B.Co: 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.
B.Co
Largest movements
- Stocks and contracts +€103,196
up €103,196 (+7.7%), from €1.3m to €1.4m
- Tangible fixed assets +€83,964
up €83,964 (+640.8%), from €13,102 to €97,066
- Cash -€30,317
down €30,317 (-64.0%), from €47,334 to €17,017
mainly Net result for the year (-€235,393) and Stocks and contracts (-€103,196)
- Receivables within one year +€16,415
up €16,415 (+58.3%), from €28,146 to €44,561
of which Other amounts receivable: +€28,298
- Other debts +€416,627
up €416,627 (+34.7%), from €1.2m to €1.6m
- Profit (loss) carried forward -€235,393
down €235,393 (-543.4%), from -€43,318 to -€278,711
- Gross operating margin -€191,517
down €191,517 (-651.1%), from -€29,415 to -€220,931
- Depreciation +€6,028
up €6,028 (+93.4%), from €6,452 to €12,480
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,442,910 | €1,618,800 | +€175,891 | +12.2% |
| Fixed assets | 21/28 | €22,906 | €109,602 | +€86,696 | +378.5% |
| Intangible fixed assets | 21 | €9,804 | €12,536 | +€2,732 | +27.9% |
| Tangible fixed assets | 22/27 | €13,102 | €97,066 | +€83,964 | +640.8% |
| Furniture and vehicles | 24 | €13,102 | €97,066 | +€83,964 | +640.8% |
| Current assets | 29/58 | €1,420,004 | €1,509,198 | +€89,194 | +6.3% |
| Stocks and contracts in progress | 3 | €1,342,499 | €1,445,695 | +€103,196 | +7.7% |
| Stocks | 30/36 | €1,342,499 | €1,445,695 | +€103,196 | +7.7% |
| Amounts receivable within one year | 40/41 | €28,146 | €44,561 | +€16,415 | +58.3% |
| Trade receivables | 40 | €25,880 | €13,998 | -€11,882 | -45.9% |
| Other amounts receivable | 41 | €2,266 | €30,564 | +€28,298 | +1249.1% |
| Cash at bank and in hand | 54/58 | €47,334 | €17,017 | -€30,317 | -64.0% |
| Deferred charges and accrued income | 490/1 | €2,025 | €1,925 | -€100 | -4.9% |
| Total equity and liabilities | 10/49 | €1,442,910 | €1,618,800 | +€175,891 | +12.2% |
| Equity | 10/15 | -€37,118 | -€272,511 | -€235,393 | -634.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,318 | -€278,711 | -€235,393 | -543.4% |
| Amounts payable | 17/49 | €1,480,028 | €1,891,311 | +€411,284 | +27.8% |
| Amounts payable after more than one year | 17 | €251,000 | €251,000 | = | 0.0% |
| Financial debts | 170/4 | €251,000 | €251,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,229,028 | €1,640,311 | +€411,284 | +33.5% |
| Trade debts | 44 | €23,289 | €17,861 | -€5,428 | -23.3% |
| Suppliers | 440/4 | €23,289 | €17,861 | -€5,428 | -23.3% |
| Taxes, remuneration and social security | 45 | €4,139 | €4,223 | +€84 | +2.0% |
| Taxes | 450/3 | €139 | €205 | +€66 | +47.6% |
| Remuneration and social security | 454/9 | €4,000 | €4,018 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €1,201,600 | €1,618,228 | +€416,627 | +34.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,452 | €12,480 | +€6,028 | +93.4% |
| Other operating charges | 640/8 | €728 | €2,208 | +€1,481 | +203.5% |
| Gross operating margin | 9900 | -€29,415 | -€220,931 | -€191,517 | -651.1% |
| Operating profit (loss) | 9901 | -€36,594 | -€235,620 | -€199,025 | -543.9% |
| Financial income | 75/76B | €0 | €792 | +€792 | |
| Recurring financial income | 75 | €0 | €792 | +€792 | |
| Financial charges | 65/66B | €1,068 | €498 | -€571 | -53.4% |
| Recurring financial charges | 65 | €1,068 | €498 | -€571 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,663 | -€235,325 | -€197,663 | -524.8% |
| Income taxes | 67/77 | - | €68 | +€68 | |
| Profit (loss) for the period | 9904 | -€37,663 | -€235,393 | -€197,730 | -525.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,663 | -€235,393 | -€197,730 | -525.0% |
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 4 October 2026 via checked.be.