STIL4BUILD: 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.
STIL4BUILD
Largest movements
- Receivables within one year +€92,202
up €92,202 (+2821.6%), from €3,268 to €95,470
of which Other amounts receivable: +€63,484
- Formation expenses -€1,161
no longer reported in 2025 (was €1,161)
- Profit (loss) carried forward +€50,795
up €50,795 (+2762.0%), from €1,839 to €52,634
- Trade debts +€27,358
up €27,358 (+1787.9%), from €1,530 to €28,888
- Tax, wage and social debts +€13,832
up €13,832 (+3008.4%), from €460 to €14,291
- Other debts -€1,145
no longer reported in 2025 (was €1,145)
- Gross operating margin +€65,730
up €65,730 (+2449.8%), from €2,683 to €68,413
- Taxes +€13,372
up €13,372 (+2908.4%), from €460 to €13,832
- Other operating charges +€4,256
new in 2025: €4,256
- Financial income +€1,651
new in 2025: €1,651
- Depreciation +€777
up €777 (+202.2%), from €384 to €1,161
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 | €4,974 | €95,813 | +€90,839 | +1826.2% |
| Formation expenses | 20 | €1,161 | - | -€1,161 | |
| Current assets | 29/58 | €3,813 | €95,813 | +€92,000 | +2412.7% |
| Amounts receivable within one year | 40/41 | €3,268 | €95,470 | +€92,202 | +2821.6% |
| Trade receivables | 40 | €2,920 | €31,638 | +€28,718 | +983.5% |
| Other amounts receivable | 41 | €348 | €63,832 | +€63,484 | +18257.8% |
| Cash at bank and in hand | 54/58 | €546 | €343 | -€203 | -37.2% |
| Total equity and liabilities | 10/49 | €4,974 | €95,813 | +€90,839 | +1826.2% |
| Equity | 10/15 | €1,839 | €52,634 | +€50,795 | +2762.0% |
| Profit (loss) carried forward | 14 | €1,839 | €52,634 | +€50,795 | +2762.0% |
| Amounts payable | 17/49 | €3,135 | €43,179 | +€40,044 | +1277.3% |
| Amounts payable within one year | 42/48 | €3,135 | €43,179 | +€40,044 | +1277.3% |
| Trade debts | 44 | €1,530 | €28,888 | +€27,358 | +1787.9% |
| Suppliers | 440/4 | €1,530 | €28,888 | +€27,358 | +1787.9% |
| Taxes, remuneration and social security | 45 | €460 | €14,291 | +€13,832 | +3008.4% |
| Taxes | 450/3 | €460 | €14,291 | +€13,832 | +3008.4% |
| Other amounts payable | 47/48 | €1,145 | - | -€1,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €1,161 | +€777 | +202.2% |
| Other operating charges | 640/8 | - | €4,256 | +€4,256 | |
| Gross operating margin | 9900 | €2,683 | €68,413 | +€65,730 | +2449.8% |
| Operating profit (loss) | 9901 | €2,299 | €62,996 | +€60,697 | +2640.3% |
| Financial income | 75/76B | - | €1,651 | +€1,651 | |
| Recurring financial income | 75 | - | €1,651 | +€1,651 | |
| Financial charges | 65/66B | - | €21 | +€21 | |
| Recurring financial charges | 65 | - | €21 | +€21 | |
| Profit (loss) for the period before taxes | 9903 | €2,299 | €64,626 | +€62,328 | +2711.3% |
| Income taxes | 67/77 | €460 | €13,832 | +€13,372 | +2908.4% |
| Profit (loss) for the period | 9904 | €1,839 | €50,795 | +€48,956 | +2662.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,839 | €50,795 | +€48,956 | +2662.0% |
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 8 October 2026 via checked.be.