Built to Build: 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.
Built to Build
Largest movements
- Cash +€44,453
new in 2025: €44,453
mainly Current investments (+€42,388) and Accrued charges and deferred income (+€38,154)
- Current investments -€42,388
no longer reported in 2025 (was €42,388)
- Tangible fixed assets +€23,903
up €23,903 (+16.7%), from €143,087 to €166,990
of which Furniture and vehicles: +€26,872
- Receivables within one year -€11,637
down €11,637 (-59.7%), from €19,508 to €7,871
of which Trade receivables: -€16,885
- Accrued charges and deferred income +€38,154
new in 2025: €38,154
- Other debts -€14,470
no longer reported in 2025 (was €14,470)
- Tax, wage and social debts -€14,380
down €14,380 (-86.0%), from €16,724 to €2,344
of which Taxes: -€12,680
- Profit (loss) carried forward +€9,231
up €9,231 (+16.6%), from €55,707 to €64,938
- Debts after one year -€5,997
down €5,997 (-5.5%), from €109,398 to €103,401
- Gross operating margin +€73,671
up €73,671 (+365%), from €20,170 to €93,841
- Staff costs +€45,840
up €45,840 (+2,605%), from €1,760 to €47,600
- Depreciation +€12,585
up €12,585 (+216%), from €5,831 to €18,416
- Financial charges +€2,019
up €2,019 (+64.0%), from €3,155 to €5,174
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 | €205,042 | €219,433 | +€14,391 | +7.0% |
| Fixed assets | 21/28 | €143,087 | €166,990 | +€23,903 | +16.7% |
| Tangible fixed assets | 22/27 | €143,087 | €166,990 | +€23,903 | +16.7% |
| Land and buildings | 22 | €123,482 | €119,315 | -€4,167 | -3.4% |
| Plant, machinery and equipment | 23 | €11,733 | €12,931 | +€1,198 | +10.2% |
| Furniture and vehicles | 24 | €7,872 | €34,744 | +€26,872 | +341% |
| Current assets | 29/58 | €61,955 | €52,443 | -€9,512 | -15.4% |
| Amounts receivable within one year | 40/41 | €19,508 | €7,871 | -€11,637 | -59.7% |
| Trade receivables | 40 | €17,975 | €1,090 | -€16,885 | -93.9% |
| Other amounts receivable | 41 | €1,533 | €6,781 | +€5,248 | +342% |
| Current investments | 50/53 | €42,388 | - | -€42,388 | |
| Cash at bank and in hand | 54/58 | - | €44,453 | +€44,453 | |
| Deferred charges and accrued income | 490/1 | €59 | €119 | +€60 | +102% |
| Total equity and liabilities | 10/49 | €205,042 | €219,433 | +€14,391 | +7.0% |
| Equity | 10/15 | €58,707 | €67,938 | +€9,231 | +15.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,707 | €64,938 | +€9,231 | +16.6% |
| Amounts payable | 17/49 | €146,335 | €151,495 | +€5,160 | +3.5% |
| Amounts payable after more than one year | 17 | €109,398 | €103,401 | -€5,997 | -5.5% |
| Financial debts | 170/4 | €109,398 | €103,401 | -€5,997 | -5.5% |
| Amounts payable within one year | 42/48 | €36,937 | €9,940 | -€26,997 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €5,743 | - | -€5,743 | |
| Financial debts | 43 | - | €5,997 | +€5,997 | |
| Credit institutions | 430/8 | - | €5,997 | +€5,997 | |
| Trade debts | 44 | - | €1,599 | +€1,599 | |
| Suppliers | 440/4 | - | €1,599 | +€1,599 | |
| Taxes, remuneration and social security | 45 | €16,724 | €2,344 | -€14,380 | -86.0% |
| Taxes | 450/3 | €15,024 | €2,344 | -€12,680 | -84.4% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €14,470 | - | -€14,470 | |
| Accrued charges and deferred income | 492/3 | - | €38,154 | +€38,154 | |
| Remuneration, social security and pensions | 62 | €1,760 | €47,600 | +€45,840 | +2,605% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,831 | €18,416 | +€12,585 | +216% |
| Other operating charges | 640/8 | €857 | €1,344 | +€487 | +56.8% |
| Gross operating margin | 9900 | €20,170 | €93,841 | +€73,671 | +365% |
| Operating profit (loss) | 9901 | €11,722 | €26,481 | +€14,759 | +126% |
| Financial income | 75/76B | €1,116 | €219 | -€897 | -80.4% |
| Recurring financial income | 75 | €1,116 | €219 | -€897 | -80.4% |
| Financial charges | 65/66B | €3,155 | €5,174 | +€2,019 | +64.0% |
| Recurring financial charges | 65 | €3,155 | €5,174 | +€2,019 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €9,683 | €21,526 | +€11,843 | +122% |
| Income taxes | 67/77 | €2,648 | €2,344 | -€304 | -11.5% |
| Profit (loss) for the period | 9904 | €7,035 | €19,182 | +€12,147 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €7,035 | €19,182 | +€12,147 | +173% |
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 17 October 2026 via checked.be.