B.CIRCLE: what changed
B.CIRCLE
Largest movements
- Cash -€22,449
down €22,449 (-98.6%), from €22,779 to €330
mainly Trade debts (-€17,234) and Other debts (-€5,826)
- Tangible fixed assets -€1,746
down €1,746 (-72.6%), from €2,405 to €659
- Trade debts -€17,234
down €17,234 (-99.7%), from €17,279 to €45
- Other debts -€5,826
no longer reported in 2025 (was €5,826)
- Tax, wage and social debts -€2,125
down €2,125 (-36.3%), from €5,848 to €3,723
- Profit (loss) carried forward +€599
up €599 (+5.0%), from €11,909 to €12,508
- Turnover -€42,849
down €42,849 (-52.6%), from €81,431 to €38,582
- Purchases and services -€21,553
down €21,553 (-34.4%), from €62,744 to €41,191
- Gross operating margin -€21,313
down €21,313 (-84.1%), from €25,345 to €4,032
- Taxes -€5,228
down €5,228 (-76.5%), from €6,830 to €1,602
- Depreciation -€4,454
down €4,454 (-71.8%), from €6,200 to €1,746
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,862 | €21,276 | -€24,586 | -53.6% |
| Fixed assets | 21/28 | €2,448 | €702 | -€1,746 | -71.3% |
| Tangible fixed assets | 22/27 | €2,405 | €659 | -€1,746 | -72.6% |
| Furniture and vehicles | 24 | €2,405 | €659 | -€1,746 | -72.6% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €43,414 | €20,574 | -€22,840 | -52.6% |
| Amounts receivable within one year | 40/41 | €20,595 | €20,244 | -€351 | -1.7% |
| Trade receivables | 40 | €20,595 | €18,000 | -€2,595 | -12.6% |
| Other amounts receivable | 41 | - | €2,244 | +€2,244 | |
| Cash at bank and in hand | 54/58 | €22,779 | €330 | -€22,449 | -98.6% |
| Deferred charges and accrued income | 490/1 | €40 | - | -€40 | |
| Total equity and liabilities | 10/49 | €45,862 | €21,276 | -€24,586 | -53.6% |
| Equity | 10/15 | €16,909 | €17,508 | +€599 | +3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,909 | €12,508 | +€599 | +5.0% |
| Amounts payable | 17/49 | €28,953 | €3,768 | -€25,185 | -87.0% |
| Amounts payable within one year | 42/48 | €28,953 | €3,768 | -€25,185 | -87.0% |
| Trade debts | 44 | €17,279 | €45 | -€17,234 | -99.7% |
| Suppliers | 440/4 | €17,279 | €45 | -€17,234 | -99.7% |
| Taxes, remuneration and social security | 45 | €5,848 | €3,723 | -€2,125 | -36.3% |
| Taxes | 450/3 | €5,848 | €3,723 | -€2,125 | -36.3% |
| Other amounts payable | 47/48 | €5,826 | - | -€5,826 | |
| Turnover | 70 | €81,431 | €38,582 | -€42,849 | -52.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,744 | €41,191 | -€21,553 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,200 | €1,746 | -€4,454 | -71.8% |
| Gross operating margin | 9900 | €25,345 | €4,032 | -€21,313 | -84.1% |
| Operating profit (loss) | 9901 | €19,145 | €2,286 | -€16,859 | -88.1% |
| Financial charges | 65/66B | €88 | €85 | -€3 | -3.4% |
| Recurring financial charges | 65 | €88 | €85 | -€3 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €19,057 | €2,201 | -€16,856 | -88.5% |
| Income taxes | 67/77 | €6,830 | €1,602 | -€5,228 | -76.5% |
| Profit (loss) for the period | 9904 | €12,227 | €599 | -€11,628 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,227 | €599 | -€11,628 | -95.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.