SPECIALBUILD: 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.
SPECIALBUILD
Largest movements
- Cash +€33,797
up €33,797 (+97.4%), from €34,711 to €68,508
mainly Net result for the year (+€81,347) and Tax, wage and social debts (+€31,300)
- Receivables within one year +€33,054
up €33,054 (+134.6%), from €24,559 to €57,613
of which Trade receivables: +€31,842
- Tangible fixed assets +€21,392
up €21,392 (+12.4%), from €172,279 to €193,671
of which Furniture and vehicles: +€22,039
- Profit (loss) carried forward +€41,347
up €41,347 (+79.9%), from €51,767 to €93,114
- Tax, wage and social debts +€31,300
up €31,300 (+249.7%), from €12,537 to €43,837
- Trade debts +€28,247
up €28,247 (+109.1%), from €25,898 to €54,145
- Debts after one year -€6,579
down €6,579 (-7.5%), from €87,971 to €81,391
- Other debts -€5,876
down €5,876 (-12.8%), from €45,876 to €40,000
- Gross operating margin +€92,681
up €92,681 (+260.9%), from €35,529 to €128,210
- Taxes +€26,812
up €26,812 (+852.8%), from €3,144 to €29,956
- Depreciation +€4,600
up €4,600 (+52.2%), from €8,809 to €13,409
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,436 | €321,631 | +€89,195 | +38.4% |
| Fixed assets | 21/28 | €172,579 | €193,971 | +€21,392 | +12.4% |
| Tangible fixed assets | 22/27 | €172,279 | €193,671 | +€21,392 | +12.4% |
| Land and buildings | 22 | €159,297 | €155,793 | -€3,504 | -2.2% |
| Plant, machinery and equipment | 23 | €2,766 | €5,623 | +€2,857 | +103.3% |
| Furniture and vehicles | 24 | €10,216 | €32,255 | +€22,039 | +215.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €59,857 | €127,660 | +€67,803 | +113.3% |
| Amounts receivable within one year | 40/41 | €24,559 | €57,613 | +€33,054 | +134.6% |
| Trade receivables | 40 | €24,559 | €56,401 | +€31,842 | +129.7% |
| Other amounts receivable | 41 | - | €1,212 | +€1,212 | |
| Cash at bank and in hand | 54/58 | €34,711 | €68,508 | +€33,797 | +97.4% |
| Deferred charges and accrued income | 490/1 | €587 | €1,539 | +€952 | +162.1% |
| Total equity and liabilities | 10/49 | €232,436 | €321,631 | +€89,195 | +38.4% |
| Equity | 10/15 | €53,767 | €95,114 | +€41,347 | +76.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,767 | €93,114 | +€41,347 | +79.9% |
| Amounts payable | 17/49 | €178,669 | €226,517 | +€47,848 | +26.8% |
| Amounts payable after more than one year | 17 | €87,971 | €81,391 | -€6,579 | -7.5% |
| Financial debts | 170/4 | €87,971 | €81,391 | -€6,579 | -7.5% |
| Amounts payable within one year | 42/48 | €90,698 | €144,561 | +€53,862 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €6,388 | €6,579 | +€191 | +3.0% |
| Trade debts | 44 | €25,898 | €54,145 | +€28,247 | +109.1% |
| Suppliers | 440/4 | €25,898 | €54,145 | +€28,247 | +109.1% |
| Taxes, remuneration and social security | 45 | €12,537 | €43,837 | +€31,300 | +249.7% |
| Taxes | 450/3 | €12,537 | €43,837 | +€31,300 | +249.7% |
| Other amounts payable | 47/48 | €45,876 | €40,000 | -€5,876 | -12.8% |
| Accrued charges and deferred income | 492/3 | - | €565 | +€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,809 | €13,409 | +€4,600 | +52.2% |
| Other operating charges | 640/8 | €772 | €458 | -€314 | -40.7% |
| Gross operating margin | 9900 | €35,529 | €128,210 | +€92,681 | +260.9% |
| Operating profit (loss) | 9901 | €25,949 | €114,343 | +€88,394 | +340.7% |
| Financial income | 75/76B | €16 | €11 | -€6 | -34.3% |
| Recurring financial income | 75 | €16 | €11 | -€6 | -34.3% |
| Financial charges | 65/66B | €3,207 | €3,051 | -€156 | -4.9% |
| Recurring financial charges | 65 | €3,207 | €3,051 | -€156 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €22,758 | €111,303 | +€88,545 | +389.1% |
| Income taxes | 67/77 | €3,144 | €29,956 | +€26,812 | +852.8% |
| Profit (loss) for the period | 9904 | €19,614 | €81,347 | +€61,733 | +314.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,614 | €81,347 | +€61,733 | +314.7% |
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 10 October 2026 via checked.be.