SPECIAL BUILDING PROJECTS: 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.
SPECIAL BUILDING PROJECTS
Largest movements
- Cash +€1.6m
up €1.6m (+157%), from €996,699 to €2.6m
mainly Stocks and contracts (+€1.5m) and Net result for the year (+€453,181)
- Stocks and contracts -€1.5m
down €1.5m (-57.1%), from €2.6m to €1.1m
- Receivables within one year +€426,833
up €426,833 (+193%), from €221,627 to €648,461
of which Trade receivables: +€414,873
- Tangible fixed assets +€352,820
new in 2025: €352,820
- Other debts +€383,989
up €383,989 (+33.8%), from €1.1m to €1.5m
- Profit (loss) carried forward +€242,681
up €242,681 (+39.2%), from €618,448 to €861,129
- Reserves +€210,500
up €210,500 (+188%), from €112,250 to €322,750
of which Tax-exempt reserves: +€210,500
- Short-term financial debts +€190,000
up €190,000 (+17.0%), from €1.1m to €1.3m
- Trade debts -€119,485
down €119,485 (-23.1%), from €517,353 to €397,868
- Gross operating margin +€479,068
up €479,068 (+131%), from €366,284 to €845,352
- Financial charges +€135,579
up €135,579 (+124%), from €109,540 to €245,119
- Taxes +€102,065
up €102,065 (+213%), from €47,956 to €150,021
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 | €3,847,701 | €4,690,837 | +€843,136 | +21.9% |
| Fixed assets | 21/28 | - | €352,820 | +€352,820 | |
| Tangible fixed assets | 22/27 | - | €352,820 | +€352,820 | |
| Assets under construction and advance payments | 27 | - | €352,820 | +€352,820 | |
| Current assets | 29/58 | €3,847,701 | €4,338,017 | +€490,316 | +12.7% |
| Stocks and contracts in progress | 3 | €2,626,380 | €1,125,693 | -€1.5m | -57.1% |
| Contracts in progress | 37 | €2,626,380 | €1,125,693 | -€1.5m | -57.1% |
| Amounts receivable within one year | 40/41 | €221,627 | €648,461 | +€426,833 | +193% |
| Trade receivables | 40 | €40,958 | €455,831 | +€414,873 | +1,013% |
| Other amounts receivable | 41 | €180,669 | €192,630 | +€11,961 | +6.6% |
| Cash at bank and in hand | 54/58 | €996,699 | €2,563,864 | +€1.6m | +157% |
| Deferred charges and accrued income | 490/1 | €2,995 | €0 | -€2,995 | -100% |
| Total equity and liabilities | 10/49 | €3,847,701 | €4,690,837 | +€843,136 | +21.9% |
| Equity | 10/15 | €800,698 | €1,253,879 | +€453,181 | +56.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €112,250 | €322,750 | +€210,500 | +188% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €105,250 | €315,750 | +€210,500 | +200% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €618,448 | €861,129 | +€242,681 | +39.2% |
| Amounts payable | 17/49 | €3,047,003 | €3,436,958 | +€389,955 | +12.8% |
| Amounts payable within one year | 42/48 | €2,988,272 | €3,361,702 | +€373,430 | +12.5% |
| Financial debts | 43 | €1,115,000 | €1,305,000 | +€190,000 | +17.0% |
| Credit institutions | 430/8 | €1,115,000 | €1,305,000 | +€190,000 | +17.0% |
| Trade debts | 44 | €517,353 | €397,868 | -€119,485 | -23.1% |
| Suppliers | 440/4 | €517,353 | €397,868 | -€119,485 | -23.1% |
| Advances received on contracts in progress | 46 | €94,125 | €0 | -€94,125 | -100% |
| Taxes, remuneration and social security | 45 | €124,081 | €137,133 | +€13,052 | +10.5% |
| Taxes | 450/3 | €124,081 | €137,133 | +€13,052 | +10.5% |
| Other amounts payable | 47/48 | €1,137,713 | €1,521,702 | +€383,989 | +33.8% |
| Accrued charges and deferred income | 492/3 | €58,731 | €75,256 | +€16,525 | +28.1% |
| Other operating charges | 640/8 | €1,022 | €7,632 | +€6,610 | +647% |
| Gross operating margin | 9900 | €366,284 | €845,352 | +€479,068 | +131% |
| Operating profit (loss) | 9901 | €365,261 | €837,719 | +€472,458 | +129% |
| Financial income | 75/76B | €2,995 | €10,601 | +€7,606 | +254% |
| Recurring financial income | 75 | €2,995 | €10,601 | +€7,606 | +254% |
| Financial charges | 65/66B | €109,540 | €245,119 | +€135,579 | +124% |
| Recurring financial charges | 65 | €109,540 | €245,119 | +€135,579 | +124% |
| Profit (loss) for the period before taxes | 9903 | €258,717 | €603,202 | +€344,485 | +133% |
| Income taxes | 67/77 | €47,956 | €150,021 | +€102,065 | +213% |
| Profit (loss) for the period | 9904 | €210,761 | €453,181 | +€242,420 | +115% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €210,500 | +€105,250 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €105,511 | €242,681 | +€137,170 | +130% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.