B.deB.: 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.deB.
Largest movements
- Receivables within one year +€38,496
up €38,496 (+59.0%), from €65,247 to €103,744
of which Trade receivables: +€26,609
- Cash -€34,119
down €34,119 (-24.9%), from €137,058 to €102,939
mainly Receivables within one year (-€38,496) and Investment in fixed assets (net) (-€20,163)
- Profit (loss) carried forward -€15,310
down €15,310 (-11.3%), from €135,421 to €120,111
- Trade debts +€11,850
up €11,850 (+350.3%), from €3,382 to €15,232
- Current portion of long-term debt +€5,488
up €5,488 (+49.5%), from €11,089 to €16,577
- Tax, wage and social debts +€2,677
up €2,677 (+31.4%), from €8,529 to €11,206
- Gross operating margin -€54,014
down €54,014 (-93.4%), from €57,857 to €3,843
- Other operating charges -€16,705
down €16,705 (-88.4%), from €18,899 to €2,194
- Taxes -€6,836
down €6,836 (-97.3%), from €7,025 to €189
- Write-downs -€5,535
no longer reported in 2025 (was €5,535)
- Depreciation +€1,697
up €1,697 (+10.6%), from €16,048 to €17,745
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 | €242,463 | €249,258 | +€6,795 | +2.8% |
| Fixed assets | 21/28 | €40,158 | €42,576 | +€2,418 | +6.0% |
| Tangible fixed assets | 22/27 | €40,158 | €42,576 | +€2,418 | +6.0% |
| Furniture and vehicles | 24 | €40,158 | €42,576 | +€2,418 | +6.0% |
| Current assets | 29/58 | €202,305 | €206,683 | +€4,378 | +2.2% |
| Amounts receivable within one year | 40/41 | €65,247 | €103,744 | +€38,496 | +59.0% |
| Trade receivables | 40 | €17,703 | €44,312 | +€26,609 | +150.3% |
| Other amounts receivable | 41 | €47,544 | €59,432 | +€11,887 | +25.0% |
| Cash at bank and in hand | 54/58 | €137,058 | €102,939 | -€34,119 | -24.9% |
| Total equity and liabilities | 10/49 | €242,463 | €249,258 | +€6,795 | +2.8% |
| Equity | 10/15 | €199,780 | €184,471 | -€15,310 | -7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,767 | €45,767 | = | 0.0% |
| Distributable reserves | 133 | €45,767 | €45,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,421 | €120,111 | -€15,310 | -11.3% |
| Amounts payable | 17/49 | €42,683 | €64,788 | +€22,105 | +51.8% |
| Amounts payable after more than one year | 17 | €17,084 | €19,186 | +€2,102 | +12.3% |
| Financial debts | 170/4 | €17,084 | €19,186 | +€2,102 | +12.3% |
| Amounts payable within one year | 42/48 | €25,599 | €45,602 | +€20,003 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €11,089 | €16,577 | +€5,488 | +49.5% |
| Financial debts | 43 | €2,599 | €2,587 | -€11 | -0.4% |
| Credit institutions | 430/8 | €2,599 | €2,587 | -€11 | -0.4% |
| Trade debts | 44 | €3,382 | €15,232 | +€11,850 | +350.3% |
| Suppliers | 440/4 | €3,382 | €15,232 | +€11,850 | +350.3% |
| Taxes, remuneration and social security | 45 | €8,529 | €11,206 | +€2,677 | +31.4% |
| Taxes | 450/3 | €8,529 | €11,206 | +€2,677 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,048 | €17,745 | +€1,697 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,535 | - | -€5,535 | |
| Other operating charges | 640/8 | €18,899 | €2,194 | -€16,705 | -88.4% |
| Gross operating margin | 9900 | €57,857 | €3,843 | -€54,014 | -93.4% |
| Operating profit (loss) | 9901 | €17,375 | -€16,096 | -€33,471 | |
| Financial income | 75/76B | €2,973 | €3,419 | +€446 | +15.0% |
| Recurring financial income | 75 | €2,973 | €3,419 | +€446 | +15.0% |
| Financial charges | 65/66B | €2,304 | €2,444 | +€140 | +6.1% |
| Recurring financial charges | 65 | €2,304 | €2,444 | +€140 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €18,044 | -€15,121 | -€33,165 | |
| Income taxes | 67/77 | €7,025 | €189 | -€6,836 | -97.3% |
| Profit (loss) for the period | 9904 | €11,019 | -€15,310 | -€26,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,019 | -€15,310 | -€26,329 |
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 11 October 2026 via checked.be.