B-Body: 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-Body
Largest movements
- Stocks and contracts +€341,783
up €341,783 (+80.2%), from €425,999 to €767,782
- Deferred charges and accrued income -€219,208
down €219,208 (-91.4%), from €239,727 to €20,519
- Receivables within one year +€104,493
up €104,493 (+17.9%), from €585,337 to €689,829
of which Trade receivables: +€53,486
- Intangible fixed assets +€71,676
up €71,676 (+5673.0%), from €1,263 to €72,939
- Cash -€23,866
down €23,866 (-23.4%), from €101,959 to €78,093
mainly Trade debts (-€373,795) and Stocks and contracts (-€341,783)
- Debts after one year +€780,824
up €780,824 (+1276.2%), from €61,185 to €842,008
of which Other amounts payable: +€532,880
- Trade debts -€373,795
down €373,795 (-64.3%), from €581,382 to €207,588
- Short-term financial debts +€310,379
up €310,379 (+931.1%), from €33,333 to €343,712
- Other debts -€294,640
down €294,640 (-100.0%), from €294,640 to €0
- Profit (loss) carried forward -€194,221
down €194,221 (-45.8%), from €424,412 to €230,191
- Gross operating margin -€236,046
down €236,046 (-32.5%), from €726,306 to €490,259
- Taxes -€56,247
down €56,247 (-97.9%), from €57,463 to €1,216
- Staff costs +€55,030
up €55,030 (+11.7%), from €469,347 to €524,377
- Financial charges +€30,745
up €30,745 (+66.7%), from €46,108 to €76,853
- Depreciation +€21,249
up €21,249 (+36.7%), from €57,884 to €79,133
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 | €1,506,113 | €1,797,335 | +€291,221 | +19.3% |
| Fixed assets | 21/28 | €153,091 | €241,111 | +€88,020 | +57.5% |
| Intangible fixed assets | 21 | €1,263 | €72,939 | +€71,676 | +5673.0% |
| Tangible fixed assets | 22/27 | €150,328 | €158,822 | +€8,494 | +5.7% |
| Land and buildings | 22 | €17,323 | €26,300 | +€8,977 | +51.8% |
| Plant, machinery and equipment | 23 | €36,415 | €25,759 | -€10,655 | -29.3% |
| Furniture and vehicles | 24 | €96,590 | €68,392 | -€28,198 | -29.2% |
| Other tangible fixed assets | 26 | - | €38,370 | +€38,370 | |
| Financial fixed assets | 28 | €1,500 | €9,350 | +€7,850 | +523.3% |
| Current assets | 29/58 | €1,353,022 | €1,556,224 | +€203,202 | +15.0% |
| Stocks and contracts in progress | 3 | €425,999 | €767,782 | +€341,783 | +80.2% |
| Stocks | 30/36 | €425,999 | €767,782 | +€341,783 | +80.2% |
| Amounts receivable within one year | 40/41 | €585,337 | €689,829 | +€104,493 | +17.9% |
| Trade receivables | 40 | €254,941 | €308,427 | +€53,486 | +21.0% |
| Other amounts receivable | 41 | €330,396 | €381,403 | +€51,007 | +15.4% |
| Cash at bank and in hand | 54/58 | €101,959 | €78,093 | -€23,866 | -23.4% |
| Deferred charges and accrued income | 490/1 | €239,727 | €20,519 | -€219,208 | -91.4% |
| Total equity and liabilities | 10/49 | €1,506,113 | €1,797,335 | +€291,221 | +19.3% |
| Equity | 10/15 | €434,412 | €240,191 | -€194,221 | -44.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424,412 | €230,191 | -€194,221 | -45.8% |
| Amounts payable | 17/49 | €1,071,702 | €1,557,144 | +€485,442 | +45.3% |
| Amounts payable after more than one year | 17 | €61,185 | €842,008 | +€780,824 | +1276.2% |
| Financial debts | 170/4 | €61,185 | €309,128 | +€247,943 | +405.2% |
| Other amounts payable | 178/9 | - | €532,880 | +€532,880 | |
| Amounts payable within one year | 42/48 | €989,517 | €696,666 | -€292,851 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €25,448 | €102,762 | +€77,313 | +303.8% |
| Financial debts | 43 | €33,333 | €343,712 | +€310,379 | +931.1% |
| Credit institutions | 430/8 | €33,333 | €343,712 | +€310,379 | +931.1% |
| Trade debts | 44 | €581,382 | €207,588 | -€373,795 | -64.3% |
| Suppliers | 440/4 | €581,382 | €207,588 | -€373,795 | -64.3% |
| Advances received on contracts in progress | 46 | - | €2,059 | +€2,059 | |
| Taxes, remuneration and social security | 45 | €54,714 | €40,546 | -€14,168 | -25.9% |
| Taxes | 450/3 | €11,571 | €17,151 | +€5,579 | +48.2% |
| Remuneration and social security | 454/9 | €43,142 | €23,396 | -€19,747 | -45.8% |
| Other amounts payable | 47/48 | €294,640 | €0 | -€294,640 | -100.0% |
| Accrued charges and deferred income | 492/3 | €21,000 | €18,469 | -€2,531 | -12.1% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €469,347 | €524,377 | +€55,030 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,884 | €79,133 | +€21,249 | +36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,485 | €432 | -€3,053 | -87.6% |
| Other operating charges | 640/8 | €12,638 | €10,081 | -€2,557 | -20.2% |
| Gross operating margin | 9900 | €726,306 | €490,259 | -€236,046 | -32.5% |
| Operating profit (loss) | 9901 | €182,951 | -€123,764 | -€306,715 | |
| Financial income | 75/76B | €8,225 | €7,612 | -€613 | -7.5% |
| Recurring financial income | 75 | €8,225 | €7,612 | -€613 | -7.5% |
| Financial charges | 65/66B | €46,108 | €76,853 | +€30,745 | +66.7% |
| Recurring financial charges | 65 | €46,108 | €76,853 | +€30,745 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €145,068 | -€193,005 | -€338,073 | |
| Income taxes | 67/77 | €57,463 | €1,216 | -€56,247 | -97.9% |
| Profit (loss) for the period | 9904 | €87,605 | -€194,221 | -€281,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,605 | -€194,221 | -€281,826 |
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 10 October 2026 via checked.be.