Builthings: 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.
What changed
Builthings
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €3.1m-€449,093
Equity
€21.8m
2024 · €19.6m+€2.2m
Cash
€14.2m
2024 · €10.7m+€3.5m
Balance sheet total
€33.7m
2024 · €33.7m-€19,522
Largest movements
Assets
- Stocks and contracts -€4.0m
down €4.0m (-51.9%), from €7.8m to €3.7m
of which Contracts in progress: -€2.4m
- Cash +€3.5m
up €3.5m (+32.6%), from €10.7m to €14.2m
mainly Stocks and contracts (+€4.0m) and Net result for the year (+€2.7m)
- Tangible fixed assets +€1.4m
up €1.4m (+1006.7%), from €139,532 to €1.5m
of which Other tangible fixed assets: +€1.4m
- Receivables within one year -€839,121
down €839,121 (-5.6%), from €14.9m to €14.1m
of which Other amounts receivable: -€979,101
Equity and liabilities
- Advances received -€3.0m
down €3.0m (-53.7%), from €5.5m to €2.6m
- Profit (loss) carried forward +€2.2m
up €2.2m (+11.3%), from €19.3m to €21.5m
- Debts after one year +€546,305
new in 2025: €546,305
Income statement
- Turnover +€3.0m
up €3.0m (+9.0%), from €33.6m to €36.6m
- Goods and materials +€1.8m
up €1.8m (+7.2%), from €25.5m to €27.3m
of which Change in stocks: decrease (increase): +€4.4m
- Services and other goods +€501,187
up €501,187 (+21.3%), from €2.4m to €2.9m
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.
Result 2024
€3.1m
Turnover
+€3.0m
Other operating income
+€101,088
Goods and materials
-€1.8m
Services and other goods
-€501,187
Staff costs
-€71,775
Depreciation
-€70,670
Write-downs
-€500
Provisions
+€25,141
Other operating charges
+€18,331
Other operating items
-€1.1m
Financial income
-€193,993
Financial charges
-€8,452
Taxes
+€178,622
Result 2025
€2.7m
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.
From operations
+€4.8m
Investment
-€1.6m
Financing
+€241,457
Cash 2024
€10.7m
From operations (derived)
+€4.8m
Net result for the year
+€2.7m
Depreciation
+€148,229
Stocks and contracts
+€4.0m
Receivables within one year
+€839,121
Deferred charges and accrued income
+€63,535
Trade debts
-€316,807
Tax, wage and social debts
+€290,036
Advances received
-€3.0m
Other debts
+€75,717
Accrued charges and deferred income
-€18,799
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€241,457
Debts after one year
+€546,305
Current portion of long-term debt
+€57,303
Short-term financial debts
+€137,849
Contributions, distributions and other
-€500,000
Cash 2025
€14.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,745,475 | €33,725,953 | -€19,522 | -0.1% |
| Fixed assets | 21/28 | €299,643 | €1,730,284 | +€1.4m | +477.4% |
| Intangible fixed assets | 21 | €158,911 | €184,826 | +€25,914 | +16.3% |
| Tangible fixed assets | 22/27 | €139,532 | €1,544,258 | +€1.4m | +1006.7% |
| Plant, machinery and equipment | 23 | €9,092 | €14,547 | +€5,455 | +60.0% |
| Furniture and vehicles | 24 | €116,420 | €136,402 | +€19,982 | +17.2% |
| Other tangible fixed assets | 26 | €14,020 | €1,393,310 | +€1.4m | +9838.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €33,445,832 | €31,995,670 | -€1.5m | -4.3% |
| Stocks and contracts in progress | 3 | €7,752,710 | €3,726,271 | -€4.0m | -51.9% |
| Stocks | 30/36 | €2,742,945 | €1,100,324 | -€1.6m | -59.9% |
| Property held for sale | 35 | €2,742,945 | €1,100,324 | -€1.6m | -59.9% |
| Contracts in progress | 37 | €5,009,766 | €2,625,947 | -€2.4m | -47.6% |
| Amounts receivable within one year | 40/41 | €14,895,061 | €14,055,941 | -€839,121 | -5.6% |
| Trade receivables | 40 | €12,161,235 | €12,301,215 | +€139,980 | +1.2% |
| Other amounts receivable | 41 | €2,733,826 | €1,754,726 | -€979,101 | -35.8% |
| Cash at bank and in hand | 54/58 | €10,680,264 | €14,159,196 | +€3.5m | +32.6% |
| Deferred charges and accrued income | 490/1 | €117,796 | €54,261 | -€63,535 | -53.9% |
| Total equity and liabilities | 10/49 | €33,745,475 | €33,725,953 | -€19,522 | -0.1% |
| Equity | 10/15 | €19,627,270 | €21,805,313 | +€2.2m | +11.1% |
| 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 | €257,085 | €257,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,885 | €2,885 | = | 0.0% |
