B-aligned: 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-aligned
Largest movements
- Cash -€23,149
down €23,149 (-55.1%), from €42,025 to €18,876
mainly Contributions, distributions and other (-€69,633) and Other debts (-€11,376)
- Receivables within one year -€11,675
down €11,675 (-42.8%), from €27,289 to €15,614
of which Trade receivables: -€21,156
- Tangible fixed assets +€2,171
up €2,171 (+5.3%), from €40,942 to €43,113
of which Other tangible fixed assets: +€2,783
- Other debts -€11,376
down €11,376 (-50.8%), from €22,376 to €11,000
- Trade debts -€10,820
down €10,820 (-98.7%), from €10,963 to €143
- Profit (loss) carried forward -€10,773
down €10,773 (-18.4%), from €58,633 to €47,861
- Taxes +€4,426
up €4,426 (+27.9%), from €15,877 to €20,303
- Gross operating margin +€4,101
up €4,101 (+5.1%), from €80,390 to €84,492
- Financial charges -€941
down €941 (-78.8%), from €1,194 to €253
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 | €110,574 | €77,604 | -€32,970 | -29.8% |
| Fixed assets | 21/28 | €40,942 | €43,113 | +€2,171 | +5.3% |
| Tangible fixed assets | 22/27 | €40,942 | €43,113 | +€2,171 | +5.3% |
| Plant, machinery and equipment | 23 | €749 | €551 | -€199 | -26.5% |
| Furniture and vehicles | 24 | €507 | €94 | -€413 | -81.5% |
| Other tangible fixed assets | 26 | €39,686 | €42,469 | +€2,783 | +7.0% |
| Current assets | 29/58 | €69,632 | €34,490 | -€35,142 | -50.5% |
| Amounts receivable within one year | 40/41 | €27,289 | €15,614 | -€11,675 | -42.8% |
| Trade receivables | 40 | €21,156 | - | -€21,156 | |
| Other amounts receivable | 41 | €6,133 | €15,614 | +€9,482 | +155% |
| Cash at bank and in hand | 54/58 | €42,025 | €18,876 | -€23,149 | -55.1% |
| Deferred charges and accrued income | 490/1 | €318 | - | -€318 | |
| Total equity and liabilities | 10/49 | €110,574 | €77,604 | -€32,970 | -29.8% |
| Equity | 10/15 | €77,233 | €66,461 | -€10,773 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,633 | €47,861 | -€10,773 | -18.4% |
| Amounts payable | 17/49 | €33,340 | €11,143 | -€22,198 | -66.6% |
| Amounts payable within one year | 42/48 | €33,340 | €11,143 | -€22,198 | -66.6% |
| Trade debts | 44 | €10,963 | €143 | -€10,820 | -98.7% |
| Suppliers | 440/4 | €10,963 | €143 | -€10,820 | -98.7% |
| Taxes, remuneration and social security | 45 | €2 | - | -€2 | |
| Taxes | 450/3 | €2 | - | -€2 | |
| Other amounts payable | 47/48 | €22,376 | €11,000 | -€11,376 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,007 | €4,481 | +€474 | +11.8% |
| Other operating charges | 640/8 | €679 | €594 | -€86 | -12.6% |
| Gross operating margin | 9900 | €80,390 | €84,492 | +€4,101 | +5.1% |
| Operating profit (loss) | 9901 | €75,704 | €79,417 | +€3,713 | +4.9% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,194 | €253 | -€941 | -78.8% |
| Recurring financial charges | 65 | €1,194 | €253 | -€941 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €74,510 | €79,164 | +€4,654 | +6.2% |
| Income taxes | 67/77 | €15,877 | €20,303 | +€4,426 | +27.9% |
| Profit (loss) for the period | 9904 | €58,633 | €58,861 | +€227 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,633 | €58,861 | +€227 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.