B-Cells: 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-Cells
Largest movements
- Receivables within one year -€81,555
down €81,555 (-50.4%), from €161,779 to €80,224
of which Trade receivables: -€83,940
- Cash -€33,193
down €33,193 (-27.3%), from €121,380 to €88,187
mainly Other debts (-€157,805) and Tax, wage and social debts (-€13,882)
- Tangible fixed assets -€8,893
down €8,893 (-21.6%), from €41,148 to €32,255
of which Furniture and vehicles: -€9,199
- Other debts -€157,805
down €157,805 (-92.8%), from €170,000 to €12,195
- Reserves +€50,277
up €50,277 (+49.1%), from €102,302 to €152,579
- Tax, wage and social debts -€13,882
down €13,882 (-29.9%), from €46,414 to €32,533
of which Taxes: -€19,569
- Taxes -€20,556
down €20,556 (-99.1%), from €20,734 to €178
- Gross operating margin -€17,877
down €17,877 (-13.8%), from €129,922 to €112,046
- Staff costs +€8,652
up €8,652 (+31.9%), from €27,145 to €35,798
- Depreciation +€1,352
up €1,352 (+11.6%), from €11,654 to €13,006
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 | €333,007 | €209,760 | -€123,246 | -37.0% |
| Fixed assets | 21/28 | €45,709 | €35,062 | -€10,647 | -23.3% |
| Intangible fixed assets | 21 | €3,476 | €1,722 | -€1,754 | -50.5% |
| Tangible fixed assets | 22/27 | €41,148 | €32,255 | -€8,893 | -21.6% |
| Plant, machinery and equipment | 23 | €3,354 | €1,302 | -€2,052 | -61.2% |
| Furniture and vehicles | 24 | €37,794 | €28,595 | -€9,199 | -24.3% |
| Other tangible fixed assets | 26 | - | €2,358 | +€2,358 | |
| Financial fixed assets | 28 | €1,085 | €1,085 | = | 0.0% |
| Current assets | 29/58 | €287,297 | €174,698 | -€112,599 | -39.2% |
| Amounts receivable within one year | 40/41 | €161,779 | €80,224 | -€81,555 | -50.4% |
| Trade receivables | 40 | €115,800 | €31,860 | -€83,940 | -72.5% |
| Other amounts receivable | 41 | €45,979 | €48,364 | +€2,386 | +5.2% |
| Current investments | 50/53 | €2,094 | €2,094 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,380 | €88,187 | -€33,193 | -27.3% |
| Deferred charges and accrued income | 490/1 | €2,045 | €4,194 | +€2,149 | +105% |
| Total equity and liabilities | 10/49 | €333,007 | €209,760 | -€123,246 | -37.0% |
| Equity | 10/15 | €112,302 | €162,579 | +€50,277 | +44.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €102,302 | €152,579 | +€50,277 | +49.1% |
| Distributable reserves | 133 | €102,302 | €152,579 | +€50,277 | +49.1% |
| Amounts payable | 17/49 | €220,704 | €47,181 | -€173,523 | -78.6% |
| Amounts payable within one year | 42/48 | €220,704 | €47,181 | -€173,523 | -78.6% |
| Trade debts | 44 | €4,290 | €2,453 | -€1,837 | -42.8% |
| Suppliers | 440/4 | €4,290 | €2,453 | -€1,837 | -42.8% |
| Taxes, remuneration and social security | 45 | €46,414 | €32,533 | -€13,882 | -29.9% |
| Taxes | 450/3 | €43,240 | €23,671 | -€19,569 | -45.3% |
| Remuneration and social security | 454/9 | €3,174 | €8,862 | +€5,688 | +179% |
| Other amounts payable | 47/48 | €170,000 | €12,195 | -€157,805 | -92.8% |
| Non-recurring operating income | 76A | €823 | - | -€823 | |
| Remuneration, social security and pensions | 62 | €27,145 | €35,798 | +€8,652 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,654 | €13,006 | +€1,352 | +11.6% |
| Other operating charges | 640/8 | €833 | €521 | -€312 | -37.4% |
| Gross operating margin | 9900 | €129,922 | €112,046 | -€17,877 | -13.8% |
| Operating profit (loss) | 9901 | €90,290 | €62,721 | -€27,569 | -30.5% |
| Financial income | 75/76B | €4 | €73 | +€69 | +1,858% |
| Recurring financial income | 75 | €4 | €73 | +€69 | +1,858% |
| Financial charges | 65/66B | €227 | €143 | -€83 | -36.8% |
| Recurring financial charges | 65 | €227 | €143 | -€83 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €90,067 | €62,650 | -€27,417 | -30.4% |
| Income taxes | 67/77 | €20,734 | €178 | -€20,556 | -99.1% |
| Profit (loss) for the period | 9904 | €69,332 | €62,472 | -€6,860 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,332 | €62,472 | -€6,860 | -9.9% |
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 19 October 2026 via checked.be.