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FORCE BUILD: 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

FORCE BUILD

BE 1007.123.680
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,415
2024 · €15,311-€16,726
Equity
€16,895
2024 · €18,311-€1,415
Cash
€20,949
2024 · €9,796+€11,153
Balance sheet total
€42,999
2024 · €34,611+€8,388

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€16,096

    down €16,096 (-65.1%), from €24,709 to €8,613

    of which Trade receivables: -€10,382

  • Tangible fixed assets +€13,438

    new in 2025: €13,438

  • Cash +€11,153

    up €11,153 (+113.8%), from €9,796 to €20,949

    mainly Receivables within one year (+€16,096) and Other debts (+€9,000)

Equity and liabilities
  • Other debts +€9,000

    new in 2025: €9,000

  • Trade debts +€7,320

    up €7,320 (+489.4%), from €1,496 to €8,816

  • Tax, wage and social debts -€6,517

    down €6,517 (-44.0%), from €14,805 to €8,288

    of which Taxes: -€4,000

  • Profit (loss) carried forward -€1,415

    down €1,415, from €311 to -€1,105

Income statement
  • Gross operating margin -€23,712

    down €23,712, from €22,416 to -€1,296

  • Taxes -€6,000

    no longer reported in 2025 (was €6,000)

  • Depreciation -€1,050

    down €1,050 (-89.9%), from €1,169 to €119

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 €15,311
Gross operating margin -€23,712
Depreciation +€1,050
Financial income -€15
Financial charges -€49
Taxes +€6,000
Result 2025 -€1,415

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 +€24,603
Investment -€13,450
Financing €0
Cash 2024 €9,796
Net result for the year -€1,415
Depreciation +€119
Receivables within one year +€16,096
Trade debts +€7,320
Tax, wage and social debts -€6,517
Other debts +€9,000
Investment in fixed assets (net) -€13,450
Cash 2025 €20,949
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €34,611 €42,999 +€8,388 +24.2%
Formation expenses 20 €106 €0 -€106 -100.0%
Fixed assets 21/28 - €13,438 +€13,438
Tangible fixed assets 22/27 - €13,438 +€13,438
Furniture and vehicles 24 - €13,438 +€13,438
Current assets 29/58 €34,505 €29,561 -€4,943 -14.3%
Amounts receivable within one year 40/41 €24,709 €8,613 -€16,096 -65.1%
Trade receivables 40 €17,898 €7,516 -€10,382 -58.0%
Other amounts receivable 41 €6,811 €1,097 -€5,714 -83.9%
Cash at bank and in hand 54/58 €9,796 €20,949 +€11,153 +113.8%
Total equity and liabilities 10/49 €34,611 €42,999 +€8,388 +24.2%
Equity 10/15 €18,311 €16,895 -€1,415 -7.7%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €15,000 €15,000 = 0.0%
Distributable reserves 133 €15,000 €15,000 = 0.0%
Profit (loss) carried forward 14 €311 -€1,105 -€1,415
Amounts payable 17/49 €16,300 €26,104 +€9,803 +60.1%
Amounts payable within one year 42/48 €16,300 €26,104 +€9,803 +60.1%
Trade debts 44 €1,496 €8,816 +€7,320 +489.4%
Suppliers 440/4 €1,496 €8,816 +€7,320 +489.4%
Taxes, remuneration and social security 45 €14,805 €8,288 -€6,517 -44.0%
Taxes 450/3 €6,000 €2,000 -€4,000 -66.7%
Remuneration and social security 454/9 €8,804 €6,287 -€2,517 -28.6%
Other amounts payable 47/48 - €9,000 +€9,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,169 €119 -€1,050 -89.9%
Gross operating margin 9900 €22,416 -€1,296 -€23,712
Operating profit (loss) 9901 €21,247 -€1,415 -€22,662
Financial income 75/76B €189 €174 -€15 -8.1%
Recurring financial income 75 €189 €174 -€15 -8.1%
Financial charges 65/66B €125 €175 +€49 +39.6%
Recurring financial charges 65 €125 €175 +€49 +39.6%
Profit (loss) for the period before taxes 9903 €21,311 -€1,415 -€22,727
Income taxes 67/77 €6,000 - -€6,000
Profit (loss) for the period 9904 €15,311 -€1,415 -€16,726
Profit (loss) for the period to be appropriated 9905 €15,311 -€1,415 -€16,726

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 30 September 2026 via checked.be.