B-Commerce: 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-Commerce
Largest movements
- Tangible fixed assets +€63,883
up €63,883 (+398.3%), from €16,041 to €79,924
of which Furniture and vehicles: +€63,804
- Receivables within one year -€19,814
down €19,814 (-49.7%), from €39,895 to €20,081
of which Other amounts receivable: -€24,335
- Cash -€4,386
down €4,386 (-5.1%), from €85,420 to €81,034
mainly Investment in fixed assets (net) (-€69,971)
- Reserves +€28,000
up €28,000 (+15.3%), from €183,250 to €211,250
- Other debts +€9,341
new in 2025: €9,341
- Depreciation +€3,038
up €3,038 (+99.6%), from €3,050 to €6,087
- Financial income +€1,501
up €1,501 (+33.4%), from €4,496 to €5,996
- Gross operating margin -€583
down €583 (-1.4%), from €42,091 to €41,508
- Financial charges -€501
down €501 (-56.8%), from €883 to €381
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 | €191,518 | €231,040 | +€39,521 | +20.6% |
| Fixed assets | 21/28 | €16,041 | €79,924 | +€63,883 | +398.3% |
| Tangible fixed assets | 22/27 | €16,041 | €79,924 | +€63,883 | +398.3% |
| Land and buildings | 22 | €3,191 | €2,866 | -€326 | -10.2% |
| Plant, machinery and equipment | 23 | €7,062 | €7,468 | +€406 | +5.7% |
| Furniture and vehicles | 24 | €5,787 | €69,591 | +€63,804 | +1102.4% |
| Current assets | 29/58 | €175,478 | €151,115 | -€24,362 | -13.9% |
| Amounts receivable within one year | 40/41 | €39,895 | €20,081 | -€19,814 | -49.7% |
| Trade receivables | 40 | €8,121 | €12,643 | +€4,521 | +55.7% |
| Other amounts receivable | 41 | €31,774 | €7,439 | -€24,335 | -76.6% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,420 | €81,034 | -€4,386 | -5.1% |
| Deferred charges and accrued income | 490/1 | €162 | - | -€162 | |
| Total equity and liabilities | 10/49 | €191,518 | €231,040 | +€39,521 | +20.6% |
| Equity | 10/15 | €189,422 | €217,477 | +€28,055 | +14.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €183,250 | €211,250 | +€28,000 | +15.3% |
| Distributable reserves | 133 | €183,250 | €211,250 | +€28,000 | +15.3% |
| Profit (loss) carried forward | 14 | €172 | €227 | +€55 | +31.9% |
| Amounts payable | 17/49 | €2,097 | €13,563 | +€11,466 | +546.9% |
| Amounts payable within one year | 42/48 | €2,097 | €13,563 | +€11,466 | +546.9% |
| Trade debts | 44 | €168 | €1,231 | +€1,063 | +632.9% |
| Suppliers | 440/4 | €168 | €1,231 | +€1,063 | +632.9% |
| Taxes, remuneration and social security | 45 | €1,929 | €2,991 | +€1,062 | +55.1% |
| Taxes | 450/3 | €1,929 | €2,991 | +€1,062 | +55.1% |
| Other amounts payable | 47/48 | - | €9,341 | +€9,341 | |
| Non-recurring operating income | 76A | - | €10,593 | +€10,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €6,087 | +€3,038 | +99.6% |
| Other operating charges | 640/8 | €1,173 | €1,056 | -€117 | -10.0% |
| Gross operating margin | 9900 | €42,091 | €41,508 | -€583 | -1.4% |
| Operating profit (loss) | 9901 | €37,868 | €34,365 | -€3,503 | -9.3% |
| Financial income | 75/76B | €4,496 | €5,996 | +€1,501 | +33.4% |
| Recurring financial income | 75 | €4,496 | €5,996 | +€1,501 | +33.4% |
| Financial charges | 65/66B | €883 | €381 | -€501 | -56.8% |
| Recurring financial charges | 65 | €883 | €381 | -€501 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €41,481 | €39,980 | -€1,501 | -3.6% |
| Income taxes | 67/77 | €12,078 | €11,925 | -€153 | -1.3% |
| Profit (loss) for the period | 9904 | €29,403 | €28,055 | -€1,348 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,403 | €28,055 | -€1,348 | -4.6% |
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 8 October 2026 via checked.be.