| Distributable reserves | 133 | €248,000 | €248,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,308,185 | €21,486,228 | +€2.2m | +11.3% |
| Provisions and deferred taxes | 16 | €38,743 | €38,743 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €38,743 | €38,743 | = | 0.0% |
| Major repairs and maintenance | 162 | €13,602 | €13,602 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,141 | €25,141 | = | 0.0% |
| Amounts payable | 17/49 | €14,079,462 | €11,881,897 | -€2.2m | -15.6% |
| Amounts payable after more than one year | 17 | - | €546,305 | +€546,305 | |
| Financial debts | 170/4 | - | €546,305 | +€546,305 | |
| Credit institutions | 173 | - | €546,305 | +€546,305 | |
| Amounts payable within one year | 42/48 | €14,054,109 | €11,329,038 | -€2.7m | -19.4% |
| Current portion of amounts payable after more than one year | 42 | - | €57,303 | +€57,303 | |
| Financial debts | 43 | - | €137,849 | +€137,849 | |
| Credit institutions | 430/8 | - | €137,849 | +€137,849 | |
| Trade debts | 44 | €5,427,553 | €5,110,746 | -€316,807 | -5.8% |
| Suppliers | 440/4 | €5,427,553 | €5,110,746 | -€316,807 | -5.8% |
| Advances received on contracts in progress | 46 | €5,527,038 | €2,557,869 | -€3.0m | -53.7% |
| Taxes, remuneration and social security | 45 | €1,372,013 | €1,662,049 | +€290,036 | +21.1% |
| Taxes | 450/3 | €1,194,826 | €1,494,257 | +€299,431 | +25.1% |
| Remuneration and social security | 454/9 | €177,187 | €167,792 | -€9,395 | -5.3% |
| Other amounts payable | 47/48 | €1,727,506 | €1,803,222 | +€75,717 | +4.4% |
| Accrued charges and deferred income | 492/3 | €25,353 | €6,554 | -€18,799 | -74.1% |
| Operating income | 70/76A | €32,677,920 | €34,688,349 | +€2.0m | +6.2% |
| Turnover | 70 | €33,629,802 | €36,646,574 | +€3.0m | +9.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,248,339 | -€2,383,818 | -€1.1m | -91.0% |
| Other operating income | 74 | €296,457 | €397,545 | +€101,088 | +34.1% |
| Non-recurring operating income | 76A | €0 | €28,048 | +€28,048 | |
| Operating charges | 60/66A | €29,353,391 | €31,789,091 | +€2.4m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €25,509,452 | €27,346,100 | +€1.8m | +7.2% |
| Purchases | 600/8 | €28,252,397 | €25,729,575 | -€2.5m | -8.9% |
| Change in stocks: decrease (increase) | 609 | -€2,742,945 | €1,616,525 | +€4.4m | |
| Services and other goods | 61 | €2,355,803 | €2,856,989 | +€501,187 | +21.3% |
| Remuneration, social security and pensions | 62 | €1,352,651 | €1,424,426 | +€71,775 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,559 | €148,229 | +€70,670 | +91.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,141 | €0 | -€25,141 | -100.0% |
| Other operating charges | 640/8 | €31,177 | €12,846 | -€18,331 | -58.8% |
| Non-recurring operating charges | 66A | €1,608 | €0 | -€1,608 | -100.0% |
| Operating profit (loss) | 9901 | €3,324,529 | €2,899,258 | -€425,271 | -12.8% |
| Financial income | 75/76B | €761,863 | €567,870 | -€193,993 | -25.5% |
| Recurring financial income | 75 | €761,863 | €567,870 | -€193,993 | -25.5% |
| Income from current assets | 751 | €52,186 | €55,454 | +€3,268 | +6.3% |
| Other financial income | 752/9 | €709,676 | €512,416 | -€197,261 | -27.8% |
| Financial charges | 65/66B | €33,097 | €41,549 | +€8,452 | +25.5% |
| Recurring financial charges | 65 | €33,097 | €41,549 | +€8,452 | +25.5% |
| Debt charges | 650 | €2,057 | €20,772 | +€18,715 | +910.0% |
| Other financial charges | 652/9 | €31,041 | €20,777 | -€10,263 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €4,053,294 | €3,425,579 | -€627,716 | -15.5% |
| Income taxes | 67/77 | €926,158 | €747,535 | -€178,622 | -19.3% |
| Taxes | 670/3 | €927,788 | €747,535 | -€180,253 | -19.4% |
| Tax adjustments and reversals of tax provisions | 77 | €1,630 | €0 | -€1,630 | -100.0% |
| Profit (loss) for the period | 9904 | €3,127,137 | €2,678,043 | -€449,093 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,127,137 | €2,678,043 | -€449,093 | -14.4% |
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 6 October 2026 via checked.be.