B & D CONSTRUCT: 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.
What changed
B & D CONSTRUCT
NACE 68.310, Real estate agency activities
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1,513
2025 · €41,865-€40,351
Equity
€2.0m
2025 · €2.0m-€21,487
Cash
€117,234
2025 · €203,878-€86,644
Balance sheet total
€3.5m
2025 · €3.7m-€158,880
Largest movements
Assets
- Tangible fixed assets -€110,905
down €110,905 (-3.9%), from €2.9m to €2.8m
- Cash -€86,644
down €86,644 (-42.5%), from €203,878 to €117,234
mainly Debts after one year (-€94,738) and Other debts (-€65,243)
Equity and liabilities
- Debts after one year -€94,738
down €94,738 (-7.7%), from €1.2m to €1.1m
of which Financial debts: -€94,738
- Other debts -€65,243
down €65,243 (-31.6%), from €206,732 to €141,489
Income statement
- Other operating charges +€25,337
up €25,337 (+139%), from €18,293 to €43,629
- Gross operating margin -€7,325
down €7,325 (-4.1%), from €179,220 to €171,896
- Taxes +€6,475
up €6,475 (+1,594%), from €406 to €6,882
- Financial charges +€1,917
up €1,917 (+8.2%), from €23,311 to €25,228
From the 2025 result to the 2026 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.
Result 2025
€41,865
Gross operating margin
-€7,325
Depreciation
-€23
Other operating charges
-€25,337
Financial income
+€725
Financial charges
-€1,917
Taxes
-€6,475
Result 2026
€1,513
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€31,019
Investment
-€1,017
Financing
-€116,646
Cash 2025
€203,878
From operations (derived)
+€31,019
Net result for the year
+€1,513
Depreciation
+€111,921
Receivables after one year
-€8,160
Receivables within one year
-€30,357
Deferred charges and accrued income
-€151
Provisions
-€7,678
Trade debts
+€10,540
Tax, wage and social debts
+€9,603
Other debts
-€65,243
Accrued charges and deferred income
+€9,030
Investment (derived)
-€1,017
Investment in fixed assets (net)
-€1,017
Financing
-€116,646
Debts after one year
-€94,738
Current portion of long-term debt
+€1,092
Contributions, distributions and other
-€23,000
Cash 2026
€117,234
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,696,843 | €3,537,963 | -€158,880 | -4.3% |
| Fixed assets | 21/28 | €2,861,380 | €2,750,476 | -€110,905 | -3.9% |
| Tangible fixed assets | 22/27 | €2,861,380 | €2,750,476 | -€110,905 | -3.9% |
| Land and buildings | 22 | €2,861,380 | €2,750,476 | -€110,905 | -3.9% |
| Current assets | 29/58 | €835,463 | €787,487 | -€47,976 | -5.7% |
| Amounts receivable after more than one year | 29 | €408,000 | €416,160 | +€8,160 | +2.0% |
| Other amounts receivable | 291 | €408,000 | €416,160 | +€8,160 | +2.0% |
| Stocks and contracts in progress | 3 | €101,360 | €101,360 | = | 0.0% |
| Stocks | 30/36 | €101,360 | €101,360 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €122,225 | €152,582 | +€30,357 | +24.8% |
| Trade receivables | 40 | €52,747 | €56,704 | +€3,957 | +7.5% |
| Other amounts receivable | 41 | €69,478 | €95,878 | +€26,399 | +38.0% |
| Cash at bank and in hand | 54/58 | €203,878 | €117,234 | -€86,644 | -42.5% |
| Deferred charges and accrued income | 490/1 | €0 | €151 | +€151 | |
| Total equity and liabilities | 10/49 | €3,696,843 | €3,537,963 | -€158,880 | -4.3% |
| Equity | 10/15 | €2,011,223 | €1,989,736 | -€21,487 | -1.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,948,723 | €1,927,105 | -€21,617 | -1.1% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €621,567 | €590,855 | -€30,712 | -4.9% |
| Distributable reserves | 133 | €1,320,906 | €1,330,000 | +€9,094 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | €131 | +€131 | |
| Provisions and deferred taxes | 16 | €150,704 | €143,026 | -€7,678 | -5.1% |
| Deferred taxes | 168 | €150,704 | €143,026 | -€7,678 | -5.1% |
| Amounts payable | 17/49 | €1,534,916 | €1,405,200 | -€129,716 | -8.5% |
| Amounts payable after more than one year | 17 | €1,223,719 | €1,128,981 | -€94,738 | -7.7% |
| Financial debts | 170/4 | €941,207 | €846,469 | -€94,738 | -10.1% |
| Other amounts payable | 178/9 | €282,512 | €282,512 | = | 0.0% |
| Amounts payable within one year | 42/48 | €310,647 | €266,639 | -€44,008 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €93,646 | €94,738 | +€1,092 | +1.2% |
| Trade debts | 44 | €4,140 | €14,680 | +€10,540 | +255% |
| Suppliers | 440/4 | €4,140 | €14,680 | +€10,540 | +255% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,130 | €15,733 | +€9,603 | +157% |
| Taxes | 450/3 | €6,130 | €15,733 | +€9,603 | +157% |
| Other amounts payable | 47/48 | €206,732 | €141,489 | -€65,243 | -31.6% |
| Accrued charges and deferred income | 492/3 | €550 | €9,580 | +€9,030 | +1,642% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,899 | €111,921 | +€23 | 0.0% |
| Other operating charges | 640/8 | €18,293 | €43,629 | +€25,337 | +139% |
| Gross operating margin | 9900 | €179,220 | €171,896 | -€7,325 | -4.1% |
| Operating profit (loss) | 9901 | €49,029 | €16,345 | -€32,684 | -66.7% |
| Financial income | 75/76B | €8,875 | €9,600 | +€725 | +8.2% |
| Recurring financial income | 75 | €8,875 | €9,600 | +€725 | +8.2% |
| Financial charges | 65/66B | €23,311 | €25,228 | +€1,917 | +8.2% |
| Recurring financial charges | 65 | €23,311 | €25,228 | +€1,917 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €34,593 | €717 | -€33,876 | -97.9% |
| Transfer from deferred taxes | 780 | €7,678 | €7,678 | = | 0.0% |
| Income taxes | 67/77 | €406 | €6,882 | +€6,475 | +1,594% |
| Profit (loss) for the period | 9904 | €41,865 | €1,513 | -€40,351 | -96.4% |
| Transfer from tax-exempt reserves | 789 | €30,712 | €30,712 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,576 | €32,225 | -€40,351 | -55.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.