | €202,996 | €77 | -€202,919 | -100.0% |
| Trade debts | 44 | €3,937 | - | -€3,937 | |
| Suppliers | 440/4 | €3,937 | - | -€3,937 | |
| Taxes, remuneration and social security | 45 | €23,362 | €77 | -€23,285 | -99.7% |
| Taxes | 450/3 | €23,362 | €77 | -€23,285 | -99.7% |
| Other amounts payable | 47/48 | €175,697 | - | -€175,697 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€9,226 | -€5,962 | +€3,264 | +35.4% |
| Operating profit (loss) | 9901 | -€9,614 | -€6,362 | +€3,252 | +33.8% |
| Financial charges | 65/66B | €305 | €390 | +€85 | +27.8% |
| Recurring financial charges | 65 | €305 | €390 | +€85 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,919 | -€6,752 | +€3,167 | +31.9% |
| Income taxes | 67/77 | €98 | €311 | +€213 | +217.2% |
| Profit (loss) for the period | 9904 | -€10,017 | -€7,063 | +€2,954 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,017 | -€7,063 | +€2,954 | +29.5% |
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 30 September 2026 via checked.be.