id*: 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
id*
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,818
2024 · -€133,955+€165,773
Equity
€556,690
2024 · €524,872+€31,818
Cash
€159,633
2024 · €144,306+€15,327
Balance sheet total
€1.7m
2024 · €1.6m+€118,554
Largest movements
Assets
- Receivables within one year +€108,278
up €108,278 (+25.6%), from €423,693 to €531,970
of which Other amounts receivable: +€102,729
- Stocks and contracts -€22,502
down €22,502 (-17.1%), from €131,514 to €109,011
of which Contracts in progress: -€23,520
Equity and liabilities
- Short-term financial debts +€250,000
up €250,000 (+506.3%), from €49,381 to €299,381
- Debts after one year -€166,282
down €166,282 (-25.9%), from €641,402 to €475,120
- Profit (loss) carried forward +€31,818
up €31,818 (+14.0%), from -€226,562 to -€194,744
Income statement
- Staff costs -€175,906
down €175,906 (-13.4%), from €1.3m to €1.1m
- Gross operating margin -€12,455
down €12,455 (-1.0%), from €1.2m to €1.2m
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.
Result 2024
-€133,955
Gross operating margin
-€12,455
Staff costs
+€175,906
Depreciation
-€7,963
Other operating charges
-€1,031
Financial income
+€2,911
Financial charges
+€8,387
Taxes
+€17
Result 2025
€31,818
Cash bridge derived
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
-€34,156
Investment
-€35,351
Financing
+€84,834
Cash 2024
€144,306
From operations (derived)
-€34,156
Net result for the year
+€31,818
Depreciation
+€21,548
Stocks and contracts
+€22,502
Receivables within one year
-€108,278
Deferred charges and accrued income
-€3,648
Trade debts
-€1,585
Tax, wage and social debts
+€1,383
Accrued charges and deferred income
+€2,104
Investment (derived)
-€35,351
Investment in fixed assets (net)
-€35,351
Financing
+€84,834
Debts after one year
-€166,282
Current portion of long-term debt
+€1,116
Short-term financial debts
+€250,000
Cash 2025
€159,633
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,609,051 | €1,727,604 | +€118,554 | +7.4% |
| Fixed assets | 21/28 | €894,519 | €908,323 | +€13,803 | +1.5% |
| Tangible fixed assets | 22/27 | €894,519 | €908,323 | +€13,803 | +1.5% |
| Land and buildings | 22 | €849,352 | €843,737 | -€5,615 | -0.7% |
| Plant, machinery and equipment | 23 | €1,352 | €18,683 | +€17,331 | +1282.1% |
| Furniture and vehicles | 24 | €43,816 | €45,902 | +€2,086 | +4.8% |
| Current assets | 29/58 | €714,531 | €819,282 | +€104,751 | +14.7% |
| Stocks and contracts in progress | 3 | €131,514 | €109,011 | -€22,502 | -17.1% |
| Stocks | 30/36 | €61,549 | €62,566 | +€1,017 | +1.7% |
| Contracts in progress | 37 | €69,965 | €46,445 | -€23,520 | -33.6% |
| Amounts receivable within one year | 40/41 | €423,693 | €531,970 | +€108,278 | +25.6% |
| Trade receivables | 40 | €373,368 | €378,917 | +€5,549 | +1.5% |
| Other amounts receivable | 41 | €50,324 | €153,053 | +€102,729 | +204.1% |
| Cash at bank and in hand | 54/58 | €144,306 | €159,633 | +€15,327 | +10.6% |
| Deferred charges and accrued income | 490/1 | €15,019 | €18,667 | +€3,648 | +24.3% |
| Total equity and liabilities | 10/49 | €1,609,051 | €1,727,604 | +€118,554 | +7.4% |
| Equity | 10/15 | €524,872 | €556,690 | +€31,818 | +6.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €587,440 | €587,440 | = | 0.0% |
| Reserves | 13 | €75,861 | €75,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,189 | €6,189 | = | 0.0% |
| Distributable reserves | 133 | €63,472 | €63,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,562 | -€194,744 | +€31,818 | +14.0% |
| Investment grants | 15 | €26,133 | €26,133 | = | 0.0% |
| Amounts payable | 17/49 | €1,084,178 | €1,170,914 | +€86,736 | +8.0% |
| Amounts payable after more than one year | 17 | €641,402 | €475,120 | -€166,282 | -25.9% |
| Financial debts | 170/4 | €641,402 | €475,120 | -€166,282 | -25.9% |
| Amounts payable within one year | 42/48 | €433,814 | €684,729 | +€250,914 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €115,785 | €116,901 | +€1,116 | +1.0% |
| Financial debts | 43 | €49,381 | €299,381 | +€250,000 | +506.3% |
| Credit institutions | 430/8 | €49,381 | €299,381 | +€250,000 | +506.3% |
| Trade debts | 44 | €202,486 | €200,901 | -€1,585 | -0.8% |
| Suppliers | 440/4 | €202,486 | €200,901 | -€1,585 | -0.8% |
| Taxes, remuneration and social security | 45 | €66,162 | €67,545 | +€1,383 | +2.1% |
| Taxes | 450/3 | €2,068 | €2,792 | +€725 | +35.1% |
| Remuneration and social security | 454/9 | €64,095 | €64,753 | +€658 | +1.0% |
| Accrued charges and deferred income | 492/3 | €8,962 | €11,065 | +€2,104 | +23.5% |
| Non-recurring operating income | 76A | €2,000 | €6,600 | +€4,600 | +230.0% |
| Remuneration, social security and pensions | 62 | €1,308,020 | €1,132,114 | -€175,906 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,585 | €21,548 | +€7,963 | +58.6% |
| Other operating charges | 640/8 | €22,926 | €23,958 | +€1,031 | +4.5% |
| Gross operating margin | 9900 | €1,210,338 | €1,197,884 | -€12,455 | -1.0% |
| Operating profit (loss) | 9901 | -€134,193 | €20,264 | +€154,458 | |
| Financial income | 75/76B | €29,093 | €32,005 | +€2,911 | +10.0% |
| Recurring financial income | 75 | €29,093 | €32,005 | +€2,911 | +10.0% |
| Financial charges | 65/66B | €28,178 | €19,792 | -€8,387 | -29.8% |
| Recurring financial charges | 65 | €28,178 | €19,792 | -€8,387 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€133,278 | €32,477 | +€165,756 | |
| Income taxes | 67/77 | €676 | €659 | -€17 | -2.5% |
| Profit (loss) for the period | 9904 | -€133,955 | €31,818 | +€165,773 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,955 | €31,818 | +€165,773 |
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 3 October 2026 via checked.be.