B & B BELGIUM EXPRESS: what changed
What changed
B & B BELGIUM EXPRESS
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
€37,646
2024 · €89,415-€51,769
Equity
€1.3m
2024 · €1.3m-€22,354
Cash
€38,662
2024 · €289,067-€250,405
Balance sheet total
€2.5m
2024 · €2.9m-€451,490
Largest movements
Assets
- Tangible fixed assets -€555,422
down €555,422 (-22.6%), from €2.5m to €1.9m
of which Furniture and vehicles: -€491,530
- Receivables within one year +€355,131
up €355,131 (+198%), from €179,267 to €534,397
of which Other amounts receivable: +€334,302
- Cash -€250,405
down €250,405 (-86.6%), from €289,067 to €38,662
mainly Receivables within one year (-€355,131) and Debts after one year (-€338,551)
Equity and liabilities
- Debts after one year -€338,551
down €338,551 (-34.8%), from €973,879 to €635,329
- Current portion of long-term debt -€68,255
down €68,255 (-16.8%), from €406,806 to €338,551
Income statement
- Gross operating margin -€100,396
down €100,396 (-14.9%), from €672,464 to €572,068
- Depreciation -€41,555
down €41,555 (-8.3%), from €498,651 to €457,096
- Financial charges -€7,180
down €7,180 (-15.3%), from €46,787 to €39,607
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,415
Gross operating margin
-€100,396
Depreciation
+€41,555
Other operating charges
+€694
Financial charges
+€7,180
Taxes
-€802
Result 2025
€37,646
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€117,403
Investment
+€98,998
Financing
-€466,806
Cash 2024
€289,067
From operations (derived)
+€117,403
Net result for the year
+€37,646
Depreciation
+€457,096
Receivables within one year
-€355,131
Deferred charges and accrued income
+€121
Trade debts
-€22,330
Investment (derived)
+€98,998
Investment in fixed assets (net)
+€98,998
Financing
-€466,806
Debts after one year
-€338,551
Current portion of long-term debt
-€68,255
Contributions, distributions and other
-€60,000
Cash 2025
€38,662
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,927,917 | €2,476,427 | -€451,490 | -15.4% |
| Fixed assets | 21/28 | €2,458,454 | €1,902,360 | -€556,094 | -22.6% |
| Intangible fixed assets | 21 | €2,888 | €2,217 | -€672 | -23.3% |
| Tangible fixed assets | 22/27 | €2,455,566 | €1,900,144 | -€555,422 | -22.6% |
| Land and buildings | 22 | €1,089,401 | €1,038,116 | -€51,286 | -4.7% |
| Plant, machinery and equipment | 23 | €18,153 | €5,547 | -€12,607 | -69.4% |
| Furniture and vehicles | 24 | €1,348,011 | €856,481 | -€491,530 | -36.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €469,463 | €574,067 | +€104,604 | +22.3% |
| Amounts receivable within one year | 40/41 | €179,267 | €534,397 | +€355,131 | +198% |
| Trade receivables | 40 | €165,953 | €186,781 | +€20,828 | +12.6% |
| Other amounts receivable | 41 | €13,314 | €347,616 | +€334,302 | +2,511% |
| Cash at bank and in hand | 54/58 | €289,067 | €38,662 | -€250,405 | -86.6% |
| Deferred charges and accrued income | 490/1 | €1,129 | €1,008 | -€121 | -10.7% |
| Total equity and liabilities | 10/49 | €2,927,917 | €2,476,427 | -€451,490 | -15.4% |
| Equity | 10/15 | €1,274,812 | €1,252,459 | -€22,354 | -1.8% |
| Contributions | 10/11 | €23,530 | €23,530 | = | 0.0% |
| Reserves | 13 | €1,251,282 | €1,228,929 | -€22,354 | -1.8% |
| Non-distributable reserves | 130/1 | €2,353 | €2,353 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,353 | €2,353 | = | 0.0% |
| Distributable reserves | 133 | €1,248,929 | €1,226,576 | -€22,354 | -1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,653,105 | €1,223,969 | -€429,136 | -26.0% |
| Amounts payable after more than one year | 17 | €973,879 | €635,329 | -€338,551 | -34.8% |
| Financial debts | 170/4 | €973,879 | €635,329 | -€338,551 | -34.8% |
| Amounts payable within one year | 42/48 | €679,226 | €588,640 | -€90,586 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €406,806 | €338,551 | -€68,255 | -16.8% |
| Trade debts | 44 | €272,420 | €250,089 | -€22,330 | -8.2% |
| Suppliers | 440/4 | €272,420 | €250,089 | -€22,330 | -8.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,431 | €16,435 | +€12,004 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498,651 | €457,096 | -€41,555 | -8.3% |
| Other operating charges | 640/8 | €20,531 | €19,838 | -€694 | -3.4% |
| Gross operating margin | 9900 | €672,464 | €572,068 | -€100,396 | -14.9% |
| Operating profit (loss) | 9901 | €153,282 | €95,134 | -€58,147 | -37.9% |
| Financial charges | 65/66B | €46,787 | €39,607 | -€7,180 | -15.3% |
| Recurring financial charges | 65 | €46,787 | €39,607 | -€7,180 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €106,495 | €55,527 | -€50,967 | -47.9% |
| Income taxes | 67/77 | €17,079 | €17,881 | +€802 | +4.7% |
| Profit (loss) for the period | 9904 | €89,415 | €37,646 | -€51,769 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,415 | €37,646 | -€51,769 | -57.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.