B & A: 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.
What changed
B & A
NACE 43.240, Other construction installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€642,873
2024 · -€34,381-€608,492
Equity
€336,673
2024 · €979,546-€642,873
Cash
€356,823
2024 · €328,569+€28,254
Balance sheet total
€2.6m
2024 · €3.2m-€612,891
Largest movements
Assets
- Receivables within one year -€607,810
down €607,810 (-24.4%), from €2.5m to €1.9m
of which Trade receivables: -€501,769
- Tangible fixed assets -€70,821
down €70,821 (-37.3%), from €189,681 to €118,860
of which Furniture and vehicles: -€67,559
Equity and liabilities
- Profit (loss) carried forward -€642,873
down €642,873 (-73.0%), from €880,532 to €237,658
- Short-term financial debts +€250,000
new in 2025: €250,000
- Trade debts -€192,596
down €192,596 (-14.9%), from €1.3m to €1.1m
- Accrued charges and deferred income -€37,835
down €37,835 (-83.7%), from €45,179 to €7,344
Income statement
- Gross operating margin -€350,679
down €350,679 (-4.4%), from €8.0m to €7.6m
- Other operating charges +€325,551
up €325,551 (+515.0%), from €63,214 to €388,764
- Write-downs -€88,161
down €88,161, from €73,691 to -€14,470
- Financial charges +€80,802
up €80,802 (+44.7%), from €180,905 to €261,707
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.
Result 2024
-€34,381
Gross operating margin
-€350,679
Staff costs
+€9,930
Depreciation
+€8,660
Write-downs
+€88,161
Other operating charges
-€325,551
Other operating items
-€1,541
Financial income
-€19,432
Financial charges
-€80,802
Taxes
+€62,761
Result 2025
-€642,873
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.
From operations
-€194,458
Investment
-€27,288
Financing
+€250,000
Cash 2024
€328,569
From operations (derived)
-€194,458
Net result for the year
-€642,873
Depreciation
+€82,617
Receivables within one year
+€607,810
Deferred charges and accrued income
-€21,994
Trade debts
-€192,596
Tax, wage and social debts
+€13,088
Other debts
-€2,674
Accrued charges and deferred income
-€37,835
Investment (derived)
-€27,288
Investment in fixed assets (net)
-€27,528
Current investments
+€241
Financing
+€250,000
Short-term financial debts
+€250,000
Cash 2025
€356,823
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,223,558 | €2,610,667 | -€612,891 | -19.0% |
| Fixed assets | 21/28 | €229,388 | €174,299 | -€55,089 | -24.0% |
| Tangible fixed assets | 22/27 | €189,681 | €118,860 | -€70,821 | -37.3% |
| Furniture and vehicles | 24 | €184,328 | €116,769 | -€67,559 | -36.7% |
| Other tangible fixed assets | 26 | €5,354 | €2,092 | -€3,262 | -60.9% |
| Financial fixed assets | 28 | €39,706 | €55,439 | +€15,732 | +39.6% |
| Current assets | 29/58 | €2,994,170 | €2,436,368 | -€557,802 | -18.6% |
| Amounts receivable within one year | 40/41 | €2,490,281 | €1,882,472 | -€607,810 | -24.4% |
| Trade receivables | 40 | €2,028,737 | €1,526,968 | -€501,769 | -24.7% |
| Other amounts receivable | 41 | €461,545 | €355,504 | -€106,041 | -23.0% |
| Current investments | 50/53 | €100,859 | €100,618 | -€241 | -0.2% |
| Cash at bank and in hand | 54/58 | €328,569 | €356,823 | +€28,254 | +8.6% |
| Deferred charges and accrued income | 490/1 | €74,461 | €96,455 | +€21,994 | +29.5% |
| Total equity and liabilities | 10/49 | €3,223,558 | €2,610,667 | -€612,891 | -19.0% |
| Equity | 10/15 | €979,546 | €336,673 | -€642,873 | -65.6% |
| Contributions | 10/11 | €88,592 | €88,592 | = | 0.0% |
| Reserves | 13 | €10,422 | €10,422 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,563 | €1,563 | = | 0.0% |
| Distributable reserves | 133 | €8,859 | €8,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €880,532 | €237,658 | -€642,873 | -73.0% |
| Amounts payable | 17/49 | €2,244,012 | €2,273,994 | +€29,983 | +1.3% |
| Amounts payable within one year | 42/48 | €2,198,833 | €2,266,650 | +€67,818 | +3.1% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €1,289,056 | €1,096,459 | -€192,596 | -14.9% |
| Suppliers | 440/4 | €1,289,056 | €1,096,459 | -€192,596 | -14.9% |
| Taxes, remuneration and social security | 45 | €906,494 | €919,582 | +€13,088 | +1.4% |
| Taxes | 450/3 | €261,329 | €253,873 | -€7,456 | -2.9% |
| Remuneration and social security | 454/9 | €645,164 | €665,709 | +€20,544 | +3.2% |
| Other amounts payable | 47/48 | €3,283 | €609 | -€2,674 | -81.5% |
| Accrued charges and deferred income | 492/3 | €45,179 | €7,344 | -€37,835 | -83.7% |
| Non-recurring operating income | 76A | - | €60,750 | +€60,750 | |
| Remuneration, social security and pensions | 62 | €7,566,469 | €7,556,539 | -€9,930 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,277 | €82,617 | -€8,660 | -9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €73,691 | -€14,470 | -€88,161 | |
| Other operating charges | 640/8 | €63,214 | €388,764 | +€325,551 | +515.0% |
| Non-recurring operating charges | 66A | - | €1,541 | +€1,541 | |
| Gross operating margin | 9900 | €7,985,401 | €7,634,722 | -€350,679 | -4.4% |
| Operating profit (loss) | 9901 | €190,751 | -€380,268 | -€571,019 | |
| Financial income | 75/76B | €30,495 | €11,064 | -€19,432 | -63.7% |
| Recurring financial income | 75 | €7,631 | €11,064 | +€3,433 | +45.0% |
| Non-recurring financial income | 76B | €22,865 | €0 | -€22,865 | -100.0% |
| Financial charges | 65/66B | €180,905 | €261,707 | +€80,802 | +44.7% |
| Recurring financial charges | 65 | €180,905 | €261,707 | +€80,802 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €40,341 | -€630,912 | -€671,253 | |
| Income taxes | 67/77 | €74,722 | €11,962 | -€62,761 | -84.0% |
| Profit (loss) for the period | 9904 | -€34,381 | -€642,873 | -€608,492 | -1769.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,381 | -€642,873 | -€608,492 | -1769.8% |
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 8 October 2026 via checked.be.