WE BUILD FOR YOU: what changed
WE BUILD FOR YOU
Largest movements
- Cash +€198,368
up €198,368 (+332%), from €59,696 to €258,064
mainly Trade debts (+€123,884) and Receivables within one year (+€40,759)
- Receivables within one year -€40,759
down €40,759 (-83.9%), from €48,558 to €7,800
of which Trade receivables: -€34,415
- Trade debts +€123,884
up €123,884 (+188%), from €65,732 to €189,616
- Tax, wage and social debts +€18,207
up €18,207 (+129%), from €14,071 to €32,277
- Profit (loss) carried forward +€15,109
up €15,109 (+68.5%), from €22,056 to €37,165
- Taxes +€12,297
new in 2025: €12,297
- Gross operating margin -€4,785
down €4,785 (-14.5%), from €32,918 to €28,133
- Other operating charges +€811
new in 2025: €811
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,255 | €265,864 | +€157,609 | +146% |
| Current assets | 29/58 | €108,255 | €265,864 | +€157,609 | +146% |
| Amounts receivable within one year | 40/41 | €48,558 | €7,800 | -€40,759 | -83.9% |
| Trade receivables | 40 | €42,215 | €7,800 | -€34,415 | -81.5% |
| Other amounts receivable | 41 | €6,344 | - | -€6,344 | |
| Cash at bank and in hand | 54/58 | €59,696 | €258,064 | +€198,368 | +332% |
| Total equity and liabilities | 10/49 | €108,255 | €265,864 | +€157,609 | +146% |
| Equity | 10/15 | €28,256 | €43,365 | +€15,109 | +53.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,056 | €37,165 | +€15,109 | +68.5% |
| Amounts payable | 17/49 | €79,999 | €222,499 | +€142,500 | +178% |
| Amounts payable within one year | 42/48 | €79,999 | €222,090 | +€142,091 | +178% |
| Trade debts | 44 | €65,732 | €189,616 | +€123,884 | +188% |
| Suppliers | 440/4 | €65,732 | €189,616 | +€123,884 | +188% |
| Taxes, remuneration and social security | 45 | €14,071 | €32,277 | +€18,207 | +129% |
| Taxes | 450/3 | €14,071 | €32,277 | +€18,207 | +129% |
| Other amounts payable | 47/48 | €197 | €197 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €410 | +€410 | |
| Other operating charges | 640/8 | - | €811 | +€811 | |
| Gross operating margin | 9900 | €32,918 | €28,133 | -€4,785 | -14.5% |
| Operating profit (loss) | 9901 | €32,918 | €27,322 | -€5,595 | -17.0% |
| Financial income | 75/76B | €92 | €173 | +€81 | +88.4% |
| Recurring financial income | 75 | €92 | €173 | +€81 | +88.4% |
| Financial charges | 65/66B | €14 | €88 | +€74 | +516% |
| Recurring financial charges | 65 | €14 | €88 | +€74 | +516% |
| Profit (loss) for the period before taxes | 9903 | €32,995 | €27,406 | -€5,588 | -16.9% |
| Income taxes | 67/77 | - | €12,297 | +€12,297 | |
| Profit (loss) for the period | 9904 | €32,995 | €15,109 | -€17,886 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,995 | €15,109 | -€17,886 | -54.2% |
Next steps
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 5 November 2026 via checked.be.