B CAPITAL: 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 CAPITAL
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Receivables within one year +€47,510
up €47,510 (+1,919%), from €2,476 to €49,986
- Other debts -€373,707
down €373,707 (-56.6%), from €660,219 to €286,511
- Profit (loss) carried forward +€240,057
up €240,057, from -€124,944 to €115,113
- Debts after one year -€45,704
down €45,704 (-21.1%), from €216,526 to €170,822
- Financial income +€253,918
up €253,918 (+2,966%), from €8,561 to €262,479
of which Financial income: +€259,419
- Gross operating margin +€3,353
up €3,353 (+45.4%), from -€7,387 to -€4,034
- Financial charges -€2,672
down €2,672 (-13.9%), from €19,173 to €16,501
of which Financial charges: -€2,672
- Other operating charges +€240
up €240 (+24.8%), from €968 to €1,207
- Depreciation -€158
down €158 (-18.9%), from €838 to €679
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 | €4,006,999 | €3,829,824 | -€177,175 | -4.4% |
| Fixed assets | 21/28 | €3,701,652 | €3,700,973 | -€679 | 0.0% |
| Tangible fixed assets | 22/27 | €679 | €0 | -€679 | -100% |
| Furniture and vehicles | 24 | €679 | €0 | -€679 | -100% |
| Financial fixed assets | 28 | €3,700,973 | €3,700,973 | = | 0.0% |
| Current assets | 29/58 | €305,346 | €128,851 | -€176,496 | -57.8% |
| Amounts receivable within one year | 40/41 | €2,476 | €49,986 | +€47,510 | +1,919% |
| Other amounts receivable | 41 | €2,476 | €49,986 | +€47,510 | +1,919% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €52,497 | €78,865 | +€26,368 | +50.2% |
| Deferred charges and accrued income | 490/1 | €374 | €0 | -€374 | -100% |
| Total equity and liabilities | 10/49 | €4,006,999 | €3,829,824 | -€177,175 | -4.4% |
| Equity | 10/15 | €3,085,056 | €3,325,113 | +€240,057 | +7.8% |
| Contributions | 10/11 | €3,210,000 | €3,210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,944 | €115,113 | +€240,057 | |
| Amounts payable | 17/49 | €921,943 | €504,711 | -€417,232 | -45.3% |
| Amounts payable after more than one year | 17 | €216,526 | €170,822 | -€45,704 | -21.1% |
| Financial debts | 170/4 | €216,526 | €170,822 | -€45,704 | -21.1% |
| Amounts payable within one year | 42/48 | €705,417 | €333,888 | -€371,528 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €44,873 | €45,704 | +€830 | +1.9% |
| Trade debts | 44 | €325 | €1,673 | +€1,348 | +415% |
| Suppliers | 440/4 | €325 | €1,673 | +€1,348 | +415% |
| Other amounts payable | 47/48 | €660,219 | €286,511 | -€373,707 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €679 | -€158 | -18.9% |
| Other operating charges | 640/8 | €968 | €1,207 | +€240 | +24.8% |
| Non-recurring operating charges | 66A | €5,501 | €0 | -€5,501 | -100% |
| Gross operating margin | 9900 | -€7,387 | -€4,034 | +€3,353 | +45.4% |
| Operating profit (loss) | 9901 | -€14,694 | -€5,921 | +€8,773 | +59.7% |
| Financial income | 75/76B | €8,561 | €262,479 | +€253,918 | +2,966% |
| Recurring financial income | 75 | €3,060 | €262,479 | +€259,419 | +8,478% |
| Non-recurring financial income | 76B | €5,501 | €0 | -€5,501 | -100% |
| Financial charges | 65/66B | €19,173 | €16,501 | -€2,672 | -13.9% |
| Recurring financial charges | 65 | €19,173 | €16,501 | -€2,672 | -13.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€25,306 | €240,057 | +€265,363 | |
| Profit (loss) for the period | 9904 | -€25,306 | €240,057 | +€265,363 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,306 | €240,057 | +€265,363 |
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 29 October 2026 via checked.be.