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FINBuild: what changed

Two fiscal 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.

What changed

FINBuild

BE 0805.885.601
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,385
2024 · -€58,656+€97,041
Equity
€79,729
2024 · €41,344+€38,385
Cash
€184,382
2024 · €69,217+€115,164
Balance sheet total
€1.3m
2024 · €1.3m+€54,956

Largest movements

2024 to 2025
Assets
  • Cash +€115,164

    up €115,164 (+166.4%), from €69,217 to €184,382

    mainly Stocks and contracts (+€101,000) and Trade debts (+€49,191)

  • Stocks and contracts -€101,000

    down €101,000 (-100.0%), from €101,000 to €0

  • Tangible fixed assets +€33,538

    up €33,538 (+3.0%), from €1.1m to €1.1m

Equity and liabilities
  • Trade debts +€49,191

    up €49,191 (+42.8%), from €114,969 to €164,160

  • Profit (loss) carried forward +€38,385

    up €38,385 (+65.4%), from -€58,656 to -€20,271

  • Debts after one year -€35,722

    down €35,722 (-3.3%), from €1.1m to €1.1m

    of which Financial debts: -€35,722

Income statement
  • Gross operating margin +€75,131

    up €75,131 (+288.0%), from €26,084 to €101,215

  • Depreciation -€25,354

    down €25,354 (-47.5%), from €53,391 to €28,037

  • Financial charges +€3,031

    up €3,031 (+9.9%), from €30,671 to €33,702

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€58,656
Gross operating margin +€75,131
Depreciation +€25,354
Other operating charges -€413
Financial charges -€3,031
Result 2025 €38,385

Cash bridge derived

cash 2024 to 2025

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.

From operations +€211,172
Investment -€61,575
Financing -€34,433
Cash 2024 €69,217
Net result for the year +€38,385
Depreciation +€28,037
Stocks and contracts +€101,000
Receivables within one year -€7,254
Trade debts +€49,191
Tax, wage and social debts +€1,813
Investment in fixed assets (net) -€61,575
Debts after one year -€35,722
Current portion of long-term debt +€1,289
Cash 2025 €184,382
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,285,217 €1,340,173 +€54,956 +4.3%
Fixed assets 21/28 €1,110,253 €1,143,791 +€33,538 +3.0%
Tangible fixed assets 22/27 €1,110,253 €1,143,791 +€33,538 +3.0%
Land and buildings 22 €1,110,253 €1,143,791 +€33,538 +3.0%
Current assets 29/58 €174,964 €196,382 +€21,418 +12.2%
Stocks and contracts in progress 3 €101,000 €0 -€101,000 -100.0%
Stocks 30/36 €101,000 €0 -€101,000 -100.0%
Amounts receivable within one year 40/41 €4,746 €12,000 +€7,254 +152.8%
Trade receivables 40 - €12,000 +€12,000
Other amounts receivable 41 €4,746 €0 -€4,746 -100.0%
Cash at bank and in hand 54/58 €69,217 €184,382 +€115,164 +166.4%
Total equity and liabilities 10/49 €1,285,217 €1,340,173 +€54,956 +4.3%
Equity 10/15 €41,344 €79,729 +€38,385 +92.8%
Contributions 10/11 €100,000 €100,000 = 0.0%
Profit (loss) carried forward 14 -€58,656 -€20,271 +€38,385 +65.4%
Amounts payable 17/49 €1,243,873 €1,260,444 +€16,571 +1.3%
Amounts payable after more than one year 17 €1,094,471 €1,058,749 -€35,722 -3.3%
Financial debts 170/4 €894,471 €858,749 -€35,722 -4.0%
Other amounts payable 178/9 €200,000 €200,000 = 0.0%
Amounts payable within one year 42/48 €149,402 €201,695 +€52,293 +35.0%
Current portion of amounts payable after more than one year 42 €34,433 €35,722 +€1,289 +3.7%
Trade debts 44 €114,969 €164,160 +€49,191 +42.8%
Suppliers 440/4 €114,969 €164,160 +€49,191 +42.8%
Taxes, remuneration and social security 45 - €1,813 +€1,813
Taxes 450/3 - €1,813 +€1,813
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €53,391 €28,037 -€25,354 -47.5%
Other operating charges 640/8 €678 €1,092 +€413 +60.9%
Gross operating margin 9900 €26,084 €101,215 +€75,131 +288.0%
Operating profit (loss) 9901 -€27,985 €72,087 +€100,072
Financial charges 65/66B €30,671 €33,702 +€3,031 +9.9%
Recurring financial charges 65 €30,671 €33,702 +€3,031 +9.9%
Profit (loss) for the period before taxes 9903 -€58,656 €38,385 +€97,041
Profit (loss) for the period 9904 -€58,656 €38,385 +€97,041
Profit (loss) for the period to be appropriated 9905 -€58,656 €38,385 +€97,041

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.