YOUNG BUILDING PROJECTS: what changed
What changed
YOUNG BUILDING PROJECTS
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€66,286
2024 · €47,589-€113,875
Equity
€172,646
2024 · €238,932-€66,286
Cash
€18,013
2024 · €34,536-€16,523
Balance sheet total
€1.6m
2024 · €1.2m+€349,507
Largest movements
Assets
- Receivables within one year +€279,272
up €279,272 (+40.6%), from €688,020 to €967,291
of which Trade receivables: +€273,146
- Stocks and contracts +€80,000
up €80,000, from €0 to €80,000
- Cash -€16,523
down €16,523 (-47.8%), from €34,536 to €18,013
mainly Receivables within one year (-€279,272) and Stocks and contracts (-€80,000)
Equity and liabilities
- Trade debts +€199,569
up €199,569 (+38.3%), from €520,700 to €720,268
- Advances received +€106,600
up €106,600, from €0 to €106,600
- Other debts +€72,672
up €72,672 (+30.8%), from €235,697 to €308,369
- Profit (loss) carried forward -€66,286
down €66,286 (-97.3%), from €68,109 to €1,823
- Tax, wage and social debts +€28,205
up €28,205 (+16.9%), from €166,988 to €195,193
of which Remuneration and social security: +€14,339
Income statement
- Gross operating margin -€97,955
down €97,955 (-46.1%), from €212,662 to €114,706
- Taxes -€22,143
down €22,143 (-96.9%), from €22,854 to €711
- Staff costs +€17,416
up €17,416 (+14.1%), from €123,655 to €141,071
- Financial charges +€10,796
up €10,796 (+159%), from €6,803 to €17,599
- Other operating charges +€8,734
up €8,734 (+105%), from €8,294 to €17,028
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
€47,589
Gross operating margin
-€97,955
Staff costs
-€17,416
Depreciation
+€521
Other operating charges
-€8,734
Financial income
-€1,637
Financial charges
-€10,796
Taxes
+€22,143
Result 2025
-€66,286
raises the resultlowers the result
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
-€6,864
Investment
-€17,465
Financing
+€7,806
Cash 2024
€34,536
From operations (derived)
-€6,864
Net result for the year
-€66,286
Depreciation
+€8,386
Stocks and contracts
-€80,000
Receivables within one year
-€279,272
Deferred charges and accrued income
+€2,321
Trade debts
+€199,569
Tax, wage and social debts
+€28,205
Advances received
+€106,600
Other debts
+€72,672
Accrued charges and deferred income
+€941
Investment (derived)
-€17,465
Investment in fixed assets (net)
-€17,465
Financing
+€7,806
Current portion of long-term debt
+€7,809
Short-term financial debts
-€4
Cash 2025
€18,013
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,229,955 | €1,579,462 | +€349,507 | +28.4% |
| Fixed assets | 21/28 | €356,210 | €365,289 | +€9,079 | +2.5% |
| Tangible fixed assets | 22/27 | €19,746 | €28,675 | +€8,929 | +45.2% |
| Plant, machinery and equipment | 23 | €18,989 | €13,018 | -€5,971 | -31.4% |
| Furniture and vehicles | 24 | €757 | €15,657 | +€14,900 | +1,968% |
| Financial fixed assets | 28 | €336,464 | €336,614 | +€150 | 0.0% |
| Current assets | 29/58 | €873,744 | €1,214,172 | +€340,428 | +39.0% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €80,000 | +€80,000 | |
| Contracts in progress | 37 | €0 | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €688,020 | €967,291 | +€279,272 | +40.6% |
| Trade receivables | 40 | €652,058 | €925,204 | +€273,146 | +41.9% |
| Other amounts receivable | 41 | €35,961 | €42,087 | +€6,126 | +17.0% |
| Cash at bank and in hand | 54/58 | €34,536 | €18,013 | -€16,523 | -47.8% |
| Deferred charges and accrued income | 490/1 | €11,189 | €8,868 | -€2,321 | -20.7% |
| Total equity and liabilities | 10/49 | €1,229,955 | €1,579,462 | +€349,507 | +28.4% |
| Equity | 10/15 | €238,932 | €172,646 | -€66,286 | -27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,623 | €164,623 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,244 | €42,244 | = | 0.0% |
| Distributable reserves | 133 | €122,378 | €122,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,109 | €1,823 | -€66,286 | -97.3% |
| Amounts payable | 17/49 | €991,023 | €1,406,816 | +€415,793 | +42.0% |
| Amounts payable within one year | 42/48 | €990,111 | €1,404,963 | +€414,851 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,809 | +€7,809 | |
| Financial debts | 43 | €66,726 | €66,723 | -€4 | 0.0% |
| Credit institutions | 430/8 | €66,726 | €66,723 | -€4 | 0.0% |
| Trade debts | 44 | €520,700 | €720,268 | +€199,569 | +38.3% |
| Suppliers | 440/4 | €520,700 | €720,268 | +€199,569 | +38.3% |
| Advances received on contracts in progress | 46 | €0 | €106,600 | +€106,600 | |
| Taxes, remuneration and social security | 45 | €166,988 | €195,193 | +€28,205 | +16.9% |
| Taxes | 450/3 | €147,953 | €161,819 | +€13,866 | +9.4% |
| Remuneration and social security | 454/9 | €19,035 | €33,374 | +€14,339 | +75.3% |
| Other amounts payable | 47/48 | €235,697 | €308,369 | +€72,672 | +30.8% |
| Accrued charges and deferred income | 492/3 | €912 | €1,853 | +€941 | +103% |
| Remuneration, social security and pensions | 62 | €123,655 | €141,071 | +€17,416 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,906 | €8,386 | -€521 | -5.8% |
| Other operating charges | 640/8 | €8,294 | €17,028 | +€8,734 | +105% |
| Gross operating margin | 9900 | €212,662 | €114,706 | -€97,955 | -46.1% |
| Operating profit (loss) | 9901 | €71,807 | -€51,778 | -€123,584 | |
| Financial income | 75/76B | €5,438 | €3,801 | -€1,637 | -30.1% |
| Recurring financial income | 75 | €5,438 | €3,801 | -€1,637 | -30.1% |
| Financial charges | 65/66B | €6,803 | €17,599 | +€10,796 | +159% |
| Recurring financial charges | 65 | €6,803 | €17,599 | +€10,796 | +159% |
| Profit (loss) for the period before taxes | 9903 | €70,442 | -€65,575 | -€136,017 | |
| Income taxes | 67/77 | €22,854 | €711 | -€22,143 | -96.9% |
| Profit (loss) for the period | 9904 | €47,589 | -€66,286 | -€113,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,589 | -€66,286 | -€113,875 |
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 2 November 2026 via checked.be.