C-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.
C-Build
Largest movements
- Cash +€61,907
up €61,907 (+619.3%), from €9,997 to €71,904
mainly Stocks and contracts (+€28,170) and Short-term financial debts (+€20,723)
- Stocks and contracts -€28,170
down €28,170 (-12.4%), from €226,290 to €198,120
- Receivables within one year +€5,134
new in 2025: €5,134
- Short-term financial debts +€20,723
up €20,723 (+12.2%), from €169,777 to €190,500
of which Other loans: +€12,500
- Other debts +€11,085
up €11,085 (+85.3%), from €12,999 to €24,084
- Accrued charges and deferred income +€8,106
up €8,106 (+648.5%), from €1,250 to €9,356
- Reserves +€3,001
up €3,001 (+16.1%), from €18,687 to €21,688
- Gross operating margin -€14,365
down €14,365 (-48.3%), from €29,738 to €15,373
- Financial charges +€5,210
up €5,210 (+90.6%), from €5,749 to €10,959
- Taxes -€3,665
down €3,665 (-76.0%), from €4,822 to €1,157
- Other operating charges -€401
down €401 (-75.8%), from €529 to €128
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 | €236,287 | €277,429 | +€41,142 | +17.4% |
| Fixed assets | 21/28 | - | €2,271 | +€2,271 | |
| Tangible fixed assets | 22/27 | - | €2,271 | +€2,271 | |
| Plant, machinery and equipment | 23 | - | €2,271 | +€2,271 | |
| Current assets | 29/58 | €236,287 | €275,158 | +€38,871 | +16.5% |
| Stocks and contracts in progress | 3 | €226,290 | €198,120 | -€28,170 | -12.4% |
| Stocks | 30/36 | €226,290 | €198,120 | -€28,170 | -12.4% |
| Amounts receivable within one year | 40/41 | - | €5,134 | +€5,134 | |
| Trade receivables | 40 | - | €5,134 | +€5,134 | |
| Cash at bank and in hand | 54/58 | €9,997 | €71,904 | +€61,907 | +619.3% |
| Total equity and liabilities | 10/49 | €236,287 | €277,429 | +€41,142 | +17.4% |
| Equity | 10/15 | €43,687 | €46,688 | +€3,001 | +6.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €18,687 | €21,688 | +€3,001 | +16.1% |
| Distributable reserves | 133 | €18,687 | €21,688 | +€3,001 | +16.1% |
| Amounts payable | 17/49 | €192,600 | €230,741 | +€38,141 | +19.8% |
| Amounts payable within one year | 42/48 | €191,350 | €221,385 | +€30,035 | +15.7% |
| Financial debts | 43 | €169,777 | €190,500 | +€20,723 | +12.2% |
| Credit institutions | 430/8 | €144,777 | €153,000 | +€8,223 | +5.7% |
| Other loans | 439 | €25,000 | €37,500 | +€12,500 | +50.0% |
| Trade debts | 44 | €2,593 | - | -€2,593 | |
| Suppliers | 440/4 | €2,593 | - | -€2,593 | |
| Taxes, remuneration and social security | 45 | €5,981 | €6,801 | +€820 | +13.7% |
| Taxes | 450/3 | €5,981 | €6,801 | +€820 | +13.7% |
| Other amounts payable | 47/48 | €12,999 | €24,084 | +€11,085 | +85.3% |
| Accrued charges and deferred income | 492/3 | €1,250 | €9,356 | +€8,106 | +648.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €150 | +€150 | |
| Other operating charges | 640/8 | €529 | €128 | -€401 | -75.8% |
| Gross operating margin | 9900 | €29,738 | €15,373 | -€14,365 | -48.3% |
| Operating profit (loss) | 9901 | €29,209 | €15,095 | -€14,114 | -48.3% |
| Financial income | 75/76B | €49 | €22 | -€27 | -55.1% |
| Recurring financial income | 75 | €49 | €22 | -€27 | -55.1% |
| Financial charges | 65/66B | €5,749 | €10,959 | +€5,210 | +90.6% |
| Recurring financial charges | 65 | €5,749 | €10,959 | +€5,210 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €23,509 | €4,158 | -€19,351 | -82.3% |
| Income taxes | 67/77 | €4,822 | €1,157 | -€3,665 | -76.0% |
| Profit (loss) for the period | 9904 | €18,687 | €3,001 | -€15,686 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,687 | €3,001 | -€15,686 | -83.9% |
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 11 October 2026 via checked.be.