2 B REAL: 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 REAL
Largest movements
- Receivables within one year -€137,927
down €137,927 (-71.2%), from €193,850 to €55,923
of which Trade receivables: -€137,927
- Cash -€27,431
down €27,431 (-86.6%), from €31,681 to €4,250
mainly Other debts (-€100,108) and Net result for the year (-€54,701)
- Tangible fixed assets -€5,375
down €5,375 (-79.8%), from €6,738 to €1,362
of which Land and buildings: -€4,205
- Other debts -€100,108
down €100,108 (-70.2%), from €142,600 to €42,491
- Profit (loss) carried forward -€54,701
down €54,701, from €1,779 to -€52,922
- Trade debts -€15,918
down €15,918 (-65.5%), from €24,294 to €8,376
- Gross operating margin -€146,846
down €146,846 (-89.4%), from €164,336 to €17,490
- Staff costs +€68,970
new in 2025: €68,970
- Taxes -€30,971
down €30,971 (-99.2%), from €31,209 to €238
- Depreciation -€5,596
down €5,596 (-82.7%), from €6,766 to €1,170
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.
Cash bridge derived
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 | €234,043 | €62,997 | -€171,046 | -73.1% |
| Fixed assets | 21/28 | €6,938 | €2,562 | -€4,375 | -63.1% |
| Tangible fixed assets | 22/27 | €6,738 | €1,362 | -€5,375 | -79.8% |
| Land and buildings | 22 | €4,205 | - | -€4,205 | |
| Furniture and vehicles | 24 | €2,533 | €1,362 | -€1,170 | -46.2% |
| Financial fixed assets | 28 | €200 | €1,200 | +€1,000 | +500.0% |
| Current assets | 29/58 | €227,106 | €60,435 | -€166,671 | -73.4% |
| Amounts receivable within one year | 40/41 | €193,850 | €55,923 | -€137,927 | -71.2% |
| Trade receivables | 40 | €192,035 | €54,108 | -€137,927 | -71.8% |
| Other amounts receivable | 41 | €1,815 | €1,815 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,681 | €4,250 | -€27,431 | -86.6% |
| Deferred charges and accrued income | 490/1 | €1,575 | €263 | -€1,312 | -83.3% |
| Total equity and liabilities | 10/49 | €234,043 | €62,997 | -€171,046 | -73.1% |
| Equity | 10/15 | €22,239 | -€32,462 | -€54,701 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,779 | -€52,922 | -€54,701 | |
| Amounts payable | 17/49 | €211,804 | €95,459 | -€116,345 | -54.9% |
| Amounts payable within one year | 42/48 | €211,804 | €95,459 | -€116,345 | -54.9% |
| Financial debts | 43 | €836 | €88 | -€747 | -89.4% |
| Credit institutions | 430/8 | €836 | €88 | -€747 | -89.4% |
| Trade debts | 44 | €24,294 | €8,376 | -€15,918 | -65.5% |
| Suppliers | 440/4 | €24,294 | €8,376 | -€15,918 | -65.5% |
| Taxes, remuneration and social security | 45 | €44,075 | €44,504 | +€429 | +1.0% |
| Taxes | 450/3 | €44,075 | €30,509 | -€13,566 | -30.8% |
| Remuneration and social security | 454/9 | - | €13,994 | +€13,994 | |
| Other amounts payable | 47/48 | €142,600 | €42,491 | -€100,108 | -70.2% |
| Remuneration, social security and pensions | 62 | - | €68,970 | +€68,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,766 | €1,170 | -€5,596 | -82.7% |
| Other operating charges | 640/8 | €860 | €964 | +€104 | +12.1% |
| Gross operating margin | 9900 | €164,336 | €17,490 | -€146,846 | -89.4% |
| Operating profit (loss) | 9901 | €156,710 | -€53,615 | -€210,324 | |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €236 | €940 | +€704 | +298.8% |
| Recurring financial charges | 65 | €236 | €940 | +€704 | +298.8% |
| Profit (loss) for the period before taxes | 9903 | €156,474 | -€54,463 | -€210,937 | |
| Income taxes | 67/77 | €31,209 | €238 | -€30,971 | -99.2% |
| Profit (loss) for the period | 9904 | €125,265 | -€54,701 | -€179,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,265 | -€54,701 | -€179,966 |
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 9 October 2026 via checked.be.