B+ANALYTICS: 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+ANALYTICS
Largest movements
- Receivables within one year -€5,327
down €5,327 (-87.1%), from €6,115 to €787
- Deferred charges and accrued income -€4,131
no longer reported in 2025 (was €4,131)
- Tangible fixed assets -€2,810
down €2,810 (-43.7%), from €6,437 to €3,627
of which Furniture and vehicles: -€2,670
- Profit (loss) carried forward -€29,665
down €29,665 (-116.1%), from -€25,548 to -€55,214
- Other debts +€15,849
new in 2025: €15,849
- Trade debts +€2,439
up €2,439 (+355.7%), from €686 to €3,125
- Short-term financial debts -€891
down €891 (-3.8%), from €23,636 to €22,745
- Gross operating margin -€4,367
down €4,367 (-12.1%), from -€35,967 to -€40,334
- Financial charges +€2,187
up €2,187 (+251.4%), from €870 to €3,057
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,237 | €6,969 | -€12,268 | -63.8% |
| Fixed assets | 21/28 | €8,992 | €6,182 | -€2,810 | -31.2% |
| Tangible fixed assets | 22/27 | €6,437 | €3,627 | -€2,810 | -43.7% |
| Furniture and vehicles | 24 | €5,147 | €2,477 | -€2,670 | -51.9% |
| Other tangible fixed assets | 26 | €1,290 | €1,150 | -€140 | -10.9% |
| Financial fixed assets | 28 | €2,555 | €2,555 | = | 0.0% |
| Current assets | 29/58 | €10,245 | €787 | -€9,458 | -92.3% |
| Amounts receivable within one year | 40/41 | €6,115 | €787 | -€5,327 | -87.1% |
| Other amounts receivable | 41 | €6,115 | €787 | -€5,327 | -87.1% |
| Deferred charges and accrued income | 490/1 | €4,131 | - | -€4,131 | |
| Total equity and liabilities | 10/49 | €19,237 | €6,969 | -€12,268 | -63.8% |
| Equity | 10/15 | -€5,088 | -€34,754 | -€29,665 | -583.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| 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 | -€25,548 | -€55,214 | -€29,665 | -116.1% |
| Amounts payable | 17/49 | €24,326 | €41,723 | +€17,397 | +71.5% |
| Amounts payable within one year | 42/48 | €24,326 | €41,723 | +€17,397 | +71.5% |
| Financial debts | 43 | €23,636 | €22,745 | -€891 | -3.8% |
| Credit institutions | 430/8 | €23,636 | €22,745 | -€891 | -3.8% |
| Trade debts | 44 | €686 | €3,125 | +€2,439 | +355.7% |
| Suppliers | 440/4 | €686 | €3,125 | +€2,439 | +355.7% |
| Taxes, remuneration and social security | 45 | €4 | €4 | = | 0.0% |
| Taxes | 450/3 | €4 | €4 | = | 0.0% |
| Other amounts payable | 47/48 | - | €15,849 | +€15,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €2,810 | -€153 | -5.2% |
| Other operating charges | 640/8 | €541 | €892 | +€351 | +65.0% |
| Gross operating margin | 9900 | -€35,967 | -€40,334 | -€4,367 | -12.1% |
| Operating profit (loss) | 9901 | -€39,471 | -€44,036 | -€4,565 | -11.6% |
| Financial charges | 65/66B | €870 | €3,057 | +€2,187 | +251.4% |
| Recurring financial charges | 65 | €870 | €3,057 | +€2,187 | +251.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,341 | -€47,094 | -€6,752 | -16.7% |
| Profit (loss) for the period | 9904 | -€40,341 | -€47,094 | -€6,752 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,341 | -€47,094 | -€6,752 | -16.7% |
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 11 October 2026 via checked.be.