B and See: 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 and See
Largest movements
- Receivables within one year +€57,299
up €57,299 (+201%), from €28,483 to €85,783
of which Other amounts receivable: +€35,000
- Tangible fixed assets +€19,847
up €19,847 (+427%), from €4,646 to €24,493
of which Other tangible fixed assets: +€16,112
- Cash -€9,514
down €9,514 (-12.9%), from €73,544 to €64,030
mainly Contributions, distributions and other (-€146,000) and Receivables within one year (-€57,299)
- Other debts +€124,176
up €124,176 (+451,713%), from €27 to €124,203
- Profit (loss) carried forward -€94,824
down €94,824 (-99.2%), from €95,625 to €801
- Tax, wage and social debts +€39,021
up €39,021 (+477%), from €8,184 to €47,205
of which Taxes: +€35,822
- Gross operating margin +€20,455
up €20,455 (+41.6%), from €49,219 to €69,673
- Taxes +€3,729
up €3,729 (+32.5%), from €11,473 to €15,202
- Depreciation +€876
up €876 (+50.1%), from €1,748 to €2,624
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 | €108,079 | €175,715 | +€67,636 | +62.6% |
| Fixed assets | 21/28 | €5,896 | €25,743 | +€19,847 | +337% |
| Tangible fixed assets | 22/27 | €4,646 | €24,493 | +€19,847 | +427% |
| Plant, machinery and equipment | 23 | €715 | €498 | -€217 | -30.4% |
| Furniture and vehicles | 24 | €2,369 | €6,322 | +€3,952 | +167% |
| Other tangible fixed assets | 26 | €1,561 | €17,673 | +€16,112 | +1,032% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €102,183 | €149,972 | +€47,789 | +46.8% |
| Amounts receivable within one year | 40/41 | €28,483 | €85,783 | +€57,299 | +201% |
| Trade receivables | 40 | €28,479 | €50,778 | +€22,299 | +78.3% |
| Other amounts receivable | 41 | €4 | €35,004 | +€35,000 | +782,998% |
| Cash at bank and in hand | 54/58 | €73,544 | €64,030 | -€9,514 | -12.9% |
| Deferred charges and accrued income | 490/1 | €155 | €159 | +€4 | +2.4% |
| Total equity and liabilities | 10/49 | €108,079 | €175,715 | +€67,636 | +62.6% |
| Equity | 10/15 | €98,125 | €3,301 | -€94,824 | -96.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,625 | €801 | -€94,824 | -99.2% |
| Amounts payable | 17/49 | €9,954 | €172,414 | +€162,460 | +1,632% |
| Amounts payable within one year | 42/48 | €9,954 | €172,414 | +€162,460 | +1,632% |
| Trade debts | 44 | €1,742 | €1,005 | -€737 | -42.3% |
| Suppliers | 440/4 | €1,742 | €1,005 | -€737 | -42.3% |
| Taxes, remuneration and social security | 45 | €8,184 | €47,205 | +€39,021 | +477% |
| Taxes | 450/3 | €8,184 | €44,006 | +€35,822 | +438% |
| Remuneration and social security | 454/9 | - | €3,199 | +€3,199 | |
| Other amounts payable | 47/48 | €27 | €124,203 | +€124,176 | +451,713% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €2,624 | +€876 | +50.1% |
| Other operating charges | 640/8 | €154 | €269 | +€115 | +74.8% |
| Gross operating margin | 9900 | €49,219 | €69,673 | +€20,455 | +41.6% |
| Operating profit (loss) | 9901 | €47,317 | €66,780 | +€19,463 | +41.1% |
| Financial income | 75/76B | €1 | €1 | +€1 | +128% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +128% |
| Financial charges | 65/66B | €632 | €403 | -€229 | -36.2% |
| Recurring financial charges | 65 | €142 | €140 | -€2 | -1.7% |
| Non-recurring financial charges | 66B | €490 | €263 | -€226 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €46,686 | €66,378 | +€19,692 | +42.2% |
| Income taxes | 67/77 | €11,473 | €15,202 | +€3,729 | +32.5% |
| Profit (loss) for the period | 9904 | €35,213 | €51,176 | +€15,963 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,213 | €51,176 | +€15,963 | +45.3% |
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 24 October 2026 via checked.be.