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.
B & A
Largest movements
- Cash -€22,329
down €22,329 (-16.7%), from €133,872 to €111,543
mainly Stocks and contracts (-€15,750) and Receivables within one year (-€13,988)
- Stocks and contracts +€15,750
up €15,750 (+33.2%), from €47,500 to €63,250
- Receivables within one year +€13,988
up €13,988 (+16.2%), from €86,274 to €100,262
- Trade debts +€27,846
up €27,846 (+96.8%), from €28,772 to €56,618
- Debts after one year -€8,759
down €8,759 (-63.9%), from €13,713 to €4,953
- Short-term financial debts -€7,911
down €7,911 (-53.0%), from €14,924 to €7,014
- Profit (loss) carried forward +€4,563
up €4,563 (+2.9%), from €156,369 to €160,933
- Tax, wage and social debts -€4,412
down €4,412 (-8.2%), from €53,994 to €49,582
of which Remuneration and social security: -€16,000
- Gross operating margin +€25,830
up €25,830 (+33.8%), from €76,394 to €102,223
- Staff costs +€18,459
up €18,459 (+33.9%), from €54,420 to €72,880
- Taxes +€4,670
up €4,670 (+173.0%), from €2,700 to €7,370
- Financial charges +€3,251
up €3,251 (+56.3%), from €5,778 to €9,029
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 | €285,644 | €295,918 | +€10,274 | +3.6% |
| Fixed assets | 21/28 | €17,380 | €19,811 | +€2,430 | +14.0% |
| Tangible fixed assets | 22/27 | €17,380 | €19,811 | +€2,430 | +14.0% |
| Plant, machinery and equipment | 23 | €834 | €497 | -€338 | -40.5% |
| Furniture and vehicles | 24 | €16,546 | €19,314 | +€2,768 | +16.7% |
| Current assets | 29/58 | €268,264 | €276,107 | +€7,843 | +2.9% |
| Stocks and contracts in progress | 3 | €47,500 | €63,250 | +€15,750 | +33.2% |
| Stocks | 30/36 | €47,500 | €63,250 | +€15,750 | +33.2% |
| Amounts receivable within one year | 40/41 | €86,274 | €100,262 | +€13,988 | +16.2% |
| Other amounts receivable | 41 | €86,274 | €100,262 | +€13,988 | +16.2% |
| Cash at bank and in hand | 54/58 | €133,872 | €111,543 | -€22,329 | -16.7% |
| Deferred charges and accrued income | 490/1 | €618 | €1,052 | +€434 | +70.3% |
| Total equity and liabilities | 10/49 | €285,644 | €295,918 | +€10,274 | +3.6% |
| Equity | 10/15 | €164,429 | €168,993 | +€4,563 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,369 | €160,933 | +€4,563 | +2.9% |
| Amounts payable | 17/49 | €121,215 | €126,925 | +€5,710 | +4.7% |
| Amounts payable after more than one year | 17 | €13,713 | €4,953 | -€8,759 | -63.9% |
| Financial debts | 170/4 | €13,713 | €4,953 | -€8,759 | -63.9% |
| Amounts payable within one year | 42/48 | €107,502 | €121,972 | +€14,470 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €9,812 | €8,759 | -€1,053 | -10.7% |
| Financial debts | 43 | €14,924 | €7,014 | -€7,911 | -53.0% |
| Credit institutions | 430/8 | €14,924 | €7,014 | -€7,911 | -53.0% |
| Trade debts | 44 | €28,772 | €56,618 | +€27,846 | +96.8% |
| Suppliers | 440/4 | €28,772 | €56,618 | +€27,846 | +96.8% |
| Taxes, remuneration and social security | 45 | €53,994 | €49,582 | -€4,412 | -8.2% |
| Taxes | 450/3 | €37,994 | €49,582 | +€11,587 | +30.5% |
| Remuneration and social security | 454/9 | €16,000 | - | -€16,000 | |
| Remuneration, social security and pensions | 62 | €54,420 | €72,880 | +€18,459 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,590 | €5,070 | +€480 | +10.5% |
| Other operating charges | 640/8 | €2,686 | €3,312 | +€626 | +23.3% |
| Gross operating margin | 9900 | €76,394 | €102,223 | +€25,830 | +33.8% |
| Operating profit (loss) | 9901 | €14,698 | €20,962 | +€6,265 | +42.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,778 | €9,029 | +€3,251 | +56.3% |
| Recurring financial charges | 65 | €5,778 | €9,029 | +€3,251 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €8,920 | €11,934 | +€3,014 | +33.8% |
| Income taxes | 67/77 | €2,700 | €7,370 | +€4,670 | +173.0% |
| Profit (loss) for the period | 9904 | €6,220 | €4,563 | -€1,656 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,220 | €4,563 | -€1,656 | -26.6% |
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 6 October 2026 via checked.be.