Built: 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.
Built
Largest movements
- Cash -€213,729
down €213,729 (-45.3%), from €471,860 to €258,131
mainly Other debts (-€109,992) and Contributions, distributions and other (-€100,000)
- Stocks and contracts -€27,231
down €27,231 (-80.7%), from €33,744 to €6,513
- Other debts -€109,992
down €109,992 (-52.3%), from €210,220 to €100,229
- Advances received -€78,750
down €78,750 (-100.0%), from €78,750 to €0
- Trade debts -€62,706
down €62,706 (-21.6%), from €290,427 to €227,721
- Gross operating margin -€50,485
down €50,485 (-15.8%), from €319,339 to €268,854
- Staff costs +€9,551
up €9,551 (+7.2%), from €133,258 to €142,809
- Taxes -€5,639
down €5,639 (-35.1%), from €16,086 to €10,447
- Financial charges -€4,384
down €4,384 (-64.0%), from €6,854 to €2,470
of which Non-recurring financial charges: -€4,352
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 | €654,272 | €405,440 | -€248,832 | -38.0% |
| Fixed assets | 21/28 | €18,224 | €11,881 | -€6,342 | -34.8% |
| Tangible fixed assets | 22/27 | €18,168 | €11,825 | -€6,342 | -34.9% |
| Land and buildings | 22 | €10,531 | €4,633 | -€5,898 | -56.0% |
| Plant, machinery and equipment | 23 | €1,869 | €3,542 | +€1,673 | +89.5% |
| Furniture and vehicles | 24 | €5,767 | €3,650 | -€2,117 | -36.7% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €636,049 | €393,559 | -€242,490 | -38.1% |
| Stocks and contracts in progress | 3 | €33,744 | €6,513 | -€27,231 | -80.7% |
| Contracts in progress | 37 | €33,744 | €6,513 | -€27,231 | -80.7% |
| Amounts receivable within one year | 40/41 | €125,252 | €123,751 | -€1,501 | -1.2% |
| Trade receivables | 40 | €105,415 | €62,402 | -€43,014 | -40.8% |
| Other amounts receivable | 41 | €19,837 | €61,349 | +€41,513 | +209.3% |
| Cash at bank and in hand | 54/58 | €471,860 | €258,131 | -€213,729 | -45.3% |
| Deferred charges and accrued income | 490/1 | €5,192 | €5,163 | -€29 | -0.6% |
| Total equity and liabilities | 10/49 | €654,272 | €405,440 | -€248,832 | -38.0% |
| Equity | 10/15 | €55,278 | €55,322 | +€44 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,397 | €14,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,397 | €6,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,880 | €20,925 | +€44 | +0.2% |
| Amounts payable | 17/49 | €598,994 | €350,118 | -€248,876 | -41.5% |
| Amounts payable within one year | 42/48 | €598,994 | €350,118 | -€248,876 | -41.5% |
| Trade debts | 44 | €290,427 | €227,721 | -€62,706 | -21.6% |
| Suppliers | 440/4 | €290,427 | €227,721 | -€62,706 | -21.6% |
| Advances received on contracts in progress | 46 | €78,750 | €0 | -€78,750 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,597 | €22,168 | +€2,571 | +13.1% |
| Taxes | 450/3 | €6,311 | €5,145 | -€1,166 | -18.5% |
| Remuneration and social security | 454/9 | €13,286 | €17,023 | +€3,737 | +28.1% |
| Other amounts payable | 47/48 | €210,220 | €100,229 | -€109,992 | -52.3% |
| Non-recurring operating income | 76A | - | €16,774 | +€16,774 | |
| Remuneration, social security and pensions | 62 | €133,258 | €142,809 | +€9,551 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,097 | €8,571 | +€474 | +5.8% |
| Other operating charges | 640/8 | €3,341 | €4,032 | +€692 | +20.7% |
| Non-recurring operating charges | 66A | - | €2,459 | +€2,459 | |
| Gross operating margin | 9900 | €319,339 | €268,854 | -€50,485 | -15.8% |
| Operating profit (loss) | 9901 | €174,643 | €110,983 | -€63,661 | -36.5% |
| Financial income | 75/76B | €1,161 | €1,979 | +€818 | +70.4% |
| Recurring financial income | 75 | €1,161 | €1,979 | +€818 | +70.4% |
| Financial charges | 65/66B | €6,854 | €2,470 | -€4,384 | -64.0% |
| Recurring financial charges | 65 | €2,502 | €2,470 | -€32 | -1.3% |
| Non-recurring financial charges | 66B | €4,352 | €0 | -€4,352 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €168,950 | €110,491 | -€58,459 | -34.6% |
| Income taxes | 67/77 | €16,086 | €10,447 | -€5,639 | -35.1% |
| Profit (loss) for the period | 9904 | €152,864 | €100,044 | -€52,820 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €152,864 | €100,044 | -€52,820 | -34.6% |
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.