RESOLVE DEVELOPMENT: 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
RESOLVE DEVELOPMENT
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · €2.1m+€2.1m
Equity
€2.0m
2024 · €3.0m-€981,699
Cash
€5.0m
2024 · €1.7m+€3.3m
Balance sheet total
€44.0m
2024 · €34.7m+€9.3m
Largest movements
Assets
- Stocks and contracts +€4.7m
up €4.7m (+16.7%), from €28.5m to €33.2m
- Cash +€3.3m
up €3.3m (+192.8%), from €1.7m to €5.0m
mainly Net result for the year (+€4.2m) and Other debts (+€2.9m)
- Receivables within one year +€1.1m
up €1.1m (+114.7%), from €931,406 to €2.0m
of which Trade receivables: +€978,387
Equity and liabilities
- Other debts +€2.9m
up €2.9m (+76.3%), from €3.8m to €6.7m
- Trade debts +€2.4m
up €2.4m (+66.1%), from €3.6m to €5.9m
- Short-term financial debts +€2.3m
up €2.3m (+12.1%), from €18.8m to €21.0m
- Advances received +€1.1m
up €1.1m (+50.8%), from €2.1m to €3.2m
- Tax, wage and social debts +€1.0m
up €1.0m (+58.8%), from €1.8m to €2.8m
Income statement
- Turnover +€19.0m
up €19.0m (+200.5%), from €9.5m to €28.4m
- Goods and materials +€11.0m
up €11.0m (+89.4%), from €12.3m to €23.3m
of which Purchases: +€9.9m
- Services and other goods +€425,928
up €425,928 (+76.3%), from €558,057 to €983,985
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
€2.1m
Turnover
+€19.0m
Other operating income
-€154,732
Goods and materials
-€11.0m
Services and other goods
-€425,928
Other operating charges
+€2,352
Other operating items
-€5.3m
Financial income
+€5,830
Financial charges
-€923
Taxes
+€108,867
Result 2025
€4.2m
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
+€5.6m
Investment
€0
Financing
-€2.3m
Cash 2024
€1.7m
From operations (derived)
+€5.6m
Net result for the year
+€4.2m
Stocks and contracts
-€4.7m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€206,925
Trade debts
+€2.4m
Tax, wage and social debts
+€1.0m
Advances received
+€1.1m
Other debts
+€2.9m
Accrued charges and deferred income
-€31,739
Financing
-€2.3m
Debts after one year
+€950,000
Current portion of long-term debt
-€250,000
Short-term financial debts
+€2.3m
Contributions, distributions and other
-€5.2m
Cash 2025
€5.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,683,912 | €44,006,313 | +€9.3m | +26.9% |
| Fixed assets | 21/28 | €3,279,199 | €3,279,199 | = | 0.0% |
| Financial fixed assets | 28 | €3,279,199 | €3,279,199 | = | 0.0% |
| Affiliated companies | 280/1 | €3,279,199 | €3,279,199 | = | 0.0% |
| Participating interests | 280 | €3,279,199 | €3,279,199 | = | 0.0% |
| Current assets | 29/58 | €31,404,712 | €40,727,114 | +€9.3m | +29.7% |
| Stocks and contracts in progress | 3 | €28,455,114 | €33,194,800 | +€4.7m | +16.7% |
| Stocks | 30/36 | €28,455,114 | €33,194,800 | +€4.7m | +16.7% |
| Property held for sale | 35 | €28,355,114 | €33,194,800 | +€4.8m | +17.1% |
| Advance payments | 36 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €931,406 | €2,000,185 | +€1.1m | +114.7% |
| Trade receivables | 40 | €801,618 | €1,780,005 | +€978,387 | +122.1% |
| Other amounts receivable | 41 | €129,788 | €220,180 | +€90,392 | +69.6% |
| Cash at bank and in hand | 54/58 | €1,715,404 | €5,022,415 | +€3.3m | +192.8% |
| Deferred charges and accrued income | 490/1 | €302,789 | €509,714 | +€206,925 | +68.3% |
| Total equity and liabilities | 10/49 | €34,683,912 | €44,006,313 | +€9.3m | +26.9% |
| Equity | 10/15 | €2,964,253 | €1,982,554 | -€981,699 | -33.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,902,000 | €1,921,054 | -€980,946 | -33.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,662 | - | -€83,662 | |
