BUILDWAYS: 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.
BUILDWAYS
Largest movements
- Tangible fixed assets -€33,991
down €33,991 (-5.9%), from €571,318 to €537,326
of which Land and buildings: -€17,405
- Cash +€33,047
up €33,047 (+89.5%), from €36,928 to €69,975
mainly Net result for the year (+€116,100) and Depreciation (+€40,021)
- Receivables after one year -€18,764
down €18,764 (-26.0%), from €72,040 to €53,276
- Reserves -€58,895
down €58,895 (-9.9%), from €595,781 to €536,886
of which Distributable reserves: -€58,895
- Profit (loss) carried forward +€54,995
up €54,995 (+11.7%), from €468,368 to €523,362
- Other debts -€23,453
down €23,453 (-88.2%), from €26,600 to €3,147
- Financial income -€78,355
down €78,355 (-79.1%), from €99,032 to €20,676
- Gross operating margin +€37,987
up €37,987 (+22.1%), from €171,911 to €209,898
- Financial charges -€31,631
down €31,631 (-65.8%), from €48,040 to €16,408
- Taxes +€23,434
up €23,434 (+80.4%), from €29,164 to €52,597
- Depreciation -€6,129
down €6,129 (-13.3%), from €46,150 to €40,021
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 | €1,131,144 | €1,103,154 | -€27,990 | -2.5% |
| Fixed assets | 21/28 | €571,318 | €537,326 | -€33,991 | -5.9% |
| Tangible fixed assets | 22/27 | €571,318 | €537,326 | -€33,991 | -5.9% |
| Land and buildings | 22 | €522,601 | €505,196 | -€17,405 | -3.3% |
| Plant, machinery and equipment | 23 | €2,420 | €2,073 | -€347 | -14.3% |
| Furniture and vehicles | 24 | €30,479 | €16,975 | -€13,504 | -44.3% |
| Other tangible fixed assets | 26 | €15,817 | €13,082 | -€2,735 | -17.3% |
| Current assets | 29/58 | €559,826 | €565,828 | +€6,002 | +1.1% |
| Amounts receivable after more than one year | 29 | €72,040 | €53,276 | -€18,764 | -26.0% |
| Other amounts receivable | 291 | €72,040 | €53,276 | -€18,764 | -26.0% |
| Amounts receivable within one year | 40/41 | €76,768 | €71,089 | -€5,679 | -7.4% |
| Trade receivables | 40 | €18,566 | €42,156 | +€23,590 | +127% |
| Other amounts receivable | 41 | €58,202 | €28,934 | -€29,269 | -50.3% |
| Current investments | 50/53 | €368,756 | €370,158 | +€1,402 | +0.4% |
| Cash at bank and in hand | 54/58 | €36,928 | €69,975 | +€33,047 | +89.5% |
| Deferred charges and accrued income | 490/1 | €5,335 | €1,329 | -€4,005 | -75.1% |
| Total equity and liabilities | 10/49 | €1,131,144 | €1,103,154 | -€27,990 | -2.5% |
| Equity | 10/15 | €1,076,549 | €1,072,649 | -€3,900 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €595,781 | €536,886 | -€58,895 | -9.9% |
| Tax-exempt reserves | 132 | €339 | €339 | = | 0.0% |
| Distributable reserves | 133 | €595,443 | €536,548 | -€58,895 | -9.9% |
| Profit (loss) carried forward | 14 | €468,368 | €523,362 | +€54,995 | +11.7% |
| Amounts payable | 17/49 | €54,595 | €30,505 | -€24,089 | -44.1% |
| Amounts payable within one year | 42/48 | €54,595 | €30,505 | -€24,089 | -44.1% |
| Trade debts | 44 | €7,550 | €2,476 | -€5,074 | -67.2% |
| Suppliers | 440/4 | €7,550 | €2,476 | -€5,074 | -67.2% |
| Taxes, remuneration and social security | 45 | €20,445 | €24,882 | +€4,438 | +21.7% |
| Taxes | 450/3 | €20,445 | €24,882 | +€4,438 | +21.7% |
| Other amounts payable | 47/48 | €26,600 | €3,147 | -€23,453 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,150 | €40,021 | -€6,129 | -13.3% |
| Other operating charges | 640/8 | €4,063 | €5,447 | +€1,385 | +34.1% |
| Gross operating margin | 9900 | €171,911 | €209,898 | +€37,987 | +22.1% |
| Operating profit (loss) | 9901 | €121,698 | €164,429 | +€42,731 | +35.1% |
| Financial income | 75/76B | €99,032 | €20,676 | -€78,355 | -79.1% |
| Recurring financial income | 75 | €99,032 | €20,676 | -€78,355 | -79.1% |
| Financial charges | 65/66B | €48,040 | €16,408 | -€31,631 | -65.8% |
| Recurring financial charges | 65 | €48,040 | €16,408 | -€31,631 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €172,691 | €168,697 | -€3,993 | -2.3% |
| Income taxes | 67/77 | €29,164 | €52,597 | +€23,434 | +80.4% |
| Profit (loss) for the period | 9904 | €143,527 | €116,100 | -€27,427 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,527 | €116,100 | -€27,427 | -19.1% |
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 22 October 2026 via checked.be.