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
- Receivables within one year +€1.6m
up €1.6m (+86.2%), from €1.8m to €3.4m
of which Other amounts receivable: +€1.3m
- Cash -€715,540
down €715,540 (-69.2%), from €1.0m to €318,609
mainly Receivables within one year (-€1.6m) and Advances received (-€1.1m)
- Stocks and contracts -€662,066
down €662,066 (-42.1%), from €1.6m to €910,547
- Tangible fixed assets -€53,570
down €53,570 (-17.4%), from €308,444 to €254,874
of which Furniture and vehicles: -€36,817
- Short-term financial debts +€1.6m
up €1.6m (+714%), from €225,000 to €1.8m
- Advances received -€1.1m
down €1.1m (-64.0%), from €1.7m to €595,150
- Reserves -€497,875
down €497,875 (-19.4%), from €2.6m to €2.1m
- Trade debts +€63,285
up €63,285 (+55.8%), from €113,330 to €176,615
- Tax, wage and social debts +€50,093
up €50,093 (+58.1%), from €86,286 to €136,378
of which Taxes: +€47,709
- Gross operating margin +€62,197
up €62,197 (+7.9%), from €783,860 to €846,057
- Financial income -€34,315
down €34,315 (-29.9%), from €114,758 to €80,444
- Financial charges -€27,359
down €27,359 (-57.3%), from €47,778 to €20,419
- Staff costs +€20,058
up €20,058 (+61.5%), from €32,590 to €52,647
- Taxes +€17,145
up €17,145 (+7.1%), from €241,894 to €259,039
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 | €4,779,494 | €4,925,921 | +€146,427 | +3.1% |
| Fixed assets | 21/28 | €338,844 | €286,874 | -€51,970 | -15.3% |
| Tangible fixed assets | 22/27 | €308,444 | €254,874 | -€53,570 | -17.4% |
| Land and buildings | 22 | €222,521 | €206,553 | -€15,967 | -7.2% |
| Plant, machinery and equipment | 23 | €1,233 | €448 | -€786 | -63.7% |
| Furniture and vehicles | 24 | €84,690 | €47,873 | -€36,817 | -43.5% |
| Financial fixed assets | 28 | €30,400 | €32,000 | +€1,600 | +5.3% |
| Current assets | 29/58 | €4,440,650 | €4,639,047 | +€198,397 | +4.5% |
| Stocks and contracts in progress | 3 | €1,572,612 | €910,547 | -€662,066 | -42.1% |
| Stocks | 30/36 | €1,572,612 | €910,547 | -€662,066 | -42.1% |
| Amounts receivable within one year | 40/41 | €1,824,832 | €3,397,185 | +€1.6m | +86.2% |
| Trade receivables | 40 | €43,946 | €304,580 | +€260,634 | +593% |
| Other amounts receivable | 41 | €1,780,886 | €3,092,605 | +€1.3m | +73.7% |
| Cash at bank and in hand | 54/58 | €1,034,150 | €318,609 | -€715,540 | -69.2% |
| Deferred charges and accrued income | 490/1 | €9,056 | €12,706 | +€3,650 | +40.3% |
| Total equity and liabilities | 10/49 | €4,779,494 | €4,925,921 | +€146,427 | +3.1% |
| Equity | 10/15 | €2,583,592 | €2,085,716 | -€497,875 | -19.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,563,592 | €2,065,716 | -€497,875 | -19.4% |
| Distributable reserves | 133 | €2,563,592 | €2,065,716 | -€497,875 | -19.4% |
| Amounts payable | 17/49 | €2,195,902 | €2,840,205 | +€644,303 | +29.3% |
| Amounts payable within one year | 42/48 | €2,193,239 | €2,840,108 | +€646,870 | +29.5% |
| Financial debts | 43 | €225,000 | €1,831,974 | +€1.6m | +714% |
| Credit institutions | 430/8 | €225,000 | €1,831,974 | +€1.6m | +714% |
| Trade debts | 44 | €113,330 | €176,615 | +€63,285 | +55.8% |
| Suppliers | 440/4 | €113,330 | €176,615 | +€63,285 | +55.8% |
| Advances received on contracts in progress | 46 | €1,653,822 | €595,150 | -€1.1m | -64.0% |
| Taxes, remuneration and social security | 45 | €86,286 | €136,378 | +€50,093 | +58.1% |
| Taxes | 450/3 | €78,165 | €125,875 | +€47,709 | +61.0% |
| Remuneration and social security | 454/9 | €8,120 | €10,504 | +€2,383 | +29.4% |
| Other amounts payable | 47/48 | €114,801 | €99,991 | -€14,810 | -12.9% |
| Accrued charges and deferred income | 492/3 | €2,664 | €97 | -€2,567 | -96.4% |
| Remuneration, social security and pensions | 62 | €32,590 | €52,647 | +€20,058 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,151 | €53,570 | -€1,582 | -2.9% |
| Other operating charges | 640/8 | €11,954 | €15,759 | +€3,805 | +31.8% |
| Gross operating margin | 9900 | €783,860 | €846,057 | +€62,197 | +7.9% |
| Operating profit (loss) | 9901 | €684,165 | €724,081 | +€39,915 | +5.8% |
| Financial income | 75/76B | €114,758 | €80,444 | -€34,315 | -29.9% |
| Recurring financial income | 75 | €114,758 | €80,444 | -€34,315 | -29.9% |
| Financial charges | 65/66B | €47,778 | €20,419 | -€27,359 | -57.3% |
| Recurring financial charges | 65 | €47,778 | €20,419 | -€27,359 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €751,146 | €784,106 | +€32,960 | +4.4% |
| Income taxes | 67/77 | €241,894 | €259,039 | +€17,145 | +7.1% |
| Profit (loss) for the period | 9904 | €509,252 | €525,067 | +€15,815 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €509,252 | €525,067 | +€15,815 | +3.1% |
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 16 October 2026 via checked.be.