| Distributable reserves | 133 | €2,812,188 | €1,914,904 | -€897,285 | -31.9% |
| Profit (loss) carried forward | 14 | €753 | - | -€753 | |
| Amounts payable | 17/49 | €31,719,659 | €42,023,760 | +€10.3m | +32.5% |
| Amounts payable after more than one year | 17 | - | €950,000 | +€950,000 | |
| Financial debts | 170/4 | - | €950,000 | +€950,000 | |
| Subordinated loans | 170 | - | €950,000 | +€950,000 | |
| Amounts payable within one year | 42/48 | €31,457,510 | €40,843,350 | +€9.4m | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €1,469,900 | €1,219,900 | -€250,000 | -17.0% |
| Financial debts | 43 | €18,752,834 | €21,018,487 | +€2.3m | +12.1% |
| Credit institutions | 430/8 | €18,752,834 | €21,018,487 | +€2.3m | +12.1% |
| Trade debts | 44 | €3,569,737 | €5,930,292 | +€2.4m | +66.1% |
| Suppliers | 440/4 | €3,569,737 | €5,930,292 | +€2.4m | +66.1% |
| Advances received on contracts in progress | 46 | €2,094,190 | €3,158,668 | +€1.1m | +50.8% |
| Taxes, remuneration and social security | 45 | €1,750,623 | €2,779,649 | +€1.0m | +58.8% |
| Taxes | 450/3 | €1,750,623 | €2,779,649 | +€1.0m | +58.8% |
| Other amounts payable | 47/48 | €3,820,227 | €6,736,354 | +€2.9m | +76.3% |
| Accrued charges and deferred income | 492/3 | €262,149 | €230,410 | -€31,739 | -12.1% |
| Operating income | 70/76A | €15,927,609 | €29,400,762 | +€13.5m | +84.6% |
| Turnover | 70 | €9,456,530 | €28,421,237 | +€19.0m | +200.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €6,184,012 | €847,191 | -€5.3m | -86.3% |
| Other operating income | 74 | €287,067 | €132,334 | -€154,732 | -53.9% |
| Operating charges | 60/66A | €12,887,057 | €24,333,230 | +€11.4m | +88.8% |
| Goods for resale, raw materials and consumables | 60 | €12,324,329 | €23,347,927 | +€11.0m | +89.4% |
| Purchases | 600/8 | €17,175,363 | €27,104,463 | +€9.9m | +57.8% |
| Change in stocks: decrease (increase) | 609 | -€4,851,034 | -€3,756,537 | +€1.1m | +22.6% |
| Services and other goods | 61 | €558,057 | €983,985 | +€425,928 | +76.3% |
| Other operating charges | 640/8 | €3,671 | €1,318 | -€2,352 | -64.1% |
| Non-recurring operating charges | 66A | €1,000 | - | -€1,000 | |
| Operating profit (loss) | 9901 | €3,040,552 | €5,067,532 | +€2.0m | +66.7% |
| Financial income | 75/76B | €1,683 | €7,512 | +€5,830 | +346.4% |
| Recurring financial income | 75 | €1,683 | €7,512 | +€5,830 | +346.4% |
| Income from current assets | 751 | €1,661 | €3,797 | +€2,137 | +128.7% |
| Other financial income | 752/9 | €22 | €3,715 | +€3,693 | +16656.8% |
| Financial charges | 65/66B | €159,473 | €160,396 | +€923 | +0.6% |
| Recurring financial charges | 65 | €159,473 | €160,396 | +€923 | +0.6% |
| Debt charges | 650 | €154,974 | €156,547 | +€1,573 | +1.0% |
| Other financial charges | 652/9 | €4,498 | €3,848 | -€650 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €2,882,762 | €4,914,649 | +€2.0m | +70.5% |
| Income taxes | 67/77 | €775,216 | €666,348 | -€108,867 | -14.0% |
| Taxes | 670/3 | €775,216 | €666,348 | -€108,867 | -14.0% |
| Profit (loss) for the period | 9904 | €2,107,547 | €4,248,301 | +€2.1m | +101.6% |
| Transfer from tax-exempt reserves | 789 | - | €83,662 | +€83,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,107,547 | €4,331,962 | +€2.2m | +105.5% |
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 29 September 2026 via checked.be.