SELECT BUILDING: what changed
What changed
SELECT BUILDING
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€12,103
2024 · -€164,033+€151,930
Equity
-€74,091
2024 · -€61,988-€12,103
Cash
€166,006
2024 · €28,121+€137,885
Balance sheet total
€1.3m
2024 · €942,116+€318,446
Largest movements
Assets
- Stocks and contracts +€206,029
up €206,029 (+25.0%), from €822,837 to €1.0m
- Cash +€137,885
up €137,885 (+490%), from €28,121 to €166,006
mainly Debts after one year (+€325,030) and Tax, wage and social debts (+€66,951)
- Receivables within one year -€25,756
down €25,756 (-30.4%), from €84,782 to €59,026
of which Trade receivables: -€25,756
Equity and liabilities
- Debts after one year +€325,030
up €325,030 (+38.1%), from €852,970 to €1.2m
- Other debts -€87,073
down €87,073 (-77.5%), from €112,395 to €25,322
- Tax, wage and social debts +€66,951
up €66,951 (+657%), from €10,190 to €77,141
Income statement
- Gross operating margin +€213,655
up €213,655, from -€95,145 to €118,509
- Other operating charges +€33,852
up €33,852 (+277%), from €12,237 to €46,089
- Financial charges +€30,532
up €30,532 (+59.2%), from €51,570 to €82,102
- Depreciation -€5,460
down €5,460 (-86.9%), from €6,286 to €826
- Taxes +€1,595
up €1,595, from €0 to €1,595
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
-€164,033
Gross operating margin
+€213,655
Depreciation
+€5,460
Other operating charges
-€33,852
Financial income
-€1,205
Financial charges
-€30,532
Taxes
-€1,595
Result 2025
-€12,103
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
-€196,145
Investment
-€2,900
Financing
+€336,930
Cash 2024
€28,121
From operations (derived)
-€196,145
Net result for the year
-€12,103
Depreciation
+€826
Stocks and contracts
-€206,029
Receivables within one year
+€25,756
Deferred charges and accrued income
+€1,785
Trade debts
+€4,086
Tax, wage and social debts
+€66,951
Other debts
-€87,073
Accrued charges and deferred income
+€9,655
Investment (derived)
-€2,900
Investment in fixed assets (net)
-€2,900
Financing
+€336,930
Debts after one year
+€325,030
Current portion of long-term debt
+€11,900
Cash 2025
€166,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €942,116 | €1,260,562 | +€318,446 | +33.8% |
| Fixed assets | 21/28 | €3,884 | €5,957 | +€2,074 | +53.4% |
| Tangible fixed assets | 22/27 | €3,834 | €5,907 | +€2,074 | +54.1% |
| Plant, machinery and equipment | 23 | €1,202 | €3,963 | +€2,761 | +230% |
| Furniture and vehicles | 24 | €2,632 | €1,945 | -€687 | -26.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €938,232 | €1,254,605 | +€316,372 | +33.7% |
| Stocks and contracts in progress | 3 | €822,837 | €1,028,865 | +€206,029 | +25.0% |
| Stocks | 30/36 | €822,837 | €1,028,865 | +€206,029 | +25.0% |
| Amounts receivable within one year | 40/41 | €84,782 | €59,026 | -€25,756 | -30.4% |
| Trade receivables | 40 | €81,260 | €55,504 | -€25,756 | -31.7% |
| Other amounts receivable | 41 | €3,522 | €3,522 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,121 | €166,006 | +€137,885 | +490% |
| Deferred charges and accrued income | 490/1 | €2,493 | €708 | -€1,785 | -71.6% |
| Total equity and liabilities | 10/49 | €942,116 | €1,260,562 | +€318,446 | +33.8% |
| Equity | 10/15 | -€61,988 | -€74,091 | -€12,103 | -19.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €22,817 | €22,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €16,667 | €16,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,305 | -€158,408 | -€12,103 | -8.3% |
| Amounts payable | 17/49 | €1,004,104 | €1,334,653 | +€330,549 | +32.9% |
| Amounts payable after more than one year | 17 | €852,970 | €1,178,000 | +€325,030 | +38.1% |
| Financial debts | 170/4 | €852,970 | €1,178,000 | +€325,030 | +38.1% |
| Amounts payable within one year | 42/48 | €132,050 | €127,913 | -€4,136 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,900 | +€11,900 | |
| Trade debts | 44 | €9,465 | €13,550 | +€4,086 | +43.2% |
| Suppliers | 440/4 | €9,465 | €13,550 | +€4,086 | +43.2% |
| Taxes, remuneration and social security | 45 | €10,190 | €77,141 | +€66,951 | +657% |
| Taxes | 450/3 | €10,190 | €77,141 | +€66,951 | +657% |
| Other amounts payable | 47/48 | €112,395 | €25,322 | -€87,073 | -77.5% |
| Accrued charges and deferred income | 492/3 | €19,084 | €28,739 | +€9,655 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,286 | €826 | -€5,460 | -86.9% |
| Other operating charges | 640/8 | €12,237 | €46,089 | +€33,852 | +277% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€95,145 | €118,509 | +€213,655 | |
| Operating profit (loss) | 9901 | -€113,668 | €71,594 | +€185,262 | |
| Financial income | 75/76B | €1,205 | €0 | -€1,205 | -100% |
| Recurring financial income | 75 | €1,205 | €0 | -€1,205 | -100% |
| Financial charges | 65/66B | €51,570 | €82,102 | +€30,532 | +59.2% |
| Recurring financial charges | 65 | €51,570 | €82,102 | +€30,532 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€164,033 | -€10,508 | +€153,525 | +93.6% |
| Income taxes | 67/77 | €0 | €1,595 | +€1,595 | |
| Profit (loss) for the period | 9904 | -€164,033 | -€12,103 | +€151,930 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,033 | -€12,103 | +€151,930 | +92.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.