B-BALANCED: 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-BALANCED
Largest movements
- Tangible fixed assets -€23,504
down €23,504 (-10.4%), from €226,317 to €202,813
of which Land and buildings: -€21,298
- Receivables within one year -€5,749
down €5,749 (-39.6%), from €14,519 to €8,770
of which Trade receivables: -€12,689
- Cash -€2,968
no longer reported in 2025 (was €2,968)
mainly Debts after one year (-€35,242) and Other debts (-€4,602)
- Debts after one year -€35,242
down €35,242 (-12.1%), from €292,096 to €256,854
- Profit (loss) carried forward +€8,392
up €8,392 (+3.8%), from -€219,604 to -€211,213
- Other debts -€4,602
down €4,602 (-5.9%), from €77,758 to €73,156
- Gross operating margin -€7,803
down €7,803 (-14.0%), from €55,652 to €47,849
- Financial charges -€1,251
down €1,251 (-14.2%), from €8,795 to €7,543
- Other operating charges +€619
up €619 (+15.6%), from €3,972 to €4,590
- Depreciation +€610
up €610 (+2.3%), from €26,636 to €27,246
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 | €247,249 | €214,534 | -€32,715 | -13.2% |
| Fixed assets | 21/28 | €226,317 | €202,813 | -€23,504 | -10.4% |
| Tangible fixed assets | 22/27 | €226,317 | €202,813 | -€23,504 | -10.4% |
| Land and buildings | 22 | €195,100 | €173,802 | -€21,298 | -10.9% |
| Plant, machinery and equipment | 23 | €31,217 | €29,011 | -€2,206 | -7.1% |
| Current assets | 29/58 | €20,932 | €11,721 | -€9,211 | -44.0% |
| Stocks and contracts in progress | 3 | €3,445 | €2,951 | -€494 | -14.3% |
| Stocks | 30/36 | €3,445 | €2,951 | -€494 | -14.3% |
| Amounts receivable within one year | 40/41 | €14,519 | €8,770 | -€5,749 | -39.6% |
| Trade receivables | 40 | €14,452 | €1,763 | -€12,689 | -87.8% |
| Other amounts receivable | 41 | €68 | €7,008 | +€6,940 | +10,271% |
| Cash at bank and in hand | 54/58 | €2,968 | - | -€2,968 | |
| Total equity and liabilities | 10/49 | €247,249 | €214,534 | -€32,715 | -13.2% |
| Equity | 10/15 | -€151,004 | -€142,613 | +€8,392 | +5.6% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,604 | -€211,213 | +€8,392 | +3.8% |
| Amounts payable | 17/49 | €398,253 | €357,147 | -€41,107 | -10.3% |
| Amounts payable after more than one year | 17 | €292,096 | €256,854 | -€35,242 | -12.1% |
| Financial debts | 170/4 | €292,096 | €256,854 | -€35,242 | -12.1% |
| Amounts payable within one year | 42/48 | €106,157 | €100,293 | -€5,865 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €22,081 | €22,958 | +€877 | +4.0% |
| Trade debts | 44 | €125 | - | -€125 | |
| Suppliers | 440/4 | €125 | - | -€125 | |
| Taxes, remuneration and social security | 45 | €6,193 | €4,178 | -€2,014 | -32.5% |
| Taxes | 450/3 | €6,193 | €4,178 | -€2,014 | -32.5% |
| Other amounts payable | 47/48 | €77,758 | €73,156 | -€4,602 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,636 | €27,246 | +€610 | +2.3% |
| Other operating charges | 640/8 | €3,972 | €4,590 | +€619 | +15.6% |
| Gross operating margin | 9900 | €55,652 | €47,849 | -€7,803 | -14.0% |
| Operating profit (loss) | 9901 | €25,044 | €16,013 | -€9,031 | -36.1% |
| Financial income | 75/76B | €39 | €8 | -€31 | -80.6% |
| Recurring financial income | 75 | €39 | €8 | -€31 | -80.6% |
| Financial charges | 65/66B | €8,795 | €7,543 | -€1,251 | -14.2% |
| Recurring financial charges | 65 | €8,795 | €7,543 | -€1,251 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €16,288 | €8,477 | -€7,811 | -48.0% |
| Income taxes | 67/77 | €197 | €85 | -€112 | -56.7% |
| Profit (loss) for the period | 9904 | €16,092 | €8,392 | -€7,700 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,092 | €8,392 | -€7,700 | -47.8% |
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 16 October 2026 via checked.be.