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What changed
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NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€39,936
2024 · €20,675+€19,261
Equity
€283,996
2024 · €257,059+€26,936
Cash
€20,621
2024 · €77,651-€57,031
Balance sheet total
€1.0m
2024 · €1.1m-€41,638
Largest movements
Assets
- Cash -€57,031
down €57,031 (-73.4%), from €77,651 to €20,621
mainly Other debts (-€37,458) and Investment in fixed assets (net) (-€33,226)
- Stocks and contracts +€22,462
up €22,462 (+31.5%), from €71,275 to €93,738
of which Contracts in progress: +€26,728
- Receivables within one year +€14,886
up €14,886 (+12.5%), from €119,339 to €134,225
of which Trade receivables: +€27,739
- Tangible fixed assets -€13,257
down €13,257 (-1.8%), from €737,440 to €724,183
of which Land and buildings: -€18,187
Equity and liabilities
- Other debts -€37,458
down €37,458 (-29.8%), from €125,781 to €88,323
- Profit (loss) carried forward +€27,171
no longer reported in 2025 (was -€27,171)
- Trade debts -€18,582
down €18,582 (-9.5%), from €195,027 to €176,445
- Current portion of long-term debt -€11,227
down €11,227 (-20.9%), from €53,775 to €42,548
- Accrued charges and deferred income +€11,057
up €11,057 (+40.0%), from €27,620 to €38,677
Income statement
- Staff costs -€50,727
down €50,727 (-16.8%), from €301,468 to €250,742
- Gross operating margin -€29,112
down €29,112 (-6.9%), from €423,499 to €394,387
- Other operating charges +€18,182
up €18,182 (+244%), from €7,454 to €25,636
- Depreciation -€8,313
down €8,313 (-14.8%), from €56,027 to €47,714
- Financial charges -€6,751
down €6,751 (-17.5%), from €38,532 to €31,781
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,675
Gross operating margin
-€29,112
Staff costs
+€50,727
Depreciation
+€8,313
Other operating charges
-€18,182
Other operating items
-€216
Financial income
+€2,255
Financial charges
+€6,751
Taxes
-€1,275
Result 2025
€39,936
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,176
Investment
-€33,226
Financing
-€28,981
Cash 2024
€77,651
From operations (derived)
+€5,176
Net result for the year
+€39,936
Depreciation
+€47,714
Stocks and contracts
-€22,462
Receivables within one year
-€14,886
Deferred charges and accrued income
+€7,468
Trade debts
-€18,582
Tax, wage and social debts
-€7,610
Other debts
-€37,458
Accrued charges and deferred income
+€11,057
Investment (derived)
-€33,226
Investment in fixed assets (net)
-€33,226
Financing
-€28,981
Debts after one year
-€4,754
Current portion of long-term debt
-€11,227
Contributions, distributions and other
-€13,000
Cash 2025
€20,621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,207 | €1,028,569 | -€41,638 | -3.9% |
| Fixed assets | 21/28 | €772,619 | €758,130 | -€14,488 | -1.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €737,440 | €724,183 | -€13,257 | -1.8% |
| Land and buildings | 22 | €670,779 | €652,592 | -€18,187 | -2.7% |
| Plant, machinery and equipment | 23 | €8,215 | €3,067 | -€5,148 | -62.7% |
| Furniture and vehicles | 24 | €28,757 | €22,088 | -€6,670 | -23.2% |
| Leasing and similar rights | 25 | €29,688 | €46,437 | +€16,748 | +56.4% |
| Financial fixed assets | 28 | €35,179 | €33,947 | -€1,231 | -3.5% |
| Current assets | 29/58 | €297,589 | €270,439 | -€27,150 | -9.1% |
| Stocks and contracts in progress | 3 | €71,275 | €93,738 | +€22,462 | +31.5% |
| Stocks | 30/36 | €49,275 | €45,010 | -€4,265 | -8.7% |
| Contracts in progress | 37 | €22,000 | €48,728 | +€26,728 | +121% |
| Amounts receivable within one year | 40/41 | €119,339 | €134,225 | +€14,886 | +12.5% |
| Trade receivables | 40 | €99,214 | €126,953 | +€27,739 | +28.0% |
| Other amounts receivable | 41 | €20,125 | €7,272 | -€12,852 | -63.9% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,651 | €20,621 | -€57,031 | -73.4% |
| Deferred charges and accrued income | 490/1 | €29,322 | €21,854 | -€7,468 | -25.5% |
| Total equity and liabilities | 10/49 | €1,070,207 | €1,028,569 | -€41,638 | -3.9% |
| Equity | 10/15 | €257,059 | €283,996 | +€26,936 | +10.5% |
| Contributions | 10/11 | €38,550 | €38,550 | = | 0.0% |
| Revaluation surpluses | 12 | €182,680 | €182,680 | = | 0.0% |
| Reserves | 13 | €63,000 | €62,766 | -€234 | -0.4% |
| Distributable reserves | 133 | €63,000 | €62,766 | -€234 | -0.4% |
| Profit (loss) carried forward | 14 | -€27,171 | - | +€27,171 | |
| Amounts payable | 17/49 | €813,148 | €744,573 | -€68,575 | -8.4% |
| Amounts payable after more than one year | 17 | €139,975 | €135,221 | -€4,754 | -3.4% |
| Financial debts | 170/4 | €139,975 | €135,221 | -€4,754 | -3.4% |
| Amounts payable within one year | 42/48 | €645,553 | €570,676 | -€74,877 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €53,775 | €42,548 | -€11,227 | -20.9% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €195,027 | €176,445 | -€18,582 | -9.5% |
| Suppliers | 440/4 | €195,027 | €176,445 | -€18,582 | -9.5% |
| Taxes, remuneration and social security | 45 | €20,970 | €13,360 | -€7,610 | -36.3% |
| Taxes | 450/3 | €4,169 | €2,897 | -€1,272 | -30.5% |
| Remuneration and social security | 454/9 | €16,801 | €10,463 | -€6,339 | -37.7% |
| Other amounts payable | 47/48 | €125,781 | €88,323 | -€37,458 | -29.8% |
| Accrued charges and deferred income | 492/3 | €27,620 | €38,677 | +€11,057 | +40.0% |
| Non-recurring operating income | 76A | €2,400 | €2,383 | -€17 | -0.7% |
| Remuneration, social security and pensions | 62 | €301,468 | €250,742 | -€50,727 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,027 | €47,714 | -€8,313 | -14.8% |
| Other operating charges | 640/8 | €7,454 | €25,636 | +€18,182 | +244% |
| Non-recurring operating charges | 66A | - | €216 | +€216 | |
| Gross operating margin | 9900 | €423,499 | €394,387 | -€29,112 | -6.9% |
| Operating profit (loss) | 9901 | €58,549 | €70,079 | +€11,530 | +19.7% |
| Financial income | 75/76B | €658 | €2,913 | +€2,255 | +343% |
| Recurring financial income | 75 | €658 | €2,913 | +€2,255 | +343% |
| Financial charges | 65/66B | €38,532 | €31,781 | -€6,751 | -17.5% |
| Recurring financial charges | 65 | €38,532 | €31,781 | -€6,751 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €20,675 | €41,211 | +€20,536 | +99.3% |
| Income taxes | 67/77 | €0 | €1,275 | +€1,275 | |
| Profit (loss) for the period | 9904 | €20,675 | €39,936 | +€19,261 | +93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,675 | €39,936 | +€19,261 | +93.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.