B. & C.: 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. & C.
NACE 49.320, Non-scheduled passenger transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€146,142
2024 · -€9,800+€155,942
Equity
€3.2m
2024 · €3.1m+€146,142
Cash
€569
2024 · €160+€409
Balance sheet total
€22.8m
2024 · €7.8m+€15.0m
Largest movements
Assets
- Tangible fixed assets +€14.1m
up €14.1m (+251.9%), from €5.6m to €19.8m
of which Furniture and vehicles: +€13.5m
- Receivables within one year +€558,755
up €558,755 (+43.3%), from €1.3m to €1.8m
of which Other amounts receivable: +€1.4m
- Deferred charges and accrued income +€342,548
up €342,548 (+56.3%), from €608,290 to €950,838
Equity and liabilities
- Other debts +€14.3m
up €14.3m (+453.4%), from €3.2m to €17.4m
- Reserves +€3.0m
up €3.0m (+1520.2%), from €196,011 to €3.2m
of which Distributable reserves: +€3.0m
- Profit (loss) carried forward -€2.8m
no longer reported in 2025 (was €2.8m)
- Tax, wage and social debts +€577,033
up €577,033 (+57.2%), from €1.0m to €1.6m
of which Remuneration and social security: +€524,601
Income statement
- Turnover +€3.0m
up €3.0m (+27.0%), from €11.0m to €14.0m
- Staff costs +€2.5m
up €2.5m (+47.7%), from €5.3m to €7.8m
- Services and other goods +€874,094
up €874,094 (+72.7%), from €1.2m to €2.1m
- Goods and materials -€580,219
down €580,219 (-17.1%), from €3.4m to €2.8m
of which Purchases: -€605,350
- Other operating charges -€457,496
down €457,496 (-88.4%), from €517,433 to €59,937
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.
Result 2024
-€9,800
Turnover
+€3.0m
Other operating income
+€180,350
Goods and materials
+€580,219
Services and other goods
-€874,094
Staff costs
-€2.5m
Depreciation
-€370,751
Other operating charges
+€457,496
Other operating items
+€1,395
Financial income
-€1
Financial charges
-€289,069
Taxes
+€27,002
Result 2025
€146,142
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.
From operations
+€15.4m
Investment
-€15.3m
Financing
-€115,981
Cash 2024
€160
From operations (derived)
+€15.4m
Net result for the year
+€146,142
Depreciation
+€1.2m
Smaller working-capital items
+€48,726
Receivables within one year
-€558,755
Deferred charges and accrued income
-€342,548
Trade debts
+€105,383
Tax, wage and social debts
+€577,033
Other debts
+€14.3m
Investment (derived)
-€15.3m
Investment in fixed assets (net)
-€15.3m
Financing
-€115,981
Current portion of long-term debt
-€115,981
Cash 2025
€569
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,750,816 | €22,789,202 | +€15.0m | +194.0% |
| Fixed assets | 21/28 | €5,615,483 | €19,762,609 | +€14.1m | +251.9% |
| Intangible fixed assets | 21 | - | €2,593 | +€2,593 | |
| Tangible fixed assets | 22/27 | €5,614,265 | €19,758,298 | +€14.1m | +251.9% |
| Land and buildings | 22 | €512,466 | €658,758 | +€146,292 | +28.5% |
| Plant, machinery and equipment | 23 | €594,914 | €1,143,172 | +€548,258 | +92.2% |
| Furniture and vehicles | 24 | €4,428,261 | €17,956,367 | +€13.5m | +305.5% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €78,623 | €0 | -€78,623 | -100.0% |
| Financial fixed assets | 28 | €1,219 | €1,719 | +€500 | +41.0% |
| Other financial fixed assets | 284/8 | €1,219 | €1,719 | +€500 | +41.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,219 | €1,719 | +€500 | +41.0% |
| Current assets | 29/58 | €2,135,332 | €3,026,592 | +€891,260 | +41.7% |
| Stocks and contracts in progress | 3 | €237,528 | €227,076 | -€10,452 | -4.4% |
| Stocks | 30/36 | €237,528 | €227,076 | -€10,452 | -4.4% |
| Raw materials and consumables | 30/31 | €237,528 | €227,076 | -€10,452 | -4.4% |
| Amounts receivable within one year | 40/41 | €1,289,354 | €1,848,109 | +€558,755 | +43.3% |
| Trade receivables | 40 | €1,070,354 | €215,130 | -€855,225 | -79.9% |
