44B: 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.
44B
Largest movements
- Receivables within one year +€12,568
up €12,568 (+43.3%), from €29,039 to €41,607
of which Trade receivables: +€23,722
- Deferred charges and accrued income -€5,440
down €5,440 (-98.3%), from €5,534 to €94
- Cash -€3,973
down €3,973 (-12.5%), from €31,754 to €27,781
mainly Receivables within one year (-€12,568) and Trade debts (-€86)
- Profit (loss) carried forward +€3,007
up €3,007 (+22.2%), from -€13,540 to -€10,533
- Contributions -€1,859
down €1,859 (-9.1%), from €20,451 to €18,592
- Reserves +€1,859
new in 2025: €1,859
- Gross operating margin +€7,154
up €7,154, from -€2,543 to €4,611
- Other operating charges -€1,624
down €1,624 (-57.0%), from €2,851 to €1,227
- Financial charges -€248
down €248 (-61.2%), from €405 to €157
- Financial income -€54
down €54 (-100%), from €54 to €0
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 | €66,928 | €69,862 | +€2,934 | +4.4% |
| Fixed assets | 21/28 | €600 | €380 | -€220 | -36.7% |
| Tangible fixed assets | 22/27 | €277 | €56 | -€220 | -79.7% |
| Furniture and vehicles | 24 | €277 | €56 | -€220 | -79.7% |
| Financial fixed assets | 28 | €324 | €324 | = | 0.0% |
| Current assets | 29/58 | €66,328 | €69,482 | +€3,154 | +4.8% |
| Amounts receivable within one year | 40/41 | €29,039 | €41,607 | +€12,568 | +43.3% |
| Trade receivables | 40 | €4,616 | €28,338 | +€23,722 | +514% |
| Other amounts receivable | 41 | €24,423 | €13,269 | -€11,154 | -45.7% |
| Cash at bank and in hand | 54/58 | €31,754 | €27,781 | -€3,973 | -12.5% |
| Deferred charges and accrued income | 490/1 | €5,534 | €94 | -€5,440 | -98.3% |
| Total equity and liabilities | 10/49 | €66,928 | €69,862 | +€2,934 | +4.4% |
| Equity | 10/15 | €6,912 | €9,918 | +€3,007 | +43.5% |
| Contributions | 10/11 | €20,451 | €18,592 | -€1,859 | -9.1% |
| Reserves | 13 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€13,540 | -€10,533 | +€3,007 | +22.2% |
| Amounts payable | 17/49 | €60,016 | €59,944 | -€73 | -0.1% |
| Amounts payable within one year | 42/48 | €60,016 | €59,944 | -€73 | -0.1% |
| Financial debts | 43 | €0 | €13 | +€13 | |
| Credit institutions | 430/8 | €0 | €13 | +€13 | |
| Trade debts | 44 | €59,854 | €59,768 | -€86 | -0.1% |
| Suppliers | 440/4 | €59,854 | €59,768 | -€86 | -0.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €163 | €163 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €220 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,851 | €1,227 | -€1,624 | -57.0% |
| Gross operating margin | 9900 | -€2,543 | €4,611 | +€7,154 | |
| Operating profit (loss) | 9901 | -€5,614 | €3,164 | +€8,778 | |
| Financial income | 75/76B | €54 | €0 | -€54 | -100% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -100% |
| Financial charges | 65/66B | €405 | €157 | -€248 | -61.2% |
| Recurring financial charges | 65 | €405 | €157 | -€248 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,965 | €3,007 | +€8,972 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,965 | €3,007 | +€8,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,965 | €3,007 | +€8,972 |
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 14 October 2026 via checked.be.