CO-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.
CO-BUILD
Largest movements
- Receivables within one year -€20,238
down €20,238 (-23.1%), from €87,727 to €67,490
of which Trade receivables: -€54,046
- Stocks and contracts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Intangible fixed assets +€4,583
new in 2025: €4,583
- Cash -€4,137
down €4,137 (-69.4%), from €5,962 to €1,825
mainly Trade debts (-€24,545) and Other debts (-€10,616)
- Tangible fixed assets -€2,804
down €2,804 (-9.3%), from €30,171 to €27,367
of which Furniture and vehicles: -€1,788
- Trade debts -€24,545
down €24,545 (-67.7%), from €36,281 to €11,736
- Other debts -€10,616
down €10,616 (-67.8%), from €15,653 to €5,037
- Staff costs -€58,601
down €58,601 (-46.5%), from €126,030 to €67,429
- Gross operating margin -€49,497
down €49,497 (-42.5%), from €116,397 to €66,900
- Financial income +€2,724
up €2,724 (+42.1%), from €6,472 to €9,197
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 | €145,747 | €111,602 | -€34,144 | -23.4% |
| Fixed assets | 21/28 | €30,171 | €31,950 | +€1,779 | +5.9% |
| Intangible fixed assets | 21 | - | €4,583 | +€4,583 | |
| Tangible fixed assets | 22/27 | €30,171 | €27,367 | -€2,804 | -9.3% |
| Plant, machinery and equipment | 23 | €17,214 | €16,807 | -€408 | -2.4% |
| Furniture and vehicles | 24 | €10,512 | €8,725 | -€1,788 | -17.0% |
| Other tangible fixed assets | 26 | €2,445 | €1,836 | -€609 | -24.9% |
| Current assets | 29/58 | €115,575 | €79,652 | -€35,923 | -31.1% |
| Stocks and contracts in progress | 3 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Stocks | 30/36 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €87,727 | €67,490 | -€20,238 | -23.1% |
| Trade receivables | 40 | €69,497 | €15,451 | -€54,046 | -77.8% |
| Other amounts receivable | 41 | €18,231 | €52,038 | +€33,808 | +185% |
| Cash at bank and in hand | 54/58 | €5,962 | €1,825 | -€4,137 | -69.4% |
| Deferred charges and accrued income | 490/1 | €1,886 | €338 | -€1,548 | -82.1% |
| Total equity and liabilities | 10/49 | €145,747 | €111,602 | -€34,144 | -23.4% |
| Equity | 10/15 | €90,234 | €90,727 | +€493 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,956 | €87,956 | = | 0.0% |
| Distributable reserves | 133 | €87,956 | €87,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,122 | -€9,629 | +€493 | +4.9% |
| Amounts payable | 17/49 | €55,512 | €20,875 | -€34,637 | -62.4% |
| Amounts payable within one year | 42/48 | €55,512 | €20,875 | -€34,637 | -62.4% |
| Trade debts | 44 | €36,281 | €11,736 | -€24,545 | -67.7% |
| Suppliers | 440/4 | €36,281 | €11,736 | -€24,545 | -67.7% |
| Taxes, remuneration and social security | 45 | €3,579 | €4,103 | +€524 | +14.6% |
| Taxes | 450/3 | €1,652 | €2,455 | +€803 | +48.6% |
| Remuneration and social security | 454/9 | €1,927 | €1,648 | -€279 | -14.5% |
| Other amounts payable | 47/48 | €15,653 | €5,037 | -€10,616 | -67.8% |
| Remuneration, social security and pensions | 62 | €126,030 | €67,429 | -€58,601 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,444 | €6,009 | +€565 | +10.4% |
| Other operating charges | 640/8 | €834 | €462 | -€372 | -44.6% |
| Gross operating margin | 9900 | €116,397 | €66,900 | -€49,497 | -42.5% |
| Operating profit (loss) | 9901 | -€15,912 | -€7,000 | +€8,911 | +56.0% |
| Financial income | 75/76B | €6,472 | €9,197 | +€2,724 | +42.1% |
| Recurring financial income | 75 | €6,472 | €9,197 | +€2,724 | +42.1% |
| Financial charges | 65/66B | €384 | €554 | +€170 | +44.2% |
| Recurring financial charges | 65 | €384 | €554 | +€170 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,824 | €1,643 | +€11,466 | |
| Income taxes | 67/77 | €298 | €1,150 | +€851 | +285% |
| Profit (loss) for the period | 9904 | -€10,122 | €493 | +€10,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,122 | €493 | +€10,615 |
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 23 October 2026 via checked.be.