2 B FINANCE: 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.
2 B FINANCE
Largest movements
- Tangible fixed assets +€300,656
up €300,656 (+363%), from €82,834 to €383,489
of which Land and buildings: +€321,987
- Cash +€63,137
up €63,137 (+122%), from €51,797 to €114,934
mainly Debts after one year (+€271,432) and Net result for the year (+€198,572)
- Receivables within one year +€25,159
up €25,159 (+11.0%), from €227,936 to €253,095
of which Trade receivables: +€25,000
- Current investments -€14,738
down €14,738 (-13.3%), from €110,489 to €95,750
- Debts after one year +€271,432
up €271,432 (+514%), from €52,786 to €324,218
- Other debts +€52,413
up €52,413 (+76.3%), from €68,678 to €121,091
- Reserves +€47,100
up €47,100 (+9.0%), from €521,000 to €568,100
- Trade debts -€34,095
down €34,095 (-76.0%), from €44,856 to €10,761
- Short-term financial debts +€20,000
new in 2025: €20,000
- Gross operating margin +€148,225
up €148,225 (+120%), from €123,073 to €271,298
- Financial income +€71,673
up €71,673 (+2,778%), from €2,580 to €74,253
- Other operating charges +€40,854
up €40,854 (+1,501%), from €2,721 to €43,575
- Taxes +€36,272
up €36,272 (+129%), from €28,062 to €64,334
- Financial charges +€8,255
up €8,255 (+224%), from €3,682 to €11,937
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 | €722,120 | €1,100,404 | +€378,283 | +52.4% |
| Fixed assets | 21/28 | €331,608 | €632,264 | +€300,656 | +90.7% |
| Tangible fixed assets | 22/27 | €82,834 | €383,489 | +€300,656 | +363% |
| Land and buildings | 22 | - | €321,987 | +€321,987 | |
| Furniture and vehicles | 24 | €72,995 | €53,713 | -€19,282 | -26.4% |
| Other tangible fixed assets | 26 | €9,839 | €7,790 | -€2,049 | -20.8% |
| Financial fixed assets | 28 | €248,775 | €248,775 | = | 0.0% |
| Current assets | 29/58 | €390,512 | €468,139 | +€77,628 | +19.9% |
| Amounts receivable within one year | 40/41 | €227,936 | €253,095 | +€25,159 | +11.0% |
| Trade receivables | 40 | €150,000 | €175,000 | +€25,000 | +16.7% |
| Other amounts receivable | 41 | €77,936 | €78,095 | +€159 | +0.2% |
| Current investments | 50/53 | €110,489 | €95,750 | -€14,738 | -13.3% |
| Cash at bank and in hand | 54/58 | €51,797 | €114,934 | +€63,137 | +122% |
| Deferred charges and accrued income | 490/1 | €290 | €4,361 | +€4,071 | +1,404% |
| Total equity and liabilities | 10/49 | €722,120 | €1,100,404 | +€378,283 | +52.4% |
| Equity | 10/15 | €531,775 | €574,347 | +€42,572 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €521,000 | €568,100 | +€47,100 | +9.0% |
| Distributable reserves | 133 | €521,000 | €568,100 | +€47,100 | +9.0% |
| Profit (loss) carried forward | 14 | €4,575 | €47 | -€4,528 | -99.0% |
| Amounts payable | 17/49 | €190,345 | €526,056 | +€335,711 | +176% |
| Amounts payable after more than one year | 17 | €52,786 | €324,218 | +€271,432 | +514% |
| Financial debts | 170/4 | €52,786 | €324,218 | +€271,432 | +514% |
| Amounts payable within one year | 42/48 | €137,560 | €201,838 | +€64,279 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €17,501 | €28,568 | +€11,067 | +63.2% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €44,856 | €10,761 | -€34,095 | -76.0% |
| Suppliers | 440/4 | €44,856 | €10,761 | -€34,095 | -76.0% |
| Taxes, remuneration and social security | 45 | €6,524 | €21,418 | +€14,894 | +228% |
| Taxes | 450/3 | €6,524 | €21,418 | +€14,894 | +228% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €68,678 | €121,091 | +€52,413 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,472 | €27,133 | +€6,661 | +32.5% |
| Other operating charges | 640/8 | €2,721 | €43,575 | +€40,854 | +1,501% |
| Gross operating margin | 9900 | €123,073 | €271,298 | +€148,225 | +120% |
| Operating profit (loss) | 9901 | €99,880 | €200,590 | +€100,711 | +101% |
| Financial income | 75/76B | €2,580 | €74,253 | +€71,673 | +2,778% |
| Recurring financial income | 75 | €2,580 | €74,253 | +€71,673 | +2,778% |
| Financial charges | 65/66B | €3,682 | €11,937 | +€8,255 | +224% |
| Recurring financial charges | 65 | €3,682 | €11,937 | +€8,255 | +224% |
| Profit (loss) for the period before taxes | 9903 | €98,777 | €262,906 | +€164,129 | +166% |
| Income taxes | 67/77 | €28,062 | €64,334 | +€36,272 | +129% |
| Profit (loss) for the period | 9904 | €70,715 | €198,572 | +€127,857 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €70,715 | €198,572 | +€127,857 | +181% |
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 16 October 2026 via checked.be.