| Other amounts receivable | 41 | €219,000 | €1,632,979 | +€1.4m | +645.7% |
| Cash at bank and in hand | 54/58 | €160 | €569 | +€409 | +255.6% |
| Deferred charges and accrued income | 490/1 | €608,290 | €950,838 | +€342,548 | +56.3% |
| Total equity and liabilities | 10/49 | €7,750,816 | €22,789,202 | +€15.0m | +194.0% |
| Equity | 10/15 | €3,092,292 | €3,238,434 | +€146,142 | +4.7% |
| Contributions | 10/11 | €62,676 | €62,676 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €676 | €676 | = | 0.0% |
| Share premium | 1100/10 | €676 | €676 | = | 0.0% |
| Reserves | 13 | €196,011 | €3,175,758 | +€3.0m | +1520.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €143,809 | €143,809 | = | 0.0% |
| Distributable reserves | 133 | €46,001 | €3,025,749 | +€3.0m | +6477.5% |
| Profit (loss) carried forward | 14 | €2,833,605 | - | -€2.8m | |
| Amounts payable | 17/49 | €4,658,524 | €19,550,768 | +€14.9m | +319.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,652,407 | €19,506,377 | +€14.9m | +319.3% |
| Current portion of amounts payable after more than one year | 42 | €115,981 | €0 | -€115,981 | -100.0% |
| Trade debts | 44 | €377,323 | €482,706 | +€105,383 | +27.9% |
| Suppliers | 440/4 | €377,323 | €482,706 | +€105,383 | +27.9% |
| Taxes, remuneration and social security | 45 | €1,008,083 | €1,585,116 | +€577,033 | +57.2% |
| Taxes | 450/3 | €172,882 | €225,314 | +€52,432 | +30.3% |
| Remuneration and social security | 454/9 | €835,201 | €1,359,802 | +€524,601 | +62.8% |
| Other amounts payable | 47/48 | €3,151,019 | €17,438,555 | +€14.3m | +453.4% |
| Accrued charges and deferred income | 492/3 | €6,117 | €44,391 | +€38,274 | +625.7% |
| Operating income | 70/76A | €11,326,729 | €14,475,745 | +€3.1m | +27.8% |
| Turnover | 70 | €11,000,316 | €13,968,982 | +€3.0m | +27.0% |
| Other operating income | 74 | €326,413 | €506,763 | +€180,350 | +55.3% |
| Operating charges | 60/66A | €11,223,163 | €13,954,170 | +€2.7m | +24.3% |
| Goods for resale, raw materials and consumables | 60 | €3,398,247 | €2,818,027 | -€580,219 | -17.1% |
| Purchases | 600/8 | €3,412,925 | €2,807,575 | -€605,350 | -17.7% |
| Change in stocks: decrease (increase) | 609 | -€14,678 | €10,452 | +€25,131 | |
| Services and other goods | 61 | €1,201,818 | €2,075,912 | +€874,094 | +72.7% |
| Remuneration, social security and pensions | 62 | €5,295,410 | €7,820,682 | +€2.5m | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808,860 | €1,179,612 | +€370,751 | +45.8% |
| Other operating charges | 640/8 | €517,433 | €59,937 | -€457,496 | -88.4% |
| Non-recurring operating charges | 66A | €1,395 | - | -€1,395 | |
| Operating profit (loss) | 9901 | €103,565 | €521,575 | +€418,010 | +403.6% |
| Financial income | 75/76B | €2 | €1 | -€1 | -52.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -52.7% |
| Other financial income | 752/9 | €2 | €1 | -€1 | -52.7% |
| Financial charges | 65/66B | €87,515 | €376,584 | +€289,069 | +330.3% |
| Recurring financial charges | 65 | €87,515 | €376,584 | +€289,069 | +330.3% |
| Debt charges | 650 | €81,356 | €370,813 | +€289,457 | +355.8% |
| Other financial charges | 652/9 | €6,159 | €5,771 | -€388 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €16,053 | €144,992 | +€128,940 | +803.2% |
| Income taxes | 67/77 | €25,853 | -€1,149 | -€27,002 | |
| Taxes | 670/3 | €37,750 | €1,065 | -€36,685 | -97.2% |
| Tax adjustments and reversals of tax provisions | 77 | €11,897 | €2,214 | -€9,683 | -81.4% |
| Profit (loss) for the period | 9904 | -€9,800 | €146,142 | +€155,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,800 | €146,142 | +€155,942 |
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 8 October 2026 via checked.be.