B Corp: 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 Corp
Largest movements
- Receivables within one year +€142,869
up €142,869 (+45.1%), from €316,687 to €459,556
of which Other amounts receivable: +€145,369
- Tangible fixed assets -€40,910
down €40,910 (-4.8%), from €859,579 to €818,669
of which Land and buildings: -€39,611
- Short-term financial debts +€125,000
new in 2025: €125,000
- Debts after one year -€37,082
down €37,082 (-7.0%), from €529,399 to €492,317
- Profit (loss) carried forward +€25,504
up €25,504 (+7.0%), from €365,981 to €391,485
- Other debts -€21,165
down €21,165 (-93.6%), from €22,619 to €1,454
- Gross operating margin +€20,464
up €20,464 (+29.2%), from €69,978 to €90,442
- Taxes +€4,140
up €4,140 (+80.6%), from €5,135 to €9,275
- Other operating charges +€3,866
up €3,866 (+1354.6%), from €285 to €4,151
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 | €1,179,960 | €1,279,259 | +€99,300 | +8.4% |
| Fixed assets | 21/28 | €859,579 | €818,669 | -€40,910 | -4.8% |
| Tangible fixed assets | 22/27 | €859,579 | €818,669 | -€40,910 | -4.8% |
| Land and buildings | 22 | €849,483 | €809,872 | -€39,611 | -4.7% |
| Plant, machinery and equipment | 23 | €10,096 | €8,797 | -€1,299 | -12.9% |
| Current assets | 29/58 | €320,381 | €460,591 | +€140,210 | +43.8% |
| Amounts receivable within one year | 40/41 | €316,687 | €459,556 | +€142,869 | +45.1% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €314,187 | €459,556 | +€145,369 | +46.3% |
| Cash at bank and in hand | 54/58 | €3,694 | €1,035 | -€2,659 | -72.0% |
| Total equity and liabilities | 10/49 | €1,179,960 | €1,279,259 | +€99,300 | +8.4% |
| Equity | 10/15 | €586,883 | €612,388 | +€25,504 | +4.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €183,718 | €183,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,981 | €391,485 | +€25,504 | +7.0% |
| Amounts payable | 17/49 | €593,076 | €666,872 | +€73,795 | +12.4% |
| Amounts payable after more than one year | 17 | €529,399 | €492,317 | -€37,082 | -7.0% |
| Financial debts | 170/4 | €529,399 | €492,317 | -€37,082 | -7.0% |
| Amounts payable within one year | 42/48 | €63,677 | €171,718 | +€108,041 | +169.7% |
| Current portion of amounts payable after more than one year | 42 | €32,422 | €28,582 | -€3,840 | -11.8% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | - | €1,978 | +€1,978 | |
| Suppliers | 440/4 | - | €1,978 | +€1,978 | |
| Taxes, remuneration and social security | 45 | €8,635 | €14,703 | +€6,068 | +70.3% |
| Taxes | 450/3 | €8,635 | €14,703 | +€6,068 | +70.3% |
| Other amounts payable | 47/48 | €22,619 | €1,454 | -€21,165 | -93.6% |
| Accrued charges and deferred income | 492/3 | - | €2,837 | +€2,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,147 | €40,910 | -€236 | -0.6% |
| Other operating charges | 640/8 | €285 | €4,151 | +€3,866 | +1354.6% |
| Gross operating margin | 9900 | €69,978 | €90,442 | +€20,464 | +29.2% |
| Operating profit (loss) | 9901 | €28,546 | €45,381 | +€16,835 | +59.0% |
| Financial charges | 65/66B | €11,169 | €10,602 | -€568 | -5.1% |
| Recurring financial charges | 65 | €11,169 | €10,602 | -€568 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €17,377 | €34,779 | +€17,403 | +100.1% |
| Income taxes | 67/77 | €5,135 | €9,275 | +€4,140 | +80.6% |
| Profit (loss) for the period | 9904 | €12,242 | €25,504 | +€13,263 | +108.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,242 | €25,504 | +€13,263 | +108.3% |
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 29 September 2026 via checked.be.