Key Builder: 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.
Key Builder
Largest movements
- Receivables within one year -€43,797
down €43,797 (-57.2%), from €76,601 to €32,804
of which Other amounts receivable: -€43,141
- Stocks and contracts +€30,880
up €30,880 (+6.1%), from €502,561 to €533,442
- Debts after one year +€180,397
up €180,397 (+14.1%), from €1.3m to €1.5m
- Profit (loss) carried forward -€111,907
down €111,907 (-24.4%), from -€459,516 to -€571,423
- Trade debts -€41,027
down €41,027 (-92.6%), from €44,321 to €3,294
- Tax, wage and social debts -€34,415
down €34,415 (-46.6%), from €73,811 to €39,396
- Gross operating margin -€387,134
down €387,134, from €368,845 to -€18,289
- Financial charges -€15,406
down €15,406 (-14.8%), from €104,155 to €88,750
- Other operating charges -€15,376
down €15,376 (-64.1%), from €23,984 to €8,608
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,179,480 | €1,164,578 | -€14,902 | -1.3% |
| Fixed assets | 21/28 | €600,250 | €598,035 | -€2,215 | -0.4% |
| Tangible fixed assets | 22/27 | €1,898 | €733 | -€1,165 | -61.4% |
| Furniture and vehicles | 24 | €1,898 | €733 | -€1,165 | -61.4% |
| Financial fixed assets | 28 | €598,352 | €597,302 | -€1,050 | -0.2% |
| Current assets | 29/58 | €579,229 | €566,543 | -€12,687 | -2.2% |
| Stocks and contracts in progress | 3 | €502,561 | €533,442 | +€30,880 | +6.1% |
| Stocks | 30/36 | €502,561 | €533,442 | +€30,880 | +6.1% |
| Amounts receivable within one year | 40/41 | €76,601 | €32,804 | -€43,797 | -57.2% |
| Trade receivables | 40 | €14,540 | €13,884 | -€657 | -4.5% |
| Other amounts receivable | 41 | €62,061 | €18,920 | -€43,141 | -69.5% |
| Cash at bank and in hand | 54/58 | €67 | €297 | +€230 | +342.8% |
| Total equity and liabilities | 10/49 | €1,179,480 | €1,164,578 | -€14,902 | -1.3% |
| Equity | 10/15 | -€450,575 | -€562,482 | -€111,907 | -24.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €2,691 | €2,691 | = | 0.0% |
| Tax-exempt reserves | 132 | €191 | €191 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459,516 | -€571,423 | -€111,907 | -24.4% |
| Amounts payable | 17/49 | €1,630,055 | €1,727,060 | +€97,005 | +6.0% |
| Amounts payable after more than one year | 17 | €1,279,064 | €1,459,461 | +€180,397 | +14.1% |
| Financial debts | 170/4 | €1,279,064 | €1,459,461 | +€180,397 | +14.1% |
| Amounts payable within one year | 42/48 | €346,802 | €266,360 | -€80,441 | -23.2% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €44,321 | €3,294 | -€41,027 | -92.6% |
| Suppliers | 440/4 | €44,321 | €3,294 | -€41,027 | -92.6% |
| Taxes, remuneration and social security | 45 | €73,811 | €39,396 | -€34,415 | -46.6% |
| Taxes | 450/3 | €73,811 | €39,396 | -€34,415 | -46.6% |
| Other amounts payable | 47/48 | €28,670 | €23,670 | -€5,000 | -17.4% |
| Accrued charges and deferred income | 492/3 | €4,189 | €1,239 | -€2,950 | -70.4% |
| Non-recurring operating income | 76A | €500,027 | €130 | -€499,897 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €216 | -€45 | -17.2% |
| Other operating charges | 640/8 | €23,984 | €8,608 | -€15,376 | -64.1% |
| Non-recurring operating charges | 66A | €49,499 | - | -€49,499 | |
| Gross operating margin | 9900 | €368,845 | -€18,289 | -€387,134 | |
| Operating profit (loss) | 9901 | €295,102 | -€27,112 | -€322,214 | |
| Financial income | 75/76B | €1,502 | €3,955 | +€2,453 | +163.3% |
| Recurring financial income | 75 | €1,502 | €3,955 | +€2,453 | +163.3% |
| Financial charges | 65/66B | €104,155 | €88,750 | -€15,406 | -14.8% |
| Recurring financial charges | 65 | €104,155 | €88,750 | -€15,406 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €192,448 | -€111,907 | -€304,355 | |
| Profit (loss) for the period | 9904 | €192,448 | -€111,907 | -€304,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €192,448 | -€111,907 | -€304,355 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.