GB BUILD: what changed
What changed
GB BUILD
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€72,646
2024 · €103,723-€31,077
Equity
€525,731
2024 · €513,705+€12,026
Cash
€25,595
2024 · €37,239-€11,644
Balance sheet total
€2.2m
2024 · €2.0m+€169,468
Largest movements
Assets
- Stocks and contracts +€171,491
up €171,491 (+160%), from €107,134 to €278,625
of which Stocks: +€237,386
Equity and liabilities
- Trade debts +€79,587
up €79,587 (+40.8%), from €194,945 to €274,532
- Other debts +€25,125
up €25,125 (+9.9%), from €253,252 to €278,376
- Accrued charges and deferred income +€24,097
up €24,097 (+283%), from €8,513 to €32,610
- Current portion of long-term debt +€22,663
up €22,663 (+26.4%), from €85,824 to €108,488
Income statement
- Staff costs +€60,980
up €60,980 (+108%), from €56,438 to €117,418
- Gross operating margin +€30,058
up €30,058 (+8.1%), from €372,611 to €402,669
- Depreciation +€27,729
up €27,729 (+28.7%), from €96,590 to €124,319
- Financial charges -€21,414
down €21,414 (-31.5%), from €68,017 to €46,604
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,723
Gross operating margin
+€30,058
Staff costs
-€60,980
Depreciation
-€27,729
Write-downs
+€750
Other operating charges
+€1,598
Other operating items
+€441
Financial income
+€180
Financial charges
+€21,414
Taxes
-€3,464
Deferred taxes and other
+€6,656
Result 2025
€72,646
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€162,790
Investment
-€136,831
Financing
-€37,603
Cash 2024
€37,239
From operations (derived)
+€162,790
Net result for the year
+€72,646
Depreciation
+€124,319
Stocks and contracts
-€171,491
Receivables within one year
+€2,870
Deferred charges and accrued income
+€21
Provisions
-€581
Trade debts
+€79,587
Tax, wage and social debts
+€6,197
Other debts
+€25,125
Accrued charges and deferred income
+€24,097
Investment (derived)
-€136,831
Investment in fixed assets (net)
-€136,831
Financing
-€37,603
Debts after one year
+€559
Current portion of long-term debt
+€22,663
Short-term financial debts
-€204
Contributions, distributions and other
-€60,620
Cash 2025
€25,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,995,556 | €2,165,024 | +€169,468 | +8.5% |
| Fixed assets | 21/28 | €1,238,384 | €1,250,896 | +€12,512 | +1.0% |
| Tangible fixed assets | 22/27 | €1,238,114 | €1,250,626 | +€12,512 | +1.0% |
| Land and buildings | 22 | €1,107,353 | €1,072,666 | -€34,687 | -3.1% |
| Plant, machinery and equipment | 23 | €37,070 | €21,946 | -€15,124 | -40.8% |
| Furniture and vehicles | 24 | €93,690 | €156,014 | +€62,323 | +66.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €757,172 | €914,128 | +€156,956 | +20.7% |
| Stocks and contracts in progress | 3 | €107,134 | €278,625 | +€171,491 | +160% |
| Stocks | 30/36 | €41,239 | €278,625 | +€237,386 | +576% |
| Contracts in progress | 37 | €65,895 | €0 | -€65,895 | -100% |
| Amounts receivable within one year | 40/41 | €599,412 | €596,541 | -€2,870 | -0.5% |
| Trade receivables | 40 | €540,137 | €567,514 | +€27,377 | +5.1% |
| Other amounts receivable | 41 | €59,274 | €29,027 | -€30,247 | -51.0% |
| Cash at bank and in hand | 54/58 | €37,239 | €25,595 | -€11,644 | -31.3% |
| Deferred charges and accrued income | 490/1 | €13,388 | €13,367 | -€21 | -0.2% |
| Total equity and liabilities | 10/49 | €1,995,556 | €2,165,024 | +€169,468 | +8.5% |
| Equity | 10/15 | €513,705 | €525,731 | +€12,026 | +2.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €463,705 | €475,731 | +€12,026 | +2.6% |
| Tax-exempt reserves | 132 | €24,299 | €21,975 | -€2,324 | -9.6% |
| Distributable reserves | 133 | €439,406 | €453,756 | +€14,350 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,075 | €5,494 | -€581 | -9.6% |
| Deferred taxes | 168 | €6,075 | €5,494 | -€581 | -9.6% |
| Amounts payable | 17/49 | €1,475,776 | €1,633,799 | +€158,023 | +10.7% |
| Amounts payable after more than one year | 17 | €924,072 | €924,630 | +€559 | +0.1% |
| Financial debts | 170/4 | €921,597 | €922,155 | +€559 | +0.1% |
| Other amounts payable | 178/9 | €2,475 | €2,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €543,191 | €676,559 | +€133,367 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €85,824 | €108,488 | +€22,663 | +26.4% |
| Financial debts | 43 | €204 | €0 | -€204 | -100% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €204 | €0 | -€204 | -100% |
| Trade debts | 44 | €194,945 | €274,532 | +€79,587 | +40.8% |
| Suppliers | 440/4 | €194,945 | €274,532 | +€79,587 | +40.8% |
| Taxes, remuneration and social security | 45 | €8,966 | €15,163 | +€6,197 | +69.1% |
| Taxes | 450/3 | €6,746 | €10,278 | +€3,532 | +52.4% |
| Remuneration and social security | 454/9 | €2,220 | €4,885 | +€2,664 | +120% |
| Other amounts payable | 47/48 | €253,252 | €278,376 | +€25,125 | +9.9% |
| Accrued charges and deferred income | 492/3 | €8,513 | €32,610 | +€24,097 | +283% |
| Non-recurring operating income | 76A | €30,874 | €0 | -€30,874 | -100% |
| Remuneration, social security and pensions | 62 | €56,438 | €117,418 | +€60,980 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,590 | €124,319 | +€27,729 | +28.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €750 | €0 | -€750 | -100% |
| Other operating charges | 640/8 | €14,608 | €13,011 | -€1,598 | -10.9% |
| Non-recurring operating charges | 66A | €441 | €0 | -€441 | -100% |
| Gross operating margin | 9900 | €372,611 | €402,669 | +€30,058 | +8.1% |
| Operating profit (loss) | 9901 | €203,784 | €147,921 | -€55,863 | -27.4% |
| Financial income | 75/76B | €364 | €544 | +€180 | +49.3% |
| Recurring financial income | 75 | €364 | €544 | +€180 | +49.3% |
| Financial charges | 65/66B | €68,017 | €46,604 | -€21,414 | -31.5% |
| Recurring financial charges | 65 | €68,017 | €46,604 | -€21,414 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €136,130 | €101,861 | -€34,269 | -25.2% |
| Transfer from deferred taxes | 780 | - | €581 | +€581 | |
| Transfer to deferred taxes | 680 | €6,075 | €0 | -€6,075 | -100% |
| Income taxes | 67/77 | €26,332 | €29,796 | +€3,464 | +13.2% |
| Profit (loss) for the period | 9904 | €103,723 | €72,646 | -€31,077 | -30.0% |
| Transfer from tax-exempt reserves | 789 | - | €2,324 | +€2,324 | |
| Transfer to tax-exempt reserves | 689 | €24,299 | €0 | -€24,299 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €79,424 | €74,971 | -€4,454 | -5.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.