B&C Model: 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&C Model
Largest movements
- Receivables within one year +€44,881
up €44,881 (+1,189%), from €3,775 to €48,656
of which Trade receivables: +€43,800
- Cash -€11,339
down €11,339 (-26.0%), from €43,583 to €32,244
mainly Contributions, distributions and other (-€77,000) and Receivables within one year (-€44,881)
- Tangible fixed assets -€4,719
down €4,719 (-43.9%), from €10,746 to €6,028
of which Furniture and vehicles: -€8,023
- Deferred charges and accrued income -€1,587
down €1,587 (-17.0%), from €9,333 to €7,746
- Other debts +€49,448
up €49,448 (+1,027%), from €4,813 to €54,261
- Reserves -€24,353
down €24,353 (-88.5%), from €27,519 to €3,166
of which Distributable reserves: -€24,353
- Current portion of long-term debt -€8,509
no longer reported in 2025 (was €8,509)
- Tax, wage and social debts +€7,415
up €7,415 (+128%), from €5,812 to €13,226
- Trade debts +€1,883
up €1,883 (+44.8%), from €4,200 to €6,083
- Gross operating margin +€64,672
up €64,672 (+387%), from €16,733 to €81,405
- Taxes +€12,332
up €12,332 (+439%), from €2,812 to €15,144
- Depreciation -€1,393
down €1,393 (-12.3%), from €11,363 to €9,971
- Financial charges +€1,144
up €1,144 (+132%), from €870 to €2,014
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 | €67,836 | €95,072 | +€27,236 | +40.1% |
| Fixed assets | 21/28 | €11,145 | €6,427 | -€4,719 | -42.3% |
| Tangible fixed assets | 22/27 | €10,746 | €6,028 | -€4,719 | -43.9% |
| Plant, machinery and equipment | 23 | €1,626 | €4,930 | +€3,304 | +203% |
| Furniture and vehicles | 24 | €9,120 | €1,098 | -€8,023 | -88.0% |
| Financial fixed assets | 28 | €399 | €399 | = | 0.0% |
| Current assets | 29/58 | €56,691 | €88,645 | +€31,955 | +56.4% |
| Amounts receivable within one year | 40/41 | €3,775 | €48,656 | +€44,881 | +1,189% |
| Trade receivables | 40 | - | €43,800 | +€43,800 | |
| Other amounts receivable | 41 | €3,775 | €4,856 | +€1,081 | +28.6% |
| Cash at bank and in hand | 54/58 | €43,583 | €32,244 | -€11,339 | -26.0% |
| Deferred charges and accrued income | 490/1 | €9,333 | €7,746 | -€1,587 | -17.0% |
| Total equity and liabilities | 10/49 | €67,836 | €95,072 | +€27,236 | +40.1% |
| Equity | 10/15 | €44,259 | €19,906 | -€24,353 | -55.0% |
| Contributions | 10/11 | €16,740 | €16,740 | = | 0.0% |
| Reserves | 13 | €27,519 | €3,166 | -€24,353 | -88.5% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €27,405 | €3,052 | -€24,353 | -88.9% |
| Amounts payable | 17/49 | €23,577 | €75,166 | +€51,589 | +219% |
| Amounts payable within one year | 42/48 | €23,577 | €73,591 | +€50,014 | +212% |
| Current portion of amounts payable after more than one year | 42 | €8,509 | - | -€8,509 | |
| Financial debts | 43 | €243 | €20 | -€223 | -91.6% |
| Credit institutions | 430/8 | €243 | €20 | -€223 | -91.6% |
| Trade debts | 44 | €4,200 | €6,083 | +€1,883 | +44.8% |
| Suppliers | 440/4 | €4,200 | €6,083 | +€1,883 | +44.8% |
| Taxes, remuneration and social security | 45 | €5,812 | €13,226 | +€7,415 | +128% |
| Taxes | 450/3 | €5,812 | €13,226 | +€7,415 | +128% |
| Other amounts payable | 47/48 | €4,813 | €54,261 | +€49,448 | +1,027% |
| Accrued charges and deferred income | 492/3 | - | €1,575 | +€1,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,363 | €9,971 | -€1,393 | -12.3% |
| Other operating charges | 640/8 | €1,192 | €1,629 | +€437 | +36.7% |
| Gross operating margin | 9900 | €16,733 | €81,405 | +€64,672 | +387% |
| Operating profit (loss) | 9901 | €4,178 | €69,805 | +€65,628 | +1,571% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €870 | €2,014 | +€1,144 | +132% |
| Recurring financial charges | 65 | €870 | €2,014 | +€1,144 | +132% |
| Profit (loss) for the period before taxes | 9903 | €3,308 | €67,791 | +€64,483 | +1,949% |
| Income taxes | 67/77 | €2,812 | €15,144 | +€12,332 | +439% |
| Profit (loss) for the period | 9904 | €497 | €52,647 | +€52,151 | +10,502% |
| Profit (loss) for the period to be appropriated | 9905 | €497 | €52,647 | +€52,151 | +10,502% |
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 17 October 2026 via checked.be.