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.
B & B
Largest movements
- Tangible fixed assets -€39,802
down €39,802 (-56.7%), from €70,170 to €30,368
of which Furniture and vehicles: -€37,452
- Receivables within one year -€19,617
down €19,617 (-85.7%), from €22,883 to €3,266
of which Trade receivables: -€17,755
- Cash +€5,586
up €5,586 (+431.5%), from €1,295 to €6,881
mainly Investment in fixed assets (net) (+€37,215) and Receivables within one year (+€19,617)
- Other debts -€48,597
down €48,597 (-54.5%), from €89,124 to €40,527
- Debts after one year -€6,903
down €6,903 (-29.1%), from €23,687 to €16,784
- Depreciation +€587
up €587 (+29.4%), from €2,000 to €2,587
- Other operating charges -€516
down €516 (-27.9%), from €1,851 to €1,335
- Gross operating margin +€428
up €428 (+7.7%), from €5,562 to €5,990
- Taxes +€253
new in 2025: €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.
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 | €137,644 | €83,844 | -€53,800 | -39.1% |
| Fixed assets | 21/28 | €70,170 | €30,368 | -€39,802 | -56.7% |
| Tangible fixed assets | 22/27 | €70,170 | €30,368 | -€39,802 | -56.7% |
| Land and buildings | 22 | €861 | €695 | -€167 | -19.4% |
| Plant, machinery and equipment | 23 | €9,059 | €6,876 | -€2,183 | -24.1% |
| Furniture and vehicles | 24 | €60,249 | €22,797 | -€37,452 | -62.2% |
| Current assets | 29/58 | €67,474 | €53,476 | -€13,998 | -20.7% |
| Stocks and contracts in progress | 3 | €41,581 | €41,606 | +€25 | +0.1% |
| Stocks | 30/36 | €6,223 | €5,723 | -€500 | -8.0% |
| Contracts in progress | 37 | €35,358 | €35,883 | +€525 | +1.5% |
| Amounts receivable within one year | 40/41 | €22,883 | €3,266 | -€19,617 | -85.7% |
| Trade receivables | 40 | €20,055 | €2,300 | -€17,755 | -88.5% |
| Other amounts receivable | 41 | €2,828 | €966 | -€1,862 | -65.8% |
| Cash at bank and in hand | 54/58 | €1,295 | €6,881 | +€5,586 | +431.5% |
| Deferred charges and accrued income | 490/1 | €1,716 | €1,723 | +€7 | +0.4% |
| Total equity and liabilities | 10/49 | €137,644 | €83,844 | -€53,800 | -39.1% |
| Equity | 10/15 | €17,863 | €18,177 | +€314 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,059 | €8,059 | = | 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% |
| Distributable reserves | 133 | €6,199 | €6,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,796 | -€8,482 | +€314 | +3.6% |
| Amounts payable | 17/49 | €119,781 | €65,667 | -€54,114 | -45.2% |
| Amounts payable after more than one year | 17 | €23,687 | €16,784 | -€6,903 | -29.1% |
| Financial debts | 170/4 | €23,687 | €16,784 | -€6,903 | -29.1% |
| Amounts payable within one year | 42/48 | €96,094 | €48,883 | -€47,211 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €6,583 | €6,903 | +€320 | +4.9% |
| Trade debts | 44 | €387 | €1,200 | +€812 | +209.7% |
| Suppliers | 440/4 | €387 | €1,200 | +€812 | +209.7% |
| Taxes, remuneration and social security | 45 | - | €253 | +€253 | |
| Taxes | 450/3 | - | €253 | +€253 | |
| Other amounts payable | 47/48 | €89,124 | €40,527 | -€48,597 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,587 | +€587 | +29.4% |
| Other operating charges | 640/8 | €1,851 | €1,335 | -€516 | -27.9% |
| Gross operating margin | 9900 | €5,562 | €5,990 | +€428 | +7.7% |
| Operating profit (loss) | 9901 | €1,711 | €2,068 | +€357 | +20.8% |
| Financial income | 75/76B | €1 | €31 | +€30 | +3027.0% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +3027.0% |
| Financial charges | 65/66B | €1,526 | €1,531 | +€5 | +0.3% |
| Recurring financial charges | 65 | €1,526 | €1,531 | +€5 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €186 | €568 | +€382 | +205.0% |
| Income taxes | 67/77 | - | €253 | +€253 | |
| Profit (loss) for the period | 9904 | €186 | €314 | +€128 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €186 | €314 | +€128 | +68.9% |
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 1 October 2026 via checked.be.