B & B: 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 & B
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€164,645
2023 · -€94,577-€70,068
Equity
€443,032
2023 · €607,676-€164,645
Cash
-
2023 · €1,545-€1,545
Balance sheet total
€4.3m
2023 · €4.4m-€122,929
Largest movements
Assets
- Tangible fixed assets -€97,604
down €97,604 (-3.6%), from €2.7m to €2.6m
of which Land and buildings: -€96,838
Equity and liabilities
- Profit (loss) carried forward -€124,899
down €124,899 (-54.5%), from €229,053 to €104,154
- Short-term financial debts +€100,917
up €100,917 (+81.5%), from €123,754 to €224,671
Income statement
- Write-downs +€44,810
up €44,810, from -€1,722 to €43,088
- Gross operating margin -€20,230
down €20,230 (-14.7%), from €137,590 to €117,361
- Financial charges +€19,046
up €19,046 (+13.3%), from €142,800 to €161,846
of which Financial charges: +€18,539
- Other operating charges -€14,845
down €14,845 (-98.6%), from €15,063 to €218
- Financial income -€1,623
down €1,623 (-86.5%), from €1,877 to €254
From the 2023 result to the 2024 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 2023
-€94,577
Gross operating margin
-€20,230
Write-downs
-€44,810
Other operating charges
+€14,845
Financial income
-€1,623
Financial charges
-€19,046
Taxes
+€795
Result 2024
-€164,645
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€102,462
Investment
€0
Financing
+€100,917
Cash 2023
€1,545
From operations (derived)
-€102,462
Net result for the year
-€164,645
Depreciation
+€97,604
Receivables within one year
+€23,780
Provisions
-€20,466
Trade debts
+€584
Tax, wage and social debts
+€720
Other debts
-€40,039
Financing
+€100,917
Short-term financial debts
+€100,917
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,403,342 | €4,280,414 | -€122,929 | -2.8% |
| Fixed assets | 21/28 | €2,674,812 | €2,577,208 | -€97,604 | -3.6% |
| Tangible fixed assets | 22/27 | €2,674,212 | €2,576,608 | -€97,604 | -3.6% |
| Land and buildings | 22 | €1,141,718 | €1,044,880 | -€96,838 | -8.5% |
| Plant, machinery and equipment | 23 | €429 | €215 | -€215 | -50.0% |
| Furniture and vehicles | 24 | €632 | €81 | -€551 | -87.1% |
| Assets under construction and advance payments | 27 | €1,531,432 | €1,531,432 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,728,530 | €1,703,205 | -€25,325 | -1.5% |
| Stocks and contracts in progress | 3 | €1,672,893 | €1,672,893 | = | 0.0% |
| Stocks | 30/36 | €1,672,893 | €1,672,893 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,092 | €30,312 | -€23,780 | -44.0% |
| Trade receivables | 40 | €51,869 | €28,951 | -€22,918 | -44.2% |
| Other amounts receivable | 41 | €2,223 | €1,361 | -€862 | -38.8% |
| Cash at bank and in hand | 54/58 | €1,545 | - | -€1,545 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,403,342 | €4,280,414 | -€122,929 | -2.8% |
| Equity | 10/15 | €607,676 | €443,032 | -€164,645 | -27.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €316,623 | €276,878 | -€39,745 | -12.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €310,423 | €270,678 | -€39,745 | -12.8% |
| Profit (loss) carried forward | 14 | €229,053 | €104,154 | -€124,899 | -54.5% |
| Provisions and deferred taxes | 16 | €111,397 | €90,931 | -€20,466 | -18.4% |
| Deferred taxes | 168 | €111,397 | €90,931 | -€20,466 | -18.4% |
| Amounts payable | 17/49 | €3,684,269 | €3,746,451 | +€62,182 | +1.7% |
| Amounts payable after more than one year | 17 | €1,180,148 | €1,180,148 | = | 0.0% |
| Financial debts | 170/4 | €1,180,148 | €1,180,148 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,504,121 | €2,566,303 | +€62,182 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €1,170,357 | €1,170,357 | = | 0.0% |
| Financial debts | 43 | €123,754 | €224,671 | +€100,917 | +81.5% |
| Credit institutions | 430/8 | €123,754 | €224,671 | +€100,917 | +81.5% |
| Trade debts | 44 | €48,285 | €48,868 | +€584 | +1.2% |
| Suppliers | 440/4 | €48,285 | €48,868 | +€584 | +1.2% |
| Taxes, remuneration and social security | 45 | €2,714 | €3,434 | +€720 | +26.5% |
| Taxes | 450/3 | €2,714 | €3,421 | +€707 | +26.1% |
| Remuneration and social security | 454/9 | - | €13 | +€13 | |
| Other amounts payable | 47/48 | €1,159,011 | €1,118,972 | -€40,039 | -3.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,604 | €97,604 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,722 | €43,088 | +€44,810 | |
| Other operating charges | 640/8 | €15,063 | €218 | -€14,845 | -98.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €137,590 | €117,361 | -€20,230 | -14.7% |
| Operating profit (loss) | 9901 | €26,645 | -€23,549 | -€50,194 | |
| Financial income | 75/76B | €1,877 | €254 | -€1,623 | -86.5% |
| Recurring financial income | 75 | €1,877 | €254 | -€1,623 | -86.5% |
| Financial charges | 65/66B | €142,800 | €161,846 | +€19,046 | +13.3% |
| Recurring financial charges | 65 | €142,800 | €161,339 | +€18,539 | +13.0% |
| Non-recurring financial charges | 66B | - | €507 | +€507 | |
| Profit (loss) for the period before taxes | 9903 | -€114,278 | -€185,141 | -€70,863 | -62.0% |
| Transfer from deferred taxes | 780 | €20,466 | €20,466 | = | 0.0% |
| Income taxes | 67/77 | €765 | -€30 | -€795 | |
| Profit (loss) for the period | 9904 | -€94,577 | -€164,645 | -€70,068 | -74.1% |
| Transfer from tax-exempt reserves | 789 | €39,745 | €39,745 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,831 | -€124,899 | -€70,068 | -127.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.