B-Cos: 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-Cos
Largest movements
- Cash +€66,464
up €66,464 (+50.7%), from €130,989 to €197,452
mainly Other debts (+€114,195) and Net result for the year (+€108,003)
- Receivables within one year +€22,535
up €22,535 (+711%), from €3,171 to €25,706
of which Trade receivables: +€19,360
- Tangible fixed assets -€5,325
down €5,325 (-10.5%), from €50,633 to €45,308
of which Land and buildings: -€3,851
- Deferred charges and accrued income -€5,147
down €5,147 (-39.1%), from €13,151 to €8,004
- Other debts +€114,195
up €114,195 (+150%), from €75,939 to €190,134
- Reserves -€23,721
down €23,721 (-20.9%), from €113,562 to €89,842
- Tax, wage and social debts -€18,423
down €18,423 (-45.6%), from €40,387 to €21,964
of which Taxes: -€20,598
- Accrued charges and deferred income +€5,291
up €5,291 (+6,727%), from €79 to €5,369
- Gross operating margin +€9,850
up €9,850 (+6.9%), from €143,112 to €152,962
- Financial charges +€5,009
up €5,009 (+182%), from €2,750 to €7,759
- Financial income -€1,737
down €1,737 (-76.9%), from €2,259 to €522
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 | €234,111 | €311,198 | +€77,087 | +32.9% |
| Fixed assets | 21/28 | €72,340 | €65,576 | -€6,765 | -9.4% |
| Tangible fixed assets | 22/27 | €50,633 | €45,308 | -€5,325 | -10.5% |
| Land and buildings | 22 | €44,513 | €40,662 | -€3,851 | -8.7% |
| Plant, machinery and equipment | 23 | €5,028 | €3,695 | -€1,333 | -26.5% |
| Furniture and vehicles | 24 | €1,093 | €952 | -€141 | -12.9% |
| Financial fixed assets | 28 | €21,707 | €20,267 | -€1,440 | -6.6% |
| Current assets | 29/58 | €161,770 | €245,622 | +€83,852 | +51.8% |
| Amounts receivable within one year | 40/41 | €3,171 | €25,706 | +€22,535 | +711% |
| Trade receivables | 40 | €1,815 | €21,175 | +€19,360 | +1,067% |
| Other amounts receivable | 41 | €1,356 | €4,531 | +€3,175 | +234% |
| Current investments | 50/53 | €14,460 | €14,460 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,989 | €197,452 | +€66,464 | +50.7% |
| Deferred charges and accrued income | 490/1 | €13,151 | €8,004 | -€5,147 | -39.1% |
| Total equity and liabilities | 10/49 | €234,111 | €311,198 | +€77,087 | +32.9% |
| Equity | 10/15 | €116,562 | €92,842 | -€23,721 | -20.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €113,562 | €89,842 | -€23,721 | -20.9% |
| Distributable reserves | 133 | €113,562 | €89,842 | -€23,721 | -20.9% |
| Amounts payable | 17/49 | €117,549 | €218,356 | +€100,807 | +85.8% |
| Amounts payable within one year | 42/48 | €117,470 | €212,987 | +€95,517 | +81.3% |
| Trade debts | 44 | €1,144 | €889 | -€256 | -22.3% |
| Suppliers | 440/4 | €1,144 | €889 | -€256 | -22.3% |
| Taxes, remuneration and social security | 45 | €40,387 | €21,964 | -€18,423 | -45.6% |
| Taxes | 450/3 | €40,387 | €19,789 | -€20,598 | -51.0% |
| Remuneration and social security | 454/9 | - | €2,175 | +€2,175 | |
| Other amounts payable | 47/48 | €75,939 | €190,134 | +€114,195 | +150% |
| Accrued charges and deferred income | 492/3 | €79 | €5,369 | +€5,291 | +6,727% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,846 | €6,263 | -€582 | -8.5% |
| Other operating charges | 640/8 | €842 | €834 | -€8 | -0.9% |
| Gross operating margin | 9900 | €143,112 | €152,962 | +€9,850 | +6.9% |
| Operating profit (loss) | 9901 | €135,425 | €145,865 | +€10,441 | +7.7% |
| Financial income | 75/76B | €2,259 | €522 | -€1,737 | -76.9% |
| Recurring financial income | 75 | €2,259 | €522 | -€1,737 | -76.9% |
| Financial charges | 65/66B | €2,750 | €7,759 | +€5,009 | +182% |
| Recurring financial charges | 65 | €2,750 | €7,759 | +€5,009 | +182% |
| Profit (loss) for the period before taxes | 9903 | €134,934 | €138,628 | +€3,694 | +2.7% |
| Income taxes | 67/77 | €29,453 | €30,626 | +€1,172 | +4.0% |
| Profit (loss) for the period | 9904 | €105,481 | €108,003 | +€2,522 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,481 | €108,003 | +€2,522 | +2.4% |
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 29 October 2026 via checked.be.