B&3S: what changed
Two fiscal 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&3S
Largest movements
- Cash -€39,668
down €39,668 (-30.6%), from €129,810 to €90,141
mainly Contributions, distributions and other (-€90,000) and Other debts (-€10,884)
- Receivables within one year -€23,930
down €23,930 (-50.0%), from €47,892 to €23,961
of which Trade receivables: -€26,426
- Tangible fixed assets -€3,060
down €3,060 (-18.4%), from €16,662 to €13,602
of which Furniture and vehicles: -€1,746
- Profit (loss) carried forward -€36,238
down €36,238 (-80.4%), from €45,067 to €8,828
- Reserves -€22,224
no longer reported in 2025 (was €22,224)
- Other debts -€10,884
down €10,884 (-10.3%), from €105,204 to €94,320
- Financial charges +€3,298
up €3,298 (+515.3%), from €640 to €3,938
- Taxes +€1,409
up €1,409 (+15.7%), from €8,956 to €10,365
- Depreciation -€952
down €952 (-23.7%), from €4,012 to €3,060
- Gross operating margin -€739
down €739 (-1.5%), from €50,534 to €49,795
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 | €194,648 | €127,976 | -€66,672 | -34.3% |
| Fixed assets | 21/28 | €16,662 | €13,602 | -€3,060 | -18.4% |
| Tangible fixed assets | 22/27 | €16,662 | €13,602 | -€3,060 | -18.4% |
| Plant, machinery and equipment | 23 | €4,146 | €2,832 | -€1,314 | -31.7% |
| Furniture and vehicles | 24 | €12,516 | €10,770 | -€1,746 | -14.0% |
| Current assets | 29/58 | €177,985 | €114,373 | -€63,612 | -35.7% |
| Amounts receivable within one year | 40/41 | €47,892 | €23,961 | -€23,930 | -50.0% |
| Trade receivables | 40 | €38,707 | €12,282 | -€26,426 | -68.3% |
| Other amounts receivable | 41 | €9,185 | €11,680 | +€2,495 | +27.2% |
| Cash at bank and in hand | 54/58 | €129,810 | €90,141 | -€39,668 | -30.6% |
| Deferred charges and accrued income | 490/1 | €284 | €270 | -€13 | -4.6% |
| Total equity and liabilities | 10/49 | €194,648 | €127,976 | -€66,672 | -34.3% |
| Equity | 10/15 | €85,890 | €27,428 | -€58,462 | -68.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,224 | - | -€22,224 | |
| Distributable reserves | 133 | €22,224 | - | -€22,224 | |
| Profit (loss) carried forward | 14 | €45,067 | €8,828 | -€36,238 | -80.4% |
| Amounts payable | 17/49 | €108,757 | €100,547 | -€8,210 | -7.5% |
| Amounts payable within one year | 42/48 | €108,757 | €100,547 | -€8,210 | -7.5% |
| Trade debts | 44 | €2,299 | €3,298 | +€999 | +43.5% |
| Suppliers | 440/4 | €2,299 | €3,298 | +€999 | +43.5% |
| Taxes, remuneration and social security | 45 | €1,254 | €2,929 | +€1,675 | +133.6% |
| Taxes | 450/3 | €1,254 | €2,929 | +€1,675 | +133.6% |
| Other amounts payable | 47/48 | €105,204 | €94,320 | -€10,884 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,012 | €3,060 | -€952 | -23.7% |
| Other operating charges | 640/8 | €1,216 | €895 | -€322 | -26.4% |
| Non-recurring operating charges | 66A | €2,608 | - | -€2,608 | |
| Gross operating margin | 9900 | €50,534 | €49,795 | -€739 | -1.5% |
| Operating profit (loss) | 9901 | €42,697 | €45,840 | +€3,144 | +7.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €640 | €3,938 | +€3,298 | +515.3% |
| Recurring financial charges | 65 | €640 | €3,938 | +€3,298 | +515.3% |
| Profit (loss) for the period before taxes | 9903 | €42,057 | €41,903 | -€154 | -0.4% |
| Income taxes | 67/77 | €8,956 | €10,365 | +€1,409 | +15.7% |
| Profit (loss) for the period | 9904 | €33,101 | €31,538 | -€1,563 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,101 | €31,538 | -€1,563 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.