ToBUILD: 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.
ToBUILD
Largest movements
- Receivables within one year +€33,947
up €33,947 (+17.5%), from €193,567 to €227,514
of which Other amounts receivable: +€115,777
- Stocks and contracts -€18,411
down €18,411 (-98.2%), from €18,750 to €339
- Tangible fixed assets -€6,561
down €6,561 (-78.5%), from €8,363 to €1,802
- Reserves +€19,770
up €19,770 (+20.9%), from €94,597 to €114,367
- Other debts -€15,602
no longer reported in 2025 (was €15,602)
- Debts after one year -€12,527
no longer reported in 2025 (was €12,527)
- Trade debts +€9,019
up €9,019 (+11.8%), from €76,589 to €85,608
- Tax, wage and social debts +€6,065
new in 2025: €6,065
- Gross operating margin -€80,261
down €80,261 (-62.7%), from €128,025 to €47,765
- Taxes -€16,883
down €16,883 (-73.6%), from €22,948 to €6,065
- Financial income +€5,632
new in 2025: €5,632
- Other operating charges -€1,599
down €1,599 (-8.3%), from €19,359 to €17,760
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 | €222,049 | €229,938 | +€7,889 | +3.6% |
| Fixed assets | 21/28 | €8,363 | €1,802 | -€6,561 | -78.5% |
| Tangible fixed assets | 22/27 | €8,363 | €1,802 | -€6,561 | -78.5% |
| Furniture and vehicles | 24 | €8,363 | €1,802 | -€6,561 | -78.5% |
| Current assets | 29/58 | €213,686 | €228,136 | +€14,450 | +6.8% |
| Stocks and contracts in progress | 3 | €18,750 | €339 | -€18,411 | -98.2% |
| Stocks | 30/36 | €18,750 | €339 | -€18,411 | -98.2% |
| Amounts receivable within one year | 40/41 | €193,567 | €227,514 | +€33,947 | +17.5% |
| Trade receivables | 40 | €191,342 | €109,512 | -€81,830 | -42.8% |
| Other amounts receivable | 41 | €2,225 | €118,002 | +€115,777 | +5,204% |
| Cash at bank and in hand | 54/58 | €1,369 | €283 | -€1,087 | -79.4% |
| Total equity and liabilities | 10/49 | €222,049 | €229,938 | +€7,889 | +3.6% |
| Equity | 10/15 | €97,097 | €116,867 | +€19,770 | +20.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €94,597 | €114,367 | +€19,770 | +20.9% |
| Distributable reserves | 133 | €94,597 | €114,367 | +€19,770 | +20.9% |
| Amounts payable | 17/49 | €124,952 | €113,071 | -€11,881 | -9.5% |
| Amounts payable after more than one year | 17 | €12,527 | - | -€12,527 | |
| Financial debts | 170/4 | €12,527 | - | -€12,527 | |
| Amounts payable within one year | 42/48 | €112,425 | €113,071 | +€646 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €20,233 | €16,547 | -€3,686 | -18.2% |
| Financial debts | 43 | - | €4,850 | +€4,850 | |
| Credit institutions | 430/8 | - | €4,850 | +€4,850 | |
| Trade debts | 44 | €76,589 | €85,608 | +€9,019 | +11.8% |
| Suppliers | 440/4 | €76,589 | €85,608 | +€9,019 | +11.8% |
| Taxes, remuneration and social security | 45 | - | €6,065 | +€6,065 | |
| Taxes | 450/3 | - | €6,065 | +€6,065 | |
| Other amounts payable | 47/48 | €15,602 | - | -€15,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,773 | €6,561 | -€212 | -3.1% |
| Other operating charges | 640/8 | €19,359 | €17,760 | -€1,599 | -8.3% |
| Gross operating margin | 9900 | €128,025 | €47,765 | -€80,261 | -62.7% |
| Operating profit (loss) | 9901 | €101,893 | €23,444 | -€78,449 | -77.0% |
| Financial income | 75/76B | - | €5,632 | +€5,632 | |
| Recurring financial income | 75 | - | €5,632 | +€5,632 | |
| Financial charges | 65/66B | €2,649 | €3,240 | +€591 | +22.3% |
| Recurring financial charges | 65 | €2,649 | €3,240 | +€591 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €99,244 | €25,835 | -€73,409 | -74.0% |
| Income taxes | 67/77 | €22,948 | €6,065 | -€16,883 | -73.6% |
| Profit (loss) for the period | 9904 | €76,296 | €19,770 | -€56,526 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,296 | €19,770 | -€56,526 | -74.1% |
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 14 October 2026 via checked.be.