GUIDE TO BUILDING: 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.
GUIDE TO BUILDING
Largest movements
- Tangible fixed assets -€19,559
down €19,559 (-4.4%), from €447,510 to €427,950
- Financial fixed assets -€10,371
down €10,371 (-5.7%), from €183,416 to €173,045
- Debts after one year -€39,202
down €39,202 (-8.3%), from €474,580 to €435,378
- Gross operating margin -€2,882
down €2,882 (-6.0%), from €47,690 to €44,807
- Financial charges -€1,009
down €1,009 (-6.4%), from €15,736 to €14,727
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 | €676,998 | €643,708 | -€33,290 | -4.9% |
| Fixed assets | 21/28 | €630,926 | €600,995 | -€29,931 | -4.7% |
| Tangible fixed assets | 22/27 | €447,510 | €427,950 | -€19,559 | -4.4% |
| Land and buildings | 22 | €447,510 | €427,950 | -€19,559 | -4.4% |
| Financial fixed assets | 28 | €183,416 | €173,045 | -€10,371 | -5.7% |
| Current assets | 29/58 | €46,073 | €42,713 | -€3,360 | -7.3% |
| Cash at bank and in hand | 54/58 | €46,073 | €42,713 | -€3,360 | -7.3% |
| Total equity and liabilities | 10/49 | €676,998 | €643,708 | -€33,290 | -4.9% |
| Equity | 10/15 | €160,940 | €165,238 | +€4,299 | +2.7% |
| Contributions | 10/11 | €183,000 | €183,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,060 | -€17,762 | +€4,299 | +19.5% |
| Amounts payable | 17/49 | €516,059 | €478,470 | -€37,589 | -7.3% |
| Amounts payable after more than one year | 17 | €474,580 | €435,378 | -€39,202 | -8.3% |
| Financial debts | 170/4 | €474,580 | €435,378 | -€39,202 | -8.3% |
| Amounts payable within one year | 42/48 | €41,479 | €39,202 | -€2,277 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €41,479 | €39,202 | -€2,277 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €3,890 | +€3,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,559 | €19,559 | = | 0.0% |
| Other operating charges | 640/8 | €6,394 | €6,614 | +€220 | +3.4% |
| Gross operating margin | 9900 | €47,690 | €44,807 | -€2,882 | -6.0% |
| Operating profit (loss) | 9901 | €21,736 | €18,634 | -€3,103 | -14.3% |
| Financial income | 75/76B | - | €307 | +€307 | |
| Recurring financial income | 75 | - | €307 | +€307 | |
| Financial charges | 65/66B | €15,736 | €14,727 | -€1,009 | -6.4% |
| Recurring financial charges | 65 | €15,736 | €14,727 | -€1,009 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €6,000 | €4,213 | -€1,787 | -29.8% |
| Income taxes | 67/77 | €177 | -€85 | -€263 | |
| Profit (loss) for the period | 9904 | €5,823 | €4,299 | -€1,524 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,823 | €4,299 | -€1,524 | -26.2% |
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 15 October 2026 via checked.be.