N-BUILDING: what changed
What changed
N-BUILDING
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€82,985
2025 · €40,707+€42,278
Equity
€778,147
2025 · €775,161+€2,985
Cash
€1.0m
2025 · €1.1m-€23,642
Balance sheet total
€1.6m
2025 · €1.8m-€268,626
Largest movements
Assets
- Deferred charges and accrued income -€390,279
down €390,279 (-96.5%), from €404,292 to €14,013
- Current investments +€111,184
new in 2026: €111,184
- Receivables within one year +€37,140
up €37,140 (+10.4%), from €356,573 to €393,713
of which Trade receivables: +€43,524
- Cash -€23,642
down €23,642 (-2.2%), from €1.1m to €1.0m
mainly Provisions (-€198,367) and Trade debts (-€141,785)
Equity and liabilities
- Profit (loss) carried forward +€618,215
new in 2026: €618,215
- Reserves -€615,229
down €615,229 (-86.9%), from €708,161 to €92,932
of which Distributable reserves: -€645,211
- Provisions -€198,367
down €198,367 (-28.4%), from €698,367 to €500,000
- Trade debts -€141,785
down €141,785 (-40.4%), from €350,789 to €209,005
- Other debts +€71,816
new in 2026: €71,816
Income statement
- Gross operating margin -€222,348
down €222,348 (-94.6%), from €235,100 to €12,751
- Provisions -€198,367
new in 2026: -€198,367
- Staff costs -€75,031
down €75,031 (-37.7%), from €198,809 to €123,778
- Financial income -€10,237
down €10,237 (-61.0%), from €16,787 to €6,550
Change in the result, 2025 to 2026
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 2025
€40,707
Gross operating margin
-€222,348
Staff costs
+€75,031
Depreciation
+€1,275
Provisions
+€198,367
Other operating charges
+€339
Financial income
-€10,237
Financial charges
+€1,502
Taxes
-€1,651
Result 2026
€82,985
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€170,888
Investment
-€114,530
Financing
-€80,000
Cash 2025
€1.1m
From operations (derived)
+€170,888
Net result for the year
+€82,985
Depreciation
+€6,375
Receivables within one year
-€37,140
Deferred charges and accrued income
+€390,279
Provisions
-€198,367
Trade debts
-€141,785
Tax, wage and social debts
-€3,275
Other debts
+€71,816
Investment (derived)
-€114,530
Investment in fixed assets (net)
-€3,346
Current investments
-€111,184
Financing
-€80,000
Contributions, distributions and other
-€80,000
Cash 2026
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,827,593 | €1,558,967 | -€268,626 | -14.7% |
| Fixed assets | 21/28 | €6,375 | €3,346 | -€3,029 | -47.5% |
| Intangible fixed assets | 21 | - | €24 | +€24 | |
| Tangible fixed assets | 22/27 | €6,375 | €3,322 | -€3,053 | -47.9% |
| Furniture and vehicles | 24 | €6,375 | €3,322 | -€3,053 | -47.9% |
| Current assets | 29/58 | €1,821,218 | €1,555,621 | -€265,597 | -14.6% |
| Amounts receivable within one year | 40/41 | €356,573 | €393,713 | +€37,140 | +10.4% |
| Trade receivables | 40 | €334,613 | €378,137 | +€43,524 | +13.0% |
| Other amounts receivable | 41 | €21,960 | €15,576 | -€6,384 | -29.1% |
| Current investments | 50/53 | - | €111,184 | +€111,184 | |
| Cash at bank and in hand | 54/58 | €1,060,353 | €1,036,711 | -€23,642 | -2.2% |
| Deferred charges and accrued income | 490/1 | €404,292 | €14,013 | -€390,279 | -96.5% |
| Total equity and liabilities | 10/49 | €1,827,593 | €1,558,967 | -€268,626 | -14.7% |
| Equity | 10/15 | €775,161 | €778,147 | +€2,985 | +0.4% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | - | -€67,000 | |
| Issued capital | 100 | €67,000 | - | -€67,000 | |
| Reserves | 13 | €708,161 | €92,932 | -€615,229 | -86.9% |
| Non-distributable reserves | 130/1 | €6,700 | €36,682 | +€29,982 | +447% |
| Legal reserve | 130 | €6,700 | - | -€6,700 | |
| Reserves not available under the articles | 1311 | - | €6,700 | +€6,700 | |
| Own shares acquired | 1312 | - | €29,982 | +€29,982 | |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €645,211 | - | -€645,211 | |
| Profit (loss) carried forward | 14 | - | €618,215 | +€618,215 | |
| Provisions and deferred taxes | 16 | €698,367 | €500,000 | -€198,367 | -28.4% |
| Provisions for liabilities and charges | 160/5 | €698,367 | €500,000 | -€198,367 | -28.4% |
| Other liabilities and charges | 164/5 | €698,367 | €500,000 | -€198,367 | -28.4% |
| Amounts payable | 17/49 | €354,065 | €280,821 | -€73,244 | -20.7% |
| Amounts payable within one year | 42/48 | €354,065 | €280,821 | -€73,244 | -20.7% |
| Trade debts | 44 | €350,789 | €209,005 | -€141,785 | -40.4% |
| Suppliers | 440/4 | €350,789 | €209,005 | -€141,785 | -40.4% |
| Taxes, remuneration and social security | 45 | €3,275 | - | -€3,275 | |
| Remuneration and social security | 454/9 | €3,275 | - | -€3,275 | |
| Other amounts payable | 47/48 | - | €71,816 | +€71,816 | |
| Non-recurring operating income | 76A | €7,330 | - | -€7,330 | |
| Remuneration, social security and pensions | 62 | €198,809 | €123,778 | -€75,031 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,650 | €6,375 | -€1,275 | -16.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€198,367 | -€198,367 | |
| Other operating charges | 640/8 | €1,711 | €1,371 | -€339 | -19.8% |
| Gross operating margin | 9900 | €235,100 | €12,751 | -€222,348 | -94.6% |
| Operating profit (loss) | 9901 | €26,930 | €79,594 | +€52,664 | +196% |
| Financial income | 75/76B | €16,787 | €6,550 | -€10,237 | -61.0% |
| Recurring financial income | 75 | €16,787 | €6,550 | -€10,237 | -61.0% |
| Financial charges | 65/66B | €2,887 | €1,386 | -€1,502 | -52.0% |
| Recurring financial charges | 65 | €2,887 | €1,386 | -€1,502 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €40,830 | €84,759 | +€43,929 | +108% |
| Income taxes | 67/77 | €122 | €1,773 | +€1,651 | +1,348% |
| Profit (loss) for the period | 9904 | €40,707 | €82,985 | +€42,278 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €40,707 | €82,985 | +€42,278 | +104% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.