B 3: 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 3
Largest movements
- Stocks and contracts +€291,222
up €291,222 (+61.8%), from €471,194 to €762,416
- Receivables within one year +€27,071
up €27,071 (+393.0%), from €6,888 to €33,959
of which Trade receivables: +€18,565
- Debts after one year +€334,272
up €334,272 (+49.9%), from €669,332 to €1.0m
- Profit (loss) carried forward -€21,359
down €21,359 (-9.0%), from -€237,310 to -€258,669
- Taxes +€2,159
new in 2025: €2,159
- Financial charges -€216
down €216 (-63.1%), from €343 to €126
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 | €484,543 | €799,981 | +€315,438 | +65.1% |
| Fixed assets | 21/28 | €717 | €1,239 | +€523 | +72.9% |
| Tangible fixed assets | 22/27 | €517 | €239 | -€278 | -53.7% |
| Plant, machinery and equipment | 23 | €517 | €239 | -€278 | -53.7% |
| Financial fixed assets | 28 | €200 | €1,000 | +€800 | +400.0% |
| Current assets | 29/58 | €483,826 | €798,742 | +€314,916 | +65.1% |
| Stocks and contracts in progress | 3 | €471,194 | €762,416 | +€291,222 | +61.8% |
| Stocks | 30/36 | €471,194 | €762,416 | +€291,222 | +61.8% |
| Amounts receivable within one year | 40/41 | €6,888 | €33,959 | +€27,071 | +393.0% |
| Trade receivables | 40 | €6,427 | €24,992 | +€18,565 | +288.9% |
| Other amounts receivable | 41 | €461 | €8,967 | +€8,506 | +1845.1% |
| Cash at bank and in hand | 54/58 | €5,744 | €2,367 | -€3,377 | -58.8% |
| Total equity and liabilities | 10/49 | €484,543 | €799,981 | +€315,438 | +65.1% |
| Equity | 10/15 | -€212,259 | -€233,619 | -€21,359 | -10.1% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €5,550 | €5,550 | = | 0.0% |
| Distributable reserves | 133 | €5,550 | €5,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,310 | -€258,669 | -€21,359 | -9.0% |
| Amounts payable | 17/49 | €696,802 | €1,033,600 | +€336,797 | +48.3% |
| Amounts payable after more than one year | 17 | €669,332 | €1,003,604 | +€334,272 | +49.9% |
| Financial debts | 170/4 | €669,332 | €1,003,604 | +€334,272 | +49.9% |
| Amounts payable within one year | 42/48 | €25,170 | €27,695 | +€2,525 | +10.0% |
| Trade debts | 44 | €22,179 | €23,641 | +€1,462 | +6.6% |
| Suppliers | 440/4 | €22,179 | €23,641 | +€1,462 | +6.6% |
| Taxes, remuneration and social security | 45 | €250 | €1,313 | +€1,063 | +425.3% |
| Taxes | 450/3 | €250 | €1,313 | +€1,063 | +425.3% |
| Other amounts payable | 47/48 | €2,741 | €2,741 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,300 | €2,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €278 | = | 0.0% |
| Other operating charges | 640/8 | €934 | €863 | -€71 | -7.6% |
| Gross operating margin | 9900 | -€18,271 | -€18,090 | +€180 | +1.0% |
| Operating profit (loss) | 9901 | -€19,483 | -€19,231 | +€251 | +1.3% |
| Financial income | 75/76B | €74 | €157 | +€83 | +111.6% |
| Recurring financial income | 75 | €74 | €157 | +€83 | +111.6% |
| Financial charges | 65/66B | €343 | €126 | -€216 | -63.1% |
| Recurring financial charges | 65 | €343 | €126 | -€216 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,751 | -€19,201 | +€550 | +2.8% |
| Income taxes | 67/77 | - | €2,159 | +€2,159 | |
| Profit (loss) for the period | 9904 | -€19,751 | -€21,359 | -€1,608 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,751 | -€21,359 | -€1,608 | -8.1% |
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 9 October 2026 via checked.be.