CoBUILD: 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.
CoBUILD
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Stocks and contracts -€169,156
down €169,156 (-1.9%), from €9.1m to €8.9m
- Advances received -€963,949
down €963,949 (-11.3%), from €8.5m to €7.5m
- Reserves +€336,483
up €336,483 (+91.2%), from €369,136 to €705,619
- Trade debts -€295,866
no longer reported in 2025 (was €295,866)
- Profit (loss) carried forward +€106,281
no longer reported in 2025 (was -€106,281)
- Gross operating margin +€693,421
up €693,421, from -€72,918 to €620,503
- Taxes +€157,639
up €157,639 (+17,115%), from €921 to €158,560
- Depreciation -€18,749
down €18,749 (-96.5%), from €19,419 to €670
- Financial charges +€7,442
up €7,442 (+65.2%), from €11,415 to €18,856
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 | €9,981,009 | €9,153,074 | -€827,935 | -8.3% |
| Fixed assets | 21/28 | €683 | €13 | -€670 | -98.1% |
| Tangible fixed assets | 22/27 | €670 | - | -€670 | |
| Furniture and vehicles | 24 | €670 | - | -€670 | |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €9,980,326 | €9,153,061 | -€827,265 | -8.3% |
| Stocks and contracts in progress | 3 | €9,111,522 | €8,942,365 | -€169,156 | -1.9% |
| Stocks | 30/36 | €9,111,522 | €8,942,365 | -€169,156 | -1.9% |
| Amounts receivable within one year | 40/41 | €293,166 | €201,317 | -€91,849 | -31.3% |
| Trade receivables | 40 | €118,434 | €185,135 | +€66,701 | +56.3% |
| Other amounts receivable | 41 | €174,731 | €16,181 | -€158,550 | -90.7% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €72,656 | €6,280 | -€66,376 | -91.4% |
| Deferred charges and accrued income | 490/1 | €2,983 | €3,099 | +€117 | +3.9% |
| Total equity and liabilities | 10/49 | €9,981,009 | €9,153,074 | -€827,935 | -8.3% |
| Equity | 10/15 | €281,455 | €724,219 | +€442,764 | +157% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €369,136 | €705,619 | +€336,483 | +91.2% |
| Distributable reserves | 133 | €369,136 | €705,619 | +€336,483 | +91.2% |
| Profit (loss) carried forward | 14 | -€106,281 | - | +€106,281 | |
| Amounts payable | 17/49 | €9,699,554 | €8,428,855 | -€1.3m | -13.1% |
| Amounts payable within one year | 42/48 | €9,699,554 | €8,428,855 | -€1.3m | -13.1% |
| Current portion of amounts payable after more than one year | 42 | - | €25,254 | +€25,254 | |
| Trade debts | 44 | €295,866 | - | -€295,866 | |
| Suppliers | 440/4 | €295,866 | - | -€295,866 | |
| Advances received on contracts in progress | 46 | €8,509,914 | €7,545,966 | -€963,949 | -11.3% |
| Taxes, remuneration and social security | 45 | €36,932 | €33,773 | -€3,159 | -8.6% |
| Taxes | 450/3 | €36,932 | €33,773 | -€3,159 | -8.6% |
| Other amounts payable | 47/48 | €856,841 | €823,862 | -€32,979 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,419 | €670 | -€18,749 | -96.5% |
| Other operating charges | 640/8 | €6,253 | €2,370 | -€3,883 | -62.1% |
| Gross operating margin | 9900 | -€72,918 | €620,503 | +€693,421 | |
| Operating profit (loss) | 9901 | -€98,590 | €617,463 | +€716,053 | |
| Financial income | 75/76B | €4,645 | €2,717 | -€1,928 | -41.5% |
| Recurring financial income | 75 | €4,645 | €2,717 | -€1,928 | -41.5% |
| Financial charges | 65/66B | €11,415 | €18,856 | +€7,442 | +65.2% |
| Recurring financial charges | 65 | €11,415 | €18,856 | +€7,442 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | -€105,360 | €601,324 | +€706,683 | |
| Income taxes | 67/77 | €921 | €158,560 | +€157,639 | +17,115% |
| Profit (loss) for the period | 9904 | -€106,281 | €442,764 | +€549,045 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,281 | €442,764 | +€549,045 |
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.