Let's Build It: 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.
Let's Build It
Largest movements
- Cash -€19,918
down €19,918 (-18.9%), from €105,636 to €85,718
mainly Contributions, distributions and other (-€63,000) and Debts after one year (-€3,293)
- Tangible fixed assets -€6,891
down €6,891 (-40.8%), from €16,880 to €9,989
- Receivables within one year -€3,296
down €3,296 (-35.8%), from €9,209 to €5,913
of which Trade receivables: -€2,705
- Profit (loss) carried forward -€65,055
down €65,055, from €64,536 to -€519
- Other debts +€45,424
up €45,424 (+497%), from €9,147 to €54,571
- Debts after one year -€3,293
no longer reported in 2025 (was €3,293)
- Tax, wage and social debts -€3,184
down €3,184 (-12.9%), from €24,697 to €21,512
- Current portion of long-term debt -€1,526
down €1,526 (-31.7%), from €4,820 to €3,293
- Gross operating margin -€54,288
down €54,288 (-86.0%), from €63,114 to €8,826
- Taxes -€10,774
down €10,774 (-95.1%), from €11,327 to €553
- Depreciation -€2,631
down €2,631 (-22.4%), from €11,747 to €9,116
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 | €131,816 | €102,804 | -€29,012 | -22.0% |
| Fixed assets | 21/28 | €16,880 | €9,989 | -€6,891 | -40.8% |
| Tangible fixed assets | 22/27 | €16,880 | €9,989 | -€6,891 | -40.8% |
| Furniture and vehicles | 24 | €16,880 | €9,989 | -€6,891 | -40.8% |
| Current assets | 29/58 | €114,936 | €92,814 | -€22,122 | -19.2% |
| Amounts receivable within one year | 40/41 | €9,209 | €5,913 | -€3,296 | -35.8% |
| Trade receivables | 40 | €8,460 | €5,755 | -€2,705 | -32.0% |
| Other amounts receivable | 41 | €748 | €157 | -€591 | -79.0% |
| Cash at bank and in hand | 54/58 | €105,636 | €85,718 | -€19,918 | -18.9% |
| Deferred charges and accrued income | 490/1 | €91 | €1,184 | +€1,093 | +1,200% |
| Total equity and liabilities | 10/49 | €131,816 | €102,804 | -€29,012 | -22.0% |
| Equity | 10/15 | €84,036 | €18,981 | -€65,055 | -77.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,536 | -€519 | -€65,055 | |
| Amounts payable | 17/49 | €47,779 | €83,822 | +€36,043 | +75.4% |
| Amounts payable after more than one year | 17 | €3,293 | - | -€3,293 | |
| Financial debts | 170/4 | €3,293 | - | -€3,293 | |
| Amounts payable within one year | 42/48 | €44,486 | €83,822 | +€39,337 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €4,820 | €3,293 | -€1,526 | -31.7% |
| Trade debts | 44 | €5,823 | €4,446 | -€1,377 | -23.6% |
| Suppliers | 440/4 | €5,823 | €4,446 | -€1,377 | -23.6% |
| Taxes, remuneration and social security | 45 | €24,697 | €21,512 | -€3,184 | -12.9% |
| Taxes | 450/3 | €24,697 | €21,512 | -€3,184 | -12.9% |
| Other amounts payable | 47/48 | €9,147 | €54,571 | +€45,424 | +497% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,747 | €9,116 | -€2,631 | -22.4% |
| Other operating charges | 640/8 | €441 | €900 | +€459 | +104% |
| Gross operating margin | 9900 | €63,114 | €8,826 | -€54,288 | -86.0% |
| Operating profit (loss) | 9901 | €50,926 | -€1,191 | -€52,117 | |
| Financial income | 75/76B | €7 | €1 | -€5 | -80.4% |
| Recurring financial income | 75 | €7 | €1 | -€5 | -80.4% |
| Financial charges | 65/66B | €448 | €312 | -€136 | -30.3% |
| Recurring financial charges | 65 | €448 | €312 | -€136 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €50,484 | -€1,502 | -€51,987 | |
| Income taxes | 67/77 | €11,327 | €553 | -€10,774 | -95.1% |
| Profit (loss) for the period | 9904 | €39,157 | -€2,055 | -€41,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,157 | -€2,055 | -€41,213 |
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 18 October 2026 via checked.be.