Design + 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.
Design + Build
Largest movements
- Stocks and contracts -€499,570
down €499,570 (-64.1%), from €779,570 to €280,000
- Cash +€382,419
up €382,419 (+390.4%), from €97,966 to €480,385
mainly Stocks and contracts (+€499,570) and Net result for the year (+€237,759)
- Receivables within one year -€16,879
down €16,879 (-63.4%), from €26,632 to €9,753
of which Other amounts receivable: -€10,496
- Short-term financial debts -€500,000
down €500,000 (-71.4%), from €700,000 to €200,000
- Profit (loss) carried forward +€285,610
up €285,610, from -€47,851 to €237,759
- Tax, wage and social debts +€70,878
up €70,878 (+1619.3%), from €4,377 to €75,255
- Reserves -€47,851
down €47,851 (-29.1%), from €164,341 to €116,490
- Other debts +€31,245
up €31,245 (+37.5%), from €83,263 to €114,508
- Gross operating margin +€321,608
up €321,608, from -€5,754 to €315,854
- Taxes +€64,672
new in 2025: €64,672
- Financial charges +€6,876
up €6,876 (+231.6%), from €2,969 to €9,845
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 | €910,445 | €773,778 | -€136,667 | -15.0% |
| Fixed assets | 21/28 | €6,277 | €3,544 | -€2,733 | -43.5% |
| Tangible fixed assets | 22/27 | €6,277 | €3,544 | -€2,733 | -43.5% |
| Plant, machinery and equipment | 23 | €3,271 | €1,417 | -€1,854 | -56.7% |
| Furniture and vehicles | 24 | €3,006 | €2,127 | -€879 | -29.2% |
| Current assets | 29/58 | €904,168 | €770,234 | -€133,934 | -14.8% |
| Stocks and contracts in progress | 3 | €779,570 | €280,000 | -€499,570 | -64.1% |
| Stocks | 30/36 | €779,570 | €280,000 | -€499,570 | -64.1% |
| Amounts receivable within one year | 40/41 | €26,632 | €9,753 | -€16,879 | -63.4% |
| Trade receivables | 40 | €16,136 | €9,753 | -€6,383 | -39.6% |
| Other amounts receivable | 41 | €10,496 | - | -€10,496 | |
| Cash at bank and in hand | 54/58 | €97,966 | €480,385 | +€382,419 | +390.4% |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €910,445 | €773,778 | -€136,667 | -15.0% |
| Equity | 10/15 | €117,490 | €355,249 | +€237,759 | +202.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €164,341 | €116,490 | -€47,851 | -29.1% |
| Distributable reserves | 133 | €164,341 | €116,490 | -€47,851 | -29.1% |
| Profit (loss) carried forward | 14 | -€47,851 | €237,759 | +€285,610 | |
| Amounts payable | 17/49 | €792,955 | €418,529 | -€374,426 | -47.2% |
| Amounts payable within one year | 42/48 | €792,955 | €418,529 | -€374,426 | -47.2% |
| Financial debts | 43 | €700,000 | €200,000 | -€500,000 | -71.4% |
| Other loans | 439 | €700,000 | €200,000 | -€500,000 | -71.4% |
| Trade debts | 44 | €5,315 | €28,766 | +€23,451 | +441.2% |
| Suppliers | 440/4 | €5,315 | €28,766 | +€23,451 | +441.2% |
| Taxes, remuneration and social security | 45 | €4,377 | €75,255 | +€70,878 | +1619.3% |
| Taxes | 450/3 | €4,377 | €75,255 | +€70,878 | +1619.3% |
| Other amounts payable | 47/48 | €83,263 | €114,508 | +€31,245 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,006 | €2,733 | -€273 | -9.1% |
| Other operating charges | 640/8 | €141 | €845 | +€704 | +499.3% |
| Gross operating margin | 9900 | -€5,754 | €315,854 | +€321,608 | |
| Operating profit (loss) | 9901 | -€8,901 | €312,276 | +€321,177 | |
| Financial charges | 65/66B | €2,969 | €9,845 | +€6,876 | +231.6% |
| Recurring financial charges | 65 | €2,969 | €9,845 | +€6,876 | +231.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,870 | €302,431 | +€314,301 | |
| Income taxes | 67/77 | - | €64,672 | +€64,672 | |
| Profit (loss) for the period | 9904 | -€11,870 | €237,759 | +€249,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,870 | €237,759 | +€249,629 |
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.