B-20: 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.
B-20
Largest movements
- Receivables within one year -€20,362
down €20,362 (-15.7%), from €129,651 to €109,289
of which Other amounts receivable: -€13,000
- Cash +€2,767
up €2,767 (+86.4%), from €3,203 to €5,970
mainly Receivables within one year (+€20,362) and Tax, wage and social debts (+€2,327)
- Deferred charges and accrued income +€1,874
up €1,874 (+120%), from €1,558 to €3,432
- Other debts -€19,743
down €19,743 (-35.5%), from €55,691 to €35,948
- Tax, wage and social debts +€2,327
up €2,327 (+35.7%), from €6,515 to €8,842
- Profit (loss) carried forward +€2,240
up €2,240 (+4.2%), from €53,833 to €56,073
- Depreciation -€1,700
down €1,700 (-71.9%), from €2,366 to €666
- Gross operating margin -€967
down €967 (-9.9%), from €9,764 to €8,797
- Financial charges +€666
up €666 (+22.6%), from €2,948 to €3,614
- Taxes +€565
up €565 (+18.9%), from €2,982 to €3,547
- Other operating charges +€107
up €107 (+21.4%), from €499 to €606
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 | €137,266 | €121,575 | -€15,691 | -11.4% |
| Fixed assets | 21/28 | €2,854 | €2,884 | +€30 | +1.1% |
| Tangible fixed assets | 22/27 | €2,854 | €2,884 | +€30 | +1.1% |
| Plant, machinery and equipment | 23 | €2,854 | €2,884 | +€30 | +1.1% |
| Current assets | 29/58 | €134,412 | €118,691 | -€15,721 | -11.7% |
| Amounts receivable within one year | 40/41 | €129,651 | €109,289 | -€20,362 | -15.7% |
| Trade receivables | 40 | €29,451 | €22,089 | -€7,362 | -25.0% |
| Other amounts receivable | 41 | €100,200 | €87,200 | -€13,000 | -13.0% |
| Cash at bank and in hand | 54/58 | €3,203 | €5,970 | +€2,767 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,558 | €3,432 | +€1,874 | +120% |
| Total equity and liabilities | 10/49 | €137,266 | €121,575 | -€15,691 | -11.4% |
| Equity | 10/15 | €68,833 | €71,073 | +€2,240 | +3.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,833 | €56,073 | +€2,240 | +4.2% |
| Amounts payable | 17/49 | €68,433 | €50,502 | -€17,931 | -26.2% |
| Amounts payable within one year | 42/48 | €65,624 | €47,026 | -€18,598 | -28.3% |
| Trade debts | 44 | €3,418 | €2,236 | -€1,182 | -34.6% |
| Suppliers | 440/4 | €3,418 | €2,236 | -€1,182 | -34.6% |
| Taxes, remuneration and social security | 45 | €6,515 | €8,842 | +€2,327 | +35.7% |
| Taxes | 450/3 | €6,515 | €8,842 | +€2,327 | +35.7% |
| Other amounts payable | 47/48 | €55,691 | €35,948 | -€19,743 | -35.5% |
| Accrued charges and deferred income | 492/3 | €2,809 | €3,476 | +€667 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,366 | €666 | -€1,700 | -71.9% |
| Other operating charges | 640/8 | €499 | €606 | +€107 | +21.4% |
| Gross operating margin | 9900 | €9,764 | €8,797 | -€967 | -9.9% |
| Operating profit (loss) | 9901 | €6,899 | €7,525 | +€626 | +9.1% |
| Financial income | 75/76B | €1,809 | €1,876 | +€67 | +3.7% |
| Recurring financial income | 75 | €1,809 | €1,876 | +€67 | +3.7% |
| Financial charges | 65/66B | €2,948 | €3,614 | +€666 | +22.6% |
| Recurring financial charges | 65 | €2,948 | €3,614 | +€666 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €5,760 | €5,787 | +€27 | +0.5% |
| Income taxes | 67/77 | €2,982 | €3,547 | +€565 | +18.9% |
| Profit (loss) for the period | 9904 | €2,778 | €2,240 | -€538 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,778 | €2,240 | -€538 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.