BUILTWINS: 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.
BUILTWINS
Largest movements
- Cash -€45,100
down €45,100 (-60.1%), from €74,985 to €29,885
mainly Net result for the year (-€49,363) and Current portion of long-term debt (-€29,023)
- Receivables within one year -€44,917
down €44,917 (-56.2%), from €79,929 to €35,012
of which Trade receivables: -€44,947
- Tangible fixed assets -€2,065
down €2,065 (-41.8%), from €4,947 to €2,881
of which Furniture and vehicles: -€1,106
- Profit (loss) carried forward -€49,363
down €49,363 (-476.1%), from -€10,368 to -€59,731
- Current portion of long-term debt -€29,023
down €29,023 (-24.9%), from €116,782 to €87,760
- Tax, wage and social debts -€11,323
down €11,323 (-35.5%), from €31,910 to €20,587
of which Taxes: -€11,323
- Trade debts -€5,723
down €5,723 (-69.8%), from €8,199 to €2,476
- Accrued charges and deferred income +€3,440
up €3,440 (+860.0%), from €400 to €3,840
- Gross operating margin -€46,972
down €46,972, from €689 to -€46,284
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 | €160,192 | €68,455 | -€91,737 | -57.3% |
| Fixed assets | 21/28 | €4,947 | €2,881 | -€2,065 | -41.8% |
| Tangible fixed assets | 22/27 | €4,947 | €2,881 | -€2,065 | -41.8% |
| Plant, machinery and equipment | 23 | €1,042 | €83 | -€959 | -92.0% |
| Furniture and vehicles | 24 | €3,905 | €2,799 | -€1,106 | -28.3% |
| Current assets | 29/58 | €155,245 | €65,574 | -€89,672 | -57.8% |
| Amounts receivable within one year | 40/41 | €79,929 | €35,012 | -€44,917 | -56.2% |
| Trade receivables | 40 | €79,929 | €34,982 | -€44,947 | -56.2% |
| Other amounts receivable | 41 | - | €30 | +€30 | |
| Cash at bank and in hand | 54/58 | €74,985 | €29,885 | -€45,100 | -60.1% |
| Deferred charges and accrued income | 490/1 | €331 | €677 | +€346 | +104.4% |
| Total equity and liabilities | 10/49 | €160,192 | €68,455 | -€91,737 | -57.3% |
| Equity | 10/15 | -€5,368 | -€54,731 | -€49,363 | -919.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,368 | -€59,731 | -€49,363 | -476.1% |
| Amounts payable | 17/49 | €165,560 | €123,186 | -€42,374 | -25.6% |
| Amounts payable within one year | 42/48 | €165,160 | €119,346 | -€45,814 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €116,782 | €87,760 | -€29,023 | -24.9% |
| Trade debts | 44 | €8,199 | €2,476 | -€5,723 | -69.8% |
| Suppliers | 440/4 | €8,199 | €2,476 | -€5,723 | -69.8% |
| Taxes, remuneration and social security | 45 | €31,910 | €20,587 | -€11,323 | -35.5% |
| Taxes | 450/3 | €31,910 | €20,587 | -€11,323 | -35.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,269 | €8,525 | +€256 | +3.1% |
| Accrued charges and deferred income | 492/3 | €400 | €3,840 | +€3,440 | +860.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €2,065 | -€219 | -9.6% |
| Other operating charges | 640/8 | €228 | €615 | +€388 | +170.2% |
| Gross operating margin | 9900 | €689 | -€46,284 | -€46,972 | |
| Operating profit (loss) | 9901 | -€1,823 | -€48,964 | -€47,141 | -2586.1% |
| Financial income | 75/76B | €36 | €3 | -€33 | -91.6% |
| Recurring financial income | 75 | €36 | €3 | -€33 | -91.6% |
| Financial charges | 65/66B | €263 | €402 | +€139 | +53.1% |
| Recurring financial charges | 65 | €263 | €402 | +€139 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,049 | -€49,363 | -€47,314 | -2308.8% |
| Profit (loss) for the period | 9904 | -€2,049 | -€49,363 | -€47,314 | -2308.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,049 | -€49,363 | -€47,314 | -2308.8% |
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 1 October 2026 via checked.be.