SELECT CITY BUILDING: 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.
SELECT CITY BUILDING
Largest movements
- Receivables within one year -€450,816
down €450,816 (-74.3%), from €606,431 to €155,615
- Stocks and contracts -€210,174
down €210,174 (-50.1%), from €419,234 to €209,060
- Cash -€176,394
down €176,394 (-60.6%), from €291,241 to €114,848
mainly Other debts (-€712,235) and Contributions, distributions and other (-€210,000)
- Other debts -€712,235
down €712,235 (-52.8%), from €1.3m to €637,457
- Reserves +€562,650
up €562,650 (+9,075%), from €6,200 to €568,850
of which Distributable reserves: +€562,650
- Profit (loss) carried forward -€480,919
down €480,919 (-100%), from €480,919 to €0
- Short-term financial debts -€201,724
down €201,724 (-100%), from €201,724 to €0
- Gross operating margin -€248,423
down €248,423 (-51.3%), from €484,244 to €235,821
- Financial income +€80,542
new in 2025: €80,542
- Financial charges -€20,371
down €20,371 (-69.8%), from €29,193 to €8,822
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 | €2,120,242 | €1,268,905 | -€851,337 | -40.2% |
| Fixed assets | 21/28 | €803,335 | €789,382 | -€13,953 | -1.7% |
| Tangible fixed assets | 22/27 | €287,615 | €276,882 | -€10,734 | -3.7% |
| Land and buildings | 22 | €287,615 | €276,882 | -€10,734 | -3.7% |
| Financial fixed assets | 28 | €515,720 | €512,500 | -€3,220 | -0.6% |
| Current assets | 29/58 | €1,316,907 | €479,523 | -€837,383 | -63.6% |
| Stocks and contracts in progress | 3 | €419,234 | €209,060 | -€210,174 | -50.1% |
| Stocks | 30/36 | €419,234 | €209,060 | -€210,174 | -50.1% |
| Amounts receivable within one year | 40/41 | €606,431 | €155,615 | -€450,816 | -74.3% |
| Other amounts receivable | 41 | €606,431 | €155,615 | -€450,816 | -74.3% |
| Cash at bank and in hand | 54/58 | €291,241 | €114,848 | -€176,394 | -60.6% |
| Total equity and liabilities | 10/49 | €2,120,242 | €1,268,905 | -€851,337 | -40.2% |
| Equity | 10/15 | €549,119 | €630,850 | +€81,731 | +14.9% |
| 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% |
| Reserves | 13 | €6,200 | €568,850 | +€562,650 | +9,075% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €562,650 | +€562,650 | |
| Profit (loss) carried forward | 14 | €480,919 | €0 | -€480,919 | -100% |
| Amounts payable | 17/49 | €1,571,123 | €638,055 | -€933,068 | -59.4% |
| Amounts payable within one year | 42/48 | €1,571,123 | €638,055 | -€933,068 | -59.4% |
| Financial debts | 43 | €201,724 | €0 | -€201,724 | -100% |
| Credit institutions | 430/8 | €201,724 | €0 | -€201,724 | -100% |
| Trade debts | 44 | €19,684 | €152 | -€19,532 | -99.2% |
| Suppliers | 440/4 | €19,684 | €152 | -€19,532 | -99.2% |
| Taxes, remuneration and social security | 45 | €23 | €446 | +€423 | +1,834% |
| Taxes | 450/3 | €23 | €446 | +€423 | +1,834% |
| Other amounts payable | 47/48 | €1,349,692 | €637,457 | -€712,235 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €10,734 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,581 | €4,630 | +€49 | +1.1% |
| Gross operating margin | 9900 | €484,244 | €235,821 | -€248,423 | -51.3% |
| Operating profit (loss) | 9901 | €468,929 | €220,457 | -€248,472 | -53.0% |
| Financial income | 75/76B | - | €80,542 | +€80,542 | |
| Recurring financial income | 75 | - | €80,542 | +€80,542 | |
| Financial charges | 65/66B | €29,193 | €8,822 | -€20,371 | -69.8% |
| Recurring financial charges | 65 | €29,193 | €8,822 | -€20,371 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €439,737 | €292,177 | -€147,560 | -33.6% |
| Income taxes | 67/77 | €23 | €446 | +€423 | +1,834% |
| Profit (loss) for the period | 9904 | €439,714 | €291,731 | -€147,983 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €439,714 | €291,731 | -€147,983 | -33.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.