Wall & Facade solutions: 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.
Wall & Facade solutions
Largest movements
- Stocks and contracts -€433,490
down €433,490 (-46.9%), from €924,087 to €490,597
- Receivables within one year -€246,821
down €246,821 (-66.1%), from €373,267 to €126,446
of which Trade receivables: -€225,724
- Cash -€182,299
down €182,299 (-96.6%), from €188,691 to €6,392
mainly Debts after one year (-€625,000) and Net result for the year (-€282,106)
- Tangible fixed assets -€75,169
down €75,169 (-32.7%), from €229,752 to €154,583
of which Plant, machinery and equipment: -€67,212
- Financial fixed assets -€56,480
no longer reported in 2025 (was €56,480)
- Debts after one year -€625,000
down €625,000 (-50.0%), from €1.3m to €625,000
- Profit (loss) carried forward -€282,106
down €282,106, from €78,020 to -€204,086
- Trade debts -€94,807
down €94,807 (-55.4%), from €171,074 to €76,267
- Other debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€35,100
down €35,100 (-28.5%), from €123,172 to €88,072
of which Taxes: -€34,556
- Gross operating margin -€957,985
down €957,985 (-87.5%), from €1.1m to €137,177
- Financial income +€614,452
up €614,452 (+3,586%), from €17,133 to €631,585
of which Non-recurring financial income: +€625,000
- Staff costs -€160,883
down €160,883 (-18.9%), from €851,671 to €690,788
- Write-downs +€128,985
new in 2025: €128,985
- Financial charges +€15,165
up €15,165 (+21.9%), from €69,253 to €84,418
of which Non-recurring financial charges: +€27,384
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 | €1,882,130 | €873,683 | -€1.0m | -53.6% |
| Fixed assets | 21/28 | €380,376 | €236,226 | -€144,149 | -37.9% |
| Intangible fixed assets | 21 | €94,144 | €81,644 | -€12,500 | -13.3% |
| Tangible fixed assets | 22/27 | €229,752 | €154,583 | -€75,169 | -32.7% |
| Land and buildings | 22 | €19,254 | €15,551 | -€3,704 | -19.2% |
| Plant, machinery and equipment | 23 | €205,962 | €138,749 | -€67,212 | -32.6% |
| Furniture and vehicles | 24 | €4,536 | €283 | -€4,253 | -93.8% |
| Financial fixed assets | 28 | €56,480 | - | -€56,480 | |
| Current assets | 29/58 | €1,501,754 | €637,456 | -€864,298 | -57.6% |
| Stocks and contracts in progress | 3 | €924,087 | €490,597 | -€433,490 | -46.9% |
| Stocks | 30/36 | €924,087 | €490,597 | -€433,490 | -46.9% |
| Amounts receivable within one year | 40/41 | €373,267 | €126,446 | -€246,821 | -66.1% |
| Trade receivables | 40 | €348,827 | €123,103 | -€225,724 | -64.7% |
| Other amounts receivable | 41 | €24,439 | €3,342 | -€21,097 | -86.3% |
| Cash at bank and in hand | 54/58 | €188,691 | €6,392 | -€182,299 | -96.6% |
| Deferred charges and accrued income | 490/1 | €15,710 | €14,021 | -€1,689 | -10.7% |
| Total equity and liabilities | 10/49 | €1,882,130 | €873,683 | -€1.0m | -53.6% |
| Equity | 10/15 | €178,020 | -€104,086 | -€282,106 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,020 | -€204,086 | -€282,106 | |
| Provisions and deferred taxes | 16 | - | €3,500 | +€3,500 | |
| Provisions for liabilities and charges | 160/5 | - | €3,500 | +€3,500 | |
| Other liabilities and charges | 164/5 | - | €3,500 | +€3,500 | |
| Amounts payable | 17/49 | €1,704,110 | €974,269 | -€729,841 | -42.8% |
| Amounts payable after more than one year | 17 | €1,250,000 | €625,000 | -€625,000 | -50.0% |
| Financial debts | 170/4 | €1,250,000 | €625,000 | -€625,000 | -50.0% |
| Amounts payable within one year | 42/48 | €294,246 | €214,338 | -€79,907 | -27.2% |
| Trade debts | 44 | €171,074 | €76,267 | -€94,807 | -55.4% |
| Suppliers | 440/4 | €171,074 | €76,267 | -€94,807 | -55.4% |
| Taxes, remuneration and social security | 45 | €123,172 | €88,072 | -€35,100 | -28.5% |
| Taxes | 450/3 | €51,104 | €16,548 | -€34,556 | -67.6% |
| Remuneration and social security | 454/9 | €72,068 | €71,523 | -€544 | -0.8% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €159,865 | €134,931 | -€24,934 | -15.6% |
| Remuneration, social security and pensions | 62 | €851,671 | €690,788 | -€160,883 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,812 | €87,669 | -€2,143 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €128,985 | +€128,985 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,500 | +€3,500 | |
| Other operating charges | 640/8 | €60,589 | €55,507 | -€5,082 | -8.4% |
| Gross operating margin | 9900 | €1,095,161 | €137,177 | -€957,985 | -87.5% |
| Operating profit (loss) | 9901 | €93,089 | -€829,272 | -€922,362 | |
| Financial income | 75/76B | €17,133 | €631,585 | +€614,452 | +3,586% |
| Recurring financial income | 75 | €17,133 | €6,585 | -€10,548 | -61.6% |
| Non-recurring financial income | 76B | - | €625,000 | +€625,000 | |
| Financial charges | 65/66B | €69,253 | €84,418 | +€15,165 | +21.9% |
| Recurring financial charges | 65 | €69,253 | €57,034 | -€12,219 | -17.6% |
| Non-recurring financial charges | 66B | - | €27,384 | +€27,384 | |
| Profit (loss) for the period before taxes | 9903 | €40,968 | -€282,106 | -€323,075 | |
| Income taxes | 67/77 | €10,746 | - | -€10,746 | |
| Profit (loss) for the period | 9904 | €30,222 | -€282,106 | -€312,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,222 | -€282,106 | -€312,328 |
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.