B-Deck: 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-Deck
Largest movements
- Cash +€59,598
up €59,598 (+140.0%), from €42,574 to €102,172
mainly Net result for the year (+€82,004) and Current investments (+€40,000)
- Current investments -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Receivables within one year +€15,120
up €15,120 (+107.1%), from €14,116 to €29,236
- Reserves +€82,004
up €82,004 (+58.7%), from €139,704 to €221,708
- Debts after one year -€47,736
down €47,736 (-23.7%), from €201,800 to €154,064
- Gross operating margin +€7,719
up €7,719 (+10.0%), from €77,476 to €85,195
- Taxes +€2,505
up €2,505 (+15.4%), from €16,212 to €18,717
- Financial charges -€2,214
down €2,214 (-16.8%), from €13,162 to €10,949
- Financial income +€1,241
up €1,241 (+4.8%), from €25,850 to €27,091
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 | €528,216 | €564,112 | +€35,896 | +6.8% |
| Fixed assets | 21/28 | €431,371 | €432,546 | +€1,175 | +0.3% |
| Tangible fixed assets | 22/27 | - | €1,175 | +€1,175 | |
| Plant, machinery and equipment | 23 | - | €1,175 | +€1,175 | |
| Financial fixed assets | 28 | €431,371 | €431,371 | = | 0.0% |
| Current assets | 29/58 | €96,845 | €131,566 | +€34,721 | +35.9% |
| Amounts receivable within one year | 40/41 | €14,116 | €29,236 | +€15,120 | +107.1% |
| Trade receivables | 40 | €14,116 | €29,236 | +€15,120 | +107.1% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,574 | €102,172 | +€59,598 | +140.0% |
| Deferred charges and accrued income | 490/1 | €155 | €158 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €528,216 | €564,112 | +€35,896 | +6.8% |
| Equity | 10/15 | €215,704 | €297,708 | +€82,004 | +38.0% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Reserves | 13 | €139,704 | €221,708 | +€82,004 | +58.7% |
| Distributable reserves | 133 | €139,704 | €221,708 | +€82,004 | +58.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €312,512 | €266,404 | -€46,108 | -14.8% |
| Amounts payable after more than one year | 17 | €201,800 | €154,064 | -€47,736 | -23.7% |
| Financial debts | 170/4 | €201,800 | €154,064 | -€47,736 | -23.7% |
| Amounts payable within one year | 42/48 | €107,701 | €109,895 | +€2,194 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €46,033 | €47,736 | +€1,704 | +3.7% |
| Trade debts | 44 | €39 | €41 | +€2 | +5.5% |
| Suppliers | 440/4 | €39 | €41 | +€2 | +5.5% |
| Taxes, remuneration and social security | 45 | €25,717 | €28,109 | +€2,392 | +9.3% |
| Taxes | 450/3 | €25,717 | €28,109 | +€2,392 | +9.3% |
| Other amounts payable | 47/48 | €35,912 | €34,008 | -€1,904 | -5.3% |
| Accrued charges and deferred income | 492/3 | €3,011 | €2,446 | -€565 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6 | +€6 | |
| Other operating charges | 640/8 | €204 | €610 | +€405 | +198.4% |
| Gross operating margin | 9900 | €77,476 | €85,195 | +€7,719 | +10.0% |
| Operating profit (loss) | 9901 | €77,272 | €84,579 | +€7,307 | +9.5% |
| Financial income | 75/76B | €25,850 | €27,091 | +€1,241 | +4.8% |
| Recurring financial income | 75 | €25,850 | €27,091 | +€1,241 | +4.8% |
| Financial charges | 65/66B | €13,162 | €10,949 | -€2,214 | -16.8% |
| Recurring financial charges | 65 | €13,162 | €10,949 | -€2,214 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €89,960 | €100,721 | +€10,761 | +12.0% |
| Income taxes | 67/77 | €16,212 | €18,717 | +€2,505 | +15.4% |
| Profit (loss) for the period | 9904 | €73,747 | €82,004 | +€8,256 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,747 | €82,004 | +€8,256 | +11.2% |
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 6 October 2026 via checked.be.